Guess CFO resigns after one year

The finance chief’s abrupt departure comes on the heels of the apparel manufacturer’s deal earlier this year to buy the trendy fashion brand Rag & Bone.

By Maura Webber Sadovi • Aug. 19, 2024

RBC doubles down on its portrait of ex-CFO’s firing

The bank detailed mementos and texts Nadine Ahn and another exec exchanged, a promotion plan called “Project Ken” and a time when Ahn fired an employee in a “substantively identical” situation.

By Dan Ennis • Aug. 19, 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

Applied finance AI: unlocking transformation across the office of the CFO

Early AI tools fell short for Finance. Next-gen applied, purpose-built AI solutions unlock true value and widespread adoption.

Aug. 19, 2024

Building constructive partnerships to drive digital transformation

Effective digital transformation today means making a much deeper commitment than just buying a new IT product or upgrade, AICPA’s Tom Hood writes.

By Tom Hood • Aug. 16, 2024

To drive AI efficiency, CFOs must focus on its ‘fuel’: OneTrust

As the AI age dawns, CFOs need to be sure they’re focusing on what actually makes that technology tick — data, CFO Guido Torrini says.

By Grace Noto • Aug. 16, 2024

Walmart used AI to crunch 850M product data points and improve CX

“We're finding tangible ways to leverage generative AI to improve the customer, member and associate experience,” Walmart CEO Doug McMillon said.

By Bryan Wassel • Aug. 15, 2024

Cisco plans to cut 7% of workforce amid AI push

The tech giant is “shifting hundreds of millions of dollars” into artificial intelligence and other growth areas of its business, CEO Chuck Robbins said.

By Alexei Alexis • Aug. 15, 2024

Skanska hires new CFO

Jonas Rickberg is currently CFO at Swedish truck maker Scania Group.

By Zachary Phillips • Aug. 15, 2024

Women rise to five-year high in CFO appointments

Accenture, Ford and Google parent Alphabet are among companies that have appointed women to top finance posts this year.

By Alexei Alexis • Aug. 14, 2024

Chipotle CFO postpones retirement; stays on in president role

Jack Hartung will stay on to help advise Chipotle’s leadership following Brian Niccol’s planned jump to Starbucks.

By Grace Noto • Aug. 14, 2024

Starbucks taps CFO for interim CEO in midst of leadership shift

Starbucks alum Rachel Ruggeri will step in as interim CEO as the coffee chain continues to fight labor activists and political protesters, leading to slumping sales.

By Grace Noto • Aug. 13, 2024

M&A, vendor reliance help drive up ransomware threat: report

The financial severity of claims related to ransomware attacks increased more than 400% from 2022 to 2023, the study found.

By Alexei Alexis • Aug. 13, 2024

Bolstering the CFO-CRO relationship to ensure AI investment returns

The CFO and CRO can serve as a crucial duo as organizations face pressure to launch revenue-generating AI projects, writes MinIO CFO Mark Khavkin.

By Mark Khavkin • Aug. 13, 2024

SEC slaps $3.5M fine on former Ideanomics CEO for alleged fraud

Since its inception in 2004, Ideanomics has switched its business model at least three times, from video on demand to petroleum trading products to electronic vehicle services.

By Jim Tyson • Aug. 12, 2024

Fractional experts, AI can ease pressures on ‘overextended’ finance teams

CFOs need to bring flexibility to overburdened finance teams to navigate economic headwinds, Paro’s Michael Burdick said.

By Grace Noto • Aug. 12, 2024

RBC ex-CFO sues bank for $35.6M

Nadine Ahn and Ken Mason, another fired RBC exec, didn't have an affair, each said in court filings, contrary to a “clear insinuation” from the bank. Further, Ahn said she missed out on a path to CEO.

By Dan Ennis • Aug. 12, 2024

Disney anticipates ‘flattish’ theme park revenues in Q4: CFO

Lower income consumers are “feeling a little bit of stress," while high income individuals are "traveling internationally a bit more,” CFO Hugh Johnston said.

By Alexei Alexis • Aug. 8, 2024

CFOs must act as data, decision-making center: Pigment

CFOs need access to a wide range of data to ensure they can react speedily to market challenges, Pigment CEO Eleonore Crespo says.

By Grace Noto • Aug. 8, 2024

AI prep is top challenge for companies drowning in ‘unstructured data’

The AI boom is forcing companies to consider data management upgrades, as some face budget constraints.

By Alexei Alexis • Aug. 7, 2024

ZoomInfo shares plummet after weak quarter, CFO departure

ZoomInfo’s VP of FP&A will step in as interim CFO as the company turns to AI to bolster its financials after offering weak guidance.

By Grace Noto • Aug. 6, 2024

Most big-company clawback policies go beyond SEC rules

Companies tend to want more executives to give back more types of compensation for more types of problems than what the government requires of them, an analysis finds.

By Robert Freedman • Aug. 6, 2024

Warehouse robot momentum faces cost, ROI challenges

Companies that invest in the pricey technology may need to wait two to three years on average to see a return on investment, market analyst Ash Sharma said.

By Alexei Alexis • Aug. 6, 2024

KPMG aims to bolster tech consulting position in Rhino.AI deal

The combination will help companies modernize their legacy IT systems with “faster time to value” and lower costs, according to Rhino.AI.

By Alexei Alexis • Aug. 6, 2024

Tyson surprise chicken profit leads to ‘positive turnaround’

The meat processor’s focus remains on maintaining its financial strength after seeing a surprise $244 million profit for its chicken segment, interim CFO Curt Calaway said.

By Grace Noto • Aug. 5, 2024

Insured loss impact could reach $1B following CrowdStrike outage

Guy Carpenter said it could be worse: Had the incident involved a ransomware attack, losses could have reached $2 billion.

By David Jones • Aug. 5, 2024