Leadership: Page 21
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Big tech banks on AI boom as infrastructure spending heads for trillion-dollar mark
“While we're investing a significant amount in the AI space and in infrastructure, we would like to have more capacity than we already have today,” Amazon CEO Andy Jassy said.
By Matt Ashare • Aug. 5, 2024 -
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6 out of 10 firms expect to hold finance staffing steady, study finds
While the majority of firms say they expect to hold staffing levels steady, competition for qualified professionals — especially controllers — is fierce, according to a recent Controllers Council survey.
By Chris Gaetano • Aug. 2, 2024 -
Explore the Trendline➔
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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 -
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Ex-Pizza Hut exec to take finance helm of Driven Brands
The transition comes as the automotive services leader is focused on accelerating growth while also generating cash flow.
By Alexei Alexis • Aug. 1, 2024 -
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Life Time Group interim CFO moves to permanent seat
The leadership announcement comes as Life Time reached a key “inflection point,” reporting $175.1 million in free cash flow for its most recent quarter.
By Grace Noto • Aug. 1, 2024 -
Justin Sullivan / Staff via Getty Images
Microsoft, Alphabet disappoint investors in latest earnings season
Wall Street is closely watching big tech companies to see if their heavy investments in artificial intelligence are paying off.
By Alexei Alexis • July 31, 2024 -
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Minnesota CPAs eye 2025 after 120-hour bill stalls
The bill would have allowed Minnesota CPAs to obtain a license with just 120 college credit hours — rather than the 150 hours now required.
By Maura Webber Sadovi • July 30, 2024 -
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BlackBerry promotes cyber finance chief to company CFO
The CFO shift comes as BlackBerry seeks $150 million in cost saving and proceeds with a separation plan for its IoT and cybersecurity divisions.
By Grace Noto • July 30, 2024 -
Courtesy of Joann
Joann CFO out amid leadership revamp
The crafts retailer, fresh out of bankruptcy, has brought on new executives in tech, operations and merchandising.
By Daphne Howland • July 30, 2024 -
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Startup focused on easing digital B2B payment pain points raises $9M
The move comes as digital payments among businesses are expected to surge in coming years, creating a complex new world with potential challenges for vendors.
By Alexei Alexis • July 30, 2024 -
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How the GenAI boom is impacting M&A deals
About eight in 10 dealmakers responding to a KPMG poll said that GenAI has had some effect on their M&A strategy.
By Alexei Alexis • July 30, 2024 -
Dan Kitwood via Getty Images
Trump pledges to fire Gensler, support crypto
The Republican presidential nominee told Bitcoin 2024 attendees that, if elected, he will hire advisers who “want to see your industry thrive, not dive.”
By Gabrielle Saulsbery • July 29, 2024 -
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Election turmoil ratchets up CFOs’ geopolitical risks
Finance leaders’ agility is facing a fresh test as they consider potential impacts of the recent shakeup in the U.S. presidential election.
By Maura Webber Sadovi , Grace Noto • July 29, 2024 -
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Detroit nonprofit sues ex-CFO over alleged $40M embezzlement
The former finance chief breached his fiduciary duty and caused “enormous financial devastation,” according to the complaint.
By Alexei Alexis • July 25, 2024 -
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Flex appoints 20-year company alum as interim CFO
Longtime company alum Jaime Martinez will step in as interim CFO as Flex looks to execute on a restructuring plan aimed at improving its operational efficiency.
By Grace Noto • July 25, 2024 -
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Estée Lauder controller lands CFO seat amid restructuring
Akhil Shrivastava, a nine-year company veteran, understands “the levers the company can pull to revive growth,” Morningstar analyst Dan Su writes.
By Maura Webber Sadovi • July 24, 2024 -
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Alphabet investors get mixed news from departing CFO Ruth Porat
The tech giant’s shares sank after Porat’s mixed comments about the company’s operating margin outlook.
By Alexei Alexis • July 24, 2024 -
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KKR-backed OneStream sees $4.6B valuation following $490M IPO
The company will continue to invest in machine learning, AI and new products such as demand forecasting tools following its $490 million IPO, CFO Bill Koefoed said.
By Grace Noto • July 24, 2024 -
Michael M. Santiago / Staff via Getty Images
Spotify profit jumps amid ‘early days’ of price increases
Interim CFO Ben Kung said the music streamer is “encouraged” by the initial consumer reaction to the company's recent price hikes.
By Maura Webber Sadovi • July 23, 2024 -
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CFOs face ‘threefold challenge’ with GenAI spending, Pairsoft CEO says
As finance chiefs look to upgrade legacy finance functions, GenAI is emerging as a promising technology — but first, CFOs need to identify a clear use case.
By Grace Noto • July 23, 2024 -
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Judge deals major blow to SEC’s cybersecurity enforcement stance
“The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.
By Alexei Alexis • July 23, 2024 -
Andrew Brookes
Many CFOs still in early phase of digital transformation: McKinsey
Finance teams are grappling with roadblocks such as already-demanding workloads, a lack of relevant capabilities and insufficient resources.
By Alexei Alexis • July 23, 2024 -
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Firms favored reorganizations over liquidations in H1: S&P
The jump in companies choosing Chapter 11 could signal rising corporate optimism about reorganization prospects that is partly driven by anticipated rate cuts.
By Maura Webber Sadovi • July 22, 2024 -
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PulteGroup promotes insider to fill retiring CFO’s seat
Jim Ossowski will take the home builder’s finance reins in 2025 as Pulte looks to build on its record first-quarter home sale revenues.
By Grace Noto • July 22, 2024 -
Matt Kapko/CFO Dive
Visa, Mastercard say CrowdStrike didn’t impact networks
Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.
By Lynne Marek • July 22, 2024 -
gorodenkoff via Getty Images
Legacy tech upgrades cost the average business nearly $3M last year
Maintenance costs, impacts on the data stack and AI ambitions are pushing companies to modernize, a SnapLogic survey found.
By Lindsey Wilkinson • July 19, 2024
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