Ex-construction CFO pleads guilty to wire fraud stemming from $890K embezzlement scheme
CFO Dive
APRIL 1, 2024
The former CFO is required to pay restitution of $890,000 in addition to other penalties and may also face time in prison.
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CFO Dive
APRIL 1, 2024
The former CFO is required to pay restitution of $890,000 in addition to other penalties and may also face time in prison.
CFO Dive
MAY 1, 2023
Pending shareholder approval, Jolanda Poots-Bijl is set to take the financial helm from Natalie Knight who is leaving to take another CFO role at automaker Stellantis.
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CFO News Room
JANUARY 6, 2023
As 2022 closes and 2023 begins, we spoke with the members of our senior sales team for the construction industry to get their thoughts on the challenges construction companies will face in the new year. They have been through many business cycles and have seen construction businesses thrive, survive, and fail.
CFO News
APRIL 5, 2024
Ricardo Constructions, a wholly-owned company of the SP Group engaged in the construction of residential apartments, raised the bonds from Asia Pragati Strategic Investment Fund, managed by PAG, a global alternative investment firm.
CFO Thought Leader
FEBRUARY 4, 2024
Kemp: Built Technologies is one of the fastest-growing construction and real estate technology companies. What we do is really to service construction lenders and their ability to manage individual loans and portfolios of loans that have to do with financing assets that don’t yet exist—which is a very complex thing.
CFO Share
JANUARY 31, 2024
What is a fractional CFO? A fractional CFO is a part-time CFO for small companies. Thanks to cloud-based bookkeeping , fractional CFOs have recently become accessible to even the smallest companies. Why would I hire fractional CFO services? Why would I hire fractional CFO services? The team behind your CFO.
CFO Talks
MARCH 14, 2024
The initial period of a new CFO’s tenure is pivotal for setting the groundwork for future success. In this critical time, a CFO must swiftly grasp the unique challenges and opportunities of the organization and start working on the new CFO responsibilities and strategies.
CFO News
JULY 9, 2023
Rao has been amongst the highest-paid CFOs in the industry. The country’s largest construction major L&T CFO Shankar Raman received the highest remuneration at Rs 28.6 crore during FY22 amongst all finance chiefs across public companies; L&T is yet to publish its FY23 annual report.
CFO News Room
JANUARY 23, 2023
based company on Monday said Patrick Hallinan will become CFO, effective April 6. Mr. Hallinan will remain CFO at Fortune Brands until March 2. the previous CFO, was elevated to chief executive officer. Stanley Black & Decker Inc. appointed the chief financial officer of Fortune Brands Innovations Inc.
PYMNTS
NOVEMBER 9, 2020
Many of these processes are decades-old and must follow complex regulatory guidelines, as is the case in the construction industry. Construction companies are facing both time and cash crunches due to dwindling work opportunities and slower payment timelines during the crisis. Late or lagging payment processes can expand costs.
The Finance Weekly
JANUARY 18, 2024
The traditional definition of a CFO is that he or she is the senior manager of all things financial for a company or corporation. The CFO monitors the company’s cash flow, analyzes its financial health, suggests recommendations for possible improvement, and oversees the company’s financial accounting, including timely and accurate reporting.
CFO News
DECEMBER 16, 2022
Speaking virtually at the 95th FICCI Annual Convention and AGM, he said, "We are trying to minimise use to cement and steel in construction work by adopting substitutes such as oil slag, waste plastic and rubber, and demolition waste among others."
Beacon CFO Plus
SEPTEMBER 6, 2023
When you provide constructive feedback, you can help your employees feel a sense of ownership. Work With Our Fractional CFOs Our fractional CFOs are ready to help you put in place stronger performance measurement that will lead to tangible business growth and success. Foster a culture of accountability.
Future CFO
FEBRUARY 15, 2022
Government services provider Serco Asia Pacific recently announced the appointment of Andrew Henry as CFO. Prior to joining Serco, Henry held senior management roles in infrastructure maintenance, construction, energy, mining, defence, water, PPP and telecommunication industries. He was previously Chief Commercial Officer of Ventia.
CFO Talks
MARCH 1, 2023
Jeandre de Greef is the CFO and Director of the Tristan Group, which provides procurement and project solutions to energy, construction, mining and shipping industries in many African countries. His route, which didn’t include the traditional CA path, shows that there are many ways to become a CFO.
