On Deck

Gregg, Cecil
May 1999
Financial Executive;May/Jun99, Vol. 15 Issue 3, p28
Academic Journal
This article focuses on the need of executives to prepare for their own succession. Leaving a high level post vacant can cause significant turmoil. Frequently, executives are developing succession plans and mentoring employees to assume their position after they move on. According to a survey by the Financial Executives Institute, chief financial officers are choosing people from the controller level, as opposed to the treasury. Controllers have a broad range of experiences and exposure to a firms' diverse operations, and so are ideal to become CFOs. INSET: The Successor Scorecard.


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