Six ways FedNow may affect businesses’ cash flow

Touted as the biggest upgrade to the U.S. government’s payment system in 50 years, FedNow launched Thursday. CFOs need to get ready for it.

By Suman Bhattacharyya • July 24, 2023

Chevron taps CTO for finance chief

Chevron’s CTO will take its top finance seat in 2024, the company announced Sunday among a series of senior leadership shifts.

By Grace Noto • July 24, 2023

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CFO best practices in the evolving generative AI era

As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era appears to be taking shape.

By CFO Dive staff

Zaxby’s snaps up Dollar General, Yum Brands alum for CFO

Donny Lau was named finance chief of the Athens, Georgia-based chicken chain which aims to grow well beyond its Southern roots. It has locations in 17 states.

By Maura Webber Sadovi • July 24, 2023

One CFO’s stealth IPO market tests

“Bake-offs” and confidential filings can clue executives in on their company’s prospects well ahead of going public, Clearwater Analytics CFO Jim Cox says.

By Maura Webber Sadovi • July 20, 2023

XPO taps in-house finance leader for CFO seat

The XPO finance chief is leaving for another opportunity after less than a year at the freight transport service.

By Alexei Alexis • July 20, 2023

Cardlytics taps CLEAR alum for finance chief

Alexis DeSieno, a veteran of biometric identification company CLEAR, takes Cardlytics' finance reins as the company grapples with a continuing slump in digital advertising.

By Grace Noto • July 18, 2023

FedEx picks transportation industry veteran for CFO

Just under a month after announcing CFO Michael Lenz was retiring, FedEx appointed air cargo industry veteran John W. Dietrich as its new finance chief. 

By Maura Webber Sadovi • July 18, 2023

SIFMA calls to slow CECL credit-losses project

The current expected credit losses accounting standard was aimed at fostering timelier reporting of deteriorated assets. It’s been controversial.

By Maura Webber Sadovi • July 17, 2023

CFOs warm to outsourcing

Hiring outside firms to fill more specialized roles can help reduce some of the responsibilities that are being heaped on finance chiefs’ shoulders. Outsourcing can also cut costs. 

By Grace Noto • July 17, 2023

Finance function budgets jump 7.5%: study

The majoriy of finance departments studied were about as efficient as a “monster truck,” a Hackett Group researcher said. There are steps companies can take to make them run more like Priuses.

By Maura Webber Sadovi • July 14, 2023

$6.2B accounting flub at Pentagon draws GOP fire

Republicans criticized the Pentagon in the run-up to House passage on Friday of the $866 billion National Defense Authorization Act for fiscal year 2024.

By Jim Tyson • July 14, 2023

Authentic Brands taps Tapestry, Saks alum as CFO

Kevin Wills is taking the New York City-based company’s CFO seat as the firm is once again contemplating going public. It shelved previous IPO plans in 2021.

By Grace Noto • July 14, 2023

Healthcare bankruptcies jump as crypto ‘calms down’

Labor costs and a fall-off in government aid are factors cited behind healthcare industry distress. Meanwhile, bankruptcy experts said a commercial real estate “bubble” looms.  

By Maura Webber Sadovi • July 14, 2023

Fed touts FedNow’s fraud tools

Cleveland Fed President Loretta Mester spelled out some of the tools that the new instant payments system will have for thwarting fraud during a speech this week.

By Lynne Marek • July 13, 2023

Shareholder activism surges in 2023: Freshfields

Republican lawmakers are pushing back against ESG activism, saying they are defending the interests of Main Street investors.

By Jim Tyson • July 13, 2023

GlobalFoundries, CFO designate part ways

The company and former Amazon executive Tim Stone mutually agreed to scrap plans for him to take over as CFO.

By Alexei Alexis • July 12, 2023

Why all CFOs need to be prepared for bank capital requirement changes

With banks potentially undergoing capital requirement changes, CFOs need to be hyper-aware when it comes to the financial health of their businesses, according to Northern Edge Advisors’ president.

By Elizabeth Flood • July 12, 2023

Hanesbrands promotes interim CFO to permanent seat

Scott Lewis, a 17-year company veteran, has been at the financial helm of Hanesbrands on an interim basis since the former CFO Michael Dastugue stepped down for family reasons in January.

By Elizabeth Flood • July 11, 2023

Oatly taps Pandora alum for CFO

Oatly CFO Marie-Jose David comes to the financial helm of the oat milk maker as the company looks to get “aggressive” this year.

By Elizabeth Flood • July 10, 2023

Business bankruptcies pick up again

Small business bankruptcy filings soared 55% year-over-year. The rise came as changes in the law increased the eligibility filing limits.

By Maura Webber Sadovi • July 10, 2023

How AI could fix accounting’s image problem: Oracle

Promoting the role of technology and innovation in your finance department can help attract new accounting talent and free up more time for finance to act as a strategic business partner.  

By Grace Noto • July 10, 2023

Pot supplier MedMen names new CEO, CFO

The struggling cannabis retailer named its fifth CEO in three years and seventh CFO in five years.

By Alexei Alexis • July 6, 2023

Uber competitor Bolt appoints new CFO

As the Estonian ride-hailing company looks ahead to an IPO in 2025, Mikko Salovaara, former CFO of Revolut, takes the financial helm.

By Elizabeth Flood • July 6, 2023

Wise CFO nets larger pay than CEO

CFO Matt Briers took home higher compensation as he prepares to step down from the company. The money transfer service’s CEO is also leaving for a planned sabbatical in September.

By Grace Noto • July 6, 2023

Auddia CFO steps down after a five month stint

Timothy Ackerman is departing from his role as CFO of the AI platform after being appointed in February.

By Elizabeth Flood • July 5, 2023