Shutterstock promotes former Getty Images CFO to finance chief

Getty alum Rik Powell will move to Shutterstock's top financial seat as it focuses on continuing to improve revenues for its content segment.

By Grace Noto • Oct. 29, 2024

Tech leaders brace for high-stakes election

It’s unclear whether a Trump or Harris presidency would bring regulatory relief to big tech, which has faced growing antitrust scrutiny in Washington.

By Alexei Alexis • Oct. 29, 2024

Explore the Trendline➔

Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

KPMG pilots AI agents

The Big Four accounting and consulting firm is interested in becoming a leader in the emerging AI agent space.

By Alexei Alexis • Oct. 29, 2024

$816M ExxonMobil verdict is latest as juries seek environmental justice

No easing is in sight as companies face backlash for the impact their products have on the environment and public safety, a ruling shows. 

By Jennifer Paley • Oct. 28, 2024

Tesla earnings rise on energy storage surge

The EV maker remains focused on offering “extremely compelling” vehicle financing as demand in the overall industry continues to wane, Tesla CFO Vaibhav Taneja said.

By Grace Noto • Oct. 25, 2024

Southwest details board travel perks as ex-Chevron CFO joins new director slate

The airline's board compensation package includes free travel on Southwest for each non-employee director, their spouse and children and 50 “unrestricted” one-way flight passes annually.

By Maura Webber Sadovi • Oct. 25, 2024

Honeywell sales fall short amid warehouse automation weakness

“We navigated through a challenging operational environment in the third quarter,” CFO Greg Lewis said.

By Alexei Alexis • Oct. 24, 2024

CFOs eye ROI ‘push pull’ for AI, growth balance: Heidrick & Struggles

To truly gauge the ROI of their GenAI investments, CFOs need to consider their strategic as well as their financial impact, Heidrick & Struggles’ Sachi Vora advised.

By Grace Noto • Oct. 24, 2024

Morningstar CFO to step down after 7-plus years

Over the course of Jason Dubinsky’s tenure as finance chief, Morningstar’s revenue, operating profit and cash flow have more than doubled, the company said.

By Maura Webber Sadovi • Oct. 24, 2024

CFO competence ranked as a top factor in investor decisions

Investors are willing to increase their initial investment in an organization by an average of 2.6% when the CFO is the key strategic growth driver, OneStream found.

By Alexei Alexis • Oct. 23, 2024

Red Lobster names Checkers alum CFO after Chapter 11 restructuring

Bob Baker brings more than three decades of restaurant industry experience to his new position, having held finance chief roles at Checkers & Rally, Benihana, Pieology Pizzeria, and Café Rio Mexican Grill.

By Grace Noto • Oct. 23, 2024

CFOs key to effective AI change management: ShareFile

Isolating the technology’s “tangible value” is key to executing a successful, cost-effective AI strategy, ShareFile’s David Le Strat said.

By Grace Noto • Oct. 22, 2024

HSBC names first woman CFO amid restructuring

The bank is simplifying its business into four spheres and has tapped its chief risk and compliance officer, Pam Kaur, to become its next finance chief.

By Gabrielle Saulsbery • Oct. 22, 2024

Microsoft ups finance automation game with ‘AI agents’

The move comes as the AI innovation race among enterprise software providers is heating up.

By Alexei Alexis • Oct. 22, 2024

Only 15% of companies have ROI metrics for GenAI: KPMG

The finding comes as many enterprises are deploying the technology on a larger scale.

By Alexei Alexis • Oct. 22, 2024

Huntington Bank CFO sees acceleration of fintech venture opportunities

Declining interest rates are opening the gateway for a “regrowth” of funding activity, Huntington Bank CFO Zachary Wasserman said.

By Grace Noto • Oct. 21, 2024

EY, PwC voice cautious support for 120-credit hour CPA licensure

The Big Four accounting firms are now all signalling varied degrees of support for a CPA licensure option that would require 30 fewer college credit hours.

By Maura Webber Sadovi • Oct. 18, 2024

Ex-Tyson CFO pleads guilty to drunk driving

The son of the company’s chairman and ex-CFO pleaded guilty to charges stemming from his second alcohol-related arrest in two years.

By Grace Noto • Oct. 18, 2024

AICPA joins backlash against TurboTax ad campaign

The group said Intuit’s decision to halt the ad, which also drew pushback from the National Association of Tax Professionals, is a “positive step.”

By Alexei Alexis • Oct. 17, 2024

Sage Therapeutics CFO, GC, CTO to depart in wide restructuring plan

The biotech will also be reducing its total workforce by approximately 33% and tapped its COO to take on responsibilities for finance as part of the restructuring.  

By Grace Noto • Oct. 17, 2024

Election 2024: Where Harris, Trump stand on AI regulation

Analysts expect Kamala Harris to largely continue the current approach to AI oversight, while Donald Trump’s promise to repeal a Biden executive order signals a major shift.

By Lindsey Wilkinson • Oct. 17, 2024

November election, event risks loom, drive volatility: Bloomberg Intelligence

Finance chiefs should look to maintain robust, flexible portfolios as election and economic risks continue to impact volatility, Bloomberg’s Tanvir Sandhu advised.

By Grace Noto • Oct. 16, 2024

Companies to shift 9% more nearshoring to Mexico

Mexico is poised to replace Canada as the second-most popular country for nearshoring, as its share of U.S.-serving supply chains is expected to rise to 36%.

By Maura Webber Sadovi • Oct. 15, 2024

S&P Global swipes State Street CFO for finance chief

The credit ratings firm will pay State Street CFO Eric Aboaf a $2.4 million signing bonus when he takes their top financial seat in February.

By Grace Noto • Oct. 15, 2024

How hasty digital transformations can backfire

The stakes are high as companies race to adopt cutting-edge technologies like artificial intelligence and look to avoid falling behind competitors.

By Alexei Alexis • Oct. 15, 2024