Leadership: Page 18
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Walmart used AI to crunch 850M product data points and improve CX
“We're finding tangible ways to leverage generative AI to improve the customer, member and associate experience,” Walmart CEO Doug McMillon said.
By Bryan Wassel • Aug. 15, 2024 -
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Cisco plans to cut 7% of workforce amid AI push
The tech giant is “shifting hundreds of millions of dollars” into artificial intelligence and other growth areas of its business, CEO Chuck Robbins said.
By Alexei Alexis • Aug. 15, 2024 -
Explore the Trendline➔
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TrendlineDigital transformation, one smart step at a time
As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.
By CFO Dive staff -
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Skanska hires new CFO
Jonas Rickberg is currently CFO at Swedish truck maker Scania Group.
By Zachary Phillips • Aug. 15, 2024 -
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Women rise to five-year high in CFO appointments
Accenture, Ford and Google parent Alphabet are among companies that have appointed women to top finance posts this year.
By Alexei Alexis • Aug. 14, 2024 -
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Chipotle CFO postpones retirement; stays on in president role
Jack Hartung will stay on to help advise Chipotle’s leadership following Brian Niccol’s planned jump to Starbucks.
By Grace Noto • Aug. 14, 2024 -
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Starbucks taps CFO for interim CEO in midst of leadership shift
Starbucks alum Rachel Ruggeri will step in as interim CEO as the coffee chain continues to fight labor activists and political protesters, leading to slumping sales.
By Grace Noto • Aug. 13, 2024 -
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M&A, vendor reliance help drive up ransomware threat: report
The financial severity of claims related to ransomware attacks increased more than 400% from 2022 to 2023, the study found.
By Alexei Alexis • Aug. 13, 2024 -
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OpinionBolstering the CFO-CRO relationship to ensure AI investment returns
The CFO and CRO can serve as a crucial duo as organizations face pressure to launch revenue-generating AI projects, writes MinIO CFO Mark Khavkin.
By Mark Khavkin • Aug. 13, 2024 -
"U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
SEC slaps $3.5M fine on former Ideanomics CEO for alleged fraud
Since its inception in 2004, Ideanomics has switched its business model at least three times, from video on demand to petroleum trading products to electronic vehicle services.
By Jim Tyson • Aug. 12, 2024 -
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Fractional experts, AI can ease pressures on ‘overextended’ finance teams
CFOs need to bring flexibility to overburdened finance teams to navigate economic headwinds, Paro’s Michael Burdick said.
By Grace Noto • Aug. 12, 2024 -
"Royal Bank of Canada's global headquarters at 200 Bay Street in Toronto, Canada" by Francisco Diez is licensed under CC BY 2.0
RBC ex-CFO sues bank for $35.6M
Nadine Ahn and Ken Mason, another fired RBC exec, didn't have an affair, each said in court filings, contrary to a “clear insinuation” from the bank. Further, Ahn said she missed out on a path to CEO.
By Dan Ennis • Aug. 12, 2024 -
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Disney anticipates ‘flattish’ theme park revenues in Q4: CFO
Lower income consumers are “feeling a little bit of stress," while high income individuals are "traveling internationally a bit more,” CFO Hugh Johnston said.
By Alexei Alexis • Aug. 8, 2024 -
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CFOs must act as data, decision-making center: Pigment
CFOs need access to a wide range of data to ensure they can react speedily to market challenges, Pigment CEO Eleonore Crespo says.
By Grace Noto • Aug. 8, 2024 -
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AI prep is top challenge for companies drowning in ‘unstructured data’
The AI boom is forcing companies to consider data management upgrades, as some face budget constraints.
By Alexei Alexis • Aug. 7, 2024 -
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ZoomInfo shares plummet after weak quarter, CFO departure
ZoomInfo’s VP of FP&A will step in as interim CFO as the company turns to AI to bolster its financials after offering weak guidance.
By Grace Noto • Aug. 6, 2024 -
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Most big-company clawback policies go beyond SEC rules
Companies tend to want more executives to give back more types of compensation for more types of problems than what the government requires of them, an analysis finds.
By Robert Freedman • Aug. 6, 2024 -
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Warehouse robot momentum faces cost, ROI challenges
Companies that invest in the pricey technology may need to wait two to three years on average to see a return on investment, market analyst Ash Sharma said.
By Alexei Alexis • Aug. 6, 2024 -
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KPMG aims to bolster tech consulting position in Rhino.AI deal
The combination will help companies modernize their legacy IT systems with “faster time to value” and lower costs, according to Rhino.AI.
By Alexei Alexis • Aug. 6, 2024 -
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Tyson surprise chicken profit leads to ‘positive turnaround’
The meat processor’s focus remains on maintaining its financial strength after seeing a surprise $244 million profit for its chicken segment, interim CFO Curt Calaway said.
By Grace Noto • Aug. 5, 2024 -
Matt Kapko/CFO Dive
Insured loss impact could reach $1B following CrowdStrike outage
Guy Carpenter said it could be worse: Had the incident involved a ransomware attack, losses could have reached $2 billion.
By David Jones • Aug. 5, 2024 -
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Big tech banks on AI boom as infrastructure spending heads for trillion-dollar mark
“While we're investing a significant amount in the AI space and in infrastructure, we would like to have more capacity than we already have today,” Amazon CEO Andy Jassy said.
By Matt Ashare • Aug. 5, 2024 -
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6 out of 10 firms expect to hold finance staffing steady, study finds
While the majority of firms say they expect to hold staffing levels steady, competition for qualified professionals — especially controllers — is fierce, according to a recent Controllers Council survey.
By Chris Gaetano • Aug. 2, 2024 -
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Ex-Pizza Hut exec to take finance helm of Driven Brands
The transition comes as the automotive services leader is focused on accelerating growth while also generating cash flow.
By Alexei Alexis • Aug. 1, 2024 -
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Life Time Group interim CFO moves to permanent seat
The leadership announcement comes as Life Time reached a key “inflection point,” reporting $175.1 million in free cash flow for its most recent quarter.
By Grace Noto • Aug. 1, 2024 -
Justin Sullivan / Staff via Getty Images
Microsoft, Alphabet disappoint investors in latest earnings season
Wall Street is closely watching big tech companies to see if their heavy investments in artificial intelligence are paying off.
By Alexei Alexis • July 31, 2024
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