‘Macro drivers’ blamed as Overstock.com revenues plummet

The Salt Lake City, Utah-based home furnishings seller’s CEO said factors such as inflation contributed to its fourth quarter loss.

By Alexei Alexis • Feb. 22, 2023

For dream CFO, data, people skills are a must, CEO says

Old school and new generation CFOs have different ways of achieving efficiency—but as a CEO, Yantra’s Vikram Bhandari is looking for the best of both worlds.

By Grace Noto • Feb. 22, 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

Foot Locker moves exec to interim CFO seat

The New York-based sneaker retailer is still on the hunt for a permanent replacement for departing CFO Andrew Page.

By Elizabeth Flood • Feb. 22, 2023

Cargill’s interim CFO gets permanent role

The change is part of a re-shuffling within the company’s top ranks.

By Alexei Alexis • Feb. 21, 2023

CFO, CIO relationship key to optimize tech spend

Nearly half of execs expect cyber attacks on financial data to increase in 2023, but the majority of finance leaders don't have consistent communication with their CIO to mitigate this risk.

By Elizabeth Flood • Feb. 21, 2023

Hasbro profits take hit amid ‘challenging’ climate

The company’s disappointing fourth-quarter revenues highlight the ongoing risks that inflation poses to the bottom lines of many U.S. companies.

By Alexei Alexis • Feb. 17, 2023

Accounting firms zero in on efficiences

The narrative has changed this year, with the drive for efficiency replacing talent as the top priority for accounting firms. 

By Elizabeth Flood • Feb. 17, 2023

DoorDash shuffles CFO to COO

DoorDash said it will move its current CFO to its COO position and swap in its vice president of finance and strategy for the top financial seat.  

By Grace Noto • Feb. 17, 2023

Financial services, Black America and the evolution of DEI

Despite the rise of corporate diversity initiatives, Christopher Johnson writes systemic hurdles still keep many minorities from working in finance.

By Christopher Johnson • Feb. 17, 2023

Visa CFO to exit

Vasant Prabhu, the company’s chief financial officer since 2015, will leave Visa in September, the company said Thursday.

By Caitlin Mullen • Feb. 17, 2023

Paymentus hands interim CFO severance benefits

The company called the severance benefits’ approval a formality. But one expert said it is likely a retention strategy designed to encourage the interim CFO to “stick around.” 

By Maura Webber Sadovi • Feb. 16, 2023

A one-way ticket to ServiceNow’s CFO seat

From heartbreak to the financial helm, Gina Mastantuono has had her fair share of pivotal challenges on her way to the top.

By Elizabeth Flood • Feb. 16, 2023

CFOs aim to expand budgets for sales, supply chain

CFOs are preparing to bump up spending in sales, corporate IT and supply chain, but are keeping a close watch on economic conditions before shelling out new funding.

By Grace Noto • Feb. 16, 2023

Airbus names new CFO after 5-month search

The current CFO is set to depart on March 3, leaving a senior executive to fill in until the new finance chief arrives in the fall, the company said.

By Alexei Alexis • Feb. 16, 2023

KPMG cuts nearly 2% of US staff

KPMG’s layoffs affect close to 700 U.S. workers in the Big Four firm’s advisory business, according to a source familiar with the matter. The employees were notified Wednesday. 

By Maura Webber Sadovi • Feb. 16, 2023

Inflation tops concerns weighing on CFOs

Amid economic uncertainty, financial forecast accuracy, liquidity, cash flow, and capital structure will be among top priorities for CFOs this year, according to a study.

By Alexei Alexis • Feb. 15, 2023

Strategizing tech investments key for ROI: Coupa CFO

As AI evolutions make their way into the finance function, Tony Tiscornia shares why CFOs should focus on the quickest ‘bang for your buck’.

By Elizabeth Flood • Feb. 15, 2023

Automation to reshape finance job descriptions

With a continued focus on automation in the job function, CFOs need to be prepared for job creation outside of traditional accounting.

By Elizabeth Flood • Feb. 14, 2023

More CFOs eye the top seat: report

Of CFOs who take new roles, about 80% are opting for non-CFO jobs, according to a report about CFO “flight risk” from management consulting firm Russell Reynolds.

By Elizabeth Flood • Feb. 13, 2023

ASOS names second interim CFO amid turnaround plans

Online fashion retailer ASOS swapped interim CFOs as it attempts to fend off economic headwinds and boost profitability.  

By Grace Noto • Feb. 13, 2023

Credit Suisse reportedly pulls C-suite, banker bonuses

The Swiss bank is aiming to incentivize executives with long-term awards as it attempts to return to profitability. It reported its second consecutive annual net loss.  

By Grace Noto • Feb. 10, 2023

Middle market CFOs face revenue, spending dichotomy: study

Although a majority of middle market CFOs expect increased revenue in 2023, only 18% plan to increase spending to support that growth, according to a recent study.

By Elizabeth Flood • Feb. 10, 2023

Ratio Therapeutics CFO gets due-diligence ready

The new biotech firm’s CFO wants to make sure the young company is always able to answer questions potential investors may have.

By Maura Webber Sadovi • Feb. 9, 2023

How CFOs can combat inflation’s supply chain squeeze

Just-in-time inventory logic can appeal to boards. Michael Poveda argues CFOs should consider stockpiling inflation-sensitive products and materials.

By Michael Poveda • Feb. 9, 2023

CFOs urged to take front line leadership

Transitioning from a behind-the-scenes orchestrator to more of a front line role can help finance chiefs add further value to their companies, Customer.io CFO Zhi Li said.

By Grace Noto • Feb. 9, 2023