SPAC planning Trump Media buy settles SEC fraud charges

The SEC’s fraud investigation was a major hurdle for the merger deal, which was proposed in 2021.

By Alexei Alexis • July 21, 2023

One CFO’s stealth IPO market tests

“Bake-offs” and confidential filings can clue executives in on their company’s prospects well ahead of going public, Clearwater Analytics CFO Jim Cox says.

By Maura Webber Sadovi • July 20, 2023

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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

XPO taps in-house finance leader for CFO seat

The XPO finance chief is leaving for another opportunity after less than a year at the freight transport service.

By Alexei Alexis • July 20, 2023

Datarails rolls out ChatGPT-style FP&A tool

The new tool seeks to help finance teams deliver insights needed for business decisions more quickly. It uses the same kind of technology that’s behind Microsoft-backed OpenAI’s ChatGPT solution.

By Alexei Alexis • July 19, 2023

Software training, mentorship can boost finance team effectiveness

The more familiar finance employees are with their software, the more they can provide the data necessary for their CFOs to be a key voice for the business, Prophix’s Susan Gershman said.

By Grace Noto • July 19, 2023

Cardlytics taps CLEAR alum for finance chief

Alexis DeSieno, a veteran of biometric identification company CLEAR, takes Cardlytics' finance reins as the company grapples with a continuing slump in digital advertising.

By Grace Noto • July 18, 2023

FedEx picks transportation industry veteran for CFO

Just under a month after announcing CFO Michael Lenz was retiring, FedEx appointed air cargo industry veteran John W. Dietrich as its new finance chief. 

By Maura Webber Sadovi • July 18, 2023

Less than half of SMBs use data to drive growth: AWS

Businesses that fail to leverage their data assets risk being at a competitive disadvantage, AWS said.

By Alexei Alexis • July 18, 2023

‘State-of-the-art’ Kraft Heinz facility to cost in excess of $400M

The high-tech warehouse, which is expected to open in 2025, is expected to feature robotic technology allowing fully-automated selection of Kraft Heinz products.

By Alexei Alexis • July 17, 2023

CFOs warm to outsourcing

Hiring outside firms to fill more specialized roles can help reduce some of the responsibilities that are being heaped on finance chiefs’ shoulders. Outsourcing can also cut costs. 

By Grace Noto • July 17, 2023

Authentic Brands taps Tapestry, Saks alum as CFO

Kevin Wills is taking the New York City-based company’s CFO seat as the firm is once again contemplating going public. It shelved previous IPO plans in 2021.

By Grace Noto • July 14, 2023

KPMG to spend $2B in expanded AI alliance with Microsoft

The expanded partnership could help unlock potential incremental growth opportunities for KPMG of over $12 billion, the firm said.

By Alexei Alexis • July 13, 2023

Embattled EV maker Faraday replaces interim CFO

The electric vehicle maker’s new interim CFO, Jonathan Maroko, is replacing Yun Han, who resigned from the top finance role. The company announced it will also be restating certain financial reports. 

By Maura Webber Sadovi • July 12, 2023

GlobalFoundries, CFO designate part ways

The company and former Amazon executive Tim Stone mutually agreed to scrap plans for him to take over as CFO.

By Alexei Alexis • July 12, 2023

Why all CFOs need to be prepared for bank capital requirement changes

With banks potentially undergoing capital requirement changes, CFOs need to be hyper-aware when it comes to the financial health of their businesses, according to Northern Edge Advisors’ president.

By Elizabeth Flood • July 12, 2023

How predictive analytics can curb just-in-time inventory pitfalls

CFOs can use predictive analytics to avoid panic buying, anchor price bias and overpaying suppliers, Edmund Zagorin, an executive with the procurement platform Arkestro, writes.

By Edmund Zagorin • July 11, 2023

Hanesbrands promotes interim CFO to permanent seat

Scott Lewis, a 17-year company veteran, has been at the financial helm of Hanesbrands on an interim basis since the former CFO Michael Dastugue stepped down for family reasons in January.

By Elizabeth Flood • July 11, 2023

Uber CFO to depart: report

The departure of CFO Nelson Chai would mark the most significant executive switch at Uber since the company went public in May 2019.

By Grace Noto • July 11, 2023

Fresenius Medical Care names Martin Fischer as CFO

Fischer joins the company after former CFO Helen Giza was promoted to CEO.

By Elise Reuter • July 11, 2023

ChatGPT joins top 20 ‘shadow apps’

The popular AI tool made a strong debut this year on an annual list of the top 20 apps that are used in the workplace without company oversight.

By Alexei Alexis • July 11, 2023

Oatly taps Pandora alum for CFO

Oatly CFO Marie-Jose David comes to the financial helm of the oat milk maker as the company looks to get “aggressive” this year.

By Elizabeth Flood • July 10, 2023

Business bankruptcies pick up again

Small business bankruptcy filings soared 55% year-over-year. The rise came as changes in the law increased the eligibility filing limits.

By Maura Webber Sadovi • July 10, 2023

Tax teams poised to see big AI investments: KPMG

Within the next year, 70% of organizations expect to spend $1 million or more on AI for tax automation, with 40% planning to invest at least $10 million, according to a KPMG survey.

By Alexei Alexis • July 10, 2023

TPG to buy Forcepoint’s public sector cybersecurity business for $2.45B

The deal for Forcepoint’s government and critical infrastructure-focused business marks one of the largest in the cybersecurity market this year.

By Matt Kapko • July 10, 2023

Tech unemployment inched up in June, employers cautious on future hiring

June saw modest declines for tech job postings, a marker of future hiring plans, CompTIA analysis shows.

By Naomi Eide • July 7, 2023