Strategy & Operations: Page 29


  • A Beyond Meat double cheeseburger with a toothpick flag of the company's logo sits on a counter.
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    Courtesy of Beyond Meat
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    Beyond Meat CFO plans turnaround as revenue falls

    The maker of plant-based meat reported a 15.7% year-over-year revenue drop as inflation and shrinking demand weighs heavily on the sector.

    By May 11, 2023
  • Nordstrom Rack, at Codding Town, Bend, Oregon
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    Daphne Howland/CFO Dive
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    Former Target CFO heads to Nordstrom

    Cathy Smith, most recently chief financial officer at Bright Health Group, is taking the job left open by Anne Bramman last year.

    By Daphne Howland • May 11, 2023
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    lorozco3D via Getty Images
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    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
  • Save money concept.Cutting costs. Financial themes.US$100 US Dollars. Economic crisis, deflation.Financial constraints.Cut budget inputs.Discounted products
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    Huang Evan via Getty Images
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    Inflation eases yet persists at more than twice Fed target

    Core inflation, which excludes food and energy prices, remains high despite 10 consecutive increases in the federal funds rate since March 2022.

    By May 10, 2023
  • Image of business people walking past building with Wall Street sign.
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    Spencer Platt via Getty Images
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    Burying bad 8-K news raises red flags

    Researchers assert some companies “strategically” divert investor attention from negative SEC filings by issuing concurrent press releases on unrelated matters.

    By May 10, 2023
  • The New York Times Company HQ
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    Michael M. Santiago via Getty Images
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    New York Times promotes strategy officer to CFO

    CFO Roland Caputo announced his retirement from the company back in December 2022. Now, the company is looking to another long-time employee to fill his shoes.

    By Elizabeth Flood • May 10, 2023
  • A man and woman looking at receipts inside a cafe
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    Ridofranz via Getty Images
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    Small business optimism, spending plans slump: NFIB

    A pullback in credit is prompting owners of small businesses to scale back plans for capital expenditures during the next six months.

    By May 9, 2023
  • A customer service or call center employee sits at a desk while using a laptop, headset with microphone and monitor.
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    alvarez via Getty Images
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    Companies to reimagine workflow: survey

    Only about one in three companies polled in a WTW survey gave themselves good marks for effectively managing changes in work dynamics such as digitalization.

    By Elizabeth Flood • May 9, 2023
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    iStock / Getty Images Plus via Getty Images
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    FP&A tech provider Firmbase closes $12M seed round

    The infusion of cash is expected to boost R&D investments for the company’s financial planning and analysis tool, including in the area of generative AI.

    By May 9, 2023
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    OlyaSolodenko/iStock via Getty Images
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    Banks expect to tighten credit throughout 2023: Fed

    A pullback in bank credit that began in 2022 has accelerated since a flare-up in financial sector instability started in March.

    By May 8, 2023
  • Group of business people are having a business meeting in a meeting room in a modern office working space.
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    recep-bg via Getty Images
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    Entrepreneurial mindset drives growth: ex-Poshmark CFO

    When it comes to growing a business of any kind, thinking like a founder is key, regardless if you are one or not, former Poshmark CFO Kapil Agrawal said.

    By Elizabeth Flood • May 8, 2023
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    kali9 via Getty Images
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    Q&A

    Vendavo CFO: how to solve price puzzles

    Vendavo’s Dayton Kellenberger said technology has accelerated how quickly price-volume-mix analyses can be completed, enabling CFOs to make adjustments in real-time.

    By May 8, 2023
  • Business People working around two desktop computers.
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    Permission granted by Planful
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    Sponsored by Planful

    3 tips for CFOs to help their business attain its full potential

    Today's CFOs must be prepared to confidently navigate these shifting tides with adaptability and resilience.

    By Dan Fletcher, Planful CFO • May 8, 2023
  • Appl
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    Eric Thayer via Getty Images
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    Apple CFO touts record service revenue as sales decline

    Among Apple’s services offerings, growth areas include Apple Card, Apple Pay and cloud services.

    By May 5, 2023
  • First Republic Bank logo
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    Spencer Platt via Getty Images
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    CFOs brace for tighter times as credit dries up

    As difficult as the financing environment is right now, Wolters Kluwer’s Jeroen Van Doorsselaere predicts “a real credit crunch” developing in the second half of 2023.

    By Chris Gaetano • May 5, 2023
  • Now hiring sign in window
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    Mario Tama via Getty Images
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    Robust hiring persists despite credit tightening

    Unemployment remains unusually low even though the Federal Reserve has sought to curb inflation and trim growth by raising the main interest rate to the highest level since 2007.

    By May 5, 2023
  • People stand outside a closed bank branch.
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    Justin Sullivan via Getty Images
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    SVB’s fate shines spotlight on company culture

    SVB lost a number of employees following its acquisition by First Citizens. Some M&A targets may not be the best fits.

    By Elizabeth Flood • May 4, 2023
  • KPMG
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    Mark Renders via Getty Images
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    KPMG’s Stöckle on auditing’s ‘human-machine’ connection

    Despite recent technological advances transforming auditing processes, KPMG’s Sebastian Stöckle says people will always play key roles.

    By May 4, 2023
  • RS Group warehouse
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    Courtesy of RS Group
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    RS Group CFO resigns over relationship with colleague

    A month following a C-suite shakeup, RS Group’s CFO is resigning due to a relationship with an employee.

    By Elizabeth Flood • May 3, 2023
  • The Tesla gigafactory in Nevada.
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    Courtesy of Tesla
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    Tesla details its supply chain emissions for the first time

    The EV maker released an estimate of its Scope 3 footprint, while also delving into its efforts to source minerals responsibly. 

    By Ben Unglesbee • May 3, 2023
  • Jerome Powell, testimony, U.S. House, Financial Services Committee
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    Win McNamee via Getty Images
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    Fed hikes main rate while ‘highly attentive to inflation risks’

    The central bank increased borrowing costs even though the failure of First Republic Bank has rekindled concerns about banking system instability.

    By May 3, 2023
  • A construction worker welds a steel beam.
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    kali9 / E+ via Getty Images
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    Fed mulls rate hike as wage gains beat forecasts, fuel inflation

    Compensation by one measure is rising at the fastest pace since 2008, stoking expectations that policymakers on Wednesday will further increase borrowing costs to quash inflation.

    By May 2, 2023
  • Qantas plane
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    Scott Barbour via Getty Images
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    Qantas CFO named company’s first ever woman CEO

    Australian airline company has promoted finance chief Vanessa Hudson, a 28-year company veteran, to CEO. 

    By Elizabeth Flood • May 2, 2023
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    iStock / Getty Images Plus via Getty Images
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    AI boosts productivity 14%: NBER case study

    Generative AI improved customer service at a Fortune 500 company by prompting less experienced staff to adopt the best practices of their most talented co-workers.

    By May 1, 2023
  • A person walks by a First Republic Bank office on March 16, 2023 in San Francisco, California.
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    Chris Hondros via Getty Images
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    CFOs ready, not ‘shocked’ by First Republic failure

    Many finance leaders now have a “quick-trigger game plan in place should another domino fall,” according to Jack McCullough, founder and president of the CFO Leadership Council.

    By May 1, 2023
  • Exterior of Stop & Shop supermarket
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    Sam Silverstein/CFO Dive
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    Food Lion owner Ahold Delhaize poaches new CFO from construction company

    Pending shareholder approval, Jolanda Poots-Bijl is set to take the financial helm from Natalie Knight who is leaving to take another CFO role at automaker Stellantis.

    By Elizabeth Flood • May 1, 2023