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Surveys Find Key Changes in the Role of the Pharmaceutical CFO
Date:3/25/2008

bout the surveys and Progressions

Ernst & Young conducted two surveys to focus on the challenges and expectations facing pharmaceutical CFOs and their organizations. For the global survey, the Economist Intelligence Unit, on behalf of Ernst & Young, conducted a survey of 95 C-suite (i.e., Chief Executive Officer, Chief Financial Officer, Chief Information Officer) and board level executives, including a significant number of CFOs. Respondents represented Western Europe (46%), Asia Pacific (22%), North America (19%), and other areas (15%). All respondents represented companies with at least US$1 billion in revenue; 49% represented companies with over US$10 billion in revenue. The interviews were carried out during September and October 2007.

The India survey, conducted by Ernst & Young, focused only on polling CFOs representing two groups: CFOs of India-headquartered pharmaceutical companies, and CFOs of India-based subsidiaries of multinational pharmaceutical companies. The CFO interviews were carried out in November and December 2007 and were evenly split between the two groups.

Findings are published in Progressions, the Ernst & Young bi-annual global pharmaceutical report presenting a collection of articles and viewpoints from pharmaceutical industry and Ernst & Young executives on key industry trends. To read more on the evolving role of the CFO and the transformation of the finance function in the latest issue of Progressions "Transforming Finance for Peak Performance: Part I," please contact sharon.knipper@ey.com to order a copy or visit http://www.ey.com/pharma for excerpts of articles.

Ernst & Young Global Pharmaceutical Center

The Global Pharmaceutical Center is the focal point of Ernst & Young's pharmaceutical practice. It serves as the central hub of a network of senior professionals providing quality assurance, tax, transaction, risk management and business advisory s
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