Financial Reporting
ABGi USA, part of the global ABGi Group, is a multidisciplinary consulting firm specializing in incentive strategies, tax consulting, and talent solutions. With over 35 years of industry experience, operations across nine countries, and a global network of approximately 600 professionals, the company helps businesses identify opportunities that support investment, innovation, and long-term growth. Its service areas encompass innovation, real estate investment, energy incentives, operational expansion, and workforce planning, and it collaborates closely with CPA firms and strategic partners to offer NASBA-accredited CPE continuing education courses.
AT&T announced this week that current Chief Financial Officer Pascal Desroches will officially retire on December 31, 2026, and will be succeeded by former company executive Jennifer Biry. Biry will serve as Deputy Chief Financial Officer starting July 9, 2026, and will be promoted to CFO on January 1, 2027.
Teresa Desy Majo, former CFO of Maccaferri Inc., faces federal charges for allegedly orchestrating an embezzlement scheme that caused over $550,000 in losses. The indictment details fabricated emails, unauthorized benefits, and concealment of her termination from immigration authorities.
Adobe CFO Daniel Durn announced he will depart on June 15 to become CFO of Marvell. The company has appointed veteran employee Steven Day as interim CFO. Earlier, CEO Shantanu Narayen announced his departure plan in March, and the company's executive leadership faces significant changes.
AICPA and CIMA recently released the "Rise 2040" vision report, stating that AI will drive compliance to become "invisible," audits to become continuous, and reshape entry-level roles. Based on discussions with over 6,000 accounting professionals across 25 countries between June 2025 and January 2026, the report proposes four predictions and solutions, including adopting subscription-based pricing, cross-generational training, and trust scoring platforms. AICPA Executive Vice President Tom Hood stated that the industry needs to transform fear into optimism and redesign talent development pathways.
Against the backdrop of AI technology rapidly permeating corporate processes, CFOs are facing new challenges: how to precisely measure AI's cost-effectiveness. Gordon Pothier, CFO of Board, stated in an interview that finance executives have begun to shift from the initial 'embracing AI' to 'prudent evaluation,' focusing on AI's long-term costs, scalability, and potential risks. He suggested that companies need to be wary of over-reliance on AI and learn to filter out truly valuable application scenarios amid the noise.
For multi-entity enterprises, intercompany transactions are a persistent accounting challenge and one of the most time-consuming processes. NetSuite OneWorld provides native tools, but most organizations do not fully utilize them. By correctly configuring intercompany accounts, enabling the framework, automating management, and setting up representative entities, finance teams can greatly shorten closing cycles and reduce error risks. This article also points out common configuration mistakes and introduces Charted's optimization services and webinar resources.
Chipotle Mexican Grill Chief Financial Officer Adam Rymer recently stated that as the company accelerates its international expansion, its store count outside the U.S. could match its domestic count in the coming decades. In an interview with CFO Dive, Rymer noted there remains significant growth potential in Western Europe and other partnered markets beyond it. Chipotle currently operates 82 stores in Canada, 22 in the UK, 7 in France, and 2 in Germany, with an additional 15 run by partners in the Middle East. In September 2025, the company announced its first entry into the Asian market through a joint venture with SPC Group, planning to open stores in Singapore and South Korea this year.
Hub Group appointed Todd Heeter as interim Chief Financial Officer on May 28. Under the consulting agreement, Heeter will receive a monthly cash consulting fee of $125,000 for six months. The appointment is part of a series of corrective measures taken by the company in response to a $77 million accounting error.
Nubank announced on Monday that Rob Livingston, a longtime Visa executive, will succeed Guilherme Lago as Chief Financial Officer on July 13. During his five-year tenure, Lago helped transform the company from a regional fintech into a global digital banking platform serving 135 million customers, and will serve as a special advisor after stepping down. The leadership change comes as Nubank actively expands into the US market, but market reaction was cautious, with shares falling about 8% the next day and BofA Securities downgrading the stock to 'underperform'.