Leadership


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    Scribd promotes CFO to CEO following expansion push

    Scribd is tapping its former CFO for the role after moving to streamline its offerings, including breaking its document and book content into two distinct platforms.

    By April 12, 2024
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    Tech vendor Docyt adds voice feature to AI-driven accounting tool

    Docyt is among the software vendors racing to capitalize on recent advancements in AI. Many of them are zeroing in on the corporate finance market.

    By April 11, 2024
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    Trendline

    CFO best practices in the evolving generative AI era

    As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.

    By CFO Dive staff
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    Suspended ADM CFO’s pay ticked up in 2023 to $4.5M

    The majority of Vikram Luthar’s pay package for last year came from $3.4 million in stock awards, according to Archer Daniels Midland’s proxy filing.

    By April 11, 2024
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    PCAOB levies record $25M fine on KPMG Netherlands for exam cheating

    The $25 million penalty is the largest fine of any type imposed by the auditor watchdog since it was created in 2002 following the Enron accounting scandal. 

    By April 10, 2024
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    KFC names new CFO amid push to boost sales

    The finance leadership change comes as KFC struggles with dwindling traffic in a dicey economic environment.

    By April 10, 2024
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    Interim CFO requests skyrocket 46%: BTG

    Companies are turning to interim financial leadership more frequently as they struggle to fill widening gaps in their accounting and finance functions.  

    By April 9, 2024
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    Nation-state actors drive up cyberthreats

    Microsoft and Hewlett Packard Enterprise are among companies that have recently reported high-profile cyber intrusions attributed to nation-state actors.

    By April 9, 2024
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    Capital One’s Discover bid tops biggest Q1 tech-related deals

    The proposed Capital One-Discover merger made the list because of fintech issues that are at stake in the $35.3 billion deal.

    By April 9, 2024
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    As Zillow alum takes the financial helm, Varo Bank sets sights on profitability

    Varo’s Allen Parker is focused on “ensuring finance can play a role in how we prioritize our investments” which will be critical to achieving profitability, he said.

    By April 8, 2024
  • RBC fires CFO, treasury exec over undisclosed relationship

    Nadine Ahn had been seen as a potential future CEO candidate, sources told The Globe and Mail. RBC named Katherine Gibson its interim CFO while it searches for a successor.

    By Dan Ennis • April 8, 2024
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    Spotify names new CFO amid profitability push

    The move follows efforts by the music streaming giant to turn the page on a history of financial struggles, including by raising prices and cutting staff.

    By April 4, 2024
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    Intel appoints new CFO to troubled chipmaking unit

    The appointment follows a $7 billion operating loss for Intel’s foundry unit as AI’s potential pushes up both interest and pricing in the semiconductor space.

    By April 3, 2024
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    Global M&A rises above ongoing headwinds

    The findings show “some light at the end of the tunnel” after a challenging year for M&A globally in 2023, according to Willis Towers Watson’s David Dean.

    By April 3, 2024
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    5 tips from CFOs on how to win the CFO seat: McKinsey

    Executives aiming to rise to the CFO seat have faced a bright landscape in recent years, with turnover unusually high.

    By April 2, 2024
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    Allstate alum joins Farmers Insurance as CFO

    Farmers is one of many insurers who stepped back from providing services to certain states in the face of increasing environmental risks in 2023.

    By April 2, 2024
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    Courtesy of Austin Independent School District
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    Jacobs CFO steps down after 8 months on the job

    The Dallas-based company brought back former CFO Kevin Berryman on an interim basis, as Claudia Jaramillo leaves to pursue other opportunities.

    By Sebastian Obando • April 2, 2024
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    AT&T hit with proposed class action suit over massive data breach

    The breach was a “direct result” of AT&T’s failure to implement adequate cybersecurity procedures, the suit alleges.

    By April 2, 2024
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    Opinion

    Fixing the broken state of SaaS purchasing

    A “growth-at-all-costs” mentality has led some SaaS companies to overpromise results and obscure pricing details, writes Olive Technologies CEO Chris Heard.

    By Chris Heard • April 2, 2024
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    Old National puts CFO on leave after child molestation charges

    The Evansville, Indiana-based bank named its chief strategy officer as interim CFO on Monday after Brendon Falconer was arrested last week.

    By Dan Ennis • April 2, 2024
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    Microsoft decouples Teams from 365 globally

    The move comes eight months after the software giant unbundled the two solutions in the European Economic Area and Switzerland to quell regulatory concerns.

    By Matt Ashare • April 1, 2024
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    Ex-construction CFO pleads guilty to wire fraud stemming from $890K embezzlement scheme

    The former CFO is required to pay restitution of $890,000 in addition to other penalties and may also face time in prison.

    By April 1, 2024
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    UnitedHealth, Hilton Grand Vacations elevate CFOs to dual president roles

    Taking on new sales or marketing responsibilities through the addition of such roles offers critical learning opportunities for CFOs aspiring to the CEO chair, Cowen Partners’ Shawn Cole says.

    By March 29, 2024
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    Startup looking to disrupt ERP market with AI raises $9.2M

    New York-based Nominal said its funding round included participation from executives at Salesforce, ServiceNow and Intel.

    By March 28, 2024
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    FTX founder Sam Bankman-Fried gets 25 years in prison

    The sentence was handed down Thursday, nearly five months after crypto’s former golden boy was found guilty on seven counts of fraud and conspiracy.

    By Gabrielle Saulsbery • March 28, 2024
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    GameStop’s interim CFO gets permanent seat

    The appointment comes after significant churn in the position and as the company looks to turn around slumping sales.

    By March 27, 2024