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

Employers Project 5.6% Jump in Health Benefit Costs

With inflation eating wage gains, most workers would rather not see more money drained from their paychecks to cover healthcare insurance. At the same time, healthcare plans are the most expensive part of benefits packages.For 2023, CFOs face another challenging year in balancing cost containment...

By Vincent Ryan • Aug. 12, 2022

The 6 a.m. CFO: How Vacasa’s Jamie Cohen Starts Her Day

Welcome to 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 how they struc...

By CFO Editorial Staff • Aug. 11, 2022

Hunt for Productivity: Labor Costs Up 10.8% While Output Falls 4.6%

When an organization spends generously to retain employees and hire new ones, it likes to see employee productivity increase. But that's not happening in the U.S. economy. In fact, labor productivity is falling, even as workers get paid more, according to data released Tuesday by the U.S. Labor D...

By Vincent Ryan • Aug. 10, 2022

CFOs On the Move: Week Ending August 5

  Blake JorgensenBlake Jorgensen | PayPal PayPal appointed Blake Jorgensen as finance chief. Jorgensen most recently worked at video game maker Electronic Arts, joining in 2012. During his time at the company, he held several roles, including CFO and chief operating officer. He has previously hel...

By Lauren Muskett • Aug. 5, 2022

Naming An Interim CFO Has Its Benefits

The appointment of an interim CFO is often seen as a sign of poor succession planning: the organization got caught flat-footed by the prior chief financial officer’s vacating the top finance job, for whatever reason. That may be the case at times, but doesn’t mean appointing an interim CFO should...

By Vincent Ryan • Aug. 5, 2022

CFOs On the Move: Week Ending July 29

  Susan LiSusan Li | MetaMeta, Facebook and Instagram's parent company, promoted Susan Li to CFO. Li is currently vice president of finance of the social media company and will take over as finance chief on November 1. Li replaces David Wehner, who will take on a new role as the company’s first c...

By Lauren Muskett • July 29, 2022

The 6 a.m. CFO: How MSH’s Landon Cortenbach Starts His Day

Cortenbach shares how he begins his day with meditation, the Robert Frost quote that inspires him, and one thing you wouldn’t know about him from his business bio.

By CFO Editorial Staff • July 28, 2022

To Stem Turnover, Employers Favor Higher Salaries and Remote Work

What are businesses doing to retain finance and accounting staff and make job offers more appealing to candidates when they have open positions?Both can be a challenge. In the spring CFO Survey from Duke University and the Richmond Federal Reserve Bank, three-quarters of CFOs responding said the ...

By Vincent Ryan • July 27, 2022

CFO to CEO: Lean Into the Unfamiliar

CFOs’ unique vantage point into the business often positions them as viable CEO successors. And, in fact, roughly one in 10 new S&P 500 CEOs comes from the chief financial officer role. Yet, despite these advantages, promoted CFOs face the toughest odds to outperform as CEOs. As part of Spenc...

By Claudius A. Hildebrand, Jenna Bayard, and Joel von Ranson • July 22, 2022

CFOs On the Move: Week Ending July 22

  John MurphyJohn Murphy | The Coca-Cola CompanyJohn Murphy, CFO and executive vice president of the Coca-Cola Company, will take on the additional role of president. Murphy began his career at the beverage company in 1988 as an international internal auditor and has held a variety of general man...

By Lauren Muskett • July 22, 2022

Fewer Than 1 of 4 Workers’ Recognition Needs Fulfilled: Weekly Stat

The future of work, according to a report by Gallup and Workhuman, a cloud-based employee-management platform, is showing employees they are valued."Employees bring their wellbeing, or lack thereof, to work with them every day," according to the report. "It shows up in their productivity levels, ...

By Vincent Ryan • July 20, 2022

CFOs On the Move: Week Ending July 15

  Christine ChambersChristine Chambers | PetMed ExpressChristine Chambers will take over as finance chief of PetMed Express on August 3. Chambers joins the online pet pharmacy from digital media company RealNetworks, where she has been chief financial officer since March 2021. Before that, she wa...

By Lauren Muskett • July 15, 2022

CFO Communication Skills: ‘Invest in Empathy’

Early in Emily Sander’s career, she attended a leadership meeting that included an acronym-intense presentation by the company’s CFO.  “I noticed the person next to me furiously Googling MRR and other terms,” says Sander, a leadership coach and founder of Next Level Coaching.    Emily Sander “I...

By Sandra Beckwith • July 15, 2022