2020 MIT Sloan CFO Virtual Summit: Full coverage

Dec. 4, 2020

CFO broke mold when he took Snap public in 2017

Drew Vollero, now CFO of security company Allied Universal, had no IPO or tech experience, but he knew how to build a finance function.

By Robert Freedman • Dec. 3, 2020

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

Capital One CFO to depart for health insurance start-up Oscar

R. Scott Blackley will leave the bank on March 1, and will be replaced by Andrew Young, its business line CFO.

By Jane Thier • Dec. 3, 2020

AT&T exec becomes WarnerMedia CFO amid latest round of layoffs

Jennifer Biry replaces Pascal Desroches, who will become AT&T's CFO.

By Jane Thier • Dec. 3, 2020

Salesforce CFO to depart amid landmark Slack deal

In an earnings release Tuesday, CEO Marc Benioff announced Chief Legal Officer Amy Weaver will step in as the next finance chief. 

By Jane Thier • Dec. 2, 2020

COVID-19 has led to better business insights, CFOs say

The pandemic’s upheaval forced finance teams to better understand what their customers, suppliers and employees want, according to CFOs at last month's MIT Sloan CFO virtual summit.

By Robert Freedman • Dec. 1, 2020

Noom CFO: Company pursues 'greater predictability' in forecasting, business planning

"We have made no decisions about an IPO, [but] we’re on the precipice of growing into a more mature, significant company," Michael Noonan says.

By Jane Thier • Dec. 1, 2020

Coca-Cola CFO prefers 'scenario management' to 'scenario planning'

Leadership starts with understanding the consumer and anticipating future trends, John Murphy said. Over time, Coca-Cola has moved from "essentially a single-brand company to what we call a 'total beverage company.'"

By Jane Thier • Dec. 1, 2020

Pandemic expanded CFO path to CEO, survey finds

Companies hiring CEOs during the pandemic are mostly tapping CEOs from other companies, but they're also increasingly hiring CFOs for the top spot, a survey of 965 global companies found.

By Robert Freedman • Nov. 26, 2020

How Gilead finally spent its money

This year, the biotech spent about $27 billion trying to become a leader in cancer research. But Gilead's CFO, Andrew Dickinson, said there's still work to be done.

By Jacob Bell • Nov. 24, 2020

Zoom, Grubhub took risks to help customers during pandemic

Few companies benefited from the pandemic more than these two, so finance decisions were made to help hard-hit customers, company CFOs said at the MIT Sloan CFO virtual summit.

By Robert Freedman • Nov. 23, 2020

Most important part of financial planning? Communication.

"This is when we need to show what leadership is all about," Judy Romano, CFO of commercial and technology for InterContinental Hotels Group, said on a virtual MIT Sloan CFO Summit panel Friday. 

By Jane Thier • Nov. 23, 2020

Lululemon names new CFO

Meghan Frank has served as co-CFO in the interim since April, and her appointment comes shortly after several exec moves in October.

By Cara Salpini • Nov. 20, 2020

How can CFOs become the deputy CEO?

Panelists at the MIT Sloan CFO Virtual Summit Thursday shared tactics and strategies for assuming the right-hand person role for their respective CEOs.

By Jane Thier • Nov. 19, 2020

Keep board meetings focused on strategy, avoid riffs, specialists say

Panelists at the MIT Sloan CFO virtual summit this week recommend getting financial information to members early to make board meetings more productive.

By Robert Freedman • Nov. 19, 2020

CFOs prioritize future-readiness; are wary of investing, survey finds

More than 5% of CFOs say their 2020 revenues are expected to be at least 3% lower than in 2019, Everest Group and WNS Global Services' Global CFO Survey found.

By Jane Thier • Nov. 19, 2020

How CFOs adjust storytelling to audiences' 'altitude'

Finance leaders need to know number details, but also how to tell the company’s high-level story, Avalara CFO Ross Tennenbaum said.

By Robert Freedman • Nov. 18, 2020

Sysco taps Target, Hillshire Brands alum as CFO

Aaron Alt has spent more than two decades leading large corporations' finance and operations, an experience Sysco will rely on it as it heads into a season of tightened restrictions.

By Jane Thier • Nov. 17, 2020

Cisco taps veteran SaaS CFO as new finance chief

In an effort to bolster its SaaS offerings, including its WebEx video-calling service, the company tapped Citrix and Autodesk alum R. Scott Herren to lead finance. 

By Jane Thier • Nov. 16, 2020

Credit action helped payments company FLEETCOR withstand COVID-19

The company reined in the amount companies could float, limiting its exposure amid the uncertainty.

By Robert Freedman • Nov. 15, 2020

Data analytics, RPA top list of 2021 digital priorities, survey finds

In Gartner's most recent survey, all five of CFO's top priorities heading into 2021 are concerned with getting tech right.

By Jane Thier • Nov. 15, 2020

Lufthansa taps chocolate manufacturer CFO as its third finance chief of 2020

Remo Steenbergen will take over the German airline's finances from CEO Carsten Spohr, who had been serving as interim finance chief since June.

By Jane Thier • Nov. 12, 2020

Fifth Third CFO leaves for BMO, prompting C-suite shuffle

Tayfun Tuzun is the second C-suite exec to leave the Cincinnati-based bank in the past two weeks. Executive Vice President Philip McHugh left Oct. 26, and is subsequently suing the bank for age discrimination.

By Jane Thier • Nov. 11, 2020

Should CFOs stay in touch with recruiters after getting the job?

Even for CFOs with no intention of switching jobs, maintaining a long-term relationship with a recruiter could be crucial to their trajectory, executive recruiter Toya Lawson says.

By Jane Thier • Nov. 10, 2020

American Express finance chief moves to fintech Broadridge

Edmund Reese, who has led finance at American Express, Merrilll Lynch and Smith Barney, starts at the fintech on November 30.

By Jane Thier • Nov. 9, 2020