Southwest Airlines to spend $1.7B on tech, cloud migration this year

The commercial carrier has shifted just under half of its tech estate to cloud, President and CEO Bob Jordan said Thursday.

By Matt Ashare • Jan. 29, 2024

What’s behind SAP’s massive restructuring push?

“Cloud is the big elephant in the room for SAP,” Forrester VP and Principal Analyst Liz Herbert said.

By Matt Ashare • Jan. 26, 2024

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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

Superdry CFO to depart as UK retailer warns of rough market conditions

The departure marks the fourth finance chief to leave the troubled retailer in a half-decade.  

By Grace Noto • Jan. 26, 2024

SEC kicks dead SPAC horse with new rules

The commission is taking action to rein in SPACs as the once booming market is struggling to recover from a slump.

By Alexei Alexis • Jan. 25, 2024

Upwork CFO sees signs of ‘macroeconomic softness’ in freelancer wage stagnation

While the freelancer economy remains robust, CFO Erica Gessert is keeping her eye on stagnant wage growth amid continued uncertainty.

By Grace Noto • Jan. 25, 2024

2024 proxy outlook: What’s driving the ESG proposal approval dip?

Major asset managers and a spate of anti-ESG proposals helped push approval rates down, yet even more ESG proposals are expected after a record 2023.

By Lamar Johnson • Jan. 25, 2024

83% of execs anticipate spike in their M&A volume this year: Deloitte

With economic conditions slowly improving, the stage might be set for a rebound in M&A activity.

By Alexei Alexis • Jan. 24, 2024

CFO of beleaguered smart window manufacturer View to resign

View’s finance chief is departing as the company scrambles to accrue enough capital to continue operating through 2024.

By Grace Noto • Jan. 24, 2024

$700M AGs settlement resolves only portion of J&J talc liability

Some 50,000 private claims remain as Johnson & Johnson tries to keep its controversial bankruptcy strategy alive.

By Robert Freedman • Jan. 24, 2024

6 essentials for CFOs aiming to rise to CEO: McKinsey

Corporate boards in the past decade have increasingly turned to CFOs to fill the CEO seat. McKinsey has highlighted the attributes boards seek in a chief executive.

By Jim Tyson • Jan. 23, 2024

Qualcomm expands CFO’s role to include COO responsibilities

Akash Palkhiwala’s move to the dual role is part of a rising trend where finance chiefs are absorbing operational responsibilities.  

By Grace Noto • Jan. 23, 2024

Impossible Foods taps new CFO amid changes for a ‘decisive year,’ CEO says

The plant-based pioneer appointed Colgate-Palmolive veteran Elaine Paik as its new CFO amid a sweep of executive leadership changes.

By Elizabeth Flood • Jan. 23, 2024

AI, fake CFOs drive soaring corporate payment-fraud attacks

Generative AI tools like ChatGPT are making it easier for scammers to create bogus texts and emails as well as deep-fake voices at scale.

By Alexei Alexis • Jan. 23, 2024

Cloud, SaaS spending manager Vertice raises $25M in Series B funding

The startup is looking to expand in the U.S., Europe, Australia and Singapore as it also enters new markets such as Latin America and Southeast Asia.

By Alexei Alexis • Jan. 22, 2024

ADM shares plunge as CFO takes forced leave amid accounting probe

Archer Daniels Midland named Ismael Roig interim finance chief as the board's audit committee and outside counsel conduct an investigation into accounting practices.

By Maura Webber Sadovi • Jan. 22, 2024

Arizona Cardinals fire CFO in leadership shakeup: ESPN

The move comes amid reports of a broader restructuring of the football club’s business operations, led by chief operating officer Wesley Walls.

By Alexei Alexis • Jan. 19, 2024

Amazon taps operations SVP for AWS CFO amid rocky cloud growth

The long-time Amazon veteran will step into the top financial seat for AWS as the e-commerce retailer looks to bolster the cloud segment’s stale revenue growth.  

By Grace Noto • Jan. 19, 2024

PwC’s Wes Bricker: Economy is top of mind as CFOs face ‘decade of disruption’

The coming year will see CFOs zero in on profitability and pricing strategies that can foster growth in a high-rate environment.  

By Grace Noto • Jan. 18, 2024

Disney’s board nomination fight with ex-CFO, Nelson Peltz heats up

After being rejected by Disney as board nominees, ex-CFO Jay Rasulo and activist investor Nelson Peltz are now signaling plans to force a shareholder vote on the issue.

By Alexei Alexis • Jan. 18, 2024

JPMorgan Chase takes ‘pragmatic and disciplined’ approach to AI

The banking company is against “chasing shiny objects,” CFO Jeremy Barnum said during an earnings call.

By Lindsey Wilkinson • Jan. 18, 2024

Disney rejects ex-CFO Rasulo, Peltz as board nominees

Disney’s board resisted pressure for a shakeup, opting instead for its own slate of 12 nominees including CEO Robert Iger.

By Alexei Alexis • Jan. 17, 2024

Modern finance team makeovers: Controllers

As finance departments undergo seismic tech-driven changes, controllers are poised to play a crucial role as the CFOs’ right hand.

By Grace Noto • Jan. 17, 2024

Cigna CFO takes on expanded role as head of benefits division

Brian Evanko will serve as president and CEO of the Cigna Healthcare insurance division in addition to his position as chief financial officer.

By Emily Olsen • Jan. 17, 2024

Orthofix’s new CFO takes seat after C-suite blowup

The medical device maker has brought on new leaders after terminating three top executives in September for unspecified “offensive conduct.”

By Maura Webber Sadovi • Jan. 16, 2024

Citi poured $12B into tech last year, retired nearly 400 legacy apps

While efforts to modernize are underway, the company is operating at a loss and plans to cut 20,000 positions by 2024 as part of a broader restructuring.

By Matt Ashare • Jan. 16, 2024