Finance chiefs across industries are facing a classic problem that comes with economic growth: rising costs of raw materials, energy and transportation. Company executives now have to decide how to offset these increases to protect margins and whether or not to pass the extra costs on to customers.
Daimler CFO Works to Separate Accounts, Debts and People Ahead of Truck Unit Spinoff
Daimler’s finance chief is divvying up the car maker’s books, debts and finance workers ahead of the spinoff of the company’s trucks business later this year.
Animal-Health Company Zoetis Promotes CFO to Expanded Role
Zoetis elevated finance chief Glenn David to an expanded role in which he will manage businesses that generate a significant portion of the company’s revenue.
PayPal Wants More Customers to Pay Using Crypto Assets
PayPal is looking to expand its lucrative business of enabling customers to pay merchants with crypto assets, but doesn’t yet plan to invest in these assets.
Puma Promotes Insider to CFO as Company Projects Growth
Puma SE made a company veteran its next chief financial officer as the German sportswear maker looks to benefit from a reopening of the economy in some parts of the world.
Clorox’s Move to Provide Adjusted EPS Raises Concerns
Clorox’s decision to break out adjusted EPS has drawn the ire of some analysts who criticized the change as potentially misleading.
Discovery Breaks Out Streaming Unit’s Performance Metrics to Showcase Transformation
Discovery’s finance chief is watching metrics old and new as he tracks the company’s shift from linear television toward streaming.
Pinterest CFO Looks to Ramp Up Spending on Marketing, Product Investments
Pinterest’s finance chief plans to spend more money on marketing to offset a potential slowdown in activity on its image-sharing platform as the U.S. economy reopens.
Companies Say They Are Better Prepared to Host Virtual Annual Meetings This Year
As companies get ready to host another round of remote annual meetings, some of them are increasing opportunities for shareholders to interact with management.
Whirlpool CFO Faces Higher Costs as Component Shortages Force Production Line Shifts
Whirlpool’s finance chief is looking to offset cost increases caused by a shortage of microchips and plastic, which is forcing the appliance maker to switch over its production lines more frequently.