3 ways CFOs can utilize ERP as recession hedge

Strong enterprise resource planning (ERP) systems can help businesses prepare to survive an impending and potentially inevitable recession.

By Elizabeth Flood • Oct. 19, 2022

Nordstrom CFO latest retail exec to step down

Nordstrom’s CFO is stepping down as retail financial leaders battle profit pressures, a glut of inventory and rising costs.

By Grace Noto • Oct. 18, 2022

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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

Beyond Meat taps insider for CFO, slashes workforce

Lubi Kutua will take on the struggling company’s CFO seat as it moves to cut down its workforce.

By Elizabeth Flood • Oct. 17, 2022

Green Dot replaces fired CEO with CFO-COO

The company terminated Dan Henry, its CEO since 2020, on Friday, it said. George Gresham, the firm’s chief financial and operating officer, is stepping into the top role.

By Anna Hrushka • Oct. 17, 2022

Digitalization transforms future CFO pipeline

Digitization can help CFOs minimize costs and drive business value, but the need for digital transformation may also be changing what is required for the role of future financial leaders.

By Grace Noto • Oct. 14, 2022

Jamie Dimon isn’t the only bank CEO expecting a recession: KPMG

Some 85% of bank chiefs believe the U.S. is headed for recession in the next 12 months, the accounting giant found in its annual CEO outlook. Nearly half see layoffs in the next six months.

By Gabrielle Saulsbery • Oct. 14, 2022

Squarespace poaches new CFO from Amazon

Nathan Gooden is the latest is a string of Amazon finance leaders who have left the retail giant to move on to other comparatively smaller companies.

By Elizabeth Flood • Oct. 13, 2022

BlackRock reports profit pullback, affirms ESG commitment

BlackRock’s ESG policies, which have put it in the middle of a tug-of-war in U.S. politics, are providing investors with a range of options, the asset manager said.

By Grace Noto • Oct. 13, 2022

Crises demand resilience plans from CFOs

CFOs need new ways to prepare for crises, with resilience plans, and the storied Waffle House Index part of a mix of long and short-term tactics coming into focus. 

By Suman Bhattacharyya • Oct. 13, 2022

Layoff upswing doesn’t dampen labor market

The uptick in layoffs and downturn in hiring is still not enough to cool a stubbornly red-hot labor market.

By Grace Noto • Oct. 12, 2022

Global hazards outstrip corporate risk preparations

Less than half of respondents rated their companies’ approach to risk-management as “mature” or “robust,” according to the report.

By Maura Webber Sadovi • Oct. 12, 2022

Tripadvisor swipes Noom CFO

Mike Noonan will leave the weight loss app to take the financial helm of the travel company following Ernst Teunissen’s retirement. 

By Elizabeth Flood • Oct. 12, 2022

XPO Logistics names new CFO, approves spin-off

Carl Anderson will take the financial helm in November, ahead of the anticipated completion of the planned spin-off.

By Elizabeth Flood • Oct. 11, 2022

CFOs pulled deeper into tech duties

Digital transformation is another responsibility that has shifted over to CFOs, with 61% now in charge of technology budgeting, spend and approval, a recent study found.

By Grace Noto • Oct. 11, 2022

Inflation pushes CFO digital investments

Most CFOs are evaluating technology investments on a case-by-case basis, while about 33% report they have the appetite for aggressive investment in order to outstrip their competitors, the study found.

By Grace Noto • Oct. 10, 2022

Lyft’s former CFO exits crypto C-suite

Brian Roberts is the latest in a line of finance executives to step down from the crypto CFO seat after making an initial splash joining the digital startups from bigger companies.

By Elizabeth Flood • Oct. 10, 2022

Splurge on automation before recession hits, says former ‘serial CFO’

Rent the Runway alum and ‘serial CFO’ turned CEO Christina Ross explains why investing in automation can help financial heads prepare before we officially enter a pre-recession environment.

By Grace Noto • Oct. 7, 2022

CFO pay saw record 17% increase in 2021: study

Total pay averages — including both cash and equity — rose 17% for CFOs and 18% for CEOs, according to the study. 

By Grace Noto • Oct. 6, 2022

3 ways CFOs can avoid ‘quiet quitting’ costs

Organizations are losing $20 million annually for every 10,000 employees due to low employee wellbeing, a study says.

By Elizabeth Flood • Oct. 6, 2022

CACI promotes Lockheed Martin alum to CFO

Lockheed Martin alum Jeffrey MacLauchlan will step up to succeed CACI’s long-time CFO Thomas Mutryn in November. 

By Elizabeth Flood • Oct. 5, 2022

Ongoing tech investments key to survival: Presidio CFO

Presidio’s CFO and CTO share their outlook on the return on investment for tech spending, and what’s necessary for a functional tech/finance partnership.

By Elizabeth Flood • Oct. 4, 2022

PayPal acting CFO’s pay package hints at staying power

The $2.5 million in equity grants PayPal is handing its interim CFO are part of the kind of package that’s more typically given to long-term CFOs, executive search experts said. 

By Maura Webber Sadovi • Oct. 4, 2022

Agility key in tackling economic downturn

Airbase and Clari CFOs share best practices to meet a challenging business environment.

By Elizabeth Flood • Oct. 3, 2022

BlackRock CFO pick may signal strategy shift

The CFO shift could indicate a deeper focus on the private equity or high net worth wealth arena for BlackRock, an analyst said. 

By Grace Noto • Oct. 3, 2022

C-suite allies needed to tackle automation hesitancy: panel

An advocacy campaign that highlights important use cases can be a critical enabler. Spotify, for example, packages automation case studies in user-friendly videos.

By Suman Bhattacharyya • Oct. 3, 2022