Wells Fargo dips into BNY Mellon's pool to hire its next CFO

BNY Mellon CFO Mike Santomassimo will join the San Francisco-based lender in the fall, following the retirement of 22-year veteran John Shrewsberry.

By Jane Thier • July 21, 2020

6-time CFO: Take a 'war room' approach to crisis management

"When it's a big enough crisis, you treat it differently," said Jeff Laborde, CFO of JAGGAER.

By Jane Thier • July 19, 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

PepsiCo CFO pulls ads from Facebook, denies joining Facebook ad boycott

PepsiCo CFO Hugh Johnston confirmed to Yahoo Finance the company has suspended social media ads, but denied the decision is related to the broader Facebook boycott.

By Jane Thier • July 15, 2020

A/P automation CFO: Pandemic stress falls hard on finance teams

Two-thirds of finance leaders feel enormous coronavirus-related stress, according to a survey conducted by accounts payable automation company AvidXchange.

By Jane Thier • July 14, 2020

4-time CFO moves into 5th role at NS1

David Wilson has led finance teams in the network and communications space for over 20 years; NS1's rapid growth inspired him to make the move mid-pandemic.

By Jane Thier • July 13, 2020

Levi's CFO: 700-person layoff 'toughest call' of pandemic

Levi Strauss & Co. CFO Harmit Singh says the 15% workforce cut would allow for a "reallocation of resources to digital transformation, direct to consumer business growth."

By Jane Thier • July 10, 2020

Harley-Davidson CFO resigns amid mass layoffs, restructuring

John Olin, who has headed the motorcycle manufacturer's finance for 17 years, will be replaced on an interim basis by the company's treasurer as it searches for a permanent replacement. 

By Jane Thier • July 9, 2020

Survey: 77% of CFOs say company is underprepared for climate change

CFOs rate floods, droughts and wildfires as most financially concerning, according to a survey conducted by property insurer FM Global. 

By Jane Thier • July 8, 2020

Impossible Foods CFO: Converting 'hypergrowth' into long-term sustainability

According to David Lee, grocery demand for fresh or frozen plant-based meats surged 300% in March, while store sales of Impossible Burger have more than doubled every month since April.

By Jane Thier • July 7, 2020

Lemonade becomes biggest IPO of 2020; CFO credits versatility

Three-time CFO Tim Bixby helped the digital insurance company, which went public last week, pull off 2020's biggest IPO.

By Jane Thier • July 6, 2020

Survey: 94% of CFOs to change risk strategy, post-COVID-19

As the coronavirus pandemic brings risk and credit challenges to the forefront, CFOs are redoing their original plans, credit insurance company Euler Hermes found.

By Jane Thier • July 5, 2020

Amazon exec to step in as ViacomCBS CFO

Naveen Chopra, who has served as CFO of Amazon's Devices and Services business, Pandora, and TiVo, will begin his new role at the newly merged company on August 10.

By Jane Thier • July 1, 2020

What's your COVID-19 story?

When discussing 2020 plans with investors, Eric Knachel, Deloitte senior consultation partner, recommends figuring out your company's story to connect with stakeholders.

By Jane Thier • June 30, 2020

Deloitte survey reveals equal parts pessimism, optimism among Fortune 500 CFOs

Deloitte's latest quarterly CFO Pulse Survey found CFOs of large companies expressing renewed confidence in their ability to adapt, but great pessimism about the U.S. economy's rebound. 

By Jane Thier • June 29, 2020

How often should CFOs speak with the board?

Planful CEO Grant Halloran recommends CFOs update their company's board several times a week as financial planning becomes all the more fraught.

By Jane Thier • June 27, 2020

Will closing the books this quarter be harder than last?

Omar Choucair, CFO of financial close software provider Trintech, knows why his clients are struggling and how they can mitigate the difficulties.

By Jane Thier • June 25, 2020

Verizon CFO welcomed external advice for pandemic scenario planning

When COVID-19 hit, Matt Ellis consulted outside experts to help ensure his FP&A team's assumptions about going forward were realistic. 

By Robert Freedman • June 25, 2020

A CFO's 3-step plan for remaining profitable during COVID-19

LendingUSA's Ron Oertell says his company's services as a point-of-sale fintech are greater now than they were, pre-pandemic.

By Jane Thier • June 24, 2020

When should you revisit your pricing strategy?

Tom Fencl, CFO of Pricefx, believes a CFO's price strategy can make or break a business. 

By Jane Thier • June 23, 2020

Stericycle CFO adds 'CIO' to job description

Following CIO David Stahl's departure from the medical waste disposal company, CFO Janet Zelenka will take the reins, becoming CFO-CIO effective June 28.

By Jane Thier • June 22, 2020

3-time CFO: Pandemic will add to CFO duties

Long-time CFO Paula Bachman told CFO Dive the dissolving COO role, combined with the financial upset caused by coronavirus, will lead to a longer list of responsibilities for CFOs going forward.

By Jane Thier • June 21, 2020

When the CFO departs, who steps up?

Every company needs an established talent pipeline to fill the gap when its CFO leaves. But new research from CFO Dive finds that the role — and the way it is filled — is evolving. 

By Jane Thier • June 18, 2020

Steps CFOs take to get appointed to corporate boards

Start networking now and prepare for a major time commitment later, say recruiters who help CFOs gain consideration.  

By Ted Knutson • June 16, 2020

CFOs must balance innovation with frugality, surveys confirm

As companies begin executing their return-to-work plans, CFOs are tasked with a daunting double-mission: investing in necessary innovation, while also enforcing across-the-board frugality. 

By Jane Thier • June 15, 2020

Wells Fargo CFO predicts drop in net interest income, layoffs in 2020

In an appearance at Morgan Stanley Virtual U.S. Financials Conference Wednesday, CFO John Shrewsberry discussed the bank's second quarter earnings and plans for maintaining profitability throughout 2020.

By Jane Thier • June 14, 2020