The Latest
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"Royal Bank of Canada's global headquarters at 200 Bay Street in Toronto, Canada" by Francisco Diez is licensed under CC BY 2.0
RBC ‘selectively quoted’ texts to justify CFO’s firing, lawyer says
In a new filing, the bank's ex-CFO, Nadine Ahn, said she received “differential treatment” as a woman and denied knowledge of “Project Ken” or an online “LoveBook” another executive allegedly ordered.
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Eli Lilly promotes Lucas Montarce to CFO
As the company continues to push for GLP-1 market share, it has tapped an internal veteran with recent experience managing research and development finance.
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43% of finance and sales leaders say sales forecasts are at least 10% off
Barriers to accuracy could be lessened through better collaboration between sales and finance.
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BLS jobs report data indicates continuing economic shift: Trial Balance
Recent job report figures indicate a furthering of the decrease in availability of full-time work, and immigration's impact on the job market for American-born workers.
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What the City of North Miami Beach is looking for in its next CFO
After the city’s former CFO retired in 2023, its city manager has been trying to find a finance leader to help modernize its finance function and lead with effectiveness.
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CFOs On the Move: Week ending Sept. 6
Honeywell names an insider as its new finance chief, Rite Aid promotes its CFO to CEO as it emerges from bankruptcy and Polestar hires a former Stellantis exec as CFO.
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The 6 a.m. CFO: How Workday’s Zane Rowe starts his day
Rowe shares how he prioritizes his mornings, the importance of mentors and how he manages work-induced stress.
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66% of internal audit teams say capabilities don’t align with priorities due to skills gap
Outsourcing and internal collaboration have skyrocketed as organizations’ demands and goals outpace their audit teams, according to new Jefferson Wells data.
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Q&A
Managing rapid business growth: World Insurance Associates CFO Renae Flanders
“Every experience, whether challenging or positive, has contributed to shaping me into the leader I am today,” said the CFO of the fast-growing insurance broker.
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How long is too long to reconcile the general ledger? Metric of the Month
Here are a few key areas to examine to help speed up general ledger reconciliation.
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Opinion
3 trends reshaping CFO recruitment
Finance leaders looking to position themselves for success in today’s job market should understand and adapt to these hiring trends.
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How CFOs can lead a successful business transformation
Effective planning, project execution, change management and strong leadership can help you limit the pain and achieve success during your next transformational initiative.
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August earnings update: CFOs of Affirm, Nvidia, Intuit, Eli Lilly, Yeti and Bumble offer outlook
Kelly Dilts discusses Dollar General’s customers’ purchasing behavior, Affirm has a “killer quarter” and Nvidia’s Colette Kress highlights new areas for growth.
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CFOs On the Move: Week ending August 30
Salesforce’s finance chief to step down, Ascend Wellness terminates its chief financial officer and Viasat appoints a Delta exec as its new CFO.
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34% of U.S. employees age 50+ want to phase into retirement
While millions of older workers are aiming to delay retirement, many others are looking to begin winding down sooner than later.
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Chipotle expedites new CFO Adam Rymer’s onboarding
Following CEO Brian Niccol’s move to Starbucks, the fast-casual restaurant chain has fast-tracked its leadership promotions and created succession plans for several executives.
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Q&A
Bringing deep experience to a financial services spin-off: WAS CFO Sharon Geib
The new CFO of Woodforest Acceptance Solutions brings three decades of industry and leadership experience to the banking spin-off.
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Health care costs expected to jump by 9% in 2025
Employers, hesitant to pass too much expense to their workers, will continue to bear the brunt of the annual increases.
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78% of business leaders expect ROI on generative AI investments in 1 to 3 years
As the cost-benefits of generative AI for businesses come into question, new data from KPMG suggest the largest companies have a timeline to ROI.
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Apple CFO Luca Maestri will be replaced by Kevan Parekh in 2025
The tech giant’s long-time CFO will leave the role by early next year but remain with the company to lead its corporate services teams.
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Opinion
How CFOs can introduce AI into financial operations
Implementing small, manageable AI tasks helps CFOs build the foundation for a much larger transformation within their finance teams.
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Former Columbus Zoo CFO Greg Bell sentenced to 3 years in prison for fraud
Members of Bell’s leadership team and his son are also facing felony charges in Ohio.
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Regulators hitting auditors hard in 2024
Both the number of enforcement actions and monetary sanctions surged in the first half of this year.
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The Giant Company names new chief merchant
Rebecca Lupfer, who served most recently as the grocer’s CFO, will head all aspects of merchandising as well as commercial planning and pricing for the chain.
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CFOs On the Move: Week ending August 23
Guess’ chief financial officer resigns after one year, Dentsply’s finance chief moves to Premier for the same role and Zoom’s long-term CFO plans to resign.