Leadership: Page 13
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Jacobs-led QXO taps Barclays alum as first finance chief
M&A “heavy hitter” Ihsan Essaid will take the top financial seat as QXO looks to become a market leader in the building product distribution space.
By Grace Noto • May 28, 2024 -
Courtesy of Gain Therapeutics
Gain biotech CFO aims past burn to budget for growth
The Bethesda, Maryland-based biotech, which is facing liquidity pressures, appointed Gene Mack as its new finance chief in April.
By Maura Webber Sadovi • May 28, 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 -
"U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
SEC clarifies intent of cybersecurity breach disclosure rules after initial filings
The rules require notification of “material” breaches, but some early filers have reported incidents that appear to fall short of the regulatory threshold.
By Alexei Alexis • May 28, 2024 -
Justin Sullivan via Getty Images
Nvidia shows off strength of AI with 262% sales jump
“The next industrial revolution has begun,” Nvidia CEO Jensen Huang said during an earnings call last week.
By Alexei Alexis • May 28, 2024 -
Courtesy of FASB
KPMG alum rises to FASB leadership post as first female vice chair
Hillary Salo was already poised to extend women’s historic majority on the seven-member FASB when she joins in July. Now she will be its first female vice chair.
By Maura Webber Sadovi • May 24, 2024 -
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Raymond James taps CAO as CFO successor
The wealth management company’s top accounting officer will assume the CFO role as finance chief Paul Shoukry preps to take over as CEO.
By Grace Noto • May 24, 2024 -
Matthew Eisman/Getty Images for Pandora Media via Getty Images
Spotify vet tapped for VF Corp.’s CFO chair
The appointment is part of a broader leadership shake-up at the struggling footwear company as it tries to restore profitable growth.
By Alexei Alexis • May 23, 2024 -
JP Yim via Getty Images
Ralph Lauren revenue up slightly, CFO exits
The company said Q4 and fiscal 2024 were ahead year-over-year, but predicted upcoming declines and announced the departure of Jane Nielsen after eight years.
By Lara Ewen • May 23, 2024 -
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Red Lobster’s ‘erratic’ payments to vendors among bankruptcy warning signs: Creditsafe
The company’s average “days beyond terms” jumped from 15 in December to 30 in January, reaching 57 as of March.
By Alexei Alexis • May 22, 2024 -
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AI startup Anthropic brings in Airbnb alum as first CFO
Anthropic is getting its first-ever finance chief as the company attempts to crack AI’s “black box” in the face of growing ethical and security worries.
By Grace Noto • May 22, 2024 -
Courtesy of BCG
Q&AHow companies should approach compliance under multiple climate reporting regulations: BCG
BCG's Tim Mohin said the CFO "owns" the regulatory reporting process as their office is most responsible for financial statements that will include climate information in the future.
By Suman Bhattacharyya • May 22, 2024 -
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Getting employees ahead of the AI learning curve: Tipalti CFO
Leaders need to ensure they’re offering opportunities for employees to experiment with AI before the technology is ready for “prime time,” CFO Sarah Spoja said.
By Grace Noto • May 21, 2024 -
Lynne Marek/CFO Dive
Deep DiveReal-time lessons for FedNow from Brazil, India
The fledgling U.S. instant payments system can learn from real-time systems that have flourished in Brazil and India using QR codes and broad missions, say industry professionals.
By Christiana Sciaudone • May 21, 2024 -
Laurence Dutton via Getty Images
Shadow IT surge threatens corporate data: report
OpenAI’s ChatGPT tool remains the most frequently used AI application in the workplace, according to the research.
By Alexei Alexis • May 21, 2024 -
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Ballooning AI budgets expected to face ROI pressure
As corporate AI expenditures grow, they will likely come under increased scrutiny in earnings calls, Gartner’s Frances Karamouzis said.
By Alexei Alexis • May 21, 2024 -
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Cerence CFO departs after two month tenure
Tempesta’s resignation marks the latest in a series of relatively short-tenured finance chiefs for Cerence as it faces a securities class action lawsuit and slumping revenues.
By Grace Noto • May 20, 2024 -
AndreyPopov via Getty Images
Want to fix the accounting talent shortage? Raise starting salaries, students say.
Mean starting salaries for accounting and related services majors in stood at $60,698 in 2022, according to the National Association of Colleges and Employers.
By Maura Webber Sadovi • May 20, 2024 -
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Grayscale CFO takes interim chief exec role as CEO exits
Edward McGee, the crypto asset manager’s finance chief, will serve as interim chief executive until Peter Mintzberg joins as its new CEO in August.
By Dan Ennis • May 20, 2024 -
metamorworks via Getty Images
CFO turnover at public companies neared three-year high in Q1
“[A]s economic uncertainty becomes the new normal for organizations, the trepidation to replace CFOs has dissipated,” Russell Reynolds Associates said.
By Alexei Alexis • May 17, 2024 -
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What’s the cost of the IT skills gap? IDC says $5.5 trillion by 2026
AI coding and workforce training capabilities could trim as much as $1 trillion from the losses by 2027, according to IDC researcher Gina Smith.
By Matt Ashare • May 17, 2024 -
Kate Tornone/CFO Dive
Employers should include workers in AI plans, DOL says
The agency outlined a list of eight “AI Principles for Developers and Employers” on Thursday, following up on a 2023 directive from the White House.
By Ryan Golden • May 16, 2024 -
Sakorn Sukkasemsakorn
Nonprofit MDA CFO attributes $5M cost reduction to streamlined operations, tech
Since rising to the CFO chair in 2018, Michael Kennedy pared down the nonprofit’s back-end from 65 systems to one platform.
By Grace Noto • May 16, 2024 -
Courtesy of Kyriba
First-time CFO looks to sharpen Kyriba’s FP&A approach
Adam Drew in March became the San Diego, California-based treasury and finance platform provider’s first permanent CFO in more than a year.
By Maura Webber Sadovi • May 16, 2024 -
U.S. Navy. (31 March 2009). "Northrop Grumman's E-2D Advanced Hawkeye aircraft" [Photograph]. Retrieved from Wikimedia Commons.
Northrop Grumman names new CFO in leadership shake-up
The transition comes on the heels of some volatility in the defense industry giant’s financial performance.
By Alexei Alexis • May 15, 2024 -
Tim Boyle via Getty Images
Companies are choosing leaner operations over price hikes: BCG
Passing on cost increases to inflation-weary consumers is challenging, but not raising prices carries its own risks.
By Suman Bhattacharyya • May 15, 2024
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