CFOs stuck between short-term costs, long-term goals: EY

The balancing act between short-term and long-term performance is one of three major paradoxes finance leaders face in today’s environment, EY said.

By Grace Noto • June 30, 2023

CFO, others charged in $53M pandemic relief fraud scheme

The case is the largest one investigated by the Pandemic Response Accountability Committee Fraud Task Force, created in 2020 to root out COVID-19 pandemic relief fraud, DOJ said. 

By Alexei Alexis • June 29, 2023

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

Volvo ends CFO hunt with Sandvik alum

Volvo picked industry veteran Mats Backman for its CFO as the automaker grapples with new technology affecting its businesses along with lingering supply chain and inflationary challenges.

By Grace Noto • June 29, 2023

Harley-Davidson picks insider for CFO

Jonathan Root is taking the Milwaukee, Wisconsin-based company’s finance reins amid a slump in sales of its iconic motorcycles. 

By Maura Webber Sadovi • June 28, 2023

Bridgewater’s Karniol-Tambour calls for more quantitative tightening

“Stickier than expected” inflation is bad for both stocks and bonds, Karniol-Tambour asserts.

By Suman Bhattacharyya • June 28, 2023

Pricefx CFO stresses diversification in business funds

In a post-SVB world, diversifying funds is key to a healthy business, according to CFO Gillian Sheeran.

By Elizabeth Flood • June 27, 2023

KPMG cuts about 1,900 more US jobs

The layoffs will include cuts in its audit business — a notable shift given the company and the industry have recently struggled with accounting talent shortages.

By Maura Webber Sadovi • June 27, 2023

Wasabi CFO urges finance leaders, C-suite to embrace AI

CFOs need to take a more risk-forward mindset when it comes to AI to ensure they are well-placed for the coming “data wave.”

By Grace Noto • June 27, 2023

Amex promotes deputy to CFO

When long-time American Express CFO Jeff Campbell exits in August, the company’s deputy CFO, Christophe Le Caillec, will take the top financial post.

By Caitlin Mullen • June 27, 2023

AI linked to new crop of business email scams

Businesses can no longer count on bad spelling and grammar to red-flag problem emails: Fraudsters are using AI to craft well-written email messages at scale.

By Alexei Alexis • June 27, 2023

Fintech startup TreasurySpring raises $29M amid bank turmoil

The startup is among fintech companies looking to capitalize on the Silicon Valley Bank collapse and other recent bank failures.

By Alexei Alexis • June 26, 2023

IBM to acquire Apptio in $4.6B deal

The purchase highlights a persistent customer interest in optimizing cloud costs, and opens upselling opportunities for IBM's hybrid cloud playbook.

By Roberto Torres • June 26, 2023

SEC puts SolarWinds CFO on notice in cyberattack probe

The news underscores the growing legal exposure that CFOs have as they are increasingly expected to take on broader remits of responsibilities — including technology.

By Maura Webber Sadovi • June 26, 2023

Inflation, talent shortages undercut finance team efficiency: report

Under pressure from inflation and a dearth of skilled talent, finance teams’ efficiency is suffering, a survey finds.  

By Grace Noto • June 26, 2023

Papa John’s taps Nike exec for CFO

Ravi Thanawala takes on his new role next month as the company seeks to open more locations.

By Elizabeth Flood • June 26, 2023

Cloud tensions flare as Google accuses Microsoft of vendor lock-in

The three largest hyperscalers finally answered a Federal Trade Commission call for public comment, heightening industry scrutiny of Microsoft’s competitive practices.

By Matt Ashare • June 26, 2023

COVID tax claims add to IRS backlog

While IRS return-processing backlogs persist, a report found evidence that the outlook is brightening when it comes to the responsiveness that CFOs and tax preparers can expect.

By Maura Webber Sadovi • June 23, 2023

Motion Picture Association taps new finance chief

Hunter Paletsas will take the organization’s financial reins as the media and entertainment industry deals with major challenges including inflation, the ongoing writers strike and the impact of generative AI.

By Grace Noto • June 23, 2023

B2B must embrace digital payments

“B2B organizations have been slow to adapt to the changing demands and expectations of Gen Z,” writes a payments company vice president. “This is a huge mistake, and it can cost them dearly in the long run.”

By Justin Main • June 23, 2023

Former SVB exec takes IQ-EQ CFO seat

On the heels of a major acquisition in September, the firm is refreshing its C-suite with Judy Wang’s appointment.

By Elizabeth Flood • June 22, 2023

CFO-on-demand startup Paro closes $25M funding round

The funding will allow the company to scale its product innovation, including by “doubling down on AI,” according to CEO Anita Samojednik.

By Alexei Alexis • June 22, 2023

Taulia CFO champions complementary leadership

Rene Ho’s engineering background has afforded him the analytical mindset and intellectual curiosity which are crucial to the CFO role, he said.

By Grace Noto • June 22, 2023

FedEx launches search to replace retiring CFO

The package delivery giant said it has begun a search for a new finance chief who combines “deep financial expertise with strong operational capabilities.”

By Alexei Alexis • June 21, 2023

How Infinera’s CFO practices what she preaches

CFO Nancy Erba dishes on how she strives to lead by example when it comes to women in the workplace.

By Elizabeth Flood • June 21, 2023

Visa hires CFO replacement

Card giant Visa has selected Chris Suh as its new chief financial officer. Suh, formerly at gaming company Electronic Arts and tech titan Microsoft, will receive a $3 million signing bonus and $20 million in longer-term compensation.

By Lynne Marek • June 20, 2023