CFOs On the Move: Week Ending June 19

Mary P. Humphrey

Sonia Jain

Vehicles.com has appointed Sonia Jain as finance chief, powerful July six. Jain joins the organization from the movie rental and streaming organization Redbox where by she served as CFO. In advance of Redbox, Sonia was vice president of finance and treasurer with Outerwall. She was beforehand an financial investment banker at Morgan Stanley and a specialist at McKinsey & Co. Jain normally takes above for Jandy Tomy, who has served as interim CFO due to the fact January. Tomy will resume her treasurer place as properly as other finance responsibilities for the organization.

D. Anthony Scaglione will turn

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Finance During the Crisis: Five Lessons from CFOs

Mary P. Humphrey

COVID-19 has altered every thing for companies, and main economical officers and their teams have been heads down due to the fact the pandemic began. Right after guaranteeing the bodily security of their people today and setting up distant performing arrangements, the CFOs’ major precedence has been running liquidity in a wildly volatile setting.

Numerous months into the disaster, virtually every single business has rationalized working charges, secured funding resources, and taken a hard seem at prepared cash expenses. Some are checking out governing administration aid whilst other folks have pivoted fast into new strains of business.

We have experienced

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Judge Rules Huawei CFO’s Extradition Case Can Go Forward

Mary P. Humphrey

A judge in Canada has dominated that the U.S. extradition circumstance in opposition to senior Huawei Systems government Meng Wanzhou can go on considering that the allegations in opposition to Meng constitutes a crime in Canada.

Meng, the daughter of Huawei’s founder Ren Zhengfei and chief economical officer of the organization, was arrested in December 2018 at Vancouver Worldwide Airport. She was indicted in January 2019 amid allegations that a Huawei-affiliated organization, Skycom Tech, sold telecommunications tools to Iran in violation of U.S. sanctions.

Meng was also accused of fraud for misrepresenting Huawei’s business in Iran to the U.S. government

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4 Behaviors That Empower CFOs to Lead With Compassion

Mary P. Humphrey

When added stress of running the affect of the existing pandemic has hit all leaders and functions hard, the most difficult hit could be chief money officers and the departments they are main by means of these really dynamic situations. With a the vast majority of organizations predicting a loss of income and revenue, finance functions are remaining asked to pull all the levers they can to limit the money problems brought about by the disaster.

I’ve experienced the opportunity to communicate with a range of CFOs above the earlier a number of months and have heard their stories of

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Managing Through COVID-19: Six Imperatives for CFOs

Mary P. Humphrey

A bit additional than a decade following the Terrific Economic downturn, COVID-19 has brought back again the dreaded “R” term to haunt executives in the world wide financial state. The follow of social distancing to gradual the contagion has abruptly and sharply curtailed financial exercise all around the world. Also, it is getting to be obvious that a around the globe recession of sizeable depth emerged in the very first quarter of 2020 and could continue on for an unsure period.

Downturns and recessions are challenging, but some companies are not only ready to come out intact, they are also

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