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Collaboration, Trust and Financial Excellence Empowering CFOs
By Fred Boyle, SVP & CFO, Pepco Holdings
To achieve this goal, the CFO’s team must understand what drives the business commercially. I want each of my team members to understand how what they do affects other areas of the organization.
our function. At a minimum, we make sure we effectively communicate directly with those teams.
"As our peers outside of finance learn that we understand what they are trying to achieve, they will view our team as trusted partners who are striving for the same goals"
As our peers outside of finance learn that we understand what they are trying to achieve, they will view our team as trusted partners who are striving for the same goals. Inevitably these interactions build trust and a reliance on our input when they are making decisions and planning for the future. I believe another priority is optimizing the contribution of the financial organization by developing talent. The company supports the traditional methods such as internal and external training sessions and generous tuition reimbursement benefits for continuing education. I encourage bringing junior associates to meetings where their analysis is a key element of the topic being discussed. Giving junior teammates this recognition and exposing them to other senior members of the organization is easy to do and provides them important feedback and perspective. This perspective can be eye opening and motivating and can lead to a higher level of performance and contribution from the associates. They can see how their work is used and gain a better understanding of how it fits into the decision-making process.
I am confident that we will successfully meet all challenges through a combination of teamwork, communication, collaboration, financial excellence and our continued investment in our workforce.