Leadership: Page 59
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Moderna CFO exits abruptly amid probe at former company
Jorge Gomez's departure came just one day after he took the reins as CFO of Moderna, which has become a household name due to the rapid development and success of its coronavirus vaccine.
By Maura Webber Sadovi • May 11, 2022 -
Chipotle CFO doesn't rule out more food inflation despite pause
Finance chief Jack Hartung said the restaurant chain has raised prices by a total of about 10% for the 12 months through the first quarter compared to 2% in a typical year.
By Maura Webber Sadovi • May 10, 2022 -
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 -
Opinion
With SEC's proposed climate rules, CFOs should listen to investors
A stakeholder-influenced materiality assessment will help business leaders comply with the SEC's proposed disclosure rules and focus their sustainability efforts.
By Donavan Hornsby • May 9, 2022 -
Judge dismisses class action against Wells Fargo, former CEO, ex-CFO
Investors led by a retirement fund for Hawaii state employees failed to prove the bank unjustifiably inflated loans, understated loss reserves or misstated its practices, a judge ruled Friday.
By Robin Bradley • May 9, 2022 -
Appointment of women to Fortune 500 boards hits record high
Boards have made strides toward greater diversity but still do not sufficiently represent some racial and ethnic groups, Heidrick & Struggles said.
By Jim Tyson • May 6, 2022 -
Skanska posts 21% dip in Q1 profits as CFO cites inflation
Skanska CFO Magnus Persson, while citing a drag from inflation, identifies infrastructure spending as a future bright spot.
By Zachary Phillips • May 6, 2022 -
Halliburton picks company veteran for CFO spot
The oil field services giant is "appropriately viewed as a major beneficiary" of rising fossil fuel prices and oil field activity, according to a report from Cowen analysts.
By Maura Webber Sadovi • May 3, 2022 -
Global minimum tax compliance to take 'significant' company resources
Forty percent of businesses surveyed by EY have considered adding headcount, outsourcing tax department operations and investing in new technology to meet BEPS 2.0 requirements.
By Maura Webber Sadovi • May 2, 2022 -
Q&A
New McCarthy CFO: Jobs crisis industry's 'biggest challenge'
Kristine Newman, recently promoted to the CFO seat at the St. Louis-based contractor, said she believes building a unified front is key to combating the labor shortage.
By Zachary Phillips • April 28, 2022 -
Hiring, strategizing compete for CFO time: survey
Eighty-eight percent of CFOs at private-equity backed companies surveyed said they underestimated the time it would take to migrate financial and accounting processes to a state-of-the-art enterprise resource planning system (ERP) and software stack.
By Maura Webber Sadovi • April 28, 2022 -
Mega-cap CFOs in high demand as IPOs, retirements thin supply
"The increased use of cash over equity in compensation packages is a sign that CFOs are in demand as companies would typically rather give equity," according to Robert Lamp of Korn Ferry.
By Maura Webber Sadovi • April 26, 2022 -
SEC alleges Brazilian ex-CFO planted false Berkshire Hathaway story
Fernando Passos used a fabricated shareholder list and a fake email as part of a scheme to bolster his false Berkshire Hathaway claim and pump up IRB's flagging stock, according to the complaint.
By Maura Webber Sadovi • April 20, 2022 -
Pay, health benefits beat flexible work in winning new hires
While employees are swayed most by pay and bonuses, an increasing percentage of workers said healthcare and retirement benefits are key to whether they stay or go, a survey found.
By Maura Webber Sadovi • April 18, 2022 -
CFOs eye hybrid office savings; firms grow in place
While some companies have sought to dump office leases, others are looking to keep a lid on costs by quietly accommodating more hybrid workers in existing space.
By Maura Webber Sadovi • April 18, 2022 -
PayPal CFO exits for Walmart
PayPal's CFO John Rainey said he would leave to join the retailer at the end of May. The exit follows a rough end to 2021 for the digital payments pioneer. One analyst said it wasn't a surprise after "a period of overpromising and under-delivering."
By Lynne Marek • April 13, 2022 -
Pfizer, Moderna tap new CFOs outside pharma
The changes in the COVID-19 vaccine-makers’ C-suites come as the recent easing of pandemic pressures will likely pave the way for more CFO and executive exits, one expert said.
By Maura Webber Sadovi • April 12, 2022 -
Twinkies-maker Hostess taps former Kraft Foods executive as CFO
As many companies are focusing on diversity, equity and inclusion (DE&I) initiatives, Travis Leonard is one of a recently growing but still small number of Black executives tapped to fill CFO seats at public companies.
By Maura Webber Sadovi • April 11, 2022 -
Doudna's CRISPR biotech taps ex-Merrill banker as CFO
While initial public offerings in the Americas plummeted 72% during the first quarter, Elaine Sun believes strong companies can go public even in volatile markets.
By Maura Webber Sadovi • April 8, 2022 -
New Sigyn CFO maps Nasdaq uplist, shelf registration strategy
Sigyn's Jeremy Farrell is preparing to issue more shares even as some companies are shying away from tapping equity amid rising stock market volatility.
By Maura Webber Sadovi • April 7, 2022 -
Spencer Stuart's new CFO tracks Ukraine
Christine Laurens is now a three-time CFO even as women still only accounted for 15.1% of CFOs at major companies last year.
By Maura Webber Sadovi • April 4, 2022 -
Hardee's, Carl's Jr. parent names ex-Caribou exec as CFO
CKE is one of the latest quick service restaurant companies to launch a digital loyalty program, an offering that has emerged as a key area of competition.
By Kaishi Chhabra • April 1, 2022 -
CFO scenario planning is key as Biden pushes 28% corporate tax rate
“The advice we’re giving people is to watch what the Build Back Better morphs into in 2022 and see if there’s momentum to push through those tax changes,” said PwC's Ken Kuykendall.
By Maura Webber Sadovi • March 31, 2022 -
Geopolitical tensions, inflation dim CFOs' economic outlook: Deloitte
CFOs are entering 2022 with lower expectations for the economy and their business prospects, according to a Deloitte survey.
By Kaishi Chhabra • March 30, 2022 -
Crypto firm Abra's new CFO digs into war for talent
Justin McMahan joins a growing number of executives leaving more mainstream finance companies to helm the finances at crypto-focused firms.
By Maura Webber Sadovi • March 28, 2022 -
Opinion
How growth, inflation and access to capital will play off one another this year
The rise in prices is complicating CFOs' plans as they continue to focus on talent, transformation and growth as their strategic priorities.
By Wes Bricker • March 25, 2022