Bank failures could cause SMB credit crunch

“The current banking crisis could directly lead to a small business crisis if they are not able to quickly access the capital they need to sustain and expand their operations,” Biz2Credit’s CEO said.

By Anna Hrushka • March 28, 2023

Datarails aims for ‘grounded’ ChatGPT-like FP&A tool

The tech company’s goal is to provide CFOs with a tool in the style of the popular ChatGPT service, but without some of the same accuracy and data privacy challenges.

By Alexei Alexis • March 28, 2023

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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

Hertz CAO takes interim CFO seat

Hertz’s CAO will assume interim financial leadership as the company looks to take advantage of recovering travel and boost its technology investments.

By Grace Noto • March 27, 2023

Talent shortage frustrates internal auditors

As AI swiftly extends the finance function’s potential for efficiency, audit leaders are concerned about the lack of skilled workers to support new advancements.

By Elizabeth Flood • March 27, 2023

Ally Financial taps Goldman vet for CFO seat

Ally’s current finance chief, who has been serving on an interim basis since October, will return to his full-time role as corporate treasurer once the newly-appointed CFO arrives in July, the company said.

By Alexei Alexis • March 24, 2023

CFOs key to shaping digitization efforts: study

With technology teams overloaded, the discerning CFO’s hand is crucial to shaping company digitization efforts.

By Grace Noto • March 24, 2023

Hindsight 2020: An unlikely road to Snowflake’s CFO seat

From a travel excursion to Italy to uncovering massive fraud, Mike Scarpelli had his fair share of challenges on his way to the CFO seat.

By Elizabeth Flood • March 23, 2023

Diversity of thought sharpens finance strategies, TS Imagine CFO says

Women need to be the ‘yardstick for excellence’ and advocate for themselves as they look to take leadership positions, TS Imagine CFO Kate Peachway says.

By Grace Noto • March 23, 2023

ESG poised to gain traction as CFO priority: Gartner

Many organizations are shifting away from a purely “risk management” approach to ESG and are viewing it as a way to attract customers, investors and talent — a trend that will only increase in coming years, according to Gartner.

By Alexei Alexis • March 23, 2023

NFL poaches NBC Sports CFO

Christine Dorfler is departing from her 20-year tenure at NBCUniversal to fill the CFO shoes of an NFL C-suite veteran.

By Elizabeth Flood • March 22, 2023

Fed hikes main rate by quarter-point, notes ‘resilient’ banking system

The central bank tightened borrowing costs despite banking instability as inflation persists well above its 2% target.

By Jim Tyson • March 22, 2023

Papa Johns CFO resigns

Ann Gugino, who has been at the pizza chain since 2020, is leaving effective May 31. Papa Johns has begun a search for a permanent CFO. 

By Julie Littman • March 22, 2023

Accountants head overseas for talent

The lure of sexier jobs in the tech sector has cut into the number of U.S. students pursuing accounting careers. Looking abroad for talent may be the next best move.

By Elizabeth Flood • March 21, 2023

Lessons from SEC’s $3M Blackbaud cyber penalty

The Charleston, South Carolina-based software provider’s recent data breach settlement with the SEC serves as a cautionary tale for C-suite leaders.

By Alexei Alexis • March 21, 2023

Accountant shortages likely to yield more audit failures

The shortage of workers with the core accounting skills needed to staff audits is making audit failures more likely, Hofstra University’s Jack Castonguay says. 

By Maura Webber Sadovi • March 20, 2023

Defunct Katerra sues former CFO for bonus

The failed Softbank-backed startup is alleging its former CFO is obligated to pay back his signing and relocation bonuses amid intensifying scrutiny of executive compensation.

By Grace Noto • March 20, 2023

Travel + Leisure CFO talks uptick in travel, bleisure

Despite headwinds on travel from the pandemic, CFO Mike Hug has continued to capitalize on new opportunities within the industry.

By Elizabeth Flood • March 20, 2023

With tech’s favorite banks in turmoil, some are choosing loyalty

After several high-profile bank failures and near-failures, some fintechs don’t see jumping ship as an option.

By Gabrielle Saulsbery • March 20, 2023

Mattel CFO sees movie tie-in boosting Barbie sales

The iconic El Segundo, California-based toymaker had a tough 2022 but CFO Anthony DiSilvestro expects the outlook to improve and says parents will always prioritize spending on their children.

By Chris Gaetano • March 17, 2023

How ERP modernizations fare amid cost cutting

Some companies are pausing or delaying ERP implementations. But projects moving ahead face sharper scrutiny than before.

By Jen A. Miller • March 17, 2023

SVB CFO may be swept up in stock dumping scrutiny

Three SVB Financial senior officers, including the finance chief, sold company shares worth a combined total of about $4.5 million as of Jan. 1, according to insider trading research firm Smart Insider.   

By Alexei Alexis • March 16, 2023

Does SVB failure expose CFO job creep’s weaknesses?

The bank's chief risk officer seat was left vacant for much of 2022, raising questions about how such responsibilities are distributed and to whom in the modern C-suite.

By Grace Noto • March 16, 2023

Nearly one-third of CFOs to diversify deposits across banks: study

CFOs are looking to take immediate action to assess the risk and exposure to their businesses following recent bank failures.

By Elizabeth Flood • March 16, 2023

Burberry poaches CFO from McLaren

The British luxury fashion house announced another change in its C-suite after naming a new CEO just last year.

By Elizabeth Flood • March 15, 2023

Former CFO sentenced in $1.9M embezzlement scheme

The California man used his position as an auto dealership CFO to issue himself unauthorized checks, as well as pay for personal expenses with company credit cards, prosecutors said.

By Alexei Alexis • March 14, 2023