Auditors and finance chiefs of some of Germany’s biggest businesses are worried that a new regulatory proposal intended to improve audit quality in the wake of the Wirecard scandal will lead to higher costs and less competition.
General Mills CFO Looks to Reduce External Manufacturing Once Demand Levels Off
General Mills Inc.’s finance chief plans to reduce the food maker’s reliance on costly contract manufacturing once pandemic-driven demand for its products tapers off.
Corteva Names Finance Veteran to CFO Role
Corteva Inc. has hired a veteran finance executive as its new chief financial officer, weeks after the agricultural products company averted a potential proxy fight with an activist investor.
Marriott CFO Sees Focus on Costs Continuing as Bookings Recover
Marriott International Inc.’s finance chief plans to hold the purse strings tight as the hotel operator looks to Covid-19 vaccines to help its business recover from the harsh declines caused by the coronavirus pandemic.
CFOs Zero In on Shareholders as Stock Volatility Soars
Finance executives are trying to steer a more stable course for their corporate stock, and hope educating shareholders on the prospects of the company will help their cause.
Broadridge CFO Looks to Reduce Debt After $2.5 Billion Deal
Broadridge Financial Solutions’ finance chief is working to reduce the company’s debt levels, which are set to rise following a deal to acquire Swedish technology firm Itiviti Holding.
Activision Blizzard Names New CFO as Poaching Suit Against Netflix Continues
Activision Blizzard named a new finance chief, a move that comes as the company’s lawsuit against Netflix for allegedly poaching its former chief financial officer continues.
Shake Shack’s Finance Chief to Depart
Shake Shack said its finance chief, Tara Comonte, is leaving the burger chain to take the top post at another company.
When SPACs Come Calling, 5 Things a Startup CFO Needs to Know
CFOs at startups looking to combine with a SPAC have to do three things at once: Negotiate the merger, prepare to become a public company and raise new funds from investors.
TikTok Owner ByteDance Hires Away Executive From Xiaomi to Be CFO
ByteDance Ltd., owner of the popular TikTok video-sharing platform, has poached an executive from smartphone giant Xiaomi Corp. to become its new finance chief.