Leadership

CFOs to boost IT, tech budgets in face of inflation: Gartner

Forty percent of CFOs are planning to hike up IT spending in the next 12 months, with many seeking to tap automation to collect key financial insights.  

By Grace Noto • Aug. 5, 2022

Tapestry Inc. CFO to serve hybrid COO role

Tapestry CFO Scott Roe will also take on the company’s COO role, the latest in a line of CFOs who are taking on additional responsibilities.

By Elizabeth Flood • Aug. 5, 2022

Explore the Trendline➔

Digital transformation, one smart step at a time

By taking an incremental approach, CFOs can move their finance and accounting operations onto an automated, intelligent platform without letting disruption distract from their efforts to scale.

By CFO Dive staff

Payments companies swap out CFOs

Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them.

By Caitlin Mullen • Aug. 5, 2022

Remittance company MoneyGram appoints new CFO

Brian Johnson enters the role in the wake of a pending acquisition and litigation with the CFPB.

By Elizabeth Flood • Aug. 4, 2022

Women hang back from CFO aspirations, trickle into finance

The persisting CFO gender disparity could shrink in the coming years as more women head into the financial field.

By Grace Noto • Aug. 3, 2022

Presidio names former IQVIA, S&P exec as new CFO

Manny Korakis is joining Presidio as it has benefited from a surge in demand for IT services during the pandemic.

By Elizabeth Flood • Aug. 3, 2022

PayPal hands new CFO $6M cash hiring bonus

The PayPal CFO's new-hire bonus comes as some companies are using more cash-rich compensation packages to land finance chiefs.

By Maura Webber Sadovi • Aug. 3, 2022

Oppenheimer & Co. snaps up new CFO from KPMG

KPMG veteran Brad Watkins is joining Oppenheimer & Co. as the investment firm’s performance faces pressure amid the slump in fixed-income and equity market valuations.

By Elizabeth Flood • Aug. 2, 2022

CFOs should look to digitalize employee recognition programs

Despite mounting signs of a recession, the labor market remains robust and CFOs should consider digitalizing employee recognition programs to retain talent. 

By Elizabeth Flood • Aug. 1, 2022

Logistics CFO taps technology, focuses on cash flow amid supply chain woes

Transport Corp Canada’s Group CFO Venu Katta has intensified his focus on cash flow management as supply chain issues continue to hamstring the trucking industry.

By Ramona Dzinkowski • Aug. 1, 2022

Business taxes in Manchin deal draw fire from Chamber of Commerce

Tax experts have warned CFOs to be on the lookout for a renewed push from President Biden’s administration for new or higher corporate taxes. 

By Maura Webber Sadovi • July 29, 2022

Crypto ‘citizen’s arrests’ may continue until Congress wrangles ‘Wild West’

The SEC, DOJ and Treasury are all patrolling the digital asset space. The CFTC is calling for unity. And lawmakers’ vision for a cohesive strategy just took a summer vacation.

By Dan Ennis • July 29, 2022

Meta swaps CFOs, posts first-ever revenue decline

Meta VP, Finance Susan Li will take on the CFO position as current CFO David Wehner becomes the company’s first chief strategy officer, an executive shuffle that comes as the company reports less-than-stellar Q2 earnings.

By Grace Noto • July 28, 2022

Crypto firm Celsius to tap former CFO to advise on bankruptcy proceedings

Cryptocurrency firm Celsius filed a motion Monday to bring in former CFO Rod Bolger, who served in the position for five months, as an advisor as it continues through Chapter 11 bankruptcy proceedings.

By Grace Noto • July 27, 2022

Coca-Cola sees strong consumer demand despite rising prices

Coca-Cola saw global unit case volume lift 8% despite rising prices due to ongoing inflation, causing the company to adjust full-year guidance. 

By Grace Noto • July 26, 2022

McDonald's CFO expects some moderating of food, paper inflation

McDonald’s CFO Kevin Ozan’s expectation of a potential moderation in food and paper inflation is likely a welcome note of optimism for financial executives under pressure to offset soaring prices.

By Maura Webber Sadovi • July 26, 2022

GM hit by supply chain issues, remains optimistic for vehicle demand, pricing

Detroit automaker General Motors saw its net income drop 40% amid supply chain challenges, inflation and geopolitical conflict, but the company remains optimistic regarding vehicle demand and pricing.

By Grace Noto • July 26, 2022

Retired PwC vet appointed CFO of Sierra Madre

Fresh from its recent acquisition of a high-grade mine in Mexico’s silver belt, Sierra Madre has appointed Kenneth Scott, formerly a partner at PwC, as its new CFO.  

By Elizabeth Flood • July 26, 2022

Gartner: CFOs likely to reduce sustainability spend before talent development, tech

Economic pressures could lead CFOs to cut down on investments in sustainability despite a growing executive focus on ESG, Gartner finds.

By Grace Noto • July 25, 2022

Police equipment-maker Wrap taps new CFO

Wrap Technologies expects demand for non-lethal law enforcement tools to grow as communities seek more hands-off and compassionate policing practices in the wake of the murder of George Floyd.  

By Maura Webber Sadovi • July 25, 2022

Companies can benefit from employee recognition programs: Gallup

Training managers to publicly acknowledge employees for who they are and what they do could save a 10,000-employee company up to $16.1 million in turnover costs annually.

By Elizabeth Flood • July 25, 2022

Coca-Cola CFO to take on additional role as president

Coca-Cola CFO John Murphy will also serve as company president following retirement of current president Brian Smith.

By Grace Noto • July 22, 2022

Loop: Why CFOs must craft strong relationships to foster growth

Building out strong internal relationships with key individuals is essential for CFOs as their roles continue to transform, said Valerie Bauer Gore, CFO of post-purchase software provider Loop Returns.

By Grace Noto • July 22, 2022

NBCUniversal Peacock CFO to transition to MariaDB

Christine Napoli, a 25-year NBCUniversal veteran, will take on the financial helm at open source software firm MariaDB as the company gears up to go public via SPAC offering.

By Grace Noto • July 21, 2022

Netflix marches forward with paid sharing among changing subscription market

The streaming service pinched off its subscriber bleed and is trialing several features to bolster revenue, including paid sharing and advertising features.  

By Grace Noto • July 20, 2022