CFOs On the Move: Week Ending January 20

  Jessica HolscottJessica Holscott | Authentic BrandsAuthentic Brands, a brand development, marketing, and entertainment platform, named Jessica Holscott as its new finance chief. Holscott joins the company from Warner Media, where she was CFO of studios and networks. Before joining Warner Media,...

By Lauren Muskett • Jan. 20, 2023

How Convertible Benefits Can Help CFOs Reduce Costs and Minimize Turnover

With inflation still skimming multi-decade highs, interest rates continuing to climb, and the reality of a recession setting in, CFOs are charting a course through very choppy economic waters. CFOs are balancing keeping costs down while maintaining productivity and attempting to grow the company,...

By Rob Whalen • Jan. 20, 2023

10 Steps to Assess Vendor Programs That Promise to Lower Medical Costs

With rising costs and a potential economic slowdown, employers are under enormous pressure to control spending on employee health benefits. Employers have been accustomed to a decade of medical trend rates under 5% annually, but the increase in total medical costs will likely exceed 6% in 2023, a...

By Jeff Levin-Scherz, MD • Jan. 19, 2023

CFO Series Homepage

CFO's homepage for all muti-part series.   Series Titles 2023 Outlook CFO's outlook package which examines the risks and opportunities CFOs face in 2023. The 6 a.m. CFO An ongoing series for CFOs, by CFOs, and all the techniques and strategies they use to jump sta...

By CFO Editorial Staff • Jan. 17, 2023

CFO Brett Tromp’s Journey from South Africa to American Startup

Brett Tromp, CFO of South Africa's largest health insurance carrier, made a life-altering decision — for himself, and his family. In this three-part series, Tromp shares his decision-making process, his search for growth, and bringing his perspective to a new company, culture, and country. 

By Sandra Beckwith • Jan. 16, 2023

CFOs On the Move: Week Ending January 13

  Jamie MillerJamie Miller | Ernst & YoungErnst & Young hired Jamie Miller as its global chief financial officer and to eventually lead the finances of its consulting arm, which the accounting firm is spinning off. Miller joins the firm from agricultural company Cargill, where she became ...

By Lauren Muskett • Jan. 13, 2023

4 Steps to Upskill Your Finance Team

As we begin the new year, I’m struck by the unpredictability that continues to come through in my weekly conversations with finance leaders. Specifically, many of them are expressing urgency to develop their teams’ skills in ways that maximize their ability to be agile and adapt. Given the great ...

By Kevin Rubin • Jan. 13, 2023

The 6 a.m. CFO: How F9 Brands’ Avi Cohen 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, F9 Brands' CFO Avi Cohen shares what he learned from his first losing trade, how one of his favorite inspirational quotes comes from his young son, and ...

By CFO Editorial Staff • Jan. 12, 2023

Salary Transparency is Here: What CFOs Need to Know

With recent implementations of salary transparency requirements for businesses by state and city governments coming to fruition this year, finance executives must be aware of the new regulations.  These new rules may revolutionize both compensation determination and the entire business hiring pro...

By Adam Zaki • Jan. 6, 2023

CFOs On the Move: Week Ending January 6

  Jim GoochJim Gooch | Lands’ EndLands’ End made several executive leadership appointments and organizational changes this week, including Jim Gooch stepping down as president and CFO on Jan. 27. He will then transition to an adviser role through March 31, 2023. Gooch joined the retailer in 2016 ...

By Lauren Muskett • Jan. 6, 2023

FTC Seeks to Ban Noncompete Clauses

The Federal Trade Commission (FTC) is wading into the area of employment agreements as part of its aggressive posture on fighting unfair methods of business competition.On Thursday, the commission voted to propose a rule that would ban employers from imposing noncompete agreements on their worker...

By Vincent Ryan • Jan. 6, 2023

2022 CFO Departures and Arrivals

Many finance chiefs left their posts over the last 12 months. Some joined new companies, others pursued new opportunities. Their places were taken, in some cases, by executives promoted to the top finance spot. Here are some of the more notable CFO departures (and arrivals) of the past 12 months....

By Lauren Muskett • Dec. 30, 2022

CFO at the Movies: Reviews of Films Featuring Business and Finance

We at CFO hope you are enjoying your holiday downtime and catching up on some of your favorite movies in the process. If you're like us, films that feature business and finance might hold a special place in the cinematic catalog. We decided to have some fun and recount some of our favorite busine...

