Leadership: Page 2


  • MIT
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    William B. Plowman via Getty Images
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    Minority CPAs drop 26% after 150-hour rule: MIT

    Proponents of the more onerous rule say it raises the quality of accounting services. The study’s authors found “scant evidence.”

    By Feb. 9, 2024
  • Enerpac hydraulic lift
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    Courtesy of Enerpac
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    Enerpac Tool appoints interim finance chief

    The Menomonee Falls, Wisconsin-based industrial tool maker appointed its head of financial planning to the interim CFO position. 

    By Feb. 9, 2024
  • U.S. mint Explore the Trendline
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    tsimage via Getty Images
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    Trendline

    Top 5 stories from CFO Dive

    Cooling inflation, an M&A rebound and an AI reckoning are among the top forces that could shape the corporate finance world this year.

    By CFO Dive staff
  • The Walgreens logo is displayed outside a store.
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    Scott Olson via Getty Images
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    Walgreens names permanent CFO in management shakeup

    The pharmacy chain’s recently-installed CEO announced executive team changes as the company looks for a fresh start after financial struggles.

    By Feb. 8, 2024
  • A woman walks past an H&R Block office.
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    Drew Angerer via Getty Images
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    Earnings season CFO moves pile up: Prudential, H&R Block

    Announcing CFO exits and entrances during earnings season can pave the way to a smooth transition — but there can be downsides.

    By Feb. 7, 2024
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    Chip Somodevilla via Getty Images
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    CEO, CFO compensation clawback helps tech firm skirt SEC fine

    Cloopen Group avoided civil penalties after cooperating with the agency and taking remedial steps, despite an accounting fraud scandal that triggered SEC charges.

    By Feb. 7, 2024
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    Spencer Platt via Getty Images
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    Profit is the ‘high value’ IPO ticket, NetSuite execs say

    As the IPO market recovers, investors are putting a premium on companies that have demonstrated stable profitability.

    By Feb. 7, 2024
  • Costco storefront.
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    Kaarin Vembar/CFO Dive
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    Costco taps former Kroger finance chief to serve as CFO

    Gary Millerchip, a key architect of the grocer’s pending merger with Albertsons, is taking over from Richard Galanti, who is leaving the club retailer after nearly 40 years.

    By Catherine Douglas Moran • Feb. 6, 2024
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    (Justin Sullivan/Getty Images) via Getty Images
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    Clorox says it incurred $49M in costs from 2023 cyberattack

    The breach caused system disruptions that led to order processing delays and “significant product outages,” negatively impacting net sales and earnings.

    By Feb. 6, 2024
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    dem10 via Getty Images
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    Opinion

    The fight against cyber fraud: How to up your game in 2024

    CFOs face an increasingly daunting fraud landscape — from deep-fake phone calls to AI-generated text messages, writes Trustpair CEO Baptiste Collot.

    By Baptiste Collot • Feb. 6, 2024
  • A hand holds a bundle of herbs above a fiery double-decker grill with Meati Steaks and Cutlets with grill marks on the bottom left, asparagus on the bottom right, and a frying pan of stir fry and corn
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    Courtesy of Meati Foods
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    Bass Pro, Patagonia vet takes Meati Foods CFO seat

    Founded in 2017, the company said its new finance chief will oversee capital expenditures needed to drive its continued expansion.

    By Feb. 5, 2024
  • Group of friends shopping
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    martin-dm via Getty Images
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    Solo Brands appoints Vitamin Shoppe exec as new CFO

    The leadership swap comes after Solo replaced its CEO and lowered its revenue guidance for 2023 following disappointing sales.   

    By Feb. 5, 2024
  • A BP sign displays prices at a gas station.
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    Joe Raedle via Getty Images
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    BP makes interim CFO permanent

    With Kate Thomson, the London-based oil giant holds a spot in the still relatively rarefied ranks of major companies with women in the top finance seat.

