More Strategy in the CFO’s Responsibilities
Jan Vrins is managing director and leader of Navigant's global energy practice.
Steve Mitnick is Editor-in-Chief of Public Utilities Fortnightly and author of the book “Lines Down: How We Pay, Use, Value Grid Electricity Amid the Storm.”
Bob Frenzel is CFO, Xcel Energy.
Marty Lyons is CFO, Ameren.
Drew Marsh is CFO, Entergy.
Being a CFO is not an easy job. A balancing act, some might call it, continuing to serve customers within an accelerated and changing energy landscape, where the business complexity has exponentially increased.
In part two of our roundtable discussion with the CFOs from Ameren, Entergy, and Xcel Energy, we discussed long-term climate risk and resiliency (how can we not?), as well as physical and cyber-attacks.
We heard from our CFOs on what keeps them up at night and what their organizations are doing to prepare for a broad set of potential incidents and threats. On a lighter, but intriguing note, we also asked our executives what it’s like to be a CFO of a very large utility.
Along with all of the changes occurring in the utility industry, the position of the CFO has significantly changed. CFOs now need to understand the impact and possibilities of new technology, changing policies and regulations, increasing climate and security risks, evolving customer needs, new products and services, changes in operations, and much more.
We hope you enjoy the open, frank, and behind-the-scenes insights from these CFOs, who are leading some of the largest utilities in the country!