Leadership: Page 56
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GM hit by supply chain issues, remains optimistic for vehicle demand, pricing
Detroit automaker General Motors saw its net income drop 40% amid supply chain challenges, inflation and geopolitical conflict, but the company remains optimistic regarding vehicle demand and pricing.
By Grace Noto • July 26, 2022 -
Retired PwC vet appointed CFO of Sierra Madre
Fresh from its recent acquisition of a high-grade mine in Mexico’s silver belt, Sierra Madre has appointed Kenneth Scott, formerly a partner at PwC, as its new CFO.
By Elizabeth Flood • July 26, 2022 -
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 -
Gartner: CFOs likely to reduce sustainability spend before talent development, tech
Economic pressures could lead CFOs to cut down on investments in sustainability despite a growing executive focus on ESG, Gartner finds.
By Grace Noto • July 25, 2022 -
Police equipment-maker Wrap taps new CFO
Wrap Technologies expects demand for non-lethal law enforcement tools to grow as communities seek more hands-off and compassionate policing practices in the wake of the murder of George Floyd.
By Maura Webber Sadovi • July 25, 2022 -
Companies can benefit from employee recognition programs: Gallup
Training managers to publicly acknowledge employees for who they are and what they do could save a 10,000-employee company up to $16.1 million in turnover costs annually.
By Elizabeth Flood • July 25, 2022 -
Coca-Cola CFO to take on additional role as president
Coca-Cola CFO John Murphy will also serve as company president following retirement of current president Brian Smith.
By Grace Noto • July 22, 2022 -
Loop: Why CFOs must craft strong relationships to foster growth
Building out strong internal relationships with key individuals is essential for CFOs as their roles continue to transform, said Valerie Bauer Gore, CFO of post-purchase software provider Loop Returns.
By Grace Noto • July 22, 2022 -
NBCUniversal Peacock CFO to transition to MariaDB
Christine Napoli, a 25-year NBCUniversal veteran, will take on the financial helm at open source software firm MariaDB as the company gears up to go public via SPAC offering.
By Grace Noto • July 21, 2022 -
Netflix marches forward with paid sharing among changing subscription market
The streaming service pinched off its subscriber bleed and is trialing several features to bolster revenue, including paid sharing and advertising features.
By Grace Noto • July 20, 2022 -
PetMed Express swaps out long-time CFO
PetMed Express will swap out its CFO of 21 years in favor of new blood, with RealNetworks CFO Christine Chambers set to take on the company’s top financial role.
By Grace Noto • July 19, 2022 -
Q&A
Unpacking crypto and FASB’s new priorities with Richard Jones
The Financial Accounting Standards Board Chair Richard Jones discussed the organization’s agenda, a possible quick fix and the accounting topic that finally trended on social media.
By Maura Webber Sadovi • July 18, 2022 -
Twitter suit details CFO, CEO caught in Musk crossfire
Twitter’s complaint paints a picture of senior executives under pressure as they seek to cooperate with and provide information to a mercurial buyer.
By Maura Webber Sadovi • July 13, 2022 -
Sponsored by Planful
Trailblazing CFOs are turning rampant uncertainty into opportunity
It’s clear that the CFOs who take a creative and nimble approach to operating their businesses will continue to fare better than those taking the more classic, slightly deliberate and conservative approach of even the more “modern” CFOs.
By Dan Fletcher, CFO, Planful • July 12, 2022 -
Long-time Vail CFO, key to acquisitions, exits
Vail CFO Michael Barkin is stepping down, as the company's new CEO has shifted the resort operator's focus to better support employees, amid worker shortages.
By Maura Webber Sadovi • July 11, 2022 -
Brainard urges more oversight of crypto
The Federal Reserve vice chair on Friday said the May collapse of the Terra stablecoin, which wiped out millions of dollars in a matter of days, was “reminiscent of classic runs throughout history.”
By Anna Hrushka • July 11, 2022 -
Twitter CFO retweets board plan to enforce Musk deal
Experts have differed as to whether Twitter CFO Ned Segal would remain at the company in a Musk-led scenario.
By Maura Webber Sadovi • July 10, 2022 -
GameStop ousts CFO, taps former interim finance chief
Michael Recupero’s exit could be a signal that GameStop’s effort to “Amazon-ify” its business isn’t working.
By Maura Webber Sadovi • July 8, 2022 -
Opinion
Don't abandon stablecoins over Terra, CFO says
Fintechs and financial services players will "be the driver of innovations and regulations that enable stablecoins, crypto and other digital assets to scale," argues Metallicus Chief Financial Officer Irina Berkon.
By Irina Berkon • July 8, 2022 -
Advent's Maitland predicts CFOs will return to convertible bonds
Global convertible bond issuance volumes posted a record slow first half, plummeting nearly 90% year-over-year to $11 billion, according to a Bank of America report.
By Maura Webber Sadovi • July 7, 2022 -
Binance.US snares former PayPal CFO for future IPO
PayPal alum Jasmine Lee will head up the financial team for cryptocurrency exchange Binance.US as it continues to chart a course to an IPO among a roiled market.
By Grace Noto • July 7, 2022 -
Former Dallas CFO takes on top finance position at transit system
Former Dallas city CFO Elizabeth Reich will take on the top financial role for Dallas Area Rapid Transit one month after resigning from her city post.
By Grace Noto • July 6, 2022 -
BNY Mellon poaches new CFO from Goldman Sachs
BNY Mellon’s pick of Dermot McDonogh as CFO comes just months after the bank announced Robin Vince would succeed CEO Todd Gibbons, who is retiring.
By Maura Webber Sadovi • July 6, 2022 -
U.K. value retailer B&M swipes UBS, Citi alum to serve as CFO
U.K.-based retail chain B&M European Value Retail is tapping Mike Schmidt to serve as CFO and executive director as top companies pull out more incentives to snare financial executives.
By Grace Noto • July 5, 2022 -
Chicago woos out-of-state execs with post-Roe letters
Chicago economic development officials, often forced to fend off concerns around crime and high taxes, quickly launched an offense touting its advantages to business, executives and their employees in a post-Roe world.
By Maura Webber Sadovi • July 1, 2022 -
Cutting commodities as inflation hedge now 'team sport': Chatham
Companies are moving to reduce their commodities exposure to hedge against spiking inflation and recession fears, but doing so successfully means thinking about this as a “team sport,” Amol Dhargalkar, chairman of the board for Chatham Financial, said.
By Grace Noto • June 30, 2022