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....Marco Gobbetti will become chief executive next month after being recruited from French luxury rival Céline. His appointment is one of a number of senior management changes at the company, which recently hired Julie Brown from the medical supplies group Smith & Nephew as chief operating officer and chief financial officer. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 06:10:12 PM
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Latest Finance News related to Chief Financial Officer

Burberry faces upheaval as chairman signals departure image
Source : Guardian [Read Article] Wednesday 21st of June 2017 06:10:12 PM
....Marco Gobbetti will become chief executive next month after being recruited from French luxury rival Céline. His appointment is one of a number of senior management changes at the company, which recently hired Julie Brown from the medical supplies group Smith & Nephew as chief operating officer and chief financial officer. ...
EDF Energy's Vincent de Rivaz to step down after winning Hinkley battle image
.... De Rivaz promised staff he would ensure a “a seamless handover”. Rossi, an Italian who joined EDF as chief financial officer in 2011, will face the Herculean task of ensuring the reactors at Hinkley are delivered by 2025. ...
General Electric says CEO Jeff Immelt is stepping down image
Source : Guardian [Read Article] Monday 12th of June 2017 12:14:10 PM
.... He became president and CEO of the company’s equity unit in 2002 and eventually joined the healthcare unit in 2014, focusing on advanced technologies. In addition, chief financial officer Jeff Bornstein was named vice-chair and Kieran Murphy was named president and CEO of GE Healthcare to succeed Flannery. ...
Uber fires more than 20 employees after sexual harassment investigation image
Source : Guardian [Read Article] Wednesday 7th of June 2017 03:52:01 AM
....Several high-profile employees have left the embattled company in recent months, including the policy and communications vice-president, Rachel Whetstone, and Jeff Jones, Kalanick’s second-in-command, who left the company over what he described as disagreements with leadership. Last week the company revealed that its chief financial officer, Gautam Gupta, was also leaving. ...
Burberry's Bailey to get £10.5m in shares when he checks out as CEO image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:35:18 PM
....4m) to buy him out of his pay deal with his previous employer. His appointment is part of a series of management changes at Burberry, which has also hired Julie Brown from medical supplies group Smith & Nephew as chief operating officer and chief financial officer. ...
Another Uber executive quits but losses improve image
Source : BBC [Read Article] Thursday 1st of June 2017 11:41:41 AM
...." . Uber is now looking for a chief financial officer who it is thought will help steer the company towards a flotation on the stock market in the next two years. ...
Bumper bonus: four directors grab £40m each in City payday image
Source : Guardian [Read Article] Wednesday 31st of May 2017 11:58:59 AM
....Based on the average share price over the past 40 days of 234p, the total bonus pot is worth £240m. The quartet – Christopher Miller, executive chairman; David Roper, executive vice chairman; Simon Peckham, chief executive; and Geoff Martin, chief financial officer – are entitled to 68% of it. ...
British Airways owner loses £170m in value after IT meltdown image
Source : Guardian [Read Article] Tuesday 30th of May 2017 09:01:05 AM
.... The airline said it had reviewed its own systems after this weekend, but had never had a major outage, with backup systems in three different locations around Europe and regular disaster recovery testing. Contrasting the airline’s operation to BA’s outsourced IT, Ryanair’s chief financial officer, David O’Brien, said: “All of our investment in IT is in-house, in Europe – Dublin, Madrid and Rostoff – proximate to our business, and expensive. ...
Small firms hit by rates relief delay image
Source : BBC [Read Article] Monday 29th of May 2017 11:14:13 PM
....Councils have been left in limbo and have been pushing the government for guidance. But within the last few days, the DCLG has written to local authority chief financial officers in England with the necessary guidance. ...
Petrofac executive suspended amid fraud probe image
Source : BBC [Read Article] Thursday 25th of May 2017 11:29:00 AM
....On Thursday, Petrofac said it had formed a special board committee to manage the firm's dealings with investigators. It is made up of its chairman, chief financial officer and independent non-executive directors. ...
