Executive Education

The Executive Program for Prospective CFOs

Prepare for the top role in finance—sharpen analytical skills, build strategic leadership and communication skills, manage the changing regulatory environment, and broaden your experience.

The role of financial leaders today has evolved beyond strictly crunching numbers. Finance officers must be strategic leaders, effective communicators, and risk managers. Chicago Booth has assembled an interdisciplinary team of faculty from the fields of economics, finance, accounting, strategy, and leadership to create The Executive Program for Prospective CFOs.

Led by Professor Randall Kroszner, the Norman R. Bobins Professor of Economics and former Governor of the Federal Reserve System, this program draws upon Booth’s global expertise in finance and strong focus on economic research to address the most pressing issues facing senior finance executives today. The program also includes keynotes from distinguished practitioners who describe how they have managed strategic challenges in their organizations.

Keynote speaker for 2016: Ray Young ('86), Executive Vice President and Chief Financial Officer, Archer Daniels Midland Company (ADM)

In a fireside chat with Professor Randy Kroszner, Ray Young will share key challenges he has faced, "things he wished he had known" before becoming CFO, and how the CFO role has evolved over time. At ADM, he oversees the company's treasury, tax, accounting, investor relations, financial planning, business development, and information technology functions as well as the captive insurance and ADM Investor Services organizations. Young is also responsible for strategic oversight of ADM's business in Asia.

During this program, you will:

  • Identify attributes needed for a high-performance environment.
  • Articulate the corporate message internally and externally.
  • Learn measurement tool—Economic Value Added (EVA®).
  • Analyze patterns in strategic thinking to identify a growth path.
  • Evaluate portfolios to inform strategic decision making.
  • Develop a strategic plan for M&A execution and implementation.
  • Analyze the sources of financial fragility and regulatory responses.

“My goal as faculty director is to make this the premier program for senior finance executives who want to sharpen analytics, build strategic leadership and communication skills, manage the changing regulatory environment, and broaden their experience to benefit their companies and individual careers. I hope to attract a select group of executives who will become the next generation of leaders in finance and who will continue to benefit from this high-caliber network long after the program is over.”

– Randall Kroszner, Faculty Director

Chicago Booth, Gleacher Center, Chicago IL

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Randall S. Kroszner

Norman R. Bobins Professor of Economics

Randall S. Kroszner served as a Governor of the Federal Reserve System from March 2006 until January 2009. During his time as a member of the Federal Reserve Board, he chaired the committee on Supervision and Regulation of Banking Institutions and the committee on Consumer and Community Affairs.

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Robert H. Gertner

Joel F. Gemunder Professor of Strategy and Finance

Robert Gertner is the Joel F. Gemunder Professor of Strategy and Finance at The University of Chicago Booth School of Business. He has been on the faculty since 1986. Professor Gertner is also a Faculty Director of Chicago Booth’s Social Enterprise Initiative. His research focuses on issues in strategic decision-making, corporate finance, organization structure, theory of the firm, and social enterprises.

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Christian Leuz

Joseph Sondheimer Professor of International Economics, Finance and Accounting

Christian Leuz is the Joseph Sondheimer Professor of International Economics, Finance and Accounting at the University of Chicago's Booth School of Business. He is also a Co-Director of the Initiative on Global Markets, a Research Associate at the National Bureau of Economic Research and at the European Corporate Governance Institute and a Fellow at Wharton's Financial Institution Center, Goethe Universität Frankfurt's Center for Financial Studies, and the CESifo Research Network.

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Kevin F. Rock

Clinical Professor of Finance

Kevin Rock joined the faculty of the University of Chicago Booth School of Business in 2004. Prior to his appointment, he taught courses in corporate finance and mergers and acquisitions at MIT’s Sloan School of Management where he was named Teacher of the Year in 2003, 2000, and 1996.

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James E. Schrager

Clinical Professor of Entrepreneurship and Strategic Management

Jim Schrager is the Faculty Director for the Chicago Management Institute and the Advanced Strategy Program, teaching courses in new venture and corporate strategy to MBA students and executives at the University of Chicago Booth School of Business. He was awarded Chicago’s Emory Williams Teaching Award in 1996, 2001, and 2007.

