Douglas Bettinger, Executive Vice President & Chief Financial Officer, Lam Research Corporation
Strengthening Treasury's Role As A Business Enabler
- In a large enterprise, executive leadership thinks a great deal about the balance sheet, while line-of-business managers
focus more on P&L. - Identify partnership opportunities that involve using the balance sheet to enable business, and then work to accomplish three or four of those tasks per quarter.
“At the highest level, treasury’s role is to optimize cash generation in a way that maximizes the value.”
“At the highest level,” explains Douglas Bettinger, executive vice president and chief financial officer of Lam Research, “treasury’s role is to optimize cash generation in a way that maximizes the value of the company.” In a large enterprise, executive leadership thinks a great deal about the balance sheet, while line-of-business managers focus more on profit and loss (P&L). “I plug my treasury people into areas of the business that need more attention on cash generation.” In this way, treasury can sensibly use the balance sheet in ways that enable new, profitable business activity.
This is an excerpt from The CFO Perspective – The Strategic Value of Treasury. The eBook was generously sponsored by Kyriba.
