Jabil CFO steps up as CEO is placed on paid leave
CFO Dive
APRIL 19, 2024
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.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. 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. View our privacy policy and terms of use.
CFO Dive
APRIL 19, 2024
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.
CFO Dive
APRIL 24, 2023
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
CFO Dive
APRIL 26, 2023
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.
CFO Dive
JANUARY 11, 2023
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.
Future CFO
JANUARY 11, 2024
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.
CFO Thought Leader
OCTOBER 18, 2023
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.
CFO Share
APRIL 25, 2024
Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. What is the role of a CFO in reviving a financially troubled business? What does a CFO do when your business is in trouble? What does everyone else think?”
CFO Share
APRIL 25, 2024
Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. What is the role of a CFO in reviving a financially troubled business? What does a CFO do when your business is in trouble? What does everyone else think?”
CFO Share
APRIL 25, 2024
Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. What is the role of a CFO in reviving a financially troubled business? What does a CFO do when your business is in trouble? What does everyone else think?”
CFO Share
APRIL 12, 2024
Here’s one piece of universal small business advice to all business owners: invest equal time in financial risk management as growth planning. A significant decrease in revenue can result in layoffs or restructuring. To learn more, check out our CFO services. What would you do if you lost your largest customer?
Beacon CFO Plus
JANUARY 30, 2024
When CFO Services Become a Strategic Imperative In the ever-evolving business landscape, the decision to bring in external expertise can have a major impact on your success. Regardless of your business’s size or industry, there comes a point where engaging with an outsourced CFO becomes necessary.
CFO Thought Leader
OCTOBER 17, 2023
Back in 2017, Donald McClure had only recently been appointed vice president of FP&A at Brinks Home Security when the company’s CFO at the time decided that it was the right time for retirement. Jack Sweeney “Don’t rigidly plan your career by focusing too much on a destination many years down the road.
Future CFO
OCTOBER 28, 2019
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
Future CFO
JANUARY 12, 2023
The top CFO priority in 2023 is evaluating finance function strategy, scope and design, said Gartner recently. But CFOs have to prepare for stretching themselves beyond this top CFO priority this year. The survey revealed a wide range of actions CFOs plan to either lead or be significantly involved with,” said Horvat.
Future CFO
OCTOBER 25, 2022
Hong Kong-and-London-listed HSBC announced Georges Elhedery as the CFO successor lately. The appointment of Elhedery will be effective in January 2023 while current CFO Ewen Stevenson will step down at end-December and leave the bank in April. The CFO successor was previously HSBC’s co-CEO of global banking and markets.
CFO Thought Leader
FEBRUARY 19, 2024
When PwC partner and relentless champion of shareholder value Marc Suidan stepped into the CFO office at The Beachbody Company in April 2022, intrigue was bound to follow. As a seasoned advisor to management, Suidan had contributed shareholder insights to the turnarounds and restructurings of dozens of businesses.
PYMNTS
OCTOBER 28, 2019
Losses at some HSBC businesses are causing the bank — Europe’s largest — to restructure, CNBC reported Monday (Oct. HSBC group CFO Ewen Stevenson announced plans to restructure the businesses with the greatest losses, its U.K. We haven’t yet sized what that means in terms of the restructuring.”. businesses.
CFO News
DECEMBER 16, 2022
The company owes a group of 10 lenders led by State Bank of India (SBI) a total of ₹4,900 crore. Delays in payments had meant the account was tagged as NPA in the fourth quarter of last fiscal. However, the company cleared its outstanding dues in the last three months and has proposed a fresh payment schedule to banks.
E78 Partners
AUGUST 24, 2023
Knowing when to bring in an Interim Chief Financial Officer (CFO) can be a strategic decision that significantly impacts a company’s trajectory. Unlike a permanent CFO, an interim professional is often engaged for specific projects, transitions, or critical periods of change.
Focus CFO
JUNE 28, 2023
Businesses that have an embedded in-house Chief Financial Officer understand the pivotal role the CFO plays in proactively preparing the business for, and guiding it through, economic and market storms. By taking decisive, information-based action, the CFO guides the business toward the buffalo approach—proactively navigating the challenges.
CFO Share
SEPTEMBER 19, 2022
The threat of a recession in 2023 could make you reluctant to take on new contractor expenses but engaging a Fractional CFO should be one major exception. Not sure if a fractional CFO is the right hire for your business? Before any planning can be done, a CFO will help you understand what a recession means for your business.
CFO Simplified
FEBRUARY 11, 2022
Larry Chester, CEO of CFO Simplified, was featured on NADC BoardTalk to discuss business planning for small to medium-sized businesses in 2022. Larry Chester , president of CFO Simplified, served as a corporate chief financial officer (CFO) for more than 20 years before starting his consulting firm.
CFO News
DECEMBER 20, 2023
An ad hoc group holding two guaranteed bonds of Vedanta Resources (VRL) has advised investors to reject the proposed bond restructuring outlined in the consent solicitation released on December 13. The ad hoc group includes holders of $1 billion 13.875% bonds due in January 2024, $1.2
CFO Leadership
AUGUST 12, 2021
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.
Michigan CFO
SEPTEMBER 29, 2021
In the world of manufacturing, where processes run thick and bottlenecks are known to arise, CFO services play a critical role in helping organizations steer towards efficiency, profitability, and longevity. The Evolving CFO Role in a Manufacturing Company. Using CFO Services to Overcome Challenges in Manufacturing.