Aston Martin roars back into profit as DB11 revs up sales image
Source : Guardian [Read Article] Wednesday 24th of May 2017 05:41:58 PM
....The carmaker, based in Gaydon, Warwickshire, also raised annual forecasts, predicting an operating profit of £170m in 2017 and a 30% increase in sales to nearly 4,800 cars. “The car that has really kickstarted the turnaround is the DB11,” said the chief financial officer, Mark Wilson. ...
Aston Martin roars back into profit for the first quarter image
Source : BBC [Read Article] Wednesday 24th of May 2017 03:56:30 PM
...."The amount of customers who are buying these cars. has doubled year on year," said Mark Wilson, the chief financial officer. ...
Shell shareholders to vote for new climate change goals image
Source : Guardian [Read Article] Sunday 21st of May 2017 10:38:07 AM
....ISS has also raised concerns over the £1. 94m payout for a former chief financial officer, Simon Henry, which it said was not in line with practice in the UK. ...
FTSE 100 rebounds and sterling rises image
Source : BBC [Read Article] Friday 19th of May 2017 08:02:14 AM
....The biggest faller on the index was Smiths Group, down 2. 8% after announcing that chief financial officer Chris O'Shea was stepping down. ...
Alibaba revenues jump 60% as Chinese growth continues image
Source : BBC [Read Article] Thursday 18th of May 2017 04:48:01 PM
....But for the financial year that closed in March they declined about 40%, a drop the firm attributed largely to its film division, Alibaba Pictures Group. "Our robust results demonstrate the strength of our core businesses, as well as the positive momentum of our emerging businesses," said Maggie Wu, the firm's chief financial officer. ...
US retail sales rise as stores struggle image
Source : BBC [Read Article] Friday 12th of May 2017 05:29:48 PM
....The company posted a net loss of $180m, more than double last year, in part due to the costs related to plans for more than 100 store closures. "Obviously we had a very challenging quarter in a challenging environment," said chief financial officer Ed Record. ...
Tesco chief executive Dave Lewis sees pay fall 10% image
Source : BBC [Read Article] Friday 12th of May 2017 02:48:01 PM
....The head of the supermarket's remuneration committee, Deanna Oppenheimer, said: ''Tesco has had a strong year of progress, delivering against the three turnaround priorities of improving competitiveness in the UK, a more secure balance sheet and rebuilding trust, which were set in 2014. Tesco's annual report for the 2016-2017 financial year also showed that chief financial officer Alan Stewart's total pay package was £2. ...
Sliding sales stoke fears for US department stores image
Source : BBC [Read Article] Thursday 11th of May 2017 04:39:56 PM
....Macy's is adding discount areas to its stores, striking deals to stock exclusive fashion lines, and making it easier for customers to try on shoes without a sales assistant. Macy's chief financial officer, Karen Hoguet, said putting collection points for online purchases at the front of the store - rather than forcing customers to find their way to a counter at the back - has actually boosted sales. ...
Pearson: two-thirds of shareholders reject pay package image
Source : BBC [Read Article] Friday 5th of May 2017 04:38:28 PM
....Ahead of the vote at Friday's annual general meeting, Pearson announced that Mr Fallon had invested his full, post-tax bonus back into Pearson shares. In addition, chief financial officer Coram Williams had bought 5,000 shares and chairmen Sidney Taurel 20,000 shares through Pearson's secondary listing on the New York Stock Exchange, the company said. ...
Facebook nears two billion monthly users image
Source : BBC [Read Article] Wednesday 3rd of May 2017 09:35:28 PM
....9bn in the period. However, chief financial officer David Wehner said ad revenue growth would come down significantly over the rest of 2017. ...
Dobbies garden centre chain strikes deal with Ocado image
Source : BBC [Read Article] Monday 1st of May 2017 03:24:56 PM
....Dobbies' new chairman, Andrew Bracey, a co-founder of Midlothian Capital, has links to Ocado. He was chief financial officer at the online specialist for three years until 2012. ...
