Ally Financial taps Goldman vet for CFO seat

Ally’s current finance chief, who has been serving on an interim basis since October, will return to his full-time role as corporate treasurer once the newly-appointed CFO arrives in July, the company said.

By Alexei Alexis • March 24, 2023

CFOs key to shaping digitization efforts: study

With technology teams overloaded, the discerning CFO’s hand is crucial to shaping company digitization efforts.

By Grace Noto • March 24, 2023

Explore the Trendline➔

CFOs step up as companies look for strategic guidance

The value finance leaders bring to operations is varied but they share a forward-looking vision.   

By CFO Dive staff

Hindsight 2020: An unlikely road to Snowflake’s CFO seat

From a travel excursion to Italy to uncovering massive fraud, Mike Scarpelli had his fair share of challenges on his way to the CFO seat.

By Elizabeth Flood • March 23, 2023

Diversity of thought sharpens finance strategies, TS Imagine CFO says

Women need to be the ‘yardstick for excellence’ and advocate for themselves as they look to take leadership positions, TS Imagine CFO Kate Peachway says.

By Grace Noto • March 23, 2023

ESG poised to gain traction as CFO priority: Gartner

Many organizations are shifting away from a purely “risk management” approach to ESG and are viewing it as a way to attract customers, investors and talent — a trend that will only increase in coming years, according to Gartner.

By Alexei Alexis • March 23, 2023

NFL poaches NBC Sports CFO

Christine Dorfler is departing from her 20-year tenure at NBCUniversal to fill the CFO shoes of an NFL C-suite veteran.

By Elizabeth Flood • March 22, 2023

Fed hikes main rate by quarter-point, notes ‘resilient’ banking system

The central bank tightened borrowing costs despite banking instability as inflation persists well above its 2% target.

By Jim Tyson • March 22, 2023

Papa Johns CFO resigns

Ann Gugino, who has been at the pizza chain since 2020, is leaving effective May 31. Papa Johns has begun a search for a permanent CFO. 

By Julie Littman • March 22, 2023

Accountants head overseas for talent

The lure of sexier jobs in the tech sector has cut into the number of U.S. students pursuing accounting careers. Looking abroad for talent may be the next best move.

By Elizabeth Flood • March 21, 2023

Lessons from SEC’s $3M Blackbaud cyber penalty

The Charleston, South Carolina-based software provider’s recent data breach settlement with the SEC serves as a cautionary tale for C-suite leaders.

By Alexei Alexis • March 21, 2023

Accountant shortages likely to yield more audit failures

The shortage of workers with the core accounting skills needed to staff audits is making audit failures more likely, Hofstra University’s Jack Castonguay says. 

By Maura Webber Sadovi • March 20, 2023

Defunct Katerra sues former CFO for bonus

The failed Softbank-backed startup is alleging its former CFO is obligated to pay back his signing and relocation bonuses amid intensifying scrutiny of executive compensation.

By Grace Noto • March 20, 2023

Travel + Leisure CFO talks uptick in travel, bleisure

Despite headwinds on travel from the pandemic, CFO Mike Hug has continued to capitalize on new opportunities within the industry.

By Elizabeth Flood • March 20, 2023

With tech’s favorite banks in turmoil, some are choosing loyalty

After several high-profile bank failures and near-failures, some fintechs don’t see jumping ship as an option.

By Gabrielle Saulsbery • March 20, 2023

Mattel CFO sees movie tie-in boosting Barbie sales

The iconic El Segundo, California-based toymaker had a tough 2022 but CFO Anthony DiSilvestro expects the outlook to improve and says parents will always prioritize spending on their children.

By Chris Gaetano • March 17, 2023

How ERP modernizations fare amid cost cutting

Some companies are pausing or delaying ERP implementations. But projects moving ahead face sharper scrutiny than before.

By Jen A. Miller • March 17, 2023

SVB CFO may be swept up in stock dumping scrutiny

Three SVB Financial senior officers, including the finance chief, sold company shares worth a combined total of about $4.5 million as of Jan. 1, according to insider trading research firm Smart Insider.   

By Alexei Alexis • March 16, 2023

Does SVB failure expose CFO job creep’s weaknesses?

The bank's chief risk officer seat was left vacant for much of 2022, raising questions about how such responsibilities are distributed and to whom in the modern C-suite.

By Grace Noto • March 16, 2023

Nearly one-third of CFOs to diversify deposits across banks: study

CFOs are looking to take immediate action to assess the risk and exposure to their businesses following recent bank failures.

By Elizabeth Flood • March 16, 2023

Burberry poaches CFO from McLaren

The British luxury fashion house announced another change in its C-suite after naming a new CEO just last year.

By Elizabeth Flood • March 15, 2023

Former CFO sentenced in $1.9M embezzlement scheme

The California man used his position as an auto dealership CFO to issue himself unauthorized checks, as well as pay for personal expenses with company credit cards, prosecutors said.

By Alexei Alexis • March 14, 2023

SVB failure could cloud CFOs’ sunnier outlook

CFOs are cautiously optimistic for 2023, according to Deloitte’s latest CFO signals survey, but the swift downfall of SVB could test that.

By Elizabeth Flood • March 14, 2023

After SVB, cash is once again king, ex-CFO says

With steady CFO leadership now paramount, finance leaders should prioritize cash and keep open their lines of communication with shareholders and employees.

By Grace Noto • March 14, 2023

Signature Bank CFO among those named in investor lawsuit

A proposed class-action complaint claims the bank and its leaders misled investors about Signature Bank’s financial standing.

By Lyle Moran • March 14, 2023

Silicon Valley Bank investors sue collapsed firm’s CEO, CFO

The proposed class action alleges the failed bank, CEO Greg Becker and CFO Daniel Beck concealed from investors the impact that high interest rates would have on the tech-focused firm’s business. 

By Anna Hrushka • March 14, 2023