FedEx CFO to Leave in June
FedEx announced that Chief Financial Officer John Dietrich will step down on June 1, 2026, coinciding with the company’s planned spin‑off of its FedEx Freight unit. Claude Russ, the enterprise vice president of finance, will serve as interim CFO while FedEx conducts a broader search for a permanent replacement. The Freight spinoff is projected to generate $8.7 billion in revenue and $1.1 billion in adjusted operating income, positioning it as North America’s largest less‑than‑truckload carrier. Russ will receive a $25,000 monthly cash payment and a $50,000 RSU award for his interim duties.
CFOs Face Expanded Mandate, Pressures in a Volatile 2026: Deloitte
North American CFOs entered 2026 with confidence levels not seen since 2021, according to Deloitte’s 4Q25 CFO Signals survey. The Deloitte 2026 Finance Trends report shows 57% of finance leaders now steer enterprise strategy, handling 20% more responsibilities than peers....
CFOs Embrace LinkedIn Amid Shift to More Public-Facing Role
CFOs are moving beyond earnings calls by posting videos on LinkedIn, a shift highlighted by ServiceNow CFO Gina Mastantuono’s recent video explaining a 20.5% revenue jump. Platform data shows U.S. finance chiefs posted 38% more video content in 2025 and...
Economy Likely Faces Just Temporary Setback From Iran War: Survey
A Wolters Kluwer survey of corporate economists finds 59% expect the inflation surge from the Iran war to be short‑lived, projecting 2.2% U.S. GDP growth this year. Yet the conflict has nudged recession odds to 35% for the next 12 months...
Commvault Ex-CFO Returns to Top Finance Seat After Two-Year Gap
Commvault has reappointed former CFO Gary Merrill to the finance chief role, effective immediately, after a two‑year stint as chief commercial officer. Merrill will earn a $500,000 base salary, a matching variable component and roughly $6 million in equity awards. His...
CFOs Flag as Much as 30% of Cloud Spending as Wasteful
A new Azul report finds that 69% of CFOs believe 10‑30% of cloud spending is wasteful. Nearly nine in ten CFOs say cloud costs are rising, and two‑thirds have escalated oversight to the board level. CFOs view cloud optimization as...
XAI CFO Departs, The Information Reports
Elon Musk's AI arm xAI announced the departure of CFO Anthony Armstrong, a Morgan Stanley veteran who joined in October after the company merged with SpaceX. The exit comes two months after SpaceX’s acquisition of xAI and amid preparations for...
Caterpillar Insider to Succeed Retiring CFO
Caterpillar announced that senior vice president of global finance services Kyle Epley will assume the chief financial officer role on May 1, succeeding retiring CFO Andrew Bonfield. Bonfield departs after steering the company through record‑breaking 2025 sales and an 18% jump...
Consumer Spending Inches up, Reflecting Gloomy Inflation Sentiments
Consumer spending nudged up 0.1% in February after a flat January, even as confidence slipped and inflation pressures intensified. Core personal consumption expenditures rose 0.4% month‑over‑month, marking a 3% annual gain. Gasoline prices surged 39% to $4.16 per gallon following...
British American Tobacco Brings Back Company Alum for CFO
British American Tobacco announced that Dragos Constantinescu, a 16‑year BAT veteran who spent the last seven years leading Asahi Europe, will assume the role of chief financial officer and executive director on September 1, 2024. He succeeds interim CFO Javed Iqbal,...
Super Micro Launches New Probe After Co-Founder’s Indictment
Super Micro Computer announced an independent investigation into the March indictment of its co‑founder and two others for allegedly smuggling AI servers to China. The probe is led by two independent board members, including former Deloitte audit partner Scott Angel,...
Levi Strauss Finance Chief Set to Retire with $3M Severance
Levi Strauss & Co. announced that Chief Financial and Growth Officer Harmit Singh will retire after serving in an advisory capacity until a successor is named, with a $3 million cash severance paid over roughly 18 months. Singh, who has been...
Consumer Inflation Expectations Jump Amid Iran War Price Pressure
Consumer inflation expectations surged to 3.4% for the next year in March, driven by a 9.4% anticipated rise in gasoline prices amid heightened geopolitical tension with Iran. The New York Fed reported wage‑growth expectations slipping to 2.4%, the lowest since...
How Wayfair Alum Michael Fleisher Crafts an ‘Engaged’ Board Approach
Michael Fleisher, former Wayfair CFO and ex‑Gartner CEO, has been appointed chair of the audit committee on Faire’s board. He stresses an "engaged" board model that goes beyond quarterly oversight, aiming to help the wholesale‑retail platform scale its $550 million annualized...
