This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Glenn Coleman is leaving as the dental supply company struggles to regain its footing after a 2022 accounting probe uncovered ethical violations by ex-CFO Jorge Gomez.
The biotech will also be reducing its total workforce by approximately 33% and tapped its COO to take on responsibilities for finance as part of the restructuring.
In a memo to employees from CFO Christine McCarthy that was later leaked, she outlined plans for changes to the structure of the company’s financial team, according to a Business Insider report.
Longtime company alum Jaime Martinez will step in as interim CFO as Flex looks to execute on a restructuring plan aimed at improving its operational efficiency.
Restructuring expert Holly Etlin, named Bed Bath & Beyond’s interim finance chief in February, stepped into the roles of CFO and chief restructuring officer Saturday.
Bob Baker brings more than three decades of restaurant industry experience to his new position, having held finance chief roles at Checkers & Rally, Benihana, Pieology Pizzeria, and Café Rio Mexican Grill.
Alcoa’s controller will move to its CFO seat among an executive restructuring plan designed to help the company focus more deeply on cost and innovation.
The manufacturer’s CFO is stepping into the interim CEO seat after Jabil struggled with “revenue headwinds” amid an ongoing restructuring and cost realignment plan.
Paul Rouse is CFO and treasurer of Thryv Holdings, Inc., Rouse has an extensive career in finance and has been CFO of Dallas-based Thryv for over 10 years. Global Finance: How has the CFO role changed? Global Finance: How has the CFO role changed? Paul Rouse: The speed of change has been incredible.
The CVS Health executive is taking on the top finance seat as it looks to get back on track following a corporate restructuring, company-wide layoffs, and rising costs.
The 23-year company alum is stepping down among a pending shareholder lawsuit and efforts by the company to restructure following ongoing subscriber loss for its streaming business.
The bank is simplifying its business into four spheres and has tapped its chief risk and compliance officer, Pam Kaur, to become its next finance chief.
The seller of women’s handbags is planning to cut as many as two dozen jobs as part of a corporate restructuring initiative targeting $12 million in incremental cost reductions.
The regional bank will aim for low-level expense growth and conduct some measure of organizational restructuring as it looks to position itself to weather a mild recession, CFO Zach Wesserman said.
Cigna promoted Brian Evanko to chief operating officer and named a new CFO in his place, while Eric Palmer will be leaving the company as an apparent victim of the restructuring.
Interim CFO consulting delivers an efficient alternative for companies, granting access to top-tier financial management without the commitment of permanent employment. Whether handling a growth phase, tackling an economic downturn, or shifting between CFOs, an interim CFO can provide vital support and direction during critical periods.
As an alternative to calculating TDR, creditors that have implemented current expected credit losses (CECL) standards are to disclose their restructurings for distressed borrowers.
As smaller fintechs grapple with restructuring challenges, the card company expects there will be more opportunities for it in hiring talent and acquiring businesses, said CFO John Greene.
Alvarez & Marsal Managing Director Matt Kvarda will step in as interim CFO for beauty brand Revlon as it goes through corporate restructuring, with the consulting firm reaping a $165,000 monthly fee.
Elizabeth Burns, CFO of Gas du Cameroon (GDC), exemplifies this balance, demonstrating how strategic financial leadership can support environmental responsibility. Similarly, Pieter De Jager, CFO of Tanga Cement, pointed to the complexity of transitioning to renewable energy sources. Elizabeth, thank you so much for joining us.
The Key to Effective Risk Management in Business with Chris Weeks, CFO Center UK In the latest CFO Club podcast, we had the pleasure of hosting Chris Weeks from CFO Center UK. Hes an experienced CFO and finance leader with a strong track record in driving business performance, optimizing cash flows, and leading strategic growth.
Alphabet reached far outside its industry boundaries to recruit its new CFO; Anat Ashkenazi, an Eli Lilly veteran, takes charge of the Google parent’s finances this summer, replacing Ruth Porat, who was promoted to president and CIO. The post Incoming Alphabet CFO Knows The ABCs Of Innovation appeared first on Global Finance Magazine.
Inarguably, the potential change in financial leadership reflect a broader trend in the workplace, and organisations in the region that are seeking to keep up with an increasingly complex financial landscape can benefit from hiring a fractional CFO as a strategic partner to achieve sustainable growth.
So, now, help us understand how this evolved and where the challenges had come as this was evolving that got you to the point that you had to do some restructuring to make it this. How And Why Cean And His Partners Restructured Roles And Compensation [56:07]. Michael: So, I understand the structure now as it exists today for the firm.
In this episode of the CFO Club Podcast, Leana van der Merwe sits down with Paula Amesbury, Principal at CFO Center UK, to explore the essential principles of leadership, team management, and business transitions. The Rise of the Fractional CFO: A New Model of Leadership The traditional full-time CFO model is changing.
A significant decrease in revenue can result in layoffs or restructuring. Partnering with a fractional CFO means you get conservative financial business advice grounded in solid small-business risk management. To learn more, check out our CFO services. Weekly KPI reporting is an excellent way to detect sales risks early.
In today’s fast-paced business environment, leadership transitions are often unavoidable due to unexpected departures, mergers, or restructuring initiatives. Additionally, an interim CFO can optimize resource allocation by identifying inefficiencies and reallocating funds to critical projects, ensuring the organization remains on track.
The CFO Leadership Council proudly highlights our very first ten Diversity, Equity, and Inclusion Ascend Honorees! The Ascend program is an opportunity for Senior Finance Executives from underrepresented groups to join The CFO Leadership Council. Fisher Senior VP & CFO American Hospital Association. Christina Y. Christina Y.
As a turnaround CFO , I have seen too many good small businesses collapse under the weight of unmanageable debt. Then I am hired to negotiate with lenders to help small businesses restructure debt and avoid folding. Then I am hired to negotiate with lenders to help small businesses restructure debt and avoid folding.
Communicating the rationale for restructuring can be sound simple, but is actually requiring more than just a mere meeting with the team. As a finance leader , it is important that topics such as restructuring is properly and effectively communicated to the people to ensure that the team is on the same page.
CFOs must lean on a systematic phased approach to restructuring strategies for the future to be able to plan correctly , and consequently execute and adapt. Phase 1 – The case for change In the initial phase, finance leaders must make a compelling case for change and communicate the strategic rationale behind the restructuring.
HSBC’s CFO Ewen Stevenson said the bank plans to restructure its loss-making businesses after announcing an 18% year-on-year drop in pre-tax profit in Q3 on Monday. The post HSBC CFO: Bank to restructure after Q3 profit drop appeared first on FutureCFO. The Hong Kong-listed bank reported pre-tax profit of US$4.8
Sebi expands the scope of Unpublished Price Sensitive Information (UPSI) to include proposed fundraising activities, restructuring plans, and one-time bank settlements. Effective from June 10, Sebi's amended insider trading regulations aim to enhance regulatory clarity and compliance.
Facing competition from Adidas, Nike, and emerging brands, Puma's restructuring highlights broader workforce shifts in the retail sector amid profitability pressures. The company will also close select unprofitable stores while targeting an EBIT margin of 8.5%
943: Finding the Path Forward | Donald McClure, CFO, Identity Digital MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. Planful empowers finance, accounting, and business users to plan confidently, close faster, and report accurately.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
284 
Let's personalize your content