Towards a better future with sustainable finance and ESG reporting

CFOs have a leading role to play in the push for sustainability by turning to greener technologies and practices.  

By Parul Mehta and Lalitha Narni • May 30, 2023

Workday CFO stepping down, former Apple exec to take over

Barbara Larson, Workday’s current finance chief, will be replaced by Zane Rowe, who most recently served as CFO of VMware and previously did a stint as an Apple sales executive.

By Alexei Alexis • May 26, 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

Costco holds back on membership fee hike

As consumer spending slumps, the bulk retailer is holding back on its plans to boost membership fees and aiming to grow e-commerce and mobile sales.

By Grace Noto • May 26, 2023

ChatGPT aces CPA exam after prior version flunked

ChatGPT-3.5 took the CPA exam and got an “F.” The newest version of the AI learned from the failure, however, and nailed the test, researchers said.

By Jim Tyson • May 25, 2023

Drawing on SEC chops, Fundrise CFO preps for aftermath of inflation

The SEC and KPMG alum talks about embracing uncertainty, being willing to make wide career pivots and her outlook on the economy.  

By Grace Noto • May 25, 2023

Nvidia revenues soar amid AI demand

The chipmaker’s finance chief credited generative AI with driving “exponential growth” in the computing sector.

By Alexei Alexis • May 25, 2023

WeWork CFO follows CEO out the door

Andre Fernandez’s swift exit marks the company’s fourth CFO transition since March of 2020.

By Elizabeth Flood • May 25, 2023

Zoom raises forecasts, continues on AI train

The company is positive in its look ahead for 2024, despite recent headcount reductions and a slowing business environment.

By Elizabeth Flood • May 24, 2023

RingCentral CFO describes career choice, staying ‘fiercely prioritized’

From investment banking to an operational finance role to finally taking on a public company CFO role, Sonalee Parekh has run the gamut when it comes to her financial career path.

By Elizabeth Flood • May 23, 2023

What finance departments should be doing to prepare for the future

Businesses that hope to survive should be constantly thinking about what they need to do today to be ready for tomorrow.

May 22, 2023

Why CFOs must beef up their CX playbooks

The B2B market is facing a new generation of decision makers who are accustomed to speedy digital customer experiences, according to Billtrust CFO Bob Purcell. 

By Bob Purcell • May 19, 2023

Foot Locker taps Kohl’s exec for CFO

Kohl’s alum Michael Baughn will move into Foot Locker’s CFO role as the sneaker retailer reported slumping sales and lowered 2023 guidance.

By Grace Noto • May 19, 2023

Walmart to invest in supply chain as it outshines big-box rivals

Walmart attracted budget-conscious customers, but inflation persists as one of its strongest headwinds.

By Suman Bhattacharyya • May 19, 2023

GE promotes insider to CFO, prepares for spin-offs next year

Ahead of their planned three prong spin-off, the industrial giant has promoted Rahul Ghai, 51, to take the financial helm.

By Elizabeth Flood • May 18, 2023

Ex-Amazon finance leader headed for DocuSign

The new finance chief will help DocuSign to unlock both growth and operational efficiency, the company’s CEO said.

By Alexei Alexis • May 17, 2023

Data key to grasping generative AI fundamentals

As more companies try out generative AI, understanding the role and importance of the data underpinning these models is crucial for CFOs.

By Grace Noto • May 17, 2023

Lyft CFO steps down in latest of leadership changes

In the first week of his tenure, new CEO David Risher announced a 26% reduction in Lyft’s corporate workforce. Now, the current CFO is stepping down.

By Elizabeth Flood • May 17, 2023

SEC fines 10 microcaps for flawed stock offerings

The SEC sanctioned small companies that failed to follow rules under Regulation A, which offers early-stage businesses a low-cost way to raise capital.

By Jim Tyson • May 16, 2023

Disney CFO, ex-CEO named in shareholder lawsuit

The 39-page court document alleges that Bob Chapek, Christine McCarthy and Kareem Daniel misled investors regarding the health of the business.

By Elizabeth Flood • May 16, 2023

Retailers lag, energy firms lead in environmental disclosures: Fitch

Standards for gauging sustainability are gelling amid a backlash against government plans to require corporate disclosure on climate risk.

By Jim Tyson • May 12, 2023

Why CFOs need to act like the quarterback

Between juggling ChatGPT advancements and looming ESG reporting guidelines, CFOs need to be a “master of many town halls,” said EY’s Mike Kelly.

By Elizabeth Flood • May 12, 2023

Revolut CFO leaves digital bank for ‘personal reasons’

The company’s finance head is the latest to depart the troubled fintech as it fends off regulatory and financial concerns.  

By Grace Noto • May 12, 2023

FASB’s tax proposal will ‘change the game’

Previous FASB calls for greater income tax transparency have drawn pushback from businesses. This time the initiative appears to be gaining steam.

By Maura Webber Sadovi • May 12, 2023

FASB moves to tweak carried interest accounting

The FASB’s proposed changes to accounting guidance on so-called carried interest isn’t likely to make the same kind of waves that proposed changes to related tax rules caused.

By Maura Webber Sadovi • May 11, 2023

Disney to cut back streaming content as subscriber count slumps, CFO says

Disney’s restructured content strategy comes as the company faces legal battles, a changing entertainment environment and the impact of AI.

By Grace Noto • May 11, 2023