Large U.S. banks typically choose a company veteran when they hire a chief financial officer, a pattern highlighted Friday when Bank of America Corp. named a new CFO.
ZoomInfo Simplifies Shareholder Structure to Attract New Investors
ZoomInfo Technologies Inc. is simplifying its shareholder structure as it looks to become more attractive for new investors and remove hurdles for potential deal making.
German Blue-Chip Index Adds New Companies as It Tightens Rules
Finance executives at German blue-chip companies are facing stricter oversight and governance requirements following the overhaul of Germany’s DAX index of leading businesses, which will be expanded by 10 firms this month.
Clothing Retailers Boost Profit Margins by Offering Fewer Markdowns
Clothing retailers are improving their profit margins by keeping their inventory low and offering fewer end-of-season markdowns.
Willis Towers Watson Names New CFO as It Rebuilds Leadership Team
Willis Towers Watson rehired a former executive to be its finance chief as the insurance broker works to chart a new path after its merger with rival Aon fell apart due to antitrust concerns.
Walgreens Boots Hires New CFO for Its U.S. Business
Walgreens Boots Alliance Inc. recruited a former Walmart Inc. executive to manage the finances of its U.S. business, which generates the bulk of the pharmacy chain’s revenue.
Healthcare Services Group Settles SEC Charges Alleging It Inflated EPS
Healthcare Services Group agreed to pay $6 million to settle SEC charges that it inflated its earnings per share to meet analyst estimates.
FactSet Recruits Finance Veteran as CFO
FactSet Research Systems Inc. hired a finance veteran as its next chief financial officer, a move that comes as the information provider looks to expand its business.
Finance Chiefs Work to Navigate Higher Costs, Transportation Woes
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.