The coronavirus pandemic has disrupted business models.
It has forced employees to seek new office sites in their kitchens, bedrooms and basements. It has ushered in hybrid educational models involving in-person and virtual learning, and imperiled funding for colleges and universities. And nobody really knows what’s coming next or when.
Meanwhile, who’s minding the store
Usually those duties fall on the shoulders of the chief financial officer, whose responsibilities include keeping businesses and institutions on a level financial keel — or as close as possible to that — amid the chaos.
During the COVID-19 era, the CFO role has become even more crucial, says an executive at a global staffing agency with subsidiaries in Virginia.We have seen a change in the dynamics between the CFO and the CEO relationship almost where they are co-piloting certain initiatives,” says Heather Fannin, senior regional vice president of professional recruitment at Switzerland-based Adecco Group, the parent company of Accounting Principals, an accounting and finance staffing agency with offices throughout Virginia.
