People
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ADM’s CFO to resign amid DOJ investigation
The 20-year veteran of the company will stay on in a “non-executive” capacity until later this year.
By Adam Zaki • April 23, 2024 -
‘Culture shift’ editor’s note for April 22, 2024
Google's actions this past week raise the question of what it takes to reshape a corporate culture.
By Andy Burt • April 22, 2024 -
CFOs navigate the weeds of cannabis accounting to drive industry growth
“When controlling growth, we advise to test the market first before they go out and spend a ton of capital.”
By Adam Zaki • April 19, 2024 -
David Ostrove, former Long Island school CFO, sentenced up to 25 years
Ostrove was referred to as “a charlatan and a brazen thief” by State Supreme Court Justice John Collins.
By Adam Zaki • April 19, 2024 -
CFOs On the Move: Week ending April 19
New finance chiefs at Exact Sciences, Siemens Government Technologies, and Bloom Energy.
By Lauren Muskett • April 19, 2024 -
Alphabet CFO Ruth Porat’s internal memo reveals Google finance team restructuring, layoffs
“The tech sector is in the midst of a tremendous platform shift with Al,” Porat wrote in the internal memo, indicating the company would reallocate its assets to other tech initiatives.
By Andy Burt • April 18, 2024 -
Q&A
OnlyFans CFO Lee Taylor: Building scalable finance to lead creator economy
“One of the unique things about OnlyFans is its self-funding. We have always been profitable and cash-generative.”
By Adam Zaki • April 18, 2024 -
Customers Bancorp fires CFO for ‘cause,’ promotes insider to top spot
Following Carla Leibold’s immediate termination, the bank promoted Philip Watkins to the parent company’s top chief finance spot.
By Andy Burt • April 17, 2024 -
‘Cost of Growth’ editor’s note for April 15, 2024
Sneakers and slide rules.
By Andy Burt • April 15, 2024 -
Chicago transit oversight board CFO: Strategy creation to execution
“We've been driving innovation in core areas like budgeting, financial reporting, and IT. This collaborative spirit positions us for continued success,” Kevin Bueso said.
By Adam Zaki • April 12, 2024 -
CFOs on the move: Week ending April 12
New CFOs at KFC Global, Brightcove, Illumina, and more.
By Lauren Muskett • April 12, 2024 -
Q&A
Siemens Mobility NA’s CFO Bernd Blumenstein Drives Change for 176 Year-Old Company
As a regional CFO of a 176-year-old company, Blumenstein explains his part in the organization’s shift from a manufacturer to a technology provider.
By Adam Zaki • April 11, 2024 -
The 6 a.m. CFO: How the Savannah Bananas’ Dr. Tim Naddy Starts His Day
Naddy shares how he structures his mornings, his favorite quote, and what his walk out song would be.
By CFO Editorial Staff • April 11, 2024 -
‘Financial Controls’ Editor’s Note for April 8, 2024
Recent stories indicate that leadership morals are not enough to keep a company safe. An internal controls framework is critical as well.
By Andy Burt • April 8, 2024 -
Royal Bank of Canada Fires CFO Over Undisclosed Personal Relationship
The internal investigation that ousted Nadine Ahn may result in forfeiture of significant compensation due to misconduct.
By Andy Burt • April 8, 2024 -
Former Indiana Schools CFO Charged With Corruption, Theft
Scott Bumgardner faces 21 felony charges for corrupt business influence and theft, as the school system looks to recover the missing funds while shoring up its financial controls.
By Andy Burt • April 5, 2024 -
CFOs On the Move: Week Ending April 5
New CFOs at Spotify, Heathrow Airport, Farmers Insurance, Jacobs Solutions, World Insurance Associates, and more.
By Adam Zaki • April 5, 2024 -
Q&A
From Investment Banker to First-Time CFO: Moloco’s Brandon Maultasch
“There's always a balancing act of scrappy and scalable in each of the capabilities we’re building on the finance team.”
By Sandra Beckwith • April 4, 2024 -
‘Mentors’ Editor’s Note for April 1, 2024
You never know who might be watching.
By Andy Burt • April 1, 2024 -
CFOs On the Move: Week Ending March 29
New CFO appointments at SharkNinja, GameStop, Viz.ai, and more.
By Lauren Muskett • March 29, 2024 -
Q&A
M&A Leader Turned Healthcare CFO: MultiPlan’s Jim Head
“I consistently tell investors, my job is about walking the tightrope between enhancing our margins and reinvesting back into the business.”
By Adam Zaki • March 28, 2024 -
The 6 a.m. CFO: How Fresh FP&A’s Chris Ortega Starts His Day
“Often, many tend to focus on results as rewards, but throughout my life, I have realized the biggest reward you will get from any situation is the journey itself.”
By CFO Editorial Staff • March 28, 2024 -
Rave Restaurant Group Appoints New CFO, 5 Other Execs to Leadership Team
The company hired Jay Rooney as chief financial officer as it focuses on growing its buffet concept while overall unit count shrinks.
By Aneurin Canham-Clyne • March 27, 2024 -
Former Long Island School CFO Found Guilty, Faces Sentencing
The former CFO of The Schechter School, David Ostrove, has been found guilty of misappropriating over $8 million dollars from the private Jewish school.
By Adam Zaki • March 26, 2024 -
Real Estate Developer’s CFO Accused of Stealing Millions of Government Grants for Homeless
Court filings in California allege a CFO stole millions of tax payer dollars, on top of multiple accusations of fraud, to finance an upscale lifestyle for him and his girlfriend.
By Adam Zaki • March 26, 2024