Leadership: Page 32
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Courtesy of FASB
KPMG alum rises to FASB leadership post as first female vice chair
Hillary Salo was already poised to extend women’s historic majority on the seven-member FASB when she joins in July. Now she will be its first female vice chair.
By Maura Webber Sadovi • May 24, 2024 -
hynci via Getty Images
Raymond James taps CAO as CFO successor
The wealth management company’s top accounting officer will assume the CFO role as finance chief Paul Shoukry preps to take over as CEO.
By Grace Noto • May 24, 2024 -
Explore the Trendline➔
Mario Tama via Getty Images
TrendlineTop 5 stories from CFO Dive
Tarifff headwinds along with the accounting talent shortage and the promises and traps of generative AI, are among the top issues CFOs are grappling with this year.
By CFO Dive staff -
Matthew Eisman/Getty Images for Pandora Media via Getty Images
Spotify vet tapped for VF Corp.’s CFO chair
The appointment is part of a broader leadership shake-up at the struggling footwear company as it tries to restore profitable growth.
By Alexei Alexis • May 23, 2024 -
JP Yim via Getty Images
Ralph Lauren revenue up slightly, CFO exits
The company said Q4 and fiscal 2024 were ahead year-over-year, but predicted upcoming declines and announced the departure of Jane Nielsen after eight years.
By Lara Ewen • May 23, 2024 -
Justin Sullivan via Getty Images
Red Lobster’s ‘erratic’ payments to vendors among bankruptcy warning signs: Creditsafe
The company’s average “days beyond terms” jumped from 15 in December to 30 in January, reaching 57 as of March.
By Alexei Alexis • May 22, 2024 -
Alex Wong via Getty Images
AI startup Anthropic brings in Airbnb alum as first CFO
Anthropic is getting its first-ever finance chief as the company attempts to crack AI’s “black box” in the face of growing ethical and security worries.
By Grace Noto • May 22, 2024 -
Courtesy of BCG
Q&AHow companies should approach compliance under multiple climate reporting regulations: BCG
BCG's Tim Mohin said the CFO "owns" the regulatory reporting process as their office is most responsible for financial statements that will include climate information in the future.
By Suman Bhattacharyya • May 22, 2024 -
metamorworks via Getty Images
Getting employees ahead of the AI learning curve: Tipalti CFO
Leaders need to ensure they’re offering opportunities for employees to experiment with AI before the technology is ready for “prime time,” CFO Sarah Spoja said.
By Grace Noto • May 21, 2024 -
Lynne Marek/CFO Dive
Deep DiveReal-time lessons for FedNow from Brazil, India
The fledgling U.S. instant payments system can learn from real-time systems that have flourished in Brazil and India using QR codes and broad missions, say industry professionals.
By Christiana Sciaudone • May 21, 2024 -
Laurence Dutton via Getty Images
Shadow IT surge threatens corporate data: report
OpenAI’s ChatGPT tool remains the most frequently used AI application in the workplace, according to the research.
By Alexei Alexis • May 21, 2024 -
NicoElNino via Getty Images
Ballooning AI budgets expected to face ROI pressure
As corporate AI expenditures grow, they will likely come under increased scrutiny in earnings calls, Gartner’s Frances Karamouzis said.
By Alexei Alexis • May 21, 2024 -
AnkiHoglund via Getty Images
Cerence CFO departs after two month tenure
Tempesta’s resignation marks the latest in a series of relatively short-tenured finance chiefs for Cerence as it faces a securities class action lawsuit and slumping revenues.
By Grace Noto • May 20, 2024 -
AndreyPopov via Getty Images
Want to fix the accounting talent shortage? Raise starting salaries, students say.
Mean starting salaries for accounting and related services majors in stood at $60,698 in 2022, according to the National Association of Colleges and Employers.
By Maura Webber Sadovi • May 20, 2024 -
Dan Kitwood via Getty Images
Grayscale CFO takes interim chief exec role as CEO exits
Edward McGee, the crypto asset manager’s finance chief, will serve as interim chief executive until Peter Mintzberg joins as its new CEO in August.
By Dan Ennis • May 20, 2024 -
metamorworks via Getty Images
CFO turnover at public companies neared three-year high in Q1
“[A]s economic uncertainty becomes the new normal for organizations, the trepidation to replace CFOs has dissipated,” Russell Reynolds Associates said.
By Alexei Alexis • May 17, 2024 -
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What’s the cost of the IT skills gap? IDC says $5.5 trillion by 2026
AI coding and workforce training capabilities could trim as much as $1 trillion from the losses by 2027, according to IDC researcher Gina Smith.
By Matt Ashare • May 17, 2024 -
Kate Tornone/CFO Dive
Employers should include workers in AI plans, DOL says
The agency outlined a list of eight “AI Principles for Developers and Employers” on Thursday, following up on a 2023 directive from the White House.
By Ryan Golden • May 16, 2024 -
Sakorn Sukkasemsakorn
Nonprofit MDA CFO attributes $5M cost reduction to streamlined operations, tech
Since rising to the CFO chair in 2018, Michael Kennedy pared down the nonprofit’s back-end from 65 systems to one platform.
By Grace Noto • May 16, 2024 -
Courtesy of Kyriba
First-time CFO looks to sharpen Kyriba’s FP&A approach
Adam Drew in March became the San Diego, California-based treasury and finance platform provider’s first permanent CFO in more than a year.
By Maura Webber Sadovi • May 16, 2024 -
U.S. Navy. (31 March 2009). "Northrop Grumman's E-2D Advanced Hawkeye aircraft" [Photograph]. Retrieved from Wikimedia Commons.
Northrop Grumman names new CFO in leadership shake-up
The transition comes on the heels of some volatility in the defense industry giant’s financial performance.
By Alexei Alexis • May 15, 2024 -
Tim Boyle via Getty Images
Companies are choosing leaner operations over price hikes: BCG
Passing on cost increases to inflation-weary consumers is challenging, but not raising prices carries its own risks.
By Suman Bhattacharyya • May 15, 2024 -
hapabapa via Getty Images
Brex CFO mulls long-term IPO scenario but keeps eye on costs, ROI
The prevailing attitude among companies seeking to go public is to achieve profitability beforehand, Ben Gammell said.
By Grace Noto • May 14, 2024 -
Eoneren via Getty Images
Cybersecurity ops budgets expected to climb: KPMG
The average annual budget for SOCs — a one-stop shop for managing cyber threats — is $14.6 million, according to a KPMG survey of large firms.
By Maura Webber Sadovi • May 14, 2024 -
Laurence Dutton via Getty Images
OpinionThe problem that made ‘zero-based budgeting’ unachievable just got solved
Accounting for every dollar was largely just an elusive aspiration in finance circles — until artificial intelligence arrived, writes Globality’s Seth Catalli.
By Seth Catalli • May 14, 2024 -
Kevin Dietsch/Getty Images via Getty Images
How CFOs can keep shipping costs under control: Contracts, fees, timing
Finance chiefs need to find “consultative” partners that will work to eliminate waste and drive down transport costs, experts say.
By Chris Gaetano • May 13, 2024
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