Abercrombie & Fitch Co. taps new CFO as sales surge 14%

The Abercrombie and Hollister brands both saw strong double-digit growth in the third quarter, despite weather disruptions.

By Nate Delesline III • Nov. 27, 2024

Top takeaways from 2024 MIT Sloan CFO conference

Many finance leaders at this year’s MIT Sloan CFO conference seemed buoyed by recent rate cuts and the prospect of a more business-friendly climate in the offing. 

By Maura Webber Sadovi • Nov. 26, 2024

Explore the Trendline➔

CFO best practices: lessons from the trenches

Leaders share operational and strategic learnings from their years in the top finance seat.  

By CFO Dive staff

Scotts Miracle-Gro appoints interim CFO in leadership shift

Treasurer Mark Scheiwer will step in as interim CFO as Scotts looks to execute a “turnaround” for its cannabis-focused subsidiary, where sales plummeted by 46% during its most recent quarter.  

By Grace Noto • Nov. 26, 2024

Zoom rebrands, aims to be known as ‘AI-first’ company

“Zoom is now about so much more than video meetings,” CEO Eric Yuan said.

By Alexei Alexis • Nov. 26, 2024

AI rush is fueling tech debt ‘tsunami’: Forrester

The research highlights the growing challenges faced by businesses as they scramble to adopt AI and avoid falling behind competitors.

By Alexei Alexis • Nov. 26, 2024

Intuit rolls out AI QuickBooks enhancements as CEO eyes AI agents

The upgrades to QuickBooks come as the firm targets AI agents that could potentially replace CFOs and other executives in the C-suite, the CEO said.

By Suman Bhattacharyya • Nov. 25, 2024

Climate protesters disrupt Saudi Aramco CFO talk at MIT conference

Saudi Aramco CFO Ziad Al-Murshed’s talk ended abruptly Thursday after climate protesters took the stage at the MIT Sloan CFO Summit in suburban Boston.

By Maura Webber Sadovi • Nov. 22, 2024

Evolv CFO latest to depart during misconduct, revenue misstatement investigation

The security technology provider will pay a weekly $50,000 fee to AlixPartners in exchange for the services of its director David Rawden as interim CFO.

By Grace Noto • Nov. 22, 2024

CFOs zero in on AI ‘auditability’ for 2025: Visual Lease

CFOs are keeping their focus on finding AI tools with “some good bit of traceability” in the face of a rising tide of potential vendors, Visual Lease’s Amie Durr said.  

By Grace Noto • Nov. 21, 2024

KPMG to invest $100M in Google Cloud effort

The move expands an existing alliance as KPMG looks to bolster its consulting services, including by developing advanced generative AI agents.

By Alexei Alexis • Nov. 21, 2024

Coupa’s new CFO eyes AI’s ‘market tailwinds’

Michael Agresta is taking the spend management company’s finance reins less than a year after it was taken private in an $8 billion deal.

By Maura Webber Sadovi • Nov. 21, 2024

Trump win, interest rate cuts could spur M&A spike next year: EY

Dealmakers are “energized” by the prospect of less regulation in the coming Trump administration as well as continued interest rate cuts, said EY’s Mitch Berlin.

By Alexei Alexis • Nov. 20, 2024

Walmart CFO keeps eye on prices, tariffs

Walmart is looking to continue to attract high-income consumers with the right price mix, even as CFO John Rainey anticipates price hikes in the face of potential tariffs.

By Grace Noto • Nov. 20, 2024

Wendy’s hires UPS veteran for CFO

Ken Cook joins Wendy's as it closes some weak locations but sees overall sales strength relative to other chains in the burger-quick service restaurant category.

By Aneurin Canham-Clyne • Nov. 20, 2024

Why AI alone won’t solve biased underwriting

Combining AI advances with thoughtful, human-powered selection of risk data that benefit the members of underserved communities is the winning strategy for fairer underwriting, Jin Han writes.

By Jin Han • Nov. 20, 2024

Spirit Airlines cleared $5.4M in retention awards before bankruptcy

The budget airline’s CEO will receive a $3.8 million retention payment while its CFO will get $175,000, according to an SEC filing.

By Maura Webber Sadovi • Nov. 19, 2024

C-suites vie for shrinking pool of experienced CFOs: Russell Reynolds

There’s a growing “agnosticism” surrounding the age of finance chiefs as the supply of experienced CFOs grows more constricted, Russell Reynolds’ Jenna Fisher said.  

By Grace Noto • Nov. 19, 2024

Trump’s DOJ pick has backed tough antitrust actions against big tech

Even if the controversial nominee is confirmed, it’s not yet clear if his “surprising” antitrust positions will be adopted in the Trump administration, analysts said.

By Alexei Alexis • Nov. 19, 2024

AI’s coming for finance jobs, CFOs expect: Datarails

Finance chiefs expect AI to shrink the number of roles in the finance function by 2026, Datarails found in a survey. 

By Chris Gaetano • Nov. 19, 2024

Rivian CFO inks $3.5M trading plan as EV industry faces bumps

President-elect Trump will likely ax the EV tax credit, a proviso of the Inflation Reduction Act, upon taking office in January. Critics say the move will badly impact EV competition.

By Grace Noto • Nov. 18, 2024

Disney CFO highlights booming streaming growth

Subscribers for its Disney+ Core platform grew by 4.4 million in Q4 as the company cracks down on password sharing and looks to improve customer engagement.

By Grace Noto • Nov. 15, 2024

Federal watchdog flags restrictive licensing practices in cloud

The U.S. Government Accountability Office uncovered vendor management processes across several federal agencies that led to cost overruns.

By Matt Ashare • Nov. 14, 2024

New X CFO received presidential pardon from Trump

The appointment is “consistent with Musk’s emphasis on loyalty,” a trait he sometimes values over “conventionally ‘safe’ hires,” Cowen Partners’ Shawn Cole said.

By Grace Noto • Nov. 14, 2024

Jack in the Box brings back ex-CFO for second stint

Lance Tucker will receive a $200,000 cash bonus upon taking Jack in the Box’s CFO seat for the second time.

By Grace Noto • Nov. 13, 2024

Wall Street year-end bonuses forecast to jump as much as 35%

For the first time since 2021, banks are gearing up to give bigger end-of-year bonuses to many employees, Johnson Associates says.

By Maura Webber Sadovi • Nov. 12, 2024