Manufacturing CFO sentenced to 2 years for wire fraud

During six years as CFO of Chemstar Products, Gregg Johnson stole approximately $930,000 in company funds by issuing checks from the company’s bank accounts to cover personal expenses, including credit card and mortgage payments and his children’s college tuition.

By Jane Thier • Aug. 27, 2021

Releasing early pandemic guidance was a market decision, Johnson & Johnson CFO says

Joseph Wolk and the CEO considered the broader economic ramifications of punting on issuing a forecast.

By Robert Freedman • Aug. 26, 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

Meet Gen Z: How to lead the newest generation of accountants

Are you ready for Gen Z? Find out how to attract, engage and retain the industry's next generation of accountants.

By Megan Weis, VP & General Manager FAO Services, Personiv • Aug. 23, 2021

Amid continued growth, Petco promotes VP of finance to CFO

The retailer has sustained its rate of growth achieved in 2020, reporting that comp sales rose for the 11th consecutive quarter.

By Caroline Jansen , Jane Thier • Aug. 19, 2021

NBA CFO moves to A24, signaling possible sale

J. B. Lockhart's hire comes after the Oscar-winning film studio was rumored to be up for sale for as much as $3 billion.

By Jane Thier • Aug. 18, 2021

Target posts 9% traffic-driven comp sales, CFO says

"This year's performance has been growth on top of growth," CFO Michael Fiddelke says. "Typically, in retail, if you saw a large, mature company like ours growing at [this] rate, you'd assume we were comping over soft numbers from the prior year."

By Maria Monteros • Aug. 18, 2021

Following abrupt CEO departure, Binance.US CFO steps up

Joshua Sroge, CFO since January 2020, is one of the four-year-old firm’s longest-tenured employees. Binance.US is owned by Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume.

By Jane Thier • Aug. 17, 2021

Centene's Medicare CFO promoted to CEO

Rich Fisher's promotion comes weeks after Centene Corp. reported a $535 million quarterly loss but a 25% growth in its Medicare business. 

By Jane Thier • Aug. 16, 2021

Why CFOs speak to the press (and whether they should)

Finance chiefs' credibility, diligence and deep knowledge of the numbers make them ideal candidates for press interviews and company spokespeople, PR specialists say.

By Jane Thier • Aug. 13, 2021

Twitter FP&A head moves to Acorns pre-IPO

Rich Sullivan has stepped in as CFO of the robo-advisor after over two decades of public company experience, including at DreamWorks Animation, STX Entertainment and AT&T.

By Jane Thier • Aug. 11, 2021

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

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