NEW YORK, April 7, 2016 /PRNewswire/ -- Deloitte CFO Programs have delivered more than 1,000 CFO Transition Lab™ sessions in more than 25 countries, spanning the U.S., U.K./Europe, Australia, Brazil, South and East Africa, and Asia and the Middle East. A powerful, structured and confidential one-day experience, the labs are custom-designed sessions that helps recently appointed CFOs effectively transition and prepare for expanded "strategist" and "catalyst" roles as they navigate a critical moment that matters in their careers.
Built on the proprietary primary research paper "Taking the reins: Managing CFO transitions," which drew from interviews with more than 20 CFOs of companies with nearly $170 billion in combined revenues, Deloitte U.S. found the three most important resources a CFO must manage during transitions are personal and organizational time, finance organization talent, and critical stakeholder relationships. The labs help CFOs allocate these important resources by helping to define priorities, assess talent and evaluate key relationships. CFOs walk away with a 180-day action plan defining specific milestones.
"Deloitte is absolutely honored to have delivered more than 1,000 Transition lab sessions around the world through the Deloitte CFO Programs. Our member firms around the world believe the work they do in the labs is meaningful and creates real, lasting impact within organizations," said Sanford Cockrell III, Global CFO Program leader, Deloitte Touche Tohmatsu Limited. "There is no one-size-fits-all approach to managing a transition like the ones newly appointed CFOs undertake — whether they have prior CFO experience or not — because each CFO, organization and situation is unique. Deloitte could not be prouder to work with each of its clients in helping them manage one of the most critical moments in their careers."
The labs were introduced in June 2010, with the sponsorship of Sandy Cockrell and the research and design of Dr. Ajit Kambil, research director, CFO Program, Deloitte LLP. CFOs who have experienced a lab consistently provide validation of its value and impact.
"I thought my Deloitte U.S. CFO Transition Lab session was just terrific. It really helped validate what I am already doing, as well as provided some new thoughts and ideas. I appreciated the insights and advice offered during the session and found it to be extremely valuable and worthwhile," said John T. Fleurant, executive vice president and chief financial officer, New York Life Insurance Company. "I would highly recommend this program to all my peers, both those in new CFO roles, as well as those who have been in their current roles for some time. In today's world, it's helpful to take a step back to assess your long-term vision and set priorities towards achieving your goals."
"Recently appointed CFOs have much to contend with, ranging from forging relationships with other C-suite executives and inheriting a new team to the effectiveness of financial operations," said Kambil. "Our clients appreciate the ability in their critical first 90 to 180 days to reflect on strategically managing these important transitions, and creating a defined plan built upon a tried-and-true framework."
To learn more about the Deloitte CFO Transition Labs, please visit: The Deloitte CFO Program website.
About Deloitte CFO Program
The CFO Program brings together a multidisciplinary team of Deloitte leaders and subject matter specialists to help CFOs stay ahead in the face of growing challenges and demands. The Program harnesses our organization's broad capabilities to deliver forward thinking and fresh insights for every stage of a CFO's career – helping CFOs manage the complexities of their roles, tackle their organization's most compelling challenges and adapt to strategic shifts in the market. For more information about the Deloitte CFO Program, please contact email@example.com or visit www.deloitte.com/global/thecfoprogram.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a U.K. private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms.
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