Why CFO roles are being filled by Gen Xers

More focus on innovative and strategic thinking has led to CFO roles being filled by younger individuals, according to The Wall Street Journal.

Younger baby boomers and Gen Xers bring a different management style than some of their older colleagues, and that style is attractive to companies that need innovative finance executives.

In addition, younger CFOs are typically more tech savvy, which can be both positive and negative for their companies.

"The up-and-coming generation of leaders effectively uses technology in everything they do, and as a result they like to push technology initiatives in everything they do," Benjamin Mulling, CFO of Hebron, Ky.-based Tente Casters, a maker of wheel casters, told The Wall Street Journal. "Some of the more seasoned employees can struggle with this."

Mr. Mulling took his CFO post at age 28. Now age 35, Mr. Mulling sees that it is possible to achieve success as a young CFO, but it requires respecting "the past experiences, tenure and thoughts of those who have been there longer," he told The Wall Street Journal.  

More articles on healthcare finance:

CFO vs. CEO salaries: 4 findings
45 states earn 'F' grades for healthcare price transparency
7 things to know about the 340B Drug Pricing Program

 

 

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months