Beyond Meat’s lean inventory is key, CFO says

The California company is one of a growing number of firms pivoting to cut costs through layoffs, real estate consolidation and other measures.

By Maura Webber Sadovi • Feb. 24, 2023

FarFetch CFO to exit in 2023

The London-based luxury fashion retailer is hunting for a successor as CFO Elliot Jordan is poised to depart after eight years.

By Elizabeth Flood • Feb. 24, 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

Standard-setters consider softer start to climate risk disclosure

A backlash against proposals to require detailed corporate reporting on climate risk may compel more gradual application of the rules.

By Jim Tyson • Feb. 24, 2023

Block boosts CFO Ahuja’s responsibilities

Pledging to be more efficient with a revamp of the company’s leadership structure, Block has combined the CFO and COO roles under Amrita Ahuja.

By Caitlin Mullen • Feb. 24, 2023

‘Macro drivers’ blamed as Overstock.com revenues plummet

The Salt Lake City, Utah-based home furnishings seller’s CEO said factors such as inflation contributed to its fourth quarter loss.

By Alexei Alexis • Feb. 22, 2023

Large companies hide behind net zero ‘fig leaf’: report

Many of the world’s biggest companies are exaggerating their efforts to reduce carbon emissions, according to the Corporate Climate Responsibility Monitor.

By Jim Tyson • Feb. 21, 2023

Home Depot CFO expects flat consumer spending, sales

The home goods and improvement company is committed to a $1 billion investment in compensation for its frontline workers, CFO John McPhail said, even as it forecasts flat 2023 sales.

By Grace Noto • Feb. 21, 2023

Hasbro profits take hit amid ‘challenging’ climate

The company’s disappointing fourth-quarter revenues highlight the ongoing risks that inflation poses to the bottom lines of many U.S. companies.

By Alexei Alexis • Feb. 17, 2023

DoorDash shuffles CFO to COO

DoorDash said it will move its current CFO to its COO position and swap in its vice president of finance and strategy for the top financial seat.  

By Grace Noto • Feb. 17, 2023

Airbus names new CFO after 5-month search

The current CFO is set to depart on March 3, leaving a senior executive to fill in until the new finance chief arrives in the fall, the company said.

By Alexei Alexis • Feb. 16, 2023

Inflation tops concerns weighing on CFOs

Amid economic uncertainty, financial forecast accuracy, liquidity, cash flow, and capital structure will be among top priorities for CFOs this year, according to a study.

By Alexei Alexis • Feb. 15, 2023

Nominee to lead IRS commits to narrowing ‘tax gap’

Daniel Werfel, tapped by President Biden to lead the IRS, faced Republican criticism of $80 billion in extra funding for the agency during a confirmation hearing.

By Jim Tyson • Feb. 15, 2023

Marriott CFO says wage pressures have moderated

As pandemic restrictions loosened and travel resumed, many lodging companies have struggled to staff hotels, with some cutting back housekeeping.

By Maura Webber Sadovi • Feb. 14, 2023

Credit Suisse reportedly pulls C-suite, banker bonuses

The Swiss bank is aiming to incentivize executives with long-term awards as it attempts to return to profitability. It reported its second consecutive annual net loss.  

By Grace Noto • Feb. 10, 2023

Middle market CFOs face revenue, spending dichotomy: study

Although a majority of middle market CFOs expect increased revenue in 2023, only 18% plan to increase spending to support that growth, according to a recent study.

By Elizabeth Flood • Feb. 10, 2023

Opening the books on pay-versus-performance: Are you ready?

The new disclosures are meant to help investors compare executive compensation with company performance. It’s turning out to be a heavy lift for some companies.

By Ramona Dzinkowski • Feb. 10, 2023

Disney cuts 7,000 workers with laser focus on streaming business

The Mouse House is slashing 3.6% of its workforce after CEO Bob Iger’s recent return to his role.

By Elizabeth Flood • Feb. 9, 2023

Chipotle CFO hopes for ‘reasonably tame’ inflation

The burrito chain is bracing for the possibility of inflation-induced pressure on ingredients such as beef.

By Alexei Alexis • Feb. 8, 2023

Watch for accidental fraud, forensic accounting expert says

Kelly Richmond Pope believes CFOs need to understand what motivates three types of fraud perpetrators: the intentional, the accidental and the righteous.

By Maura Webber Sadovi • Feb. 8, 2023

Pinterest CFO to depart following weak quarter

Todd Morgenfeld’s departure follows mediocre quarterly results from the social media service, which is facing a slowdown in ad spending.

By Grace Noto • Feb. 7, 2023

Mid-size businesses plan for ‘aggressive hiring’: report

"We call it the mighty middle market," Doug Farren of the NCMM said. With confidence rebounding, these companies aim to grow their workforce in 2023.

By Elizabeth Flood • Feb. 7, 2023

Fiserv CFO discloses acquisitions

Fiserv spent $1 billion on acquisitions in 2022,  in part helping to growing its international business, said Fiserv CFO Bob Hau. The spending follows workforce cuts and shuttered business units by the company.

By Caitlin Mullen • Feb. 7, 2023

House Republicans target SEC climate risk rule

Having taken control of the U.S. House, Republicans are redoubling efforts to thwart the Biden administration’s sustainability initiatives.

By Jim Tyson • Feb. 6, 2023

Tyson Foods ‘hit in the mouth’ with disappointing earnings

The meat processor is facing unusual pressures across its chicken, pork and beef segments, executives said on Tyson Foods' earnings call Monday.

By Elizabeth Flood • Feb. 6, 2023

Amazon CFO points to slowing customer spend as cloud growth shrinks

Optimization efforts by more economical enterprise customers will continue to be a headwind for its AWS sector, Amazon’s CFO said.

By Grace Noto • Feb. 3, 2023