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More CFOs Are Getting the CEO’s Job
Beth Kowitt on what’s behind that trend.
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When copper miner Freeport-McMoRan Inc. instituted what one analyst described as an “extreme austerity approach” during the pandemic, Chief Financial Officer Kathleen Quirk helped slash capital expenses by almost 30%. Over at DuPont, CFO Lori Koch was tasked by the board with regaining the trust of investors and “restoring operational discipline.” As the top finance exec at Newell Brands Inc., the company behind Sharpie and Elmer’s glue, Christopher Peterson drastically scaled back product variety to lower costs.
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