Leadership: Page 19
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Courtesy of ADM
New ADM CFO to tackle ‘root cause’ of material weakness
Just weeks into his CFO tenure, Monish Patolawala said he’d prioritize remediating the accounting woes that have rocked the company this year.
By Maura Webber Sadovi • Sept. 4, 2024 -
Eric Thayer via Getty Images
August tech layoffs surpassed 26K, highest level since January
Tech job cuts are continuing to pile up as industry leaders zero in on objectives such as freeing up capital to fund AI initiatives.
By Alexei Alexis • Sept. 4, 2024 -
Explore the Trendline➔
Kriangsak Koopattanakij via Getty Images
TrendlineCFO best practices: lessons from the trenches
Leaders share operational and strategic learnings from their years in the top finance seat.
By CFO Dive staff -
Courtesy of Rite Aid
Rite Aid exits bankruptcy, promotes CFO to CEO
Chief Financial Officer Matt Schroeder will take over the CEO post from restructuring officer Jeffrey Stein.
By Daphne Howland • Sept. 4, 2024 -
Mario Tama via Getty Images
ESG controllers: The newest finance hires
Depending on the company’s structure, the specialized controllers often report to the corporate controller or the CFO, Deloitte’s Kristen Sullivan said.
By Maura Webber Sadovi • Sept. 3, 2024 -
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Paysafe taps FIS alum for CFO amid growth pivot
The iGaming payments platform is looking to expand on its “robust” performance in the first half of the year with the appointment of new financial leadership.
By Grace Noto • Sept. 3, 2024 -
Tero Vesalainen via Getty Images
Deepfake scams escalate, hitting 53% of businesses
Eighty-five percent of corporate finance professionals now view such scams as an “existential” threat, a Medius study found.
By Alexei Alexis • Sept. 3, 2024 -
Jirapong Manustrong via Getty Images
OpinionDeveloping a winning tech strategy for your organization
Business leaders must embrace team cross-functionality if they want their tech strategy to succeed, Deloitte’s Frank D’Amelio and John Marcante write.
By Frank D’Amelio and John Marcante • Sept. 3, 2024 -
CFO Editorial Staff
Tyson Foods appoints new CFO, replacing troubled scion
John R. Tyson was suspended in June following his second drunk driving incident since taking the executive role in 2022.
By Nathan Owens • Aug. 30, 2024 -
Photo illustration by Danielle Ternes/CFO Dive; photograph by yucelyilmaz via Getty Images
CISA launches cyber incident reporting portal to streamline breach disclosure
The secure portal is designed to encourage faster and more robust information sharing about malicious attacks and critical vulnerabilities.
By David Jones • Aug. 30, 2024 -
Worawee Meepian via Getty Images
CPAs eyeing the CFO seat must hone tech, ‘soft’ skills: PICPA
Emotional intelligence is a key skill CPAs aspiring to be finance chiefs need, PICPA’s Jen Cryder said. Its importance is sometimes overlooked.
By Grace Noto • Aug. 30, 2024 -
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Salesforce CFO to exit post after successor is picked
Amy Weaver is also expected to become a special adviser to the CEO once she steps down as the company’s finance chief.
By Alexei Alexis • Aug. 29, 2024 -
Christopher Furlong via Getty Images
Cannabis firm Ascend terminates CFO, CEO amid refinancing push
Ascend is the third large cannabis company to see its CEO out the door this month.
By Grace Noto • Aug. 28, 2024 -
opolja via Getty Images
CFOs edge out, merge with COOs
The CFO’s role has blended with that of a chief operating officer’s typical responsibilities, Trintech CEO Darren Heffernan said.
By Grace Noto • Aug. 27, 2024 -
Courtesy of TeraWulf
Bitcoin miner TeraWulf CFO targets AI-driven data centers
The Maryland-based bitcoin miner is pivoting to tap its power infrastructure to serve high-performance data centers that companies need to run AI systems.
By Maura Webber Sadovi • Aug. 27, 2024 -
lovelyday12 via Getty Images
OpinionDon’t over-budget for digital transformation in 2025
Every transformation should include a robust and detailed business case with defensible and realistic numbers, writes ISG’s Jon Lightman.
By Jon Lightman • Aug. 27, 2024 -
Eric Thayer via Getty Images
Apple taps insider to succeed longtime CFO Luca Maestri
The Cupertino, California-based tech giant said Kevan Parekh — its VP of financial planning and analysis — would become CFO as part of a “planned succession.”
By Maura Webber Sadovi • Updated Aug. 27, 2024 -
Noam Galai via Getty Images
External CFO hires hit 10-year high
The uptick in companies looking outside their ranks for finance chiefs suggests a lack of succession planning, Crist Kolder's Josh Crist said.
By Maura Webber Sadovi • Aug. 26, 2024 -
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Prepping for the internal audit, CFO ‘inflection’ point
Internal auditors are joining the CFO as strategic business leaders, according to a Protiviti report.
By Grace Noto • Aug. 23, 2024 -
Daphne Howland/CFO Dive
Target CFO says GenAI tool is boosting worker efficiency
The chatbot, which helps Target’s team members resolve on-the-job challenges, is making it easier and faster to assist customers, CFO Michael Fiddelke said.
By Alexei Alexis • Aug. 22, 2024 -
Kena Betancur via Getty Images
Longtime Zoom Video CFO to step down
Kelly Steckelberg is leaving the video conferencing platform after seven years as CFO.
By Grace Noto • Aug. 22, 2024 -
simarik via Getty Images
US M&A deal value jumped to $124B in July
A total of 141 U.S. deals were recorded last month, a 33% increase compared with June, according to EY data.
By Alexei Alexis • Aug. 21, 2024 -
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FTC exceeded its authority with noncompete ban, judge says
The agency’s rulemaking under Sec 6(g) of the FTC Act is procedural, not substantive, Judge Ada Brown of Texas federal court says, blocking a nationwide rule that would have taken effect shortly.
By Robert Freedman • Aug. 21, 2024 -
Jacob Wackerhausen via Getty Images
Dentsply initiates CFO search following layoffs, restructuring
Glenn Coleman is leaving as the dental supply company struggles to regain its footing after a 2022 accounting probe uncovered ethical violations by ex-CFO Jorge Gomez.
By Grace Noto • Aug. 20, 2024 -
Kent Nishimura/Getty Images via Getty Images
47% of US firms suffered data breach resulting in severe financial loss
The study comes as the global average cost of a breach has hit nearly $4.9 million this year, according to an IBM estimate.
By Alexei Alexis • Aug. 20, 2024 -
Justin Sullivan via Getty Images
AI spurs widespread ROI confidence: KPMG
Companies “are moving from experimenting with the technology to really starting to put expectations on it,” KPMG’s Per Edin said.
By Alexei Alexis • Aug. 20, 2024
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