62% of Companies Gave CFOs Salary Increases

More CFOs received salary raises in 2021 as well as larger bonuses and long-term incentive payouts, according to the most recent Compensation Advisory Partners (CAP) Pay Trends report. The study, summarizing 2021 compensation actions among 130 companies with median revenue of $14 billion, showed ...

By Adam Zaki • Oct. 7, 2022

Too-Strong Jobs Report Will Keep Fed On Course

While employers adding almost as many workers to their payrolls as expected is usually good news, on Friday it spooked the stock markets. The Bureau of Labor Statistics (BLS) reported U.S. nonfarm payrolls added 263,000 jobs last month, below expectations for 275,000, and down from August's addit...

By Vincent Ryan • Oct. 7, 2022

The 6 a.m. CFO: How Sandline Global’s CFO Glenn Hopper 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, Sandline Global CFO Glenn Hopper shares his love of lifelong learning — made apparent by his many careers and hobbies, how he manages a global workforce,...

By CFO Editorial Staff • Oct. 6, 2022

U.S. Job Openings Fall by 1.1M, a 10% Drop From July

The number of job openings in the United States fell to about 10.1 million on the last business day of August, from 11.2 million the previous month, according to data released by the U.S. Bureau of Labor Statistics (BLS) on Tuesday. A 10% drop, the August number was the largest decrease in open j...

By Vincent Ryan • Oct. 5, 2022

Experience and Hustle Can Be the Keys to the C-Suite

As the makeup of C-suites continues to change, the opportunity to get there has become more realistic to a larger portion of people with business and finance careers. While hustle, hard work, and a little luck can pay major dividends, those who have made it to the ranks of executives at their com...

By Adam Zaki • Sept. 30, 2022

CFOs On the Move: Week Ending September 30

  John R. TysonJohn R. Tyson | Tyson FoodsTyson Foods promoted John R. Tyson, son of Tyson Foods chairman John H. Tyson, to chief financial officer, effective Oct. 2. Tyson joined the company in 2019 and has been executive vice president of strategy and chief sustainability officer since October ...

By Lauren Muskett • Sept. 30, 2022

5 Tips to Help CFOs Become Better Negotiators

Ravi Narula recalls a particularly frustrating situation several years ago when closing a deal with a company in another country. The two parties had negotiated all terms. With no remaining questions or open items, they submitted the contract for legal review.  Ravi Narula, CFO of FinancialForce...

By Sandra Beckwith • Sept. 29, 2022

62% of Companies Are Planning to Disclose Pay Rate Information

Sixty-two percent of companies that lack salary disclosure policies intend to institute some form of it, without any push or guidance from local governments, a recent WTW survey found. Data points, including starting salaries and salary ranges for candidates and employees, are all up for consider...

By Adam Zaki • Sept. 23, 2022

CFOs On the Move: Week Ending September 23

  Julie BrownJulie Brown | BurberryBritish luxury retailer Burberry’s finance chief Julie Brown will step down on April 1, 2023. Brown is leaving Burberry after six years for a new position outside of the luxury industry. The process to identify her successor is underway. Brown joined the company...

By Lauren Muskett • Sept. 23, 2022

The 6 a.m. CFO: How Media Place Partners’ Jason Balk 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, Media Place Partners (MPP) CFO Jason Balk shares his casual morning routine, why he skips breakfast, and his love for 90s grunge rock.   Jason BalkMPP, ...

By CFO Editorial Staff • Sept. 22, 2022

85% of Companies Still Actively Hiring Despite Recession Fears: Weekly Stat

While CFOs are tightening budgets in preparation for a likely economic downturn, their counterparts in human resources are still focused on putting the best quality employees in an ideal work environment, according to a recent survey from Challenger, Gray & Christmas.  With talent acquisition...

By Adam Zaki • Sept. 21, 2022

Few Workers Tap Wellness Benefits When Stressed: Survey

For employer wellness and well-being benefit offerings, the pandemic and its aftermath should have been the time to shine.Such programs have been default parts of employee benefit packages for years, but were largely limited to discounted gym memberships and healthy eating tips in the early days....

By Vincent Ryan • Sept. 19, 2022

CFOs On the Move: Week Ending September 16

  Julie WhalenJulie Whalen | ExpediaJulie Whalen is the new finance chief of Expedia, where she has served on the board of directors for over three years. Whalen joins the online travel company from home products retailer Williams-Sonoma. She has been part of Williams-Sonoma’s finance organizatio...

