CFOs On the Move: Week Ending June 9

Guru RamamurthyGuru Ramamurthy | BayerBayer appointed Guru Ramamurthy as U.S. chief financial officer, effective July 1. Guru has worked at Bayer for 22 years, most recently as CFO of AskBio since 2021, an independently operated subsidiary of Bayer. Guru will continue to serve as AskBio CFO, work...

By CFO Editorial Staff • June 9, 2023

Reporter’s Journal: 7 Takeaways From the Latest CFO Events

Before my time at CFO, I covered cryptocurrency at its height. I attended banking and fintech conferences all over the U.S. in 2021, and the talk around blockchain technology in these sectors was extensive. Companies claimed to have never-before-seen products that were powered by the blockchain, ...

By Adam Zaki • June 9, 2023

3 Ways CFOs Can Drive a Cohesive Company Culture

The CFO has a large role to play in building a company’s vision and strategy — especially in times of economic uncertainty. That means stepping into roles that may not traditionally call for a “numbers person,” such as promoting a strong company culture.  Bryan Jones Successful leaders recogniz...

By Bryan Jones • June 8, 2023

70% of Employees Have Discussed Personal Salary With Co-Workers

Salary transparency, an issue that has taken political and legal strides in the workplace, is now making its way into conversations between co-workers. The frequency of these conversations has risen alongside the increase in negotiations in the hiring process, and laws mandating companies provide...

By Adam Zaki • June 7, 2023

Former SEC Chair Harvey Pitt Dies at 78

Former U.S. Securities and Exchange Commission chairman Harvey Pitt, originally appointed by President George W. Bush in 2001, passed away earlier this week. Pitt was 78 at the time of his passing on May 30, according to a statement received by Reuters from the director of the SEC Historical Soci...

By Andy Burt • June 2, 2023

The 6 a.m. CFO: How Everphone’s Veronika von Heise-Rotenburg Starts Her 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, Everphone's Dr. Veronika von Heise-Rotenburg shares her morning pet routine, where she gets the herbs for her daily homemade teas, and how a narrow focus...

By CFO Editorial Staff • June 1, 2023

Consumer Goods Giants Nestlé, Unilever Announce CFO Departures

Consumer product behemoths Unilever and Nestlé announced the departures of their veteran chief financial officers, Graeme Pitkethly and François-Xavier Roger, respectively, on Tuesday. Graeme PitkethlyPitkethly is retiring from Unilever, whose products include everything from bath soap to ice cre...

By Vincent Ryan • May 30, 2023

5 DE&I Strategies for Small Businesses

Since 2020, many organizations have invested in diversity, equity, and inclusion (DE&I) strategies to strengthen internal culture, cater to shifting global culture, and respond to political, social, and racial unrest. While there have been notable strides in recent years, DE&I is still a ...

By William P. Cooper • May 26, 2023

CFOs On the Move: Week Ending May 26

Zane RoweZane Rowe | WorkdayZane Rowe was appointed finance chief of HR software maker Workday, effective June 12. Since March 2016, Rowe has been CFO of VMware. He also stepped in as interim CEO of VMware for four months in 2021. Previously he was CFO of EMC, CFO of United Airlines, and led Nort...

By Lauren Muskett • May 26, 2023

CFOs On the Move: Week Ending May 19

Erin BrewerErin Brewer | LyftLyft hired Erin Brewer as the ride-sharing company’s new finance chief, effective July 10. Most recently, Brewer was managing director of enterprise finance at Charles Schwab. She was previously head of strategy and finance at Atlassian where and spent 13 years at McK...

By Lauren Muskett • May 19, 2023

Gauging Work Ethic in a Multigenerational Environment

Managing a multigenerational workforce, something that nearly all business leaders do, can be extremely challenging. Between constructing the ideal work environment, balancing the right amount of benefit offerings, and ensuring employee morale and productivity is high, CFOs and their fellow leade...

By Adam Zaki • May 19, 2023

The 6 a.m. CFO: How Pine Labs’ CFO Marc Mathenz 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, Pine Labs' Marc Mathenz shares how he gets involved in anything in the company that he feels adds value — even if it's outside of a traditional finance r...