The Charity CFO
JULY 14, 2022
Take a hard look at which debt you can pay off or restructure now to reduce your monthly payments. If you don’t have 30 days of cash on hand, design a savings plan to get your cash balance to at least 30 days. When there is a recession on the doorstep, it makes sense to lock in your fundraising plan earlier rather than later.
CFO News
SEPTEMBER 27, 2023
is reportedly considering a restructuring plan that would involve spinning off its businesses into separate listed entities. Vedanta Ltd. The move is aimed at helping Anil Agarwal, the tycoon behind the company, manage its debt load. The businesses that could be separately listed include aluminum, oil and gas, iron ore, and steel.
CFO News
OCTOBER 2, 2023
This repayment is part of a debt restructuring plan approved by 88% of lenders and has reduced ITPCL's outstanding principal by over ₹1,900 crore. IL&FS Group has repaid ₹2,150 crore to senior secured lenders of IL&FS Tamil Nadu Power Company (ITPCL).
CFO News
OCTOBER 22, 2023
Hindustan Zinc Ltd is planning to propose a demerger to its board within the next four to six weeks. The company's board had previously directed it to explore a corporate restructuring to create three separate entities for its lead and zinc, silver, and recycling businesses.
Future CFO
JULY 25, 2023
While CFOs and CEOs agree on growth as their top strategic business priority, their emphasis on this and other priorities differ, Gartner pointed out. For instance, CFOs’ second top strategic business priority is corporate action such as M&A and restructuring (41%), which ranks fourth for CEOs (27%), the firm added.
CFO Simplified
MARCH 7, 2024
Robert Garner, a partner in LP’s Corporate and Tax Planning Practice Groups , advises clients on tax planning in connection with a wide variety of transactions. The post What to Know About the Corporate Transparency Act appeared first on CFO Simplified.
CFO News
FEBRUARY 27, 2023
million on a preferential basis to Carlyle Aviation Partners as part of the proposed restructuring plan reached with the lessor. The company's board has also approved issuing equity shares of $29.5
CFO News
MAY 25, 2023
The Securities and Exchange Board of India (Sebi) said SpiceJet's proposed preferential share issue to aircraft lessors as part of its plan to restructure its outstanding lease liabilities need not have independent valuation.
CFO Simplified
MARCH 7, 2024
Robert Garner, a partner in LP’s Corporate and Tax Planning Practice Groups , advises clients on tax planning in connection with a wide variety of transactions. The post What to Know About the Corporate Transparency Act appeared first on CFO Simplified.
The Charity CFO
DECEMBER 20, 2023
Miriam focuses on the aspect of connecting vision to the staff planning and staffing models within a business. 180 MG looks at people, processes, and planning to identify a balance between the three of them. Finally, a plan is developed that makes sense for their people, which in turn makes sense for the business.
Fpanda Club
SEPTEMBER 2, 2021
This relates to FP&A which stands for financial planning and analysis. Typical FP&A activities and responsibilities Financial planning and analysis is one of the pillars of the modern finance function. Planning relates to determining the company’s short-term (1-year) and long-term (3-5 years) objectives.
Future CFO
DECEMBER 8, 2021
The numbers don’t lie -- or so the saying goes – but they rarely tell the whole story either, just like how the Chief Financial Officer (CFO) encompasses more than just finance and accounting. Once upon a time, “CFO” was a reasonably prescriptive, even possibly slightly intimidating title. There I was, a CFO at 40 years old.
CFO News Room
JANUARY 5, 2023
The company said it is exploring financial options including restructuring, seeking additional capital or selling assets, in addition to a potential bankruptcy. The company was spun off from General Electric as part of the conglomerate’s plan to break up into three separate companies.
CFO News Room
JANUARY 4, 2023
Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. In 2021, GE revealed plans to break up into three companies so it can focus on its aviation business.
PYMNTS
JUNE 1, 2020
Bankruptcy Court for the Eastern District of Virginia for its “planned wind-down of operations.” Pier 1 plans to sell its leftover assets, including its online shopping business and intellectual property, following the bidding procedures set forth in February of this year. said it has received the green light from the U.S.
CFO News Room
DECEMBER 19, 2022
billion investment and MGM plans to invest $2.1 Discovery continued its slide since announcing last week it was increasing its restructuring cost estimates by $1 billion. The casino operators were just awarded new 10-year concessions , or operating agreements, to operate their Macao casino resorts. Wynn has committed to investing $2.2
CFO News Room
NOVEMBER 8, 2022
Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.
PYMNTS
NOVEMBER 11, 2019
Small Business Banking Peter McIntyre said the bank plans to onboard hundreds of thousands of small business customers onto the Kinetic platform when it officially launches. The bank also plans to expand Kinetic into new geographic markets. We haven’t yet sized what that means in terms of the restructuring.”. HSBC Head of U.K.
Future CFO
NOVEMBER 1, 2023
Survey highlights In the next 12 months, 62% of decision-makers plan to invest in purpose-built tax technology with API functionality. Additionally, 30% of respondents plan to spend on in-house tax technology; 30% on upgrading their native ERP systems; and 28% on experimenting with smart tech, automation, and generative AI.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content