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AI coding platform Cursor announced the establishment of a CFO committee aimed at addressing the challenge of measuring return on investment amid a surge in corporate AI spending. The committee will develop shared benchmarks for AI productivity and a framework for measuring returns, with its first meeting scheduled for August.
The latest Deloitte report shows that as AI projects expand, data access fees in enterprise software are becoming a new financial risk point. Vendors charge for data access through a 'toll' model, and companies need to audit data rights before contract renewals and enhance coordination among finance, technology, and procurement departments.
Kyndryl Holdings announced on Monday the appointment of Ellen Johnson as Chief Financial Officer and Andrew Bonzani as General Counsel and Corporate Secretary, about five months after the company's former CFO and general counsel departed due to an accounting review. Johnson will assume her role on July 20, while Bonzani will start immediately. Both come from Interpublic Group, which has been acquired by Omnicom.
Data from the Deel HR platform and a16z shows that most employees globally take only one day off at a time, with France leading at an average of 28 days per year and the United States at only 16 days. Brazil has segmented leave due to legal requirements, while nearly a quarter of U.S. employees take no time off all year.
Databank's current CFO Kevin Ooley will take over as CEO in January next year. In an interview, he stated that his first priority is to find a CFO successor and plans to communicate with the executive team to maintain strategic continuity.
Faced with multiple risks arising from geopolitical, macroeconomic, and technological changes, finance executives are being entrusted with broader strategic responsibilities. This article explores how financial leaders can secure a place in the C-suite by building consensus on strategic vision, strengthening financial foundations, and proactively managing risks, while leveraging the professional support of commercial payment partners to transform financial insights into a driving force for corporate growth and resilience.
Adyen announced in a press release on Wednesday that Hwa Tsao, currently Senior Vice President of Group Finance, will serve as interim Chief Financial Officer to manage the transition period following current CFO Ethan Tandowsky's departure on August 31. Meanwhile, Global Head of Product Gayathri Rajan has been promoted to Chief Product Officer, effective immediately. These two personnel changes were announced in conjunction with the company's completion of its acquisitions of Talon.One and Orb. Tsao and Rajan will report to the co-CEOs but will not join the management committee.
American Eagle Outfitters announced on Wednesday that it has hired Ravi Thanawala, former Chief Financial Officer of Papa John's International, to succeed long-time finance chief Michael Mathias, with the appointment effective August 3. Thanawala left Papa John's abruptly after three years of service and will receive a compensation package including an annual salary of $1 million.
As the 2026 FIFA World Cup kicks off in North America, payment security agencies such as ACI Worldwide and Bluefin Payment Systems have issued warnings that fraudsters are exploiting the surge in online ticketing and spending brought by the event to launch attacks. Based on an analysis of 24.5 million transactions from 61 past events, ACI found that fraud attempts spike just before the event. Both agencies advise merchants to strengthen defenses, be wary of tactics such as fake ticketing websites and phishing attacks, and note the amplifying effect of AI technology on fraudulent activities.
With July 4th, U.S. Independence Day, approaching, CFO Dive has updated its annual summer playlist, focusing on money and financial themes. The playlist is diverse in style, ranging from celebratory to contemplative, spanning multiple eras and genres. The editor personally favors Bruce Springsteen, while also thanking readers and colleagues for their recommendations, including selections from a Packaging Dive reporter, AICPA experts, and a university professor. The songs touch on heavy themes such as desire, greed, and crime, while also showcasing money as a vehicle for love and care. The full playlist is available on Spotify.