Leadership: Page 12
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Wells, PNC CFOs see office spaces leading CRE stress
“Older office buildings that are not renovated in certain areas of different cities are the places that you’re seeing the most stress,” Wells Fargo CFO Mike Santomassimo said Tuesday.
By Caitlin Mullen • June 12, 2024 -
Courtesy of JLL
Office fit-out cost growth downshifts to 2.7%: JLL
While U.S. and Canadian workers are typically in the office just 3.1 days a week, employers are still spending more when building new space.
By Maura Webber Sadovi • June 11, 2024 -
Explore the Trendline➔
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TrendlineCompensation: 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 -
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IBM’s Apptio unit tests AI tool trained to tackle rising IT costs
The effort comes as many finance leaders are grappling with out-of-control cloud expenses.
By Alexei Alexis • June 11, 2024 -
Justin Sullivan via Getty Images
OpenAI appoints Nextdoor, Square alum as CFO
Sarah Friar brings a resume packed with both Silicon Valley and investment banking experience to her new role at the artificial intelligence firm.
By Maura Webber Sadovi • June 10, 2024 -
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Four takeaways from the CFO Leadership Council’s confab
Generative AI, labor challenges, and cybersecurity worries were some of the top issues on finance chiefs' minds during the two-day conference.
By Grace Noto • June 10, 2024 -
Justin Sullivan via Getty Images
Alphabet hands new CFO $9.9M sign-on bonus
The incoming finance chief — Eli Lilly veteran Anat Ashkenazi — was granted the bonus in light of “her prior company’s forfeited compensation,” Alphabet said.
By Alexei Alexis • June 10, 2024 -
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Quiet vacationing: What’s this summer work trend?
The workers who are afraid of taking PTO have come up with a complicated solution to their anxieties.
By Caroline Colvin • June 7, 2024 -
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How big retailers are battling the last-mile delivery squeeze
Walmart, Target and Kroger executives pointed to price and technology improvements that they are using to offset cost pressures.
By Suman Bhattacharyya • June 7, 2024 -
Courtesy of Chemours
Chemours appoints new CFO after accounting probe
The appointment comes after the chemical company discovered that three of its top executives, including its then-CFO, engaged in unethical financial practices.
By Alexei Alexis • June 6, 2024 -
Spencer Platt/Getty Images via Getty Images
Sierra Club, NRDC drop legal challenges to SEC climate rule
The two environmental groups have decided to focus resources elsewhere to improve climate-related financial disclosures.
By Lamar Johnson • June 6, 2024 -
Courtesy of Toast Inc
Toast CFO aims to build ‘enduring’ company on path to profitability
Three years after Toast went public, thinking strategically about building a team for the future was one of her most important early priorities, said CFO Elena Gomez.
By Grace Noto • June 6, 2024 -
Justin Sullivan via Getty Images
Alphabet taps Eli Lilly veteran to replace longest-running CFO
Anat Ashkenazi will succeed Ruth Porat, a powerful Silicon Valley leader who took the tech giant’s finance reins in May 2015.
By Alexei Alexis • June 5, 2024 -
Courtesy of Consortium of Cybersecurity Clinics
Few CFOs control cybersecurity budgets. Here’s why more should.
Tech executives, not CFOs, most often call the shots on cybersecurity spending at middle market companies, according to a recent RSM US survey.
By Maura Webber Sadovi • June 4, 2024 -
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$1.4B water brand Liquid Death taps Jim Beam alum for CFO
The canned water brand is bringing in beverage veteran Karim Sadik-Khan as it targets the expansion of its distribution channels and further product innovation.
By Grace Noto • June 4, 2024 -
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Live Nation confirms Ticketmaster data breach after proposed class action
The breach, which reportedly exposed the personal data of more than 500 million consumers to the “dark web,” was the direct result of poor cybersecurity measures, the lawsuit alleges.
By Alexei Alexis • June 4, 2024 -
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Number of CFO job listings calling for AI skills hits 23%: Datarails
The April number is up from 20% in January, according to the study, which analyzed listings on job portals such as Glassdoor, Indeed, Job2Careers and ZipRecruiter.
By Alexei Alexis • June 4, 2024 -
Courtesy of Hertz/GM
Hertz poaches Spirit Airlines CFO
Less than a year after taking the permanent CFO seat, Alexandra Brooks is exiting the rental car company as it struggles to manage its bold EV bet.
By Maura Webber Sadovi • June 3, 2024 -
Spencer Platt via Getty Images
Fintech Navan appoints NYSE alum for CFO ahead of planned IPO
The ex-NYSE CFO will take Navan’s top financial seat as the company sets the stage for a future public offering.
By Grace Noto • June 3, 2024 -
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Costco’s CFO calls $1.50 hot dog ‘safe’ in debut earnings call
The retailer’s new finance chief Gary Millerchip is staying the course on the company’s popular $1.50 hot dog and soda combo pricing.
By Maura Webber Sadovi • May 31, 2024 -
Jeff Schear via Getty Images
FanDuel parent Flutter swaps CFOs amid pivot to NYSE listing
The CFO swap comes as Flutter hones in on the U.S. for future growth and expansion.
By Grace Noto • May 31, 2024 -
Permission granted by Bluebird bio
Bluebird names new CFO after accounting errors
The biotech company is revising financial statements for 2022 and the first three quarters of 2023 following the discovery of accounting missteps.
By Alexei Alexis • May 30, 2024 -
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Quility CFO looks to balance liquidity, growth in high-rate environment
Interest rates remain something CFO Jennifer Yaross is keeping an eye on when it comes to “other levers we want to pull,” she said.
By Grace Noto • May 30, 2024 -
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Competitive bidding used to reduce outside counsel fees in pharma case study
By giving law firms a chance to adjust their proposals, legal teams can engage litigation or transaction work at a lower cost than initially proposed, a white paper says.
By Robert Freedman • May 30, 2024 -
Justin Sullivan via Getty Images
Alphabet’s Google Fiber appoints its first CFO
John Abbot, a Goldman Sachs and Morgan Stanley alum, has taken Google Fiber’s finance reins.
By Maura Webber Sadovi • May 29, 2024 -
Laurence Dutton via Getty Images
65% of CFOs are building GenAI into their strategy: Billtrust
The study also found a significant knowledge gap, with only 49% of CFOs saying they felt “very knowledgeable” about GenAI's capabilities.
By Alexei Alexis • May 29, 2024
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