Hearst Magazines CFO steps in as acting president

Debi Chirichella will assume president duties on an interim basis following the resignation of Troy Young, who was accused of fostering a toxic workplace at the company.

By Jane Thier • July 27, 2020

Chipotle CFO: Restaurant closures have had 'no impact' on sales

Digital sales are up 200% from last year, helping to keep Chipotle on top, CFO Jack Hartung said.

By Jane Thier • July 26, 2020

Explore the Trendline➔

Navigating risk in turbulent times

CFOs must help their organizations mitigate risks by balancing the need for both growth and stability. 

By CFO Dive staff

Men's Wearhouse parent's CFO departs amid store closures, layoffs

Tailor Brands, which owns Men's Wearhouse and Jos. A. Bank, will cut 20% of its corporate workforce and close up to 500 stores, it said Tuesday. The CEO and newly hired chief restructuring officer will share interim CFO duties.

By Kaarin Moore • July 23, 2020

Biogen CFO departs on eve of Q2 earnings report

The company announced Jeffrey Capello, CFO since 2017, would be stepping down, the night before it reported a successful second quarter. The company did not provide a reason for Capello's departure.

By Jane Thier • July 22, 2020

Wells Fargo dips into BNY Mellon's pool to hire its next CFO

BNY Mellon CFO Mike Santomassimo will join the San Francisco-based lender in the fall, following the retirement of 22-year veteran John Shrewsberry.

By Jane Thier • July 21, 2020

6-time CFO: Take a 'war room' approach to crisis management

"When it's a big enough crisis, you treat it differently," said Jeff Laborde, CFO of JAGGAER.

By Jane Thier • July 19, 2020

PepsiCo CFO pulls ads from Facebook, denies joining Facebook ad boycott

PepsiCo CFO Hugh Johnston confirmed to Yahoo Finance the company has suspended social media ads, but denied the decision is related to the broader Facebook boycott.

By Jane Thier • July 15, 2020

A/P automation CFO: Pandemic stress falls hard on finance teams

Two-thirds of finance leaders feel enormous coronavirus-related stress, according to a survey conducted by accounts payable automation company AvidXchange.

By Jane Thier • July 14, 2020

4-time CFO moves into 5th role at NS1

David Wilson has led finance teams in the network and communications space for over 20 years; NS1's rapid growth inspired him to make the move mid-pandemic.

By Jane Thier • July 13, 2020

Levi's CFO: 700-person layoff 'toughest call' of pandemic

Levi Strauss & Co. CFO Harmit Singh says the 15% workforce cut would allow for a "reallocation of resources to digital transformation, direct to consumer business growth."

By Jane Thier • July 10, 2020

Harley-Davidson CFO resigns amid mass layoffs, restructuring

John Olin, who has headed the motorcycle manufacturer's finance for 17 years, will be replaced on an interim basis by the company's treasurer as it searches for a permanent replacement. 

By Jane Thier • July 9, 2020

Survey: 77% of CFOs say company is underprepared for climate change

CFOs rate floods, droughts and wildfires as most financially concerning, according to a survey conducted by property insurer FM Global. 

By Jane Thier • July 8, 2020

Impossible Foods CFO: Converting 'hypergrowth' into long-term sustainability

According to David Lee, grocery demand for fresh or frozen plant-based meats surged 300% in March, while store sales of Impossible Burger have more than doubled every month since April.

By Jane Thier • July 7, 2020

Lemonade becomes biggest IPO of 2020; CFO credits versatility

Three-time CFO Tim Bixby helped the digital insurance company, which went public last week, pull off 2020's biggest IPO.

By Jane Thier • July 6, 2020

Survey: 94% of CFOs to change risk strategy, post-COVID-19

As the coronavirus pandemic brings risk and credit challenges to the forefront, CFOs are redoing their original plans, credit insurance company Euler Hermes found.

By Jane Thier • July 5, 2020

Amazon exec to step in as ViacomCBS CFO

Naveen Chopra, who has served as CFO of Amazon's Devices and Services business, Pandora, and TiVo, will begin his new role at the newly merged company on August 10.

By Jane Thier • July 1, 2020

What's your COVID-19 story?

When discussing 2020 plans with investors, Eric Knachel, Deloitte senior consultation partner, recommends figuring out your company's story to connect with stakeholders.

By Jane Thier • June 30, 2020

Deloitte survey reveals equal parts pessimism, optimism among Fortune 500 CFOs

Deloitte's latest quarterly CFO Pulse Survey found CFOs of large companies expressing renewed confidence in their ability to adapt, but great pessimism about the U.S. economy's rebound. 

By Jane Thier • June 29, 2020

How often should CFOs speak with the board?

Planful CEO Grant Halloran recommends CFOs update their company's board several times a week as financial planning becomes all the more fraught.

By Jane Thier • June 27, 2020

Will closing the books this quarter be harder than last?

Omar Choucair, CFO of financial close software provider Trintech, knows why his clients are struggling and how they can mitigate the difficulties.

By Jane Thier • June 25, 2020

Verizon CFO welcomed external advice for pandemic scenario planning

When COVID-19 hit, Matt Ellis consulted outside experts to help ensure his FP&A team's assumptions about going forward were realistic. 

By Robert Freedman • June 25, 2020

A CFO's 3-step plan for remaining profitable during COVID-19

LendingUSA's Ron Oertell says his company's services as a point-of-sale fintech are greater now than they were, pre-pandemic.

By Jane Thier • June 24, 2020

When should you revisit your pricing strategy?

Tom Fencl, CFO of Pricefx, believes a CFO's price strategy can make or break a business. 

By Jane Thier • June 23, 2020

Stericycle CFO adds 'CIO' to job description

Following CIO David Stahl's departure from the medical waste disposal company, CFO Janet Zelenka will take the reins, becoming CFO-CIO effective June 28.

By Jane Thier • June 22, 2020

3-time CFO: Pandemic will add to CFO duties

Long-time CFO Paula Bachman told CFO Dive the dissolving COO role, combined with the financial upset caused by coronavirus, will lead to a longer list of responsibilities for CFOs going forward.

By Jane Thier • June 21, 2020