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News

• CIOs need to get their house in order, CFO panel says

  CIOs need to get their house in order before they get a seat at the top table, a panel of finance executives said.

• Siemens CFO moves into CEO seat

  German engineering giant Siemens has replaced its chief executive in a drive to bring the conglomerate back on track after a profit warning sparked the ejection of his predecessor.

• Ruralco CFO resigns

  Andrew Ferguson resigned from the role of CFO at Ruralco Holdings Limited on 30 July.

• Orica appoints Craig Elkington as CFO

  Craig Elkington, Orica Limited's executive global head, mining services, will take over the role of CFO from Noel Meehan who will leave the company in October this year.

• Transfield appoints new CFO to help oversee ERP system upgrade

  Transfield Services has appointed Vincent Nicoletti as its new CFO to help oversee a major upgrade of its SAP enterprise resource planning system.

• Australian Rugby Union CFO tackles fans with CRM deployment

  Getting fans to buy tickets for rugby union tours, such as the upcoming British Lions tour, has been made easier for the Australian Rugby Union (ARU) thanks to its customer relationship management (CRM) system.
  

• Leighton Holdings CFO promoted as company looks for transformation

  Leighton Holdings (ASX: LEI) has promoted its CFO, Peter Gregg, to deputy CEO as part of a management reshuffle aimed at shifting the gears from stabilisation to business growth.

• Seven West Media loses group CFO Peter Lewis

  Seven West Media’s long-serving group chief financial officer, Peter Lewis, has resigned and will quit his post at the end of April.

• Ansell looks for new CFO after Jilla steps down

  Ansell (ASX:ANN) is on the hunt for a new CFO following the resignation of longstanding finance chief, Rustom Jilla.

• CFOs: Start driving strategy and business value

  Today’s CFO has evolved from financial controller to corporate stakeholder driving strategy and business value, industry commentators claim.

• Female CFOs slowly on the rise

  According to a new report on Bloomberg, the number of women CFOs increased by 35 per cent at the largest US companies in the past year, putting more female executives in top ranking positions.

• Coles gets new finance director

  Coles has appointed Rob Scott, managing director of Wesfarmers Insurance, as its new finance director.

• NextDC appoints CFO

  Company hires ex CEO of Reverse Corp, Paul Jobbins, as its CFO.

• Aer Lingus CFO on helping to turn around the fortunes at Ireland's flag carrier

  It's not an easy time to be a chief financial officer of an airline business. Increased incidence of natural disasters, volatile fuel prices, a possible double-dip recession and falling passenger numbers have all combined to severely dent most airlines' profits and prospects, so to join the board of an airline at the time of one of its worst financial years is a job only for the very experienced.

• Note to CFOs: Give Investors Attention When It Comes to Investment Strategy

  Especially when explaining engagement in risky, rapid-growth markets, studies find need for better communication, says Ernst & Young.