Consumer Goods Giants Nestlé, Unilever Announce CFO Departures

Consumer product behemoths Unilever and Nestlé announced the departures of their veteran chief financial officers, Graeme Pitkethly and François-Xavier Roger, respectively, on Tuesday. Graeme PitkethlyPitkethly is retiring from Unilever, whose products include everything from bath soap to ice cre...

By Vincent Ryan • May 30, 2023

5 DE&I Strategies for Small Businesses

Since 2020, many organizations have invested in diversity, equity, and inclusion (DE&I) strategies to strengthen internal culture, cater to shifting global culture, and respond to political, social, and racial unrest. While there have been notable strides in recent years, DE&I is still a ...

By William P. Cooper • May 26, 2023

CFOs On the Move: Week Ending May 26

Zane RoweZane Rowe | WorkdayZane Rowe was appointed finance chief of HR software maker Workday, effective June 12. Since March 2016, Rowe has been CFO of VMware. He also stepped in as interim CEO of VMware for four months in 2021. Previously he was CFO of EMC, CFO of United Airlines, and led Nort...

By Lauren Muskett • May 26, 2023

CFOs On the Move: Week Ending May 19

Erin BrewerErin Brewer | LyftLyft hired Erin Brewer as the ride-sharing company’s new finance chief, effective July 10. Most recently, Brewer was managing director of enterprise finance at Charles Schwab. She was previously head of strategy and finance at Atlassian where and spent 13 years at McK...

By Lauren Muskett • May 19, 2023

Gauging Work Ethic in a Multigenerational Environment

Managing a multigenerational workforce, something that nearly all business leaders do, can be extremely challenging. Between constructing the ideal work environment, balancing the right amount of benefit offerings, and ensuring employee morale and productivity is high, CFOs and their fellow leade...

By Adam Zaki • May 19, 2023

The 6 a.m. CFO: How Pine Labs’ CFO Marc Mathenz Starts His Day

Welcome to The 6 a.m. CFO, where finance chiefs share how they jump-start their days and engage with the tasks that are in front of them.Today, Pine Labs' Marc Mathenz shares how he gets involved in anything in the company that he feels adds value — even if it's outside of a traditional finance r...

By CFO Editorial Staff • May 18, 2023

GE Names New CFO Rahul Ghai to Replace Carolina Dybeck Happe

General Electric is changing finance chiefs as the company prepares to spin off its businesses next year. Rahul Ghai will become chief financial officer of GE on Sept. 1 while retaining his role as CFO of GE Aerospace — a role he has held since August 2022. Ghai succeeds Carolina Dybeck Happe, wh...

By Lauren Muskett • May 18, 2023

72% of C-Suite Leaders Are Stressed About Personal Finances

Trading time for work experience has been a part of skills development since the earliest stages of commerce. Leaders who give up time with their families and friends have done so because of the rewards it brings: equity in the company, high salaries, leadership positions. The compensation for a ...

By Adam Zaki • May 17, 2023

CFOs On the Move: Week Ending May 12

Marcus GloverMarcus Glover | Bally'sCasino-entertainment company Bally's appointed Marcus Glover as chief financial officer. Glover was most recently chief strategy officer of QPSI, a supply chain solutions and contract packaging company. Before that, he worked for MGM Resorts as president and ch...

By Lauren Muskett • May 12, 2023

70% of Gen Z Employees Would Switch Jobs for Better Tech: Weekly Stat

As retirement becomes harder to achieve, older workers continue to stick around in their jobs for longer than they would’ve in the past. This has resulted in a multi-generational workforce on a large scale, arguably for the first time in U.S. history.With those who remember where they were during...

By Adam Zaki • May 10, 2023

Finance Managers Earn 5.3% Salary Bump

Corporate finance professionals at all job levels received base salary increases of 5% on average during 2022, up from 4.4% in 2021, the largest increase in the past 10 years, according to the Association for Financial Professionals (AFP).Management-level finance employees, such as directors of t...

By Vincent Ryan • May 10, 2023

CFOs On the Move: Week Ending May 5

Vanessa HudsonVanessa Hudson | QantasQantas named its finance chief, Vanessa Hudson, as its next CEO, making her the first woman to lead the century-old airline. Hudson has held several senior roles at Qantas over the last 28 years, including chief customer officer and senior vice president for t...

By Lauren Muskett • May 5, 2023

Should CFOs Keep Their Office Space?

