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In the week ending August 28, multiple companies announced chief financial officer personnel changes: GE Vernova appointed Rivian's current CFO Claire McDonough as its new finance chief; RaceTrac hired LVMH North America CFO Jill Pemberton; Hormel Foods named Tyson Foods executive Ash Bhumbla as CFO; Exelon, Targa Resources, Sun Communities, and other companies also had personnel changes.
Jim Silvestri, a CFO with over a decade of experience, acquired A*S Pork Store in East Islip, Long Island, in July 2026 after two cancer diagnoses. This is a 30-year-old Italian food market. He applies his CFO financial mindset, carefully managing cash flow, gradually introducing technological tools and delivery services, while preserving traditional family recipes. Silvestri says this transition stems from a pursuit of life's meaning, not an impulsive decision.
A global Protiviti survey reveals that although 77% of finance organizations have deployed artificial intelligence, only 35% can confidently measure AI's return on investment. Data security and privacy have remained the top priorities for finance leaders for three consecutive years. Experts point out that a lack of confidence in data quality, security, and governance is a major obstacle to the scalable application of AI.
SolarWinds announced its CEO succession plan on Wednesday, with current CEO Sudhakara Ramakrishna stepping down on September 30 and Chief Product Officer Cullen Childress taking over as interim CEO. Meanwhile, CFO Tim Karaca will step down on September 1, succeeded by Samuel Monti. Karaca stated on LinkedIn that he will serve as an advisor until the end of the year.
Nvidia reported revenue of $96.2 billion in the second quarter of fiscal 2027, up 106% year-over-year. The company provided its first full-year guidance, expecting 70% revenue growth in fiscal 2028. CFO Colette Kress noted that surging AI demand is driving growth, but tight memory supply and rising costs remain challenges.
After the U.S. Supreme Court ruled in February that tariffs imposed by Trump under IEEPA were invalid, customs has refunded $100 billion. The refunds are changing public companies' financial reports, from improved profit margins to reduced operating expenses, and triggering consumer lawsuits and congressional pressure. This article analyzes the specific impact on six companies.
Financial planning often misses the mark by ignoring competitors' responses. Using case examples, this article shows that incorporating competitive responses as scenario ranges into budgets and establishing a continuous signal-monitoring mechanism can significantly improve forecast accuracy.
Guy Zeltser became CFO of Hippo Insurance in March 2025. He is committed to driving the modernization of this home insurance company, emphasizing the importance of profitable growth and underwriting discipline. In an exclusive interview, he shares his views on inflation, measuring the value of AI tools, and high-risk markets like California.
Deloitte reached a settlement with the U.S. Department of Justice, agreeing to pay $21.5 million to resolve allegations that its DEI programs violated federal anti-discrimination requirements. The DOJ stated that between January 2017 and August 2026, Deloitte set non-public goals based on race and gender in hiring, promotion, and staffing, and provided training and development opportunities targeted at specific groups. Deloitte denies the allegations and does not admit liability. The whistleblower organization, America First Legal, will receive $4.3 million.
The US core PCE price index rose 0.2% month-over-month and 3.3% year-over-year in July, with stable inflation providing room for the Fed to hold rates steady at its September meeting. Although some policymakers are concerned about inflation, most officials lean toward waiting for more data.