Tackling operational issues such as procurement and corporate strategy likely helped Merck’s Chief Financial Officer Robert Davis acquire the skills needed for his promotion to the top spot.
McCormick CFO Ramps Up Advertising Spend After Pandemic Sales Boost
McCormick’s finance chief is boosting the flavor company’s advertising spending to maintain growth in consumer sales as more people cook at home during the pandemic.
Salesforce CFO Hands Reins to Successor After More Than Six Years at Helm
Mark Hawkins is handing over the reins of Salesforce’s finance function after helping lead the technology company through a period of relentless growth while displaying that often rare combination of methodical focus and people skills.
CarParts.Com Executives Say Additional Capital Is Always Welcome
‘If I could raise money at $300 a share, I will do it in a heartbeat’: As retail investors pile into certain stocks, CarParts executives said it would be foolish not to take advantage of high stock market valuations and raise fresh capital.
Stock-Market Frenzy Offers Some CFOs a Chance to Cash In
The recent surge in some company stocks is providing CFOs with a sudden window of opportunity to tap new sources of funding. But not all of them are likely to cash in.
Will Brexit Lead to Higher Funding Costs? Companies Aren’t Sure
CFOs will have to wait and see if Brexit will lead to higher funding costs, as many British and European companies loaded up on liquidity before Dec. 31, potentially masking any immediate effects of the split.
American Eagle Outfitters CFO Seeks to Provide Investors With Additional Insights
Clothing retailer American Eagle Outfitters Inc. will start breaking out results for its namesake and Aerie brands separately as its businesses are growing at different speeds and investors seek additional insights.
Companies Revisit Financial Forecasts Ahead of Potential Tax Changes
Companies are ramping up their financial forecasting and planning to prepare for potential changes to the U.S. tax code under the incoming Biden administration, which are more likely after Georgia’s runoff elections handed Democrats control of the Senate.
Zoom CFO Opts for Equity Raise Instead of Debt Sale to Keep Options Open
Zoom’s finance chief opted for an equity raise rather than a debt sale as the software company sought additional funding to build out its operations.
Diageo CFO Mikells to Leave; North America Finance Chief to Take Over
Diageo named the finance chief of its largest and most profitable business as its next CFO, succeeding Kathryn Mikells, who plans to leave the company at the end of June.