Finance chiefs are revising their product portfolios and packaging to reduce the impact of higher costs and supply disruptions on their businesses.
Baseball Is Back, but Boston Red Sox’s CFO Is Watching Delta Variant Closely
“We have never allowed ourselves to celebrate victory” over Covid-19, said Tim Zue, who developed more than 20 scenario plans for the Red Sox when the pandemic took hold last year.
Lockheed Launches CFO Search After Ken Possenriede Departs Suddenly
Aerospace and defense giant Lockheed Martin Corp. named a longtime company veteran to take over as acting chief financial officer following the sudden exit of its current CFO.
Stanley Black & Decker to Mandate Masks for U.S. Employees Starting Friday, CFO Says
Tool maker Stanley Black & Decker Inc. will require its U.S. employees to wear masks regardless of their vaccination status starting Friday, but won’t mandate inoculations for fear workers might quit or strike, the company’s finance chief said.
Duolingo Allows Employees to Sell a Portion of Their Shares Early
Language-learning platform Duolingo Inc. joined a group of companies that have allowed their employees to sell a portion of their shares soon after going public, easing the typical six-month lockup, its finance chief said.
XPO Logistics Appoints Insider as CFO Just Days Before Spinoff
XPO Logistics Inc. has named a new finance chief just as it prepares to spin off a business unit that generates over a third of its revenue and focus solely on the booming transportation sector.
Elevator Maker Otis Faces Pushback From Suppliers on Prices
Suppliers are pushing back on elevator maker Otis Worldwide Corp.’s efforts to lock in prices for steel and other raw materials, the company’s finance chief said.
Whirlpool Considering More Price Increases if Inflation Exceeds Forecasts
Whirlpool Corp., which manufactures washing machines, KitchenAid mixers and other home appliances, is considering additional price increases should inflation outpace its forecasts.
Finance Chiefs Are Still Trying to Replace Excel With New Tools
Finance chiefs are still trying to get employees to move away from Microsoft Excel, the ubiquitous spreadsheet program loved and loathed by accounting professionals.
Exxon Turns to Company Outsider to Fill CFO Role
Exxon hired a company outsider to lead its finances, a move that comes as the energy giant faces investor pressure to take more steps to transition away from fossil fuels.