News & Insights

Navigating Disruption with Data, Strategy, and Vision

Strategic planning has become a critical skill for CFOs. According to Travelers’ 2024 CFO study, 62% of CFOs consider strategic planning their most valued skill, highlighting its importance in future-proofing organizations. This shift underscores the CFO's role in managing not just finances, but also in shaping the company’s direction amid economic uncertainties.

From Financial Steward to Strategic Powerhouse

The role of the Chief Financial Officer (CFO) has transformed significantly. CFOs are no longer limited to traditional financial stewardship; instead, they have become central figures in driving strategic growth and innovation within organizations.

Historically, CFOs were primarily responsible for financial reporting and risk management. Today, they play a critical role in strategic decision-making. According to Gartner, CFOs are increasingly expected to align their organization's cost structure with unique capabilities and to act as executive champions in enterprise-wide data and analytics governance.

This shift is further illustrated by the rising number of CFOs transitioning into CEO roles. A 2023 survey by Heidrick & Struggles revealed that nearly one-third of FTSE 100 CEOs were former CFOs, an increase from 21% in 2019.