Fashion retailer Boohoo nearly doubles profit after celebrity Instagram tie-ups image
....7bn, equal to 80% of Marks & Spencer. Neil Catto, Boohoo’s chief financial officer, said the company’s success with mostly millennial customers had been driven by its focus on encouraging celebrities and bloggers to post about the retailer’s clothes on Instagram. ...
Credit Suisse plans £3bn fundraising to boost capital image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:27:10 AM
.... The bank set aside $198m for bad loans, less than the $500m expected by analysts. "This is an encouraging first quarter but we are not getting carried away," said chief financial officer Andy Halford. ...
Lockheed Martin profits take fall, despite sales increase image
Source : BBC [Read Article] Tuesday 25th of April 2017 05:20:59 PM
....US to buy more F-35 fighter jets from Lockheed Martin. But chief financial officer Bruce Tanner said on a call with analysts that nothing significant had changed to the programme in the last six months, though talk about F-35 costs was "bundled" with pricing for some of the firm's other contracts. ...
Tesla board 'too close to Elon Musk' image
Source : BBC [Read Article] Wednesday 12th of April 2017 09:01:58 PM
.... And so far he's doing very well. Tesla board members include Mr Gracias, a shareholder and board member of SpaceX, another company controlled by Elon Musk; as well as Brad Buss, a former chief financial officer at solar power business SolarCity, which was founded by Mr Musk and later bought by Tesla. ...
Ryanair 'will have to suspend UK flights' without early Brexit aviation deal image
....Ryanair has warned it will have to halt flights from the UK for “weeks or months” if Theresa May does not seal an early bilateral Brexit deal on international aviation. The suspension of flights from Stansted and other airports was “a very distinct possibility”, the company’s chief financial officer, Neil Sorahan, told the Guardian. ...
Ralph Lauren to close flagship Polo store in cost-cutting plan image
Source : BBC [Read Article] Tuesday 4th of April 2017 02:52:30 PM
.... The Fifth Avenue Polo store is the most high profile closure so far. "The decision will optimise our store portfolio in the New York area and allow us to focus on opportunities to pilot new and innovative customer experiences," said chief financial officer, Jane Nielsen. ...
Brexit top risk for UK bosses but fears of impact receding – poll image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:00:15 AM
....Fears about the effect of Brexit are receding among Britain’s company bosses – although the UK’s departure from the EU remains their top risk. Nearly a third of chief financial officers said they are more optimistic about the prospects for their company than they were three months ago – the highest level since 2015 – a poll by advisory firm Deloitte has found. ...
Southern rail chief: we aren’t doing anything wrong image
Source : Guardian [Read Article] Tuesday 28th of February 2017 02:04:25 PM
....Brown was speaking on Tuesday, when Go-Ahead shares fell by almost 14% after the group announced a 13% drop in profits for the first half of the financial year, partly driven by the losses on GTR. Patrick Butcher, the chief financial officer of Go-Ahead, said that GTR had made a loss of about £4m, but could lose as much as £15m over the year dependent on the negotiations. ...
Vauxhall job fears rise as Peugeot boss mentions 'speedy' savings image
Source : Guardian [Read Article] Thursday 23rd of February 2017 11:00:40 AM
....2%. The chief financial officer, Jean-Baptiste de Chatillon, said PSA took a “big hit” on currency volatility, especially in Britain after the Brexit vote sent the pound plunging against the euro. ...
Peugeot owner PSA sees profits nearly double image
Source : BBC [Read Article] Thursday 23rd of February 2017 10:11:37 AM
.... It is the third year in a row that operating margin, sales and net profit have improved at the group, which flirted with bankruptcy in 2014. As a result of the company's improved performance, chief financial officer Jean-Baptiste de Chatillon said PSA was in a position to make "profitable investments in the interest of our shareholders". ...
