Intel CFO takes interim co-CEO role after board ousts top exec

CFO David Zinsner will step in as interim co-CEO as Intel races to regain lost ground in the GenAI race after reporting a record loss of $16.6 billion for its most recent quarter. 

By Grace Noto • Dec. 3, 2024

Note from the Editor-in-Chief

A change in ownership and what it means for our readers.

By Davide Savenije • Dec. 3, 2024

Explore the Trendline➔

Navigating risk in turbulent times

CFOs must help their organizations mitigate risks by balancing the need for both growth and stability. 

By CFO Dive staff

Inside T. Rowe Price’s AI-driven spend transformation

Steps to overhaul the company’s spending approach have resulted in cost savings of more than $40 million, according to procurement chief Harold Wu.

By Alexei Alexis • Dec. 3, 2024

AI is becoming part of the CFO’s toolkit — like it or not

The question for CFOs isn’t whether they need AI, but how long they can survive without it, says Runway CEO Siqi Chen.

By Siqi Chen • Dec. 3, 2024

Bumble’s CFO resigns amid leadership shuffle

Anu Subramanian will step down from the CFO role in March after serving as the dating app provider’s finance chief since 2020.

By Maura Webber Sadovi • Dec. 2, 2024

Shifting data from liability to asset: Bloomfire CEO

In the AI era, CFOs need to ensure they’re focused on specific challenges when it comes to their data management strategies to get the most out of unstructured data, Bloomfire CEO Ben Little says.

By Grace Noto • Dec. 2, 2024

Samsung CFO takes on new role in management shake-up

The shift comes on the heels of profit struggles at Samsung and the company’s public apology to investors.

By Alexei Alexis • Nov. 27, 2024

Abercrombie & Fitch Co. taps new CFO as sales surge 14%

The Abercrombie and Hollister brands both saw strong double-digit growth in the third quarter, despite weather disruptions.

By Nate Delesline III • Nov. 27, 2024

Top takeaways from 2024 MIT Sloan CFO conference

Many finance leaders at this year’s MIT Sloan CFO conference seemed buoyed by recent rate cuts and the prospect of a more business-friendly climate in the offing. 

By Maura Webber Sadovi • Nov. 26, 2024

Scotts Miracle-Gro appoints interim CFO in leadership shift

Treasurer Mark Scheiwer will step in as interim CFO as Scotts looks to execute a “turnaround” for its cannabis-focused subsidiary, where sales plummeted by 46% during its most recent quarter.  

By Grace Noto • Nov. 26, 2024

Zoom rebrands, aims to be known as ‘AI-first’ company

“Zoom is now about so much more than video meetings,” CEO Eric Yuan said.

By Alexei Alexis • Nov. 26, 2024

AI rush is fueling tech debt ‘tsunami’: Forrester

The research highlights the growing challenges faced by businesses as they scramble to adopt AI and avoid falling behind competitors.

By Alexei Alexis • Nov. 26, 2024

Intuit rolls out AI QuickBooks enhancements as CEO eyes AI agents

The upgrades to QuickBooks come as the firm targets AI agents that could potentially replace CFOs and other executives in the C-suite, the CEO said.

By Suman Bhattacharyya • Nov. 25, 2024

Climate protesters disrupt Saudi Aramco CFO talk at MIT conference

Saudi Aramco CFO Ziad Al-Murshed’s talk ended abruptly Thursday after climate protesters took the stage at the MIT Sloan CFO Summit in suburban Boston.

By Maura Webber Sadovi • Nov. 22, 2024

Evolv CFO latest to depart during misconduct, revenue misstatement investigation

The security technology provider will pay a weekly $50,000 fee to AlixPartners in exchange for the services of its director David Rawden as interim CFO.

By Grace Noto • Nov. 22, 2024

CFOs zero in on AI ‘auditability’ for 2025: Visual Lease

CFOs are keeping their focus on finding AI tools with “some good bit of traceability” in the face of a rising tide of potential vendors, Visual Lease’s Amie Durr said.  

By Grace Noto • Nov. 21, 2024

KPMG to invest $100M in Google Cloud effort

The move expands an existing alliance as KPMG looks to bolster its consulting services, including by developing advanced generative AI agents.

By Alexei Alexis • Nov. 21, 2024

Coupa’s new CFO eyes AI’s ‘market tailwinds’

Michael Agresta is taking the spend management company’s finance reins less than a year after it was taken private in an $8 billion deal.

By Maura Webber Sadovi • Nov. 21, 2024

Trump win, interest rate cuts could spur M&A spike next year: EY

Dealmakers are “energized” by the prospect of less regulation in the coming Trump administration as well as continued interest rate cuts, said EY’s Mitch Berlin.

By Alexei Alexis • Nov. 20, 2024

Walmart CFO keeps eye on prices, tariffs

Walmart is looking to continue to attract high-income consumers with the right price mix, even as CFO John Rainey anticipates price hikes in the face of potential tariffs.

By Grace Noto • Nov. 20, 2024

Wendy’s hires UPS veteran for CFO

Ken Cook joins Wendy's as it closes some weak locations but sees overall sales strength relative to other chains in the burger-quick service restaurant category.

By Aneurin Canham-Clyne • Nov. 20, 2024

Why AI alone won’t solve biased underwriting

Combining AI advances with thoughtful, human-powered selection of risk data that benefit the members of underserved communities is the winning strategy for fairer underwriting, Jin Han writes.

By Jin Han • Nov. 20, 2024

Spirit Airlines cleared $5.4M in retention awards before bankruptcy

The budget airline’s CEO will receive a $3.8 million retention payment while its CFO will get $175,000, according to an SEC filing.

By Maura Webber Sadovi • Nov. 19, 2024

C-suites vie for shrinking pool of experienced CFOs: Russell Reynolds

There’s a growing “agnosticism” surrounding the age of finance chiefs as the supply of experienced CFOs grows more constricted, Russell Reynolds’ Jenna Fisher said.  

By Grace Noto • Nov. 19, 2024

Trump’s DOJ pick has backed tough antitrust actions against big tech

Even if the controversial nominee is confirmed, it’s not yet clear if his “surprising” antitrust positions will be adopted in the Trump administration, analysts said.

By Alexei Alexis • Nov. 19, 2024