Uber competitor Bolt appoints new CFO

As the Estonian ride-hailing company looks ahead to an IPO in 2025, Mikko Salovaara, former CFO of Revolut, takes the financial helm.

By Elizabeth Flood • July 6, 2023

M&A plunges 37% during first half of 2023: WTW

Buyers facing tight credit and high interest rates will subject potential acquisitions to intense scrutiny in coming months, WTW said.

By Jim Tyson • July 6, 2023

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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

Trackable ads trump swag as budgets tighten

Marketing spending is facing higher scrutiny as CFOs push trackable advertising over broad brand campaigns.

By Suman Bhattacharyya • July 6, 2023

How to position your organization ahead of FTC’s noncompete rule

Even without knowing what the Federal Trade Commission's final noncompete ban will look like, there are steps GCs can take to be ready.

By Robert Freedman • July 6, 2023

Auddia CFO steps down after a five month stint

Timothy Ackerman is departing from his role as CFO of the AI platform after being appointed in February.

By Elizabeth Flood • July 5, 2023

Some Fed officials favored hiking rates in June

In order to curb inflation, the central bank may need to maintain high borrowing costs longer than predicted by financial markets, Kansas City Fed economists said. 

By Jim Tyson • July 5, 2023

CFOs shouldn’t let high rates hold them back

A capital project that automates a business can yield a positive discounted investment return, Bill Fink asserts. When rates do come down, CFOs can refinance the debt.

By Bill Fink • July 5, 2023

Enovix taps semiconductor exec for CFO

The new finance chief was named just days after the Fremont, California-based company said it had received a purchase order to produce battery cells for the U.S. Army.

By Maura Webber Sadovi • June 30, 2023

Sustainability can boost bottom line: Brand Finance

Companies that fail to live up to consumers’ perceptions of their ESG performance put hundreds of millions in value at risk, according to Brand Finance.

By Jim Tyson • June 30, 2023

Disney: the ‘Game of Thrones’ C-suite

Christine McCarthy left the CFO seat for a family medical leave of absence, but there may be more to the story, according to a Stanton Chase exec.

By Elizabeth Flood • June 30, 2023

CFOs trim growth estimates amid credit squeeze: Fed

The extent of credit tightening triggered by turmoil in the banking system in March is unclear, according to the Federal Reserve.

By Jim Tyson • June 29, 2023

‘More restriction coming’ from Fed rate hikes: Powell

The Federal Reserve will probably not succeed in tamping down inflation to its 2% goal until 2025, Fed Chair Jerome Powell said.

By Jim Tyson • June 28, 2023

Insufficient staff, outdated processes expose firms to risk: survey

Only 37% of surveyed respondents believe that their organizations have sufficient staffing to properly run compliance programs and internal controls, FloQast found in a recent survey.

By Elizabeth Flood • June 28, 2023

Harley-Davidson picks insider for CFO

Jonathan Root is taking the Milwaukee, Wisconsin-based company’s finance reins amid a slump in sales of its iconic motorcycles. 

By Maura Webber Sadovi • June 28, 2023

Bridgewater’s Karniol-Tambour calls for more quantitative tightening

“Stickier than expected” inflation is bad for both stocks and bonds, Karniol-Tambour asserts.

By Suman Bhattacharyya • June 28, 2023

Pricefx CFO stresses diversification in business funds

In a post-SVB world, diversifying funds is key to a healthy business, according to CFO Gillian Sheeran.

By Elizabeth Flood • June 27, 2023

KPMG cuts about 1,900 more US jobs

The layoffs will include cuts in its audit business — a notable shift given the company and the industry have recently struggled with accounting talent shortages.

By Maura Webber Sadovi • June 27, 2023

‘Stalling’ economy will fall into recession in Q4: Fannie Mae

The Fed will likely trigger a downturn as it sustains high interest rates to cool the labor market and curb inflation, Fannie Mae said.

By Jim Tyson • June 26, 2023

SEC puts SolarWinds CFO on notice in cyberattack probe

The news underscores the growing legal exposure that CFOs have as they are increasingly expected to take on broader remits of responsibilities — including technology.

By Maura Webber Sadovi • June 26, 2023

Papa John’s taps Nike exec for CFO

Ravi Thanawala takes on his new role next month as the company seeks to open more locations.

By Elizabeth Flood • June 26, 2023

Build a winning strategy with an integrated transformation approach

Integrated transformation approaches modernize client operations and ensure that proposed solutions are implemented as planned. 

By Arvind V. S. • June 26, 2023

Treasurers trim cash allocations to banks: AFP survey

This year big companies cut back their bank deposits and allocated more of their short-term cash to government security-backed funds.

By Chris Gaetano • June 23, 2023

Accountants need to advance ‘social agenda’: ACCA

The accounting profession should not delay in helping ensure a “just transition” and promoting social welfare, the ACCA said.

By Jim Tyson • June 23, 2023

B2B must embrace digital payments

“B2B organizations have been slow to adapt to the changing demands and expectations of Gen Z,” writes a payments company vice president. “This is a huge mistake, and it can cost them dearly in the long run.”

By Justin Main • June 23, 2023

SEC General Counsel defends climate risk disclosure rule

Republican lawmakers accused the SEC’s top attorney of stonewalling requests for information on the agency’s regulation and enforcement.

By Jim Tyson • June 22, 2023