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.
Truist pushes ambitious reorganization in $750M cost-cutting plan
WEBNov 6, 2023 · Truist announced its plan to realize $750 million in cost savings over 12 to 18 months during the Barclays Global Financial Services Conference in September. At the time, CEO Bill Rogers said the company would make “sizable reductions” to its workforce over the next three quarters centered around a restructuring that included consolidated ...
10 of the year’s biggest CFO stories - CFO Dive
WEBDec 2, 2022 · 10 of the year’s biggest CFO stories. Throughout the year, CFO Dive provides a range of content relevant to finance professionals, from cash management strategies to scenario planning ideas to budgeting innovations. It also shares expert insight into the day’s most important finance news, like Federal Reserve interest rate moves.
Intel CFO sees diversification as key to combating supply chain ...
WEBJun 15, 2022 · Justin Sullivan via Getty Images. Diversifying access to suppliers is essential to circumventing supply chain challenges as numerous geopolitical factors continue to affect global trade and commerce, David Zinsner, executive vice president and CFO for semiconductor chip manufacturer Intel, said during a …
FASB backs off bigger software accounting revamp | CFO Dive
WEBMar 21, 2024 · Dive Brief: The Financial Accounting Standards Board on Wednesday backed away from pursuing a more substantial revamp of its existing accounting standards that would have created a single model to account for software, instead voting to keep the current optionality and to pursue a more incremental, “targeted” approach to …
Toast CFO leans into tactical investments for market share
WEBFeb 25, 2022 · Toast Inc., an end-to-end restaurant payments and software-as-a-service (Saas) platform serving the restaurant industry, is doubling down on its strategic investing to drive its market share, according to CFO Elena Gomez. The company is staying its course amid a broader sell-off in the cloud-computing sector since November and volatility in the ...
Walmart used AI to crunch 850M product data points and improve …
WEBAug 15, 2024 · Walmart is using generative AI to improve the data quality of its product catalog in pursuit of CX benefits for its customers and associates, executives said on a Q2 2025 earnings call Thursday. Cleaner data can help associates find specific products by quickly accessing images of packaging. Customers using Walmart’s AI assistant will soon ...
The only 3 KPIs Peloton CFO tracks | CFO Dive
WEBNov 24, 2019 · BOSTON — When Jill Woodworth, CFO of fast-growing exercise bike company Peloton, looks at how well her company is doing, she focuses on only three metics: engagement, subscriber growth and churn.. That approach keeps her focus on the long-term growth trajectory of the company, whose September initial public offering (IPO) raised $1.2 billion after the stock price opened at $27, a small dip ...
KPMG’s 29-year SVB stint stirs independence debate
WEBMar 16, 2023 · The Big Four firm rotated in a new “engagement partner” for SVB in 2021, according to Benedikt Quosigk, an accounting professor at Kennesaw State University in Keenesaw, Georgia who reviewed filings on the matter made with the Public Company Accounting Oversight Board.. Two camps on firm rotation. U.S. regulators have long contemplated limiting how long auditing firms can serve a certain ...
Manufacturers plan to boost wages at record 3.5% rate
WEBSep 13, 2021 · Manufacturers during the next 12 months plan to increase wages and full-time employment by 3.5% and 3.8%, respectively — record rates in quarterly surveys dating to 1997, according to the National Association of Manufacturers. They expect to push up capital spending by 3.6%, the highest increase since 2018.
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