Just like political figures, the first 100 days in the job are crucial for an incoming CFO.
So, CFO Magazine’s Nina Hendy asked CFOs across a range of industry sectors what their advice is for their finance colleagues who might be planning a role change in 2022.
Here’s what they told us:
Xuehui Chiu, CFO, SAP A/NZ
“The first thing to do in any new job is to do a valuation of your “inheritance”, but never be burdened by it. Do not bother yourself with the legacies of the past but focus on what you, as the new CFO plan to do for the future with your inheritance of people, process and systems in the light of the organisation’s culture and business environment. To understand your inheritance, you will need to observe, engage, and align. Invest time in observing the current norms, active engagement with your teams to hear their career trajectories and aspirations and stakeholders to hear their concerns and motivations, , and finally always align on the common goals. Talk not only to the people themselves but also to their circle of trust and influence. Set up one-on-one meetings with direct reports, peers and key stakeholders within the first month.”
Read more of this CFO Magazine article here.