As Zillow alum takes the financial helm, Varo Bank sets sights on profitability

Varo’s Allen Parker is focused on “ensuring finance can play a role in how we prioritize our investments” which will be critical to achieving profitability, he said.

By Grace Noto • April 8, 2024

RBC fires CFO, treasury exec over undisclosed relationship

Nadine Ahn had been seen as a potential future CEO candidate, sources told The Globe and Mail. RBC named Katherine Gibson its interim CFO while it searches for a successor.

By Dan Ennis • April 8, 2024

Explore the Trendline➔

Compensation: solving the cost-talent puzzle

In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.

By CFO Dive staff

Spotify names new CFO amid profitability push

The move follows efforts by the music streaming giant to turn the page on a history of financial struggles, including by raising prices and cutting staff.

By Alexei Alexis • April 4, 2024

Intel appoints new CFO to troubled chipmaking unit

The appointment follows a $7 billion operating loss for Intel’s foundry unit as AI’s potential pushes up both interest and pricing in the semiconductor space.

By Grace Noto • April 3, 2024

Global M&A rises above ongoing headwinds

The findings show “some light at the end of the tunnel” after a challenging year for M&A globally in 2023, according to Willis Towers Watson’s David Dean.

By Alexei Alexis • April 3, 2024

5 tips from CFOs on how to win the CFO seat: McKinsey

Executives aiming to rise to the CFO seat have faced a bright landscape in recent years, with turnover unusually high.

By Jim Tyson • April 2, 2024

Allstate alum joins Farmers Insurance as CFO

Farmers is one of many insurers who stepped back from providing services to certain states in the face of increasing environmental risks in 2023.

By Grace Noto • April 2, 2024

Jacobs CFO steps down after 8 months on the job

The Dallas-based company brought back former CFO Kevin Berryman on an interim basis, as Claudia Jaramillo leaves to pursue other opportunities.

By Sebastian Obando • April 2, 2024

AT&T hit with proposed class action suit over massive data breach

The breach was a “direct result” of AT&T’s failure to implement adequate cybersecurity procedures, the suit alleges.

By Alexei Alexis • April 2, 2024

Fixing the broken state of SaaS purchasing

A “growth-at-all-costs” mentality has led some SaaS companies to overpromise results and obscure pricing details, writes Olive Technologies CEO Chris Heard.

By Chris Heard • April 2, 2024

Old National puts CFO on leave after child molestation charges

The Evansville, Indiana-based bank named its chief strategy officer as interim CFO on Monday after Brendon Falconer was arrested last week.

By Dan Ennis • April 2, 2024

Microsoft decouples Teams from 365 globally

The move comes eight months after the software giant unbundled the two solutions in the European Economic Area and Switzerland to quell regulatory concerns.

By Matt Ashare • April 1, 2024

Ex-construction CFO pleads guilty to wire fraud stemming from $890K embezzlement scheme

The former CFO is required to pay restitution of $890,000 in addition to other penalties and may also face time in prison.

By Grace Noto • April 1, 2024

UnitedHealth, Hilton Grand Vacations elevate CFOs to dual president roles

Taking on new sales or marketing responsibilities through the addition of such roles offers critical learning opportunities for CFOs aspiring to the CEO chair, Cowen Partners’ Shawn Cole says.

By Grace Noto • March 29, 2024

Startup looking to disrupt ERP market with AI raises $9.2M

New York-based Nominal said its funding round included participation from executives at Salesforce, ServiceNow and Intel.

By Alexei Alexis • March 28, 2024

FTX founder Sam Bankman-Fried gets 25 years in prison

The sentence was handed down Thursday, nearly five months after crypto’s former golden boy was found guilty on seven counts of fraud and conspiracy.

By Gabrielle Saulsbery • March 28, 2024

GameStop’s interim CFO gets permanent seat

The appointment comes after significant churn in the position and as the company looks to turn around slumping sales.

By Alexei Alexis • March 27, 2024

Mock earnings helped prep for IPO, Cava CFO says

The restaurant chain’s blockbuster 2023 initial public offering was seen by some as a promising sign for the lackluster IPO market.

By Grace Noto • March 27, 2024

Ford CFO: Bridge collapse will likely ‘lengthen’ supply chain

The automaker will have to divert parts to other ports along the East Coast or elsewhere in the U.S., Ford’s finance chief said Tuesday.

By Maura Webber Sadovi • March 27, 2024

Interim ADM CFO gets $35K monthly pay boost

Embattled Archer Daniels Midland also gave interim finance chief Ismael Roig restricted stock valued at $1 million that will fully vest in March of next year.

By Maura Webber Sadovi • March 26, 2024

Open Lending taps CFO for interim CEO, COO

Open Lending is leaning on its CFO of four years to position it for growth as it prepares for the “inevitable” recovery of the auto lending industry.   

By Grace Noto • March 26, 2024

Business execs gear up for ‘next phase’ of GenAI

Firms that have tested GenAI in pilots are now aiming for larger-scale investments while proceeding with caution, according to KPMG.

By Alexei Alexis • March 26, 2024

Zoom launches AI collaboration hub, brings automation to the fore

Zoom One bundles will rebrand to Zoom Workplace bundles for new and existing customers following a public release in April and May.

By Lindsey Wilkinson • March 26, 2024

AI scales up fraud controls, but humans still vital

AI analytics technology is turbocharging anti-fraud measures through its ability to process oceans of financial data.

By Chris Gaetano • March 26, 2024

Fintech Wise swipes Delivery Hero alum for finance chief

Emmanuel Thomassin will depart for the London-based money transfer provider after a decade in Delivery Hero’s top financial seat.

By Grace Noto • March 25, 2024