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

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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

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

EY split hits wall

Back in September, the Big Four accounting firm announced plans to split its auditing and consulting arms into two entities. Now, ‘Project Everest’ has been halted.

By Elizabeth Flood • April 12, 2023

Berkshire Hathaway veterans take Pilot’s CFO, CEO seats

Just under three months after Warren Buffett’s firm became the travel center giant’s majority owner, longtime Berkshire Hathaway executives are taking the helm at Pilot.

By Elizabeth Flood • April 11, 2023

Ledge seizes on SVB crisis with multi-bank offering

The Israeli finance tech startup decided to expedite the rollout of its new treasury management tool after the collapse of Silicon Valley Bank.

By Alexei Alexis • April 11, 2023

Auvik adds private equity vet as CFO in C-suite shakeup

The IT management company is at an "inflection point" as it adjusts to being owned by a private equity firm and evolves to meet customer demand, its new CFO says.

By Alexei Alexis • April 10, 2023

SVB shareholder suit cites KPMG’s ‘silent’ audit

The new SVB shareholder lawsuit shines a light on KPMG’s February audit that effectively gave the bank a clean bill of health about two weeks before its collapse.

By Maura Webber Sadovi • April 10, 2023

Matillion CFO: Melding operational, finance skills can boost decision-making

Pairing operational and finance skills can help prepare CFOs to make better decisions and to eventually take on broader roles, newly-minted Matillion CFO and COO said.

By Grace Noto • April 10, 2023

Why CFOs must take inventory reins

The people responsible for bloated inventory levels don’t all sit in factories and warehouses, Ernst & Young’s Peter Kingma writes. 

By Peter Kingma • April 7, 2023

Samsung employees leaked corporate data in ChatGPT: report

Data privacy is a concern for companies with employees using ChatGPT’s web-based interface, as input data is used to train and improve the tool.

By Lindsey Wilkinson • April 7, 2023

Walmart automates to combat inflation, CFO says

The retailer is upping its investments in automation as it looks to manage costs and pricing during an inflationary environment.

By Grace Noto • April 7, 2023

Using a disciplinary matrix to tie compensation to compliance

A good way to earn DOJ cooperation credit is to be clear on paper what violations will result in a pay reduction or clawback, a Morgan Lewis partner says. 

By Robert Freedman • April 6, 2023

Zayo taps Verizon alum for CFO

Jeff Noto takes on the role of finance chief as Zayo stacks its leadership with telecom veterans before a planned push for growth.

By Grace Noto • April 6, 2023