Leadership: Page 29
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Joann files for bankruptcy; secures $132M in new financing
The craft retailer’s long-anticipated bankruptcy follows a $400k cash retention bonus paid out to its CFO.
By Grace Noto • March 18, 2024 -
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Joann approves $400K CFO retention bonus amid bankruptcy speculation
The struggling craft supplies retailer approved the bonus as it continues its hunt for a permanent CEO while facing liquidity and inventory challenges.
By Grace Noto • March 15, 2024 -
Explore the Trendline➔
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TrendlineDigital 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 -
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Ex-Trulieve CFO sued over alleged scheme to ‘raid’ corporate coffers
The former CFO is accused of misappropriating hundreds of thousands of dollars for personal expenses, all under the pretense of business-related costs.
By Alexei Alexis • March 14, 2024 -
Courtesy of The Rockefeller Foundation
Q&ARockefeller Foundation’s new CFO: Climate crisis is a ‘big motivator’
Keith Olson took the finance reins of the 111-year-old philanthropic powerhouse earlier this month. He is an alum of the Bill & Melinda Gates Foundation.
By Maura Webber Sadovi • March 14, 2024 -
Courtesy of Popeyes
Popeyes parent names new CFO in leadership shakeup
The company named Sami Siddiqui as its CFO while Jeff Klein will fill Siddiqui’s previous role as president of Popeyes U.S.
By Julie Littman • March 14, 2024 -
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Apex Fintech CFO looks to identify key skill gaps ahead of potential IPO
Nasdaq alum Chantal Wessels is aiming to identify the critical skill sets and technologies Apex might need as it consolidates its plans for an IPO.
By Grace Noto • March 13, 2024 -
Christopher Furlong via Getty Images
EU lawmakers pass sweeping AI rules with global reach, stiff penalties
Penalties include up to €35 million or 7% of a company’s total worldwide annual turnover — whichever is higher — for violations of a ban on “emotion recognition” in the workplace.
By Alexei Alexis • March 13, 2024 -
Scott Barbour via Getty Images
HSBC alum returns as Americas CFO
Andrew Fullam is returning to the London-based bank about a year after leaving to head up Enterprise Financial Planning & Analysis at Wells Fargo.
By Maura Webber Sadovi • March 13, 2024 -
Bilanol/iStock/Getty Images Plus via Getty Images
Affirm CFO swears off auto lending, for now
The buy now, pay later company seeks to be involved in more consumer spending opportunities, but finance chief Michael Linford all but ruled out auto lending.
By Caitlin Mullen • March 13, 2024 -
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Lack of C-suite trust puts focus on transparency, coordination: PwC
Building trust in the C-suite requires a “common view of prioritization,” PwC’s Wes Bricker said.
By Grace Noto • March 12, 2024 -
Joe Raedle via Getty Images
Peloton CFO leans on cost cutting to reverse post-pandemic slump
Finance chief Liz Coddington is cutting overhead costs and driving more revenue from Peloton’s digital subscription and bike rental businesses.
By Suman Bhattacharyya • March 12, 2024 -
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New SEC cyber rules draw ‘question-begging’ breach disclosures
Filers may be opening the door to investor confusion by reporting breaches that don’t appear to be “material” as described, without explaining why they’re doing so.
By Alexei Alexis • March 12, 2024 -
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Costs, not security, worry enterprise leaders most as cloud estates multiply
Optimizing spend surpassed security among enterprise concerns, Flexera’s annual survey found.
By Matt Ashare • March 12, 2024 -
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AI deepfakes targeted in Biden’s State of the Union speech
The president’s remarks come amid growing concerns about the potential use of deepfakes to wreak havoc in elections or perpetrate fraud against businesses.
By Alexei Alexis • March 12, 2024 -
Kent Nishimura via Getty Images
OpenAI quells some enterprise fears as leadership saga concludes
The AI startup’s board expansion to include more enterprise experience will partly allay customer worries, one expert said, but safety concerns across vendors persist.
By Lindsey Wilkinson • March 11, 2024 -
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Skechers to pay $1.25M fine for undisclosed payments: SEC
The civil penalty comes as the SEC widens its spotlight on executive compensation and benefits.
By Grace Noto • March 11, 2024 -
Permission granted by Andy Gerit
Visa spends ‘billions’ battling cybersecurity threats
“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.
By Lynne Marek • March 11, 2024 -
Jacob Blanck. Retrieved from Wikimedia Commons.
Costco’s retiring CFO calls inflation ‘essentially flat’
The flat metric seen in Costco’s latest quarter is a marked change. CFO Richard Galanti noted inflation soared as high as 9% a couple years ago.
By Maura Webber Sadovi • March 8, 2024 -
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Regional bank execs push back on CRE risk fears
Regional banks are working to manage exposure to the office sector, but executives say they will skirt a regional banking crisis.
By Suman Bhattacharyya • March 8, 2024 -
Roy Rochlin via Getty Images
Funko CFO to step down as toymaker preps for ‘softer’ content schedule
Steve Nave is departing after largely executing his financial and operational goals. The CFO's resignation comes as Funko continues to brace for economic headwinds.
By Grace Noto • March 8, 2024 -
Alex Wong via Getty Images
SEC approves final climate disclosure rule, starts compliance countdown
The rule passed by a 3-2 vote Wednesday morning, absent requirements for scope 3 reporting and slimmer scope 1 and scope 2 requirements.
By Lamar Johnson • March 7, 2024 -
Courtesy of The Chemours Co.
Chemours says CEO, CFO violated ethics code
The executives engaged in financial practices that triggered an anonymous report to the Chemours ethics hotline, the company said.
By Alexei Alexis • March 7, 2024 -
Courtesy of Costco
Q&ACostco CFO ‘voice’ looks back on 40 years, $1.50 hot dogs and leadership
Richard Galanti thought he might stay four years at what was then a retail startup. Costco’s CFO stayed about four decades.
By Maura Webber Sadovi • March 7, 2024 -
Peyton Bigora/CFO Dive
GE finance veteran to join United Natural Foods
The food distributor announced that its sitting CFO will soon leave the company as it struggles with weak sales.
By Alexei Alexis • March 6, 2024 -
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Pillar 2 tax heightens CFO need for quality data
In 2021 more than 130 countries agreed to implement Pillar 2, which seeks to set a global minimum effective tax rate of 15% for certain multinational enterprises.
By Grace Noto • March 6, 2024
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