Tag Archives: CFO

The CFO Shake-Ups Keep Coming: The Latest Change of Hands

Posted on by
(image courtesy of meadjohnson.com)

(image courtesy of meadjohnson.com)

As the business world turns, more companies are changing and searching to find a CFO to help with their business success. One of the biggest shakeups this week was the resignation of Mead Johnson Nutrition Company’s CFO Peter Leemputte. As long as Leemputte doesn’t work for another company before March 13, 2015, he will receive his generous separation benefits package. His replacement, Charles Urbain, was the senior vice president for the company. Urbain managed both human resources and stakeholder relations, and will slowly be adjusting into the new position throughout the next few months. In other related news, Susan Riley was hired by Vestis Retail Group, LLC. Previously, she was working for the company as the interim CFO, and before that she was an independent consultant with the company. The company owns a variety of stores that sell clothing and sporting goods. Details on the compensation packet she received were not disclosed to the media at this time.

A good CFO can dramatically change the success of a company, and you can be set up with highly qualified applicants at Goodacountants.com. You can find a CFO replacement that is going to please shareholders, entice stock buyers, and help improve your company.

Company Shakeups A Good Reminder It’s Time to Find a CFO

Posted on by

A number of companies have recently undergone a CFO shake up, including Oregon-based Northwest Natural Gas Company, whose current CFO Stephen Feltz is set to retire. The organization is currently searching for his successor.

Bloomfield Hills, Michigan-based TriMas Corporation, a manufacturer of products used in the aerospace, packaging and energy industries, announced on Monday, January 12, that it named Bob Zalupski as its chief financial officer effective immediately. He was the company’s vice president of finance, corporate development and treasurer, with a total of more than 30 years of business and financial management experience. He succeeds Mark Zeffiro, who will become CFO for a forthcoming spin-off business from TriMas.

Unilife Corporation, out of York, Pennsylvania, a leading developer and supplier of injectable drug delivery systems, has appointed David Hastings as its CFO. Hastings was previously CFO at Incyte Corporation and is expected to join Unilife on February 23, succeeding interim CFO Dennis Pyers.

Finally, Tucson, Arizona-based Providence Service Corporation, a social services and transportation company has announced that Robert Wilson will leave his role as CFO, but will stay at the company through the first quarter of 2015. The business is currently seeking to find a CFO to take his position.

With so many CFOs moving around, it’s a good reminder that your small business needs to find a CFO. You don’t need to have a large company in order to take advantage of a CFO’s services to improve the future of your organization. A qualified CFO can be beneficial to all types of companies in many different ways.

You might receive much-needed advice on the structure of your business as well as being able to access unbiased, professional financial advice to help your company grow. A CFO can help with cost control measures, government regulation, capital acquisition and much more. They can review all of the procedures within your organization, identify and fix problems to maximize productivity too.

While locating the right person for the job may seem like searching for a needle in a haystack, the good news is that you can find a CFO easily just by contacting GoodAccountants.com. With access to a long list of highly qualified candidates, you might just find the perfect CFO for your business that can help take it to the pinnacle of success and beyond.

To Find A CFO Pay Attention to Company Moves

Posted on by
Finding a CFO

Image Source: http://www.cfolink.com/

In the ever-changing business world, every year brings in new ideas, new projects as well as new people that make up a company’s organizational structure. For any business owner, it’s important to stay informed as to current events as well as future moves of companies within your industry, should the need to find a CFO arise.

Restructuring the management of a business can happen quickly, and it occurs more often than we think. Three examples of this type of change involve companies Baxter International, Hill-Rom, and AngloGold Ashanti, and these have either just taken place or will in the very near                                               future.

There are going to be several new things happening in Deerfield, Illinois where Baxter International is based. The company will be welcoming back James Saccaro next month as CFO of the company after his departure last December, and sometime next year Robert Hombach will be the CFO of Baxter International’s bio-pharmaceutical business. Last year James Saccaro left to work for Hill-Rom when he decided to set out to find a CFO position, however, he will return to the company as a CFO instead of his original position as treasurer.

Batesville, Indiana is where the medical device maker organization Hill-Rom is located. Since James Saccaro’s departure from the company, Hill-Rom has placed Michael Macek as the interim Chief Financial Officer until a permanent replacement is found. Macek also reportedly served as the business’s interim CFO last year, prior to the hire of James Saccaro which means he has some knowledge of the position. When he is not acting as temporary CFO, he is said to be the company’s treasurer with an annual salary of over $240,000. This would not include the incentive participation program that he was eligible to participate in either.

