CFO Signals Survey Reveals Cautious Outlook and Evolving Priorities
Deloitte’s CFO Signals survey, conducted quarterly, captures the insights and priorities of CFOs from some of North America's largest and most influential companies. The second quarter of 2024 survey, conducted between April 29, 2024, and May 11, 2024, included 200 CFOs, primarily from companies with annual revenues exceeding $1 billion...
MetLife Investment Management Launches New Private Equity Fund
The institutional asset management division of MetLife, MetLife Investment Management (MIM), announced the launch of its second private equity fund, MetLife Investment Private Equity Partners II, on July 8, 2024. This initiative follows the effective completion of approximately $1.2 billion in commitments to a new fund-of-funds managed by MIM...
Capita plc Announces CFO Transition
Capita has announced that Tim Weller, its Chief Financial Officer, will retire in August 2024, following a distinguished tenure since joining the company in May 2021. Weller has played a pivotal role in supporting both former Chief Executive Jon Lewis and current Chief Executive Adolfo Hernandez through significant organizational changes...
Bloomberg’s $1 Billion Gift to Johns Hopkins
Johns Hopkins University has received a $1 billion donation from Mike Bloomberg to eliminate medical school tuition for most students and enhance financial aid for graduate programs. This generous contribution will provide free tuition for medical students from families earning less than $300,000 annually and cover living expenses for those from families earning up to $175,000...
CLA Names New Chief Data Officer and CFO
Ray Price, Jr. has been appointed as the new Chief Financial Officer of CliftonLarsonAllen LLP (CLA), one of the largest accounting firms in the United States. Additionally, Spencer Lourens has been promoted to the newly established position of Chief Data Officer (CDO)...
McCormick & Company Promotes Marcos Gabriel to EVP and CFO
Effective December 1, 2024, Marcos Gabriel has been promoted to the positions of Executive Vice President and Chief Financial Officer at McCormick & Company. Currently, Gabriel is the Senior Vice President of Global Finance and Capital Markets at McCormick. He began his tenure as the company's Chief Financial Officer in 2017 and subsequently assumed the position of Chief Transformation Officer...
The Evolving Role of CFOs: Problem-Solving, Technology, and Leadership
During a recent interview, Executive Vice President and Group Financial Controller at Sage Group, Jacqui Cartin, addressed the changing function of CFOs in the context of evolving business landscapes. Cartin, the Financial Operations Manager for Sage's enterprise resource planning software, which is designed for small and medium-sized businesses, regards the evolution of the CFO position as an exhilarating opportunity rather than a source of distress...
Amazon Boosts Finance Operations with Generative AI Integration
Amazon is significantly expanding its application of generative artificial intelligence across its finance teams, marking a strategic shift towards leveraging advanced AI technologies beyond experimental stages. Initially employing rules-based systems and machine learning, Amazon has now integrated generative AI to enhance complex analyses within its finance organization...
Paramount Global CFO Anaïs Lempereur Joins Hallmark Media Amid Executive Reshuffle
Anaïs Lempereur, CFO of Paramount Global's Pluto TV group, is set to join Hallmark Media as Chief Financial Officer in August 2024. Lempereur brings extensive experience from Paramount Global, where she also held roles as Senior VP of Finance and CFO at Pluto TV, overseeing the popular ad-supported streaming service acquired by Viacom in 2019...
HP Inc. Appoints Karen Parkhill as CFO Amid Strategic Shift
HP, headquartered in Palo Alto, California, has named Karen Parkhill as its new Chief Financial Officer, effective August 2024. Parkhill, who currently serves as CFO at Medtronic, brings extensive financial leadership experience to HP...
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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...