Leadership: Page 24
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Grayscale CFO takes interim chief exec role as CEO exits
Edward McGee, the crypto asset manager’s finance chief, will serve as interim chief executive until Peter Mintzberg joins as its new CEO in August.
By Dan Ennis • May 20, 2024 -
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CFO turnover at public companies neared three-year high in Q1
“[A]s economic uncertainty becomes the new normal for organizations, the trepidation to replace CFOs has dissipated,” Russell Reynolds Associates said.
By Alexei Alexis • May 17, 2024 -
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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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What’s the cost of the IT skills gap? IDC says $5.5 trillion by 2026
AI coding and workforce training capabilities could trim as much as $1 trillion from the losses by 2027, according to IDC researcher Gina Smith.
By Matt Ashare • May 17, 2024 -
Kate Tornone/CFO Dive
Employers should include workers in AI plans, DOL says
The agency outlined a list of eight “AI Principles for Developers and Employers” on Thursday, following up on a 2023 directive from the White House.
By Ryan Golden • May 16, 2024 -
Sakorn Sukkasemsakorn
Nonprofit MDA CFO attributes $5M cost reduction to streamlined operations, tech
Since rising to the CFO chair in 2018, Michael Kennedy pared down the nonprofit’s back-end from 65 systems to one platform.
By Grace Noto • May 16, 2024 -
Courtesy of Kyriba
First-time CFO looks to sharpen Kyriba’s FP&A approach
Adam Drew in March became the San Diego, California-based treasury and finance platform provider’s first permanent CFO in more than a year.
By Maura Webber Sadovi • May 16, 2024 -
U.S. Navy. (31 March 2009). "Northrop Grumman's E-2D Advanced Hawkeye aircraft" [Photograph]. Retrieved from Wikimedia Commons.
Northrop Grumman names new CFO in leadership shake-up
The transition comes on the heels of some volatility in the defense industry giant’s financial performance.
By Alexei Alexis • May 15, 2024 -
Tim Boyle via Getty Images
Companies are choosing leaner operations over price hikes: BCG
Passing on cost increases to inflation-weary consumers is challenging, but not raising prices carries its own risks.
By Suman Bhattacharyya • May 15, 2024 -
hapabapa via Getty Images
Brex CFO mulls long-term IPO scenario but keeps eye on costs, ROI
The prevailing attitude among companies seeking to go public is to achieve profitability beforehand, Ben Gammell said.
By Grace Noto • May 14, 2024 -
Eoneren via Getty Images
Cybersecurity ops budgets expected to climb: KPMG
The average annual budget for SOCs — a one-stop shop for managing cyber threats — is $14.6 million, according to a KPMG survey of large firms.
By Maura Webber Sadovi • May 14, 2024 -
Laurence Dutton via Getty Images
OpinionThe problem that made ‘zero-based budgeting’ unachievable just got solved
Accounting for every dollar was largely just an elusive aspiration in finance circles — until artificial intelligence arrived, writes Globality’s Seth Catalli.
By Seth Catalli • May 14, 2024 -
Kevin Dietsch/Getty Images via Getty Images
How CFOs can keep shipping costs under control: Contracts, fees, timing
Finance chiefs need to find “consultative” partners that will work to eliminate waste and drive down transport costs, experts say.
By Chris Gaetano • May 13, 2024 -
David Ramos via Getty Images
Congress wants to question Microsoft exec over security defects
A House panel wants to question Brad Smith, Microsoft’s president and vice chair, over the company’s security shortcomings and how it plans to strengthen security measures.
By Matt Kapko • May 13, 2024 -
Spencer Platt via Getty Images
Ford CFO tapped as vice chair; Lucid Motors exec set to succeed
Ex-Lucid Motors CFO Sherry House will receive a $1.2 million cash sign-on bonus as Ford's VP of finance.
By Grace Noto • May 10, 2024 -
Courtesy of Instacart
Instacart taps VP of finance, former Uber exec for CFO seat
The new CFO said the company remains “relentlessly” focused on investing in new technologies and cultivating its partnership with Uber.
By Alexei Alexis • May 9, 2024 -
Courtesy of Nerdwallet
Nerdwallet CFO champions user growth in face of credit, lending headwinds
The former eBay and StubHub executive is keeping her eye on uncertainty in the banking sector and other headwinds following a mixed quarter.
By Grace Noto • May 9, 2024 -
Max Kegfire via Getty Images
More companies are tying ESG metrics to executive compensation: WTW
Despite political blowback in the U.S., companies are increasingly incorporating ESG metrics into performance measures and incentive plans, according to the insurance services provider.
By Suman Bhattacharyya • May 9, 2024 -
Permission granted by Panax
AI-driven cash flow management startup gets $15M boost
Panax is among companies that say they’re seeing high demand for finance automation tools as businesses try to navigate an uncertain economic environment.
By Alexei Alexis • May 8, 2024 -
Hispanolistic via Getty Images
Vroom swaps in new CFO after shuttering online car sales
The leadership change comes after Vroom announced in January that it was discontinuing its online used vehicle sales platform in order to preserve liquidity.
By Maura Webber Sadovi • May 8, 2024 -
Mario Tama via Getty Images
UPS CFO set to depart, citing health
The parcel delivery service’s CFO will be stepping down to focus on his personal health as UPS struggles to boost sagging shipping volumes.
By Grace Noto • May 7, 2024 -
dem10 via Getty Images
Fraud detector Traceable zeroes in on GenAI threats
The startup is rolling out new AI-related threat detection capabilities on the heels of securing $30 million in funding from investors, including Citi Ventures.
By Alexei Alexis • May 7, 2024 -
Brian Ach via Getty Images
Coca-Cola exec to take Diageo CFO seat
Diageo is tapping Coca-Cola alum Nik Jhangiani for its CFO as the Guinness maker battles slumping sales in the face of changing consumer tastes and spending trends.
By Grace Noto • May 6, 2024 -
Jeenah Moon via Getty Images
Microsoft says cybersecurity overhaul will impact top execs’ pay
The development follows harsh criticism by a Department of Homeland Security panel of the company’s response to a 2023 breach.
By Alexei Alexis • May 6, 2024 -
"U.S. Securities and Exchange Commission headquarters" by AgnosticPreachersKid is licensed under CC BY 3.0
SEC hits Trump Media auditor with $12M fine
BF Borgers, an auditor of public company financial statements, has committed massive fraud impacting more than 1,500 SEC filings, the agency said.
By Alexei Alexis • May 3, 2024 -
Pierre Crom via Getty Images
Businesses need ‘eye in the sky’ scanning for geopolitical risks: McKinsey
Building a coordinated scanning and oversight capability can help organizations separate signal from noise, says Ziad Haider, a partner and global director at McKinsey.
By Suman Bhattacharyya • May 3, 2024
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