As the 32-year-old CFO of Brex, Adam Swiecicki has a professional narrative unpopulated by the tales of economic and business hijinks that many of our CFO guests share.
Instead, Swiecicki’s forward-looking delivery seems intent on making a clean break from the CFOs of the past, whose career lessons frequently have involved the same one or two finance constituencies.
“I just realized that there is a broad ecosystem of people whom Brex touches,” he observes, “and it’s really important that we keep all of them in mind.”
To Swiecicki, the phrase “stakeholder capitalism” has become much more than a buzzword du jour and indeed a guiding principle for the kickoff of his CFO career.
Having entered the CFO office from stints with investment banks and hedge funds, he realized quickly that he needed to make a “big change” when it came to his management mindset.
“I had heard about stakeholder capitalism, but I hadn’t really given it much thought until I stepped into the CFO role,” comments Swiecicki, who shortly after assuming the role of finance chief found himself engaging with not only investors and board members but also customers and employees.
“Historically, there has always been a view that shareholders and stakeholders are not aligned, but what I have come to realize is that they are very aligned when it comes to maximizing value for them both together,” reports Swiecicki.
Meanwhile, having spent more than a few hours over the past 9 months with company customers, Swiecicki seems intent on removing any doubt that such an alignment exists, particularly when it comes to serving Brex’s customers.
“The question that we like to think about is ‘What is the value that we’re creating for our customer?’—and this is really not so much a finance metric as it is a goal that the whole company can rally around,” remarks Swiecicki, who notes that executives from product management, engineering, and operations can now share the common goal of finding new value for the customer.
Once this value has been created, the ball is back in finance’s court, where the finance team must determine a pricing model hopefully appropriate to achieving an even better alignment of common goals.
Says Swiecicki: “From a pricing perspective, we want to extract some of this value for ourselves but ultimately deliver a lot of ROI for the companies that are buying our software products.” –Jack Sweeney