CFOs On the Move: Week Ending April 1

  Stephanie PopeBoeing Commercial Airplanes CFO Stephanie Pope has been promoted to president and CEO of Boeing Global Services. In her two decades working at Boeing, Pope has held a number of leadership positions, including chief financial officer of Boeing Global Services and vice president of ...

By Lauren Muskett • April 1, 2022

CFOs: Unfilled Jobs Negatively Affecting Revenue, Operations

If allocating more budget to employee wages and benefits solved the problem of a lack of qualified workers to fill open positions, companies might be able to outlast a tight labor market. But what if a company still can't fill open jobs and has so many unfilled jobs that its operations and revenu...

By Vincent Ryan • March 31, 2022

CFOs On the Move: Week Ending March 25

  Luka MucicSAP’s chief financial officer Luka Mucic is leaving the company. SAP has started the search for his successor, and Mucic will continue as CFO until March 31, 2023. Mucic is the third CFO in the software company’s 50-year history. Mucic started his career at SAP in 1996 in the corporat...

By Lauren Muskett • March 25, 2022

To the New or Aspiring CFO

When a first-time CFO or a CFO new to an organization takes the reins, they should be prepared to face challenges beyond spreadsheets and income statements. In many ways, the CFO serves as a “consigliere” to the CEO, an indispensable adviser and right-hand man or woman. An effective CFO takes ful...

By Greg Milano • March 23, 2022

CFOs On the Move: Week Ending March 18

   Katie AndersonNeiman Marcus Group named Katie Anderson as the luxury retailer’s new chief financial officer, effective April 4. Anderson joins the company from retailer Guess?, where she is finance chief. She previously held chief financial officer roles at restaurant chain California Pizza Ki...

By Lauren Muskett • March 18, 2022

How CFOs Can Win the Struggle for Talent

The C-suite is worried. According to Grant Thornton’s survey of nearly 250 senior finance leaders, 68% of respondents believed their organization would see a talent shortage this year. More than half (53%) expected that shortage would affect their business.   Tim GlowaThe concerns are valid: 2021...

By Tim Glowa and Sharon Whittle • March 17, 2022

CFOs On the Move: Week Ending March 11

  Brice HillChip equipment maker Applied Materials hired Brice Hill as its new CFO. Hill joins the company from semiconductor company Xilinx, where he was chief financial officer during its $50 billion acquisition by Advanced Micro Devices. He previously worked at Intel for more than two decades,...

By Lauren Muskett • March 11, 2022

Weekly Stat: Coaxing Women to Rejoin the Labor Force

Nonfarm U.S payrolls bulked up in February, increasing by 678,000. The Bureau of Labor Statistics also raised the payroll numbers for December 2021 and January 2022 by a combined 92,000. With more children at in-person school, women made up about half of the payroll adds in the nonfarm numbers. B...

By Vincent Ryan • March 7, 2022

CFOs On the Move: Week Ending March 4

Sinead GormanShell promoted Sinead Gorman to chief financial officer, effective April 1. Gorman is currently executive vice president of finance in the oil and gas company’s global Upstream business. She started her career as a civil engineer before beginning a finance career when she joined Shel...

By Lauren Muskett • March 4, 2022

CFOs On the Move: Week Ending February 25

Jeff D'OnofrioCafeMedia hired Jeff D'Onofrio as its first finance chief. D'Onofrio joins the ad management service from Tumblr, where he spent eight years as CFO, COO, and finally as chief executive officer. Before that, his career spanned live streaming, social media, advertising, and commerce i...

By Lauren Muskett • Feb. 25, 2022

Remote Teams Thrive on Trust and Connections

Global and multinational organizations have always faced the remote work challenge. If your team is distributed across the world, how could you not? The complexity of leading a global work team, in which members come from two or more national or cultural backgrounds, is even higher. The same g...

By Steve McNally • Feb. 23, 2022

CFOs On the Move: Week Ending February 18

Tina HultkvistTina Hultkvist will take over as chief financial officer of Volvo Group on March 15. Hultkvist joined the company in 1998 and is currently senior vice president of group reporting, tax, and control. Hultkvist succeeds Jan Ytterberg, who will step down as group CFO and continue as a ...

By Lauren Muskett • Feb. 18, 2022

Help Employees Find Purpose Again

As the world settles into permanent work-from-home and hybrid office models, many workers feel a bit nomadic as they fluctuate between the office, house, and wherever else they can find a Wi-Fi connection. Instead of savoring this new work-life, some have found themselves craving a modicum of the...

