Next-gen CFOs: Forging a new path

The finance chief has long been more than a routine number-cruncher. For Gen Z, the route to the CFO chair will likely better reflect the role’s complexity.

By Grace Noto • Nov. 16, 2023

‘Cash is king’ carries new weight in high-rate, SVB era

The higher cost of capital has executives doubling down on cash by incentivizing customers to pay sooner and holding inventory reins tighter, according to panelists at the MIT Sloan CFO Summit.

By Maura Webber Sadovi • Nov. 15, 2023

Explore the Trendline➔

Digital 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

Lowe’s veteran tapped for Advance Auto CFO seat

The appointment comes as the auto parts supplier is focused on a comprehensive review of the business after posting weak financial results this year.

By Alexei Alexis • Nov. 15, 2023

Orsted CFO, COO step down following large losses

The two executives are departing as the offshore wind industry flounders among rising interest rates, narrowing margins and challenged supply chains.

By Grace Noto • Nov. 14, 2023

Express Inc. CFO is out

Jason Judd arrived from Big Lots just last year, before the recent appointment of Stewart Glendinning as CEO.

By Daphne Howland • Nov. 14, 2023

Finance teams lag behind HR, legal in AI adoption: Gartner

“CFOs want to be sure they can trust the technology, and part of that trust is understanding how it works and where it fits” within the finance function, Gartner’s Marco Steecker said.

By Alexei Alexis • Nov. 14, 2023

Escalating SaaS prices outpace CPI inflation

Software-as-a-service spending now accounts for 14.1% of a typical company’s expense line, up from 12.7% last year, according to research from Vertice. 

By Alexei Alexis • Nov. 14, 2023

Revolut appoints interim CFO as it races to meet filing deadline

Revolut’s interim CFO and new U.K. CEO face an upward battle to win the fintech’s long-sought after U.K. banking license.

By Grace Noto • Nov. 10, 2023

Why CFOs must remove barriers to growth in a ‘deadweight’ economy

What sets apart leading efficient-growth companies is the way they remove barriers or “growth anchors” that impede action, Gartner’s Dennis Gannon writes.

By Dennis Gannon • Nov. 10, 2023

AppLovin’s FP&A leader to replace CFO

The current finance chief is stepping down to explore new career opportunities while remaining on the company’s board.

By Alexei Alexis • Nov. 9, 2023

Deloitte brings GenAI to audit, accounting professionals with new bot

GenAI isn’t likely to replace accountants any time soon — but firms like Deloitte are already integrating it into their accounting and audit practices.

By Grace Noto • Nov. 9, 2023

MGM Resorts anticipates no further disruptions from September cyberattack

The company expects insurance to cover more than $100 million in losses stemming from lost bookings and disruptions at its Las Vegas properties.

By David Jones • Nov. 9, 2023

Nextdoor plans 25% staff reduction, as CFO resigns

The disclosures came as the social networking app provider reported a third quarter net loss of $38 million, compared with $35 million in the year-ago period.

By Alexei Alexis • Nov. 8, 2023

Emails tie Ivanka Trump to lenders, ex-CFO. She doesn’t recall much of it.

Appearing a week after her two brothers, the former president’s daughter took her turn on the stand testifying in the $250 million civil fraud trial.

By Maura Webber Sadovi • Nov. 8, 2023

Half of cloud transformations are ‘abject failures’

As the technology matures, CFOs are asking CIOs to justify the business value of existing migrations, HFS CEO and Chief Analyst Phil Fersht said.

By Matt Ashare • Nov. 8, 2023

Modern CFOs must balance finance, data skills: Baker Tilly

CFOs need to be honest about their own strengths and look for talent that can help them fill the gaps, Baker Tilly’s Jennifer Finger said.  

By Grace Noto • Nov. 7, 2023

Microsoft-backed study shows AI investments producing returns

For every $1 companies invest in AI, they are realizing an average of $3.50 in return, the report says.

By Alexei Alexis • Nov. 7, 2023

Palo Alto agrees to buy Talon Cyber Security in M&A ramp-up

The agreement is Palo Alto Networks’ second acquisition of an Israeli tech startup since the start of the Israel-Hamas war last month.

By Alexei Alexis • Nov. 7, 2023

Combative Trump is lukewarm on ex-CFO’s financial reports

Testifying in the $250 million civil fraud case against him, ex-President Trump pinned the main responsibility for his financial reports on his senior executives and outside accountants.

By Maura Webber Sadovi • Nov. 6, 2023

Long-time PepsiCo CFO moves to top finance seat at Disney

The entertainment firm may be looking to lean on Hugh Johnston’s financial chops as it fends off challenges from activist investors and looks to bolster drooping streaming results.

By Grace Noto • Nov. 6, 2023

Truist pushes ambitious reorganization in $750M cost-cutting plan

CFO Mike Maguire says the bank is making good progress, as it grapples with a string of high-profile executive departures.

By Suman Bhattacharyya • Nov. 6, 2023

Slack CEO to depart after first year at the helm

Lidiane Jones will step down from the top role at the collaboration software company to lead online dating app Bumble on Jan. 2. 

By Roberto Torres • Nov. 6, 2023

Former FTX CEO found guilty of fraud

Nearly a year after the collapse of his $40 billion cryptocurrency exchange, former FTX CEO Sam Bankman-Fried was found guilty Thursday on seven federal counts.

By Gabrielle Saulsbery • Nov. 2, 2023

Verizon’s interim CFO lands permanent seat

The finance chief says the telecom giant is “on track” when it comes to priorities such as improving free cash flow and growing its wireless service revenue.

By Alexei Alexis • Nov. 2, 2023

PayPal CEO pledges ‘leaner’ business, names new CFO

Alex Chriss, who took the top post in September, tapped a new finance chief Wednesday and pledged to better focus the digital payment company's strategy.

By Lynne Marek • Nov. 2, 2023