By CFO Editorial Staff • May 18, 2023

GE Names New CFO Rahul Ghai to Replace Carolina Dybeck Happe

General Electric is changing finance chiefs as the company prepares to spin off its businesses next year. Rahul Ghai will become chief financial officer of GE on Sept. 1 while retaining his role as CFO of GE Aerospace — a role he has held since August 2022. Ghai succeeds Carolina Dybeck Happe, wh...

By Lauren Muskett • May 18, 2023

72% of C-Suite Leaders Are Stressed About Personal Finances

Trading time for work experience has been a part of skills development since the earliest stages of commerce. Leaders who give up time with their families and friends have done so because of the rewards it brings: equity in the company, high salaries, leadership positions. The compensation for a ...

By Adam Zaki • May 17, 2023

CFOs On the Move: Week Ending May 12

Marcus GloverMarcus Glover | Bally'sCasino-entertainment company Bally's appointed Marcus Glover as chief financial officer. Glover was most recently chief strategy officer of QPSI, a supply chain solutions and contract packaging company. Before that, he worked for MGM Resorts as president and ch...

By Lauren Muskett • May 12, 2023

70% of Gen Z Employees Would Switch Jobs for Better Tech: Weekly Stat

As retirement becomes harder to achieve, older workers continue to stick around in their jobs for longer than they would’ve in the past. This has resulted in a multi-generational workforce on a large scale, arguably for the first time in U.S. history.With those who remember where they were during...

By Adam Zaki • May 10, 2023

Finance Managers Earn 5.3% Salary Bump

Corporate finance professionals at all job levels received base salary increases of 5% on average during 2022, up from 4.4% in 2021, the largest increase in the past 10 years, according to the Association for Financial Professionals (AFP).Management-level finance employees, such as directors of t...

By Vincent Ryan • May 10, 2023

CFOs On the Move: Week Ending May 5

Vanessa HudsonVanessa Hudson | QantasQantas named its finance chief, Vanessa Hudson, as its next CEO, making her the first woman to lead the century-old airline. Hudson has held several senior roles at Qantas over the last 28 years, including chief customer officer and senior vice president for t...

By Lauren Muskett • May 5, 2023

Should CFOs Keep Their Office Space?

Leaders across industries have gotten creative — sometimes forceful — in their initiatives to encourage their employees to return to the office. As work/life balance, productivity, and employee engagement have been at the forefront of labor conversations for executives, the approach to revamp the...

By Adam Zaki • May 5, 2023

The 6 a.m. CFO: How Epicor’s Sam Monti 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, Epicor's Sam Monti shares how he keeps the oxygen in his business meetings, how "the sweet science" plays a role in his life, and the powerful Leonardo d...

By CFO Editorial Staff • May 4, 2023

Layoffs at U.S. Businesses Rose 16% in March

The temperature of the jobs market may finally be falling, albeit slowly, according to data from the U.S. Job Openings and Labor Turnover survey.With the Federal Reserve set to announce another 25-basis-point rate hike today, March layoffs at all-size U.S. businesses rose 16% from February to 1.8...

By Vincent Ryan • May 3, 2023

CFOs On the Move: Week Ending April 28

Margherita Della ValleMargherita Della Valle | VodafoneBritish telecoms group Vodafone appointed the company’s interim CEO and chief financial officer, Margherita Della Valle, as its permanent chief executive officer. Della Valle will continue as group chief financial officer until an external se...

By Lauren Muskett • April 28, 2023

AI Hiring Tools Will Require a Bias Audit in NYC

To the cost of searching for, interviewing, and onboarding job candidates, add one more line item if you are hiring people in New York City: the expense of hiring someone to do an independent audit of the software you use to screen candidates.A new New York City law is trying to bring transparenc...

By Vincent Ryan • April 28, 2023

Autonomy in the Workplace: Boost Employee Productivity and Happiness

Between the communication limits of remote work, the empowerment felt by employees, and the influence technology has on how work is allocated, completed, and assessed, the days of managers closely managing their staff are gone in some organizations. The idea that professionals must be directly to...

By Adam Zaki • April 27, 2023

Only 36% of Finance Teams Think Leaders Empathize Amid Change

The CEO-CFO relationship has a significant impact on whether or not a finance chief is satisfied and willing to stay in their role. Research reveals that the relationship between CFOs and their teams seems to have a similar effect.Talent retention issues and employee well-being being at the foref...

By Adam Zaki • April 26, 2023