Amazon taps operations SVP for AWS CFO amid rocky cloud growth

The long-time Amazon veteran will step into the top financial seat for AWS as the e-commerce retailer looks to bolster the cloud segment’s stale revenue growth.  

By Grace Noto • Jan. 19, 2024

PwC’s Wes Bricker: Economy is top of mind as CFOs face ‘decade of disruption’

The coming year will see CFOs zero in on profitability and pricing strategies that can foster growth in a high-rate environment.  

By Grace Noto • Jan. 18, 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

Disney’s board nomination fight with ex-CFO, Nelson Peltz heats up

After being rejected by Disney as board nominees, ex-CFO Jay Rasulo and activist investor Nelson Peltz are now signaling plans to force a shareholder vote on the issue.

By Alexei Alexis • Jan. 18, 2024

JPMorgan Chase takes ‘pragmatic and disciplined’ approach to AI

The banking company is against “chasing shiny objects,” CFO Jeremy Barnum said during an earnings call.

By Lindsey Wilkinson • Jan. 18, 2024

Disney rejects ex-CFO Rasulo, Peltz as board nominees

Disney’s board resisted pressure for a shakeup, opting instead for its own slate of 12 nominees including CEO Robert Iger.

By Alexei Alexis • Jan. 17, 2024

Modern finance team makeovers: Controllers

As finance departments undergo seismic tech-driven changes, controllers are poised to play a crucial role as the CFOs’ right hand.

By Grace Noto • Jan. 17, 2024

Cigna CFO takes on expanded role as head of benefits division

Brian Evanko will serve as president and CEO of the Cigna Healthcare insurance division in addition to his position as chief financial officer.

By Emily Olsen • Jan. 17, 2024

Orthofix’s new CFO takes seat after C-suite blowup

The medical device maker has brought on new leaders after terminating three top executives in September for unspecified “offensive conduct.”

By Maura Webber Sadovi • Jan. 16, 2024

Citi poured $12B into tech last year, retired nearly 400 legacy apps

While efforts to modernize are underway, the company is operating at a loss and plans to cut 20,000 positions by 2024 as part of a broader restructuring.

By Matt Ashare • Jan. 16, 2024

AI ranked by tech CFOs as top 2024 investment priority

The technology also triggered concerns including the potential for data privacy risks and negative workforce impacts such as job displacement.

By Alexei Alexis • Jan. 16, 2024

6 AI tips for first-time adopters

Companies adopting AI for the first time must be ready to do it responsibly and in a way that can deliver real business value, writes Hero Digital’s Arun Kumar.

By Arun Kumar • Jan. 16, 2024

C-suite leaders expect AI to deliver cost savings in 2024

Executives anticipate the technology to bring increased productivity in operations, customer service and IT.

By Lindsey Wilkinson • Jan. 16, 2024

Google lays off hundreds of workers, citing organizational changes

Several divisions were impacted, including teams in central engineering, augmented reality and the Google Assistant unit.

By Roberto Torres • Jan. 12, 2024

Compensation committees face busy dockets in 2024, experts say

Incentive plan performance ranges and the use of discretion in incentive payouts are among the issues compensation panels are likely to confront. 

By Lyle Moran • Jan. 12, 2024

NY AG, Trump clash in final $370M civil fraud tug-of-war

Attorneys laid out their closing arguments in the NY AG’s $370 million civil fraud trial that has put accounting under a surprising spotlight.

By Grace Noto • Jan. 11, 2024

Daimler Truck taps Siemens executive to succeed late CFO

The German vehicle manufacturer appointed Eva Scherer about five months after the company’s previous finance chief died of complications from a wasp sting.

By Maura Webber Sadovi • Jan. 11, 2024

Apple veteran takes Sonos CFO seat

Sonos has restructured and cut jobs as it navigates a broader slump in the U.S. consumer technology sector.

By Maura Webber Sadovi • Jan. 10, 2024

Walgreens on track to save $1B this year with new executive team

Cost reductions, along with challenging market conditions, are critical roadblocks to address, executives said.

By Suman Bhattacharyya • Jan. 9, 2024

CFOs look to tech, M&A to foster growth: Deloitte

Finance chiefs are eyeing digital technologies and new potential deals as they marshal their plans for the new year, Deloitte said.  

By Grace Noto • Jan. 9, 2024

2024 tech events for CFOs

CFO Dive compiled a list of tech-related events for finance leaders, touching on topics such as digital transformation, AI and cybersecurity.

By Alexei Alexis • Jan. 9, 2024

Firms still scrambling over SEC cyber rules: poll

Grant Thornton found that many companies have taken steps to comply with the new rules, “but some still have work to do.”

By Alexei Alexis • Jan. 9, 2024

New CVS drug pricing formula won’t drive up costs, CFO says

Tying the prices it charges for medicines to those charged by pharmaceutical companies will put the healthcare giant’s pharmacy business on a more sustainable footing, executives said.

By Suman Bhattacharyya • Jan. 8, 2024

Scholastic alum takes CFO seat after Amazon stint

Haji Glover rejoins the publisher of “Harry Potter” and other best-selling children’s titles as the market has been buffeted by rising school book bans.

By Maura Webber Sadovi • Jan. 8, 2024

United Airlines aims to expand Denver facilities; skirts rumors of potential HQ move

United’s bid to establish a new flight simulator building in Denver follows a $33 million purchase of property in the city which sparked rumors of a potential shift in the airline’s base of operations.

By Grace Noto • Jan. 8, 2024

Deloitte rolls out in-house generative AI platform for coding, researching

Around 75,000 employees are beginning to use PairD to assist with daily tasks. The firm expects a total of 100,000 workers will gain access to it in the next six months.

By Lindsey Wilkinson • Jan. 8, 2024