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When a CFO’s “Head In The Cloud” Is a Good Thing

N2Growth Blog

Having a CFO with a “head in the cloud” might be a good thing if we’re talking about cloud computing, cognitive technologies, and AI that has significantly influenced this role. This scenario is why changing the recruiting strategy and redefining the CFO profile requirements are long overdue. .

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Moderna CFO Exits A Day After Taking Charge With His Annual Pay

HR Digest

Moderna CFO Jorge Gomez had assumed the position just one day prior, almost a month after leaving a dental company. While Moderna looks for a replacement, his recently retired predecessor, David Meline, will continue to work as the CFO. The biotechnology company announced Gomez’s appointment as the new Moderna CFO on April 11.

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Eli Lilly CFO resigns over misconduct in workplace

HR Digest

Anat Ashkenazi, previously senior vice president, controller and chief financial officer of Lilly Research Laboratories, has been named as his successor and will now be the next CFO. Smiley was appointed the CFO in 2018. The company believes the conduct wasn’t related to any financial controls or financial reporting.

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Technology Literacy Will Determine a CFO’s Success

HR Digest

The one thing that will majorly influence the fate of CFO aspirants is their tech skills. According to a Gartner survey of 173 CFOs in November 2020, digital investments topped CFO agendas. Being comfortable with data, technology, and cross-disciplinary collaboration was crucial to the success of CFO candidates.

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Organizations Are Failing To Capitalize On Data And Technology

The Horizons Tracker

According to a report by Accenture, although CEOs recognize the importance of utilizing data, technology, and people for growth, only a small percentage of large global companies are effectively utilizing these elements. Those that do have the potential to increase productivity by 11%, leading to increased profitability and revenue growth.

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Conference Board Announces CEOs Plan to Increase Wages by a Minimum of 3%

HR Digest

In an earnings call on Tuesday, UPS CFO Brian Newman reported that the company decreased compensation and benefits by $205 million in the second quarter by eliminating 2,500 managerial positions annually. During the quarter, CFO Melissa Hayes Thomas reported on an Aug. He added that the shortage of workers is consistent.

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157: The Aspiring Leader — Successfully Step into a New Leadership Role | with John Lawler

Engaging Leader

Perhaps you’re the Director of Finance, and you’ve just been tapped to become the new CFO. What do you need to change now that your former peers will be reporting to you? Perhaps you’re the Director of Finance, and you’ve just been tapped to become the new CFO.

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