    By Feb. 2, 2024
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    metamorworks via Getty Images
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    PwC veteran talks cracking the IT, finance silos

    Finance chiefs need to be sure they are opening communication channels between other executive leaders to tell ‘the right digital transformation story.’

    By Feb. 1, 2024
  • A photo of Sanofi headquarters in Paris, France.
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    Courtesy of Sanofi
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    Sanofi appoints Nestlé executive as new finance chief

    François-Xavier Roger will replace current CFO Jean-Baptiste Chasseloup de Chatillon as Sanofi continues a research pivot and cost-cutting drive.

    By Delilah Alvarado • Feb. 1, 2024
  • SEC wins legal victory against former tech CFO in accounting fraud case

    Former CFO Karen Rosenberger is accused of helping software provider Synchronoss to engage in “long-running accounting improprieties.”

    By Jan. 31, 2024
  • Jerome Powell
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    Win McNamee via Getty Images
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    Fed holds main rate steady, wants ‘greater confidence’ inflation falling

    The central bank dropped a prior reference to “additional policy firming” but gave no support to market expectations that it will soon reduce interest rates. 

    By Jan. 31, 2024
  • A birds-eye picture of a stethoscope and piggy bank against a blue background
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    erdikocak via Getty Images
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    Healthcare CFOs explore M&A, automation and service line cuts in 2024

    Companies grappling with liquidity concerns are looking to cut costs and streamline operations, according to a new survey.

    By Susanna Vogel • Jan. 31, 2024
  • Minnesota State Capitol
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    Stephen Maturen via Getty Images
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    Targeting the accounting shortage: 2024 tactics

    With controversial state legislation and big changes for CPA exam takers afoot, this year could be a volatile one for accounting players.

    By Jan. 30, 2024
  • Wide shot of three business people sitting in cubicles, in a communal office space, using laptops.
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    fotostorm via Getty Images
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    One in four companies ban GenAI

    The research by Cisco found that generative artificial intelligence tools are putting many companies’ sensitive data at increased risk of public exposure.

    By Jan. 30, 2024
  • Person carries their belongings out of an office
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    pcess609 via Getty Images
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    Tech CFOs kick off 2024 with flurry of layoffs

    The latest layoffs show that many tech CFOs remain laser-focused on ensuring long-term profitability in an uncertain economic environment, analysts said.

    By Jan. 30, 2024
  • Shot of armored truck in front of SVB headquarters
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    Justin Sullivan via Getty Images
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    TIAA sues SVB ex-CEO, ex-CFO to recoup investment losses

    The conduct of Silicon Valley Bank’s former leaders has come under heavy fire since its collapse last year, which marked the largest banking failure seen since 2008.

    By Jan. 29, 2024
  • A Southwest Airlines take off past the control tower at Burbank Hollywood Airport on September 25, 2023 in Burbank, California.
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    Justin Sullivan / Staff via Getty Images
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    Southwest Airlines to spend $1.7B on tech, cloud migration this year

    The commercial carrier has shifted just under half of its tech estate to cloud, President and CEO Bob Jordan said Thursday.

    By Matt Ashare • Jan. 29, 2024
  • A general view of the headquarters of SAP AG, Germany's largest software company on January 8, 2013 in Walldorf, Germany.
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    Thomas Lohnes / Stringer via Getty Images
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    What’s behind SAP’s massive restructuring push?

    “Cloud is the big elephant in the room for SAP,” Forrester VP and Principal Analyst Liz Herbert said.

    By Matt Ashare • Jan. 26, 2024
  • Shot of Superdry storefront
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    Ian Gavan via Getty Images
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    Superdry CFO to depart as UK retailer warns of rough market conditions

    The departure marks the fourth finance chief to leave the troubled retailer in a half-decade.  

    By Jan. 26, 2024
  • Securities and Exchange Commission (SEC) Chair Gary Gensler listens during a meeting.
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    Anna Moneymaker via Getty Images
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    SEC kicks dead SPAC horse with new rules

    The commission is taking action to rein in SPACs as the once booming market is struggling to recover from a slump.

    By Jan. 25, 2024