Private Markets

Raymond James Financial has announced a significant leadership transition, with CFO Paul Shoukry set to take over as CEO within nine months. The transition plan, unveiled on March 19, 2024, outlines a succession strategy that will see Shoukry assume the role of president immediately, with current CEO Paul Reilly stepping down in 2025 to become executive chairman...

New Relic, the leading all-in-one observability platform designed to empower engineers with data-driven insights, has announced the appointment of Ashish Agarwal as the company’s next Chief Financial Officer (CFO). Agarwal, a seasoned business leader with nearly three decades of experience in corporate finance within the technology sector, brings a wealth of expertise to his new role...

Grabango, the forefront innovator in checkout-free technology, has welcomed John Hyun as its Chief Financial Officer, leveraging his extensive experience in software industry finance and operations. Hyun, whose leadership spans numerous financing, IPO, and M&A transactions exceeding $6 billion in value, is poised to play a pivotal role in steering Grabango through its global expansion phase...

Leominster-based Fidelity Bank has announced the appointment of Richard Fay as its Senior Vice President and Chief Financial Officer (CFO), marking a significant addition to the leadership team of the longstanding financial institution. With a 17-year career at a national certified public accountant and advisory firm, Fay brings a wealth of experience to his new role, having previously served as Fidelity's senior vice president and director of accounting and finance since August 2023...

FTC Solar Inc., a prominent player in the solar energy industry, has recently announced the appointment of Cathy Behnen as its Chief Financial Officer (CFO), effective immediately. Behnen, who has been serving as the Interim CFO since November 2023, brings a wealth of financial leadership and industry expertise to her new role...

In the pursuit of fortifying a company's financial health, industry leaders, including Chief Financial Officers (CFOs), have unveiled strategic approaches to manage and optimize working capital. Beyond traditional methods, these experts offer a diverse range of tactics, combining expert advice and practical tips to ensure the smooth flow of finances within a company...

A recent survey commissioned by BlackLine has unveiled a concerning reality for Chief Financial Officers (CFOs) worldwide, with nearly 40% expressing a lack of complete trust in the accuracy of their organization's financial data. This revelation poses significant challenges for strategic decision-making, especially when business leaders are grappling with a myriad of external uncertainties...

According to a recent survey by BDO, 2024 has not played out as anticipated in the world of middle-market finance. Despite initial hopes for stability, two-thirds of the 600 middle-market CFOs surveyed expressed concerns about economic volatility, comparing it to or deeming it even riskier than the challenges faced in 2023...

A recent report suggests that the nation's largest defined benefit (DB) pension plans in the U.S. have achieved a remarkable turnaround, marking the first time since the 2008 financial crisis that their liabilities are fully funded. According to a Willis Towers Watson (WTW) analysis of the Fortune 1000 companies sponsoring DB pension plans, the aggregate funding status reached 100% by the end of 2023, a notable increase from 98% in 2022 and a substantial recovery from the 77% recorded in 2008...

In the fast-paced world of finance, Chief Financial Officers (CFOs) are presented with a myriad of challenges that simultaneously unfold as opportunities. One such opportunity that has significantly impacted the 21st-century finance landscape is the relentless pace of innovation, a phenomenon PayByPhone's CFO, Nick Hamill, emphasizes...