Financial News and Analysis | CFO Dive
WEBNorfolk Southern acting CFO goes permanent amid C-suite shakeup. The Atlanta-based freight rail operator is refilling its ranks with insiders after firing its CEO and chief legal officer who were found to be having an affair. CFO Dive provides in-depth journalism and insight into the most impactful news and trends shaping the finance industry.
Stellantis CFO to step down in shakeup at beleaguered automaker
WEB1 day ago · Dive Brief: Automaker Stellantis announced its CFO, Natalie Knight, will be departing from her role as part of a suite of leadership changes, with Doug Ostermann to step into the top finance seat, according to a Thursday press release.Additionally, Stellantis confirmed a formal process has been started to find a successor for CEO Carlos Tavares, who will retire from his seat in 2026.
Deep Dive | CFO Dive
WEBJun 26, 2024 · Modern finance team makeovers: Chief accounting officers. CFOs and CAOs have developed a “symbiotic relationship” as the finance function morphs into a driver of business strategy. Grace Noto • April 30, 2024. Cars are king of the commute. But employers may have a once-in-a-generation chance to change that.
CFO Dive’s 2024 outlook roundup: Trends to watch
WEBJan 31, 2024 · CFO Dive’s 2024 outlook roundup: Trends to watch. Cooling inflation, an M&A rebound and an AI reckoning are among the top forces that could shape the corporate finance world this year. While there are growing signs that inflation — one of the biggest threats to CFO planning and performance — is in retreat, the “Goldilocks” style soft ...
Core consumer price inflation rises 3.3%, outpacing expectations
WEB2 days ago · T he core consumer price index, excluding volatile food and energy prices, rose last month at a 3.3% annual rate, exceeding forecasts and bolstering predictions that the Federal Reserve at its gathering next month will limit its cut to the main interest rate to a quarter percentage point. Costs for shelter, apparel, motor vehicle insurance ...
Huawei CFO takes second stint as chair amid reported ByteDance …
WEBOct 1, 2024 · The company reported a net profit of 87 billion yuan for the year. Meng’s second stint as chair, meanwhile, comes as Huawei looks to position itself as the dominant AI chip provider in its native China, as demand for chips that can power generative AI technologies and models soars. Revenue from AI semiconductors is expected to …
SEC sanctions Moog Inc. for alleged bribes, accounting flaws in India
WEB1 day ago · Dive Brief: T he Securities and Exchange Commission said Friday that it ordered publicly traded Moog Inc. to pay a $1.1 million civil penalty to resolve charges that it violated the Foreign Corrupt Practices Act because of bribes paid by its subsidiary in India.; The SEC alleged that from 2020 to 2022 employees at Moog Motion Controls in India bribed railway, aeronautics and other officials to ...
Financial Leadership News - CFO Dive
WEBOct 4, 2024 · Jack in the Box controller takes third spin as interim CFO. For her third go-round as interim CFO, Jack in the Box controller Dawn Hooper will see a $19,500 monthly boost to her annual salary, the company said. By Grace Noto • …
Modern CFOs as ‘chief value officers’: EY - CFO Dive
WEBOct 23, 2023 · Building on the technologies shaping the role, now the potential benefits of generative AI could enable CFOs to fully complete their ongoing transformation into strategic leaders for the business — turning them into “chief value officers” who are focused on strategic or value-added activities for the company rather than data aggregation or compliance activities, Campbell told CFO Dive in ...
CFOs look to tech, M&A to foster growth: Deloitte - CFO Dive
WEBJan 9, 2024 · Just over half of CFOs (51%) estimate that 1% to 10% of their growth in the next three years would come from M&A, while 19% estimated M&A could generate 11% to 50% of their growth in that period, according to the survey. Finance chiefs are also looking to emerging technologies such as generative AI …