By CFO Editorial Staff • Dec. 30, 2022

Top 5 Talent Stories in 2022

The notion that people are a company's strongest asset is not just a valid point. In the best companies, it's rooted in the organizational culture. CFOs know every aspect of corporate finance begins with the people involved.In a tight labor market, new ideas around leadership, recruiting, hiring,...

By Adam Zaki • Dec. 29, 2022

Remote Work: Essential Ideas From 2022

At one point during late 2021, the talk about where employees worked died down — many professional jobs were being done from home, and the focus was on just doing the job (in addition to staying healthy). There was an untested assumption about remote work, though — that it was working as long as ...

By Vincent Ryan • Dec. 29, 2022

Top CFO Interviews of 2022

For our weekly Q&A’s, CFO has highlighted the career journeys and goals of finance chiefs leading the way in their industries. While laying out how the CFO approaches, company culture, technology, data, and more, these interviews offered insight into how they got to where they are and how the...

By Adam Zaki • Dec. 28, 2022

The 6 A.M. CFO: Holiday 2022 Edition

The holidays are here and we hope you’re soaking this up by an open fire bathed in an aura of twinkling lights incensed by the smell of warm baked goods — you deserve it!  Yes, it’s time for all you CFOs to break out of your ambitious routines and sleep in (that’s past 6 a.m. for most of you), cu...

By Carolina starin • Dec. 27, 2022

A South African CFO’s Role in Shaping Corporate Culture

According to Gallup research for Glassdoor, 58% of American workers say company culture is more important than salary when it comes to job satisfaction.  It’s why Brett Tromp, the new CFO of healthcare technology startup Medici, proudly funds culture building within the organization. “In any orga...

By Sandra Beckwith • Dec. 22, 2022

CFO Turnover Rate Reaches a 5-Year High: Weekly Stat

With the labor market continuing to limp its way into the new year, economic issues are exacerbating a bigger issue in the C-suite. Adding inflation, pandemic recovery, and supply chain issues to the equation, turnover in the CFO space is at a new high. Recent findings by Datarails highlight that...

By Adam Zaki • Dec. 21, 2022

8 CFO Strategies to Communicate More Effectively

Are you an effective communicator? Would your CEO, board, cross-functional partners, and others agree?  CFOs, deservedly so or not, are often perceived as having poor communication skills. This reputation, considering the traditional CFO’s education, personality, and career assignments, is not su...

By Steve McNally • Dec. 20, 2022

Sustaining Employee Morale and Productivity When Finances Are Tight

As year-end approaches, employees across the United States anticipate two annual traditions: end-of-year (EOY) bonuses and performance reviews. But as major tech companies like Meta and Amazon conduct mass layoffs, freeze hiring, and tighten budgets in anticipation of a recession, the end of 2022...

By Scott Dussault • Dec. 16, 2022

The 6 a.m. CFO: How Community National Bank and Trust of Texas’ Steven Nutt 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 in front of them.Today, Community National Bank and Trust of Texas CFO Steven S. Nutt shares his lifelong fandom of baseball, his methods for passing his financial literacy to the next g...

By CFO Editorial Staff • Dec. 15, 2022

South African CFO Finds Growth and Purpose in American Startup

“If you want to grow, you have to stretch yourself to do something different and learn new skills.” When Brett Tromp left his position as CFO of South Africa’s largest health insurance carrier to join his lifelong friend’s healthcare technology startup in the United States, he transitioned from o...

By Sandra Beckwith • Dec. 15, 2022

64% of Executives Say Labor Among Top Risks in 2023

Labor concerns are top-of-mind for executives globally heading into 2023. When asked to identify highest risk concerns next year, 64% of executives said the operational aspect of labor, such as the ability to attract and retain top talent, as their greatest concern, according to a recent survey, ...

By Adam Zaki • Dec. 14, 2022

4 Strategies for Retaining Accounting Talent

In November in CFO, executives at public accounting firms, staffing agencies, and corporate accounting chiefs articulated the reasons behind the precipitous decline in accountants. The consensus was that to draw more young people to accounting, and the profession needed rebranding.Indeed, rebrand...

By Russ Banham • Dec. 12, 2022