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Published on:

2nd Feb 2020

568: It's the Narrative that Matters | Lanny Baker, CFO, Eventbrite

CFOTL: What are your priorities as finance leader over the next 12 months?  CFOT:" Here at Eventbrite, my priorities are to bring focus and simplicity. We just went through our planning experience for 2020. We started with 12 different strategic initiatives, and I'm happy to say that eight of them wound up on the cutting room floor. We've got four that everybody is really focused on. These four initiatives had 20 subprojects, and these, too, have been dialed down to four. We're just bringing focus and clarity and simplicity. I teased the team in our flash report. On the 57th page, we put a little note which said that the first person to read the page and call Lanny Baker would get dinner at the restaurant of their choice. That was three months ago, and the phone still hasn't rung. This was just my way of showing the team that some of the complicated reporting that we were doing just wasn't making a difference. Nobody's looking at it, and that's why I'm trying to bring some simplicity and focus. All of this is in support of allowing the company to drive long-term growth. One of our priorities on the finance team is helping the company to accelerate growth, make the right decisions, pick the right priorities, make the right investments, track these, manage these, and get the payoff, which will be acceleration and sustainable long-term growth for the company. The other thing that I'm trying to do at this particular organization is to always put creators first. As we're developing metrics, as we're developing our financial measures, as we're thinking about our messaging to employees, to customers, to shareholders, and even to the board of directors, we want to make sure that everybody sees that this is a company with creators first. The metrics that we talk about start with creators, and that's helping us to focus. And this focus, I think, helps us to drive growth.

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CFO THOUGHT LEADER
CFO THOUGHT LEADER is a podcast featuring firsthand accounts of finance leaders who are driving change within their organizations.
We share the career journey of our spotlighted CFO guest: What do they struggle with? How do they persevere? What makes them successful CFOs? CFO THOUGHT LEADER is all about inspiring finance professionals to take a leadership leap. We know that by hearing about the successes — (and yes, also the failures) — of others, today’s CFOs can more confidently chart their own leadership paths across the enterprise and take inspired action.

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