""That's important; that's what drives future returns for the company," he recalls his mentor telling him. "But you don't get to allocate the capital yourself." The most important skill a CFO has, Warnick said, is influencing the ultimate decision-maker-the CEO. "So our job is to bring data and finance into the discussion and influence the outcome," he said."
"While both roles are critical on their own, the quality of the CEO-CFO partnership often matters more than what either leader can achieve individually. CEOs are leaning on their CFOs as strategic thought partners as businesses confront rapid technological change and evolving stakeholder expectations. In that context, finance chiefs provide enterprise-wide visibility and help turn ambiguity into concrete scenarios, trade-offs, and decisions."
Modern CFOs are expected to own financials while acting as strategists, digital leaders, and enterprise change agents. At Robinhood, the CFO transition from Jason Warnick to Shiv Verma places Verma in the top finance role while Warnick moves to an advisory position. Warnick emphasizes capital allocation and the CFO's key skill of influencing the CEO to incorporate data and finance into decisions. Verma collaborates closely with the CEO, board, and cross-functional leaders in engineering, legal, compliance, and risk to focus on long-term strategic decisions. Strong CEO-CFO partnerships provide enterprise visibility and translate ambiguity into concrete scenarios, trade-offs, and decisions.
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