Financial News and Analysis | CFO Dive
WEBApple taps insider to succeed longtime CFO Luca Maestri. The Cupertino, California-based tech giant said Kevan Parekh — its VP of financial planning and analysis — would become CFO as part of a “planned succession.”. CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance industry.
US Bank doubles down on AR with Billtrust - CFO Dive
WEBAug 20, 2024 · But in a new partnership with Billtrust, the Minneapolis, Minnesota-based bank is looking to help businesses, largely vendors, speed the AR process through automation and digitization. It is positioning the new platform as a way for CFOs and treasurers to improve their working capital positions by accelerating the collections process.
Warehouse robot momentum faces cost, ROI challenges
WEBAug 6, 2024 · Dive Brief: More and more businesses are turning to mobile robots for purposes such as warehouse automation, but obstacles such as cost concerns could weigh on the nascent market’s momentum, research firm Interact Analysis found in a recent survey.; The lack of an available budget was ranked as the top barrier to mobile robot adoption, with a third of respondents reporting this as a ...
Women rise to five-year high in CFO appointments
WEBAug 14, 2024 · The number of women appointed as CFOs globally reached a five-year high in the first half of this year, although they remain underrepresented in the role, according to a recent report by leadership advisory firm Russell Reynolds Associates. Of the 163 CFOs appointed in the first six months of the year, 44 were women, a 33% increase over the ...
Building constructive partnerships to drive digital transformation
WEBAug 16, 2024 · The energies of a CFO should now be focused on making sure the adoption of new capabilities is carried out effectively, and that means building a constructive relationship with IT and Data Management. Effective digital transformation today means making a much deeper commitment than just buying a new IT product or upgrade, and it …
Estée Lauder controller lands CFO seat amid restructuring
WEBJul 24, 2024 · Estée Lauder is promoting its corporate controller Akhil Shrivastava, a nine-year company veteran, to succeed CFO Tracey Travis, whose plans to retire next year were announced earlier this month, according to a company release and securities filing Tuesday. Since joining the beauty products maker …
Producer price inflation slows, brightening outlook for Fed rate cut ...
WEBAug 13, 2024 · Traders in interest rate futures on Tuesday increased to 55% the odds that policymakers will reduce the federal funds rate by a half point at their Sept. 17-18 policy meeting, according to the CME FedWatch Tool. On Monday, traders saw 50% probability of such a reduction. Since July 2023 the central bank, seeking to curb inflation to its 2% ...
Citigroup’s Mason tops list of highest-paid bank CFOs
WEBSep 1, 2023 · Citigroup Inc. CFO Mark Mason was the highest-paid finance chief in the U.S. banking industry in 2022, with total adjusted compensation of approximately $15 million, according to an S&P Global Market study released Thursday. Mason, a 22-year veteran of the New York-based bank who has served as its …
Bolstering the CFO-CRO relationship to ensure AI investment returns
WEBAug 13, 2024 · Mark Khavkin is the CFO of cloud storage company MinIO, based in Redwood City, California. Views are the author’s own. Companies face rising pressure to show a r eturn on investment when it comes to artificial intelligence software spending, which is projected by Gartner to surge to $297.9 billion by …
Fed cuts main rate by half point, voices confidence inflation falling
WEB3 days ago · The Federal Reserve on Wednesday cut the main interest rate by a half percentage point to a range between 4.75% and 5%, citing progress in slowing inflation toward the central bank’s 2% goal from more than 9% two years ago. “This decision reflects our growing confidence that with an appropriate …
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