Our Guest Mentor:
JACK MCCULLOUGH is founder of the CFO Leadership Council, a global organization whose mission is to Empower CFOs and other financial leaders through cutting-edge professional development programs and unparalleled peer networking. Jack also recently published his first book, Secrets of Rockstar CFOs, based upon conversations he had with more than 40 of the world’s best CFOs, from Fortune 50 multi-nationals to Silicon Valley startups. He is also a Contributor to the Forbes CFO Network, where he shares his insights on issues facing chief financial officers and their teams.
Jack is frequently contacted by the media for his insights into business and strategic issues, and has been quoted by several prestigious publications including the Wall Street Journal, CFO Magazine, and has also been interviewed by Bloomberg, CNBC, CNN, and Fox Business Network..
Jack holds an MBA from MIT’s Sloan School of Management and is based out of Boston, MA, USA.
Key Quotes From the Episode:
[On typical CFOs a few decades ago] “a lot of times back in the olden days, CFOs became CFOs because they were the best accountants, the best at financial reporting. It wasn’t because of their leadership skills or their strategic thinking.” [08:16]
[On the credibility of CFOs] “And the other thing is, when you think about it, who’s the most trusted executive in a given company, and it’s almost always the CFO.” [09:00]
“[On the modern CFO mindset] she doesn’t think of herself as a financial executive. She thinks of herself as a cross-functional executive who happens to be a financial expert.” [12:17]
(Other resources and how to connect with Jack below).
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Key Points From the Episode:
– Jack shares his thoughts on how he thinks CFOs are doing today with the current challenges of a pandemic, climate change, economic turmoil, etc… and how this current crop are different to conventional CFOs.
– What are the right steps for a controller to become a CFO.
– What Jack meant by his Forbes article when he described the agile CFO, as innovative, collaborative, and visionary.
– Jack shares what most Rockstar CFOs are doing and the importance of ethical leadership
Stamped Show Notes
[03:50] – Jack shares his career journey from a conventional rise to CFO via public accounting and more lately into his role as founder and CEO of the CFO Leadership Council.
[06:32] – Ways in which we’re embracing that opportunity a bit more to connect with each other more virtually via CFO connect.
[09:00] – Jack shares his thoughts on how he thinks CFOs are doing today with the current challenges of a pandemic, climate change, economic turmoil, etc… and how this current crop are different to conventional CFOs.
[09:33] – What Jack meant by his Forbes article when he described the agile CFO, as innovative, collaborative, and visionary.
[11:15] – Jack shares what most Rockstar CFOs are doing and the importance of ethical leadership and creating a culture of ethical accountability.
[13:14] – What’s exciting Jack most about his current work around developing the first global community of CFOs. Include codes to attend the event
[16:00] – What are the right steps for a controller to become a CFO. Having a CFO who has a genuine interest in helping you succeed in your career. Having a mentor or coach, who doesn’t need necessarily to be an experienced finance person.
[21:00] – The best advice that Jack every received any why it’s important to regularly update your résumé.
[22:50] – Jack recommends some books and documentaries to check out.
[26:00] – Best way to connect with Jack.
[27:07] – Jack’s parting thoughts on embracing the process.
Website: CFO Leadership Council https://cfoleadershipcouncil.com/
Book: Secrets of Rockstar CFOs Paperback – January 1, 2019 by Jack McCullough (Author) https://www.amazon.com/Secrets-Rockstar-CFOs-Jack-McCullough/dp/1947821199
Book: The 80/20 CFO: How to Make Strategic Transformations in Your Company Paperback – 3 Dec. 2018 by Janice Berthold (Author), Suzy Taherian (Author) https://www.amazon.co.uk/80-20-CFO-Strategic-Transformations/dp/1790707870
Book: Extreme Ownership: How U.S. Navy Seals Lead and Win Hardcover – Illustrated, 13 Dec. 2017 by Jocko Willink (Author) https://www.amazon.co.uk/Extreme-Ownership-Jocko-Willink/dp/1250183863
Documentary: Apollo 13 (1995) https://www.imdb.com/title/tt0112384/
Connect with today’s guest:
Email : Jack@cfolc.com
Text : +1 (617) 678-0957