How one CFO used ERP to tackle COVID-19 testing

Updating Impact Health’s manual finance systems as demand for testing soared felt like “building a 747 in the air,” CFO Jennifer Herdler said.

By Maura Webber Sadovi • May 25, 2022

Moderna's CFO says scaling, hiring are constraints

David Meline, who joined Moderna as CFO in June 2020, was brought back within the week of his retirement earlier this month to replace the ousted Jorge Gomez.

By Maura Webber Sadovi • May 23, 2022

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

5 ways CFOs can mitigate retention issues to keep the great resignation at bay

Are CFOs stuck between a rock and a hard place regarding retention? Maybe not. Read five ways to help.

May 23, 2022

Clorox sheds suppliers as COVID-19 inches toward 'endemic phase'

“As that supply chain starts to level out, and we’re able to step out of some of those relationships with material suppliers, that also should reduce our cost,” Clorox CFO Kevin Jacobsen said on the company's third-quarter earnings call.

By Colin Campbell • May 20, 2022

How employers can help struggling hybrid workers

Employers can't just take one approach toward this issue but there are a number of ways to adjust old structures to new work realities.

By Ryan Golden • May 20, 2022

Half of companies didn't meet hiring goals last year: survey

Hiring may actually be harder for employers who are fully remote, the survey said.

By Kathryn Moody • May 19, 2022

Moderna may seek to claw back payments to ex-CFO

The vaccine-maker Moderna said it has the right to recoup any and all payments to ex-CFO Jorge Gomez if the company determines he engaged in any wrongdoing, according to an amended SEC filing Friday. An earlier filing said he would be provided a 12-month salary totaling $700,000 under a severance agreement.

By Maura Webber Sadovi • May 17, 2022

Wells Fargo taps wealth, investment management CFO to head advisory unit

The firm selected Sol Gindi, its CFO for wealth and investment management and former C-suite executive for JPMorgan's wealth management and consumer banking businesses, to replace Jim Hays as the head of Wells Fargo Advisors.

By Robin Bradley • May 17, 2022

Will Twitter CFO keep role in Musk-led scenario?

While Parag Agrawal referred to himself as a "lame-duck" CEO last week, the jury is still out as to whether Twitter finance chief Ned Segal will stay on if Elon Musk's deal to buy the social media giant closes.

By Maura Webber Sadovi • May 16, 2022

Wayfair CPO shifts to CFO, chief administrative officer role

HR pros, who often have strong leadership skills and high emotional intelligence, can be model candidates for C-suite roles, according to one executive search firm.

By Kate Tornone • May 16, 2022

4 reasons CFOs should lead the charge on the great resignation

Talent retention isn't just an HR problem, CFOs can have a huge impact as well. Read four reasons why.

May 16, 2022

Lessons from the M&A front lines

Early in the deal-making process CFOs should think big and prioritize but they also need to consider steps for setting the tone after the ink dries.

By David Roberson • May 13, 2022

Moderna CFO exits abruptly amid probe at former company

Jorge Gomez's departure came just one day after he took the reins as CFO of Moderna, which has become a household name due to the rapid development and success of its coronavirus vaccine. 

By Maura Webber Sadovi • May 11, 2022

Chipotle CFO doesn't rule out more food inflation despite pause

Finance chief Jack Hartung said the restaurant chain has raised prices by a total of about 10% for the 12 months through the first quarter compared to 2% in a typical year.

By Maura Webber Sadovi • May 10, 2022

With SEC's proposed climate rules, CFOs should listen to investors

A stakeholder-influenced materiality assessment will help business leaders comply with the SEC's proposed disclosure rules and focus their sustainability efforts.

By Donavan Hornsby • May 9, 2022

Judge dismisses class action against Wells Fargo, former CEO, ex-CFO

Investors led by a retirement fund for Hawaii state employees failed to prove the bank unjustifiably inflated loans, understated loss reserves or misstated its practices, a judge ruled Friday.

By Robin Bradley • May 9, 2022

Appointment of women to Fortune 500 boards hits record high

Boards have made strides toward greater diversity but still do not sufficiently represent some racial and ethnic groups, Heidrick & Struggles said.

By Jim Tyson • May 6, 2022

Skanska posts 21% dip in Q1 profits as CFO cites inflation

Skanska CFO Magnus Persson, while citing a drag from inflation, identifies infrastructure spending as a future bright spot.

By Zachary Phillips • May 6, 2022

Halliburton picks company veteran for CFO spot

The oil field services giant is "appropriately viewed as a major beneficiary" of rising fossil fuel prices and oil field activity, according to a report from Cowen analysts.

By Maura Webber Sadovi • May 3, 2022

Global minimum tax compliance to take 'significant' company resources

Forty percent of businesses surveyed by EY have considered adding headcount, outsourcing tax department operations and investing in new technology to meet BEPS 2.0 requirements.

By Maura Webber Sadovi • May 2, 2022

New McCarthy CFO: Jobs crisis industry's 'biggest challenge'

Kristine Newman, recently promoted to the CFO seat at the St. Louis-based contractor, said she believes building a unified front is key to combating the labor shortage.

By Zachary Phillips • April 28, 2022

Hiring, strategizing compete for CFO time: survey

Eighty-eight percent of CFOs at private-equity backed companies surveyed said they underestimated the time it would take to migrate financial and accounting processes to a state-of-the-art enterprise resource planning system (ERP) and software stack.

By Maura Webber Sadovi • April 28, 2022

Mega-cap CFOs in high demand as IPOs, retirements thin supply

"The increased use of cash over equity in compensation packages is a sign that CFOs are in demand as companies would typically rather give equity," according to Robert Lamp of Korn Ferry. 

By Maura Webber Sadovi • April 26, 2022

SEC alleges Brazilian ex-CFO planted false Berkshire Hathaway story

Fernando Passos used a fabricated shareholder list and a fake email as part of a scheme to bolster his false Berkshire Hathaway claim and pump up IRB's flagging stock, according to the complaint.   

By Maura Webber Sadovi • April 20, 2022

Pay, health benefits beat flexible work in winning new hires

While employees are swayed most by pay and bonuses, an increasing percentage of workers said healthcare and retirement benefits are key to whether they stay or go, a survey found.

By Maura Webber Sadovi • April 18, 2022