FedEx launches search to replace retiring CFO

The package delivery giant said it has begun a search for a new finance chief who combines “deep financial expertise with strong operational capabilities.”

By Alexei Alexis • June 21, 2023

How Infinera’s CFO practices what she preaches

CFO Nancy Erba dishes on how she strives to lead by example when it comes to women in the workplace.

By Elizabeth Flood • June 21, 2023

Explore the Trendline➔

Top 5 stories from CFO Dive

The promises and traps of generative AI, revamped modern finance teams and stark geopolitical risks are among the top forces CFOs are grappling with this year.

By CFO Dive staff

Unisys CFO targets revenue growth

A strong CFO-CEO relationship will be critical as technology solutions firm Unisys gears up to take advantage of the $1 trillion IT solutions market opportunity, CFO Debra McCann said.

By Grace Noto • June 20, 2023

Carlyle Group promotes insider to CFO seat

Following longtime CFO Curt Buser’s decision to retire, the global investment firm has appointed a company veteran and Goldman Sachs alum to the financial helm.

By Elizabeth Flood • June 20, 2023

Kroger execs still feel inflation’s pinch, glimpse relief

The grocery giant is still grappling with rising prices as well as the end of pandemic-era food benefits that is constraining budgets of many lower-income customers.

By Maura Webber Sadovi • June 15, 2023

Microsoft beefs up AI-powered business automation tools

The enhancements include new features aimed at helping managers, including in finance departments, reduce time spent on task planning and risk assessments, according to a blog post.

By Alexei Alexis • June 15, 2023

Five Below poaches McDonalds alum for CFO

The extreme-budget retailer is reshuffling its C-suite, with Ken Bull’s promotion to COO and Kristy Chipman’s appointment to CFO.

By Elizabeth Flood • June 15, 2023

Citi CFO says tech initiatives will drive 5K job cuts this year

The bank has cut 1,600 jobs in the second quarter and expects a $300 million to $400 million uptick in expenses largely because of the severance costs, CFO Mark Mason said Wednesday.

By Suman Bhattacharyya • June 15, 2023

Wells Fargo CFO warns of commercial real estate weakness

Wells Fargo CFO Michael P. Santomassimo is the latest big bank executive to detail commercial real estate distress and its potential impact on lenders.

By Maura Webber Sadovi • June 14, 2023

Chico’s promotes senior finance exec to CFO seat

As Patrick Guido moves on to “another opportunity,” former interim CFO and current chief accounting officer David Oliver takes the financial helm.

By Elizabeth Flood • June 13, 2023

Singapore Airlines promotes insider to CFO amid C-suite shakeup

After his work with the Air India merger, CFO Tan Kai Ping is leaving his post as CFO to take on the role of chief operating officer.

By Elizabeth Flood • June 12, 2023

Using a human-centric lens to reevaluate your real estate portfolio

To support their people in a meaningful way, companies need to think about space with both cost savings and human centricity in mind.

June 12, 2023

IRS waives penalty tied to new 15% corporate minimum tax

Companies have an extra year to determine their liability under the complex minimum tax signed into law last year.

By Jim Tyson • June 8, 2023

Strong demand helps Brown-Forman thwart high materials costs

The company’s CFO touts demand for high-end spirits products and the return of pre-pandemic travel that helped boost profit 36% year over year.

By Suman Bhattacharyya • June 8, 2023

California lawmaker weighs in on FASB crypto proposal

Sherman, a ranking member of the House Financial Services’ Subcommittee on Capital Markets, has sought to ban crypto — which he has called “an electronic pet rock.”  

By Maura Webber Sadovi • June 8, 2023

PCAOB aims to sharpen auditor focus on fraud

The U.S. audit watchdog said its newest proposal would speed notification of noncompliance, reducing ultimate costs to investors.

By Jim Tyson • June 7, 2023

SEC sues Coinbase as federal crackdown on crypto continues

Coinbase was accused Tuesday of operating an unregistered national securities exchange, broker and clearing agency. The SEC also took aim at its staking-as-a-service program, a day after suing crypto firm Binance.

By Gabrielle Saulsbery • June 7, 2023

Canadian regulators suspend ex-blockchain CEO, CFO

Robert Earle Dawson and David Malcolm Alexander were temporarily suspended for misrepresenting that their former company would retain just a small portion of funds raised. 

By Maura Webber Sadovi • June 6, 2023

GOP lawmakers tell Gensler not to bow to EU’s tough climate rules

The Biden administration aims to allow strict EU standards on climate risk to guide actions by U.S. companies, according to top Republican legislators.

By Jim Tyson • June 6, 2023

Companies weigh case for emerging active shooter insurance

While mass shootings are unfortunately not new, insurance policies that specifically take them into account only began emerging around 2016.

By Chris Gaetano • June 5, 2023

Pay transparency cuts turnover risk — except for Gen Z

Younger workers are less knowledgeable about how pay is determined and more likely to consider leaving a company if they are not being shown that they are valued, according to the Payscale report.

By Maura Webber Sadovi • June 2, 2023

Chipmaker Broadcom joins generative AI gold rush

The chipmaker projects revenues related to generative AI will double in the next year even as it faces questions of possible business "cannibalization" by the tech.

By Grace Noto • June 2, 2023

Salesforce North America unit takes ‘brunt’ of revenue slowdown

The cloud software company’s revenue growth slowed in the U.S. during the first quarter of its fiscal year 2024 while expanding in other parts of the world, its CFO said.

By Alexei Alexis • June 1, 2023

Struggling biotech reups support for CEO-CFO

Exicure’s newly-minted CEO-CFO is attempting to find new potential partners and explore other avenues of growth to right the course of the struggling biotech.

By Grace Noto • May 31, 2023

Wayfair exec heads to Pinterest as CFO

Roughly three months after Pinterest CFO Todd Morgenfeld announced his departure, the craft-focused social media company has hired Julia Brau Donnelly to take the helm.

By Elizabeth Flood • May 31, 2023