By Brian Peccarelli • Feb. 16, 2022

CFOs On the Move: Week Ending February 11

Stephen ScherrStephen Scherr, who was finance chief of Goldman Sachs until the end of last year, will take over as CEO of rental-car company Hertz on Feb. 28. Scherr spent nearly three decades at Goldman Sachs, leading the company into consumer banking by building its Marcus division and launchin...

By Lauren Muskett • Feb. 11, 2022

Stat of the Week: Job Reports for January Diverge

Investors, economists, and finance executives all braced for a subdued jobs report on Friday. Days before, the White House sought to lower expectations, disclosing that the omicron variant had caused nearly 9 million workers to call out sick just when the government collected jobs data. Then on T...

By Vincent Ryan • Feb. 5, 2022

CFOs on the Move: Week Ending February 4

Defense contractor Lockheed Martin announced it had appointed Jesus “Jay” Malave, recently departed finance chief of rival L3Harris, to be the company’s next CFO. Malave had been CFO of L3 Harris since the mid-2019 merger of L3 Technologies and Harris. Prior to that, he served as vice president a...

By Vincent Ryan • Feb. 4, 2022

Opinion: Improve Employee Health Using Behavioral Economics

Prioritizing employee health and wellness is critical to recruiting and retaining the best talent. Healthy employees tend to be more productive and express more job satisfaction, according to the U.S. Centers for Disease Control and Prevention. But what can companies do to improve the health of w...

By Dr. Joseph Sanford and Dr. Kevin Sexton • Feb. 3, 2022

Stat of the Week: Workers Quitting Heightens Hiring Struggles

If you follow the monthly numbers from the Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics (BLS), you are in good company: Federal Reserve Chair Jerome Powell is closely tracking them as well.Of particular interest to Powell and economists, especially since the ...

By Vincent Ryan • Jan. 28, 2022

CFOs on the Move: Week Ending January 28

Kraft Heinz appointed Andre Maciel as executive vice president and global CFO, effective March 2. Maciel had been U.S. CFO and head of digital transformation. At Kraft Heinz since 2013, he has also been vice president of global FP&A. Maciel will succeed Paulo Basilio, who resigned on January ...

By Vincent Ryan • Jan. 28, 2022

CFOs on the Move: Week Ending January 21

EMC finance veteran Denis Cashman was named finance chief of Onapsis, a provider of cybersecurity and compliance software platforms. Before joining Onapsis, Cashman served as CFO of Affirmed Networks and helped lead that company’s sale to Microsoft’s Azure business unit. Cashman spent nearly thre...

By Vincent Ryan • Jan. 21, 2022

Welcome (back) to CFO

Nearly two years ago, much as I still do today, I was considering the wild trajectory that leadership can take in times of unexpected events and great crisis. When the pandemic was suddenly upon us in the first quarter of 2020, a cadre of people leapt into action, and the leaders we know best at ...

By Andy Burt • Jan. 18, 2022

2022 Outlook: CFOs’ 4 realms of risk

2022 is a pivotal year for CFOs. Unemployment is low, and, according to Moody’s analysts, the omicron COVID-19 variant  is "unlikely to derail" the economy's "solid expansionary path.” So, why did the optimism of chief financial officers fall late last year, per the Federal Reserve Bank of Richmo...

By Vincent Ryan • Jan. 18, 2022

CFOs on the Move: Week Ending January 15

AutoWeb named Carlton Hamer as chief financial officer, effective Jan. 10. A CPA, Hamer comes from Cox Automotive, where his positions included senior director of finance/controller of the AutoTrader.com division. AutoWeb is an automotive sale matchmaking platform.Whole Earth Brands, a provider o...

By Vincent Ryan • Jan. 18, 2022

Intel Taps Micron’s Zinsner as New CFO

David Zinsner Intel shares got a boost on Monday after the chipmaker announced it had picked Micron finance chief David Zinsner as its new CFO.Zinsner had served at Micron for almost four years, following a career in financial positions at several other technology companies, including Affirmed Ne...

By Matthew Heller • Jan. 11, 2022

CFOs on the Move: Week Ending January 7

Henry Schein announced that Steven Paladino plans to retire as executive vice president and CFO, effective Apr.29, 2022, after 35 years of service. Ronald N. South, the company’s vice president of finance since 2008 and chief accounting officer since 2013, was named the health care distributor’s ...

By Vincent Ryan • Jan. 7, 2022