CFO

CNETThere is still a "huge gap" for advertising to fill as consumer continue to move to connected TV, according to Steve Louden, chief financial officer of streaming TV maker Roku, during a press conference Thursday."In Q2, there was a significant slowdown in TV advertising spend due to the macro-economic environment," Roku announced in prepared remarks in its quarterly shareholder letter. Louden was speaking following a disappointing Q2 earnings report by the company, in which Roku missed revenue estimates for the…

CNETThere is still a "huge gap" for advertising to fill as consumer continue to move to connected TV, according to Steve Louden, chief financial officer of streaming TV maker Roku, during a press conference Thursday."In Q2, there was a significant slowdown in TV advertising spend due to the macro-economic environment," Roku announced in prepared remarks in its quarterly shareholder letter. Louden was speaking following a disappointing Q2 earnings report by the company, in which Roku missed revenue estimates for the…

Huawei Technologies Chief Financial Officer Meng Wanzhou and her lawyers are set to attend hearings in a Canadian courtroom via telephone on Monday, arguing for the Canadian attorney general to release more confidential documents relating to her arrest.Meng, 48, was arrested in December 2018 at Vancouver International Airport on a US warrant charging her with bank fraud for allegedly misleading HSBC about Huawei's business dealings in Iran.She has said she is innocent, and is fighting extradition to the United States…

Bank of America has set aside around $200 million for a regulatory matter connected to the unauthorized use of personal phones, its chief financial officer Alastair Borthwick said on Monday, adding that he expects the matter to be settled soon. Last year, Reuters reported that the U.S. Securities and Exchange Commission (SEC) was looking into whether Wall Street banks have been adequately documenting employees' work-related communications, such as text messages and emails, during the work-from-home period of the pandemic.…

GameStop has been on a wild ride ever since it reached meme stock status, and the company has recently been dabbling in Web3 technologies like NFTs and crypto. More recently, it’s also been laying off employees without much explanation. On Thursday, GameStop internally announced an unspecified number of layoffs — reportedly including some from the popular publication Game Informer — and publicly revealed that it has fired its CFO with a terse press release. GameStop CEO Matt Furlong announced the round of layoffs to…

A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022.Brendan McDermid | ReutersGameStop said Thursday its Chief Financial Officer, Mike Recupero, is leaving the company and that it will make staff cuts across departments as part of an effort to turn around the videogame retailer and drive growth.CEO Matt Furlong announced the changes in a memo to employees, obtained by CNBC. Shares of the company fell more than 6% in extended trading after…

Binance US, the U.S. partner of the world's largest cryptocurrency exchange, named former PayPal Holdings executive Jasmine Lee as its chief financial officer on Thursday. Lee most recently served as the CFO and chief operating officer of investing application Acorns. Before that, she spent eight years at PayPal in top executive roles. Her appointment comes at a time when investors have been dumping digital assets on fears that aggressive interest rate hikes from global central banks would spark an economic slowdown. The…

Faced with strong competition for talent and the prospect of an economic slowdown, companies are beefing up chief financial officers’ responsibilities or elevating their positions altogether to retain top executives.Demand for finance chiefs continues to be high as U.S. businesses face volatile stock markets, soaring inflation and rising interest rates. CFO turnover at companies in the S&P 500 rose to 18% last year, compared to 15% the year before and 14% in 2019, according to Russell Reynolds Associates, an executive…

Anheuser-Busch InBev SA/NV says some of its beverages are going to get pricier and come in variable sizes as the maker of Corona and Bud Light looks to catch up with inflation in the U.S. and elsewhere.Leuven, Belgium-based AB InBev found that despite regular updates to its pricing, the company is lagging on cost increases in certain markets, including the U.S. and Brazil, as inflation accelerated since the beginning of the year. “Overall, I feel inflation is a little bit higher than our view,” AB InBev Chief Financial…

The Mustang Mach-E is Ford's first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022.Michael Wayland | CNBCFord Motor's CFO said Wednesday that the company isn't yet seeing consumer demand for new vehicles drop off – but rising commodity costs have wiped out the profit it initially expected to make on its electric Mustang Mach-E.Demand for new Fords and Lincolns continues to exceed supply, which is still constrained by an ongoing global shortage of semiconductor chips, Ford…