The Latest

  • Sonos interim CFO Eddie Lazarus
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    Sonos CFO departs for Taser-maker Axon

    CFO Brittany Bagley exits Sonos following disappointing fiscal third quarter revenue results, with the speaker company partially blaming inflation for a lackluster quarter.

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    Société Générale exec pivots to eFuels CFO

    Société Générale Managing Director Roberto Simon took on the CFO seat for eFuels company HIF Global as the company consolidates plans to help “decarbonize” 5 million cars.

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    Venture lenders offer CFOs a pricey lifeline

    Venture debt remains an option for companies that have seen a number of financing paths narrow amid global economic turmoil.

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    Inflation slows but probably not enough to deter Fed tightening

    Central bank officials say they need to see consistent signs that price pressures are falling toward their 2% target before they declare victory against inflation.

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    Bankrupt Revlon to pay $165,000 monthly for interim CFO

    Alvarez & Marsal Managing Director Matt Kvarda will step in as interim CFO for beauty brand Revlon as it goes through corporate restructuring, with the consulting firm reaping a $165,000 monthly fee.

  • Van in traffic with the Brink's Company logo. Brink's Company is an American private security and protection company
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    Photo illustration by Elizabeth Flood/CFO Dive; photograph by Cristi Croitoru via Getty Images

    Brink’s taps Eaton, PwC veteran as CFO

    The Brink's Company, know for its iconic trucks that transport cash, has tapped a new CFO as its long-time finance chief prepares to retire. 

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    IFF CFO sees ‘meaningful’ cost increases next year

    International Flavors & Fragrances CFO said the ingredient maker is rethinking contracts as part of its effort to combat inflation. 

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    AMC Networks promotes CFO to CEO, names new finance chief

    Patrick O’Connell is joining AMC as CFO while the current finance chief moves up the ladder.

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    Tanger REIT continues CFO hunt, highlights ESG

    Two months after announcing the abrupt departure of James Williams, Tanger REIT is continuing its CFO search. 

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    Inflation anxiety hits highest level since 1979: NFIB

    Small businesses flagged several reasons for pessimism beyond price pressures, including a tight labor market and crimped supply chains, NFIB found in a survey.

  • Man walks past Softbank mobile store
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    Plummeting tech valuations lead to record $23B SoftBank loss

    The slump in global technology stocks, rising inflation and a weaker yen led Japanese bank SoftBank to report a record $23 billion loss.

  • Cryptocurrency
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    Crypto miner Mawson’s CFO resigns

    Finance chief Hetal Majithia is exiting the company roughly one year after taking the CFO seat.

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    Companies reporting weak earnings go unpunished

    Several CFOs have announced disappointing second-quarter earnings while not triggering a decline in their company’s share price, FactSet said.

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    Bankrupt Celsius pulls bid to hire ex-CFO

    Cryptocurrency firm Celsius pulls motion to tap its former CFO as a bankruptcy advisor following legal objections filed from investors.

  • Technologist shows two customers how to use enterprise software at desktop computer
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    CFOs to boost IT, tech budgets in face of inflation: Gartner

    Forty percent of CFOs are planning to hike up IT spending in the next 12 months, with many seeking to tap automation to collect key financial insights.  

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    ‘Hot’ job gains bolster case for aggressive Fed tightening: economists

    Payrolls grew last month at more than twice the consensus forecast, belying concerns that the U.S. economy is in recession.

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    Tapestry Inc. CFO to serve hybrid COO role

    Tapestry CFO Scott Roe will also take on the company’s COO role, the latest in a line of CFOs who are taking on additional responsibilities.

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    Just 9% of finance departments have primary ESG oversight: survey

    Evidence of loose internal controls related to environmental, social and governance (ESG) data comes as the potential cost of companies getting ESG reporting wrong are rising. 

  • Rear view personal perspective of diverse executive team video conferencing with male CEO and discussing data.
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    Payments companies swap out CFOs

    Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them.

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    Remittance company MoneyGram appoints new CFO

    Brian Johnson enters the role in the wake of a pending acquisition and litigation with the CFPB.

  • WeWork To Adjust Corporate Governance, Valuation Ahead Of IPO
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    WeWork plans to raise rates in stronger markets

    CFOs are wrestling with how much to spend on office real estate as the shift to hybrid work has accelerated.  

  • Securities and Exchange Commission, SEC, Building in Washington DC
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    SEC should require global tax disclosure: transparency group

    Spotty public disclosure by U.S. companies on foreign tax risk may erode investor confidence and increase the odds of financial market instability, according to the FACT Coalition.

  • Cryptocurrency tokens lying next to a gavel
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    Bankrupt Celsius, investors clash over former CFO advisory role, allege double dipping

    Investors are taking steps to block Celsius from tapping former CFO Rod Bolger as a bankruptcy advisor, a bid that comes with a costly $92,000 monthly price tag for the insolvent company.

  • Two construction workers in reflective vests and blue hard hats stand on scaffolding.
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    CFOs facing tight labor market revise pay, reward plans

    Companies are shifting how they attract employees as many “help wanted” signs go unanswered, Willis Towers Watson said.

  • A man looks at lines of code depicted on a computer screen
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    Presidio names former IQVIA, S&P exec as new CFO

    Manny Korakis is joining Presidio as it has benefited from a surge in demand for IT services during the pandemic.