How Treasury Builds Credibility with Boards and Rating Agencies
About this episode
The episode explores how treasury leaders build and sustain credibility with boards and rating agencies during significant financial transactions.
What does it take for a treasurer to earn - and protect - credibility with boards, rating agencies, and banking partners during billion-dollar transactions? In this episode, we explore how treasury leaders like Stephen Kaufhold , Vice President & Treasurer at Incyte , build trust when the stakes are highest. Stephen Kaufhold returns to the show, now serving as Vice President & Treasurer at Incyte . When he last appeared, he was SVP & Treasurer at Allergan, leading treasury through significant capital markets activity and transformation. Since then, he has continued to navigate change at scale, bringing experience across financial services, telecom, and pharmaceuticals. In this follow-up conversation, Stephen reflects on his transition from Allergan to Incyte and shares how treasury builds and sustains credibility during defining corporate moments. We discuss capital allocation in pharma, managing leverage through large-scale transactions, and staying strategically relevant in an evolving financial landscape. Stephen also outlines how treasury professionals can deliberately build the exposure, skills, and judgment required to lead at the highest levels - from rating…
Topics covered
- credibility with boards
- rating agencies
- capital allocation
- corporate transformation
- financial services
Keywords
- treasury
- credibility
- capital markets
- financial landscape
- corporate moments
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