CFOs have their eyes set on becoming CEO


Chief executives wondering who may be after their job should look no further than their chief financial officer. According to a new survey released today, the majority of CFOs in the U.K. want to take on the top job.

The survey was produced by recruitment agency Robert Half U.K. and found 86 percent of U.K. CFOs are driven to reach the role of CEO in their current organisation. Two hundred CFOs were interviewed online for the study.

The survey also revealed that 23 percent of the CFOs surveyed saw the company's marketing director as their biggest rival for the top job, while 22 percent saw the chief information and technology officers as the greatest competition.

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According to the survey results CFOs reckoned they would be ideal candidates for the role due to their knowledge in investor stakeholder management, their economic and business awareness and finance and data-driven business decisions.

The results of the survey support a previous study by Robert Half, which found that 55 percent of current FTSE100 CEOs have a background in finance, indicating CFOs have an advantage over others.

"As CEOs continue to be challenged with improving the financial position of the organisation and delivering increased shareholder value, hiring an individual with a strong financial background is often key," said Phil Sheridan, senior managing director at Robert Half UK, UAE and South America, in a press release.

"As new challenges can impact the wider business, companies should regularly review their succession planning strategies to ensure they can fully utilise the range of talent available and develop potential leaders as early as possible."

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