Vera Bradley replaces CFO, plans more job cuts

The seller of women’s handbags is planning to cut as many as two dozen jobs as part of a corporate restructuring initiative targeting $12 million in incremental cost reductions.

By Alexei Alexis • April 26, 2023

Tarsus Pharmaceuticals replaces CFO

The biopharmaceutical company is parting ways with former CFO Leo Greenstein, who started at his post back in 2020.

By Elizabeth Flood • April 25, 2023

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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

Atlassian zeros in on customer retention, CRO says

The Australia-based tech company is refreshing its widely-used workplace collaboration tech tools Confluence and Jira and adjusting to its customers' changing needs amid the tech downturn. 

By Suman Bhattacharyya • April 25, 2023

These retailers stand to gain as Bed Bath & Beyond disappears

Walmart, Amazon and especially Target have already been taking market share from the struggling home goods retailer for quite some time.

By Daphne Howland • April 25, 2023

Majority of execs anticipate AI adoption in 1-2 years: KPMG

While corporate executives believe that generative AI has enormous potential, they also see major hurdles to adoption, a KPMG study found.

By Alexei Alexis • April 25, 2023

Bed Bath & Beyond CFO ties bankruptcy to e-commerce ‘reluctance’

Holly Etlin, named Bed Bath & Beyond’s interim finance chief in February, stepped into the roles of CFO and chief restructuring officer Saturday.

By Maura Webber Sadovi • April 24, 2023

For a robust finance team, well-rounded talent is a must: Leia CFO

The newly-minted CFO will concentrate on FP&A and financial reporting this year, which requires finding finance employees that have a range of skill sets.

By Grace Noto • April 24, 2023

Disney to restructure finance team: CFO memo

In a memo to employees from CFO Christine McCarthy that was later leaked, she outlined plans for changes to the structure of the company’s financial team, according to a Business Insider report.

By Elizabeth Flood • April 24, 2023

ChatGPT says it’s not ready to be a CFO

CFO Dive decided to engage the popular AI tool in a conversation about both its potential and limitations in corporate finance.

By Alexei Alexis • April 24, 2023

SVB Financial Group’s CEO, CFO resign

The former Silicon Valley Bank parent did not name a replacement for the CEO role, but said Nicholas Grossi, managing director of advisory firm Alvarez & Marsal, will serve as the company’s interim CFO.

By Anna Hrushka • April 24, 2023

To keep pace with healthcare costs, data is key

For CFOs managing both company costs and their employees’ wellbeing, having access to the right data to make strategic healthcare decisions is essential.

By Grace Noto • April 21, 2023

IBM leans on AI, hybrid cloud as infrastructure business stalls

“We've been digitally transforming IBM, much in the same way we're helping our clients with their transformation,” CFO James Kavanaugh said during a Q1 2023 earnings call.

By Matt Ashare • April 20, 2023

Half of global workers open to leaving jobs: study

Thirty percent of businesses are experiencing “value drag,” with employees feeling disengaged and looking to leave, and another 18% are in a “value risk” state, where business value is at significant risk, according to the research.

By Alexei Alexis • April 20, 2023

Automaker Stellantis taps Adidas alum to replace longtime CFO

The multinational automaker is replacing its longtime CFO Richard Palmer with Adidas alum Natalie Knight.

By Elizabeth Flood • April 20, 2023

Dollar General SVP takes CFO seat

The company’s CFO switch comes as it looks to bump up staffing in a bid to increase its market share as inflationary pressures continue to impact consumer shopping habits.

By Grace Noto • April 20, 2023

Ex-Trump CFO is released from jail

Allen Weisselberg — the Trump Organization’s former finance chief — was released after this week serving about 100 days in a New York City prison. But more legal pressure looms.

By Maura Webber Sadovi • April 20, 2023

Citigroup technology expenses grow as it pushes transformation

The financial services company increased its IT spending, retired legacy platforms and invested in cloud-based solutions, CFO Mark Mason said.

By Matt Ashare • April 20, 2023

3 CFOs talk shifting ESG headwinds

The nuanced picture that three CFOs painted Tuesday of the business case for ESG sharply contrasted with the backlash that has roiled the public debate recently.

By Maura Webber Sadovi • April 19, 2023

Flexibility still king for workers: Report

Despite a labor market resurgence in March, nearly half (47%) of those in the workforce are still highly concerned about what a downturn may mean for their job security and finances, the April Workforce from iCIMS said.

By Elizabeth Flood • April 19, 2023

Betterment agrees to pay $9M in SEC settlement

The settlement resolves charges that investment advisor Betterment made misstatements related to its automated tax loss harvesting service, among other violations.

By Alexei Alexis • April 19, 2023

EY to lay off 3,000 workers after split craters

A week after “Project Everest” was halted, the Big Four firm is slashing its workforce.

By Elizabeth Flood • April 18, 2023

Cyber premiums spike at slower pace in 2022: Fitch

The deceleration was driven by factors such as a moderation of ransomware incidents and a heightened level of cyber risk awareness among corporate executives, according to Fitch Ratings.

By Alexei Alexis • April 18, 2023

OneStream expands platform, eyeing CFO ‘App Store’

The platform can now be used to download applications created by OneStream partners, along with the company’s own portfolio of tools.

By Alexei Alexis • April 18, 2023

Tax AI is here, but distrust lingers

AI could help companies with filing taxes. But first, finance executives need to learn to trust it.

By Grace Noto • April 17, 2023

Zepto names CoinSwitch alum as CFO ahead of IPO

The India-based grocery delivery service hired Ramesh Bafna as its next CFO. The company plans to go public in the next two years.

By Elizabeth Flood • April 17, 2023