Leadership
-
gorodenkoff via Getty Images
Detroit nonprofit sues ex-CFO over alleged $40M embezzlement
The former finance chief breached his fiduciary duty and caused “enormous financial devastation,” according to the complaint.
By Alexei Alexis • July 25, 2024 -
Jacob Wackerhausen via Getty Images
Flex appoints 20-year company alum as interim CFO
Longtime company alum Jaime Martinez will step in as interim CFO as Flex looks to execute on a restructuring plan aimed at improving its operational efficiency.
By Grace Noto • July 25, 2024 -
Explore the Trendline➔
Peach_iStock via Getty Images
TrendlineCFO best practices: lessons from the trenches
Leaders share operational and strategic learnings from their years in the top finance seat.
By CFO Dive staff -
Jason Kempin via Getty Images
Estée Lauder controller lands CFO seat amid restructuring
Akhil Shrivastava, a nine-year company veteran, understands “the levers the company can pull to revive growth,” Morningstar analyst Dan Su writes.
By Maura Webber Sadovi • July 24, 2024 -
Noam Galai via Getty Images
Alphabet investors get mixed news from departing CFO Ruth Porat
The tech giant’s shares sank after Porat’s mixed comments about the company’s operating margin outlook.
By Alexei Alexis • July 24, 2024 -
Spencer Platt via Getty Images
KKR-backed OneStream sees $4.6B valuation following $490M IPO
The company will continue to invest in machine learning, AI and new products such as demand forecasting tools following its $490 million IPO, CFO Bill Koefoed said.
By Grace Noto • July 24, 2024 -
Michael M. Santiago / Staff via Getty Images
Spotify profit jumps amid ‘early days’ of price increases
Interim CFO Ben Kung said the music streamer is “encouraged” by the initial consumer reaction to the company's recent price hikes.
By Maura Webber Sadovi • July 23, 2024 -
iStock / Getty Images Plus via Getty Images
CFOs face ‘threefold challenge’ with GenAI spending, Pairsoft CEO says
As finance chiefs look to upgrade legacy finance functions, GenAI is emerging as a promising technology — but first, CFOs need to identify a clear use case.
By Grace Noto • July 23, 2024 -
qingwa via Getty Images
Judge deals major blow to SEC’s cybersecurity enforcement stance
“The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.
By Alexei Alexis • July 23, 2024 -
Andrew Brookes
Many CFOs still in early phase of digital transformation: McKinsey
Finance teams are grappling with roadblocks such as already-demanding workloads, a lack of relevant capabilities and insufficient resources.
By Alexei Alexis • July 23, 2024 -
GussWilder for iStock via Getty Images
Firms favored reorganizations over liquidations in H1: S&P
The jump in companies choosing Chapter 11 could signal rising corporate optimism about reorganization prospects that is partly driven by anticipated rate cuts.
By Maura Webber Sadovi • July 22, 2024 -
Justin Sullivan via Getty Images
PulteGroup promotes insider to fill retiring CFO’s seat
Jim Ossowski will take the home builder’s finance reins in 2025 as Pulte looks to build on its record first-quarter home sale revenues.
By Grace Noto • July 22, 2024 -
Matt Kapko/CFO Dive
Visa, Mastercard say CrowdStrike didn’t impact networks
Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.
By Lynne Marek • July 22, 2024 -
gorodenkoff via Getty Images
Legacy tech upgrades cost the average business nearly $3M last year
Maintenance costs, impacts on the data stack and AI ambitions are pushing companies to modernize, a SnapLogic survey found.
By Lindsey Wilkinson • July 19, 2024 -
Anthony Kwan / Stringer via Getty Images
CrowdStrike software update at the root of a massive global IT outage
A defective software update led to major disruptions in aviation, banking and other industries as Microsoft 365 services were impacted worldwide.
By David Jones • July 19, 2024 -
hynci via Getty Images
Incoming QXO CFO’s comp package includes $3M signing bonus
M&A “heavy hitter” Ihsan Essaid could rake in a $1.6 million base salary should the product distribution company hit future annualized revenue run rate goals, according to a company filing.
By Grace Noto • July 18, 2024 -
Anna Moneymaker via Getty Images
CFPB to apply lending laws to EWA
The federal agency weighed in Thursday with a proposed rule to oversee the burgeoning earned wage access industry.
By Lynne Marek • July 18, 2024 -
Bonnie Cash via Getty Images
High interest rates dampen hopes for robust M&A recovery
While M&A activity is gaining momentum, dealmakers continue to face a mixed macroeconomic environment, Boston Consulting Group analysts said.
By Alexei Alexis • July 17, 2024 -
Courtesy HSBC
HSBC names CFO Elhedery as its next CEO
The Lebanon-born banker was seen as an early front-runner to succeed Noel Quinn. Elhedery took a sabbatical in 2022, reportedly learning Mandarin, and was named CFO when he returned.
By Dan Ennis • July 17, 2024 -
Drew Angerer via Getty Images
SEC rule jumpstarts Corpay CAO’s ESG push
The climate disclosure rule’s March passage helped push the payments player to double down on its ESG reporting strategy, Chief Accounting Officer Alissa Vickery said.
By Maura Webber Sadovi • July 16, 2024 -
Laurence Dutton via Getty Images
AI budgets poised to surge in 2025
While AI investments are expanding, many companies are failing to invest in infrastructure necessary to optimize the technology, EY found.
By Alexei Alexis • July 16, 2024 -
Justin Sullivan via Getty Images
Latest AT&T data breach risks customer defections: Moody’s
The incident comes as AT&T is already facing a number of class action suits stemming from a separate breach that was disclosed in March.
By Alexei Alexis • July 16, 2024 -
David McNew via Getty Images
5 takeaways on costs, challenges of climate disclosure compliance
Complacency regarding the SEC’s now-stayed rules could leave companies “scrambling to try to get ready” once they are put in place, PwC’s Marc Siegel said.
By Maura Webber Sadovi • July 15, 2024 -
champpixs via Getty Images
Q&AAR player Versapay plunges ahead with new C-suite team
The business-to-business accounts receivable player is weighing its strategic options and eyeing opportunities in the office of the CFO.
By Lynne Marek • July 15, 2024 -
Permission granted by Planful
Sponsored by Planful3 reasons why it’s time to get on board with AI for growth
Start thinking of AI as an offensive advantage instead of a defensive backstop.
By Grant Halloran, Planful CEO • July 15, 2024 -
Mario Tama / Staff via Getty Images
Banks should proactively combat instant payments fraud: BNY
Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.
By Suman Bhattcharyya • July 12, 2024
