Leadership: Page 2
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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 -
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 -
Explore the Trendline➔
Peach_iStock via Getty ImagesTrendlineCFO best practices: lessons from the trenches
Leaders share operational and strategic learnings from their years in the top finance seat.
By CFO Dive staff -
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 -
Guess CFO resigns after one year
The finance chief’s abrupt departure comes on the heels of the apparel manufacturer’s deal earlier this year to buy the trendy fashion brand Rag & Bone.
By Maura Webber Sadovi • Aug. 19, 2024 -
"Royal Bank of Canada's global headquarters at 200 Bay Street in Toronto, Canada" by Francisco Diez is licensed under CC BY 2.0
RBC doubles down on its portrait of ex-CFO’s firing
The bank detailed mementos and texts Nadine Ahn and another exec exchanged, a promotion plan called “Project Ken” and a time when Ahn fired an employee in a “substantively identical” situation.
By Dan Ennis • Aug. 19, 2024 -
AdobeStock/Coetzee/peopleimages.com
Sponsored by OneStreamApplied finance AI: unlocking transformation across the office of the CFO
Early AI tools fell short for Finance. Next-gen applied, purpose-built AI solutions unlock true value and widespread adoption.
Aug. 19, 2024 -
Opinion
Building constructive partnerships to drive digital transformation
Effective digital transformation today means making a much deeper commitment than just buying a new IT product or upgrade, AICPA’s Tom Hood writes.
By Tom Hood • Aug. 16, 2024 -
To drive AI efficiency, CFOs must focus on its ‘fuel’: OneTrust
As the AI age dawns, CFOs need to be sure they’re focusing on what actually makes that technology tick — data, CFO Guido Torrini says.
By Grace Noto • Aug. 16, 2024 -
Walmart used AI to crunch 850M product data points and improve CX
“We're finding tangible ways to leverage generative AI to improve the customer, member and associate experience,” Walmart CEO Doug McMillon said.
By Bryan Wassel • Aug. 15, 2024 -
Cisco plans to cut 7% of workforce amid AI push
The tech giant is “shifting hundreds of millions of dollars” into artificial intelligence and other growth areas of its business, CEO Chuck Robbins said.
By Alexei Alexis • Aug. 15, 2024 -
Skanska hires new CFO
Jonas Rickberg is currently CFO at Swedish truck maker Scania Group.
By Zachary Phillips • Aug. 15, 2024 -
Women rise to five-year high in CFO appointments
Accenture, Ford and Google parent Alphabet are among companies that have appointed women to top finance posts this year.
By Alexei Alexis • Aug. 14, 2024 -
Chipotle CFO postpones retirement; stays on in president role
Jack Hartung will stay on to help advise Chipotle’s leadership following Brian Niccol’s planned jump to Starbucks.
By Grace Noto • Aug. 14, 2024 -
Starbucks taps CFO for interim CEO in midst of leadership shift
Starbucks alum Rachel Ruggeri will step in as interim CEO as the coffee chain continues to fight labor activists and political protesters, leading to slumping sales.
By Grace Noto • Aug. 13, 2024 -
M&A, vendor reliance help drive up ransomware threat: report
The financial severity of claims related to ransomware attacks increased more than 400% from 2022 to 2023, the study found.
By Alexei Alexis • Aug. 13, 2024 -
Opinion
Bolstering the CFO-CRO relationship to ensure AI investment returns
The CFO and CRO can serve as a crucial duo as organizations face pressure to launch revenue-generating AI projects, writes MinIO CFO Mark Khavkin.
By Mark Khavkin • Aug. 13, 2024 -
"U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
SEC slaps $3.5M fine on former Ideanomics CEO for alleged fraud
Since its inception in 2004, Ideanomics has switched its business model at least three times, from video on demand to petroleum trading products to electronic vehicle services.
By Jim Tyson • Aug. 12, 2024 -
Fractional experts, AI can ease pressures on ‘overextended’ finance teams
CFOs need to bring flexibility to overburdened finance teams to navigate economic headwinds, Paro’s Michael Burdick said.
By Grace Noto • Aug. 12, 2024 -
"Royal Bank of Canada's global headquarters at 200 Bay Street in Toronto, Canada" by Francisco Diez is licensed under CC BY 2.0
RBC ex-CFO sues bank for $35.6M
Nadine Ahn and Ken Mason, another fired RBC exec, didn't have an affair, each said in court filings, contrary to a “clear insinuation” from the bank. Further, Ahn said she missed out on a path to CEO.
By Dan Ennis • Aug. 12, 2024 -
Disney anticipates ‘flattish’ theme park revenues in Q4: CFO
Lower income consumers are “feeling a little bit of stress," while high income individuals are "traveling internationally a bit more,” CFO Hugh Johnston said.
By Alexei Alexis • Aug. 8, 2024 -
CFOs must act as data, decision-making center: Pigment
CFOs need access to a wide range of data to ensure they can react speedily to market challenges, Pigment CEO Eleonore Crespo says.
By Grace Noto • Aug. 8, 2024 -
AI prep is top challenge for companies drowning in ‘unstructured data’
The AI boom is forcing companies to consider data management upgrades, as some face budget constraints.
By Alexei Alexis • Aug. 7, 2024 -
ZoomInfo shares plummet after weak quarter, CFO departure
ZoomInfo’s VP of FP&A will step in as interim CFO as the company turns to AI to bolster its financials after offering weak guidance.
By Grace Noto • Aug. 6, 2024 -
Most big-company clawback policies go beyond SEC rules
Companies tend to want more executives to give back more types of compensation for more types of problems than what the government requires of them, an analysis finds.
By Robert Freedman • Aug. 6, 2024 -
Warehouse robot momentum faces cost, ROI challenges
Companies that invest in the pricey technology may need to wait two to three years on average to see a return on investment, market analyst Ash Sharma said.
By Alexei Alexis • Aug. 6, 2024