Rex Minerals appoints CFO as it gears up for business transformation
Rex Minerals (ASX: RXM) has appointed a new CFO as part of a business shake-up designed to transform the company’s focus from exploration to developing and mining.
Rex Minerals (ASX: RXM) has appointed a new CFO as part of a business shake-up designed to transform the company’s focus from exploration to developing and mining.
The role of the CFO is changing, and rapidly. While the CFO has always played a critical role in successful businesses, over the last few years that role has expanded beyond traditional finance disciplines to increasingly include broader business strategy and transformation initiatives.
Goodman Fielder (ASX:GFF) is on the hunt for a new chief financial officer after Shane Gannon announced he will quit the post to become the new CFO of property giant, Mirvac Group (ASX:MGR).
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.
There is an emerging wisdom today that considers improving cash flow to be a key driver of shareholder value optimisation. It may not be as fashionable, or even as sexy, as a relentless focus on earnings per share but overlooking, or at least failing to prioritise, cash flow optimisation is short-changing shareholders.
Half of CFOs view their organisation’s IT function as a cost centre and don’t see technology as a competitive differentiator in business, according to IDC's latest research.
Thinking back on it, conversations with CFOs in the 1990s never addressed the issues of technology other than the significant costs it was having on their businesses. There was certainly no mention of the strategic value or the role it would play in the development of business models and processes.
In this day and age, finance executives find themselves swimming in turbulent waters, forced to navigate major disruptions from macroeconomic shifts, regulatory uncertainty and other hard-to-predict events. To stay afloat, they need to be able to operate smarter in an environment that has become increasingly complex and volatile.
CFOs are as equally responsible as their c-suite peers for leading strategy and representing their organisation at an external and internal level, Juniper Network’s CFO claims.
CFOs have increased their use of interim and temporary staff, showing the continued necessity UK businesses have to engage temporary resource to help augment permanent headcount, according to new research by Robert Half UK.
As private security firm G4S' CEO Nick Buckles prepares to step down and retire from the company as a director on 31 May, the current CFO Ashley Almanza has been elevated to the top job effective June 1.
The role of the CFO has become more strategic over the last three years and is one which can drive change across the whole organisation, a new survey claims.
Microsoft has named Amy Hood as its group CFO in an internal promotion, announced late on Thursday.
The issue of men outweighing women in top finance roles and in pay continues to loom over the industry. So what are organisations doing to really help change that and ensure their executive teams are more gender balanced?
Microsoft's chief financial officer, Peter Klein, will receive US$2 million in the year after he retires from the company, according to documents filed Thursday with the U.S. Securities and Exchange Commission.