Leadership


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    28% of big companies have no formal CFO succession plan, finance chiefs say

    The dearth of succession plans for departing finance chiefs comes as CFO turnover at public companies has soared this year.

    By June 14, 2024
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    Mongkol Onnuan via Getty Images
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    In-house counsel compensation rose 4%, in line with inflation

    Median compensation for in-house counsel rose modestly this year as the incidence of signing bonuses declined.

    By Justin Bachman • June 14, 2024
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    Peach_iStock via Getty Images
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    Trendline

    CFO best practices: lessons from the trenches

    Leaders share operational and strategic learnings from their years in the top finance seat.  

    By CFO Dive staff
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    Anna Moneymaker via Getty Images
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    In interim CFO pick, Tyson draws on established finance creds

    The beleaguered chicken processor is leaning on a company veteran with nearly two decades of finance experience as interim CFO following John R. Tyson’s suspension.

    By June 14, 2024
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    CFO Editorial Staff
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    Tyson Foods CFO suspended after arrest for intoxicated driving

    This is the second alcohol-related incident for John R. Tyson since he took the executive role less than two years ago.

    By Nathan Owens • June 13, 2024
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    40% of executives brace for ‘major’ reorganization, including layoffs: PwC

    Companies are reorganizing to fight margin pressure and planning moves that might require wide-ranging operating model changes, executives said.

    By June 12, 2024
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    Courtesy of PCAOB
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    PCAOB Chair Erica Williams gets second term

    The board has pursued an aggressive agenda under Williams, with record fines against accounting firms.

    By June 12, 2024
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    Fed trims 2024 rate forecast to one cut, holds borrowing costs steady

    The Fed decision followed a report that inflation last month rose less than economists predicted and at the slowest pace since 2021.

    By June 12, 2024
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    Justin Sullivan / Staff via Getty Images
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    Wells, PNC CFOs see office spaces leading CRE stress

    “Older office buildings that are not renovated in certain areas of different cities are the places that you’re seeing the most stress,” Wells Fargo CFO Mike Santomassimo said Tuesday.

    By Caitlin Mullen • June 12, 2024
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    Courtesy of JLL
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    Office fit-out cost growth downshifts to 2.7%: JLL

    While U.S. and Canadian workers are typically in the office just 3.1 days a week, employers are still spending more when building new space.

    By June 11, 2024
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    Tim Boyle / Staff via Getty Images
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    IBM’s Apptio unit tests AI tool trained to tackle rising IT costs

    The effort comes as many finance leaders are grappling with out-of-control cloud expenses.

    By June 11, 2024
  • OpenAI CEO Sam Altman speaking at the first ever DevDay event
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    Justin Sullivan via Getty Images
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    OpenAI appoints Nextdoor, Square alum as CFO

    Sarah Friar brings a resume packed with both Silicon Valley and investment banking experience to her new role at the artificial intelligence firm.

    By June 10, 2024
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    gorodenkoff via Getty Images
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    Four takeaways from the CFO Leadership Council’s confab

    Generative AI, labor challenges, and cybersecurity worries were some of the top issues on finance chiefs' minds during the two-day conference.

    By June 10, 2024
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    Justin Sullivan via Getty Images
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    Alphabet hands new CFO $9.9M sign-on bonus

    The incoming finance chief — Eli Lilly veteran Anat Ashkenazi — was granted the bonus in light of “her prior company’s forfeited compensation,” Alphabet said.

    By June 10, 2024
  • A person pets a dog as they sit at lawn table and do work on a laptop. They are in the yard of a Mediterranean villa.
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    Ross Helen via Getty Images
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    Quiet vacationing: What’s this summer work trend?

    The workers who are afraid of taking PTO have come up with a complicated solution to their anxieties.

    By Caroline Colvin • June 7, 2024
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    Justin Sullivan via Getty Images
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    How big retailers are battling the last-mile delivery squeeze

    Walmart, Target and Kroger executives pointed to price and technology improvements that they are using to offset cost pressures.

    By June 7, 2024
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    Courtesy of Chemours
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    Chemours appoints new CFO after accounting probe

    The appointment comes after the chemical company discovered that three of its top executives, including its then-CFO, engaged in unethical financial practices.

    By June 6, 2024
  • A group of young protesters marching fill the frame with signs that read "Planet Over Profit" and "Climate Justice" with a sunflower sprouting bottom to top as the "i" in climate and "t" in justice.
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    Spencer Platt/Getty Images via Getty Images
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    Sierra Club, NRDC drop legal challenges to SEC climate rule

    The two environmental groups have decided to focus resources elsewhere to improve climate-related financial disclosures.

    By Lamar Johnson • June 6, 2024
  • Headshot of Toast CFO Elena Gomez
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    Courtesy of Toast Inc
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    Toast CFO aims to build ‘enduring’ company on path to profitability

    Three years after Toast went public, thinking strategically about building a team for the future was one of her most important early priorities, said CFO Elena Gomez.

    By June 6, 2024
  • A sign is posted in front of a Google office on April 26, 2022 in San Francisco, California. Google parent company Alphabet will report first quarter earnings today after the closing bell.
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    Justin Sullivan via Getty Images
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    Alphabet taps Eli Lilly veteran to replace longest-running CFO

    Anat Ashkenazi will succeed Ruth Porat, a powerful Silicon Valley leader who took the tech giant’s finance reins in May 2015.

    By June 5, 2024
  • Google and the Consortium of Cybersecurity Clinics are collaborating on an effort to train diverse students in cybersecurity.
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    Courtesy of Consortium of Cybersecurity Clinics
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    Few CFOs control cybersecurity budgets. Here’s why more should.

    Tech executives, not CFOs, most often call the shots on cybersecurity spending at middle market companies, according to a recent RSM US survey.

    By June 4, 2024
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    Frazer Harrison via Getty Images
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    $1.4B water brand Liquid Death taps Jim Beam alum for CFO

    The canned water brand is bringing in beverage veteran Karim Sadik-Khan as it targets the expansion of its distribution channels and further product innovation.

    By June 4, 2024
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    Michael M. Santiago via Getty Images
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    Live Nation confirms Ticketmaster data breach after proposed class action

    The breach, which reportedly exposed the personal data of more than 500 million consumers to the “dark web,” was the direct result of poor cybersecurity measures, the lawsuit alleges.

    By June 4, 2024
  • Businessperson looking at recruitment website on a laptop computer.
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    courtneyk via Getty Images
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    Number of CFO job listings calling for AI skills hits 23%: Datarails

    The April number is up from 20% in January, according to the study, which analyzed listings on job portals such as Glassdoor, Indeed, Job2Careers and ZipRecruiter.

    By June 4, 2024
  • A gray four-door crossover vehicle with a woman seated with her hand on the steering wheel is parked in front of a Hertz building.
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    Courtesy of Hertz/GM
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    Hertz poaches Spirit Airlines CFO

    Less than a year after taking the permanent CFO seat, Alexandra Brooks is exiting the rental car company as it struggles to manage its bold EV bet.

    By June 3, 2024
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    Spencer Platt via Getty Images
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    Fintech Navan appoints NYSE alum for CFO ahead of planned IPO

    The ex-NYSE CFO will take Navan’s top financial seat as the company sets the stage for a future public offering.

    By June 3, 2024