CFOs Face Workforce Trends in 2023

This ongoing reported series aims to help leaders understand the ways in which employees — especially younger generations — develop context to form work habits, opinions on work-life balance, and productivity. 

By Adam Zaki • April 19, 2023

More ‘Quiet’ Trends, ‘Great’ Phenomenons, and Trendy Labor Verbiage

Effective leadership bridges the gap between employees and managers through good communication and human-centric management. Staying current on the latest work trends and the verbiage employees use in the office and on social media helps.Regardless of whether the trends are actual changes in how ...

By Adam Zaki • April 14, 2023

CFOs On the Move: Week Ending April 14

   John Di BertJohn Di Bert | Air CanadaJohn Di Bert, currently the CFO of Clarios International, will take over as finance officer for Canada's largest airline, Air Canada. He replaces Amos Kazzaz, who will retire in June. Di Bert also served in a CFO role for aerospace manufacturers Bombardier ...

By Adam Zaki • April 14, 2023

Submarine Lieutenant to Finance Chief: Bill Nash

After serving nearly a decade in the U.S. Navy Submarine Force, Nash details his transition into corporate finance and a CFO role.

By Sandra Beckwith • April 13, 2023

Only 47% of Supply Chain Leaders Communicate Well With Finance: Weekly Stat

The expansiveness of the CFO role, from compliance to risk management to financing a welcoming and sustainable company culture, leaves finance chiefs' hands full. Good communication among leadership is essential, given these myriad responsibilities, especially during the hardest times.Managers wh...

By Adam Zaki • April 12, 2023

‘Quiet’ Trends, a Navy Submarine CFO, and Eyes on Inflation: Trial Balance

As Wall Street's quarterly earnings are expected to be underwhelming, JP Morgan faces new scrutiny from regulators after a recent audit from office of the comptroller of the currency (OCC), and Glass Lewis is advising Barclays' shareholders to withhold their former CFO's bonus. Q2 is in full swin...

By CFO Editorial Staff • April 10, 2023

CFOs On the Move: Week Ending April 7

Wendy ArlinWendy Arlin | Bath & Body WorksWendy Arlin is stepping down as chief financial officer of Bath & Body Works. Arlin, who took over as CFO of the fragrance and body-care products in August 2021, will leave the company on July 29 or earlier if a successor is named. Arlin joined th...

By Lauren Muskett • April 7, 2023

Is a Four-Day Workweek Feasible for Finance Teams?

Among the tumultuous and unpredictable landscape of labor trends, workers and managers alike have expressed interest in changes to how, when, and where employees work.From quiet quitting to demands of flexible work environments, employee empowerment is high. While the economy has forced a slight ...

By Adam Zaki • April 7, 2023

The 6 a.m. CFO: How Three Oceans Fish Company’s Carl Derving 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, Three Oceans Fish Company’s Carl Derving shares his grueling morning workout routine, one KPI he is very proud of, and why (and how) he brings his true ...

By CFO Editorial Staff • April 6, 2023

How Many Learning Days Should You Offer Employees? Metric of the Month

There is a certain complacency that many organizations start to develop once employees move beyond their onboarding and initial probationary period. Now that these employees are settling into their roles, the thinking goes, they do not require further learning or training. This is not the right w...

By Perry D. Wiggins • April 5, 2023

Interim CFO Demand Up 103% Year-Over-Year: Weekly Stat

Turnover for CFOs, regardless of industry, has become a tremendous burden on companies of all sizes. As 2022 closed out with a five-year high for finance officers quitting their jobs, many companies suddenly lack a financial officer.With four in 10 executives reporting last year they'll quit in 2...

By Adam Zaki • April 5, 2023

Only 26% of Employees Have Felt Partially Ignored at Work

As employees push back on return-to-office initiatives, participate in productivity-destroying quiet trends, and continue to have issues that impede their ability to work, managers and executives have to deal with an increasingly demanding employee base.Despite the balance of power shifting back ...

By Adam Zaki • April 5, 2023

The Tight Labor Market: What Execs Are Saying

Historically low unemployment has been a thorn in the side of the Federal Reserve’s policy-setting committee and prognosticators. While Jerome Powell and Fed's Open Market Committee have raised the Fed funds rate nine times in a little more than a year, the job market has refused to slacken.Will ...

