CFO

A Peloton exercise bike is seen after the ringing of the opening bell for the company's IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019.Shannon Stapleton | ReutersPeloton's chief financial officer, Jill Woodworth, is leaving the company and will be replaced by Liz Coddington, an executive at Amazon Web Services, effective next week, the company announced Monday.The handover marks another departure among the at-home fitness company's top ranks. Peloton earlier this year appointed Barry…

MicroStrategy Inc.’s new chief financial officer on Wednesday said its strategy to buy and hold bitcoin long term won’t change despite the recent selloff in the digital asset, which has dented the value of the analytics-software company’s holdings.Bitcoin and other cryptocurrencies have plummeted this month, in part due to investor concerns over persistent high inflation and the collapse of the TerraUSD stablecoin. Bitcoin’s price has slumped by 32% over the past year to $29,128.50 through…

Lordstown Motors Corp.’s ability to stay in business for at least another year remains in doubt until it secures more funding and its market value rises, its finance chief said after the electric-truck maker sold its factory to raise cash.Lordstown, which aims to launch its first vehicle this year and doesn’t generate any revenue yet, issued a going-concern warning in June 2021, flagging worries about its financial health. “It will be there until we raise sufficient capital and get to a…

Lordstown Motors Corp.’s ability to stay in business for at least another year remains in doubt until it secures more funding and its market value rises, its finance chief said after the electric-truck maker sold its factory to raise cash.Lordstown, which aims to launch its first vehicle this year and doesn’t generate any revenue yet, issued a going-concern warning in June 2021, flagging worries about its financial health. “It will be there until we raise sufficient capital and get to a…

Chobani Inc. finance chief Jody Macedonio will exit the company next month, the latest executive departure after the yogurt maker put plans for its initial public offering on hold. Ms. Macedonio joined the New Berlin, N.Y.-based company in 2020 to help prepare the company for its public debut. A search for a new CFO is under way, according to an internal memo from Chief Operating Officer Kevin Burns to staff that was reviewed…

Huawei Chief Financial Officer Meng Wanzhou flew home to China on Friday after reaching an agreement with US prosecutors to end the bank fraud case against her, relieving a point of tension between China and the United States.Within hours of the news of the deal, two Canadians who were arrested shortly after Meng was taken into custody in December 2018 were released from Chinese jails and were on their way back to Canada. Beijing had denied that their arrests were linked.The years-long extradition drama has been a central…

Chinese telecoms giant Huawei on Monday reported record profit for 2021, defying the US sanctions aimed at it as executive Meng Wanzhou made her first public appearance since returning to China from Canadian custody.The company has been caught in the crosshairs of a US-China trade and technology rivalry, with the administration of former President Donald Trump moving to cripple it over cybersecurity and espionage concerns.The results, announced in Chinese tech hub Shenzhen, also marked the first return to the limelight of…