Gold mining business AngloGold Ashanti recently named Christine Ramon as its new CFO and executive director effective this October. It’s been reported that she will inherit Richard Duffy’s role, who will be stepping down from his job at some point in the near future. Her compensation and total package have not been revealed at this point.

It’s easy to see how shuffling the around of CFOs can provide the opportunity for an organization to fill its own needs, but one of the quickest and easiest ways to find a CFO is to go directly to GoodAccountants.com, with access to thousands of the most qualified candidates around.

 

 

CFO Resigned? How to Find a CFO to Take Your Business to the Next Level

Posted on by

Find a CFOWhat should a company do after their CFO has resigned? Recently, Jim Bonsall, the CFO for the city of Detroit resigned, after allegations were made that he demeaned a coworker during a meeting. An internal investigation is moving forward to determine if Bonsall made the racial remarks that he has been accused of. He submitted his resignation as a result of the controversy.

In this situation, the next step is to find a CFO for the city of Detroit, which can be a lengthy process in order to locate a qualified person who can handle the responsibilities that come from managing the finances of a city. It is essential that a qualified CFO is hired, because hiring the right person can be the difference between financial success or failure of the organization.

The rocky economic climate in the United States has made it more important to find a CFO who can manage financial assets wisely. The CFO is responsible for protecting the bottom line and making sure that expenses can be met. In the process, he needs to find ways to trim the fat without causing harm to the success of the company. It has been said that the CFO may be even more important than the CEO. The CFO will have a good hold on the financial outlook for the company, and they will be able to advice the decision makers on how the money is best spent based on the financial resources that are available.

One good option is to outsource CFO services through a trusted company, such as GoodAccountants.com. The CFO services that are available will provide a company with high quality talent at a cheaper cost than hiring an independent CFO.

The process to find a CFO usually involves heavy recruiting to locate qualified candidates, followed by background checks, reference checks, and intensive interviewing to pick the right person. Even after all of this work has been completed, the company is still taking a risk to see if the person will be the best fit for the company. Using CFO services allows a company to have access to top CFO candidates without obligation or cost.

How To Outsource A CFO That Is Qualified

Posted on by

hageman resigns, time to outsource a cfo? In the Netherlands recently, a Telecom firm was left in a bind when their CFO resigned abruptly due to personal reasons. This is not a position that’s easy to fill, and Royal KPN NV stated that their former CFO, Eric Hageman had helped them significantly in raising 3 billion euros and in striking a deal to sell the firm’s German arm E-Plus to Telefonica out of Spain.

With this glaring gap in management, another company is moving in attempt at a possibly hostile takeover. Royal KPN NV really needs to outsource a CFO, and quickly.

This situation is a shining example of how things can change in just the blink of an eye. If you find yourself in need of a CFO like Royal KPN NV, you may want to consider a new strategy for finding one.

Outsourcing a CFO can help your business save thousands, if not hundreds of thousands of dollars. This valuable person can help to:

  • Improve cash flow
  • Improve profits
  • Increase the value of your company
  • Improve financial reporting
  • Improve your business plan
  • Uncover fraud and possible financial issues

So if outsourcing is your best option, how do you outsource a CFO who is highly qualified for your specific business?

You’ll want a qualified professional who has the extensive expertise required on the accounting, process, and tax knowledge needed to steer a company’s finances. The CFO should also be able to take a leading role in the business by organizing structure, reporting and processes that will result in the excellence of the organization.

When you outsource a CFO, that person will also have to be someone who can be trusted to make the very best financial decisions and handle privileged information. Such an important position can be a huge factor for helping your business to achieve its goals and more.

Finding the right CFO can seem like locating a needle in a haystack, but your best option is to call the experts at GoodAccountants.com, with access to the top outsourced CFOs available nationwide. The very best candidates with the qualifications specific to your requirements will be made available to you at no cost or obligation whatsoever.

Three Crucial Steps to Find a CFO You Can Trust

Posted on by

find a cfo for your small businessIf you want to find a CFO for your company, you probably realize the importance of this decision for your firm’s financial health as well as the ultimate success of the organization. Finding a CFO that you can trust to handle privileged information and make sound financial decisions may be one of the most crucial strategies in taking your business to the top.

To find a CFO that is right for you and your organization, it will take some time and effort, but there is no doubt that your diligence will pay off by finding a professional that can be counted on. Consider these three important steps and you’ll be well on your way to hiring the right CFO for the job.

What do you want in a CFO?

Your first step in locating a CFO is to determine the critical roles you’d like this person to be responsible for. A CFO may be able to help develop and execute financial strategies, implement business plans, create contingency plans during a soft market, provide financial insight, review accounting and finance procedures and recommend changes, review accounting books as well as records and reports, developing new financial reporting methods or review current methods are just a few of the responsibilities to consider.

