Ransomware claims jump back up

Ransomware claims filed by U.S. clients of insurance broker Marsh spiked 77% in the first quarter, following a downward trend in 2022.

By Alexei Alexis • May 9, 2023

Companies to reimagine workflow: survey

Only about one in three companies polled in a WTW survey gave themselves good marks for effectively managing changes in work dynamics such as digitalization.

By Elizabeth Flood • May 9, 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

Körner to stay on with UBS following Credit Suisse acquisition

A leadership shuffle also has Todd Tuckner, CFO of UBS’ global wealth management arm, taking on the role of group CFO. Tuckner will replace Sarah Youngwood, who is leaving the company.

By Gabrielle Saulsbery • May 9, 2023

Driven Brands CFO abruptly exits

Three-year company veteran Tiffany Mason abruptly departed the automotive services company last week, with former Cardtronics CFO Gary W. Ferrera to step into the newly vacant CFO seat.

By Grace Noto • May 9, 2023

FP&A tech provider Firmbase closes $12M seed round

The infusion of cash is expected to boost R&D investments for the company’s financial planning and analysis tool, including in the area of generative AI.

By Alexei Alexis • May 9, 2023

Entrepreneurial mindset drives growth: ex-Poshmark CFO

When it comes to growing a business of any kind, thinking like a founder is key, regardless if you are one or not, former Poshmark CFO Kapil Agrawal said.

By Elizabeth Flood • May 8, 2023

Making the CFO-to-CEO leap: Velocity Global

Being inquisitive about the broader business and “not necessarily going in as a CFO all the time” can help finance leaders make the jump to the CEO chair, said Frank Calderoni, CEO of Velocity Global.

By Grace Noto • May 8, 2023

Vendavo CFO: how to solve price puzzles

Vendavo’s Dayton Kellenberger said technology has accelerated how quickly price-volume-mix analyses can be completed, enabling CFOs to make adjustments in real-time.

By Maura Webber Sadovi • May 8, 2023

Apple CFO touts record service revenue as sales decline

Among Apple’s services offerings, growth areas include Apple Card, Apple Pay and cloud services.

By Suman Bhattacharyya • May 5, 2023

CFOs brace for tighter times as credit dries up

As difficult as the financing environment is right now, Wolters Kluwer’s Jeroen Van Doorsselaere predicts “a real credit crunch” developing in the second half of 2023.

By Chris Gaetano • May 5, 2023

Bean CEO wants to bring flexibility, creativity to accounting

To solve the accounting shortage, Bean CEO Anees Pretorius asserts the industry must provide talented professionals with the tools and flexibility they need to do better work more quickly — and to make it more delightful.

By Grace Noto • May 5, 2023

Peloton predicts cash flow pressure after $75M Dish settlement

The cost of the patent settlement, plus related expenses, is expected to “significantly pressure” Peloton’s free cash flow for its fiscal fourth quarter.

By Alexei Alexis • May 4, 2023

SVB’s fate shines spotlight on company culture

SVB lost a number of employees following its acquisition by First Citizens. Some M&A targets may not be the best fits.

By Elizabeth Flood • May 4, 2023

White House tackles AI’s rise, convening top tech CEOs

Vice President Kamala Harris met with top AI executives Thursday, the latest sign of increased regulatory interest over AI products and services. 

By Roberto Torres • May 4, 2023

RS Group CFO resigns over relationship with colleague

A month following a C-suite shakeup, RS Group’s CFO is resigning due to a relationship with an employee.

By Elizabeth Flood • May 3, 2023

Tesla details its supply chain emissions for the first time

The EV maker released an estimate of its Scope 3 footprint, while also delving into its efforts to source minerals responsibly. 

By Ben Unglesbee • May 3, 2023

Guess taps Hugo Boss alum for CFO seat

The appointment of Markus Neubrand, a former CFO of Hugo Boss Americas, follows a “rigorous” search process, Guess CEO Carlos Alberini said.

By Alexei Alexis • May 3, 2023

Vertice reports spike in AI software spending

AI’s share of overall software spending across the Vertice network grew to 1% by the end of March, up from 0.2% at the start of the year, a five-fold increase.

By Alexei Alexis • May 2, 2023

Therabody swipes second Atkins alum as CFO

The Theragun maker is continuing its C-suite transformation with a new CFO as it looks to push forward into the broader, everyday health and wellness space.

By Grace Noto • May 2, 2023

Qantas CFO named company’s first ever woman CEO

Australian airline company has promoted finance chief Vanessa Hudson, a 28-year company veteran, to CEO. 

By Elizabeth Flood • May 2, 2023

Bid for business-friendly ChatGPT seen facing challenges

Cybersecurity experts say it may be a long while before ChatGPT can be trusted to handle sensitive business data, despite recent steps by the popular AI tool’s creator.

By Alexei Alexis • May 2, 2023

CFOs ready, not ‘shocked’ by First Republic failure

Many finance leaders now have a “quick-trigger game plan in place should another domino fall,” according to Jack McCullough, founder and president of the CFO Leadership Council.

By Maura Webber Sadovi • May 1, 2023

JPMorgan to ‘fight hard’ to retain First Republic clients, CFO says

JPMorgan’s agreement to buy the failed bank’s assets once again raises questions of the health of the banking ecosystem, particularly shining a light upon regional banks.

By Grace Noto • May 1, 2023

Food Lion owner Ahold Delhaize poaches new CFO from construction company

Pending shareholder approval, Jolanda Poots-Bijl is set to take the financial helm from Natalie Knight who is leaving to take another CFO role at automaker Stellantis.

By Elizabeth Flood • May 1, 2023

Amazon to put ‘more dollars’ toward generative AI, CFO says

Amazon is following in the footsteps of other large-scale tech firms like Apple and Meta by funneling more funds toward generative AI.

By Grace Noto • April 28, 2023