More M&A players hold back stay-bonus ‘dry powder,’ WTW says

Despite a recent uptick in mergers and acquisitions, some buyers are nonetheless growing more guarded about tapping their retention bonus budgets.

By Maura Webber Sadovi • April 24, 2024

Heathrow CFO transitions to COO role

Javier Echave is exiting the CFO role on a high note, after a record 18.5 million passengers traveled through the airport during the first quarter.

By Alexei Alexis • April 24, 2024

Explore the 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

Tesla CFO eyes pullback in EV market amid slumping sales, restructuring

Tesla is leaning on AI, layoffs and new autonomous projects to help boost its future sales after a disappointing first quarter. 

By Grace Noto • April 24, 2024

FTC approves nationwide noncompete ban

In a difference from the proposed rule, senior executives subject to a noncompete agreement previously will remain subject to it; the ban will apply to executives going forward.

By Robert Freedman • April 24, 2024

PE-backed Kent Outdoors seats new CFO, hunts for Kona Bicycles buyer

Rob Otto is joining the Salt Lake City, Utah-based company as it puts a beloved mountain bike maker on the block and pivots to focus on water sports.

By Maura Webber Sadovi • April 23, 2024

ADM’s suspended CFO to resign amid accounting scandal

Vikram Luthar — who was placed on a forced leave in January — will assist the company and be paid his base salary until his resignation is effective on Sept. 30.

By Maura Webber Sadovi • April 23, 2024

High Court ruling eases blow of SEC’s new cyber rules: analysts

The court’s decision in Macquarie Infrastructure Corp. v. Moab Partners makes it harder for plaintiffs to bring claims based on omissions in SEC filings.

By Alexei Alexis • April 23, 2024

Mobico CFO steps down following delayed financial results

The public transport company appointed an interim CFO after reporting a 36% drop in profit, impacted by inflationary pressures and labor shortages in key markets.  

By Grace Noto • April 22, 2024

Controllers hunt for workarounds to ‘continuous’ reporting, accountant shortage

As leaders of their firms’ accounting operations, many controllers are outsourcing work and using AI to speed accounts payable and receivable tasks.

By Chris Gaetano • April 19, 2024

Jabil CFO steps up as CEO is placed on paid leave

The manufacturer’s CFO is stepping into the interim CEO seat after Jabil struggled with “revenue headwinds” amid an ongoing restructuring and cost realignment plan.

By Grace Noto • April 19, 2024

CEOs, CFOs can’t get non-prosecution agreement under DOJ pilot

Criteria released by the Department of Justice April 15 lets corporate executives know if they stand a good chance of avoiding charges for coming forward with misconduct allegations.

By Robert Freedman • April 19, 2024

Accounts receivable automator Versapay taps new CFO

Ed Neumann is joining the AR platform provider as it looks to grow by targeting companies seeking to digitize their older manual systems.

By Maura Webber Sadovi • April 18, 2024

NSA sounds alarm on AI’s cybersecurity risks

Malicious actors on the hunt for sensitive data or intellectual property may be attracted to attack vectors unique to artificial intelligence, the NSA warned.

By Alexei Alexis • April 18, 2024

Cyber insurance gaps stick firms with millions in uncovered losses

An analysis of 101 breaches across various sectors revealed insurance gaps resulting in an average of $27.3 million in uncovered losses per incident.

By Alexei Alexis • April 17, 2024

Orthofix replaces fired CLO, grapples with internal control ‘material weakness’

The new chief legal officer is joining the company as it faces a fresh set of headwinds related to its internal control over financial reports.

By Maura Webber Sadovi • April 17, 2024

CFOs worry over rising operations cost: Grant Thornton

Finance chiefs are banking on GenAI to offset cost pressures in the face of persistent inflation, with 71% of CFOs still expecting a jump in net profit.

By Grace Noto • April 17, 2024

Microsoft raises business application suite prices as Copilot permeates Dynamics 365

The tech giant updated terms on its CRM and ERP solutions for the first time in more than five years.

By Matt Ashare • April 16, 2024

70% of CEOs feel ready to deliver on responsible GenAI

The intense focus on safe and ethical GenAI use comes as the technology’s rapid rise is prompting scrutiny from governments around the world.

By Alexei Alexis • April 16, 2024

ChatGPT grabs the shadow IT crown: report

Generative AI tools emerged as the latest villain in the enterprise battle to curb SaaS bloat and rationalize software portfolios, Productiv analysis found.

By Matt Ashare • April 16, 2024

The CFO’s role in curbing third-party cybersecurity risk

With vendor-related cyber risks spiking rapidly, the stakes are too high for CFOs to treat the issue as merely an IT concern, writes cybersecurity consultant AJ Yawn. 

By AJ Yawn • April 16, 2024

Customers Bancorp boots CFO for ‘cause’

Carla Leibold was terminated Wednesday over a violation of company policy, a characterization she reportedly disputes. Philip Watkins was promoted to take her place, the company said.

By Rajashree Chakravarty • April 15, 2024

NYCB hires new CFO, general counsel

The beleaguered Long Island-based lender brought aboard four executives Friday whose careers had crossed paths with that of newly minted CEO Joseph Otting.

By Dan Ennis • April 15, 2024

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 Grace Noto • April 12, 2024

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 Alexei Alexis • April 11, 2024

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 Maura Webber Sadovi • April 11, 2024