Human Capital: Page 27

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    Twitter Reorganizes, Names New Product Boss

    Twitter has named a new top product boss as part of a simplification of its management structure that organizes the company into functional groups.Ed Ho, the former vice president of both product and engineering, has been on leave from Twitter since May. Under the new structure, his job will be s...

    By Matthew Heller • June 29, 2018
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    How Employee Pay Programs Fall Short

    Employers’ base-pay programs tend to be too complex to effectively drive employee performance, new research suggests.Greater emphasis on incentive compensation could serve as a partial antidote. But, according to the research, the structure of pay-for-performance programs often leads to missed op...

    By • June 20, 2018
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    Mondelez Names New CFO to Replace Gladden

    Brian Gladden is stepping down as CFO of Mondelez International, the world’s second-largest confectionery company, and will be replaced by Luca Zaramella, a 20-year company veteran.Mondelez said Gladden, a former Dell executive, will leave the company in August to “pursue an opportunity outside o...

    By Matthew Heller • June 20, 2018
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    Backed by Finance Operations, Avnet Turns the Page

    Like its longtime rival Arrow Electronics, electronic components distributor Avnet is amidst a gritty transformation of its business, driven by fast-changing customer needs.Making the kind of move that’s clearly not for the faint-hearted, in February 2017 Avnet — 128th in the most recent Fortune ...

    By • June 19, 2018
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    Time Warner CFO Leaving in Post-Merger Reorg

    AT&T is moving quickly to reorder the executive ranks at Time Warner, with CFO Howard Averill among those leaving the company.John Martin, is also part of the departures that follow the long-delayed closing of AT&T’s $85.4 billion acquisition of Time Warner. Martin has led Time Warner’s T...

    By Matthew Heller • June 18, 2018
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    GM Names Dhivya Suryadevara as New CFO

    Another woman is moving into General Motors’ executive suite as the automaker on Wednesday named Dhivya Suryadevara as its new CFO, replacing Chuck Stevens, who is retiring.Suryadevara’s appointment puts GM in an elite group of companies that have a woman in both the CEO and CFO roles. Women have...

    By Matthew Heller • June 13, 2018
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    Want to Be a Nonprofit CFO? Much Will Be Familiar

    For corporate finance executives who want to de-stress their lives, moving into the nonprofit world is one obvious avenue. But some of the issues they would face there might remind them of their for-profit jobs.For one, their fellow C-suiters may not fully appreciate some of the challenges CFOs f...

    By • June 12, 2018
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    U.S. to No Longer Defend Key ACA Provisions

    The Trump administration may have thrown healthcare insurance markets into further turmoil by declaring it will not defend key provisions of the law against a legal challenge brought by Texas and other conservative states.The U.S. Supreme Court in 2012 found the Affordable Care Act’s individual m...

    By Matthew Heller • June 11, 2018
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    CFOs on the Move: Week Ending June 8

    Ellie Mae announced that Matthew LaVay, who holds the top finance spot, is leaving the firm effective June 15. While the company looks for his replacement, corporate controller Popi Heron will become interim CFO.Marshall Croom plans to retire as head of the finance function at home-improvement fi...

    By Joan Urdang • June 8, 2018
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    Athenahealth CEO Resigns Amid Strategic Review

    Athenahealth shares jumped on Wednesday after the healthcare technology company announced it was evaluating strategic options including a sale and that CEO and co-founder Jonathan Bush had resigned.Bush’s departure comes amid pressure from hedge fund Elliott Management, which last month made a ho...

    By Matthew Heller • June 6, 2018
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    United Airlines CFO Quits After 2 Years on Job

    United Airlines CFO Andrew Levy has resigned after less than two years on the job, catching Wall Street by surprise and prompting speculation of “serious conflict” in the airline’s top management.In a statement published on his LinkedIn page, Levy said United had faced “several challenges” since ...

    By Matthew Heller • May 18, 2018
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    Think There’s a Talent Shortage Now? Just Wait

    Businesses generally spend little time worrying about what might happen 10 or more years ahead. But if “what might happen” is a talent shortage so massive as to cause a wholesale, global reinvention of work norms and redistribution of labor, perhaps companies could muster up a smidgeon of concern...

    By • May 7, 2018
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    The Delicate Dance: Improving the CEO-CFO Relationship

    Instead of engaging in only the passive role of reporting, chief financial officers are expected to do a lot more: provide data and analysis to the board; help to structure the strategy of the company; and drive financial performance through improved information and decision-making.But to be succ...

