Interim Chief Financial Officers can make or break deals. CEOs, owners and boards of directors must make sure that they have capable and conscientious CFOs in place well before executing a transaction. Capable interim CFOs often pay for themselves in terms of implementing tighter financial controls, removing inefficiencies, receiving payments more promptly, obtaining less expensive financing, and negotiating better terms in the acquisitions of their client companies.
The following are among the issues discussed during this highly informative podcast:
- When should an interim CFO be hired?
- What criteria should a client use to select an interim CFO?
- How should an interim CFO be compensated? Do they get bonuses when the company is sold?
- Why should interim CFOs be good delegators?
- Why is it important that interim CFOs have relatively longstanding relationships with CEO?
- How can interim CFOs juggle multiple clients?
- Do interim CFOs carry their own liability insurance?
- What levels of authority-to-sign do interim CFOs have?
- In what unexpected ways can interim CFOs add value?
Guest Speaker: Earl Hopper is the President of Salt Trap Consulting. Earl’s professional background spans 40 years and includes general and financial management, general business and forensic consulting, auditing, and tax consulting. His corporate positions have included serving as an accountant, assistant treasurer, controller, general manager, chief operating officer, and chief financial officer.
Over the years, Earl has enjoyed the experience of working with diverse industries, such as newspaper publishing, public utilities, Fortune 500 technology, software development, litigation support, and an analytical laboratory. However, working with growing ventures, to assist in navigating the financial and management choices so important to the ultimate success of companies is what Earl finds most gratifying.