Leadership: Page 15
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Photo provided by Saia.
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 -
Courtesy of Cannabis plants
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 -
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 -
Courtesy of U.S. Bank
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 -
Courtesy of Chemours
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 -
Permission granted by Customers Bank
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 -
Michael Loccisano/FilmMagic via Getty Images
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 -
kentoh via Getty Images
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 -
Hollie Adams via Getty Images
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 -
Leon Neal via Getty Images
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 -
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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 -
Retrieved from Kona Bicycles.
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 -
Courtesy of ADM
ADM’s suspended CFO to resign amid accounting scandal
Vikram Luthar — who was placed on a forced leave in January — will assist the company and be paid his base salary until his resignation is effective on Sept. 30.
By Maura Webber Sadovi • April 23, 2024 -
"U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
High Court ruling eases blow of SEC’s new cyber rules: analysts
The court’s decision in Macquarie Infrastructure Corp. v. Moab Partners makes it harder for plaintiffs to bring claims based on omissions in SEC filings.
By Alexei Alexis • April 23, 2024 -
Courtesy of Mobico Group
Mobico CFO steps down following delayed financial results
The public transport company appointed an interim CFO after reporting a 36% drop in profit, impacted by inflationary pressures and labor shortages in key markets.
By Grace Noto • April 22, 2024 -
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Controllers hunt for workarounds to ‘continuous’ reporting, accountant shortage
As leaders of their firms’ accounting operations, many controllers are outsourcing work and using AI to speed accounts payable and receivable tasks.
By Chris Gaetano • April 19, 2024 -
SweetBunFactory via Getty Images
Jabil CFO steps up as CEO is placed on paid leave
The manufacturer’s CFO is stepping into the interim CEO seat after Jabil struggled with “revenue headwinds” amid an ongoing restructuring and cost realignment plan.
By Grace Noto • April 19, 2024 -
Bo Shen via Getty Images
CEOs, CFOs can’t get non-prosecution agreement under DOJ pilot
Criteria released by the Department of Justice April 15 lets corporate executives know if they stand a good chance of avoiding charges for coming forward with misconduct allegations.
By Robert Freedman • April 19, 2024 -
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Accounts receivable automator Versapay taps new CFO
Ed Neumann is joining the AR platform provider as it looks to grow by targeting companies seeking to digitize their older manual systems.
By Maura Webber Sadovi • April 18, 2024 -
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NSA sounds alarm on AI’s cybersecurity risks
Malicious actors on the hunt for sensitive data or intellectual property may be attracted to attack vectors unique to artificial intelligence, the NSA warned.
By Alexei Alexis • April 18, 2024 -
sodafish via Getty Images
Cyber insurance gaps stick firms with millions in uncovered losses
An analysis of 101 breaches across various sectors revealed insurance gaps resulting in an average of $27.3 million in uncovered losses per incident.
By Alexei Alexis • April 17, 2024 -
Courtesy of Orthofix
Orthofix replaces fired CLO, grapples with internal control ‘material weakness’
The new chief legal officer is joining the company as it faces a fresh set of headwinds related to its internal control over financial reports.
By Maura Webber Sadovi • April 17, 2024 -
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CFOs worry over rising operations cost: Grant Thornton
Finance chiefs are banking on GenAI to offset cost pressures in the face of persistent inflation, with 71% of CFOs still expecting a jump in net profit.
By Grace Noto • April 17, 2024 -
Justin Sullivan / Staff via Getty Images
Microsoft raises business application suite prices as Copilot permeates Dynamics 365
The tech giant updated terms on its CRM and ERP solutions for the first time in more than five years.
By Matt Ashare • April 16, 2024 -
Chip Somodevilla via Getty Images
70% of CEOs feel ready to deliver on responsible GenAI
The intense focus on safe and ethical GenAI use comes as the technology’s rapid rise is prompting scrutiny from governments around the world.
By Alexei Alexis • April 16, 2024 -
Leon Neal / Staff via Getty Images
ChatGPT grabs the shadow IT crown: report
Generative AI tools emerged as the latest villain in the enterprise battle to curb SaaS bloat and rationalize software portfolios, Productiv analysis found.
By Matt Ashare • April 16, 2024
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