Financial services’ AI appetite grows, study says

Top uses for AI in the financial services sector include ‘next-best action’ systems; portfolio optimization; and fraud detection.   

By Suman Bhattacharyya • Feb. 26, 2023

CFOs to get some cyber insurance relief: Fitch’s Glombicki

While premiums are still rising, the pace has slowed compared to previous years when ransomware attacks were at their peak.

By Alexei Alexis • Feb. 24, 2023

Explore the Trendline➔

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

Beyond Meat’s lean inventory is key, CFO says

The California company is one of a growing number of firms pivoting to cut costs through layoffs, real estate consolidation and other measures.

By Maura Webber Sadovi • Feb. 24, 2023

Trust, transparency key to crypto’s next phase: Circle CFO

USDC issuer Circle is moving to position itself as a player in crypto’s coming “utility phase,” and continuing its efforts to become a public company, its CFO said, even as regulatory attention on the space sharpens.

By Grace Noto • Feb. 24, 2023

FarFetch CFO to exit in 2023

The London-based luxury fashion retailer is hunting for a successor as CFO Elliot Jordan is poised to depart after eight years.

By Elizabeth Flood • Feb. 24, 2023

Block boosts CFO Ahuja’s responsibilities

Pledging to be more efficient with a revamp of the company’s leadership structure, Block has combined the CFO and COO roles under Amrita Ahuja.

By Caitlin Mullen • Feb. 24, 2023

3 currency hedging lessons learned

The U.S. dollar has eased off a two-decade high hit in September. U.S. Bank’s Paula Comings is still advising companies to revisit their hedging policies.

By Maura Webber Sadovi • Feb. 23, 2023

SelectQuote latest to tap interim exec for permanent CFO

Companies are looking to internal candidates to fill both interim, and possibly permanent, CFO positions as they face a shortage of qualified CFOs.

By Grace Noto • Feb. 23, 2023

Six steps CFOs communicating layoffs should take

Layoffs are painful. Finance chiefs need to prepare in order to avoid missteps and ensure their approach to staff cuts is as empathetic and transparent as possible.

By Cassandra M. Bailey • Feb. 23, 2023

‘Macro drivers’ blamed as Overstock.com revenues plummet

The Salt Lake City, Utah-based home furnishings seller’s CEO said factors such as inflation contributed to its fourth quarter loss.

By Alexei Alexis • Feb. 22, 2023

For dream CFO, data, people skills are a must, CEO says

Old school and new generation CFOs have different ways of achieving efficiency—but as a CEO, Yantra’s Vikram Bhandari is looking for the best of both worlds.

By Grace Noto • Feb. 22, 2023

Foot Locker moves exec to interim CFO seat

The New York-based sneaker retailer is still on the hunt for a permanent replacement for departing CFO Andrew Page.

By Elizabeth Flood • Feb. 22, 2023

Cargill’s interim CFO gets permanent role

The change is part of a re-shuffling within the company’s top ranks.

By Alexei Alexis • Feb. 21, 2023

CFO, CIO relationship key to optimize tech spend

Nearly half of execs expect cyber attacks on financial data to increase in 2023, but the majority of finance leaders don't have consistent communication with their CIO to mitigate this risk.

By Elizabeth Flood • Feb. 21, 2023

Hasbro profits take hit amid ‘challenging’ climate

The company’s disappointing fourth-quarter revenues highlight the ongoing risks that inflation poses to the bottom lines of many U.S. companies.

By Alexei Alexis • Feb. 17, 2023

Accounting firms zero in on efficiences

The narrative has changed this year, with the drive for efficiency replacing talent as the top priority for accounting firms. 

By Elizabeth Flood • Feb. 17, 2023

DoorDash shuffles CFO to COO

DoorDash said it will move its current CFO to its COO position and swap in its vice president of finance and strategy for the top financial seat.  

By Grace Noto • Feb. 17, 2023

Financial services, Black America and the evolution of DEI

Despite the rise of corporate diversity initiatives, Christopher Johnson writes systemic hurdles still keep many minorities from working in finance.

By Christopher Johnson • Feb. 17, 2023

Visa CFO to exit

Vasant Prabhu, the company’s chief financial officer since 2015, will leave Visa in September, the company said Thursday.

By Caitlin Mullen • Feb. 17, 2023

Paymentus hands interim CFO severance benefits

The company called the severance benefits’ approval a formality. But one expert said it is likely a retention strategy designed to encourage the interim CFO to “stick around.” 

By Maura Webber Sadovi • Feb. 16, 2023

A one-way ticket to ServiceNow’s CFO seat

From heartbreak to the financial helm, Gina Mastantuono has had her fair share of pivotal challenges on her way to the top.

By Elizabeth Flood • Feb. 16, 2023

CFOs aim to expand budgets for sales, supply chain

CFOs are preparing to bump up spending in sales, corporate IT and supply chain, but are keeping a close watch on economic conditions before shelling out new funding.

By Grace Noto • Feb. 16, 2023

Airbus names new CFO after 5-month search

The current CFO is set to depart on March 3, leaving a senior executive to fill in until the new finance chief arrives in the fall, the company said.

By Alexei Alexis • Feb. 16, 2023

KPMG cuts nearly 2% of US staff

KPMG’s layoffs affect close to 700 U.S. workers in the Big Four firm’s advisory business, according to a source familiar with the matter. The employees were notified Wednesday. 

By Maura Webber Sadovi • Feb. 16, 2023

Inflation tops concerns weighing on CFOs

Amid economic uncertainty, financial forecast accuracy, liquidity, cash flow, and capital structure will be among top priorities for CFOs this year, according to a study.

By Alexei Alexis • Feb. 15, 2023