The Latest
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FleetCor taps insider interim after CFO resigns
CFO seat turnovers are coming at a brisk pace as finance chiefs face an increasingly potent mix of pressures, said executive search expert Josh Crist.
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SEC committee calls for FASB reform
FASB’s slow rule-making process can have negative consequences for investors and financial executives, the SEC’s report asserts.
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YETI CFO resigns following lukewarm earnings
Paul Carbone, who took the company public during his first year as CFO, is departing to pursue another venture closer to family after four years in the role.
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US faces risk of long stagflation struggle: Moody’s
The odds of recession will rise if inflation fails to steadily fall toward the Federal Reserve’s 2% target, according to Moody’s Analytics.
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CFO of bankrupt Voyager resigns after five-month stretch
The CFO of the cryptocurrency exchange is resigning after just five months on the job as the company finalizes its bankruptcy.
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Dentsply taps new CFO after shaking up Moderna
Dentsply’s disclosure in May of an internal probe into its use of incentives led to the swift departure of its former CFO Jorge Gomez from Moderna after only one day on the job.
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Courtesy of Chobani
Chobani names permanent CFO, revitalizes IPO talks
The company’s former CFO departed in June after another delay in IPO plans.
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Burberry CFO to leave in second C-suite switch
Burberry CFO and Chief Operating Officer Julie Brown will step down after a six-year term, the second top executive shakeup at the luxury brand in the past year.
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Boeing to pay $200M to settle SEC charges regarding 737 MAX
Boeing is showing signs of recovery from the 737 MAX debacle, with top executives saying that the plane maker this year will achieve positive free cash flow on an annual basis for the first time since 2018.
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Courtesy of ADM
ADM CFO sees ag giant’s pivot paying off in profits, crucial food security
Vikram Luthar, appointed CFO of Archer-Daniels-Midland in April, gained a keen awareness of the value of affordable healthy food growing up in India.
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Companies mull benefits of interim CFOs
Interim CFOs can cut through politics to help navigate companies through murky waters, experts say.
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CFOs continue talent retention battle
Despite finance chiefs’ efforts to streamline the work of finance departments, only 20% saw talent retention as an ensuing benefit, Deloitte’s Q3 Signals Survey said.
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Fed redoubles inflation fight, raising main rate 75 basis points
Fed officials raised their projections for inflation and unemployment while marking down their forecasts for economic growth.
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Visa CFO eyes B2B, remittances for growth
Visa is eyeing certain portions of the B2B market for near-term growth, the company’s chief financial officer said during a conference last week. It’s also building out its network for remittances.
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Nearly half of CFOs ditching just-in-time supply chains: Study
Cybersecurity, emerging technologies and inflation also remain top priorities for CFOs over the next 12 months as they look to navigate a challenging economic environment.
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CFOs need to prep for healthcare’s lagging inflation
Healthcare costs are expected to jump 6.0% next year. CFOs must prepare accordingly, advises WTW’s Tim Stawicki.
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FASB LIBOR relief draws support, deadline nears
The proposal would extend accounting relief for another two years to borrowers switching LIBOR-linked loans to new benchmarks.
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Fed tightening deepens housing recession
Record home prices, mounting construction costs and a Fed-spurred rise in mortgage rates have worsened a downturn in housing, homebuilders said.
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SEC presses for economic risk disclosures
The SEC’s focus on disclosures related to turbulence in the economy comes as the agency pushes companies to disclose more about executive pay.
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Citi alum takes on permanent CFO role for Tanger REIT
The REIT appointed Citi managing director Michael Bilerman to its top financial seat three months after ousting its previous CFO, a 28-year veteran of the company.
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Reputation’s new CFO says scenario planning is key
Seasoned SaaS financial leader Marc Linden says CFOs need to prepare for macroeconomic turbulence.
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Suspended Ammo CSO protests ‘misleading claims’ as board skirmish continues
Ammunitions manufacturer Ammo Inc. and its top shareholder, Urvan Group, are continuing to tussle over its future leadership as suspended executives protest ‘misleading claims.’
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CFOs see hiring woes persisting into 2023: Gartner
Hiring and retaining workers, forecasting and cost-cutting are the top three most difficult tasks on CFOs’ to-do lists over the next 12 months, according to a recent Gartner survey.
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Most CFOs say controllership not ready for digital future
Financial executives said controllers are not fully equipped to take on a bigger role in strategic planning, according to a survey by Deloitte and the Institute of Management Accountants.
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Emmi Group poaches CFO from Calida Group
The dairy producer appointed Sacha D. Gerber as CFO. Gerber plans to leave the top financial position at luxury underwear company Calida Group.
