Critical factors as any treasurer is considering a path to becoming a CFO

I would like to highlight which are critical factors as any treasurer is considering a path to becoming a chief financial officer of a business (Hear the former Tyco CFO):

1. The first one before is to have the core competencies wherever they are in the Treasury role really nailed down you've got to be the best at that and be considered world-class at what you're doing today.

2. The second piece which is very important is a good handle on the business so getting to understand how does the business operate what are the hot buttons of the business what are the key levers that makes the business tick every day and what are the strategies for growing that business have.

3. The third factor is networks you have to build your networks with all the key stakeholders so whether the stakeholders are the board members the chair of the Audit Committee the CEO of the company the general counsel of the company the HR leader of the company, these are all stakeholders in making the decision on the future CFO's of the enterprise, and it's very important that you have built a good relationship with each and every one of these stakeholders so that network is very critical.

4. Humility, never be afraid to ask questions you're not the smartest guy in the room and humility is a very important factor.

5. Integrity, really is not just integrity of the work that you do but integrity of yourself right so when people know that when you say something you're gone do it you walk the talk and so integrity and it's broads

is very important.

6. Passion, you come in whatever you do whether it's building a strategy plan whether it's going out with your teammates have ordering dinner it doesn't matter how big or small the activity is how strategic or the only tactical the activity is you show passion for it and that's very important.

7. Credibility, all this comes together building credibility you're building credibility it's who do they believe in to be able to deliver what's being asked to deliver.

You have to build the credibility and all the things that I listed, this is what is going to lead to the final decision of you being selected as the chief financial officer.

By the way, all the above is considered as well for all other Controllership roles considering being a CFO.