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Planet Fitness Appoints Jay Stasz as New CFO
Jay Stasz has been appointed as the new Chief Financial Officer of Planet Fitness, one of the largest fitness center operators in the world. Stasz, a seasoned finance executive with over 25 years of experience in retail and consumer-facing industries, joined the company on November 4, 2024, and will work alongside outgoing CFO Tom Fitzgerald to ensure a smooth transition...
FASB Mandates Enhanced Expense Disclosures for Public Companies
The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update requiring public companies to provide more detailed expense disclosures in their financial statements. Published on November 4, the update addresses long-standing investor demands for greater transparency into companies’ cost structures...
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AI for Good: How McKinsey is Driving Social Impact Through Career...
AI is transforming industries and addressing global challenges, and McKinsey & Company is at the forefront of this progress. Through its QuantumBlack AI arm, McKinsey has developed over 600 AI use cases aligned with the UN’s Sustainable Development Goals, focusing on areas like job placement and disaster relief...
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OneStream Finds CFO’s Expanding Role Critical for Growth and Investment
OneStream’s new "Finance 2035 Initiative" reveals that the CFO’s role is poised for a major transformation over the next decade, becoming integral to business growth, risk management, and strategy. The study surveyed 2,000 global leaders, highlighting a shift where investors increasingly value CFO competence over CEO performance...
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Finance Teams Seek Relief through Automation amid Rising Pressures
Finance departments are facing unprecedented stress as shifting business priorities, tighter budgets, and evolving technology demands reshape their roles, according to findings from The 2024 Yooz Survey: Beyond the Balance Sheet. The survey, conducted by Yooz in collaboration with Pollfish, surveyed 500 U.S. finance professionals and highlights the impact of economic pressures on their work-life balance, with 88% of finance professionals experiencing significant stress...
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Barclays Private Bank Enhances Private Market Access for Wealthy Clients
High-net-worth individuals (HNWIs) and family offices are increasingly exploring private markets for portfolio diversification and enhanced returns, traditionally a domain reserved for institutional investors. Shenal Kakad, Head of Private Markets at Barclays Private Bank, highlights the expanding access to private equity, venture capital, and infrastructure funds for private clients through new investment vehicles...
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Morningstar CFO Jason Dubinsky to Step Down at Year-End
Morningstar, a prominent provider of independent investment insights and financial data solutions, announced that Chief Financial Officer Jason Dubinsky will step down from his role at the end of 2024 to pursue other interests. Dubinsky, who joined the company in 2017, has significantly impacted Morningstar’s growth, with the firm’s value tripling under his tenure...
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How NVIDIA’s Jetson Technology is Revolutionizing Water Pollution Cleanup
NVIDIA’s technology is making a meaningful impact in environmental conservation through its partnership with Clearbot, an innovative startup focused on cleaning waterways. Founded by University of Hong Kong graduates Sidhant Gupta and Utkarsh Goel, Clearbot designs autonomous trash-collecting boats powered by NVIDIA’s energy-efficient Jetson Xavier...
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HSBC Appoints Pam Kaur as Group Chief Financial Officer and Executive...
HSBC Holdings plc has appointed Pam Kaur as its new Group Chief Financial Officer and Executive Director of the Board, effective January 2025. Kaur, who joined HSBC in 2013 as Group Head of Audit and is currently serving as Group Chief Risk and Compliance Officer, brings nearly 40 years of financial services experience across the UK and U.S., having previously held senior roles in British, American, and German banks...
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GenAI Sparks Optimism Among CFOs, Tax Leaders
The latest EY Tax and Finance Operations Survey reveals that generative AI (GenAI) is set to transform tax and finance functions by addressing inefficiencies, talent shortages, and compliance with emerging regulations, including global minimum taxes. Nearly 87% of CFOs and tax leaders believe that GenAI will enhance efficiency and effectiveness, a significant increase from 15% in 2023...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...