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Douglas J. Skinner

Eric J. Gleacher Distinguished Service Professor of Accounting

Douglas Skinner is a leading expert in corporate disclosure practices, corporate financial reporting, and corporate finance, with a focus on payout policy.

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Susan Lucia Annunzio

President and Chief Executive Officer

Susan Lucia Annunzio is President and Chief Executive Officer of The Center for High Performance (CfHP). She is a strategic advisor to CEOs of leading global companies on strategy attainment and business transformation.

I believe that this course is a must for those individuals seeking to become CFOs. The course content and professors at Chicago Booth really help to open your mind to new concepts and ideas. I come away from the course armed with 'gems' that I can apply from day 1 in my current role.

- Elliott Wood, Finance & Planning Leader, IBM Latin America

Excellent, well-rounded, well-structured program. More finance executives should take this.

- Mayank Agrawal, Softward Group CFO, IBM India/South Asia

The program is great. I revisited some of the key concepts important to my role on an updated format. And also had the opportunity to learn from others' experiences.

- Carlos Montenegro, Head of Planning and Finance, Sao Carlos Empreendimentos

Excellent course! Great instructors who communicated their messages clearly and with purpose. I would highly recommend this course.

- Robert Rusch, Director – Finance and Accounting, American Transmission Co.

Great content and professors. Engagement with peers provided many opportunities for learning.

– Yolanda Daniel, VP Finance, W.W. Grainger, Inc.

I think the program is a success and fills a gap in the market. The international experience in the room enhanced the content and learning experience.

– David Gillespie, General Manager, Planning, Investment, and Funding, Jemena Ltd.

I truly enjoyed the program and believe it will be very successful. It was my first experience at the University of Chicago and will definitely not be my last one.

– Randy Ahuja, Managing Director, Verto Partners LLC

The distinguished faculty at Booth provided the depth and variety of perspectives and frameworks which will help future CFO's in how they think about the organizational, strategic, and financial management of their firms, through good times and bad.

- Abu Zeya, Finance Director, Halliburton

The program was very well designed. Topics were relevant to my current position as well as useful in my continued growth toward my next position.

– Todd Bryant, Vice President, Controller, RLI

This program generates opportunities to develop new skills and improve the capability to integrate a global finance view to create value.

- Orlando Gutierrez, Operations & Finance Manager, Corporate Boards, The Kroger Co.

This was a great program offering solid balance of theory and application. The focus on strategy throughout the program was excellent to focus on the 'how' you apply the learning in real life.

- John Murphy, Sr. VP, Chief Accounting Officer & Controller, DIRECTV

This program is designed for senior finance executives–including CFOs, deputy CFOs, treasurers, senior VPs, and finance directors–whose goal is to become strategic financial leaders and CFOs. Applicants should have significant experience in upper-level management or finance. This program will be valuable to executives from all industries and companies of all sizes from around the globe.

Applicants should have significant experience in upper-level management or finance.

Program Outline

High-Performance Leadership

  • Understand the role of a leader and learn which attributes are most critical to creating high-performance environments

Straight Talk in Tough Times

  • Learn how to get your message across to stakeholders and media

Performance Measurement

  • EVA® (Economic Value Added) performance measurement tool

Financing Strategy

  • Set and adjust priorities, manage cash flow, and target a sustainable growth rate
  • Choose an optimal capital structure

Strategy Formulation and Implementation 

  • Developing simple tools that can be used when creating strategies
  • Apply this strategy framework to identify a logical path for growth

Strategic Risk Management and Financial Fragility

  • Analyze the sources of financial fragility and regulatory
  • Learn the components of effective risk management

Strategic Capital Allocation and Portfolio Management

  • The role of the CFO in strategic investment decisions
  • Evaluate and improve capital allocation processes
  • Build financial models to support strategic decision-making

Evaluating Global Investments and the Cost of Capital

  • Adapt capital budgeting to global opportunities
  • Assess global risks and compute the cost of capital

Strategic Communications Management

  • Manage investor base and quarterly earnings releases
  • Payout policy and signaling: dividends and repurchases

Acquisition Strategies and Merger Implementation

  • The M&A process: strategy, valuation, and execution

Upcoming Courses

Date Fee  
May 22 - 26, 2017 $10,800 Register Now »

Fee does not include accommodations.
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