Leadership: Page 40
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Travel + Leisure CFO talks uptick in travel, bleisure
Despite headwinds on travel from the pandemic, CFO Mike Hug has continued to capitalize on new opportunities within the industry.
By Elizabeth Flood • March 20, 2023 -
With tech’s favorite banks in turmoil, some are choosing loyalty
After several high-profile bank failures and near-failures, some fintechs don’t see jumping ship as an option.
By Gabrielle Saulsbery • March 20, 2023 -
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 -
Mattel CFO sees movie tie-in boosting Barbie sales
The iconic El Segundo, California-based toymaker had a tough 2022 but CFO Anthony DiSilvestro expects the outlook to improve and says parents will always prioritize spending on their children.
By Chris Gaetano • March 17, 2023 -
How ERP modernizations fare amid cost cutting
Some companies are pausing or delaying ERP implementations. But projects moving ahead face sharper scrutiny than before.
By Jen A. Miller • March 17, 2023 -
SVB CFO may be swept up in stock dumping scrutiny
Three SVB Financial senior officers, including the finance chief, sold company shares worth a combined total of about $4.5 million as of Jan. 1, according to insider trading research firm Smart Insider.
By Alexei Alexis • March 16, 2023 -
Does SVB failure expose CFO job creep’s weaknesses?
The bank's chief risk officer seat was left vacant for much of 2022, raising questions about how such responsibilities are distributed and to whom in the modern C-suite.
By Grace Noto • March 16, 2023 -
Nearly one-third of CFOs to diversify deposits across banks: study
CFOs are looking to take immediate action to assess the risk and exposure to their businesses following recent bank failures.
By Elizabeth Flood • March 16, 2023 -
Burberry poaches CFO from McLaren
The British luxury fashion house announced another change in its C-suite after naming a new CEO just last year.
By Elizabeth Flood • March 15, 2023 -
Former CFO sentenced in $1.9M embezzlement scheme
The California man used his position as an auto dealership CFO to issue himself unauthorized checks, as well as pay for personal expenses with company credit cards, prosecutors said.
By Alexei Alexis • March 14, 2023 -
SVB failure could cloud CFOs’ sunnier outlook
CFOs are cautiously optimistic for 2023, according to Deloitte’s latest CFO signals survey, but the swift downfall of SVB could test that.
By Elizabeth Flood • March 14, 2023 -
After SVB, cash is once again king, ex-CFO says
With steady CFO leadership now paramount, finance leaders should prioritize cash and keep open their lines of communication with shareholders and employees.
By Grace Noto • March 14, 2023 -
Signature Bank CFO among those named in investor lawsuit
A proposed class-action complaint claims the bank and its leaders misled investors about Signature Bank’s financial standing.
By Lyle Moran • March 14, 2023 -
Silicon Valley Bank investors sue collapsed firm’s CEO, CFO
The proposed class action alleges the failed bank, CEO Greg Becker and CFO Daniel Beck concealed from investors the impact that high interest rates would have on the tech-focused firm’s business.
By Anna Hrushka • March 14, 2023 -
Q&A
Finance tech guru dishes on ChatGPT
While the technology holds promise, concerns over the privacy risks are justified for now, finance tech expert Glenn Hopper says.
By Alexei Alexis • March 13, 2023 -
DocuSign makes surprise CFO transition announcement
Cynthia Gaylor is stepping down from her role as CFO as the company handles the aftermath of two rounds of layoffs and leadership team expansion.
By Elizabeth Flood • March 13, 2023 -
4 keys to automation roadmapping
Finance tech projects undertaken without a good roadmap could be headed for failure, according to Gartner analyst Nisha Bhandare.
By Alexei Alexis • March 13, 2023 -
CEOs ranked as top drivers of CFO retention
The quality of the CEO-CFO relationship trumps other factors for finance chiefs when it comes to deciding whether to stick with an organization, according to a survey.
By Alexei Alexis • March 10, 2023 -
Meta to slim teams, lean on AI in year of efficiency, CFO says
Meta will be reevaluating its teams and projects, while also aiming to invest in key areas like AI and automation to drive its year of efficiency, CFO Susan Li said.
By Grace Noto • March 10, 2023 -
Allbirds replaces CFO with ex-Adidas exec
The Silicon Valley favorite sneaker brand is the second direct-to-consumer brand this week to report disappointing earnings and a CFO transition.
By Elizabeth Flood • March 10, 2023 -
Regulators take over Silicon Valley Bank
The California Department of Financial Protection and Innovation closed the embattled bank and appointed the FDIC as receiver, regulators said Friday.
By Anna Hrushka • March 10, 2023 -
Walmart bets on digital retail future, CFO says
The retail giant is focusing on in-store technology and logistics improvements and positioning stores as distribution points for online shopping.
By Suman Bhattacharyya • March 9, 2023 -
CFO base pay raises outpace CEOs’
Finance chiefs edged out top executives for salary increases on average, though CEOs saw higher gains in total compensation.
By Grace Noto • March 9, 2023 -
Allstate focused on profitability first, growth second
CFO Jess Merten outlined the company’s strategy as its largest competitors take an opposite approach.
By Elizabeth Flood • March 9, 2023 -
PayPal CFO hits the exit
PayPal CFO Blake Jorgensen, who has been on a medical leave since September, left his role Tuesday.
By Lynne Marek • March 8, 2023 -
CrowdStrike revenue soars amid high cyber demand
The cybersecurity company reported record financial results in spite of macroeconomic headwinds.
By Alexei Alexis • March 8, 2023