Bank of America customer data exposed in IT provider breach

A threat actor compromised Infosys McCamish Systems in November, affecting more than 57,000 Bank of America customers.

By Rajashree Chakravarty • Feb. 13, 2024

Renamed FinQuery tackles CFOs’ SaaS pain points

The rebranding follows the acquisition of SaaS management startup Stackshine by LeaseQuery, now FinQuery, last August.

By Alexei Alexis • Feb. 13, 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

AI dominates CFOs’ 2024 budget hike plans

The vast majority (90%) of finance leaders are projecting higher AI budgets in the coming year, with none planning a reduction, Gartner found.

By Alexei Alexis • Feb. 13, 2024

PayPal’s Rabinovitch heads to Worldpay CFO seat

Worldpay will lean on PayPal alum Gabrielle Rabinovitch’s finance chops to help it navigate life as an independent company during a rocky time for the payments space.

By Grace Noto • Feb. 12, 2024

PayPal cost-cutting likely to persist

The digital payments pioneer’s expense reductions may take years to benefit the company’s bottom line as management resets the business strategy.

By Lynne Marek • Feb. 12, 2024

Minority CPAs drop 26% after 150-hour rule: MIT

Proponents of the more onerous rule say it raises the quality of accounting services. The study’s authors found “scant evidence.”

By Maura Webber Sadovi • Feb. 9, 2024

Enerpac Tool appoints interim finance chief

The Menomonee Falls, Wisconsin-based industrial tool maker appointed its head of financial planning to the interim CFO position. 

By Grace Noto • Feb. 9, 2024

Walgreens names permanent CFO in management shakeup

The pharmacy chain’s recently-installed CEO announced executive team changes as the company looks for a fresh start after financial struggles.

By Alexei Alexis • Feb. 8, 2024

Earnings season CFO moves pile up: Prudential, H&R Block

Announcing CFO exits and entrances during earnings season can pave the way to a smooth transition — but there can be downsides.

By Maura Webber Sadovi • Feb. 7, 2024

CEO, CFO compensation clawback helps tech firm skirt SEC fine

Cloopen Group avoided civil penalties after cooperating with the agency and taking remedial steps, despite an accounting fraud scandal that triggered SEC charges.

By Alexei Alexis • Feb. 7, 2024

Profit is the ‘high value’ IPO ticket, NetSuite execs say

As the IPO market recovers, investors are putting a premium on companies that have demonstrated stable profitability.

By Grace Noto • Feb. 7, 2024

Costco taps former Kroger finance chief to serve as CFO

Gary Millerchip, a key architect of the grocer’s pending merger with Albertsons, is taking over from Richard Galanti, who is leaving the club retailer after nearly 40 years.

By Catherine Douglas Moran • Feb. 6, 2024

Clorox says it incurred $49M in costs from 2023 cyberattack

The breach caused system disruptions that led to order processing delays and “significant product outages,” negatively impacting net sales and earnings.

By Alexei Alexis • Feb. 6, 2024

The fight against cyber fraud: How to up your game in 2024

CFOs face an increasingly daunting fraud landscape — from deep-fake phone calls to AI-generated text messages, writes Trustpair CEO Baptiste Collot.

By Baptiste Collot • Feb. 6, 2024

Bass Pro, Patagonia vet takes Meati Foods CFO seat

Founded in 2017, the company said its new finance chief will oversee capital expenditures needed to drive its continued expansion.

By Maura Webber Sadovi • Feb. 5, 2024

Solo Brands appoints Vitamin Shoppe exec as new CFO

The leadership swap comes after Solo replaced its CEO and lowered its revenue guidance for 2023 following disappointing sales.   

By Grace Noto • Feb. 5, 2024

BP makes interim CFO permanent

With Kate Thomson, the London-based oil giant holds a spot in the still relatively rarefied ranks of major companies with women in the top finance seat.

By Maura Webber Sadovi • Feb. 2, 2024

PwC veteran talks cracking the IT, finance silos

Finance chiefs need to be sure they are opening communication channels between other executive leaders to tell ‘the right digital transformation story.’

By Grace Noto • Feb. 1, 2024

Sanofi appoints Nestlé executive as new finance chief

François-Xavier Roger will replace current CFO Jean-Baptiste Chasseloup de Chatillon as Sanofi continues a research pivot and cost-cutting drive.

By Delilah Alvarado • Feb. 1, 2024

SEC wins legal victory against former tech CFO in accounting fraud case

Former CFO Karen Rosenberger is accused of helping software provider Synchronoss to engage in “long-running accounting improprieties.”

By Alexei Alexis • Jan. 31, 2024

Fed holds main rate steady, wants ‘greater confidence’ inflation falling

The central bank dropped a prior reference to “additional policy firming” but gave no support to market expectations that it will soon reduce interest rates. 

By Jim Tyson • Jan. 31, 2024

Healthcare CFOs explore M&A, automation and service line cuts in 2024

Companies grappling with liquidity concerns are looking to cut costs and streamline operations, according to a new survey.

By Susanna Vogel • Jan. 31, 2024

Targeting the accounting shortage: 2024 tactics

With controversial state legislation and big changes for CPA exam takers afoot, this year could be a volatile one for accounting players.

By Maura Webber Sadovi • Jan. 30, 2024

One in four companies ban GenAI

The research by Cisco found that generative artificial intelligence tools are putting many companies’ sensitive data at increased risk of public exposure.

By Alexei Alexis • Jan. 30, 2024

Tech CFOs kick off 2024 with flurry of layoffs

The latest layoffs show that many tech CFOs remain laser-focused on ensuring long-term profitability in an uncertain economic environment, analysts said.

By Alexei Alexis • Jan. 30, 2024