Administration April 8, 2003

CFO's Contemplate Next Duty Station

August 16, 2002 (PLANSPONSOR.com) - Many Canadian chief financial officers (CFO) apparently won't travel far from home to find their next professional posting, a new survey found.

Reported by

Fred Schneyer

Among the CFO’s polled in the Robert Half Management Resources survey, more than two in ten hoped for retirement as a next career move, one in ten wanted to start a new company and more than four in ten (44%) planned to stay put.

Another 9% were ready to hang a consultant’s shingle; still another 9% had their eye on being CEO or president, while 6% were heading for a CFO job at a larger firm.

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The finance executives were also asked how likely it would be for them to take the entrepreneurial plunge if the necessary capital was assured. Some 53% were very or somewhat interested, 35% didn’t know and didn’t care, and 2% didn’t know.

The survey includes responses from 270 CFOs from a random sample of Canadian companies with more than 20 employees.