Cinven CEO and CFO Resign Amid Price Gouging Concerns
Cinven's CEO and CFO are stepping down amid concerns over potential bans related to price gouging practices, highlighting regulatory risks facing the private equity firm.
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Stellantis Names Joao Laranjo as New CFO
Stellantis has appointed Joao Laranjo as its new Chief Financial Officer, succeeding Doug Ostermann, bringing extensive experience in finance and the automotive sector to support the company's growth and strategic goals.
Snowflake Leads Fortune Future 50 with AI Focus
Snowflake leads the 2025 Fortune Future 50 list of top growth companies, driven by AI and data analytics, with a new CFO, Brian Robins, aiming to sustain its momentum amid rising AI demand and revenue growth. The list highlights the dominance of U.S. tech firms in the AI-driven business landscape, while trust in responsible AI use is gradually increasing among Americans.
xAI CFO Resigns Amid Executive Turnover and Musk's AI Challenges
XAI CFO Mike Liberatore left the company three months after joining, creating a key vacancy amid ongoing fundraising and expansion efforts, with Liberatore already having a new role lined up.
Trump's Intel Deal and Shifts in U.S. Economic Policy
The CFO of a company revealed that a deal between Trump and Intel was specifically designed to prevent the sale of a chipmaking unit, highlighting strategic corporate and political considerations.
Boeing Appoints New CFO Amid Leadership Changes
Boeing has appointed former Lockheed Martin CFO Jay Malave as its new CFO, effective August 15, to help lead its transformation and improve its financial stability, succeeding Brian West who will remain in an advisory role.
Super Micro Clears Management, CFO Replaced Amid Stock Fluctuations
Super Micro Computer's internal investigation, prompted by auditor Ernst & Young's concerns over governance and financial controls, found no evidence of fraud or misconduct among its management. Despite this, the company is replacing its CFO, David Weigand, and plans to hire a new chief compliance officer and general counsel to enhance financial operations. Following the announcement, Super Micro's stock price surged by 30%.
Super Micro Stock Surges as Accounting Probe Clears Management
Super Micro Computer's stock surged by 20% after an independent investigation found no wrongdoing in its accounting practices, despite concerns raised by its former auditor, EY. The probe concluded that the issues did not compromise the integrity of the company's financial statements, and no restatements are expected. However, the report recommended replacing CFO David Weigand, a process that is currently underway. The company's shares have been volatile but are up nearly 40% year-to-date.
Alphabet Appoints Eli Lilly's Anat Ashkenazi as New CFO
Alphabet has appointed Anat Ashkenazi, former CFO of Eli Lilly, as its new CFO. Ashkenazi, who played a key role in managing Eli Lilly's finances during the GLP-1 anti-obesity drug boom, will now navigate Alphabet's financial landscape amid its focus on generative AI. She succeeds Ruth Porat, who will become Alphabet's president and chief investment officer. Ashkenazi's extensive experience in the pharmaceutical industry and her strategic financial management are expected to be pivotal as Alphabet continues to invest heavily in AI technologies.
Alphabet Appoints Eli Lilly's Anat Ashkenazi as New CFO
Google has appointed Anat Ashkenazi, a veteran from Eli Lilly, as its new CFO as the company pivots towards AI technology. This strategic move comes as Google invests heavily in AI infrastructure and tools, aiming to dominate the next era of computing. Ashkenazi's appointment follows a period of significant growth at Eli Lilly and comes at a time when Google is recovering from past AI missteps and looking to monetize new AI services while maintaining its core search business.
Alphabet Hires Eli Lilly CFO Anat Ashkenazi
Eli Lilly and Company announced that Chief Financial Officer Anat Ashkenazi has resigned to pursue a career opportunity outside the pharmaceutical industry. Ashkenazi, who has been with Lilly for 23 years and served as CFO for the past three years, will continue in her role until July 2024 while the company searches for her successor.
Costco Confirms $1.50 Hot Dog Combo Price is Here to Stay
Costco's new CFO, Gary Millerchip, confirmed during his first earnings call that the price of the $1.50 hot dog and soda combo will remain unchanged, dispelling recent speculation. This price has been stable since the mid-1980s, despite previous comments from former CFO Richard Galanti suggesting a potential increase. The company has managed to maintain this price by manufacturing its own hot dogs and leveraging revenue from other business sectors. Costco reported a 9.1% increase in sales for Q3 2023, exceeding expectations.
Costco Confirms $1.50 Hot Dog Combo Price Will Stay
Costco's new CFO Gary Millerchip reassured investors that the price of the popular $1.50 hot dog and soda combo will remain unchanged, continuing the company's long-standing tradition of offering budget-friendly deals.
Costco Confirms $1.50 Hot Dog Combo Price Will Stay
Gary Millerchip, the new CFO of Costco, reassured investors that the $1.50 hot dog and soda combo will remain unchanged, dispelling recent speculation about a potential price hike. This announcement follows comments from former CFO Richard Galanti that had caused uncertainty. Costco's strategy of manufacturing its own hot dogs and leveraging revenue from other business sectors has helped maintain the low price. The company reported a 9.1% increase in sales for Q3 2024, exceeding expectations.
Boeing CFO Warns of Cash Flow Issues and Slow Deliveries
Boeing's CFO Brian West has warned of slow fleet deliveries and negative cash flow, causing the company's stock to drop. The Federal Aviation Administration continues to review Boeing's production issues, and recent news of China halting deliveries of Max 8 jets further impacts cash generation.