CFO Thought Leader
SEPTEMBER 21, 2023
Not unlike that of many of his CFO peers, Derrek Gafford’s career path has been shaped in part by geography—specifically, by having its origins in a city that was at once home to a state college, the corporate headquarters of a marquee company, and a Big Four accounting office populated with new college grads.
CFO Share
AUGUST 8, 2023
The Chief Financial Officer (CFO) acts as your seasoned mountaineer, guiding your business towards its financial peak. This is where an outsourced CFO (aka fractional CFO) steps in, keeping your expedition moving toward the summit without delay. What are the Duties of an Outsourced CFO?
CFO Thought Leader
FEBRUARY 5, 2024
Inside The Mentoring Round, CFO Sam Kemp emphasizes the importance of understanding the gap between a business’s formal operating model and the actual, informal ways it functions. Recognizing this gap is crucial for new leaders to gain leverage quickly within an organization or a new division.
CFO Thought Leader
AUGUST 14, 2023
Of all of the career experiences that Robert Goldenberg has acquired on his way to the CFO office, you would think that his stint with a bankrupt landscaping company would not be apt to make his list of all-time opportunity door-openers. However, guess what? They’re not looking every day for a crane to buy. jb 6sense | www.6sense.com
CFO Thought Leader
AUGUST 6, 2023
Still, Ahuja’s Swiss experiences would prove to grow even more valuable in the years ahead, as he would come to occupy the CFO offices of Novartis Korea (3 years) and Novartis Japan (2 years). ” –Dev Ahuja, CFO, Novelis CFOTL: Tell us about Novelis …. what does this company do, and what are its offerings today?
Michigan CFO
NOVEMBER 7, 2022
A Chief Financial Officer (CFO) is an executive role within an organization that takes responsibility for finance, financial planning, mergers and acquisitions, valuation, financing and investors, and other important financial aspects of the business. Having an on-demand CFO can provide your business flexible expertise.
CFO Talks
MARCH 14, 2023
Komatsu supplies mining, construction, earthmoving and utility equipment all industries especially hard hit by power cuts. In particular, mining and quarrying, and construction saw negative economic growth for 2022. However, as a modern CFO, you cannot only rely on your IFRS textbook or your technical abilities.
CFO Talks
MARCH 8, 2023
By Jeff Ryan, MD of AWCape , a Platinum Sage business partner for HR, payroll and financial solutions As businesses become more digital and technology-driven, the role of the Chief Financial Officer (CFO) is rapidly evolving. In the past, the CFO was primarily responsible for financial management and ensuring compliance with regulations.
CFO Talks
JUNE 8, 2022
Over the last few years, the role of the CFO has undergone a profound shift. The CFO of today and tomorrow should be able to take financial data and use it to influence operational decision-making and strategy. . “ It’s a much broader role and that’s probably why you see CFOs getting ready to step into the role as CEO.”
CFO Dive
JULY 24, 2023
E-commerce and warehouse construction activity are showing signs of recovery, which could lead to increased demand for automation tools, according to Interact Analysis.
CFO Thought Leader
APRIL 30, 2023
By the time the general manager of Intel’s data center chipset business parted ways with the company, Julie Swinney had already advanced into one of their coveted business unit CFO positions. ” –Julie Swinney, CFO, Zendesk CFOTL: Tell us about Zendesk … what does this company do, and what are its offerings today?
CFO Thought Leader
APRIL 30, 2023
By the time the general manager of Intel’s data center chipset business parted ways with the company, Julie Swinney had already advanced into one of their coveted business unit CFO positions. ” –Julie Swinney, CFO, Zendesk CFOTL: Tell us about Zendesk … what does this company do, and what are its offerings today?
CFO Dive
SEPTEMBER 21, 2022
Record home prices, mounting construction costs and a Fed-spurred rise in mortgage rates have worsened a downturn in housing, homebuilders said.
CFO Dive
AUGUST 18, 2022
Factors including stock market volatility and a slump in both housing construction and manufacturing orders could cause a downturn by early next year.
Future CFO
DECEMBER 6, 2023
Being a chief financial officer (CFO) pertains not just to a career progression but the initiation of a whole new game, demanding a unique set of mindsets and practices to ensure not just immediate success but sustained value creation. This may involve making bold bets that could reshape core business functions.
