Leadership: Page 19
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Minnesota CPAs eye 2025 after 120-hour bill stalls
The bill would have allowed Minnesota CPAs to obtain a license with just 120 college credit hours — rather than the 150 hours now required.
By Maura Webber Sadovi • July 30, 2024 -
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BlackBerry promotes cyber finance chief to company CFO
The CFO shift comes as BlackBerry seeks $150 million in cost saving and proceeds with a separation plan for its IoT and cybersecurity divisions.
By Grace Noto • July 30, 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 -
Courtesy of Joann
Joann CFO out amid leadership revamp
The crafts retailer, fresh out of bankruptcy, has brought on new executives in tech, operations and merchandising.
By Daphne Howland • July 30, 2024 -
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Startup focused on easing digital B2B payment pain points raises $9M
The move comes as digital payments among businesses are expected to surge in coming years, creating a complex new world with potential challenges for vendors.
By Alexei Alexis • July 30, 2024 -
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How the GenAI boom is impacting M&A deals
About eight in 10 dealmakers responding to a KPMG poll said that GenAI has had some effect on their M&A strategy.
By Alexei Alexis • July 30, 2024 -
Dan Kitwood via Getty Images
Trump pledges to fire Gensler, support crypto
The Republican presidential nominee told Bitcoin 2024 attendees that, if elected, he will hire advisers who “want to see your industry thrive, not dive.”
By Gabrielle Saulsbery • July 29, 2024 -
Andrew Harnik via Getty Images
Election turmoil ratchets up CFOs’ geopolitical risks
Finance leaders’ agility is facing a fresh test as they consider potential impacts of the recent shakeup in the U.S. presidential election.
By Maura Webber Sadovi , Grace Noto • July 29, 2024 -
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Detroit nonprofit sues ex-CFO over alleged $40M embezzlement
The former finance chief breached his fiduciary duty and caused “enormous financial devastation,” according to the complaint.
By Alexei Alexis • July 25, 2024 -
Jacob Wackerhausen via Getty Images
Flex appoints 20-year company alum as interim CFO
Longtime company alum Jaime Martinez will step in as interim CFO as Flex looks to execute on a restructuring plan aimed at improving its operational efficiency.
By Grace Noto • July 25, 2024 -
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Estée Lauder controller lands CFO seat amid restructuring
Akhil Shrivastava, a nine-year company veteran, understands “the levers the company can pull to revive growth,” Morningstar analyst Dan Su writes.
By Maura Webber Sadovi • July 24, 2024 -
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Alphabet investors get mixed news from departing CFO Ruth Porat
The tech giant’s shares sank after Porat’s mixed comments about the company’s operating margin outlook.
By Alexei Alexis • July 24, 2024 -
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KKR-backed OneStream sees $4.6B valuation following $490M IPO
The company will continue to invest in machine learning, AI and new products such as demand forecasting tools following its $490 million IPO, CFO Bill Koefoed said.
By Grace Noto • July 24, 2024 -
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Spotify profit jumps amid ‘early days’ of price increases
Interim CFO Ben Kung said the music streamer is “encouraged” by the initial consumer reaction to the company's recent price hikes.
By Maura Webber Sadovi • July 23, 2024 -
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CFOs face ‘threefold challenge’ with GenAI spending, Pairsoft CEO says
As finance chiefs look to upgrade legacy finance functions, GenAI is emerging as a promising technology — but first, CFOs need to identify a clear use case.
By Grace Noto • July 23, 2024 -
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Judge deals major blow to SEC’s cybersecurity enforcement stance
“The decision substantially limits the SEC’s authority to challenge a company’s cybersecurity program,” attorney Mark Schonfeld said.
By Alexei Alexis • July 23, 2024 -
Andrew Brookes
Many CFOs still in early phase of digital transformation: McKinsey
Finance teams are grappling with roadblocks such as already-demanding workloads, a lack of relevant capabilities and insufficient resources.
By Alexei Alexis • July 23, 2024 -
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Firms favored reorganizations over liquidations in H1: S&P
The jump in companies choosing Chapter 11 could signal rising corporate optimism about reorganization prospects that is partly driven by anticipated rate cuts.
By Maura Webber Sadovi • July 22, 2024 -
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PulteGroup promotes insider to fill retiring CFO’s seat
Jim Ossowski will take the home builder’s finance reins in 2025 as Pulte looks to build on its record first-quarter home sale revenues.
By Grace Noto • July 22, 2024 -
Matt Kapko/CFO Dive
Visa, Mastercard say CrowdStrike didn’t impact networks
Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.
By Lynne Marek • July 22, 2024 -
gorodenkoff via Getty Images
Legacy tech upgrades cost the average business nearly $3M last year
Maintenance costs, impacts on the data stack and AI ambitions are pushing companies to modernize, a SnapLogic survey found.
By Lindsey Wilkinson • July 19, 2024 -
Anthony Kwan / Stringer via Getty Images
CrowdStrike software update at the root of a massive global IT outage
A defective software update led to major disruptions in aviation, banking and other industries as Microsoft 365 services were impacted worldwide.
By David Jones • July 19, 2024 -
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Incoming QXO CFO’s comp package includes $3M signing bonus
M&A “heavy hitter” Ihsan Essaid could rake in a $1.6 million base salary should the product distribution company hit future annualized revenue run rate goals, according to a company filing.
By Grace Noto • July 18, 2024 -
Anna Moneymaker via Getty Images
CFPB to apply lending laws to EWA
The federal agency weighed in Thursday with a proposed rule to oversee the burgeoning earned wage access industry.
By Lynne Marek • July 18, 2024 -
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High interest rates dampen hopes for robust M&A recovery
While M&A activity is gaining momentum, dealmakers continue to face a mixed macroeconomic environment, Boston Consulting Group analysts said.
By Alexei Alexis • July 17, 2024 -
Courtesy HSBC
HSBC names CFO Elhedery as its next CEO
The Lebanon-born banker was seen as an early front-runner to succeed Noel Quinn. Elhedery took a sabbatical in 2022, reportedly learning Mandarin, and was named CFO when he returned.
By Dan Ennis • July 17, 2024
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