Chief Financial Officer (CFO)

The officer of a firm responsible for handling the financial affairs of a company.

Chief Financial Officer

In a corporation, the official charged with overseeing all financial matters. The CFO is the equivalent of a treasurer: he/she is responsible for ensuring the long-term financial health of the corporation. This includes mundane matters like signing checks and record keeping, but the CFO is also head of financial forecasting, budgeting, and managing the company's financial risk. The CFO is often a member of the board of directors, and reports to the CEO. In the United States, it is common for CFOs to have an MBA degree, but not necessarily a professional designation like CPA or CFA.

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References in periodicals archive

Laurie Ganon, Chief Financial Officer, United Way of Greater Rochester

Financial Executive of the Year finalists selected

as vice president, chief financial officer from 2010 to 2011 and senior vice president, chief financial officer from 2011 until its sale in 2013.

Cooper, Nguyen Named to ProNAi Therapeutics Board of Directors

She departs Walmart after nearly four years as executive vice president of strategy and chief financial officer for Willman International.

Walmart exec will join PBM

Carroll, the current chief financial officer, will assume a broadened role of executive vice president of corporate and business development.

David Rayner returns to lead EchoStar finance office

Nelson has been chief executive officer since February 2007, and West has served as chief financial officer since June 2006 and president and chief financial officer since December 2008.

-Education Management Names Chairman, CEO

-- Circuit City Stores has named Bruce Besanko executive vice president and chief financial officer, effective July 30.

Besanko named to CFO post at Circuit City

Carbone, chief financial officer of Prudential Financial.

Group of North American Insurance Enterprises

Noyce has worked for FBL since 1985 and has held various positions within the company before he became chief financial officer and chief administrative officer as well as executive vice president and general manager of FBL's property casualty companies.

FBL Financial Group Inc

Shadid as its executive vice president and chief financial officer, effective immediately.

American Italian Pasta

Matthias Zachert was designated chief financial officer. He is currently group chief financial officer of Kamps AG.

Heitmann chosen to lead Lanxess

Peck, whose 19 years in both the publishing and direct mail industries have included chief financial officer for Phillips Publishing International during its years of peak growth, has been named chief financial officer of The Magazine Group, one of the country's leading custom publishers.

Phillips Publishing International. (People)

The company also announced that Don Devine, senior vice president and chief financial officer, was named executive vice president and chief financial officer.

BM names Abrams executive VP and COO. (People on the Move)