OneStream Closes $6.4B Go-Private Deal with Hg
Finance‑software provider OneStream has been taken private in a $6.4 billion acquisition by London‑based private‑equity firm Hg, ending its NASDAQ listing. The deal closed in early April 2026 and retained the existing leadership team. OneStream reported Q4 fiscal 2025 revenue of...
Former ADM CFO Denies SEC’s Accounting Fraud Allegations
Archer‑Daniels‑Midland (ADM) settled SEC charges in January, paying a $40 million civil penalty for inflating its nutrition segment performance. The SEC’s complaint alleges former CFO Vikram Luthar directed retroactive intersegment sales adjustments to shift profit and meet fiscal‑2021/2022 targets. In a...
Services Sector Slows as Iran War Fuels Inflation: ISM Survey
The ISM reported that the U.S. services sector slowed in March as the Iran conflict disrupted supply chains and pushed inflation higher. The non‑manufacturing index slipped 2.1 points to 54%, while the employment index fell to its lowest level since...
Oracle Taps Schneider Electric Alum for CFO Amid AI Spending Surge
Oracle has appointed Hilary Maxson, former Schneider Electric CFO, as its new chief financial officer, effective immediately. Maxson will receive a $950,000 base salary, a $2.5 million target bonus and a $26 million equity grant. The hire comes as Oracle accelerates AI...
FX Dos and Don’ts for CFOs Navigating Currency Volatility
U.S. companies with global exposure are confronting a fresh surge in foreign‑exchange volatility as the dollar strengthens amid geopolitical tension and divergent monetary policies. CFOs are being urged to move beyond reactionary hedging and adopt structured risk‑management frameworks that separate...
New Sokin CFO Keeps Eye on North American Opportunity
London‑based cross‑border payment provider Sokin announced a strategic push into North America, backed by a $300 million Series B valuation and a $100 million debt facility. New CFO Tom Steer, hired from Financial Technology Partners, will steer capital strategy, M&A and growth initiatives....
CEOs Feel Threatened by CFOs
A recent BCG CEO Insomnia Index found that 26% of CEOs consider their CFO the top threat to their job security, edging out COOs and chief commercial officers. CFO‑to‑CEO promotions surged to a decade high, with 10% of current CEOs...
Consumer Confidence Inches up Despite Iran War, Rising Gas Price
The Conference Board’s Consumer Confidence Index edged up to 91.8 in March, despite the Iran‑related war driving gas prices to $4 per gallon and inflating short‑term inflation expectations to a six‑month high. Meanwhile, the University of Michigan survey showed a...
AGI CFO to Depart in May
Ag Growth International (AGI) announced that Chief Financial Officer Jim Rudyk will resign effective May 8, ending a nearly six‑year tenure that began in September 2020. The move follows a sweeping executive reshuffle that reduced the leadership team from 17 to 8...
UConn Hires Northeastern COO for CFO
Anthony Rini, a 14‑year veteran of Northeastern University who most recently served as chief operating officer, has been appointed chief financial officer of the University of Connecticut effective April 27. He succeeds Jeffrey Geoghegan, with interim CFO Reka Wrynn having...
What CFOs Should Know About Liability Management Exercises
PwC’s Steven Fleming warns CFOs to treat early financial distress like health red flags, urging proactive measures. He notes U.S. bankruptcies rose to a decade‑high of 552 filings in 2024, driven by sectors such as real estate and consumer goods....
How Trintech’s CPO Adds ‘Flavor’ to Core KPIs
Trintech’s chief partner officer, Mekaela Davis, explains how the CPO role adds a distinct "flavor" to traditional performance metrics by drilling down on partnership‑specific data. The position, which has been expanding faster than chief marketing or revenue officer roles, now...
3 Questions to Help CFOs Unlock Benefits Programs’ True Cost and Value
CFOs can transform benefits programs from a cost center into a strategic lever by asking three key questions about future P&L pressure, administrative complexity, and measurable ROI. Modeling retirement, health, and severance risks reveals hidden earnings volatility, while outsourcing to...
Dallas Mavericks Hire Bulls Exec for CFO
The Dallas Mavericks announced the hiring of Chicago Bulls veteran Kieran Kelliher as chief financial officer. Kelliher, a CPA with a master’s in accounting and nine years at Deloitte, spent 12 years with the Bulls, overseeing the 2020 NBA All‑Star...
Deal Insurance Gets Pricier After Years of Decline: Marsh
Transactional risk insurance premiums are climbing after years of decline, as a wave of larger, more complex M&A deals revives demand for protection. In 2025, Marsh’s report shows average representations and warranties (R&W) premiums rose 16% in North America, 8%...
