Chief Financial Officer

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Chief Financial Officer (CFO)

The officer of a firm responsible for handling the financial affairs of a company.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Rickard joined CVS in 1999 after serving as senior vice president and chief financial officer at RJR Nabisco, executive vice president of Grand Metropolitan PLC and several senior management positions at Kraft Foods Inc.
Meanwhile, down the hall, the treasurer and the chief financial officer who are in charge of managing foreign exchange risk and supplier risk, those kinds of things, keep $100 million of such risk naked--and perhaps they do a bit of hedging.

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