Why Are More CFOs Becoming CEOs?
Becker’s has reported on multiple CFO-to-CEO transitions in hospitals and health systems in 2024, including Deb Mohesky, who was appointed CEO of CommonSpirit Health’s Longmont (Colo.) United Hospital, and Joe Wanner, who took the helm at Bartlett Regional Hospital in Juneau, Alaska.
The CFO-to-CEO trend is growing in popularity, partially because of the current economic environment, Fortune reported Oct. 16.
A leader who can navigate an unsteady economic climate is desirable, and the role of the CFO itself has entered the forefront of organizational strategy, Fortune reported.
“CFOs have become a real strategic partner to the CEO, and I would call them ‘truth-tellers,'” Shawn Cole, president of executive search firm Cowen Partners, told Fortune.
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