    By Kerry Maruna • May 4, 2018
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    Caterpillar Taps Andrew Bonfield as New CFO

    After an extensive search, Caterpillar said Friday it had chosen Andrew Bonfield of Britain’s National Grid to replace Brad Halvorson as chief financial officer.The announcement of Bonfield’s hiring came on the day Halvorson retired after more than three decades with Caterpillar. He recently help...

    By Matthew Heller • May 4, 2018
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    CFOs on the Move: Week Ending May 4

    MetLife announced that head of finance John Hele has retired. Treasurer John McCallion, who joined the firm in 2006, has replaced him. It’s expected that Hele will remain a senior adviser to the company until September.Jill Woodworth Greg Lewis has been appointed vice president corporate finance ...

    By Joan Urdang • May 4, 2018
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    Walmart CEO’s Pay Rises 2% to $22.8 Million

    Walmart CEO Doug McMillon was paid nearly 1,200 times the salary of the median Walmart worker in 2017, according to the company’s annual proxy statement.McMillon’s total compensation rose 2% last year to $22.8 million, most of it — $15.7 million — coming from stock awards. He also drew a salary o...

    By Matthew Heller • April 20, 2018
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    Coinbase Names Alesia Haas as First CFO

    Hedge fund CFO Alesia J. Haas is moving from Wall Street to fintech, becoming the first finance chief at cryptocurrency wallet and exchange firm Coinbase.The current CFO of publicly traded Och-Ziff Capital Management joins a growing list of Wall Street bankers who, as CNBC reports, “have joined c...

    By Matthew Heller • April 18, 2018
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    Companies Near Gender Pay Parity, in a Sense

    Tuesday was this year’s “Equal Pay Day,” its date purportedly representing how far into the new year women have to work to catch up with the amount of money men earned in the prior calendar year.Across the country and around the world, women (and some men) wore red clothing to symbolize that wome...

    By • April 11, 2018
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    Kentucky Senate Passes Workers’ Comp Reform

    The Kentucky Legislature is moving toward passing a major overhaul of its workers’ compensation system that would eliminate the guarantee of lifetime benefits for some injured workers.The state’s most substantial workers’ comp reforms in decades have pitted business groups against organized labor...

    By Matthew Heller • March 26, 2018
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    Need a New Finance Job? Get Out and Network

    As a senior finance executive with extensive operating experience in the United States, Europe, and Asia, I had always been comfortably ensconced in my job and never had to think about “networking” to look for a new career path.Jeff Patuto That was until recently, after the real estate services c...

    By Jeff Patuto • March 22, 2018
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    U.S., Coca-Cola Partner on Blockchain Project

    In the first blockchain project of its kind, Coca-Cola is teaming up with the U.S. State Department to use the digital ledger technology to help combat forced labor.The new venture aims to create a secure registry for workers and their contracts with Coca-Cola and other multinational corporations...

    By Matthew Heller • March 21, 2018
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    CFOs on the Move: Week Ending March 16

    Chemical company FMC Corp. said that Paul Graves, who leads the finance function, will become CEO of its new lithium materials firm, which will be spun off later in the year. FMC treasurer Andrew Sandifer will add the post of CFO, effective May 15. Gilberto Antoniazzi, who heads finance at FMC Ag...

    By Joan Urdang • March 16, 2018
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    Inside the Fight for More Female CFOs

    With talk of gender equality in the workplace becoming commonplace, from the red carpet to the Ford production line, female finance executives are also getting in on the conversation. They’re scanning the C-suites of large companies and wondering why so few women are CFOs.Jenna Fisher of Russell ...

    By Jenna Fisher • March 13, 2018
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    CFOs on the Move: Week Ending March 2

    Grocery retailer and wholesaler SuperValu has promoted Rob Woseth to the top finance spot. He has been executive vice president, chief strategy officer, since 2013 and interim CFO since July of last year.Julie Swinehart Real estate investment trust Retail Properties of America has promoted Julie ...

    By Joan Urdang • March 2, 2018
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    Most Companies Have No CFO Succession Plan

    The corporate finance field is renowned for its discipline, but there’s one area where CFOs display what might appear to be an extraordinary degree of complacency.In a new Korn Ferry survey of 740 finance chiefs, only 34% of them said a succession plan is in place for their role. And 81% of the r...

    By • March 1, 2018