Auto, manufacturing could be next in line for layoffs, IMA CFO says

Between rising interest rates and global supply chain issues, the manufacturing and automobile industries may be next in line for workforce cuts.

By Elizabeth Flood • Nov. 28, 2022

CFOs must sharpen storytelling skills for boards

CFOs must take on the role of storyteller when communicating with their boards as their focus shifts from growth and towards long-term sustainability in a pre-recession environment.

By Grace Noto • Nov. 28, 2022

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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

Geopolitical tensions to continue shaping 2023 economy: S&P Global

Unresolved global conflicts and likely recessions in several markets will shape economic policies in 2023, a survey said.

By Elizabeth Flood • Nov. 23, 2022

Labor market rebalancing will require job loss: Fitch

The job openings rate will likely decline from the current rate of 6.5% to 5.2% by 2024, reducing job openings by 2.1 million, according to Fitch Ratings.

By Elizabeth Flood • Nov. 22, 2022

Congruex taps Lumen Tech alum as new CFO

Lumen Technologies alum Neel Dev will become CFO as Andy Carlson moves to a newly created role focusing on M&A, Congruex announced.

By Grace Noto • Nov. 21, 2022

Cloud firm Lacework taps new CFO, considers IPO

Symantec and Oracle alum Andrew Casey will bring his industry expertise to the CFO role as Lacework prepares to go public.

By Grace Noto • Nov. 18, 2022

KeyBank taps chief strategy officer as next CFO

Clark H.I. Khayat has guided the Cleveland-based lender through several niche acquisitions. He succeeds Don Kimble, who is set to retire May 1.

By Rajashree Chakravarty • Nov. 18, 2022

Companies boost 2023 salary budgets to 20-year high: WTW

U.S. companies — reacting to persistent inflationary and labor market pressures — are ratcheting up the targeted average pay raise they expect to hand out next year to 4.6%. 

By Maura Webber Sadovi • Nov. 17, 2022

Tech execs see growth opportunities in economic downturn: EY

Half of executives in the technology sector see a potential recession as a time to implement growth strategies.

By Elizabeth Flood • Nov. 17, 2022

IMA CFO says scenario planning is constant ‘balancing act’

CFOs need to keep an eye on inflation, but must also ensure they are continuing to prepare for scenarios and future trends down the line, IMA CFO Russ Porter advised.

By Grace Noto • Nov. 17, 2022

Scotts Miracle-Gro CFO gets $1.45M signing bonus

A record number of initial public offerings last year reduced the supply of CFO talent, giving seasoned executives such as Matthew Garth leverage in job negotiations.

By Maura Webber Sadovi • Nov. 16, 2022

CFO automation/AI Close-up: Back to tech basics

CFOs tasked with streamlining financial processes must understand the ins and outs of automation to be able to measure and apply the technology’s benefits.

By Grace Noto • Nov. 16, 2022

Graham’s new Leaf Group CFO eyes growth

Ross Landsbaum left Therabody to take the CFO seat at Leaf Group, which has been vacant since June 2021.

By Elizabeth Flood • Nov. 16, 2022

The CFO’s guide to the first 365 days

In many ways, the first year in the CFO seat is like a road trip. You’ll need to prepare before you get in the car, listen carefully to your travel companions and keep an eye on the dashboard.

By Dawn Wotapka • Nov. 16, 2022

Etsy, AirBnb CFOs talk unconventional career starts

The finance chiefs discussed how they got where they are, as well as the institutions that helped them along the way.

By Elizabeth Flood • Nov. 15, 2022

C-suite, financial leaders eager to gain cash flow visibility

Improving visibility into company cash flow and gaining tighter control of data is essential for financial leaders as they brace for the possibility of a recession, according to a study.

By Grace Noto • Nov. 15, 2022

Layoffs part of top-down, bottom-up cost-cutting strategy, Surface CFO says

Surface Oncology is one of many biotechnology firms that have been cutting jobs as investor interest in the sector has dried up this year. 

By Maura Webber Sadovi • Nov. 15, 2022

CFO FP&A Close-up: Modern planning and analysis

In today’s uncertain economy, strategic planning and analysis is more important — and difficult — than ever. CFOs need to set priorities to get the most out of their FP&A teams.

By Elizabeth Flood • Nov. 14, 2022

Tyson Foods board opens review of CFO’s arrest

The CFO of Tyson Foods said he was “embarrassed” and apologized to investors in a manner similar to an earlier apology given to employees, noting the incident was “inconsistent” with company and personal values.

By Grace Noto , Elizabeth Flood • Nov. 14, 2022

Keurig Dr Pepper CEO resigns over code of conduct violations

The company’s CEO resigned because of violations of Keurig’s code of conduct — the latest in a string of top executives to come under ethical scrutiny.

By Grace Noto • Nov. 11, 2022

Green Dot CEO taps new CFO, team

The payment services company’s recently appointed CEO brought on his own team this week, naming a new CFO, COO and chief revenue officer.

By Lynne Marek • Nov. 11, 2022

Hasbro CFO to depart

Deborah Thomas will retire as CFO for the global toy and entertainment company following a 24-year tenure at the firm.   

By Grace Noto • Nov. 10, 2022

Ex-Girardi & Keese CFO arrested on wire fraud charge

The finance chief was arrested over the weekend after he and other former Girardi Keese execs were sued for racketeering in July.

By Elizabeth Flood • Nov. 10, 2022

3 female CFOs tackle courage, soft voices and unchecked boxes

While their numbers are rising, female CFOs are still relatively rare. Women hold only about 16% of the top finance seats at Fortune 500 and S&P 500 companies.

By Maura Webber Sadovi • Nov. 10, 2022

Tyson Foods’ apparent inaction on CFO arrest draws fire

The CFO of Tyson Foods said he was “embarrassed” after his arrest on public intoxication and criminal trespassing charges, but the future of his role is unclear.

By Elizabeth Flood • Nov. 8, 2022