CFOs edge out, merge with COOs

The CFO’s role has blended with that of a chief operating officer’s typical responsibilities, Trintech CEO Darren Heffernan said.

By Grace Noto • Aug. 27, 2024

Bitcoin miner TeraWulf CFO targets AI-driven data centers

The Maryland-based bitcoin miner is pivoting to tap its power infrastructure to serve high-performance data centers that companies need to run AI systems.

By Maura Webber Sadovi • Aug. 27, 2024

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

Don’t over-budget for digital transformation in 2025

Every transformation should include a robust and detailed business case with defensible and realistic numbers, writes ISG’s Jon Lightman.  

By Jon Lightman • Aug. 27, 2024

Apple taps insider to succeed longtime CFO Luca Maestri

The Cupertino, California-based tech giant said Kevan Parekh — its VP of financial planning and analysis — would become CFO as part of a “planned succession.”

By Maura Webber Sadovi • Updated Aug. 27, 2024

External CFO hires hit 10-year high

The uptick in companies looking outside their ranks for finance chiefs suggests a lack of succession planning, Crist Kolder's Josh Crist said.

By Maura Webber Sadovi • Aug. 26, 2024

Prepping for the internal audit, CFO ‘inflection’ point

Internal auditors are joining the CFO as strategic business leaders, according to a Protiviti report.  

By Grace Noto • Aug. 23, 2024

Target CFO says GenAI tool is boosting worker efficiency

The chatbot, which helps Target’s team members resolve on-the-job challenges, is making it easier and faster to assist customers, CFO Michael Fiddelke said. 

By Alexei Alexis • Aug. 22, 2024

Longtime Zoom Video CFO to step down

Kelly Steckelberg is leaving the video conferencing platform after seven years as CFO.

By Grace Noto • Aug. 22, 2024

US M&A deal value jumped to $124B in July

A total of 141 U.S. deals were recorded last month, a 33% increase compared with June, according to EY data.

By Alexei Alexis • Aug. 21, 2024

FTC exceeded its authority with noncompete ban, judge says

The agency’s rulemaking under Sec 6(g) of the FTC Act is procedural, not substantive, Judge Ada Brown of Texas federal court says, blocking a nationwide rule that would have taken effect shortly.

By Robert Freedman • Aug. 21, 2024

Dentsply initiates CFO search following layoffs, restructuring

Glenn Coleman is leaving as the dental supply company struggles to regain its footing after a 2022 accounting probe uncovered ethical violations by ex-CFO Jorge Gomez.

By Grace Noto • Aug. 20, 2024

47% of US firms suffered data breach resulting in severe financial loss

The study comes as the global average cost of a breach has hit nearly $4.9 million this year, according to an IBM estimate.

By Alexei Alexis • Aug. 20, 2024

AI spurs widespread ROI confidence: KPMG

Companies “are moving from experimenting with the technology to really starting to put expectations on it,” KPMG’s Per Edin said.

By Alexei Alexis • Aug. 20, 2024

Guess CFO resigns after one year

The finance chief’s abrupt departure comes on the heels of the apparel manufacturer’s deal earlier this year to buy the trendy fashion brand Rag & Bone.

By Maura Webber Sadovi • Aug. 19, 2024

RBC doubles down on its portrait of ex-CFO’s firing

The bank detailed mementos and texts Nadine Ahn and another exec exchanged, a promotion plan called “Project Ken” and a time when Ahn fired an employee in a “substantively identical” situation.

By Dan Ennis • Aug. 19, 2024

Applied finance AI: unlocking transformation across the office of the CFO

Early AI tools fell short for Finance. Next-gen applied, purpose-built AI solutions unlock true value and widespread adoption.

Aug. 19, 2024

Building constructive partnerships to drive digital transformation

Effective digital transformation today means making a much deeper commitment than just buying a new IT product or upgrade, AICPA’s Tom Hood writes.

By Tom Hood • Aug. 16, 2024

To drive AI efficiency, CFOs must focus on its ‘fuel’: OneTrust

As the AI age dawns, CFOs need to be sure they’re focusing on what actually makes that technology tick — data, CFO Guido Torrini says.

By Grace Noto • Aug. 16, 2024

Walmart used AI to crunch 850M product data points and improve CX

“We're finding tangible ways to leverage generative AI to improve the customer, member and associate experience,” Walmart CEO Doug McMillon said.

By Bryan Wassel • Aug. 15, 2024

Cisco plans to cut 7% of workforce amid AI push

The tech giant is “shifting hundreds of millions of dollars” into artificial intelligence and other growth areas of its business, CEO Chuck Robbins said.

By Alexei Alexis • Aug. 15, 2024

Skanska hires new CFO

Jonas Rickberg is currently CFO at Swedish truck maker Scania Group.

By Zachary Phillips • Aug. 15, 2024

Women rise to five-year high in CFO appointments

Accenture, Ford and Google parent Alphabet are among companies that have appointed women to top finance posts this year.

By Alexei Alexis • Aug. 14, 2024

Chipotle CFO postpones retirement; stays on in president role

Jack Hartung will stay on to help advise Chipotle’s leadership following Brian Niccol’s planned jump to Starbucks.

By Grace Noto • Aug. 14, 2024

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

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