Leaders across industries have gotten creative — sometimes forceful — in their initiatives to encourage their employees to return to the office. As work/life balance, productivity, and employee engagement have been at the forefront of labor conversations for executives, the approach to revamp the...

By Adam Zaki • May 5, 2023

The 6 a.m. CFO: How Epicor’s Sam Monti Starts His Day

Welcome to The 6 a.m. CFO, where finance chiefs share how they jump-start their days and engage with the tasks that are in front of them.Today, Epicor's Sam Monti shares how he keeps the oxygen in his business meetings, how "the sweet science" plays a role in his life, and the powerful Leonardo d...

By CFO Editorial Staff • May 4, 2023

Layoffs at U.S. Businesses Rose 16% in March

The temperature of the jobs market may finally be falling, albeit slowly, according to data from the U.S. Job Openings and Labor Turnover survey.With the Federal Reserve set to announce another 25-basis-point rate hike today, March layoffs at all-size U.S. businesses rose 16% from February to 1.8...

By Vincent Ryan • May 3, 2023

CFOs On the Move: Week Ending April 28

Margherita Della ValleMargherita Della Valle | VodafoneBritish telecoms group Vodafone appointed the company’s interim CEO and chief financial officer, Margherita Della Valle, as its permanent chief executive officer. Della Valle will continue as group chief financial officer until an external se...

By Lauren Muskett • April 28, 2023

AI Hiring Tools Will Require a Bias Audit in NYC

To the cost of searching for, interviewing, and onboarding job candidates, add one more line item if you are hiring people in New York City: the expense of hiring someone to do an independent audit of the software you use to screen candidates.A new New York City law is trying to bring transparenc...

By Vincent Ryan • April 28, 2023

Autonomy in the Workplace: Boost Employee Productivity and Happiness

Between the communication limits of remote work, the empowerment felt by employees, and the influence technology has on how work is allocated, completed, and assessed, the days of managers closely managing their staff are gone in some organizations. The idea that professionals must be directly to...

By Adam Zaki • April 27, 2023

Only 36% of Finance Teams Think Leaders Empathize Amid Change

The CEO-CFO relationship has a significant impact on whether or not a finance chief is satisfied and willing to stay in their role. Research reveals that the relationship between CFOs and their teams seems to have a similar effect.Talent retention issues and employee well-being being at the foref...

By Adam Zaki • April 26, 2023

Real Estate Rethink: How CFOs Can Tackle the Company’s Footprint Problem

Virtual engagement with customers and employees increased dramatically during the pandemic. And that change has stuck, to the surprise of some company executives. It’s not only employees who prefer a remote or hybrid setup. Companies are finding that customers want to do more business virtually, ...

By William A. Lovis III • April 25, 2023

Venture Capitalists Ramp Up Focus On Diversity

Issues around social justice and racial equity had already been an acute focus of public attention before the summer of 2020, when the murder of George Floyd and its aftermath gripped the United States and helped bring the issues to a boil.The heat has been on high ever since, and CFOs of pre-IPO...

By David McCann • April 21, 2023

CFOs On the Move: Week Ending April 21

Natalie KnightNatalie Knight | StellantisAutomaker Stellantis hired Natalie Knight as its new finance chief. Knight is currently chief financial offer at Ahold Delhaize, a food retailer headquartered in the Netherlands. Before joining Ahold in 2020, Knight was CFO at Arla Foods in Denmark and hel...

By Lauren Muskett • April 21, 2023

What CEOs Want In Replacement CFOs

Regardless of industry, talent retention is a continuing issue, and companies experiencing challenges acquiring and keeping quality employees are finding creative ways to attract the talent they need.When an executive, especially a CFO, finds a new opportunity, companies can be left scrambling fo...

By Adam Zaki • April 21, 2023

The 6 a.m. CFO: How Kajima Building & Design Group’s Bona Allen Starts His Day

Welcome to The 6 a.m. CFO, where finance chiefs share how they jump-start their days and engage with the tasks that are in front of them.Today, Kajima Building & Design Group's CFO Bona Allen shares how he mixes his morning coffee, uses humor in his early meetings, and relaxes on water.If you...

By CFO Editorial Staff • April 20, 2023

Accountants 80% More Likely to Stay With Firms That Offer Integrated Tech: Weekly Stat

Finance leadership has been bombarded with labor issues over the past 12 months. As new labor trends, talent retention, new generational workforce demands, and benefit offerings have been impacting. the entire C-suite’s approach to labor, CFOs and their teams have also been affected by a continui...

By Adam Zaki • April 19, 2023