Chief financial officers, policy makers and other executives discussed the pandemic, regulatory changes and other issues during The Wall Street Journal’s CFO Network Summit on Wednesday.
Starbucks Recruits Company Veteran for CFO Role
Starbucks named a 16-year company veteran as its new finance chief as it works to recover from the coronavirus pandemic, which hurt its sales across the globe.
U.K. Watchdog Finds Deloitte, Former Partners Failed to Challenge Autonomy’s Accounting
The Financial Reporting Council, the U.K.’s accounting watchdog, on Wednesday said Deloitte and two former partners were “culpable of serious and serial failures” in their audits of Autonomy, wrapping up a yearslong investigation after findings of misconduct.
CFOs in 2021 Will Keep an Eye on These 10 Things
Here are 10 things that could be top of mind for CFOs in 2021.
Finance Executives Look to Advance Libor Transition in 2021
Efforts to skip the London interbank offered rate for new transactions by end of next year are forcing finance executives to take stock of their contracts, communicate with banks and investors and adjust their interest-rate cost calculations.
Yogurt Maker Chobani Recruits New CFO as It Continues to Expand
Yogurt maker Chobani hired a seasoned food and consumer-goods executive as its next finance chief as it expands into new food categories.
U.S. Finance Chiefs Expect Growing Revenue, Wages and Employment Levels in 2021
Chief financial officers at U.S. companies are optimistic the country’s economy as a whole—and their businesses, in particular—will recover in 2021 despite worries about potential tax rate changes and higher labor costs.
Eaton’s CFO Looks Back on 71 Acquisitions, 50 Sales Over His Tenure
Eaton Corp. PLC’s finance chief Richard Fearon has managed 71 acquisitions and 50 sales since he began his tenure in April 2002, reshaping the portfolio of a business that was once known for making vehicle parts. Mr. Fearon, who will retire in March, talks to CFO Journal about the changing role of the chief financial officer, the pandemic and why cash remains king.
New Volkswagen CFO Tasked With Boosting Efficiencies
Volkswagen AG’s new finance chief, a company insider, will be tasked with boosting efficiencies to free up funds as the German auto giant looks to ramp up its spending on electric vehicles.
Chewy’s CFO to Expand Pet Products, Explores Monetizing Telehealth Services
Chewy’s CFO plans to ramp up the number of products the pet-supply retailer is offering and considers ways to monetize its new, free telehealth service for animals.