BusinessCompany NewsFDs make bad chief execs

FDs make bad chief execs

Chairman of soon-to-be-floated Sports Direct voices doubts about FDs who go on to take the top job

Finance directors do not make good chief executives, the former FD of
Whitbread and chairman of
Sports Direct has said.

David Richardson, the chairman of the soon-to-be-floated group, made the
comments in an interview with
The
Sunday Times
.

Referring to his own reluctance to go for the top job at Whitbread,
Richardson said: ‘I don’t feel finance directors make good chief executives and
I didn’t want to do it.’

FDs often aspire to the top job, and many FTSE100 chief executives are former
accountants.

Richardson himself trained as an accountant, working for Touche Ross at one
stage.

The Sports Direct flotation is set to be one of the most high-profile IPOs of
the year, with founder Mike Ashley set to pocket a fortune when it floats.

Further Reading

Read
the Sunday Times interview

Standard Chartered FD lands
chief exec role

Profile: Helen Weir, group FD
of Lloyds TSB

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor