Financial News and Analysis | CFO Dive
WEBApple taps insider to succeed longtime CFO Luca Maestri. The Cupertino, California-based tech giant said Kevan Parekh — its VP of financial planning and analysis — would become CFO as part of a “planned succession.”. CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance industry.
When the CFO departs, who steps up? | CFO Dive
WEBJun 17, 2020 · In the liminal space between departing CFOs and hiring their replacements, companies often turn to a more temporary fix: an interim CFO, usually from within the finance department. Both Cole and Crist agree the interim finance chief is unlikely to keep the title. “Off the cuff, their chances are around 10%,” Cole said.
Twenty-year Capital One Auto Finance vet pivots to Prestige …
WEBSep 9, 2022 · Dive Brief: Capital One Auto Finance VP and CFO Pepo Tsvetanov will leave the company after nearly twenty years of service to take on the top financial seat for Prestige Financial Services, according to a Thursday press release by the latter company. Prestige, a provider of consumer financial solutions for both franchised and independent auto dealerships, is part of the portfolio for the Larry ...
Alphabet’s ‘longest-serving’ CFO Ruth Porat pivots to new role
WEBJul 25, 2023 · Dive Brief: Ruth Porat, CFO of Google and its parent Alphabet, is stepping down from the top finance role but staying on to assume a newly created dual role of president and chief investment officer of both entities, effective Sept. 1, according to a company press release Tuesday.. Porat took the finance reins in May 2015, making her the company’s “longest-serving” CFO, Alphabet’s ...
Financial Leadership News - CFO Dive
WEBSep 10, 2024 · New Eli Lilly CFO to receive $1M salary, bonus opportunity. The financial leadership transition is coming as the pharma giant hovers just below a $1 trillion market cap in the midst of rising demand for several new medications. By Grace Noto • …
FASB at 50: Under the gun to modernize GAAP - CFO Dive
WEBDec 20, 2023 · Ultimately, a report from a committee led by former SEC Commissioner Francis Wheat resulted in the creation of the FASB in 1973. Its underpinnings were designed to foster independence from politics and industry: FASB is a private, not-for-profit organization which is funded by publication sales and fees paid by public companies while being recognized by the SEC as the official accounting ...
Move from pension to 401(k) riles union | CFO Dive - Food Dive
WEBAug 26, 2021 · Strikes by workers employed by Mondelez International, the owner of Nabisco, at plants across the United States stem partly from the company’s decision three years ago to freeze the pension it offers workers and offer instead employer-contributed 401(k) plans.. Single sponsor, defined-benefit pensions like the kind frozen by Mondelez were popular decades ago but few companies offer them ...
Credit Suisse appoints new CFO in executive shuffle
WEBAug 22, 2022 · Dixit Joshi, a previous Credit Suisse alum, is rejoining the company at the finance helm after an almost two- decade long hiatus, the company announced. Joshi will take over as CFO effective Oct. 1. The new finance chief is taking over for David Mathers who is exiting the company after serving 11 years in …
How CFOS are balancing investments between technology and …
WEBDec 5, 2022 · As far as technology goes, according to new research from Tradeshift with CFO Dive, 74% of senior finance professionals say that macroeconomic pressures have led them to continue to prioritize technology investments, while 38% said these pressures have led them to increase their technology investments by up …
Amid drop in sales, Urban Outfitters CFO opts to curtail inventory
WEBSep 8, 2020 · Dive Brief: Even with most of its brick and mortar stores reopened and selling clothes, Urban Outfitters has been working to keep a lower inventory of products in its stores and distribution centers, CFO Frank Conforti told the Wall Street Journal.. Amid a summer of shuttered storefronts, the Philadelphia-based retailer's net sales decreased to $803.3 million, down 16.5% from the same period ...
Skip to content