By Lauren Muskett • Sept. 16, 2022

One-Third of CFOs Would Cut Jobs to Counter Recession: Weekly Stat

As recession chatter continues, finance executives are beginning to make preparations for what looks to be a continuation of downturning markets at minimum. While strategies differ, a new survey from Grant Thorton found nearly a third of CFOs would lay off some of their workforce to counter the c...

By Adam Zaki • Sept. 14, 2022

CFOs On the Move: Week Ending September 9

  Mike MaguireMike Maguire | TruistMike Maguire was promoted to finance chief of Truist, effective Sept. 15. Maguire is currently chief consumer finance and payments officer of the financial services company formed from the merger of SunTrust Bank and BB&T in 2019. Before that, Maguire was he...

By Lauren Muskett • Sept. 9, 2022

The 6 a.m. CFO: How Edgewood Resort’s Aaron Hartwig 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, Edgewood Resort CFO Aaron Hartwig shares how his dad continues to inspire his professional life, his favorite calendar on his desk, and how he best uses...

By CFO Editorial Staff • Sept. 8, 2022

New York First in Projected Growth of Auditor and Accountant Jobs: Weekly Stat

CFOs across all industries are competing to acquire talent for their support staff, and data from the Projections Managing Partnership recently identified the short-term geographic projections of roles finance chiefs could be looking to fill by 2023.Projections on four position categories — accou...

By Adam Zaki • Sept. 7, 2022

Bed Bath & Beyond Names Laura Crossen Interim CFO Following Gustavo Arnal’s Death

Bed Bath & Beyond (BBB), in the aftermath of the death of CFO Gustavo Arnal on Sept. 2, has named Laura Crossen as interim CFO, effective Monday, Sept. 5. Per an 8-K SEC filing on Sept. 2, Crossen, who previously served as senior vice president of finance and chief accounting officer, "will b...

By Andy Burt • Sept. 6, 2022

CFOs On the Move: Week Ending September 2

  Dominik AsamDominik Asam | SAPDominik Asam was named chief financial officer of SAP, effective March 7. Asam joins the business-software company from plane manufacturer Airbus, where he has been CFO since April 2019. Before that, he worked at Infineon Technologies AG, where he had been CFO sinc...

By Lauren Muskett • Sept. 2, 2022

First-Time Candidates Filled a Third of CFO Positions In 2022

A third of CFO positions (33%) placed this year were filled by first-time candidates, found the CFO Movement Study from Cowen Partners Executive Research. According to Cowen Partners' President Shawn Cole, this inaugural group of CFOs shares a trending similarity in their work experience.“The dec...

By Adam Zaki • Aug. 29, 2022

CFOs On the Move: Week Ending August 26

  Jeffrey DavisJeffrey Davis | Dollar TreeJeffrey Davis is joining Dollar Tree as its new CFO. Davis was most recently chief financial officer of Qurate Retail Group, a retailer and media conglomerate comprising seven retail brands including QVC, HSN, and Zulily. He earlier worked at Walmart for ...

By Lauren Muskett • Aug. 26, 2022

5 Mentorship Tips for Recruitment and Retention

Attracting and retaining employees has proved a challenge in the wake of unprecedented levels of employee resignations and an increased desire for hybrid or work-from-home options. Compounding this frustration is the high failure rate of young professionals in many industries, creating more job o...

By Ryan Campagna • Aug. 26, 2022

The 6 a.m. CFO: How Grossman Burn Centers’ Roy Pasco Starts His Day

Welcome to our new series, the 6 a.m CFO where CFOs share how they jump-start their days and engage with the tasks that are in front of them. In this series, CFOs share when they start their mornings, begin their workday, and, of course, their caffeine of choice. They also share best practices on...

By CFO Editorial Staff • Aug. 24, 2022

CFOs On the Move: Week Ending August 19

  James MockJames Mock | Moderna James Mock has been appointed CFO of Moderna, beginning September 6. Mock has been CFO at PerkinElmer, a large life sciences and diagnostics firm, since 2018. Before that, he worked at  General Electric for almost 20 years in a range of financial oversight capacit...

By Lauren Muskett • Aug. 19, 2022

CFOs On the Move: Week Ending August 12

  Brittany BagleyBrittany Bagley | AxonAxon, maker of the Taser and other law enforcement devices, named Brittany Bagley as its new CFO. She will also hold the newly created position of chief business officer. Bagley joins the company from speaker maker Sonos, where she was CFO. She joined Sonos ...

By Lauren Muskett • Aug. 12, 2022