Imminent Trump civil fraud ruling could spur due diligence reckoning

The anticipated ruling could serve as warning to executives at companies run by dominant personalities to do their own due diligence on financial matters, Hofstra's Jack Castonguay said.

By Grace Noto • Feb. 16, 2024

L’Oréal leans into AI with data in mind

“AI now transcends many of the things we do,” CEO Nicolas Hieronimus said during the beauty company’s earnings call. 

By Lindsey Wilkinson • Feb. 16, 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

IT, finance must take point on strategy in AI age: OneStream

The more AI filters into business processes, the tighter the relationship between finance and IT needs to be, OneStream’s Pam McIntyre said.  

By Grace Noto • Feb. 15, 2024

Boeing CFO expects 2H24 production resurgence, cites ‘uncertain moment’

The aerospace company is grappling with the implications of last month’s midair door plug blowout that shocked travelers and sparked an FAA audit.

By Suman Bhattacharyya • Feb. 15, 2024

Ex-Zoom finance exec lands at fraud detector Forter

Forter’s new CFO, Anthony Barsoom, is replacing Aaron Barfoot, who exited to become finance chief of a rival company.

By Alexei Alexis • Feb. 15, 2024

Krispy Kreme faces double-digit inflation in some costs: CFO

The company is grappling with soaring sugar prices as the fight to keep inflation down remains an ongoing challenge for the Federal Reserve.

By Alexei Alexis • Feb. 14, 2024

IRS sues FDIC to get $1.45B in SVB back taxes

The amount covers corporate income and employment taxes due between 2020 and 2023, but is an estimate because a review of the tax returns is ongoing, the IRS said. The FDIC has denied SVB’s entire tax claim.

By Dan Ennis • Feb. 14, 2024

Moody’s picks SAP, PwC vet for CFO

Noémie Heuland, a CPA with SaaS experience, will become the global risk assessment firm's finance chief in April.

By Maura Webber Sadovi • Feb. 13, 2024

Bank of America customer data exposed in IT provider breach

A threat actor compromised Infosys McCamish Systems in November, affecting more than 57,000 Bank of America customers.

By Rajashree Chakravarty • Feb. 13, 2024

Renamed FinQuery tackles CFOs’ SaaS pain points

The rebranding follows the acquisition of SaaS management startup Stackshine by LeaseQuery, now FinQuery, last August.

By Alexei Alexis • Feb. 13, 2024

AI dominates CFOs’ 2024 budget hike plans

The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.

By Alexei Alexis • Feb. 13, 2024

PayPal’s Rabinovitch heads to Worldpay CFO seat

Worldpay will lean on PayPal alum Gabrielle Rabinovitch’s finance chops to help it navigate life as an independent company during a rocky time for the payments space.

By Grace Noto • Feb. 12, 2024

PayPal cost-cutting likely to persist

The digital payments pioneer’s expense reductions may take years to benefit the company’s bottom line as management resets the business strategy.

By Lynne Marek • Feb. 12, 2024

Minority CPAs drop 26% after 150-hour rule: MIT

Proponents of the more onerous rule say it raises the quality of accounting services. The study’s authors found “scant evidence.”

By Maura Webber Sadovi • Feb. 9, 2024

Enerpac Tool appoints interim finance chief

The Menomonee Falls, Wisconsin-based industrial tool maker appointed its head of financial planning to the interim CFO position. 

By Grace Noto • Feb. 9, 2024

Walgreens names permanent CFO in management shakeup

The pharmacy chain’s recently-installed CEO announced executive team changes as the company looks for a fresh start after financial struggles.

By Alexei Alexis • Feb. 8, 2024

Earnings season CFO moves pile up: Prudential, H&R Block

Announcing CFO exits and entrances during earnings season can pave the way to a smooth transition — but there can be downsides.

By Maura Webber Sadovi • Feb. 7, 2024

CEO, CFO compensation clawback helps tech firm skirt SEC fine

Cloopen Group avoided civil penalties after cooperating with the agency and taking remedial steps, despite an accounting fraud scandal that triggered SEC charges.

By Alexei Alexis • Feb. 7, 2024

Profit is the ‘high value’ IPO ticket, NetSuite execs say

As the IPO market recovers, investors are putting a premium on companies that have demonstrated stable profitability.

By Grace Noto • Feb. 7, 2024

Costco taps former Kroger finance chief to serve as CFO

Gary Millerchip, a key architect of the grocer’s pending merger with Albertsons, is taking over from Richard Galanti, who is leaving the club retailer after nearly 40 years.

By Catherine Douglas Moran • Feb. 6, 2024

Clorox says it incurred $49M in costs from 2023 cyberattack

The breach caused system disruptions that led to order processing delays and “significant product outages,” negatively impacting net sales and earnings.

By Alexei Alexis • Feb. 6, 2024

The fight against cyber fraud: How to up your game in 2024

CFOs face an increasingly daunting fraud landscape — from deep-fake phone calls to AI-generated text messages, writes Trustpair CEO Baptiste Collot.

By Baptiste Collot • Feb. 6, 2024

Bass Pro, Patagonia vet takes Meati Foods CFO seat

Founded in 2017, the company said its new finance chief will oversee capital expenditures needed to drive its continued expansion.

By Maura Webber Sadovi • Feb. 5, 2024

Solo Brands appoints Vitamin Shoppe exec as new CFO

The leadership swap comes after Solo replaced its CEO and lowered its revenue guidance for 2023 following disappointing sales.   

By Grace Noto • Feb. 5, 2024

BP makes interim CFO permanent

With Kate Thomson, the London-based oil giant holds a spot in the still relatively rarefied ranks of major companies with women in the top finance seat.

By Maura Webber Sadovi • Feb. 2, 2024