SVB Financial Group’s CEO, CFO resign

The former Silicon Valley Bank parent did not name a replacement for the CEO role, but said Nicholas Grossi, managing director of advisory firm Alvarez & Marsal, will serve as the company’s interim CFO.

By Anna Hrushka • April 24, 2023

To keep pace with healthcare costs, data is key

For CFOs managing both company costs and their employees’ wellbeing, having access to the right data to make strategic healthcare decisions is essential.

By Grace Noto • April 21, 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

IBM leans on AI, hybrid cloud as infrastructure business stalls

“We've been digitally transforming IBM, much in the same way we're helping our clients with their transformation,” CFO James Kavanaugh said during a Q1 2023 earnings call.

By Matt Ashare • April 20, 2023

Half of global workers open to leaving jobs: study

Thirty percent of businesses are experiencing “value drag,” with employees feeling disengaged and looking to leave, and another 18% are in a “value risk” state, where business value is at significant risk, according to the research.

By Alexei Alexis • April 20, 2023

Automaker Stellantis taps Adidas alum to replace longtime CFO

The multinational automaker is replacing its longtime CFO Richard Palmer with Adidas alum Natalie Knight.

By Elizabeth Flood • April 20, 2023

Dollar General SVP takes CFO seat

The company’s CFO switch comes as it looks to bump up staffing in a bid to increase its market share as inflationary pressures continue to impact consumer shopping habits.

By Grace Noto • April 20, 2023

Ex-Trump CFO is released from jail

Allen Weisselberg — the Trump Organization’s former finance chief — was released after this week serving about 100 days in a New York City prison. But more legal pressure looms.

By Maura Webber Sadovi • April 20, 2023

Citigroup technology expenses grow as it pushes transformation

The financial services company increased its IT spending, retired legacy platforms and invested in cloud-based solutions, CFO Mark Mason said.

By Matt Ashare • April 20, 2023

3 CFOs talk shifting ESG headwinds

The nuanced picture that three CFOs painted Tuesday of the business case for ESG sharply contrasted with the backlash that has roiled the public debate recently.

By Maura Webber Sadovi • April 19, 2023

Flexibility still king for workers: Report

Despite a labor market resurgence in March, nearly half (47%) of those in the workforce are still highly concerned about what a downturn may mean for their job security and finances, the April Workforce from iCIMS said.

By Elizabeth Flood • April 19, 2023

Betterment agrees to pay $9M in SEC settlement

The settlement resolves charges that investment advisor Betterment made misstatements related to its automated tax loss harvesting service, among other violations.

By Alexei Alexis • April 19, 2023

EY to lay off 3,000 workers after split craters

A week after “Project Everest” was halted, the Big Four firm is slashing its workforce.

By Elizabeth Flood • April 18, 2023

Cyber premiums spike at slower pace in 2022: Fitch

The deceleration was driven by factors such as a moderation of ransomware incidents and a heightened level of cyber risk awareness among corporate executives, according to Fitch Ratings.

By Alexei Alexis • April 18, 2023

OneStream expands platform, eyeing CFO ‘App Store’

The platform can now be used to download applications created by OneStream partners, along with the company’s own portfolio of tools.

By Alexei Alexis • April 18, 2023

Tax AI is here, but distrust lingers

AI could help companies with filing taxes. But first, finance executives need to learn to trust it.

By Grace Noto • April 17, 2023

Zepto names CoinSwitch alum as CFO ahead of IPO

The India-based grocery delivery service hired Ramesh Bafna as its next CFO. The company plans to go public in the next two years.

By Elizabeth Flood • April 17, 2023

Rate hedging for non-bank CFOs

Many firms don’t have exposure to the longer-duration government bonds that hammered Silicon Valley Bank. But there are other rate risks to guard against.

By Maura Webber Sadovi • April 17, 2023

Accountants demand change or else

Rethinking the future of accounting could persuade some of the over two-thirds of accountants who may want to leave the profession to stay put, according to FloQast’s CEO.

By Elizabeth Flood • April 14, 2023

Groupon appoints Pale Fire alum to CFO seat

Pale Fire alum Jiří Ponrt’s CFO appointment comes just a few weeks after the e-commerce firm’s largest stakeholder slid its co-founder into Groupon’s interim CEO chair.  

By Grace Noto • April 14, 2023

Why CFOs eyeing IPOs must prep now

While many companies have put public listing plans on pause, CFOs would be wise to get ready now for when the IPO window reopens, Nick Theos writes. 

By Nick Theos • April 14, 2023

SPAC backing Trump media venture taps new CFO

The appointment of Katherine Chiles as CFO of Digital World Acquisition follows the resignation of the company’s former finance chief and the termination of its prior CEO.

By Alexei Alexis • April 13, 2023

Harley-Davidson CFO to take Hasbro’s helm

Gina Goetter will transition from motorcycles to Monopoly as she takes on a new CFO role at Hasbro. The toy company is set to cut 15% of its workforce this year.

By Elizabeth Flood • April 13, 2023

CFOs need public/private funding mix to bridge ESG financing gaps

Finance leaders need access to multiple types of capital to finance their companies’ environmental, social, and governance goals, Ana Carolina Oliveira writes. 

By Ana Carolina Oliveira • April 13, 2023

U.S. Bank names new CFO in C-suite shuffle

The bank's current CFO, Terry Dolan, will become vice chair and chief administrative officer. Gunjan Kedia, the bank's wealth-management chief, will oversee corporate and commercial banking.

By Rajashree Chakravarty • April 13, 2023

Bombardier alum to replace retiring Air Canada CFO

Air Canada CFO Amos Kazzaz, set to retire at the end of June, will be replaced by Bombardier alum John Di Bert.

By Alexei Alexis • April 12, 2023