UPS CFO set to depart, citing health

The parcel delivery service’s CFO will be stepping down to focus on his personal health as UPS struggles to boost sagging shipping volumes.

By Grace Noto • May 7, 2024

Fraud detector Traceable zeroes in on GenAI threats

The startup is rolling out new AI-related threat detection capabilities on the heels of securing $30 million in funding from investors, including Citi Ventures.

By Alexei Alexis • May 7, 2024

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

Coca-Cola exec to take Diageo CFO seat

Diageo is tapping Coca-Cola alum Nik Jhangiani for its CFO as the Guinness maker battles slumping sales in the face of changing consumer tastes and spending trends.  

By Grace Noto • May 6, 2024

Microsoft says cybersecurity overhaul will impact top execs’ pay

The development follows harsh criticism by a Department of Homeland Security panel of the company’s response to a 2023 breach.

By Alexei Alexis • May 6, 2024

SEC hits Trump Media auditor with $12M fine

BF Borgers, an auditor of public company financial statements, has committed massive fraud impacting more than 1,500 SEC filings, the agency said.

By Alexei Alexis • May 3, 2024

Businesses need ‘eye in the sky’ scanning for geopolitical risks: McKinsey

Building a coordinated scanning and oversight capability can help organizations separate signal from noise, says Ziad Haider, a partner and global director at McKinsey.

By Suman Bhattacharyya • May 3, 2024

Peloton cuts jobs, searches for new CEO amid financial turmoil

“We made some very tough decisions, and while we firmly believe these actions are the right thing to do for the business, cuts like this are painful,” CFO Liz Coddington said. 

By Alexei Alexis • May 2, 2024

Driven Brands CFO resigns after one year on job

The automotive services company’s shares slumped Thursday after it released earnings and announced its finance chief is leaving the company.

By Maura Webber Sadovi • May 2, 2024

Marriott gears up for another year of major tech spending

The company expects full-year investments to reach $1 billion as digital transformation projects advance, according to its latest earnings call.

By Lindsey Wilkinson • May 2, 2024

Amazon clinching bigger, longer cloud deals after AI boost: CFO

Amazon is the latest tech giant whose hefty AI spending has been rewarded by Wall Street in the current earnings season. Meta has been an exception.

By Alexei Alexis • May 1, 2024

Modern finance team makeovers: Chief accounting officers

CFOs and CAOs have developed a “symbiotic relationship” as the finance function morphs into a driver of business strategy.

By Grace Noto • April 30, 2024

Cornell University CFO meets with students, protesters

As protests swept across U.S. college campuses last week, the Ivy League university's finance chief stepped into the fray.

By Maura Webber Sadovi • April 30, 2024

Escalating cyber talent shortage drives up risks: report

Cybersecurity threat actors' innovative methods are driving up demand for professionals with diverse and specialized skill sets, the World Economic Forum said.

By Alexei Alexis • April 30, 2024

Meta falls in AI reckoning as Microsoft, Google soar

Investors rewarded AI spending strategies at Microsoft and Google but rebuffed Meta, whose stock plummeted.

By Alexei Alexis • April 30, 2024

Trucking firm Saia CFO announces retirement

Douglas Col will stay on through the end of the year to ensure a smooth transition for his successor.

By Colin Campbell • April 29, 2024

Cannabis firm MedMen files for bankruptcy

MedMen is liquidating its California assets following a failure to clamp down on excessive debt, with its seventh CFO in a five year period exiting ahead of its bankruptcy. 

By Grace Noto • April 29, 2024

Rising geopolitical worries, war drive CFO hedging, US Bank says

The threat of geopolitical tensions is a growing worry for finance leaders while concerns about inflation have eased, a U.S. Bank study found.

By Maura Webber Sadovi • April 26, 2024

Chemours CFO resigns following accounting investigation

Jonathan Lock’s resignation comes after an internal audit determined he had engaged in unethical financial practices.

By Grace Noto • April 26, 2024

Customers Bancorp reframes ex-CFO’s dismissal

Carla Leibold's departure was by "mutual agreement," not "cause," the bank holding company said in an amended filing. Leibold will receive $2.5 million but will forfeit her equity awards.

By Dan Ennis • April 26, 2024

Former Chuck E. Cheese exec takes Dave & Buster’s CFO seat

The change comes as Dave & Buster's looks to drive growth through a dining experience overhaul, among other initiatives.

By Alexei Alexis • April 25, 2024

More M&A players hold back stay-bonus ‘dry powder,’ WTW says

Despite a recent uptick in mergers and acquisitions, some buyers are nonetheless growing more guarded about tapping their retention bonus budgets.

By Maura Webber Sadovi • April 24, 2024

Heathrow CFO transitions to COO role

Javier Echave is exiting the CFO role on a high note, after a record 18.5 million passengers traveled through the airport during the first quarter.

By Alexei Alexis • April 24, 2024

Tesla CFO eyes pullback in EV market amid slumping sales, restructuring

Tesla is leaning on AI, layoffs and new autonomous projects to help boost its future sales after a disappointing first quarter. 

By Grace Noto • April 24, 2024

FTC approves nationwide noncompete ban

In a difference from the proposed rule, senior executives subject to a noncompete agreement previously will remain subject to it; the ban will apply to executives going forward.

By Robert Freedman • April 24, 2024

PE-backed Kent Outdoors seats new CFO, hunts for Kona Bicycles buyer

Rob Otto is joining the Utah-based company as it puts a beloved mountain bike maker on the block and pivots to focus on water sports.

By Maura Webber Sadovi • April 23, 2024