Standard Life CFO on how she made it to top finance role
Jackie Hunt, chief financial officer of Standard Life
IDG News Service - Few people will tell you frankly -- and many would struggle to even acknowledge - their regrets, weaknesses or strengths, especially those sitting on the executive boards of the UK's top companies. But then Jackie Hunt, chief financial officer of FTSE 100 insurer Standard Life, is an exception in many senses.
One of her professional regrets she candidly tells CFO World is that she never gained experience outside the finance function. For a women who is one of only nine female CFOs in the FTSE 100 it's hard to reconcile that a lack of a stint in operations or marketing has held her back, but she so firmly believes in the experience that it forms a critical part of the company's talent development programme for finance staff launched 18 months ago.
"I didn't go it and regret it. I actively transfer people out of finance and second them," Hunt says.
Her resolve on this point is explicit. One of the failings she recognises in those in finance is their distance from customers. As a business that prides itself on customer service and staff development Hunt says it's vital for Standard Life to ensure finance teams gain some experience in customer-facing functions.
"It's so easy for the finance function to never come into contact with customers," she says.
Another reason for encouraging secondments outside of the finance department is to broaden individual's horizons not just professionally but personally as well. "Finance people are genuinely nice people but the flip side of that is that they don't like confrontation." Again, Hunt doesn't strike you as someone who's afraid of confrontation.
As a foreigner on these shores -- she's South African -- the finance chief also promotes the benefits of overseas experience and actively encourages a foreign secondment among her 1,300-strong global finance team. And the earlier the better she says.
"We encourage people to get experiences in new markets and new geographies early in their career. It's important to learn cultural sensitivities and self-awareness. And an ability to realise that there are other points of view.
"We say early for pragmatic reasons because as people get older their work life balance is more difficult and they have more commitments," she adds.
As for her strengths, she is happy to promote them and urges women to do the same. Explaining the lack of female CFOs among FTSE companies, Hunt says it's down to her willingness to take risks where others may have been more cautious. And her decision to highlight her strengths -- something she learnt the value of early in her career.
Crafty hackers hack craft stores -- again.
Michaels Stores (NYSE:MIK) has finally confirmed the details of the point-of-sale hack revealed in January. It's unclear what's taken them so long -- the company claims the hack was "highly sophisticated," but everyone uses a blah-blah phrase like that.
Your humble blogwatcher notes that the problem persisted for more than a month after the news first broke. smh.
In IT Blogwatch, bloggers are aghast that, for the second time, the company's POS was hacked -- lasting almost nine months.
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