Logistics CFO taps technology, focuses on cash flow amid supply chain woes

Transport Corp Canada’s Group CFO Venu Katta has intensified his focus on cash flow management as supply chain issues continue to hamstring the trucking industry.

By Ramona Dzinkowski • Aug. 1, 2022

Business taxes in Manchin deal draw fire from Chamber of Commerce

Tax experts have warned CFOs to be on the lookout for a renewed push from President Biden’s administration for new or higher corporate taxes. 

By Maura Webber Sadovi • July 29, 2022

Explore the Trendline➔

Top 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

Crypto ‘citizen’s arrests’ may continue until Congress wrangles ‘Wild West’

The SEC, DOJ and Treasury are all patrolling the digital asset space. The CFTC is calling for unity. And lawmakers’ vision for a cohesive strategy just took a summer vacation.

By Dan Ennis • July 29, 2022

Meta swaps CFOs, posts first-ever revenue decline

Meta VP, Finance Susan Li will take on the CFO position as current CFO David Wehner becomes the company’s first chief strategy officer, an executive shuffle that comes as the company reports less-than-stellar Q2 earnings.

By Grace Noto • July 28, 2022

Crypto firm Celsius to tap former CFO to advise on bankruptcy proceedings

Cryptocurrency firm Celsius filed a motion Monday to bring in former CFO Rod Bolger, who served in the position for five months, as an advisor as it continues through Chapter 11 bankruptcy proceedings.

By Grace Noto • July 27, 2022

Coca-Cola sees strong consumer demand despite rising prices

Coca-Cola saw global unit case volume lift 8% despite rising prices due to ongoing inflation, causing the company to adjust full-year guidance. 

By Grace Noto • July 26, 2022

McDonald's CFO expects some moderating of food, paper inflation

McDonald’s CFO Kevin Ozan’s expectation of a potential moderation in food and paper inflation is likely a welcome note of optimism for financial executives under pressure to offset soaring prices.

By Maura Webber Sadovi • July 26, 2022

GM hit by supply chain issues, remains optimistic for vehicle demand, pricing

Detroit automaker General Motors saw its net income drop 40% amid supply chain challenges, inflation and geopolitical conflict, but the company remains optimistic regarding vehicle demand and pricing.

By Grace Noto • July 26, 2022

Retired PwC vet appointed CFO of Sierra Madre

Fresh from its recent acquisition of a high-grade mine in Mexico’s silver belt, Sierra Madre has appointed Kenneth Scott, formerly a partner at PwC, as its new CFO.  

By Elizabeth Flood • July 26, 2022

Gartner: CFOs likely to reduce sustainability spend before talent development, tech

Economic pressures could lead CFOs to cut down on investments in sustainability despite a growing executive focus on ESG, Gartner finds.

By Grace Noto • July 25, 2022

Police equipment-maker Wrap taps new CFO

Wrap Technologies expects demand for non-lethal law enforcement tools to grow as communities seek more hands-off and compassionate policing practices in the wake of the murder of George Floyd.  

By Maura Webber Sadovi • July 25, 2022

Companies can benefit from employee recognition programs: Gallup

Training managers to publicly acknowledge employees for who they are and what they do could save a 10,000-employee company up to $16.1 million in turnover costs annually.

By Elizabeth Flood • July 25, 2022

Coca-Cola CFO to take on additional role as president

Coca-Cola CFO John Murphy will also serve as company president following retirement of current president Brian Smith.

By Grace Noto • July 22, 2022

Loop: Why CFOs must craft strong relationships to foster growth

Building out strong internal relationships with key individuals is essential for CFOs as their roles continue to transform, said Valerie Bauer Gore, CFO of post-purchase software provider Loop Returns.

By Grace Noto • July 22, 2022

NBCUniversal Peacock CFO to transition to MariaDB

Christine Napoli, a 25-year NBCUniversal veteran, will take on the financial helm at open source software firm MariaDB as the company gears up to go public via SPAC offering.

By Grace Noto • July 21, 2022

Netflix marches forward with paid sharing among changing subscription market

The streaming service pinched off its subscriber bleed and is trialing several features to bolster revenue, including paid sharing and advertising features.  

By Grace Noto • July 20, 2022

PetMed Express swaps out long-time CFO

PetMed Express will swap out its CFO of 21 years in favor of new blood, with RealNetworks CFO Christine Chambers set to take on the company’s top financial role.

By Grace Noto • July 19, 2022

Unpacking crypto and FASB’s new priorities with Richard Jones

The Financial Accounting Standards Board Chair Richard Jones discussed the organization’s agenda, a possible quick fix and the accounting topic that finally trended on social media.

By Maura Webber Sadovi • July 18, 2022

Twitter suit details CFO, CEO caught in Musk crossfire

Twitter’s complaint paints a picture of senior executives under pressure as they seek to cooperate with and provide information to a mercurial buyer.

By Maura Webber Sadovi • July 13, 2022

Trailblazing CFOs are turning rampant uncertainty into opportunity

It’s clear that the CFOs who take a creative and nimble approach to operating their businesses will continue to fare better than those taking the more classic, slightly deliberate and conservative approach of even the more “modern” CFOs.

By Dan Fletcher, CFO, Planful • July 12, 2022

Long-time Vail CFO, key to acquisitions, exits

Vail CFO Michael Barkin is stepping down, as the company's new CEO has shifted the resort operator's focus to better support employees, amid worker shortages.

By Maura Webber Sadovi • July 11, 2022

Brainard urges more oversight of crypto

The Federal Reserve vice chair on Friday said the May collapse of the Terra stablecoin, which wiped out millions of dollars in a matter of days, was “reminiscent of classic runs throughout history.”

By Anna Hrushka • July 11, 2022

Twitter CFO retweets board plan to enforce Musk deal

Experts have differed as to whether Twitter CFO Ned Segal would remain at the company in a Musk-led scenario. 

By Maura Webber Sadovi • July 10, 2022

GameStop ousts CFO, taps former interim finance chief

Michael Recupero’s exit could be a signal that GameStop’s effort to “Amazon-ify” its business isn’t working. 

By Maura Webber Sadovi • July 8, 2022

Don't abandon stablecoins over Terra, CFO says

Fintechs and financial services players will "be the driver of innovations and regulations that enable stablecoins, crypto and other digital assets to scale," argues Metallicus Chief Financial Officer Irina Berkon.

By Irina Berkon • July 8, 2022