Coworking is a weekly segment where we talk to CFOs and others in the finance space about their experiences, their companies, and the larger economy. Let us know if you are—or you know—a CFO we should interview.
Tom Hood is EVP of engagement and business growth for the Association of International Certified Professional Accountants (AICPA) and Chartered Institute of Management Accountants (CIMA), and CEO and founder of the Business Learning Institute.
This interview has been lightly edited for length and clarity.
How did you find yourself leading a finance industry-driven organization of finance industry leaders?
First off, it’s a lot of fun. It’s just been a blessing. I’m a CPA, by background with the CGMA. I spent the first 15–20 years in a role in business and industry. I started out with an architecture firm that went into highway construction. I was a CFO there, and then moved into the association world for the Maryland Association of CPAs and then got recruited by AICPA-CIMA two years ago to take on this role and connect with all of the major senior finance people in the Americas.
What’s that transition from industry to association been like for you?
It’s interesting because it’s not that different from what a CFO does. When I went from CFO to CEO, a lot of the [work stayed] the same. Understanding the numbers is probably the biggest advantage of moving into a nonprofit—especially being able to understand what the numbers ultimately mean—and then it’s about building the network so it’s fun.
So it seems you’ve undergone a similar transition that many of your members have moving from the traditional back-office work of a CFO to the front-facing work of a 21st century CFO, or in your case, a CEO?
Yeah, I like to say that, as a CFO, anything that wasn’t sales or operations ultimately landed on the CFO’s plate, including things like community relations and citing asphalt plants, especially in neighborhoods where they were fighting us on those thing. It’s been that way for quite awhile and, in the current environment, it’s accelerated into a more strategic role leading to more CFOs being recruited into the CEO role. Keep reading here.—LR