Leadership: Page 25
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Joe Raedle via Getty Images
Peloton cuts jobs, searches for new CEO amid financial turmoil
“We made some very tough decisions, and while we firmly believe these actions are the right thing to do for the business, cuts like this are painful,” CFO Liz Coddington said.
By Alexei Alexis • May 2, 2024 -
RealPeopleGroup via Getty Images
Driven Brands CFO resigns after one year on job
The automotive services company’s shares slumped Thursday after it released earnings and announced its finance chief is leaving the company.
By Maura Webber Sadovi • May 2, 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 -
Michael M. Santiago via Getty Images
Marriott gears up for another year of major tech spending
The company expects full-year investments to reach $1 billion as digital transformation projects advance, according to its latest earnings call.
By Lindsey Wilkinson • May 2, 2024 -
Courtesy of AWS
Amazon clinching bigger, longer cloud deals after AI boost: CFO
Amazon is the latest tech giant whose hefty AI spending has been rewarded by Wall Street in the current earnings season. Meta has been an exception.
By Alexei Alexis • May 1, 2024 -
ktasimarr via Getty Images
Deep DiveModern finance team makeovers: Chief accounting officers
CFOs and CAOs have developed a “symbiotic relationship” as the finance function morphs into a driver of business strategy.
By Grace Noto • April 30, 2024 -
Matt Burkhartt via Getty Images
Cornell University CFO meets with students, protesters
As protests swept across U.S. college campuses last week, the Ivy League university's finance chief stepped into the fray.
By Maura Webber Sadovi • April 30, 2024 -
Courtesy of Consortium of Cybersecurity Clinics
Escalating cyber talent shortage drives up risks: report
Cybersecurity threat actors' innovative methods are driving up demand for professionals with diverse and specialized skill sets, the World Economic Forum said.
By Alexei Alexis • April 30, 2024 -
Kelly Sullivan via Getty Images
Meta falls in AI reckoning as Microsoft, Google soar
Investors rewarded AI spending strategies at Microsoft and Google but rebuffed Meta, whose stock plummeted.
By Alexei Alexis • April 30, 2024 -
Photo provided by Saia.
Trucking firm Saia CFO announces retirement
Douglas Col will stay on through the end of the year to ensure a smooth transition for his successor.
By Colin Campbell • April 29, 2024 -
Courtesy of Cannabis plants
Cannabis firm MedMen files for bankruptcy
MedMen is liquidating its California assets following a failure to clamp down on excessive debt, with its seventh CFO in a five year period exiting ahead of its bankruptcy.
By Grace Noto • April 29, 2024 -
Courtesy of U.S. Bank
Rising geopolitical worries, war drive CFO hedging, US Bank says
The threat of geopolitical tensions is a growing worry for finance leaders while concerns about inflation have eased, a U.S. Bank study found.
By Maura Webber Sadovi • April 26, 2024 -
Courtesy of Chemours
Chemours CFO resigns following accounting investigation
Jonathan Lock’s resignation comes after an internal audit determined he had engaged in unethical financial practices.
By Grace Noto • April 26, 2024 -
Permission granted by Customers Bank
Customers Bancorp reframes ex-CFO’s dismissal
Carla Leibold's departure was by "mutual agreement," not "cause," the bank holding company said in an amended filing. Leibold will receive $2.5 million but will forfeit her equity awards.
By Dan Ennis • April 26, 2024 -
Michael Loccisano/FilmMagic via Getty Images
Former Chuck E. Cheese exec takes Dave & Buster’s CFO seat
The change comes as Dave & Buster's looks to drive growth through a dining experience overhaul, among other initiatives.
By Alexei Alexis • April 25, 2024 -
kentoh via Getty Images
More M&A players hold back stay-bonus ‘dry powder,’ WTW says
Despite a recent uptick in mergers and acquisitions, some buyers are nonetheless growing more guarded about tapping their retention bonus budgets.
By Maura Webber Sadovi • April 24, 2024 -
Hollie Adams via Getty Images
Heathrow CFO transitions to COO role
Javier Echave is exiting the CFO role on a high note, after a record 18.5 million passengers traveled through the airport during the first quarter.
By Alexei Alexis • April 24, 2024 -
Leon Neal via Getty Images
Tesla CFO eyes pullback in EV market amid slumping sales, restructuring
Tesla is leaning on AI, layoffs and new autonomous projects to help boost its future sales after a disappointing first quarter.
By Grace Noto • April 24, 2024 -
mphillips007 via Getty Images
FTC approves nationwide noncompete ban
In a difference from the proposed rule, senior executives subject to a noncompete agreement previously will remain subject to it; the ban will apply to executives going forward.
By Robert Freedman • April 24, 2024 -
Retrieved from Kona Bicycles.
PE-backed Kent Outdoors seats new CFO, hunts for Kona Bicycles buyer
Rob Otto is joining the Utah-based company as it puts a beloved mountain bike maker on the block and pivots to focus on water sports.
By Maura Webber Sadovi • April 23, 2024 -
Courtesy of ADM
ADM’s suspended CFO to resign amid accounting scandal
Vikram Luthar — who was placed on a forced leave in January — will assist the company and be paid his base salary until his resignation is effective on Sept. 30.
By Maura Webber Sadovi • April 23, 2024 -
"U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
High Court ruling eases blow of SEC’s new cyber rules: analysts
The court’s decision in Macquarie Infrastructure Corp. v. Moab Partners makes it harder for plaintiffs to bring claims based on omissions in SEC filings.
By Alexei Alexis • April 23, 2024 -
Courtesy of Mobico Group
Mobico CFO steps down following delayed financial results
The public transport company appointed an interim CFO after reporting a 36% drop in profit, impacted by inflationary pressures and labor shortages in key markets.
By Grace Noto • April 22, 2024 -
rgbdigital via Getty Images
Controllers hunt for workarounds to ‘continuous’ reporting, accountant shortage
As leaders of their firms’ accounting operations, many controllers are outsourcing work and using AI to speed accounts payable and receivable tasks.
By Chris Gaetano • April 19, 2024 -
SweetBunFactory via Getty Images
Jabil CFO steps up as CEO is placed on paid leave
The manufacturer’s CFO is stepping into the interim CEO seat after Jabil struggled with “revenue headwinds” amid an ongoing restructuring and cost realignment plan.
By Grace Noto • April 19, 2024 -
Bo Shen via Getty Images
CEOs, CFOs can’t get non-prosecution agreement under DOJ pilot
Criteria released by the Department of Justice April 15 lets corporate executives know if they stand a good chance of avoiding charges for coming forward with misconduct allegations.
By Robert Freedman • April 19, 2024
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