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The Clorox Company has announced that Chief Financial Officer Kevin Jacobsen will retire effective April 1, 2025, after nearly 30 years with the company. Luc Bellet, an 18-year Clorox veteran, will succeed Jacobsen and work closely with him to ensure a smooth transition. Jacobsen, who has served as CFO since 2018, played a key role in driving the company’s IGNITE strategy and strengthening its financial performance...

Abridge, an AI platform, has named Sagar Sanghvi its first CFO for its next development phase. Sanghvi, who has nearly 15 years of experience in finance and technology, previously served as a partner at Accel and as CFO of Instacart. At Instacart, he helped reshape the company’s financial strategy, managed growth during the COVID-19 pandemic, and played a key role in securing over $2 billion in funding...

In 2025, global M&A professionals are optimistic about the year ahead, with 87% of survey respondents from SS&C Intralinks and Reuters Events anticipating increased deal and financing activity. This is a significant shift from the previous year when only half of respondents felt similarly. With optimism rising across regions, particularly in North America and Asia-Pacific, CFOs are likely to see more opportunities in large-scale deals...

In 2024, the global IPO market saw a decline in volumes and proceeds, yet the financial sector remains vibrant, especially in the Americas and EMEIA regions. The U.S. and India took the lead, with India marking a significant rise in IPO volume, while the U.S. retained its top position for proceeds...

ADM Cares, the corporate social investment program of global leader ADM, continues to play a pivotal role in addressing malnutrition and hidden hunger worldwide. In partnership with the Food Fortification Initiative (FFI), ADM Cares is helping to improve the nutritional quality of staple foods for 1 billion people across 26 countries. By adding essential vitamins and minerals to everyday foods, this initiative combats the widespread effects of malnutrition, particularly among preschool-aged children and women of reproductive age...

As digital transformation accelerates across the Middle East’s financial services sector, CFOs are playing a critical role in driving technological investments. According to a recent survey by Rimini Street, 71% of financial services CFOs in the region are increasing their corporate IT budgets in 2024, with a focus on improving customer experience and enhancing technology platforms...

Birkenstock Holding plc has appointed Ivica Krolo as the new Chief Financial Officer of the Birkenstock Group. He succeeds Dr. Erik Massmann, who stepped down after successfully leading the company’s finance function through a critical phase, including preparations for its IPO...

With 2025 here, CFOs are no longer just guardians of the balance sheet; they're leading the charge in driving strategic transformation across organizations. According to the latest Global CFO Report by FTI Consulting, the role of the CFO is more critical than ever, especially as businesses navigate economic uncertainty, rapidly changing technology, and adapting market dynamics...

The private equity market saw a shift in deal-making in 2024, with buyers securing favorable terms and pricing despite lower deal volume compared to the 2021 boom. The median price-to-earnings (P/E) multiple for global PE buyouts dropped to 11.1x, the lowest level since 2016. This decrease highlights a growing trend where PE firms are focusing on larger buyouts at more attractive valuations, allowing them to target higher-value assets...

Duncan Minto has been appointed Chief Financial Officer of Renault Group, effective March 1st. Minto, who has been serving as CFO of Alpine since October 2023, will now expand his leadership role within the Renault Group. Minto brings 25 years of experience in finance and deep expertise in the automotive sector...