Once you have an idea of what this professional will do for your firm, you can begin to find a CFO that will be able to meet those needs.

Referrals

The best CFOs are typically found through referrals from others within the same, or a similar industry, but it can be difficult to locate a CFO with the expertise you need who is also seeking a new position. With GoodAccountants.com employing over fifty, full-time professional business consultants who excel at locating those hard to find financial experts, this free service is one of the best ways to secure a CFO who can be trusted to help you and your firm reach its goals.

In person meetings and reference checks

Holding an in-depth meeting with each potential CFO candidate who help you narrow down your choices and compare expertise and qualifications. Asking plenty of questions to determine both a professional and personal fit is imperative.

Thoroughly checking references to find out about past performance and determine possible future performance is also a crucial step to find a CFO who will do the best job for you. Fortunately, GoodAccountants.com is able to take these consuming tasks out of your hands at no cost or obligation and find the most qualified financial expert to meet your needs.

The Best Way to Find a CFO Service

Posted on by

find a cfo service from goodaccountants.com that is right for you If you’re getting ready to find a CFO Service for your organization you probably realize that utilizing these services can be an important strategy for any successful business. Paying for the types of invaluable services they can as well a making sure that everything is handled correctly can save the organization money over the long term.

But how do you find a CFO Service that you can trust to handle such important and often delicate information? This is not a decision that should be rushed – here are the crucial steps that should be taken before hiring a CFO Service.

Ask for referrals

A referral from a trusted person within a similar organization can be one of the best ways to find a CFO Service that you can create a long term relationship with. The firm should be able to bring industry best practices into your business.

Meeting your specific needs

What are the critical roles that you would like played by a CFO Service? Do you need a service that can perform staff evaluations as well as training and mentoring? Some of the areas of expertise that should be required include:

  • Reviewing accounting and finance procedures
  • Reviewing accounting books and records as well as financial reports
  • Developing and installing accounting policies and procedures
  • Development financial reporting methods or reviewing those currently in place

Come up with a list of your organization’s specific needs before seeking out the right CFO Service for the business.

How to narrow the options

Once you have determined your needs and have a list of potential candidates, you’ll need to narrow your choices by scheduling in-depth meetings to compare qualifications and services offered. One of the most important questions to ask is what makes their service better than the rest? What can they do for you that others cannot? Of course, you’ll also want to find out the fees that will be charged and how those fees will be calculated.

After these meetings you will probably have thinned your list down quite a bit and will need to perform thorough reference checks of those who remain to find out how they’ve performed in the past for both current and former clients.

While all of this may sound overwhelming, the good news is that GoodAccountants.com is often the ideal solution to find a CFO Service that is the most qualified to meet your needs at no cost or obligation – taking this time consuming task out of your hands and into ours.

How CFO Services Can Benefit Your Business

Posted on by

CFO services are much needed for any businessWhile the services of a full-time CFO might not fit into the budget of many small businesses at $200,000 a year or more plus benefits, paying a CFO for services as you need them may not only be a lot more affordable, it can be crucial to the long term success of a company.

CFO Services can help a business with Payables, Receivables, Inventory and Cash, making sure it’s done correctly, and accurately project revenue and expenses, map out a financial plan for the future of the business, understand financial reports and properly channel resources.

How do you know if your business can use a CFO?

 

CFO Services can be one of the most important strategies of any business, and relieve one of the biggest burdens from the company and everyone associated with it. Most companies can use these services at some point during their growth, and it is typically before they are able to add a full time CFO to their staff.

A few of the indicators include:

  • Inventory problems
  • Stressed or weakened relationships with bankers or vendors
  • The acquisition of another business
  • Questions about the integrity of employees
  • Cash flow

If you think your company is too small to use CFO Services, think again. Corporations of all sizes, from the smallest to the largest can benefit from these services. The difference is that smaller companies don’t often need a full time CFO, but one that can work on an as needed basis.

Wide variety of benefits

 

CFO Services can provide a wide variety of benefits with just a few including:

  • Helping to develop and execute a financial strategy including new or existing plans.
  • Implementing business plans that will help you to set up or meet long term goals.
  • Creating a contingency plan to make sure the business can safely get through customer demand crises or soft markets before it occurs.
  • Providing insight that may help your business achieve greater heights of success.
  • Share their knowledge of proven strategies based on past experience with other companies.

These services can be used as little as a few days a month to a few days a week or even more, assuring that your business runs smoothly with the valuable input of a CFO professional. It can serve to take much of the financial worries away, allowing the business owner to concentrate on the important task of growing the business and watching it succeed.