How the role of the CFO is evolving


CP Latina is the region's largest geothermal exploration and drilling company.

2nd April 2018

Interview with Miguel Ruíz Tapia, CFO, CP Latina

A CFO has one of the most multi-faceted jobs within a corporation, covering everything from the everyday operational aspects of running a multinationa,l to keeping an eye on technology developments and the potential impacts on business stemming from global political and economic issues.
To learn more about those impacts on the role of a Latin American multinational chief executive officer, we spoke with Miguel Ruíz Tapia, CFO  of CP Latina, the region’s largest geothermal exploration and drilling company.
In today’s changing markets and their effect on currencies, Mr. Ruiz believes there is one topic, functional currency, that CFOs in the region should put on their spotlight.
As technology and globalization rapidly bring changes in the corporate world, how would you describe the role of a Latin American CFO today?
Miguel Ruiz Tapia: First and foremost, we can’t leave aside the traditional aspects of the CFO’s job: operational efficiency, cost reductions, financing strategies, maintenance, corporate governance, and compliance.
Then comes the forward-looking aspect of the job. Long-term vision, what type of investments you want to make, sustainability plans you want to implement, growth strategy. These are all necessary if you want your company to be around in the long-term.
Something that’s very important to mention in terms of improvement, and something I see a lot in the region, is the concept of …

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