Drugmaker Merck & Co. promoted a 30-year company veteran to the role of finance chief after elevating the incumbent to chief executive officer.
Adobe CFO John Murphy to Retire
Software maker Adobe Inc. is searching for a new finance chief as incumbent Chief Financial Officer John Murphy plans to retire.
Chat Startup Discord Hires Its First Finance Chief to Boost Growth
Chat service Discord Inc. has hired its first finance chief, a move that comes after a year of pandemic-fueled growth in users and revenue.
U.K. Mulls Capping Number of Audits Big Four Firms Can Do
The U.K. government is seeking feedback on a range of proposals to overhaul the country’s audit sector following a series of corporate scandals as well as similar regulatory efforts in Germany.
Cargill Hires GE’s Former Finance Chief
General Electric Co. ’s former finance chief is taking over the purse strings at Cargill Inc., a private agricultural conglomerate with more than $100 billion in annual revenue.
Hormel CFO Readies Up to $2 Billion Bond Sale to Pay for Planters Deal
Hormel Foods Corp.’s finance chief is preparing a bond sale in part to finance the company’s recent purchase of Kraft Heinz Co.’s nuts business.
Verizon Launches $25 Billion Bond Sale to Pay for 5G Spectrum
Verizon is raising $25 billion in new debt to help it settle a bill for spectrum licenses coming due this month.
Brink’s Got Outsiders to Count Newly-Acquired Gold, Silver Bars
Counting the assets that The Brink’s Co. acquired as part of an $860 million deal took the company’s finance chief nearly a year because of pandemic-related restrictions.
Ahold CFO Aims to Make Online Sales a Larger Part of Its Revenues
The finance chief of the owner of Peapod, Stop & Shop and Food Lion plans to keep investing in new distribution channels and technology so that online shopping will become a larger part of the grocer’s overall revenue.
ViacomCBS CFO Faces Delicate Transition Toward Streaming
ViacomCBS’s finance chief is tasked with reallocating funds toward the company’s new streaming service—set to launch on Thursday—without starving its much bigger television business.