Brandon Sink, CFO of Lowe's, values the interactions he has with employees across all levels of the company. His extensive career in home improvement began with Deloitte, where he first served as Lowe's external auditor. He later joined Lowe's as the Director of Corporate Accounting and eventually took on the role of Vice President and Corporate Controller. Brandon and I sat down for a conversation about his journey to CFO, what he's learned along the way and how he builds and mentors the finance team. He shares practical advice for balancing a demanding job with his family and offers guidance for aspiring CFOs.
Our insights with Israeli firms show three key areas for startup success: IPO-ready board, global executive attraction, and culture for expansion.
As private equity firms look to maximize value from their investments, it is critical to ensure that portfolio company management teams have the right capabilities to execute against their investment theses. Though in many cases the underlying premise will lie in backing an existing management team, it is increasingly common for private equity firms to bring in a new CFO early in the lifespan of an investment.
The days when the main function of Audit Committees was to put a “stamp of approval” on companies’ financials are long gone. Heightened risk awareness and increased regulation means that Audit Committees must now take on a much more proactive role in detecting, understanding and acting on risk – be it financial, macroeconomic, regulatory, legal or cybersecurity-related.
Within the executive committee, there is no relationship more important than that between the chief executive officer and the chief financial officer. Because of this, when hiring a CFO, particular attention must be paid to the fit between the candidate and the chief executive. In our experience working with boards and CEOs making CFO appointments, strong CEO-CFO relationships exhibit three qualities.
A strong relationship between a public company’s chief financial officer and its audit committee is critical if the board is to provide appropriate risk management and compliance oversight.
When Egon Zehnder launched the 25 by 25 initiative last September, aiming to quintuple the number of female CEOs in UK FTSE 100 companies within a decade, we committed to the same target in finance. Given that men and women now enter the profession in almost equal numbers, this should be an achievable goal but, critically, it depends on overcoming obstacles which confront many women mid-career.
“I wish I had known then what I know now.” That’s the frequent refrain we hear in candid conversations with a surprising number of C-level executives.
The airline industry is facing a number of global challenges. Kokkong Chan, Egon Zehnder, Sydney, and Christoph Wahl, Egon Zehnder, Berlin, summarize these challenges and their implications for talent management.
Egon Zehnder recently organized a forum to discuss the role and responsibilities of the CFO in dynamic environments. The global financial crisis put the spotlight on the CFO as never before.
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