GM and Ford hired CFOs with vastly different backgrounds to help them navigate what is poised to be a transformative period for the automotive industry. I spoke to GM’s Paul Jacobson about his first year in the role.
Caterpillar CFO Navigates Customers’ Varying Appetite for Decarbonization
“It’s not one size fits all”: Caterpillar’s CFO on why the company’s customers are moving with different speeds toward decarbonization.
Lyft Poaches Amazon Executive to Lead Its Finances
Lyft Inc. poached an Amazon.com Inc. executive to become its next finance chief, a change in the ride-hailing firm’s C-suite that comes shortly after the company reached an important profitability milestone.
How the SoftBank Vision Fund Values Its Portfolio Holdings
SoftBank Group Corp. is investing billions of dollars in startups and later-stage companies around the world. Keeping track of what they are worth is a crucial task for the Vision Fund’s managers. Here’s how they do it.
Uber CFO Focuses on Revenue Growth After Hitting Profitability Milestone
Uber Technologies Inc.’s finance chief said the ride-sharing and delivery company is focused on boosting its revenue and income after achieving an important profitability milestone during its latest quarter.
Bankers, Advisers Give CFOs Tips on How to Avoid Surprising Investors
Finance chiefs these days have a range of options to lead their companies to the public markets, with each approach bringing its own set of pros and cons to consider. Bankers, executives and analysts last week offered tips on going public and a host of other issues that chief financial officers may face at the SoftBank Vision Fund’s FinConnect Summit near Los Angeles.
SoftBank Vision Fund CFO Cautions Not All Investments Will Be the Next DoorDash. Many Are Likely to Fail
SoftBank Group Corp.’s Vision Fund has poured billions of dollars into startups and later-stage companies. After recovering last year from losses related to the coronavirus pandemic, the fund suffered in recent months after Chinese regulators cracked down on a range of consumer-facing businesses that hurt SoftBank’s investments. Navneet Govil, the CFO of the Vision Fund, this week invited the finance chiefs of some portfolio companies to California.
Coty CFO Plans to Slash Cosmetic Giant’s Debt Further
Coty Inc.’s finance chief plans to slash the cosmetics giant’s debt further, a move aimed at reassuring investors that the company is on track with its turnaround.
Hershey Seeks Growth, Synergies From Pretzel Deals
Hershey Co. expects to grow its business and find some cost synergies, particularly in areas such as sourcing of ingredients and machinery, with its recent acquisitions of two snack makers, Chief Financial Officer Steve Voskuil said.
Twitter CFO Says Investing in Crypto ‘Doesn’t Make Sense Right Now’
Investing some of Twitter Inc.’s corporate cash in crypto assets such as bitcoin “doesn’t make sense right now,” Chief Financial Officer Ned Segal said in an interview Monday.