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

Explore the Trendline➔

Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

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

Culture, ethics audits can prevent malfeasance: study

CFOs can help to champion internal auditors when it comes to assessments of company culture, which can help boost long-term performance.   

By Grace Noto • July 7, 2023

Paysend’s Biondo banks on $30M media-for-equity deal

The concept of trading ownership stakes for media time may appeal to more firms as marketing spending faces sharper scrutiny.

By Maura Webber Sadovi • July 7, 2023

Pot supplier MedMen names new CEO, CFO

The struggling cannabis retailer named its fifth CEO in three years and seventh CFO in five years.

By Alexei Alexis • July 6, 2023

Uber competitor Bolt appoints new CFO

As the Estonian ride-hailing company looks ahead to an IPO in 2025, Mikko Salovaara, former CFO of Revolut, takes the financial helm.

By Elizabeth Flood • July 6, 2023

Wise CFO nets larger pay than CEO

CFO Matt Briers took home higher compensation as he prepares to step down from the company. The money transfer service’s CEO is also leaving for a planned sabbatical in September.

By Grace Noto • July 6, 2023

Trackable ads trump swag as budgets tighten

Marketing spending is facing higher scrutiny as CFOs push trackable advertising over broad brand campaigns.

By Suman Bhattacharyya • July 6, 2023

How to position your organization ahead of FTC’s noncompete rule

Even without knowing what the Federal Trade Commission's final noncompete ban will look like, there are steps GCs can take to be ready.

By Robert Freedman • July 6, 2023

Auddia CFO steps down after a five month stint

Timothy Ackerman is departing from his role as CFO of the AI platform after being appointed in February.

By Elizabeth Flood • July 5, 2023

SEC charges former View CFO with negligence-based fraud

The SEC is seeking civil penalties against the smart window manufacturer’s former CFO, alleging he violated federal securities law.

By Grace Noto • July 5, 2023

CFOs shouldn’t let high rates hold them back

A capital project that automates a business can yield a positive discounted investment return, Bill Fink asserts. When rates do come down, CFOs can refinance the debt.

By Bill Fink • July 5, 2023

Enovix taps semiconductor exec for CFO

The new finance chief was named just days after the Fremont, California-based company said it had received a purchase order to produce battery cells for the U.S. Army.

By Maura Webber Sadovi • June 30, 2023