CFOs optimistic but don't see normalcy in 2021, survey finds

Just over two in five CFOs said they expect to meet 95% or more of their pre-pandemic revenue expectations, Deloitte's 4th-quarter CFO Signals Survey found.

By Jane Thier • Dec. 9, 2020

Innovator of the Year: David Lee, Impossible Foods

In David Lee’s first year as finance chief, Impossible, the brand known for meatless products, has squeezed in decades’ worth of accomplishments, in the midst of a pandemic that has brought countless competitors to their knees.

By Jane Thier • Dec. 9, 2020

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

Company of the Year: Walmart

The merchandising giant has embraced flexible functions to become an omnichannel retailer.

By Robert Freedman • Dec. 9, 2020

CFO of the Year: Kelly Steckelberg, Zoom

The veteran CFO has used strategic insight and operational experience to help one of the biggest beneficiaries of the pandemic manage its meteoric growth.

By Robert Freedman • Dec. 9, 2020

The CFO Dive Awards for 2020

In a year where companies and their finance leaders had to weather unprecedented crises, the following awardees stood out for their bold leadership.

By CFO Dive Team • Dec. 9, 2020

Should CFOs let remote employees play 'paycheck arbitrage?'

Some companies are allowing permanent remote work, but don’t want to pay as much to employees who move to lower-cost areas.

By Robert Freedman • Dec. 8, 2020

Taco Bell CFO moves to Qdoba after 6 months

Leviathan Winn, who spent the bulk of his career in investment banking before stepping in as Taco Bell's global CFO in May, was named Qdoba's finance chief Monday. 

By Jane Thier • Dec. 8, 2020

Activision sues Netflix for poaching its CFO

This is the third time Netflix has been sued for allegedly hiring employees enmeshed in fixed-term agreements. The first two suits were filed by Fox and Viacom.

By Jane Thier • Dec. 7, 2020

Fintech start-up One Inc. taps Microsoft exec as new CFO

"At this stage of my career, I’ve got a pretty full toolbox that can help One Inc. really grow to the next stage," Paul Schmidt said. "A CFO's key questions are always how do we make money, and how do we grow?"

By Jane Thier • Dec. 5, 2020

2020 MIT Sloan CFO Virtual Summit: Full coverage

Dec. 4, 2020

CFO broke mold when he took Snap public in 2017

Drew Vollero, now CFO of security company Allied Universal, had no IPO or tech experience, but he knew how to build a finance function.

By Robert Freedman • Dec. 3, 2020

Capital One CFO to depart for health insurance start-up Oscar

R. Scott Blackley will leave the bank on March 1, and will be replaced by Andrew Young, its business line CFO.

By Jane Thier • Dec. 3, 2020

AT&T exec becomes WarnerMedia CFO amid latest round of layoffs

Jennifer Biry replaces Pascal Desroches, who will become AT&T's CFO.

By Jane Thier • Dec. 3, 2020

Salesforce CFO to depart amid landmark Slack deal

In an earnings release Tuesday, CEO Marc Benioff announced Chief Legal Officer Amy Weaver will step in as the next finance chief. 

By Jane Thier • Dec. 2, 2020

COVID-19 has led to better business insights, CFOs say

The pandemic’s upheaval forced finance teams to better understand what their customers, suppliers and employees want, according to CFOs at last month's MIT Sloan CFO virtual summit.

By Robert Freedman • Dec. 1, 2020

Noom CFO: Company pursues 'greater predictability' in forecasting, business planning

"We have made no decisions about an IPO, [but] we’re on the precipice of growing into a more mature, significant company," Michael Noonan says.

By Jane Thier • Dec. 1, 2020

Coca-Cola CFO prefers 'scenario management' to 'scenario planning'

Leadership starts with understanding the consumer and anticipating future trends, John Murphy said. Over time, Coca-Cola has moved from "essentially a single-brand company to what we call a 'total beverage company.'"

By Jane Thier • Dec. 1, 2020

Pandemic expanded CFO path to CEO, survey finds

Companies hiring CEOs during the pandemic are mostly tapping CEOs from other companies, but they're also increasingly hiring CFOs for the top spot, a survey of 965 global companies found.

By Robert Freedman • Nov. 26, 2020

How Gilead finally spent its money

This year, the biotech spent about $27 billion trying to become a leader in cancer research. But Gilead's CFO, Andrew Dickinson, said there's still work to be done.

By Jacob Bell • Nov. 24, 2020

Zoom, Grubhub took risks to help customers during pandemic

Few companies benefited from the pandemic more than these two, so finance decisions were made to help hard-hit customers, company CFOs said at the MIT Sloan CFO virtual summit.

By Robert Freedman • Nov. 23, 2020

Most important part of financial planning? Communication.

"This is when we need to show what leadership is all about," Judy Romano, CFO of commercial and technology for InterContinental Hotels Group, said on a virtual MIT Sloan CFO Summit panel Friday. 

By Jane Thier • Nov. 23, 2020

Lululemon names new CFO

Meghan Frank has served as co-CFO in the interim since April, and her appointment comes shortly after several exec moves in October.

By Cara Salpini • Nov. 20, 2020

How can CFOs become the deputy CEO?

Panelists at the MIT Sloan CFO Virtual Summit Thursday shared tactics and strategies for assuming the right-hand person role for their respective CEOs.

By Jane Thier • Nov. 19, 2020

Keep board meetings focused on strategy, avoid riffs, specialists say

Panelists at the MIT Sloan CFO virtual summit this week recommend getting financial information to members early to make board meetings more productive.

By Robert Freedman • Nov. 19, 2020

CFOs prioritize future-readiness; are wary of investing, survey finds

More than 5% of CFOs say their 2020 revenues are expected to be at least 3% lower than in 2019, Everest Group and WNS Global Services' Global CFO Survey found.

By Jane Thier • Nov. 19, 2020