Excerpt from “CFO Searches Drag On as Demand Takes Off” in the Wall Street Journal, February 8, 2016
Some businesses have lost prime contenders for the finance chief job by waiting too long to make an offer. One industrial company started a CFO search in spring 2015 and identified two finalists late last year. But key decision makers at the company disagreed “over what they really wanted,’’ and their front-runner accepted a job elsewhere, says Samuel Dergel, a recruiter at Stanton Chase, where a colleague handled that hunt.
Company officials “were unhappy that they weren’t able to secure the most appropriate candidate for the role,’’ he added. The company hired the runner-up instead.