Some companies are switching to virtual shareholder meetings again as the Omicron variant continues to spread through the U.S. and businesses take precautions to limit infections.
Kraft Heinz CFO Paulo Basilio to Depart in March
Paulo Basilio, the two-time finance chief of consumer-goods giant Kraft Heinz Co. who pruned the company’s portfolio and brought down debt, also trained up his own successor.
Medical Glassmaker Schott to Increase Spending Amid Boost From Covid-19 Vaccines
Schott AG’s finance chief plans to increase spending this year as the specialty glass and materials manufacturer sees growing demand for its products, including syringes and vials for Covid-19 vaccines.
Robinhood CFO Doesn’t Plan to Put ‘Meaningful Amount’ of Cash Into Crypto Assets
Retail-trading platform Robinhood Markets Inc. doesn’t plan on spending significant amounts of corporate cash on crypto assets anytime soon, Chief Financial Officer Jason Warnick said.
WSJ CFO Network Summit: Preparing for Changes to Domestic and International Taxation Rules
What would a 15% minimum tax mean for business? How about the proposed duty on share buybacks? And what is happening on the international tax front? I discussed these and other questions with EY’s Kate Barton and Xcel Energy CFO Brian Van Abel at WSJ‘s CFO Network Summit.
WSJ’s CFO Network Summit: Cash and CapEx Spending in 2022
How much cash should companies hold? Will CFOs spend big on M&A in 2022, and what will their capex spending plans look like? I posed these and other questions to the CFOs of Foot Locker and Nielsen at WSJ’s CFO Network Summit.
WSJ’s CFO Network Summit
Looking forward to WSJ’s CFO Network Summit tomorrow. We will be discussing interest rates, capex spending and taxes, among many other topics. Follow our coverage on wsj.com and via Twitter @CFOJournal.
VW Finance Chief Expects Inflation to Ease and Chip Shortage to Drag On
Volkswagen CFO Arno Antlitz says the German car maker is mitigating the impact of raw-material and component price increases through rigorous cost-cutting and that higher prices weren’t yet translating into higher wages at the company.
Rivian CFO Says Electric-Vehicle Maker Will Prioritize Growth Over Profits
Rivian Automotive Inc.’s finance chief said the electric-vehicle maker plans to put growth before profit as the company looks to build out the business following its public listing in November.
Companies Expect Funding to Stay Cheap, Despite Looming Rate Increases
CFOs are looking to refinance billions of dollars in debt coming due over the next few years in anticipation of several rate hikes by the Federal Reserve in 2022.