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High inflation persists, bolstering case for forceful Fed tightening

Price gains during August for rent and other services exceeded forecasts, eroding hopes that the Federal Reserve will slow its campaign to curb demand.

SoundHound CFO keeps focus on growth, profitability as inflationary pressures loom

The voice-enabled AI and former Nike CFO is chartering a path to profitability even as economic uncertainties continue to plague financial heads across industries.

Peloton co-founders exit amid operational, accounting headwinds

The resignations come roughly two weeks after Peloton announced it was delaying its 10-K filing because it needed more time to complete fourth-quarter accounting and disclosures related to impairment charges.

Zipline snags ex-Tesla, Verily CFO

Deepak Ahuja, a CFO whose resume includes Verily Life Sciences and Tesla, will become the first chief business and financial officer for the drone delivery manufacturer as it consolidates plans to globally scale.

Intercompany ops: more than zero-sum game

For CFOs of growing companies, intercompany operations have increasing implications that extend across accounting, finance, tax, and treasury departments.

New Lynx CFO plans for company growth

Amanda Blum is stepping into her first CFO role with an eye toward growth.

Base pay comprises as little as 37% of startup exec comp

While median executive compensation rose 8.5% in 2021, many C-suite pay packages lack structural protections needed in volatile markets. 

Spendesk CFO to prioritize hiring

Spend management solutions provider Spendesk tapped Julien Lafouge, a BlaBla Car alum, as its group CFO as it consolidates its European expansion plans.   

Recession likely in 2023, Fitch says

Cuts to estimates for earnings growth underscore the growing risk of a U.S. downturn next year, Fitch Ratings said.

Twenty-year Capital One Auto Finance vet pivots to Prestige Financial CFO role

Pepo Tsvetanov, an almost 20-year veteran of Capital One Auto Finance, will pivot to the top financial seat for auto financing  provider Prestige Financial.

FASB to consider tweaking lease accounting guidance

Lease accounting is one of three major standards currently undergoing post-implementation reviews, according to FASB spokesperson Christine Klimek.

Shopify taps Morgan Stanley exec as CFO

The e-commerce giant’s leadership shakeup comes two months after Shopify announced it was slashing its workforce by 10%.

ESG ratings firms show ‘significant shortcomings’: study

ESG ratings providers, while gaining from rising demand for their assessments, are unreliable in gauging risk and return, Stanford University researchers said.

Earnings Outlook: Homebuilder CFOs battle inflated material, labor costs

Homebuilders report steady, but uneasy quarterly results as inflation pushes up costs of material, labor and home prices.

Gensler: securities laws cover ‘vast majority’ of crypto tokens

The SEC’s Gary Gensler signaled he would cooperate with the Commodity Futures Trading Commission to the extent that “it needs greater authorities with which to oversee and regulate crypto non-security tokens.”

AT&T CFO says demand still ‘solid’ post price hike

Despite “reduced visibility” into economic trends going into next year due to the current macroeconomic environment, Desroches expects improved cash conversions in 2023.

B2B veteran named CFO of XPO Logistics’ spin-off

Following the spin-off, RXO will be the third-largest provider of domestic and cross-border less-than-truckload freight shipping.

Bed Bath & Beyond leadership gap a board ‘wake-up call’

Bed Bath & Beyond’s appointment of Laura Crossen as interim CFO has raised questions about the type of permanent finance leadership the company will need. 

Bankruptcies fall during first half of 2022 yet risks loom

Factors such as rising borrowing costs may fuel a rise in bankruptcy filings after a decline during the first half of 2022, Cornerstone Research said.

Ammo Inc. suspends its CSO, GunBroker.com CFO after board blowup

The ammunition manufacturer has placed two executives, including the CFO of subsidiary GunBroker.com, on administrative leave following allegations of data and digital asset misappropriation.

FreshBooks taps PwC alum as new CFO

The cloud accounting software company appointed Wayne Jackson, who has 40 years of experience in the financial industry. 

Q3 earnings estimates cut ‘more than average’: FactSet

S&P 500 companies for the second quarter reported their lowest growth in earnings on an annual basis since the fourth quarter of 2020, FactSet said. 

Grocer Raley’s CFO killed in plane crash

Ken Mueller, along with the company’s chief pilot, Richard Conte, perished after the aircraft they were on crashed near Galt, California, according to local reports.

Updated Sept. 6, 2022

Bed Bath & Beyond swiftly names interim CFO

Laura Crossen’s appointment as interim CFO comes four days after the death of Gustavo Arnal, Bed Bath & Beyond’s finance chief since 2020.

OneSpan taps Extreme Reach, KPMG alum for permanent CFO

Former Extreme Reach CFO and KPMG alum Jorge Martell will take cybersecurity firm OneSpan’s financial reins from interim CFO Jan Kees van Gaalen.