Why CFO And COO Roles Are Becoming More Cross-Functional
Source: Bank of America
After the most recent economic downpour, the new operational river running through the executive suite is dissolving the walls between the chief financial officer and chief operating officer offices. Today's successful CFOs must have a strong operational focus. Today's successful COOs must have a strong competency with numbers. And more and more frequently, businesses - particularly those with revenues under $100 million - are recognizing the cross-functional fluidity between these roles and moving to combine the CFO and COO positions, or adjusting each role to incorporate cross-functional attributes.