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.
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 manufacturer’s CFO is stepping into the interim CEO seat after Jabil struggled with “revenue headwinds” amid an ongoing restructuring and cost realignment plan.
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.
When COVIDs whiplash forced a $800million costcut and mass layoffs, those preparations helped to buffer liquidity and allowed the company to restructure rather than stall. She recounted rebuilding Pelotons reporting, navigating a ninefold pandemic demand spike, then executing an $800 million restructuring to stabilize cash.
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.
Member Profile: DShorne Human In this edition of our CFO Spotlight series, we profile DShorne Human, a dynamic Group Chief Financial Officer whose strategic leadership has shaped both state-owned and private sector organisations across Africa and internationally. FD at Oppenheimer JV: secured R45m tax benefits in group 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.
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.
When Pelotons stock debuted in2019, CFO JillWoodworth believed the playbook was airtight. When demand fell just as quickly, Woodworth slashed the bikes price and led a restructuring that cut $800million of costs, announcing it days after the board replaced the CEO. Then COVID hit.
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.
From Boardroom to Broadcast: The CFO as Company Spokesperson For many years, the Chief Financial Officer was viewed as the quiet operator behind the scenes. Todays CFO is not just managing the finances of the business. Todays CFO is not just managing the finances of the business. That is because the CFO represents the truth.
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.
Companies may face situations where hiring an interim CFO can provide immediate expertise and strategic direction. E78 specializes in providing experienced interim CFOs who can swiftly address pressing financial challenges, allowing businesses to focus on their core operations while maintaining clear paths toward long-term success.
has appointed Girish Jethmalani as Chief Financial Officer, effective April 10, 2025, as part of a leadership restructuring. Tembo Global Industries Ltd. Jethmalani brings over 24 years of finance experience from companies like Bajaj Indef and Hercules Hoists.
Predictive Finance, Ethical Leadership, and Public Sector Innovation: Lessons from SAQA CFO Innocent Gumbochuma In the latest episode of CFO Club Conversations , we had the privilege of speaking with Innocent Gumbochuma, Chief Financial Officer of the South African Qualifications Authority (SAQA) and the 2024 Public Sector CFO of the Year.
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.
This decision is part of a restructuring effort. Walmart, a major US retailer, plans to reduce its workforce. The company will eliminate around 1,500 positions. The aim is to simplify operations. The cuts will affect technology, e-commerce fulfillment, and advertising teams. The company will also create new roles.
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.
When Pelotons stock debuted in2019, CFO JillWoodworth believed the playbook was airtight. When demand fell just as quickly, Woodworth slashed the bikes price and led a restructuring that cut $800million of costs, announcing it days after the board replaced the CEO. Then COVID hit.
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.
Member Profile: Sharon Naidoo In this edition of our CFO Spotlight series, we feature Sharon Naidoo, a dynamic finance leader and Chief Financial Officer with a track record that spans Africa, the UK, and global operations. What key skills should a newly qualified accountant develop on their path to becoming a CFO? Be authentic!
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.
From Crisis to Comeback: Louis Kloppers Turnaround Playbook for CFOs In the latest episode of the CFO Club Podcast, we sat down with Louis Klopper, CFO at Coronado Consulting Group and a veteran in business rescue and strategic turnaround. Debt Reorganisation : Negotiating with creditors to restructure existing debt obligations.
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.
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.
278 
Let's personalize your content