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

Explore the Trendline➔

Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

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

CFOs eye hybrid office savings; firms grow in place

While some companies have sought to dump office leases, others are looking to keep a lid on costs by quietly accommodating more hybrid workers in existing space.

By Maura Webber Sadovi • April 18, 2022

PayPal CFO exits for Walmart

PayPal's CFO John Rainey said he would leave to join the retailer at the end of May. The exit follows a rough end to 2021 for the digital payments pioneer. One analyst said it wasn't a surprise after "a period of overpromising and under-delivering."

By Lynne Marek • April 13, 2022

Pfizer, Moderna tap new CFOs outside pharma

The changes in the COVID-19 vaccine-makers’ C-suites come as the recent easing of pandemic pressures will likely pave the way for more CFO and executive exits, one expert said.

By Maura Webber Sadovi • April 12, 2022

Twinkies-maker Hostess taps former Kraft Foods executive as CFO

As many companies are focusing on diversity, equity and inclusion (DE&I) initiatives, Travis Leonard is one of a recently growing but still small number of Black executives tapped to fill CFO seats at public companies. 

By Maura Webber Sadovi • April 11, 2022

Doudna's CRISPR biotech taps ex-Merrill banker as CFO

While initial public offerings in the Americas plummeted 72% during the first quarter, Elaine Sun believes strong companies can go public even in volatile markets.

By Maura Webber Sadovi • April 8, 2022

New Sigyn CFO maps Nasdaq uplist, shelf registration strategy

Sigyn's Jeremy Farrell is preparing to issue more shares even as some companies are shying away from tapping equity amid rising stock market volatility.

By Maura Webber Sadovi • April 7, 2022

Spencer Stuart's new CFO tracks Ukraine

Christine Laurens is now a three-time CFO even as women still only accounted for 15.1% of CFOs at major companies last year.

By Maura Webber Sadovi • April 4, 2022

Hardee's, Carl's Jr. parent names ex-Caribou exec as CFO

CKE is one of the latest quick service restaurant companies to launch a digital loyalty program, an offering that has emerged as a key area of competition. 

By Kaishi Chhabra • April 1, 2022

CFO scenario planning is key as Biden pushes 28% corporate tax rate

“The advice we’re giving people is to watch what the Build Back Better morphs into in 2022 and see if there’s momentum to push through those tax changes,” said PwC's Ken Kuykendall. 

By Maura Webber Sadovi • March 31, 2022

Geopolitical tensions, inflation dim CFOs' economic outlook: Deloitte

CFOs are entering 2022 with lower expectations for the economy and their business prospects, according to a Deloitte survey.

By Kaishi Chhabra • March 30, 2022

Crypto firm Abra's new CFO digs into war for talent

Justin McMahan joins a growing number of executives leaving more mainstream finance companies to helm the finances at crypto-focused firms.   

By Maura Webber Sadovi • March 28, 2022

How growth, inflation and access to capital will play off one another this year

The rise in prices is complicating CFOs' plans as they continue to focus on talent, transformation and growth as their strategic priorities. 

By Wes Bricker • March 25, 2022

Item 9 CFO relishes fight to normalize cannabis industry

"We have new problems to solve every day to normalize the industry and get it out of the back alley,” Item 9 Labs CFO Bobby Mikkelsen said.

By Maura Webber Sadovi • March 24, 2022

CRISPR pioneer's biotech taps ex-Barclays banker as CFO

Scribe Therapeutics was co-founded by Jennifer Doudna, who shared the 2020 Nobel Prize in Chemistry for the discovery of CRISPR, the genome editing technology.

By Maura Webber Sadovi • March 21, 2022

CarParts.com promotes CFO in C-Suite shakeup

With over 300,000 square feet of warehouse space coming online over the next two quarters and a record inventory level, the company is sticking with its strategy of loading up on products to win customers.

By Maura Webber Sadovi • March 17, 2022