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 ?
"Our interim financial director was a great guy to work with, providing us with a wealth of knowledge and experience."
Carol Thomas, financial director of Runcorn-based SOG Group.
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David also held positions with Alfas Industries, where he spent 13 years as financial director after originally spending eight years in accountancy practices BDO Binder Hamlyn and Ernst and Young.
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Caron Rockey, director of Martyn Prowel Solicitors, said: "Debra brings to her new role of financial director extensive experience of the financial management within the legal profession and of Martyn Prowel Solicitors in particular.
Richard Addison at John O'Groats with Carl Murray, MD, and Paul Graham, Financial Director, of Capital Cash Ltd |
Former Liverpool managing director Christian Purslow, above, has been lined up for the role of chief executive and Murray confirmed yesterday a replacement financial director has been secured to take charge of the club's dwindling cash pile.
It is slightly less than a month since Graeme Mouton was appointed as the new Financial Director of Namibia Breweries Limited but already he says he is inspired by the O&L Purpose "Creating a future, enhancing life."
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