By Vincent Ryan • April 3, 2023

CFOs On the Move: Week Ending March 31

Kenny CheungKenny Cheung | SyscoFoodservice distribution company Sysco named Kenny Cheung as CFO, effective April 17. Cheung joins Sysco from rental car company Hertz, where he has been CFO since 2020. He was an integral part of the team that led Hertz through its restructuring and Chapter 11 eme...

By Lauren Muskett • March 31, 2023

Work Hard, Play Hard: What’s The Future of Office Happy Hours?

From having a drink with a coworker after a long day, to the person that has one too many at the holiday party, most professionals have taken part in mixing work and play with an alcoholic beverage or two. The power dynamic between managers and employees mixed with alcohol could become awkward so...

By Adam Zaki • March 31, 2023

Father-Son Finance Pros Create Fintech Startup

When father and son team Greg and Derek Kautz decided to co-found a fintech business, they knew their finance and accounting experience would play a pivotal role.There was the obvious product piece, of course. After Derek had a difficult experience implementing lease accounting software that was ...

By Sandra Beckwith • March 30, 2023

CFOs On the Move: Week Ending March 24

Russell HutchinsonRussell Hutchinson | Ally FinancialRussell Hutchinson will join Ally Financial as its new chief financial officer on July 3. Hutchinson most recently was chief operating officer for global mergers and acquisitions at Goldman Sachs Group, where he worked for 22 years. He previous...

By Lauren Muskett • March 24, 2023

Greg and Derek Kautz: A Father and Son’s Journey to Disrupt Accounting Landscape

This three-part series explores the inception of a business idea, a partnership between a father and son, and how they seek to impact the fintech space to make future CFOs' worlds a little bit more manageable. 

By Sandra Beckwith • March 24, 2023

Accountant Turns Software Frustration Into a Startup

Derek Kautz has always been fascinated by accounting systems. As a university accounting student, he taught classmates how to use Excel. And, instead of joining the accounting organization, he was a member of the university’s Association for the Management of Information and Operations group. Thi...

By Sandra Beckwith • March 23, 2023

Only 19% of Employees Used Mental Health Benefits in 2022: Weekly Stat

As employee benefits continue to be an important factor in the competition for quality talent, executives have looked to new offerings to gain a recruiting advantage. Ranging from free coffee and snacks, all the way to access to professional mental health care treatment, organizational efforts to...

By Adam Zaki • March 22, 2023

CFOs On the Move: Week Ending March 17

Eric LevinEric Levin | Warner Music GroupWarner Music Group CFO Eric Levin will retire by the end of 2023. Levin joined the entertainment and record label conglomerate in 2014 and has held several senior executive roles in the U.S. and Greater China. He also helped lead the company through its IP...

By Lauren Muskett • March 17, 2023

Communication During Crisis: Tech CEO Manages Silicon Valley Bank Collapse

Executives are on high alert — especially CFOs — after an unforgettable week in the banking world. In the aftermath of the failures of Silicon Valley Bank (SVB) and Signature Bank, and with more banks being put on notice, much of the attention has been on depositors, investors, shareholders.Howev...

By Adam Zaki • March 17, 2023

From CFO to Fintech Entrepreneur

When Canadian finance veteran Greg Kautz’s son brought him an idea for innovative technology to solve a vexing lease accounting problem, Kautz didn’t hesitate to say, “Count me in.” “I saw Derek's vision. I saw his passion for it. And I saw the opportunity,” Kautz said about the decision to co-fo...

By Sandra Beckwith • March 16, 2023

One-Third of CFOs Saw Up to 25% Increase in Total Pay Last Year

Compensation continues to be a pivotal point in executive-level talent acquisition and retention. The implementation of salary transparency laws into labor markets has removed some stigma, but CFOs, like everyone else, are looking to get the best compensation packages for their work.New data from...

By Adam Zaki • March 15, 2023

CFOs On the Move: Week Ending March 10

Dan JeddaDan Jedda | RokuDan Jedda is joining Roku as its new chief financial officer, effective May 1. Jedda has been CFO at Stitch Fix since 2020. Before that, he worked at Amazon for 15 years, including as vice president and chief financial officer of digital, advertising, and corporate develo...

By Lauren Muskett • March 10, 2023