Bridgestar - An Initiative of the Bridgespan Group

• Transition to a Nonprofit
• Manage My Nonprofit Career
• Serve on a Board
• Recruit and Develop Leaders

|

The Impact of a CFO: Audio

Sometimes adding the right position and the right person at the right time can really help transform an organization. In the case of Rubicon Programs, Inc., hiring Kristen Growney into the newly created position of CFO did just that. To find out about the impact that hiring a CFO had on Rubicon, Bridgestar conducted in-depth interviews with key individuals, including President Rick Aubry and former Board Chair Erwin Reeves. In these audio clips, Aubry and Reeves discuss the decision-making process.

Time: 7min 24sec (click to play) Rick Aubry President, Rubicon Programs, Inc.		Time: 4min 30sec (click to play) Erwin Reeves Finance Committee Chair Rubicon Programs, Inc.
How does a nonprofit organization know it needs to hire a CFO for the first time? In this audio clip, Rick Aubry, President of Rubicon Programs, Inc., shares his experience in hiring his organization's first CFO and discusses how having a CFO has served to strengthen the overall organization.		Reaching consensus that a new senior level administration position should be created can be a difficult process for a board of directors. In this audio clip, Erwin Reeves, former Board Chair and current Finance Committee Chair of Rubicon Programs, Inc., describes the issues Rubicon's board wrestled with before deciding to hire a CFO for the first time and the benefits it has reaped since the hire.

 

 

This work by The Bridgespan Group is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Permissions beyond the scope of this license are available on Bridgespan's Terms and Conditions page.

 

Related Content

The Impact of a CFO: Profile of Rubicon Programs, Inc.
Sometimes adding the right position and the right person at the right time can really help transform an organization. In Rubicon’s case, hiring Kristen Growney as CFO did just that.

 

A New Seat at the Table: When Is It Time to Add to Your Senior Management Team? 
Most organizations reach a point in their growth when adding to their senior management team makes sense. But convincing stakeholders to spend significant money and perhaps to insert a new layer of management can be a challenge.

 

Finding the Right CFO for Your Organization
The key to finding the right CFO for your organization is to consider what qualities, skills, and experience will provide a good fit with the needs of your organization. We have identified practices that seem to increase the chances of finding the right person.