Leadership: Page 7
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Starbucks taps CFO for interim CEO in midst of leadership shift
Starbucks alum Rachel Ruggeri will step in as interim CEO as the coffee chain continues to fight labor activists and political protesters, leading to slumping sales.
By Grace Noto • Aug. 13, 2024 -
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M&A, vendor reliance help drive up ransomware threat: report
The financial severity of claims related to ransomware attacks increased more than 400% from 2022 to 2023, the study found.
By Alexei Alexis • Aug. 13, 2024 -
Explore the Trendline➔
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TrendlineCompensation: 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 -
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OpinionBolstering the CFO-CRO relationship to ensure AI investment returns
The CFO and CRO can serve as a crucial duo as organizations face pressure to launch revenue-generating AI projects, writes MinIO CFO Mark Khavkin.
By Mark Khavkin • Aug. 13, 2024 -
"U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
SEC slaps $3.5M fine on former Ideanomics CEO for alleged fraud
Since its inception in 2004, Ideanomics has switched its business model at least three times, from video on demand to petroleum trading products to electronic vehicle services.
By Jim Tyson • Aug. 12, 2024 -
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Fractional experts, AI can ease pressures on ‘overextended’ finance teams
CFOs need to bring flexibility to overburdened finance teams to navigate economic headwinds, Paro’s Michael Burdick said.
By Grace Noto • Aug. 12, 2024 -
"Royal Bank of Canada's global headquarters at 200 Bay Street in Toronto, Canada" by Francisco Diez is licensed under CC BY 2.0
RBC ex-CFO sues bank for $35.6M
Nadine Ahn and Ken Mason, another fired RBC exec, didn't have an affair, each said in court filings, contrary to a “clear insinuation” from the bank. Further, Ahn said she missed out on a path to CEO.
By Dan Ennis • Aug. 12, 2024 -
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Disney anticipates ‘flattish’ theme park revenues in Q4: CFO
Lower income consumers are “feeling a little bit of stress," while high income individuals are "traveling internationally a bit more,” CFO Hugh Johnston said.
By Alexei Alexis • Aug. 8, 2024 -
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CFOs must act as data, decision-making center: Pigment
CFOs need access to a wide range of data to ensure they can react speedily to market challenges, Pigment CEO Eleonore Crespo says.
By Grace Noto • Aug. 8, 2024 -
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AI prep is top challenge for companies drowning in ‘unstructured data’
The AI boom is forcing companies to consider data management upgrades, as some face budget constraints.
By Alexei Alexis • Aug. 7, 2024 -
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ZoomInfo shares plummet after weak quarter, CFO departure
ZoomInfo’s VP of FP&A will step in as interim CFO as the company turns to AI to bolster its financials after offering weak guidance.
By Grace Noto • Aug. 6, 2024 -
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Most big-company clawback policies go beyond SEC rules
Companies tend to want more executives to give back more types of compensation for more types of problems than what the government requires of them, an analysis finds.
By Robert Freedman • Aug. 6, 2024 -
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Warehouse robot momentum faces cost, ROI challenges
Companies that invest in the pricey technology may need to wait two to three years on average to see a return on investment, market analyst Ash Sharma said.
By Alexei Alexis • Aug. 6, 2024 -
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KPMG aims to bolster tech consulting position in Rhino.AI deal
The combination will help companies modernize their legacy IT systems with “faster time to value” and lower costs, according to Rhino.AI.
By Alexei Alexis • Aug. 6, 2024 -
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Tyson surprise chicken profit leads to ‘positive turnaround’
The meat processor’s focus remains on maintaining its financial strength after seeing a surprise $244 million profit for its chicken segment, interim CFO Curt Calaway said.
By Grace Noto • Aug. 5, 2024 -
Matt Kapko/CFO Dive
Insured loss impact could reach $1B following CrowdStrike outage
Guy Carpenter said it could be worse: Had the incident involved a ransomware attack, losses could have reached $2 billion.
By David Jones • Aug. 5, 2024 -
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Big tech banks on AI boom as infrastructure spending heads for trillion-dollar mark
“While we're investing a significant amount in the AI space and in infrastructure, we would like to have more capacity than we already have today,” Amazon CEO Andy Jassy said.
By Matt Ashare • Aug. 5, 2024 -
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6 out of 10 firms expect to hold finance staffing steady, study finds
While the majority of firms say they expect to hold staffing levels steady, competition for qualified professionals — especially controllers — is fierce, according to a recent Controllers Council survey.
By Chris Gaetano • Aug. 2, 2024 -
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Ex-Pizza Hut exec to take finance helm of Driven Brands
The transition comes as the automotive services leader is focused on accelerating growth while also generating cash flow.
By Alexei Alexis • Aug. 1, 2024 -
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Life Time Group interim CFO moves to permanent seat
The leadership announcement comes as Life Time reached a key “inflection point,” reporting $175.1 million in free cash flow for its most recent quarter.
By Grace Noto • Aug. 1, 2024 -
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Microsoft, Alphabet disappoint investors in latest earnings season
Wall Street is closely watching big tech companies to see if their heavy investments in artificial intelligence are paying off.
By Alexei Alexis • July 31, 2024 -
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Minnesota CPAs eye 2025 after 120-hour bill stalls
The bill would have allowed Minnesota CPAs to obtain a license with just 120 college credit hours — rather than the 150 hours now required.
By Maura Webber Sadovi • July 30, 2024 -
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BlackBerry promotes cyber finance chief to company CFO
The CFO shift comes as BlackBerry seeks $150 million in cost saving and proceeds with a separation plan for its IoT and cybersecurity divisions.
By Grace Noto • July 30, 2024 -
Courtesy of Joann
Joann CFO out amid leadership revamp
The crafts retailer, fresh out of bankruptcy, has brought on new executives in tech, operations and merchandising.
By Daphne Howland • July 30, 2024 -
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Startup focused on easing digital B2B payment pain points raises $9M
The move comes as digital payments among businesses are expected to surge in coming years, creating a complex new world with potential challenges for vendors.
By Alexei Alexis • July 30, 2024 -
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How the GenAI boom is impacting M&A deals
About eight in 10 dealmakers responding to a KPMG poll said that GenAI has had some effect on their M&A strategy.
By Alexei Alexis • July 30, 2024
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