Wells Fargo CFO calls commercial real estate a ‘long movie’

The office market is under the most pressure, the bank’s finance chief Michael Santomassimo said on Monday.

By Maura Webber Sadovi • Feb. 27, 2024

Orsted taps new CFO, COO in turnaround bid

The troubled offshore energy developer appointed new financial and operational leadership as it looks to get back on course following a turbulent 2023.

By Grace Noto • Feb. 27, 2024

Explore the Trendline➔

Digital 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

SaaS license waste tops IT spend challenges

Hasty software purchasing during the pandemic led to bloated tech stacks that are now ripe for trimming.  

By Alexei Alexis • Feb. 27, 2024

CFOs take backseat to CISOs on SEC cyber rules

Less than half of finance chiefs are involved in the SEC's cybersecurity breach disclosure process, AuditBoard found.

By Alexei Alexis • Feb. 27, 2024

AI, employee balance key to driving tech strategy: IMA

Treating AI like a new colleague, rather than a replacement for employees, can help CFOs more seamlessly incorporate the technology.  

By Grace Noto • Feb. 26, 2024

FIS ex-CFO stays to oversee Worldpay transition

Erik Hoag, a long-time FIS executive who stepped down from the CFO seat in August after just one year, was named chief integration officer.

By Maura Webber Sadovi • Feb. 26, 2024

MGM Resorts’ cyberattack headache continues as regulators launch investigations

The company said it could face fines in connection with regulatory inquiries stemming from the social engineering attack.

By David Jones • Feb. 26, 2024

Lufthansa CFO to step down amid board reshuffle

The airline is overhauling its executive leadership team in the face of repeated labor strikes by its ground staff in its home country of Germany.

By Grace Noto • Feb. 23, 2024

Onetime CFO contender to leave Goldman

Once seen as a top finance chief candidate, Beth Hammack is reported to be exiting Goldman Sachs after 30 years.

By Gabrielle Saulsbery • Feb. 23, 2024

PayPal FP&A exec jumps to Flywire CFO seat

Cosmin Pitigoi’s appointment comes six months after Flywire announced its long-time finance chief would be exiting.

By Maura Webber Sadovi • Feb. 22, 2024

New Prophix CFO: championing the ‘data steward’ shift

The “bird’s eye view” of the business provided by finance chiefs makes them ideal choices as stewards of data, Prophix CFO Aaron Levine says.  

By Grace Noto • Feb. 22, 2024

Planet Fitness CFO retiring amid search for CEO

The announcement comes in the wake of the health-club chain’s abrupt decision last fall to oust then CEO Chris Rondeau.

By Alexei Alexis • Feb. 22, 2024

Canadian pot firm picks Bristol Myers vet for CFO

The outgoing CFO’s seven-year tenure had set the company apart from a number of other cannabis firms that have struggled to hold onto finance chiefs.

By Maura Webber Sadovi • Feb. 21, 2024

Ex-Trump CFO still faces legal, financial troubles after civil fraud ruling

Ex-CFO Allen Weisselberg is confronting potential perjury charges, financial penalties and a fraught ending to his career.

By Grace Noto • Feb. 21, 2024

Zevia taps new CFO amid growth push

The CFO swap comes as Zevia fights to bolster growth amid financial challenges and competitive demand for healthier beverages.

By Grace Noto • Feb. 20, 2024

‘Maverick’ SaaS spending by workers can waste millions: Vertice

A company with more than 2,000 employees wasted, on average, as much as $4.3 million on underutilized SaaS licenses in 2023.

By Alexei Alexis • Feb. 20, 2024

Honeywell exec upbeat on warehouse automation trends

Rising e-commerce shipments and ongoing labor shortages are among macrotrends that are favorable to the market.

By Alexei Alexis • Feb. 20, 2024

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

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