Strong demand helps Brown-Forman thwart high materials costs

The company’s CFO touts demand for high-end spirits products and the return of pre-pandemic travel that helped boost profit 36% year over year.

By Suman Bhattacharyya • June 8, 2023

California lawmaker weighs in on FASB crypto proposal

Sherman, a ranking member of the House Financial Services’ Subcommittee on Capital Markets, has sought to ban crypto — which he has called “an electronic pet rock.”  

By Maura Webber Sadovi • June 8, 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

Cyber startup DTEX snatches ‘high-growth’ CFO

The appointment will support DTEX’s growth trajectory amid rising demand for its insider risk management services, the company said.

By Alexei Alexis • June 8, 2023

Down rounds could be ‘lightning rod’ for CFO action

Despite their stigma, down rounds can help CFOs get the financial buffer they need to weather economic dips and set the company back on a course toward growth.  

By Grace Noto • June 8, 2023

Couche-Tard names new CFO

Filipe Da Silva, who has served as senior vice president of finance since March, will succeed Claude Tessier, who is retiring on July 1.

By Brett Dworski • June 8, 2023

Crypto heavy hitters largely back FASB fair-value fix

The support that the proposed accounting change has drawn from many crypto companies contrasts with the history of tension between the young sector and regulators.  

By Maura Webber Sadovi • June 7, 2023

SMBs expect 14% boost in finance tech spend on average

The need for consolidation, automation or better data is a top factor driving the spending increase, followed by a need to strengthen business value and a desire to generate growth amid macroeconomic pressures. 

By Alexei Alexis • June 7, 2023

CFO-CIO teamwork key to IT spend results: Gartner

Digital investments tend to require a high level of collaboration due to their complexity and cross-functional nature, says Gartner analyst Emily Riley.

By Alexei Alexis • June 6, 2023

Chemours Company CFO resigns

The CFO swap comes days after Chemours announced it would funnel $592 million into a settlement fund aimed at resolving claims regarding hazardous “forever chemicals” contaminating U.S. water systems.   

By Grace Noto • June 6, 2023

Many AI early adopters struggle for success: report

Only 45% of respondents said their organization’s AI investments have led to a successful business impact, a Boston Consulting Group survey found.

By Alexei Alexis • June 6, 2023

Job creep reroutes path to CFO seat

As the path to the CFO seat branches off from the traditional accounting lane, questions about how to find — and train — the next generation of financial leaders are emerging.

By Grace Noto • June 5, 2023

Cybercriminals target C-suite, family members with sophisticated attacks

A study by BlackCloak and Ponemon shows senior executives are being targeted for IP theft, doxxing and extortion, often through home office networks.

By David Jones • June 5, 2023

Pay transparency cuts turnover risk — except for Gen Z

Younger workers are less knowledgeable about how pay is determined and more likely to consider leaving a company if they are not being shown that they are valued, according to the Payscale report.

By Maura Webber Sadovi • June 2, 2023

Salesforce North America unit takes ‘brunt’ of revenue slowdown

The cloud software company’s revenue growth slowed in the U.S. during the first quarter of its fiscal year 2024 while expanding in other parts of the world, its CFO said.

By Alexei Alexis • June 1, 2023

Dwolla appoints new CFO following boost in partner ecosystem

The cryptocurrency, bank and card network alum will take on Dwolla’s CFO chair as the company, which also appointed two new members to its board, looks to capitalize on rising A2A payments demand.  

By Grace Noto • June 1, 2023

Newly-minted Alation CFO shares lessons learned from Peloton

One month after joining Alation, former Peloton CFO and investment banking alum Jill Woodworth told CFO Dive what she’s bringing from past experiences to her new role.

By Elizabeth Flood • June 1, 2023

Use case is key in getting started with AI: Gartner analyst

While generative AI holds immense promise, some use cases in the short term may be too risky without careful “stress testing,” says Gartner analyst Arun Chandrasekaran.

By Alexei Alexis • May 31, 2023

Prudential PLC CFO resigns amid recruiting conduct probe

The Hong Kong, China-based insurer said its CFO “fell short” of the high standards that Prudential PLC sets and expects all of its colleagues to adhere to.

By Maura Webber Sadovi • May 31, 2023

Struggling biotech reups support for CEO-CFO

Exicure’s newly-minted CEO-CFO is attempting to find new potential partners and explore other avenues of growth to right the course of the struggling biotech.

By Grace Noto • May 31, 2023

Wayfair exec heads to Pinterest as CFO

Roughly three months after Pinterest CFO Todd Morgenfeld announced his departure, the craft-focused social media company has hired Julia Brau Donnelly to take the helm.

By Elizabeth Flood • May 31, 2023

Nestlé poaches LSEG CFO amid sector churn

Two consumer goods giants announced CFO exits Tuesday. Only Nestlé named a successor.

By Maura Webber Sadovi • May 30, 2023

CFO turned VC puts investment focus on discipline

In this new venture environment, having a disciplined approach to scale is critical, former CFO turned VC partner Marc Stoll said.

By Grace Noto • May 30, 2023

Accessible tech advocate Haben Girma gets CFO audience

Girma, the first blind and deaf woman to graduate from Harvard, is set to speak at Gartner’s 2023 CFO & Finance Executive Conference.

By Alexei Alexis • May 30, 2023

Accounts payable shouldn’t be a cost center

CFOs are under growing pressure to drive efficiencies at zero cost. Leveraging intelligent automation to process invoices can help, Steven Cronin writes.

By Steven Cronin • May 26, 2023

Workday CFO stepping down, former Apple exec to take over

Barbara Larson, Workday’s current finance chief, will be replaced by Zane Rowe, who most recently served as CFO of VMware and previously did a stint as an Apple sales executive.

By Alexei Alexis • May 26, 2023