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

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

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

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

A CFO Action Plan for 2022

Many small- and medium-sized businesses continue to navigate through incredibly turbulent waters. After enduring multiple COVID-19 spikes over the last 18 months, what challenges will these businesses encounter in the new year? What actions should their CFOs be taking in 2022? While some organiza...

By Steve McNally • Jan. 5, 2022

CFO Arrivals, Promotions, and Departures 2021

CFO turnover from January to October 21 in the S&P 500 was 16%, about even with the two prior years, according to Russell Reynolds. In good news for finance staffers trying to move up the ladder, the promotion of internal finance executives to the CFO seat occurred in 68% of the appointments....

By Vincent Ryan • Dec. 23, 2021

CFOs on the Move: Week Ending December 17

Katja Dürrfeld Auto parts maker Continental AG named Katja Dürrfeld chief financial officer, effective immediately. Dürrfeld will be responsible for group finance and controlling and group information technology. She will also be responsible for finance in the future automotive group sector begin...

By Vincent Ryan • Dec. 17, 2021

CFOs On the Move: Week Ending December 10

Brian Dong Children’s finance app company Greenlight Financial Technology appointed Brian Dong its chief financial officer. Dong joins Greenlight from Goldman Sachs, where he served as managing director in investment banking, advising companies such as Apple, eBay, Square, and Qualcomm.  As CFO, ...

By Vincent Ryan • Dec. 10, 2021

Lyft CFO Takes Crypto Plunge Into OpenSea

Lyft CFO Brian Roberts has been named the first finance chief of OpenSea in a move that takes him from big tech to a crypto assets startup.OpenSea is the largest marketplace for NFTs (non-fungible tokens), a crypto segment that offers unique digital assets such as sports memorabilia and art colle...

By Matthew Heller • Dec. 6, 2021

CFOs on the Move: Week Ending December 3

Ride-hailing service Lyft on Thursday announced that Elaine Paul was named chief financial officer, effective Jan. 3, 2022. Paul replaces Brian Roberts, who is stepping down but will remain an adviser until June 2022. Since 2019, Paul has served as CFO and vice president of finance for Amazon Stu...

By Vincent Ryan • Dec. 3, 2021

JPMorgan’s Youngwood Named CFO of UBS

Sarah Youngwood Swiss bank UBS has named JPMorgan Chase veteran Sarah Youngwood as its next CFO, adding a woman to its executive board.Youngwood will replace Kirt Gardner when he steps down in May 2022 to “pursue other opportunities,” UBS said. She has worked at JPMorgan for 24 years, most recent...

By Matthew Heller • Dec. 1, 2021

Walmart CFO Brett Biggs Is Stepping Down

Brett Biggs Walmart’s longtime corporate finance executive Brett Biggs is stepping down from his position as the company’s CFO, the retailing giant revealed on Monday.Biggs, who has held the top finance post since 2015, will stay in the role until Walmart finds a successor. He will then assist wi...

By Vincent Ryan • Nov. 29, 2021

CFOs On the Move: Week Ending November 19

Barbara Larson Enterprise software provider Workday promoted Barbara Larson to chief financial officer, effective February 1, 2022. Larson joined Workday in 2014 and most recently was senior vice president of accounting, tax, and treasury. She has also been general manager of Workday financial ma...

By Vincent Ryan • Nov. 19, 2021

Frank D’Amelio to Step Down as Pfizer CFO

Frank D’Amelio is retiring as CFO of Pfizer after a 14-year tenure during which he played key roles in transformative transactions and the drugmaker’s response to the COVID-19 pandemic.Pfizer said Wednesday it had begun an external search for D’Amelio’s successor and that he had agreed to stay wi...

By Matthew Heller • Nov. 18, 2021

Global Health Benefit Costs to Rise 8.1% in 2022

Employer-sponsored healthcare benefit costs are expected to increase in 2022 at a similarly brisk rate as this year, though growth will vary widely in different regions due to the asymmetric impact of the COVID-19 pandemic, according to Willis Towers Watson.In its 2022 Global Medical Trends Surve...

By Matthew Heller • Nov. 17, 2021

CFOs On the Move: Week Ending November 12

Mozilla, the organization behind the Firefox internet browser, appointed Eric Muhlheim chief financial officer. Muhlheim’s most recent corporate position was chief financial and administrative officer at BuzzFeed. He was also CFO of Helix Education, a provider of technology products to colleges, ...

By Vincent Ryan • Nov. 12, 2021