Focus CFO
SEPTEMBER 12, 2023
With 3 decades of experience in finance and specializing in affordable housing management, construction, development, and investment, Troy brings a wealth of expertise to provide Fractional CFO services to businesses in the region. Troy Rambo has recently joined the FocusCFO team in Columbus, Ohio.
CFO Talks
MARCH 2, 2023
1X ‘ It’s not how well you talk, it’s about the work you put in’ Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. Komatsu Africa supplies mining, construction, earthmoving and utility equipment in Southern Africa. Go to www.cfoclub.co.za billion industrial complex in Johannesburg.
PYMNTS
SEPTEMBER 24, 2020
The September CFO Guide To Digitizing B2B Payments explores how corporate buyers are streamlining their B2B transactions with digital payments and supplier onboarding tools. The CFO Guide To Digitizing B2B Payments , a collaboration between PYMNTS and Comdata , examines how companies are upgrading to digital vendor onboarding and payments.
Generation CFO
JANUARY 21, 2022
The post Bulent Semovski, Financial Director, Ramboll Americas appeared first on Generation CFO. Bulent, who first started his finance career sixteen years ago as an auditor at Deloitte, believes simplicity is the key to overcoming issues and challenges within the finance function. . And he should know. Overseeing the acquisition.
CFO News Room
JANUARY 21, 2023
He also knows the value to him of the nails, of the wood, and of each of the other inputs that he’ll use to construct the table. For Joe to proceed with his plan to construct the table, he must expect that the value to him of the table will exceed the value to him of the sum of all the inputs used in its production.
The CFO Centre
OCTOBER 13, 2021
Our mathematical universe is constructed of numbers. appeared first on CFO Center USA. Numbers matter. Some we can see. Most we can’t. From the speed of light to the parabolic curve of a free-kick in soccer, maths underpins the laws of the universe. We can also deconstruct our entire lives in numbers.
CFO News
JANUARY 5, 2024
per cent growth, driven by thriving sectors, notably construction and manufacturing. In 2023-24, India's economy anticipates a robust 7.3 However, agriculture's modest 1.8 per cent growth diverges from the trend.
Future CFO
APRIL 26, 2020
FutureCFO spoke to Karthik Natarajan , regional chief financial officer, Asia Pacific, Middle East and Africa, Procter & Gamble (P&G), to get his perspective on digital transformation, the evolving role of the CFO, his personal experiences as a CFO, and advice to aspiring finance professionals. What is your view on this?
Future CFO
SEPTEMBER 10, 2023
“I think we need to recognise that the CFO role can mean a lot of different things in different businesses. It really depends on the type of business, their strategy and the type of skills they want the CFO to lead on.” Dan Wells, CFO at GrowCFO Charisma. Persuasive. These are qualities we often equate with leaders of the past.
Future CFO
DECEMBER 21, 2020
The importance of creating long-term value as part of an organization’s purpose is hitting home with CFOs. According to the 2020 EY DNA of the CFO survey , 82% of respondents say that they are increasingly seen by key stakeholders as the stewards of long-term value.
VCFO
JANUARY 18, 2024
Businesses that regularly contend with deferred revenue include subscription- or license-based businesses (like SaaS organizations or content streaming services), construction, professional services, or property management firms issuing rental agreements. — How much does deferred revenue impact your business?
CFO Talks
AUGUST 10, 2023
The company supplies equipment to the mining and construction sector and employs over 1400 people. appeared first on CFO Club Africa. Written by: Leigh Schaller Clive Chitungo, national operations reporting manager of Komatsu South Africa, shared with the CFOClub Podcast his journey marked by resilience and self-accountability.
The Finance Weekly
JANUARY 19, 2023
The CFO role traditionally has two high-level leadership archetypes: strategic and operational. An operational CFO optimizes performance by combining data from various departments with financial data. A strategic CFO focuses on creating long-term plans to achieve the company's goals. What is Operational Finance?
CFO News
NOVEMBER 17, 2023
Larsen & Toubro (L&T), India's renowned construction and engineering giant, has encountered a financial setback as Qatar's income tax authorities imposed penalties amounting to Rs 238.95 The penalties consist of Rs 111.31 crore and Rs 127.64
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