‘Long gone are the days where we just provided numbers’: The CFO-to-CEO pipeline is growing but does a finance background always make a good leader?

When Toyota needed a new chief executive this year, it looked one seat over. Kenta Kon, the carmaker’s chief finance officer, took the top job in April. Kon joins a long list of CFOs that have risen to the CEO role, including ConocoPhillips CEO Andy O’Brien, CME Group’s Lynne Fitzpatrick and Unilever’s Fernando Fernandez. In Europe, 21% of CEO appointments at the continent’s largest listed companies last year were previously CFOs—second only to divisional chiefs, according to data published by executive search firm Spencer Stuart .

Source: Fortune Crypto