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Skip to main content CONTINUE TO SITE ➞ DON’T MISS TOMORROW’S CFO INDUSTRY NEWS Let CFO’s free newsletter keep you informed, straight from your inbox. By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. * Opinion * Library * Events * Press Releases * Topics Sign up * Search * Sign up Search * Corporate Finance * Human Capital * People * Regulation & Compliance * Risk * Strategy * Tax * Technology * Series Permission granted by Adam Zaki Q&A WHY THE CFO OF QUINCY, MASSACHUSETTS CALLS HIMSELF THE ‘ACCIDENTAL CFO’ “The pandemic had kind of started. I got a call from our mayor, whose job it is to appoint the CFO, and he told me he had just gotten off the phone with the governor of Massachusetts...[and] he said, ‘Eric, I want you to take over as CFO until this whole thing blows over.’” Read more ➔ TOP STORIES 1. 25% OF BIG COMPANIES HAVE NO CFO SUCCESSION PLAN IN PLACE: REPORT 2. SEC FINES SYNCHRONOSS’ FORMER CFO KAREN ROSENBERGER $125K DUE TO ACCOUNTING MISCONDUCT 3. TAX LEADERS ADD VALUE WHEN ACTING STRATEGICALLY: REPORT 4. LIKE FATHER, LIKE SON: HOW A CFO RAISED A CFO TURNED CEO 5. LESSONS ON PARTNERSHIP FROM BUFFETT AND MUNGER: TRIAL BALANCE THE LATEST * Access now➔ Trendline THE CFO’S GUIDE TO BEST PRACTICES IN 2024 CFOs face myriad challenges in 2024 — approach the challenge with an arsenal of these best practices. * Getty Images via Getty Images CFOS ON THE MOVE: WEEK ENDING JUNE 14 Chief financial officer changes at MoneyGram, Tyson Foods, SolarWinds, OpenAI and Amy’s Kitchen. People * fizkes via Getty Images Opinion 4 WAYS TO SAVE THE CPA It’s time to turn the change-resistant reputation of CPAs on its head is now before the talent pool evaporates entirely. Human Capital * Retrieved from Washington County Detention Center on June 13, 2024 JOHN TYSON, CFO OF TYSON FOODS, ARRESTED AGAIN IN ANOTHER ALCOHOL-RELATED INCIDENT “We are aware that John Randal Tyson, CFO of Tyson Foods, was arrested for an alleged DWI. Tyson Foods has suspended Mr. Tyson from his duties effective immediately,” the company said in a statement. People * Permission granted by Bill Adams Q&A FACING PHARMA CHALLENGES: NERVGEN PHARMA CFO BILL ADAMS “Gone for now are the days in 2021 when pharma was taking riskier bets and financing was readily available as an alternative to partnering.” People * Access now➔ Trendline THE CFO’S GUIDE TO BEST PRACTICES IN 2024 CFOs face myriad challenges in 2024 — approach the challenge with an arsenal of these best practices. Access now➔ Trendline THE CFO’S GUIDE TO BEST PRACTICES IN 2024 CFOs face myriad challenges in 2024 — approach the challenge with an arsenal of these best practices. * Getty Images via Getty Images CFO TECH SPEND REBOUNDS, HITS 2-YEAR HIGH OF 3.8% QOQ INCREASE IN 2ND QUARTER: REPORT A recent PwC survey of hundreds of executives also found 58% of the CFOs they talked to are spending more time on technology investment and implementation compared to a year ago. Technology * Boy Wirat via Getty Images 57% OF M&A PROS WEIGH ESG IMPACT IN POTENTIAL DEALS “We are more frequently seeing ESG considerations being mainstreamed and considered alongside other strategic growth or investment levers.” Strategy * Michael M. Santiago via Getty Images ALPHABET NAMES ASHKENAZI AS NEW CFO TO REPLACE RUTH PORAT; AWARDED $9.9M SIGNING BONUS Ashkenazi will likely be tasked to spearhead Google’s recently announced restructuring of its finance function to pursue more AI initiatives. Updated June 11, 2024 People * staticnak1983 via Getty Images Q&A NAVAN’S NEW CFO AMY BUTTE APPOINTS CHIEF ACCOUNTING OFFICER Trust and respect are the key ingredients in CFO Amy Butte and newly hired CAO Anne Giviskos’ partnership to fuel future growth for the fintech. People * Access now➔ Trendline THE CFO’S GUIDE TO BEST PRACTICES IN 2024 CFOs face myriad challenges in 2024 — approach the challenge with an arsenal of these best practices. * Peopleimages via Getty Images Opinion BRIDGING THE GAP BETWEEN FINANCE AND REVENUE OPERATIONS Effective growth planning requires close collaboration between revenue operations and finance, with unified goals, integrated planning processes and accurate data utilization. Strategy * Rick T. Wilking via Getty Images OPENAI HIRES FORMER NEXTDOOR CEO SARAH FRIAR AS NEW CFO, COINCIDES WITH APPLE PARTNERSHIP “My goal is to help OpenAI continue excelling at what it does best — producing top-tier research and collaborating to maximize the benefits of AI tools for everyone,” Friar said. People * CFO/CFO 6 TAKEAWAYS FROM THE CFO LEADERSHIP COUNCIL’S SPRING CONFERENCE “It was all about being a better leader, being a better strategist, partnering with the CEO and these are things we need to keep reinforcing.” People * Permission granted by Alex Triplett Q&A AN INVESTOR’S MINDSET WITH OPERATIONS KNOW-HOW: APPFIRE’S ALEX TRIPLETT “I see a career as a set of accumulated experiences, so when I left investing for a