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0 0 0.0017091361093847 0.00182566811684287 0.00111171535114981 0.00314636420136732 -0.00353480422622735 -0.0132069608452455
Stock impact report

Why having a chief accounting officer is a secret weapon for CFOs — extending their tenure and making it more likely they'll become CEO By Sheryl Estrada Senior Writer and author of CFO Da...

AeroVironment, Inc. (AVAV) 
Last aerovironment, inc. earnings: 3/3 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.avinc.com/investor-relations
CFOs who delegate financial reporting to a strong chief accounting officer are significantly more likely to stay in their roles—and more likely to eventually become a CEO. The new research finding is part of a study co-authored by Adrienne Rhodes, an assistant professor of accounting at the University of Iowa's Tippie College of Business. The paper, “Delegation and Chief Financial Officer Retention: Evidence from Chief Accounting Officers on the Executive Team,” published in Management Science , examines what prevents CFO turnover and how delegation shapes executive career paths. When CFOs shift accounting responsibilities to a chief accounting officer (CAO) who sits on the executive team, they are not only less likely to leave but also less likely to make lateral CFO moves. Instead, they are more likely to advance to the CEO role. “A chief financial officer who aspires to be a CEO needs experience in strategy and investor-facing tasks,” Rhodes told me. Delegating financial rep Show less Read more
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