Best backgrounds when choosing a new CEO
Post date: Aug 28, 2020 5:41:34 PM
Anyone with the right set of requirements can become a CEO. Depending on the company an applicant is applying for and their experience, they may be seen as high-value applicants by HR seeking a new CEO for their new company. Of course, different backgrounds have different perks. A financial company may look for someone with a finance background, but having a degree in law and specializing in corporate law doesn’t hurt one’s chances. According to Ram Chary Everi, here are some of the best backgrounds when choosing a new CEO. Finance: Having a finance background for a CEO is advantageous for several reasons. Firstly, you almost always have a grasp of your company’s finances and can read the numbers properly. Your financial proficiency can help make better decisions while minimizing risks.
Law: Specific law backgrounds like corporate or business law, intellectual property law, and international law have a place in the highest seat of a company. From data gathered, companies with CEOs who have a background in law often experience less litigation, which can save the company hundreds of thousands of dollars each year. Marketing: The world of marketing is all about knowing how the consumer world works, what it wants, where the market is going, and what opportunities can lead to further growth. A CEO with a marketing background often has grand visions for the company and resorts to creative means to achieve their goals for the company. Business: Lastly, having a business background is often the basic requirement for one to become a CEO. According to Ram Chary Everi, reviewing one’s dealings and how an applicant handled past companies will reflect how they will be able to impact the company they are applying for as a CEO.
Ram Chary Everi has a degree in economics from the University of Colorado and a master’s in finance and operations management from the Krannert School of Management at Purdue University. He has held various leadership positions for several companies. For similar reads, visit this website.