CFO THOUGHT LEADER

648: A Life Sciences Angler Casts a Sturdy Line | Bill Adams, CFO, NervGen Pharma


Listen Later

It’s a familiar sequence: A strong-minded investor musters the will to lead and steps into the CEO office determined to revitalize a struggling technology company and put it back on the growth track.

For Bill Adams, this swift turn of events occurred only a year into his first industry stint as a corporate controller—a career chapter, he recalls fondly, that included a devoted CFO mentor.

However, the company’s CFO and CEO had exited the firm just prior the investor’s arrival, and Adams found himself stepping into a finance leadership role. Although stressful, the circumstances swung open the door for Adams to not only oversee the finance function but also have the opportunity to play a more strategic role in the business.

In short, he would now be in lockstep with the new CEO as they together championed the latter’s strategic vision that would upend the tech company’s growing focus on software revenue and double down on hardware sales.

Or so the CEO believed.

“The challenge that I faced was that I didn’t agree with him,” explains Adams, whose in-depth knowledge of the business made him quietly question the new CEO’s big bet on hardware.

“The company was full-steam-ahead focusing on software and system development, and the hardware part had already become secondary,” adds Adams, who says that his broadened responsibilities within the company allowed him to reach out to different stakeholders and bring back “suggestions” to the CEO.

“Being able to talk to customers was extremely enlightening in terms of how to steer the company in the direction that it needed to go,” comments Adams, who says that at the time the company counted Boeing and General Dynamics among its largest customers.

According to Adams, the company’s strategy would continue to evolve as it lessened its hardware orientation and came to enjoy newfound success.

Even today, as Adams reflects on the circumstances that first advanced him into a CFO role, his sense of apprehension and excitement lingers:

“I was not yet 30 years old when I was thrust into the CFO role at a public company, not really knowing where I was going or what I was doing.” –Jack Sweeney

...more
View all episodesView all episodes
Download on the App Store

CFO THOUGHT LEADERBy The Future of Finance is Listening

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

122 ratings


More shows like CFO THOUGHT LEADER

View all
The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

177 Listeners

Masters in Business by Bloomberg

Masters in Business

2,168 Listeners

The McKinsey Podcast by McKinsey & Company

The McKinsey Podcast

378 Listeners

PwC's accounting podcast by PwC

PwC's accounting podcast

183 Listeners

Coaching for Leaders by Dave Stachowiak

Coaching for Leaders

1,456 Listeners

Accounting Best Practices with Steve Bragg by Steve Bragg

Accounting Best Practices with Steve Bragg

260 Listeners

The a16z Show by Andreessen Horowitz

The a16z Show

1,093 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

165 Listeners

The Accounting Podcast by Blake Oliver & David Leary

The Accounting Podcast

334 Listeners

Inside the Strategy Room by McKinsey & Company

Inside the Strategy Room

173 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,971 Listeners

CFO Weekly by Personiv

CFO Weekly

44 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

351 Listeners

Planning Aces by Brett Knowles & Jack Sweeney

Planning Aces

1 Listeners

HBR On Strategy by Harvard Business Review

HBR On Strategy

78 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

166 Listeners