corporate role, I wanted to build this awesome set of experiences.” People * seraficus via Getty Images EPOCH TIMES CFO CHARGED IN $67M FRAUD SCHEME; MOODY’S MARK ZANDI ON US RATE CUTS: TRIAL BALANCE This morning, Moody’s chief economist Mark Zandi commented on the health of the U.S. economy and what the Fed might be waiting for to cut interest rates. Corporate Finance * Permission granted by Michelle Hook Q&A PORTILLO’S CFO MICHELLE HOOK SHARES SECRET SAUCE FOR RESTAURANT GROWTH “I have to be passionate about the brand, and I have to fit the culture. If those two don’t exist, I’m not going to join.” People * Courtesy of Chemours CHEMOURS NAMES SHANE HOSTETTER AS NEW CFO FOLLOWING EXECUTIVES’ CODE OF ETHICS VIOLATIONS Hostetter takes over as finance chief as the company looks to move on from code of ethics violations by its CEO, CFO and principal accounting officer stemming from Q4 of last year. Human Capital * Getty Images via Getty Images CFOS ON THE MOVE: WEEK ENDING JUNE 7 New CFOs at Hertz, Aon, Alphabet, Liquid Death, Flutter Entertainment and more. People * Permission granted by Jim Caci THE 6 A.M. CFO: HOW AVEPOINT’S JIM CACI STARTS HIS DAY “My ability to be in the trenches with our team when there’s hard work to be done is what sets me apart and has led to successful teams.” People * DavidLeshem via Getty Images DAYS SALES OUTSTANDING: A CRITICAL LEVER FOR MANAGING CASH FLOW — METRIC OF THE MONTH Get cash more quickly by reducing the time between invoice processing and customer payment. Metric of the Month * Maddie Meyer via Getty Images 6 QUESTIONS FOR THE CFO LEADERSHIP COUNCIL’S SPRING CONFERENCE This week’s event will involve discussions around talent issues, AI and CFO collaboration. Corporate Finance * Sean Pavone via Getty Images DETROIT RIVERFRONT CONSERVANCY CFO FIRED OVER $40M MISSING FROM NONPROFIT Despite the conservancy’s record revenue in 2022, mainly derived from grant money and donations, an apparent cash shortfall triggered an independent forensic audit, which was later handed off to the FBI. People * Permission granted by Karim Sadik-Khan Q&A LIQUID DEATH’S NEW CFO KARIM SADIK-KHAN CREATES KILLER FINANCIAL STRATEGY “None of the other brands in our industry are doing what Liquid Death is doing right now. We’re giving away a jet — for real.” People * SDI Productions via Getty Images TOP PEOPLE RISK FOR 2024: HEALTH COSTS “Risk management now requires a wider ecosystem view that identifies and addresses issues ... and takes account of the wider communities in which a business operates.” Risk * skynesher via Getty Images 52% OF CFOS SAY EMPLOYEE TURNOVER REMAINS A TOP PROBLEM: TRIAL BALANCE According to a new CFO poll, most finance chiefs are still battling employee turnover. Corporate Finance * Permission granted by Navan Q&A TRAVEL AND EXPENSE UNICORN NAVAN NAMES AMY BUTTE AS NEW CFO: ‘LET’S GO’ Butte shares what brought her back to the operations side of the industry following years in an advisory role, what she has learned about IPO readiness and what excites her most about the opportunity. People * .shock via Getty Images CFO PEER AUDIT: WHAT WOULD YOU DO WITH 4 EXTRA WORK HOURS? CFOs from OnlyFans, Multiplan, Universal Technical Institute and more chime in. Strategy More stories SUBSCRIBE TO THE BALANCE Get the free daily newsletter with financial industry insights and practical advice for CFOs. Email: * Select user consent: By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Sign up A valid email address is required. Please select at least one newsletter. MOST POPULAR 1. SEC fines Synchronoss’ former CFO Karen Rosenberger $125K due to accounting misconduct 2. 25% of big companies have no CFO succession plan in place: report 3. Like father, like son: How a CFO raised a CFO turned CEO 4. Lessons on partnership from Buffett and Munger: Trial Balance LIBRARY RESOURCES * Webinar - on demand Building a Resilient and Tax-Efficient Supply Chain Custom content for RSM * Playbook Your Manufacturing ERP Is Costing You More Than You Realize Custom content for NexTec * Playbook Data Tools Revolutionizing Pharmaceutical Financial Analysis Custom content for Visible Alpha View all COMPANY ANNOUNCEMENTS * Web3 Finance Compensation Report: CFOs’ packages are +17% higher in web3 From Request Finance * Bill360 Introduces Advanced AR Automation Solution to Accelerate Growth for Accountants and Th… From Bill360 * Vibrant Emotional Health Appoints New York City’s Long-Time Public Servant David Greenberg as … From Vibrant Emotional Health View all | Post a press release EVENTS * 26 JUN Webinar | noon ET 3 Ways Digital Automation Can Improve Your Finance Functions Presented by studioID and U.S. Bank * 09 SEP Conference FinovateFall 2024 Marriott Marquis Times Square Presented by Informa Connect SUBSCRIBE TO THE BALANCE Get the free daily newsletter with financial industry insights and practical advice for CFOs. 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