Lululemon CFO to depart amid pandemic for Asbury Automotive

Without its CFO at the helm, Lululemon faces an uncertain future. "There are many more tough positions ahead, including how they pay staff amidst capital expenditure cuts," Neil Saunders of GlobalData Retail said.

By Jane Thier • April 17, 2020

Survey: Half of CFOs expect 30% revenue decline in 2020

As the coronavirus pandemic rolls ahead, CFOs begin forecasting their year-end losses, according to a Gartner survey of senior finance leaders.

By Jane Thier • April 16, 2020

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CFO and the C-Suite

A talent for numbers and strategy is only part of a CFO's success formula; the ability to cultivate strong relationships with one's executive colleagues is the other part. 

By CFO Dive staff

Potbelly, MOD Pizza hire CFOs in show of mid-pandemic optimism

The two fast casual companies have their eyes on the future with the naming of new finance chiefs. MOD Pizza's Josh Guenser shares with CFO Dive how he's balancing his onboarding with crisis planning.

By Jane Thier • April 15, 2020

COVID-19 'first real test' of digitization for office of CFO

"All the older stuff was just feel-good," said Genpact's Sanjay Srivastava, as CFOs have to manage significant declines in finance teams' productivity.

By Jane Thier • April 14, 2020

Survey: Half of CFOs expect a return to normal by Q3

Only 9% of CFOs surveyed by CFO Magazine expect a sustained recession, with economic activity not picking up until 2022.

By Jane Thier • April 13, 2020

Surpassing 1M subscribers, Duolingo hires first CFO

The language learning app has seen a 108% jump in sign-ups around the world, and a 148% jump in the United States. Hiring its first CFO during the pandemic may signal the Pittsburgh-based unicorn's IPO ambitions. 

By Jane Thier • April 8, 2020

USA TODAY parent taps WeWork controller as new CFO

Douglas Horne arrived at Gannett, the parent company of over 250 newspapers, including USA TODAY, on Tuesday, as the company furloughed non-essential staff and suspended its dividend amid the coronavirus pandemic.

By Jane Thier • April 7, 2020

Macy's CFO to depart in late May

Paula Price, who arrived in the post in 2018, was set to oversee the department store's latest turnaround attempt, unveiled in February.

By Daphne Howland • April 7, 2020

Survey: 62% of CFOs to cut selling, administrative budgets

Dialing back on sales force activity is a way to force functional leaders to tighten their belts, but it might hurt in the long-term, Gartner survey findings suggest. 

By Jane Thier • April 6, 2020

Survey: 3 in 4 CFOs pushing for permanent remote staffing following shutdown

When it comes to creative cost savings, remote work could be key for CFOs looking to avoid severe cuts and downside operational impacts, according to a Gartner survey. 

By Jane Thier • April 5, 2020

Cheesecake Factory CFO seeks immediate relief; Chipotle CFO says chain can 'last a year'

As the coronavirus pandemic rocks the restaurant industry, chains with established attention to takeout and delivery pull far ahead of traditional sit-down joints. 

By Jane Thier • April 2, 2020

As the first remote month ends, how are CFOs closing the books?

At the end of March, CFOs, finance teams and auditors were faced with a novel challenge — closing the books without meeting in person. Here's how they're doing it.

By Jane Thier • April 1, 2020

PwC: 87% of CFOs fear COVID-19 business impacts

In the two weeks since PricewaterhouseCoopers released its first survey, CFOs' fears about the long-term impacts of the virus have ballooned.

By Jane Thier • March 31, 2020

CFO's secret weapon against coronavirus: Scenario planning

Dennis McGonigle, CFO of SEI Investments, has run practices of business interruption and disaster events, including what they’d do in the case of a pandemic, with his company for years. Here's how he's managing COVID-19.

By Jane Thier • March 30, 2020

General Motors, Boeing CFOs share 'immediate, aggressive' cost-cutting plans

Both the automotive and airline industries are facing enormous challenges amid the coronavirus pandemic, with GM halting production altogether to focus on manufacturing much-needed ventilators. 

By Jane Thier • March 29, 2020

'CFO resiliency' key to surviving coronavirus crisis

Alok Ajmera, president and COO of financial management software company Prophix, knows exactly what CFOs need to do to get through the pandemic. He breaks it down for CFO Dive.

By Jane Thier • March 26, 2020

Gartner: 81% of CFOs to exceed contractual obligations to workers during pandemic

For many CFOs, helping employees is both ethical and future-focused, Dennis Gannon, VP of Gartner's finance practice, told CFO Dive. 

By Jane Thier • March 25, 2020

Government trying loans, payments, credit support to curb economic freefall

An open-ended bond-buying commitment and new credit facilities are added to what would be the most expensive piece of legislation in history if it passes.

By Robert Freedman • March 23, 2020

CFO uses financial frame to smooth leadership confict

Resource allocation is a constructive starting point for building a healthy corporate culture, NerdWallet’s finance leader says.

By Robert Freedman • March 20, 2020

NYC's largest hospital system hires new CFO

Niyum Gandhi has been Chief Population Health Officer at Mount Sinai Health System for five years. As New York City coronavirus cases jump to 2,500, the giant healthcare system announced his promotion. 

By Jane Thier • March 19, 2020

UBS CFO: 'We've experienced very few losses'

Kirt Gardner says the giant Swiss bank will weather the pandemic storm, thanks to its "conservative risk profile, high-quality credit portfolio and relatively limited exposure to highly impacted industries."

By Jane Thier • March 18, 2020

Slack, Zoom CFOs stay realistic as coronavirus spotlights remote work

With most of the country transitioning to remote work, video conferencing tool Zoom and instant messenger Slack are exploding in popularity. But their CFOs aren't quick to assume that it will have long-term benefits.

By Jane Thier • March 16, 2020

Markets drop despite Fed weekend rate cut on coronavirus

Stock trading had to be halted for the third time in recent weeks as pessimism over the government's coronavirus response overshadowed the Federal Reserve's latest monetary move.

By Robert Freedman • March 16, 2020

How cruise line and ski resort CFOs protect cash flow

Every industry is feeling the impacts of the global pandemic, but for CFOs of particularly vulnerable industries, planning is key.

By Jane Thier • March 15, 2020

GNC CFO on women in finance: 'Don't feel the need to explain yourself'

Tricia Tolivar has worked in male-dominated fields for 30 years. She explained to CFO Dive how, as CFO of a large public company, she works to level the playing field.

By Jane Thier • March 12, 2020