The CFO’s role in curbing third-party cybersecurity risk

With vendor-related cyber risks spiking rapidly, the stakes are too high for CFOs to treat the issue as merely an IT concern, writes cybersecurity consultant AJ Yawn. 

By AJ Yawn • April 16, 2024

Customers Bancorp boots CFO for ‘cause’

Carla Leibold was terminated Wednesday over a violation of company policy, a characterization she reportedly disputes. Philip Watkins was promoted to take her place, the company said.

By Rajashree Chakravarty • April 15, 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

NYCB hires new CFO, general counsel

The beleaguered Long Island-based lender brought aboard four executives Friday whose careers had crossed paths with that of newly minted CEO Joseph Otting.

By Dan Ennis • April 15, 2024

Scribd promotes CFO to CEO following expansion push

Scribd is tapping its former CFO for the role after moving to streamline its offerings, including breaking its document and book content into two distinct platforms.

By Grace Noto • April 12, 2024

Tech vendor Docyt adds voice feature to AI-driven accounting tool

Docyt is among the software vendors racing to capitalize on recent advancements in AI. Many of them are zeroing in on the corporate finance market.

By Alexei Alexis • April 11, 2024

Suspended ADM CFO’s pay ticked up in 2023 to $4.5M

The majority of Vikram Luthar’s pay package for last year came from $3.4 million in stock awards, according to Archer Daniels Midland’s proxy filing.

By Maura Webber Sadovi • April 11, 2024

PCAOB levies record $25M fine on KPMG Netherlands for exam cheating

The $25 million penalty is the largest fine of any type imposed by the auditor watchdog since it was created in 2002 following the Enron accounting scandal. 

By Maura Webber Sadovi • April 10, 2024

KFC names new CFO amid push to boost sales

The finance leadership change comes as KFC struggles with dwindling traffic in a dicey economic environment.

By Alexei Alexis • April 10, 2024

Interim CFO requests skyrocket 46%: BTG

Companies are turning to interim financial leadership more frequently as they struggle to fill widening gaps in their accounting and finance functions.  

By Grace Noto • April 9, 2024

Nation-state actors drive up cyberthreats

Microsoft and Hewlett Packard Enterprise are among companies that have recently reported high-profile cyber intrusions attributed to nation-state actors.

By Alexei Alexis • April 9, 2024

Capital One’s Discover bid tops biggest Q1 tech-related deals

The proposed Capital One-Discover merger made the list because of fintech issues that are at stake in the $35.3 billion deal.

By Alexei Alexis • April 9, 2024

As Zillow alum takes the financial helm, Varo Bank sets sights on profitability

Varo’s Allen Parker is focused on “ensuring finance can play a role in how we prioritize our investments” which will be critical to achieving profitability, he said.

By Grace Noto • April 8, 2024

RBC fires CFO, treasury exec over undisclosed relationship

Nadine Ahn had been seen as a potential future CEO candidate, sources told The Globe and Mail. RBC named Katherine Gibson its interim CFO while it searches for a successor.

By Dan Ennis • April 8, 2024

Spotify names new CFO amid profitability push

The move follows efforts by the music streaming giant to turn the page on a history of financial struggles, including by raising prices and cutting staff.

By Alexei Alexis • April 4, 2024

Intel appoints new CFO to troubled chipmaking unit

The appointment follows a $7 billion operating loss for Intel’s foundry unit as AI’s potential pushes up both interest and pricing in the semiconductor space.

By Grace Noto • April 3, 2024

Global M&A rises above ongoing headwinds

The findings show “some light at the end of the tunnel” after a challenging year for M&A globally in 2023, according to Willis Towers Watson’s David Dean.

By Alexei Alexis • April 3, 2024

5 tips from CFOs on how to win the CFO seat: McKinsey

Executives aiming to rise to the CFO seat have faced a bright landscape in recent years, with turnover unusually high.

By Jim Tyson • April 2, 2024

Allstate alum joins Farmers Insurance as CFO

Farmers is one of many insurers who stepped back from providing services to certain states in the face of increasing environmental risks in 2023.

By Grace Noto • April 2, 2024

Jacobs CFO steps down after 8 months on the job

The Dallas-based company brought back former CFO Kevin Berryman on an interim basis, as Claudia Jaramillo leaves to pursue other opportunities.

By Sebastian Obando • April 2, 2024

AT&T hit with proposed class action suit over massive data breach

The breach was a “direct result” of AT&T’s failure to implement adequate cybersecurity procedures, the suit alleges.

By Alexei Alexis • April 2, 2024

Fixing the broken state of SaaS purchasing

A “growth-at-all-costs” mentality has led some SaaS companies to overpromise results and obscure pricing details, writes Olive Technologies CEO Chris Heard.

By Chris Heard • April 2, 2024

Old National puts CFO on leave after child molestation charges

The Evansville, Indiana-based bank named its chief strategy officer as interim CFO on Monday after Brendon Falconer was arrested last week.

By Dan Ennis • April 2, 2024

Microsoft decouples Teams from 365 globally

The move comes eight months after the software giant unbundled the two solutions in the European Economic Area and Switzerland to quell regulatory concerns.

By Matt Ashare • April 1, 2024

Ex-construction CFO pleads guilty to wire fraud stemming from $890K embezzlement scheme

The former CFO is required to pay restitution of $890,000 in addition to other penalties and may also face time in prison.

By Grace Noto • April 1, 2024

UnitedHealth, Hilton Grand Vacations elevate CFOs to dual president roles

Taking on new sales or marketing responsibilities through the addition of such roles offers critical learning opportunities for CFOs aspiring to the CEO chair, Cowen Partners’ Shawn Cole says.

By Grace Noto • March 29, 2024