Startup looking to disrupt ERP market with AI raises $9.2M

New York-based Nominal said its funding round included participation from executives at Salesforce, ServiceNow and Intel.

By Alexei Alexis • March 28, 2024

FTX founder Sam Bankman-Fried gets 25 years in prison

The sentence was handed down Thursday, nearly five months after crypto’s former golden boy was found guilty on seven counts of fraud and conspiracy.

By Gabrielle Saulsbery • March 28, 2024

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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

GameStop’s interim CFO gets permanent seat

The appointment comes after significant churn in the position and as the company looks to turn around slumping sales.

By Alexei Alexis • March 27, 2024

Mock earnings helped prep for IPO, Cava CFO says

The restaurant chain’s blockbuster 2023 initial public offering was seen by some as a promising sign for the lackluster IPO market.

By Grace Noto • March 27, 2024

Ford CFO: Bridge collapse will likely ‘lengthen’ supply chain

The automaker will have to divert parts to other ports along the East Coast or elsewhere in the U.S., Ford’s finance chief said Tuesday.

By Maura Webber Sadovi • March 27, 2024

Interim ADM CFO gets $35K monthly pay boost

Embattled Archer Daniels Midland also gave interim finance chief Ismael Roig restricted stock valued at $1 million that will fully vest in March of next year.

By Maura Webber Sadovi • March 26, 2024

Open Lending taps CFO for interim CEO, COO

Open Lending is leaning on its CFO of four years to position it for growth as it prepares for the “inevitable” recovery of the auto lending industry.   

By Grace Noto • March 26, 2024

Business execs gear up for ‘next phase’ of GenAI

Firms that have tested GenAI in pilots are now aiming for larger-scale investments while proceeding with caution, according to KPMG.

By Alexei Alexis • March 26, 2024

Zoom launches AI collaboration hub, brings automation to the fore

Zoom One bundles will rebrand to Zoom Workplace bundles for new and existing customers following a public release in April and May.

By Lindsey Wilkinson • March 26, 2024

AI scales up fraud controls, but humans still vital

AI analytics technology is turbocharging anti-fraud measures through its ability to process oceans of financial data.

By Chris Gaetano • March 26, 2024

Fintech Wise swipes Delivery Hero alum for finance chief

Emmanuel Thomassin will depart for the London-based money transfer provider after a decade in Delivery Hero’s top financial seat.

By Grace Noto • March 25, 2024

How CFOs can tap procurement as a strategic enabler: SpendHQ

As finance chiefs search for ways to improve efficiency, teaming up with procurement may prove to be the key, SpendHQ CEO Scott Macfee says.

By Grace Noto • March 22, 2024

Marqeta CFO touts EWA expansion

The card-issuing fintech has seen adoption of its debit card-linked EWA product increase as hourly workers at Walmart and Uber have been added, CFO Mike Milotich said.

By James Pothen • March 21, 2024

Boeing to spend $4B plus to fix safety, supply chain woes: CFO

The aerospace company’s finance chief on Wednesday detailed some of the financial implications of the safety issues that have have recently plagued the company.

By Suman Bhattacharyya • March 20, 2024

Ex-Zillow, Amazon alum takes Varo CFO seat

The fintech will tap the Zillow and GE veteran’s financial acumen as it looks to return its path to profitability following a rocky 2023.

By Grace Noto • March 20, 2024

Cube taps Workday alum to drive tech, finance synergy with new $20M funding

Workday alum Suresh Bala will keep his eye on the goals of the CFO as he taps the new funding to elevate Cube’s FP&A offerings, he said.

By Grace Noto • March 19, 2024

Pitney Bowes CFO exit brings more C-suite churn

Finance chief Ana Maria Chadwick is leaving Pitney Bowes roughly five months after then CEO Marc Lautenbach stepped down. 

By Maura Webber Sadovi • March 19, 2024

Tech Q1 job cuts surge above 50K

The latest figures show that layoff activity in the tech sector may be far from over despite a huge drop after the first quarter of last year.

By Alexei Alexis • March 19, 2024

CFOs play it safe on AI spending

Close to two-thirds (62%) of CFOs responding to a Deloitte poll anticipated an allocation of less than 1% of their organization’s budget for GenAI next year.

By Alexei Alexis • March 19, 2024

Private firms, not-for-profits reckon with CECL

Many not-for-profits and private companies are just beginning to grapple with the new rules for current expected credit loss accounting.

By Maura Webber Sadovi • March 18, 2024

Joann files for bankruptcy; secures $132M in new financing

The craft retailer’s long-anticipated bankruptcy follows a $400k cash retention bonus paid out to its CFO.

By Grace Noto • March 18, 2024

Joann approves $400K CFO retention bonus amid bankruptcy speculation

The struggling craft supplies retailer approved the bonus as it continues its hunt for a permanent CEO while facing liquidity and inventory challenges.

By Grace Noto • March 15, 2024

Ex-Trulieve CFO sued over alleged scheme to ‘raid’ corporate coffers

The former CFO is accused of misappropriating hundreds of thousands of dollars for personal expenses, all under the pretense of business-related costs.

By Alexei Alexis • March 14, 2024

Rockefeller Foundation’s new CFO: Climate crisis is a ‘big motivator’

Keith Olson took the finance reins of the 111-year-old philanthropic powerhouse earlier this month. He is an alum of the Bill & Melinda Gates Foundation.

By Maura Webber Sadovi • March 14, 2024

Popeyes parent names new CFO in leadership shakeup

The company named Sami Siddiqui as its CFO while Jeff Klein will fill Siddiqui’s previous role as president of Popeyes U.S. 

By Julie Littman • March 14, 2024