Leadership: Page 86
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Merck CFO promoted to CEO
Frazier, who’s retiring after a three-decade career at Merck, will hand the reins to CFO Robert Davis at the end of June.
By Ned Pagliarulo • Feb. 4, 2021 -
Courtesy of Amazon
Amazon CFO allays investor concerns regarding Bezos, Jassy
On an earnings call Tuesday, Brian Olsavsky assured investors CEO Jeff Bezos is “not leaving” the company, and will maintain his hand in decision-making as executive board chairman.
By Jane Thier • Feb. 3, 2021 -
Explore the Trendline➔
iStock / Getty Images Plus via Getty Images
TrendlineDigital 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 -
Diverse CFOs could be heading into board-seat golden age
As companies try to meet ESG measures, and a likely Nasdaq rule, efforts to add women and minorities to boards are moving from talk to action, opening opportunities for finance executives.
By Robert Freedman • Feb. 2, 2021 -
JPMorgan controller named corporate and investment bank CFO
With Nicole Giles’ appointment, the firm’s two largest divisions will be led by female CFOs, according to an internal company memo obtained by CFO Dive.
By Jane Thier • Feb. 2, 2021 -
ESG, SPAC trends converge with AppHarvest capital raise
Following its entrance to the public market on Monday, former Impossible Foods CFO David Lee says the agricultural tech company has no intentions of being a “precious small player.”
By Jane Thier • Feb. 1, 2021 -
Permission granted by Seagen
How a venture capital CFO balances potential with reality
For Kairos Ventures CFO-COO Todd Thomson, maintaining profitability requires a precise mix of optimism and conservatism.
By Jane Thier • Jan. 29, 2021 -
COVID-19 driving PE investment in life sciences
Faster diagnostic and treatment development and more value-driven reimbursement methods point to robust opportunities, and valuations, for next several years.
By Robert Freedman • Jan. 29, 2021 -
CFO dual-tracked IPO, SPAC during pandemic
CuriosityStream settled on a SPAC deal that helped capitalize the Netflix competitor at more than $500M without debt.
By Robert Freedman • Jan. 28, 2021 -
CFO of National Republican Congressional Committee resigns
Robert Jentgens, who had led finance at the NRCC for nearly a decade, resigned after House lawmakers voted against certifying the presidential election and failed to condemn the insurrection, a source told CNN.
By Jane Thier • Jan. 28, 2021 -
Post-$50M raise, Hippeas hires former Essentia CFO
Alongside C-suite veteran Greg Buscher, the chickpea-based snack brand added investor and former PepsiCo and Mondelez executive César Melo to its board.
By Jessi Devenyns • Jan. 27, 2021 -
Moving toward an IPO, German mobile bank N26 hires CFO
Dr. Jan Kemper was behind the IPO of one of Europe’s most successful start-ups, online retailer Zalando, in 2014.
By Jane Thier • Jan. 26, 2021 -
For Spirit Airlines’ CFO, it all comes back to math
The pandemic was uniquely cruel to airlines, but Scott Haralson says the discount carrier is well positioned to get through the tough times.
By Jane Thier • Jan. 25, 2021 -
Daphne Howland/CFO Dive
Survey: 42% of retail CFOs expect to restructure as industry revenue declines persist
While struggles and distress abound, many retail CFOs are investing in e-commerce and other channels as the pandemic reshapes the industry, a BDO survey found.
By Ben Unglesbee • Jan. 25, 2021 -
Ahead of SPAC deal closure, David Lee says AppHarvest ‘will not miss a beat’
Lee, who spent five years as CFO of Impossible Foods, moved to the venture-backed agricultural tech startup shortly after its $28 million Series C round.
By Jane Thier • Jan. 21, 2021 -
Weis Markets picks K-VA-T executive as new CFO
Michael T. Lockard, who has also worked as a financial executive at Walmart and UPS, will join the company in March.
By Catherine Douglas Moran • Jan. 21, 2021 -
Yellen: Small business, COVID-19 aid more important than deficits right now
The Biden Administration wants to amend rather than repeal the 2017 tax law by eliminating some benefits to large companies and the highest-income taxpayers, the Treasury nominee said during her confirmation hearing.
By Jim Tyson • Jan. 20, 2021 -
Diageo North America finance chief promoted to CFO
Lavanya Chandrashekar will start as global CFO of London-based liquor company behind Johnnie Walker, Ketel One and Guinness on July 1.
By Jane Thier • Jan. 18, 2021 -
Courtesy of Affirm
Payments company CFO: We won’t work with partners ‘not aligned with our values’
Affirm went public on Wednesday, a week after the insurrection that has spurred many platforms to reassert their values.
By Jane Thier • Jan. 14, 2021 -
Christopher Doering/CFO Dive
How General Mills CFO prioritizes ESG
Sharing a headquarters city with the site of George Floyd’s killing, and working to provide food during a crisis, has made the company’s ESG commitment more than a feel-good effort, Kofi Bruce said.
By Jane Thier • Jan. 13, 2021 -
Deep Dive
2021 Outlook: Why, and how, the CFO should lead ESG efforts
This year, CFOs should prepare their companies for increased scrutiny on environmental, social and governance performance, if they haven’t already.
By Jane Thier • Jan. 12, 2021 -
Deep Dive
5 CFO trends to watch in 2021
Greater attention to ESG metrics, real-time data and the wind-down of LIBOR are among the trends you’ll see this year.
By Jim Tyson • Jan. 11, 2021 -
Middle market CFOs predict ‘extraordinary’ growth in 2021, survey finds
After an unprecedented year, CFOs anticipate recovery and new opportunities, the 2021 BDO Middle Market CFO Outlook Survey, released Monday, found.
By Jane Thier • Jan. 11, 2021 -
Top red flags CFOs accidentally raise on earnings calls
Transparency is typically the issue when finance leaders’ comments spark concern.
By Ted Knutson • Jan. 7, 2021 -
Starbucks hires 3rd CFO in 3 years
Rachel Ruggeri, who leads finance for Starbucks Americas, will succeed Patrick Grismer, effective Feb. 1.
By Emma Liem Beckett • Jan. 7, 2021 -
Impossible Foods CFO moves to AppHarvest
David Lee will join the developer and operator of large greenhouse farms to lead strategy as the company prepares to become publicly traded.
By Christopher Doering • Jan. 7, 2021
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