Ares CFO-COO fired for inappropriate conduct

The same day Michael McFerran was removed for “inappropriate personal relationships” with employees, the capital markets firm promoted its chief accounting officer, Jarrod Phillips, to CFO.

By Jane Thier • Aug. 10, 2021

Albertsons taps former Best Buy exec as CFO

Sharon McCollam is coming out of retirement to assume the role, which will put her in charge of areas including corporate strategy, supply chain operations and information technology in addition to finance.

By Sam Silverstein , Catherine Douglas Moran • Aug. 10, 2021

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

CFO credits operational mindset for finance success

Finance executives should embrace the operational side of business in as many industries as possible to achieve a CFO mindset, says former Mattel CFO Joe Euteneuer.

By Robert Freedman • Aug. 9, 2021

Ahead of potential IPO, Impossible Foods promotes chief accountant to CFO

David Borecky, a former executive at Square and Stripe, oversaw $700 million in capital raises to help the company grow its footprint during the pandemic.    

By Jane Thier • Aug. 9, 2021

Lockheed Martin CFO abruptly departs; treasurer steps in

Ken Possenriede, a 34-year company veteran, announced his retirement in a two-sentence email to CEO Jim Taiclet on Tuesday, a week after the defense contractor reported missed estimates in the second quarter.

By Jane Thier • Aug. 4, 2021

Mosaic CFO thrives in unfamiliar environments

Melissa Ballenger says her growth as a finance professional moves in lock-step with the novelty of the challenges she confronts.

By Robert Freedman • Aug. 3, 2021

Zocdoc taps Morgan Stanley exec as CFO

After over two decades as head of Americas Technology Banking at Morgan Stanley, Edward Liu will oversee all of the New York-based digital healthcare marketplace’s finances.

By Jane Thier • Aug. 2, 2021

Hilton CFO: 'We're not big believers in new normals'

Despite a colossal labor shortage, Kevin Jacobs predicts both business and leisure travel will rebound in short order, he told analysts Thursday.

By Jane Thier • July 30, 2021

CFOs called key to setting comparables in SPAC warrant valuations

The goal is to find comparables that accurately reflect the lowest possible volatility level of the target company’s warranty valuation.

By Robert Freedman • July 30, 2021

Ahead of massive spinoff, XPO Logistics names third CFO in 2 years

Deputy CFO Ravi Tulsyan is succeeding David Wyshner, who has been CFO for just over a year. The move comes days before XPO is set to spin off its contract logistics business.

By Jane Thier • July 29, 2021

Mergers could hit rep and warranty insurance snag

Deals increasingly have to fit squarely in carriers' preferred underwriting bucket to get covered, specialists say.

By Robert Freedman • July 29, 2021

Back-office investment as equity value drivers

Jobcase CFO Beth Clymer doesn’t let the desire to hold down costs trump the scaling that flows from high-functioning accounting and planning teams. 

By Robert Freedman • July 29, 2021

Duolingo CFO credits operational discipline on IPO day

"The stock price is always going to do what the stock price does," CFO Matt Skaruppa told CFO Dive on opening day. "We've released it to the market; we can no longer control it. But we're really excited."

By Jane Thier • July 28, 2021

Utz promotes VP of finance, accounting to CFO

With the creation of a COO role and appointment of a new CFO and Chief People Officer, the snack maker continues a rapid makeover of its executive office while growing its portfolio through acquisitions. 

By Christopher Doering • July 26, 2021

Data, communications pose hidden scaling costs

Companies that avoid fragmented analytics and inconsistent internal engagement can keep operations aligned with growth, executives say.

By Robert Freedman • July 26, 2021

Subscriptions are set to boom in Latin America

Growing consumer credit options, cloud adoption and accommodation of local currencies are paving the way for continued SaaS growth post-pandemic.

By Adonay Cervantes • July 23, 2021

Companies flush with capitalization options

A heady environment for both public and private investment is on track to continue, according to a KPMG analysis.

By Robert Freedman • July 22, 2021

J&J predicts faster coronavirus vaccine sales amid debate over boosters

The pharmaceutical company expects $2.5 billion in sales from its shot this year, its CFO told analysts, despite concerns over protection against variants and significant manufacturing setbacks.

By Ned Pagliarulo , Jane Thier • July 21, 2021

Why a startup went straight to full-scale ERP, shared-services center

When Pedro Barros, finance chief of workforce software company Remote, implemented his team's systems, he bypassed the typical piecemeal approach and kept his eye on global ambitions.

By Robert Freedman • July 21, 2021

Making FP&A more business relevant

Financial planning and analysis teams work best when they know the operational side of things, say CFOs who've built or rebuilt the function recently.

By Robert Freedman • July 20, 2021

ExxonMobil taps outsider as CFO

Kathryn Mikells will take the finance reins at the energy giant amid pressure from investors to transition away from fossil fuels and towards renewable energy.

By Jane Thier • July 19, 2021

CFOs working around cost pressures, labor availability

CFOs' biggest concern is labor shortages, which could cost the U.S. $35 billion in lost revenue, according to Duke University's quarterly CFO survey. 

By Jane Thier • July 19, 2021

CFO brings GE steadiness to tech world

Nathan Winters of Zebra Technologies moved from audit to FP&A on his ability to execute; now he’s leveraging that background in a markedly different context.

By Robert Freedman • July 19, 2021

For this micromobility CFO, the future is collaborative

“I don’t think anyone in micromobility should dismiss the heavyweights in traditional transportation and fuel industries,” Michael Grillo, CFO of Swiftmile, said. “Changing infrastructure will require all of us to work together to build what the next century will look like.”

By Jane Thier • July 15, 2021

Taking the communications path to CFO

CFO and board professional Jennifer Ceran tackled her biggest problem — communications — early on so she could leverage her natural math skills.

By Robert Freedman • July 15, 2021