Lithuanian Corporate Finance Conference 2016: Kristina Vaivadaite discusses the changing role of the CFO
Vilnius, Lithuania – Kristina Vaivadaite, Country Manager for Lithuania at Pedersen & Partners, joined other top leaders from some of the most important business players on the Lithuanian market for the 2016 edition of the Corporate Finance Conference.
This year’s main discussions and debates were focused on the macroeconomic trends of the global economy and their associated impact on the Lithuanian market. The topics included financial and tax planning for the year 2016, trends and ERP (enterprise resource planning), and the expectations that CEOs have for the present and future competencies of their CFOs.
“I have observed that the function of the CFO as a financial gatekeeper goes far beyond numbers and analytics. Many CFOs have found themselves fully involved in guiding the top management to make far-reaching strategic decisions. Nowadays we are seeing marked changes in the role of the CFO, with open-minded managers viewing their financial experts as genuine business partners. Of course, we are speaking here about the elite and talented CFOs who bring more than direct know-how and capabilities to the table. A top CFO is also dedicated to the company’s values, and can meet its standards and undertake the complex task of communicating throughout all levels of the business,” Ms. Vaivadaite stated.
An impressive array of top-level corporate executives took part in the “CEOs on CFOs: What are the expectations and future competencies?” panel: Eladijus Kirijanovas, President of the Financial Analyst Association of Lithuania; Arvydas Avulis, Chairman of the Board at Hanner; Dalius Misiunas, GM and Chairman of the Board at Lietuvos Energija; Kestutis Sliuzas, GM at TEO LT, part of TeliaSonera Group, and Kristina Vaivadaite, Country Manager for Lithuania at Pedersen & Partners. The panel members also had the opportunity to share successful corporate financial management best practices and predict future trends.
“Of course, choosing the right CFO in Lithuania can sometimes be a difficult process, especially when the CEO and the board members expect the new CFO to analyse, predict and act for the future company’s growth from day one. We concluded that the major competencies for a CFO are agility, capability, flexibility, adaptability and strong people management skills. When a business selects and appoints the right CFO, these skills will pave the way for continuous modernisation of the business,” concluded Ms. Vaivadaite.
Pedersen & Partners is one of the fastest-growing, fully integrated Executive Search firms worldwide; it is 100% owned by its partners who all work full-time to serve its clients. The firm celebrated its 15th anniversary in January 2016, and to mark this occasion, it has created a timeline web page, featuring key milestones for the firm’s development and has released an anniversary video.
Kristina Vaivadaite is a Client Partner and the Country Manager for Lithuania at Pedersen & Partners. Ms. Vaivadaite has more than 15 years of Executive Search experience, having completed over 500 senior level search assignments in Consumer Goods, Industrial, Pharmaceutical, Technology and Professional Services sectors in the Baltic countries, Scandinavia, CEE and Asia. Prior to joining Pedersen & Partners, Ms. Vaivadaite led the Lithuanian operations of a regional Executive Search company and also provided HR consulting services to local and international clients.
Pedersen & Partners is a leading international Executive Search firm. We operate 56 wholly owned offices in 52 countries across Europe, the Middle East, Africa, Asia & the Americas. Our values Trust, Relationship and Professionalism apply to our interaction with clients as well as executives. More information about Pedersen & Partners is available at www.pedersenandpartners.com