Strategy & Operations: Page 29
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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 Suman Bhattacharyya • May 11, 2023 -
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 -
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 -
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 Jim Tyson • May 10, 2023 -
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 Maura Webber Sadovi • May 10, 2023 -
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 -
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 Jim Tyson • May 9, 2023 -
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 -
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 Alexei Alexis • May 9, 2023 -
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 Jim Tyson • May 8, 2023 -
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 -
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 Maura Webber Sadovi • May 8, 2023 -
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 -
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 Suman Bhattacharyya • May 5, 2023 -
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 -
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 Jim Tyson • May 5, 2023 -
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’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 Maura Webber Sadovi • May 4, 2023 -
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 -
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 -
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 Jim Tyson • May 3, 2023 -
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 Jim Tyson • May 2, 2023 -
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 -
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 Jim Tyson • May 1, 2023 -
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 Maura Webber Sadovi • May 1, 2023 -
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