Traeger Grants CEO, CFO Discretionary Cash Bonuses
Traeger awarded discretionary cash bonuses of $956,250 to CEO Jeremy Andrus and $270,938 to CFO Michael Hord, even though the 2025 annual cash incentive program targets were not met. The bonuses are intended to retain senior leadership as the outdoor‑cooking...
Accounting-Related Class Actions Fall, Settlements Soar: Cornerstone
Accounting-related securities class actions dropped 40% in 2025, reaching a 20‑year low of 34 filings, while settlement values surged 40% to roughly $1.5 billion. The median settlement climbed 38% to $17.1 million, the highest since 2022, and cases now average 4.1 years to...
FASB Declines Airline Settlement Project
The Financial Accounting Standards Board voted not to add a project that would change how airlines record settlement payments from manufacturers for grounded aircraft. Under existing GAAP, such payments reduce the cost basis of the aircraft and are amortized over...
FTC Settles with AI Startup Accused of Bilking Customers
The Federal Trade Commission settled with AI startup Air AI, banning the firm and its owners from marketing or selling business opportunities that claim AI‑driven growth. The settlement includes an $18 million judgment, though most of it is suspended, and a...
FASB Votes Against Project Tied to Trump Civil Fraud Case
The Financial Accounting Standards Board voted against launching a research project to revise GAAP guidance for personal financial statements (Topic 274). The proposal, driven by a Brooklyn College professor who cited ambiguities exposed in former President Donald Trump’s civil fraud trial,...
CFO Uncertainty Rises More than Any Other Top Concern During Q1
CFOs reported the highest rise in uncertainty among all concerns in Q1, even as overall optimism about the economy improved from the previous quarter. Tariffs and trade policy topped the worry list, followed by labor quality and demand outlook, with...
Robinhood CFO to Receive $18M RSU Promotion Grant
Robinhood announced a promotion grant of restricted stock units worth $18 million for CFO Shiv Verma, alongside a salary increase to $600,000 and a higher bonus target of 75% of base pay. The compensation changes were disclosed a day before the...
Sen. Blackburn Lays Out Details for Sweeping AI Proposal
Sen. Marsha Blackburn unveiled a draft bill that obliges public companies and selected private firms to report AI‑related layoffs, role changes, and other workforce effects to the Labor Department each quarter. Non‑compliance could trigger civil penalties of up to $1 million...
GM CFO: Lower EV Growth Presents Opportunity
General Motors CFO Paul Jacobson said a slower electric‑vehicle growth rate in 2026 gives the automaker a chance to extract more cost savings. GM logged $6 billion in EV‑related charges in Q4 2025, including a $1.8 billion non‑cash impairment and $4.2 billion cash...
CFOs Turn to AI for Pricing as Affordability Concerns Rise
CFOs are increasingly turning to artificial intelligence to fine‑tune pricing as affordability concerns surge. Grant Thornton reports that 73 % of finance chiefs say price sensitivity is reshaping strategies, while 57 % observe heightened customer price awareness. Only 16 % have fully implemented...
Beyond Meat Delays FY25 Results Amid Accounting Investigation
Beyond Meat announced it will postpone its FY 2025 fourth‑quarter and full‑year results filing until at least March 31, citing a material weakness in inventory accounting controls. The company is conducting a detailed review of inventory balances and the excess‑and‑obsolete provision, while...
Top Tech, HR Executives Gain in Pay, Prominence: Conference Board
Corporate boards are elevating technology and human‑resource leaders, with chief technology officers and chief human resource officers surging onto the Russell 3000’s highest‑paid executive lists by 61% and 55% respectively between 2021 and 2025. The Conference Board attributes this shift to...
Jack Daniel’s Parent Taps Whirlpool Alum for CFO
Jim Peters, a longtime Whirlpool finance chief, will become CFO of Brown‑Forman effective March 31, succeeding retiring executive Leanne Cunningham. Peters brings over two decades of global finance experience, including a decade as Whirlpool’s CFO, and will be compensated with a...
GenAI Gains Ground in M&A, but Post-Deal Adoption Lags
Generative AI is rapidly becoming a staple in M&A, with 46 % of firms using it for pre‑deal research and due diligence in 2026, up from 31 % in 2024. The technology shortens deal cycles by 10‑30 % and cuts costs around 20 %,...
Waste Management Grants Ex-CFO $1M Cash Bonus
Waste Management awarded former CFO Devina Rankin a $1 million cash bonus on March 13, marking the end of her advisory role. The payout acknowledges her leadership in orchestrating a smooth CFO transition to successor David Reed and her role in integrating...