Spencer Stuart: The Benefits of Hiring CFOs from Other Sectors
Based off extensive experience of CFO placement, Spencer Stuart looks at the benefits of companies fulfilling an open CFO position with an executive from a different sector. Although many organizations are reticent to hire a CFO from another industry in an effort to avoid having to train their new hire on sector-specific knowledge, Spencer Stuart has found hiring a CFO across industries has many benefits. Pointing out that the role of the CFO is changing from focusing solely on fiduciary responsibilities to a more strategic role, the larger the talent pool, the better chance of finding the best CFO for the organization.
Key areas Spencer Stuart explores include:
- Benefits of cross-sector moves
- Why some boards invite CFOs from other sectors
- Overcoming obstacles