Visa hires CFO replacement

Card giant Visa has selected Chris Suh as its new chief financial officer. Suh, formerly at gaming company Electronic Arts and tech titan Microsoft, will receive a $3 million signing bonus and $20 million in longer-term compensation.

By Lynne Marek • June 20, 2023

Unisys CFO targets revenue growth

A strong CFO-CEO relationship will be critical as technology solutions firm Unisys gears up to take advantage of the $1 trillion IT solutions market opportunity, CFO Debra McCann said.

By Grace Noto • June 20, 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

Carlyle Group promotes insider to CFO seat

Following longtime CFO Curt Buser’s decision to retire, the global investment firm has appointed a company veteran and Goldman Sachs alum to the financial helm.

By Elizabeth Flood • June 20, 2023

B2B payment fraudsters exploit security holes: Trustpair

Companies’ reliance on manual, rather than automated, business-to-business fraud prevention measures is providing an opening for scammers, according to Trustpair CEO Baptiste Collot.

By Alexei Alexis • June 20, 2023

Disney CFO takes leave of absence

The 23-year company alum is stepping down among a pending shareholder lawsuit and efforts by the company to restructure following ongoing subscriber loss for its streaming business.

By Grace Noto • June 16, 2023

EY CEO’s retirement sounds new leadership alarm

Carmine Di Sibio’s exit and the firm’s abandonment of “Project Everest” may signal a new era of leadership, as well as a new structure to complete the breakup of EY’s consulting and auditing arms.

By Elizabeth Flood • June 16, 2023

SEC delays final rule on cyber incident disclosure as industry pushes back

The agency was seeking prompt reporting of material cyber breaches and attacks, but faced a range of concerns from stakeholders.

By David Jones • June 16, 2023

Kroger execs still feel inflation’s pinch, glimpse relief

The grocery giant is still grappling with rising prices as well as the end of pandemic-era food benefits that is constraining budgets of many lower-income customers.

By Maura Webber Sadovi • June 15, 2023

Suppliers gained clout as DPO dipped: Hackett

The number of days payable outstanding —  a key gauge of cash flow health — fell 8% last year or 4.7 days, according to the Hackett Group.

By Chris Gaetano • June 15, 2023

Microsoft beefs up AI-powered business automation tools

The enhancements include new features aimed at helping managers, including in finance departments, reduce time spent on task planning and risk assessments, according to a blog post.

By Alexei Alexis • June 15, 2023

CFOs lower growth expectations, cut costs: Deloitte

Finance leaders are less willing to take on new risks and less optimistic about their companies’ financial prospects as their CEOs urge them to continue slashing costs.

By Grace Noto • June 15, 2023

Five Below poaches McDonalds alum for CFO

The extreme-budget retailer is reshuffling its C-suite, with Ken Bull’s promotion to COO and Kristy Chipman’s appointment to CFO.

By Elizabeth Flood • June 15, 2023

Citi CFO says tech initiatives will drive 5K job cuts this year

The bank has cut 1,600 jobs in the second quarter and expects a $300 million to $400 million uptick in expenses largely because of the severance costs, CFO Mark Mason said Wednesday.

By Suman Bhattacharyya • June 15, 2023

Wells Fargo CFO warns of commercial real estate weakness

Wells Fargo CFO Michael P. Santomassimo is the latest big bank executive to detail commercial real estate distress and its potential impact on lenders.

By Maura Webber Sadovi • June 14, 2023

CFO pleads guilty to $6M employment tax crime

The CFO willfully failed for several years to file required quarterly employment tax returns or pay taxes withheld from employees’ wages to the IRS, DOJ said.

By Alexei Alexis • June 14, 2023

EY Global Chairman walks out following failed split

EY’s planned split, announced in September, collapsed as the accounting giant continues to go through layoffs and other troubles culminating now in an early exit from their CEO.

By Elizabeth Flood • June 14, 2023

Generative AI revenues projected to reach $36B by 2028

The nascent generative AI market is poised for rapid growth in coming years, with total revenues projected to increase tenfold by 2028, S&P Global Market Intelligence says.

By Alexei Alexis • June 13, 2023

Chico’s promotes senior finance exec to CFO seat

As Patrick Guido moves on to “another opportunity,” former interim CFO and current chief accounting officer David Oliver takes the financial helm.

By Elizabeth Flood • June 13, 2023

Newly-minted Bloomreach CFO keeps eye on ROI

Demonstrating a clear, immediate ROI can help tech companies stay on a path to growth.

By Grace Noto • June 13, 2023

As software migrates to cloud, IT spending waste follows

Enterprise technology asset managers are shifting their focus from desktops and data centers to containers and cloud, as SaaS solutions proliferate.

By Matt Ashare • June 13, 2023

Median cost of ransomware per incident hits $26K: Verizon

In some cases, threat actors are demanding higher ransom payments from companies “just because they believe they can get it,” according to Verizon’s Chris Novak.

By Alexei Alexis • June 13, 2023

Singapore Airlines promotes insider to CFO amid C-suite shakeup

After his work with the Air India merger, CFO Tan Kai Ping is leaving his post as CFO to take on the role of chief operating officer.

By Elizabeth Flood • June 12, 2023

Appfire CFO touts ‘people-first’ approach to profitability

Developing a people-first philosophy can be tricky, but it can help better position companies for long-term success.

By Grace Noto • June 12, 2023

Paysend picks Amex alum for Americas CFO seat

The London-based cross-border payments company has tapped a veteran Miami-based financial executive to help drive its expansion into the U.S.  

By Maura Webber Sadovi • June 12, 2023

Building resilience, funding sources critical to riding out a storm

The more efficiently you run your operations, the longer your company’s cash cushion will last. Industry-specific tools can help, Luke Voiles writes.

By Luke Voiles • June 9, 2023