Top 10 CFOs from Automotive – 2023

CFO from Automotive industry Leading the Way in Financial Services

Automotive industry: Automotive industry, all those companies and activities involved in the manufacture of motor vehicles, including most components, such as engines and bodies, but excluding tires, batteries, and fuel. The industry’s principal products are passenger automobiles and light trucks, including pickups, vans, and sport utility vehicles. Commercial vehicles, though important to the industry, are secondary. The design of modern automotive vehicles is discussed in the articles automobile, truck, bus, and motorcycle; automotive engines are described in gasoline engine and diesel engine.

Importance of CFO: The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors typically report into the CFO and FD is the level before reaching CFO. The CFO typically reports to the chief executive officer and the board of directors and may additionally have a seat on the board.

Significance of CFO from Automotive industry: The role of CFO in Automotive industry Oversees and directs treasury, budgeting, audit, tax, accounting, purchasing, real estate and insurance activities for the dealership. Works closely with the dealer on long-range planning, cash management and funds allocation.CFO maintains relationships with financial institutions on matters of lines of credit and funds management. They Analyzes, consolidates and directs all cost accounting procedures together with other statistical and routine reports and directs and analyzes studies of general economic, business and financial conditions and their impact on the dealership's policies and operations. And also Directs the controller in providing and managing the procedures and systems necessary to maintain proper records and to afford adequate accounting controls and services.

CEO Insights in this issue presents a list of ‘Top 10 CFO from Automotive - 2023' who have leveraged their extensive industry expertise and experience in offering effective skills to the market. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable knowledge.