chief financial officer

Image Source : FILE Who is Rakesh Kumar at OYO OYO, a global hospitality major recently announced the elevation of Rakesh Kumar as Chief Financial Officer (CFO), which will be effective from January 1 onwards. Abhishek Gupta, the current CFO, will be continuing his duties in an advisory and mentorship capacity with OYO till that time. At present, Kumar is working as 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…