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 ?
When contacted, Universities and Boards Department Secretary Riazuddin denied the changes in the appointment processes for vice-chancellors and finance directors were motivated by favouritism.
The awards, supported by Accountable Recruitment, Grant Thornton, Hill Dickinson and HSBC, are a showcase of this part of the North West and North Wales' leading finance directors and CFOs, and aims to highlight their work in businesses and public sector organisations across the region.
Prior to joining Allianz Life, Armbrustmacher worked at Ameriprise Financial in Minneapolis for 19 years where he held finance director roles in several areas for more than 10 years.
However, Ismail Al-Radhi, the newly appointed finance director for Hajja, was given the position without the governor's approval.
He has also held finance director positions with construction firm Henderson Campbell as well as renewable cable protection system supplier Tekmar Energy.
Finance Director Ruthann Plumlee walked out of a nonpublic executive session Thursday during which the council discussed her fate, and gave no indication whether she intends to resign or be fired.
Career Boston Consulting Group, 1975-82; Dixons, group financial controller, 1982-85, corporate finance director, 1985-87; Redland, group finance director, 1987-94; Grand Metropolitan, group finance director, 1994-97; MEPC plc, non-exec director, 1995-98; Railtrack, chief executive, 1997-2000; Burmah Castrol, non-exec director, 1998-2000; Woolworths, chairman, 2001-07; Holmes Place, chairman, 2003-06; Greencore plc, non-exec director, 2004-10; SSL International, chairman, 2005-10; Britvic, chairman, 2005-; Moneysupermarket.com, chairman, 2007-; Royal National Institute for the Deaf, chairman, 2007-; Numis Securities, non-exec director, 2009-; Betfair, chairman, 2012-Made a Freeman of the City of London in 1987; High Sheriff of Hertfordshire, 2010-11.
Hong Kong based carrier Cathay Pacific Airways on Monday announced that it has appointed Martin Murray as finance director of the carrier.
28 September 2011 - EKF Diagnostics Holdings Plc (LON:IBL), a UK-based diagnostics instruments producer, said it had appointed Richard Evans as finance director.
Aberdeen-based innovative casing and completion technology provider Deep Casing Tools has announced the appointment of a finance director and a marketing manager.
President Petroleum Company PLC (PPC.LN), an oil and gas company with assets in the United States and Australia, has named Benjamin David Wilkinson as its Finance Director with immediate effect.