New York Times promotes strategy officer to CFO

CFO Roland Caputo announced his retirement from the company back in December 2022. Now, the company is looking to another long-time employee to fill his shoes.

By Elizabeth Flood • May 10, 2023

Driven Brands CFO abruptly exits

Three-year company veteran Tiffany Mason abruptly departed the automotive services company last week, with former Cardtronics CFO Gary W. Ferrera to step into the newly vacant CFO seat.

By Grace Noto • May 9, 2023

Entrepreneurial mindset drives growth: ex-Poshmark CFO

When it comes to growing a business of any kind, thinking like a founder is key, regardless if you are one or not, former Poshmark CFO Kapil Agrawal said.

By Elizabeth Flood • May 8, 2023

3 keys for superior supply chain finance

The SCF innovations every CFO should look for to optimize cash flow and strengthen supply chains.

May 8, 2023

CFOs brace for tighter times as credit dries up

As difficult as the financing environment is right now, Wolters Kluwer’s Jeroen Van Doorsselaere predicts “a real credit crunch” developing in the second half of 2023.

By Chris Gaetano • May 5, 2023

Bean CEO wants to bring flexibility, creativity to accounting

To solve the accounting shortage, Bean CEO Anees Pretorius asserts the industry must provide talented professionals with the tools and flexibility they need to do better work more quickly — and to make it more delightful.

By Grace Noto • May 5, 2023

Peloton predicts cash flow pressure after $75M Dish settlement

The cost of the patent settlement, plus related expenses, is expected to “significantly pressure” Peloton’s free cash flow for its fiscal fourth quarter.

By Alexei Alexis • May 4, 2023

SVB’s fate shines spotlight on company culture

SVB lost a number of employees following its acquisition by First Citizens. Some M&A targets may not be the best fits.

By Elizabeth Flood • May 4, 2023

Oracle: Peering inside AI’s black box

Finance professionals continue to apply a “trust but verify, or maybe don’t trust and verify” mentality when it comes to AI adoption, Oracle’s Hari Sankar said.

By Grace Noto • May 4, 2023

KPMG’s Stöckle on auditing’s ‘human-machine’ connection

Despite recent technological advances transforming auditing processes, KPMG’s Sebastian Stöckle says people will always play key roles.

By Maura Webber Sadovi • May 4, 2023

Tesla details its supply chain emissions for the first time

The EV maker released an estimate of its Scope 3 footprint, while also delving into its efforts to source minerals responsibly. 

By Ben Unglesbee • May 3, 2023

Guess taps Hugo Boss alum for CFO seat

The appointment of Markus Neubrand, a former CFO of Hugo Boss Americas, follows a “rigorous” search process, Guess CEO Carlos Alberini said.

By Alexei Alexis • May 3, 2023

Vertice reports spike in AI software spending

AI’s share of overall software spending across the Vertice network grew to 1% by the end of March, up from 0.2% at the start of the year, a five-fold increase.

By Alexei Alexis • May 2, 2023

Record high office vacancies spur sublease discounts

The U.S. office vacancy rate ticked up to a 30-year-high of 17.8% in the first quarter as hybrid work and recession fears weighed on demand, according to CBRE.

By Maura Webber Sadovi • May 2, 2023

JPMorgan to ‘fight hard’ to retain First Republic clients, CFO says

JPMorgan’s agreement to buy the failed bank’s assets once again raises questions of the health of the banking ecosystem, particularly shining a light upon regional banks.

By Grace Noto • May 1, 2023

Food Lion owner Ahold Delhaize poaches new CFO from construction company

Pending shareholder approval, Jolanda Poots-Bijl is set to take the financial helm from Natalie Knight who is leaving to take another CFO role at automaker Stellantis.

By Elizabeth Flood • May 1, 2023

Chipotle pauses menu price hikes, CFO says

With the once soaring cost of ingredients easing, Chipotle CFO Jack Hartung said the restaurant chain is pressing pause on its menu price hikes.

By Maura Webber Sadovi • April 28, 2023

AWS revenue growth slows as cloud market expands

Revenue growth has slowed for Amazon’s cloud division as customers seek cost savings in workload optimization.

By Matt Ashare • April 28, 2023

CISA seeks public comment on software security attestation form

The release is part of a larger effort by the Biden administration to strengthen software security at the development stage.

By David Jones • April 28, 2023

AI to help with ‘day two’ lease accounting

With the FASB issuing updated guidance, the proper use of AI will be key for growth.

By Elizabeth Flood • April 27, 2023

Meta to prioritize AI in future hiring efforts, CFO says

AI was a dominant theme of the Facebook and Instagram owner’s latest quarterly earnings call, in which the company reported its first sales increase in nearly a year.

By Alexei Alexis • April 27, 2023

Vera Bradley replaces CFO, plans more job cuts

The seller of women’s handbags is planning to cut as many as two dozen jobs as part of a corporate restructuring initiative targeting $12 million in incremental cost reductions.

By Alexei Alexis • April 26, 2023

ChatGPT fails accounting class

ChatGPT has met its match in an accounting course, with students scoring an overall average of 76.7%, compared to ChatGPT’s score of 47.4%, according to research from Brigham Young University.

By Elizabeth Flood • April 26, 2023

Tarsus Pharmaceuticals replaces CFO

The biopharmaceutical company is parting ways with former CFO Leo Greenstein, who started at his post back in 2020.

By Elizabeth Flood • April 25, 2023

Bed Bath & Beyond CFO ties bankruptcy to e-commerce ‘reluctance’

Holly Etlin, named Bed Bath & Beyond’s interim finance chief in February, stepped into the roles of CFO and chief restructuring officer Saturday.

By Maura Webber Sadovi • April 24, 2023