Enovix taps semiconductor exec for CFO

The new finance chief was named just days after the Fremont, California-based company said it had received a purchase order to produce battery cells for the U.S. Army.

By Maura Webber Sadovi • June 30, 2023

Sustainability can boost bottom line: Brand Finance

Companies that fail to live up to consumers’ perceptions of their ESG performance put hundreds of millions in value at risk, according to Brand Finance.

By Jim Tyson • June 30, 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

Disney: the ‘Game of Thrones’ C-suite

Christine McCarthy left the CFO seat for a family medical leave of absence, but there may be more to the story, according to a Stanton Chase exec.

By Elizabeth Flood • June 30, 2023

CFOs trim growth estimates amid credit squeeze: Fed

The extent of credit tightening triggered by turmoil in the banking system in March is unclear, according to the Federal Reserve.

By Jim Tyson • June 29, 2023

‘More restriction coming’ from Fed rate hikes: Powell

The Federal Reserve will probably not succeed in tamping down inflation to its 2% goal until 2025, Fed Chair Jerome Powell said.

By Jim Tyson • June 28, 2023

Insufficient staff, outdated processes expose firms to risk: survey

Only 37% of surveyed respondents believe that their organizations have sufficient staffing to properly run compliance programs and internal controls, FloQast found in a recent survey.

By Elizabeth Flood • June 28, 2023

Harley-Davidson picks insider for CFO

Jonathan Root is taking the Milwaukee, Wisconsin-based company’s finance reins amid a slump in sales of its iconic motorcycles. 

By Maura Webber Sadovi • June 28, 2023

Bridgewater’s Karniol-Tambour calls for more quantitative tightening

“Stickier than expected” inflation is bad for both stocks and bonds, Karniol-Tambour asserts.

By Suman Bhattacharyya • June 28, 2023

Pricefx CFO stresses diversification in business funds

In a post-SVB world, diversifying funds is key to a healthy business, according to CFO Gillian Sheeran.

By Elizabeth Flood • June 27, 2023

KPMG cuts about 1,900 more US jobs

The layoffs will include cuts in its audit business — a notable shift given the company and the industry have recently struggled with accounting talent shortages.

By Maura Webber Sadovi • June 27, 2023

‘Stalling’ economy will fall into recession in Q4: Fannie Mae

The Fed will likely trigger a downturn as it sustains high interest rates to cool the labor market and curb inflation, Fannie Mae said.

By Jim Tyson • June 26, 2023

SEC puts SolarWinds CFO on notice in cyberattack probe

The news underscores the growing legal exposure that CFOs have as they are increasingly expected to take on broader remits of responsibilities — including technology.

By Maura Webber Sadovi • June 26, 2023

Papa John’s taps Nike exec for CFO

Ravi Thanawala takes on his new role next month as the company seeks to open more locations.

By Elizabeth Flood • June 26, 2023

Build a winning strategy with an integrated transformation approach

Integrated transformation approaches modernize client operations and ensure that proposed solutions are implemented as planned. 

By Arvind V. S. • June 26, 2023

Treasurers trim cash allocations to banks: AFP survey

This year big companies cut back their bank deposits and allocated more of their short-term cash to government security-backed funds.

By Chris Gaetano • June 23, 2023

Accountants need to advance ‘social agenda’: ACCA

The accounting profession should not delay in helping ensure a “just transition” and promoting social welfare, the ACCA said.

By Jim Tyson • June 23, 2023

B2B must embrace digital payments

“B2B organizations have been slow to adapt to the changing demands and expectations of Gen Z,” writes a payments company vice president. “This is a huge mistake, and it can cost them dearly in the long run.”

By Justin Main • June 23, 2023

SEC General Counsel defends climate risk disclosure rule

Republican lawmakers accused the SEC’s top attorney of stonewalling requests for information on the agency’s regulation and enforcement.

By Jim Tyson • June 22, 2023

Judge delays hearing on suits piling up against SVB, execs

Just over three months after SVB Financial Group was closed by regulators, at least four proposed class actions have been filed against the firm and its former top executives.

By Maura Webber Sadovi • June 21, 2023

Powell signals Fed likely to hike rates again this year

High inflation has persisted far longer than Fed policymakers and private sector analysts expected, Powell said in testimony to a House committee.

By Jim Tyson • June 21, 2023

How Infinera’s CFO practices what she preaches

CFO Nancy Erba dishes on how she strives to lead by example when it comes to women in the workplace.

By Elizabeth Flood • June 21, 2023

Visa hires CFO replacement

Card giant Visa has selected Chris Suh as its new chief financial officer. Suh, formerly at gaming company Electronic Arts and tech titan Microsoft, will receive a $3 million signing bonus and $20 million in longer-term compensation.

By Lynne Marek • June 20, 2023

Smallest businesses hold gloomier outlooks: Amex

The survey’s findings dovetail with a number of recent reports that are revealing flagging business and consumer confidence in a number of corners of the economy. 

By Maura Webber Sadovi • June 20, 2023

Remote work erodes productivity by 4%: NY Fed

Employees who worked remotely before the pandemic continue to be 8% less productive than their peers who worked in the office before the onset of COVID-19, the New York Fed found in a case study.

By Jim Tyson • June 20, 2023

Carlyle Group promotes insider to CFO seat

Following longtime CFO Curt Buser’s decision to retire, the global investment firm has appointed a company veteran and Goldman Sachs alum to the financial helm.

By Elizabeth Flood • June 20, 2023