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

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

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

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

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

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

KPMG aims to bolster tech consulting position in Rhino.AI deal

The combination will help companies modernize their legacy IT systems with “faster time to value” and lower costs, according to Rhino.AI.

By Alexei Alexis • Aug. 6, 2024

Tyson surprise chicken profit leads to ‘positive turnaround’

The meat processor’s focus remains on maintaining its financial strength after seeing a surprise $244 million profit for its chicken segment, interim CFO Curt Calaway said.

By Grace Noto • Aug. 5, 2024

Insured loss impact could reach $1B following CrowdStrike outage

Guy Carpenter said it could be worse: Had the incident involved a ransomware attack, losses could have reached $2 billion.

By David Jones • Aug. 5, 2024

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

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

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

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

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

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

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

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