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How CFOs Drive Strategy and Manage Uncertainty with Laurie Krebs, CFO at Red Hat
This episode features an interview with Laurie Krebs, CFO at Red Hat, the world’s leading provider of open source solutions, which was acquired by IBM in 2018 for $34B.
Laurie has spent 35 years in finance, serving in leadership roles for companies like KPMG, Nortel and Cree. While her specialty has been tax, Laurie’s focus is also how to empower people. And it’s her work on team building, D&I and retention that has helped support high-performance individuals drive the impressive growth of billion-dollar companies.
On this episode, Laurie discusses supporting other women in finance, developing a business continuity plan, and working to lead the world in the way of the hybrid cloud.
Quotes
*“In the last few years, the role of the CFO itself has shifted. We're now seen as an even more strategic role than we were a decade ago. We're evolving as a crucial part of helping organizations validate and execute our strategy, but at the same time, we're often seen as one of the first lines of defense in risk management.”
*“Data really helps propel companies forward and we can't live in a world without it today. It's how we track things. It’s how we see what's going off the rails. The more we can dive into the data, the more we understand the problem we’re trying to solve.”
*“It's also helpful to provide employees with highlighting the victory lap when things are working. It's always important to recognize success. As long as you don't get too complacent with it, that's where you get in trouble.”
*“I think one of the other interesting things on technology that we have learned over and over again is to make sure you put the processes in first that drive the result you want from the tool. So in other words, if you just put a tool in place without making sure you have the right processes, the right controls in place, um, then you might as well not put in the tools. So you always have to take the time and make sure that your own internal processes, education system, change management is all aligned to this wonderful tool that you're going to roll out. Otherwise it's not going to be successful.”
Time Stamps
*[0:28] Introducing Laurie Krebs, CFO at Red Hat
*[6:47] Red Hat’s journey to the hybrid cloud
*[8:43] Diversity initiatives
*[9:50] Starting the Women in Finance group
*[13:25] Cash Crossroads
*[20:53] Lessons learned from the pandemic
*[24:33] Considering a tech stack
*[26:03] The Playbook
*[33:12] Report from the Future
Sponsor
The Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.com
Links
Connect with Laurie on LinkedIn
Follow Laurie on Twitter
Connect with Daniel on LinkedIn
Follow Daniel on Twitter
View all episodes
By Kyriba
5
1616 ratings
This episode features an interview with Laurie Krebs, CFO at Red Hat, the world’s leading provider of open source solutions, which was acquired by IBM in 2018 for $34B.
Laurie has spent 35 years in finance, serving in leadership roles for companies like KPMG, Nortel and Cree. While her specialty has been tax, Laurie’s focus is also how to empower people. And it’s her work on team building, D&I and retention that has helped support high-performance individuals drive the impressive growth of billion-dollar companies.
On this episode, Laurie discusses supporting other women in finance, developing a business continuity plan, and working to lead the world in the way of the hybrid cloud.
Quotes
*“In the last few years, the role of the CFO itself has shifted. We're now seen as an even more strategic role than we were a decade ago. We're evolving as a crucial part of helping organizations validate and execute our strategy, but at the same time, we're often seen as one of the first lines of defense in risk management.”
*“Data really helps propel companies forward and we can't live in a world without it today. It's how we track things. It’s how we see what's going off the rails. The more we can dive into the data, the more we understand the problem we’re trying to solve.”
*“It's also helpful to provide employees with highlighting the victory lap when things are working. It's always important to recognize success. As long as you don't get too complacent with it, that's where you get in trouble.”
*“I think one of the other interesting things on technology that we have learned over and over again is to make sure you put the processes in first that drive the result you want from the tool. So in other words, if you just put a tool in place without making sure you have the right processes, the right controls in place, um, then you might as well not put in the tools. So you always have to take the time and make sure that your own internal processes, education system, change management is all aligned to this wonderful tool that you're going to roll out. Otherwise it's not going to be successful.”
Time Stamps
*[0:28] Introducing Laurie Krebs, CFO at Red Hat
*[6:47] Red Hat’s journey to the hybrid cloud
*[8:43] Diversity initiatives
*[9:50] Starting the Women in Finance group
*[13:25] Cash Crossroads
*[20:53] Lessons learned from the pandemic
*[24:33] Considering a tech stack
*[26:03] The Playbook
*[33:12] Report from the Future
Sponsor
The Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.com
Links
Connect with Laurie on LinkedIn
Follow Laurie on Twitter
Connect with Daniel on LinkedIn
Follow Daniel on Twitter