General Motors looks to sell loss-making Vauxhall and Opel image
Source : Guardian [Read Article] Tuesday 14th of February 2017 01:42:44 PM
....It had hoped to break even by now, but posted an annual loss of $257m (£206m) for 2016 earlier this month. Chuck Stevens, GM’s chief financial officer, warned last year that the company was “prepared to take whatever action is necessary” to get its European business back on track. ...
Shell begins huge task of decommissioning Brent oil rigs image
Source : Guardian [Read Article] Monday 6th of February 2017 07:01:20 AM
.... But it is a view voiced at the company’s senior levels, perhaps with an eye both on saving money and any scrutiny of the 70% tax relief the company will enjoy against the cost of decommissioning. “Around Brent Spar, the offshore disposal was acknowledged even by Greenpeace, albeit in small print after they had taken quite violent action against Shell assets, as the best environmental outcome,” said Simon Henry, the group’s outgoing chief financial officer. ...
Trump Organization handover plan slammed by ethics chief image
Source : BBC [Read Article] Thursday 12th of January 2017 04:57:49 AM
...."Every president in modern times has taken the strong medicine of divestiture," he said, referring to a process whereby Mr Trump would sell off his corporate assets and put the profits into a blind trust run by an independent trustee. At a news conference on Wednesday, lawyer Sherri Dillon said that management of the Trump Organization would be transferred to a trust controlled by Mr Trump's sons Don and Eric and chief financial officer Allen Weisselberg. ...
Trump hands over business empire to sons image
Source : BBC [Read Article] Wednesday 11th of January 2017 05:39:28 PM
....The organisation's director Walter Shaub said the office's primary recommendation was that Mr Trump "divest his conflicting assets". Speaking at Mr Trump's first news conference since he was elected in November, Ms Dillon explained that all of the Trump Organization's businesses would be transferred to a trust controlled by his sons and the chief financial officer, Allen Weisselberg, before Mr Trump takes power on 20 January. ...
Apple boss's salary and bonuses fall image
Source : BBC [Read Article] Friday 6th of January 2017 03:30:48 PM
.... . Each of the other named executives including chief financial officer Luca Maestri and Angela Ahrendts, senior vice president of retail received nearly $23m in salary, down from about $25m in 2015. ...
Sports Direct chairman Keith Hellawell rejected by shareholders again image
Source : Guardian [Read Article] Thursday 5th of January 2017 01:06:49 PM
....3% of Sports Direct, said it viewed the company as having made progress by implementing an independent review into working practices and appointing the investment banker David Brayshaw as a non-executive director. It also views the departures of the chief executive, Dave Forsey, and acting chief financial officer, Matt Pearson, as positive moves. ...
Sports Direct chair Keith Hellawell faces renewed pressure to resign image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 05:38:18 PM
....3% of the Sports Direct, said it viewed the company as having made progress by implementing an independent review into working practices and appointing the investment banker David Brayshaw as a new non-executive director. It also sees the departures of chief executive Dave Forsey and acting chief financial officer Matt Pearson as positive moves. ...
British bosses at their most optimistic in 18 months, Deloitte finds image
Source : Guardian [Read Article] Thursday 29th of December 2016 09:54:28 AM
....Optimism among Britain’s top business executives rebounded to an 18-month high at the end of 2016, but they say they are less willing to take risks in 2017 because of uncertainty surrounding Brexit. A Deloitte survey of chief financial officers (CFOs) at some of the UK’s biggest companies suggested that confidence had risen because of the unexpected resilience of the economy following the EU referendum in June. ...
UK firms' finance bosses say uncertainty is 'new normal' image
Source : BBC [Read Article] Thursday 29th of December 2016 12:10:57 AM
....However, two-thirds of them are still worried about the impact of Brexit. "Ahead of the referendum Brexit was seen by chief financial officers [CFOs] as the most significant risk facing their business," said the report by Deloitte. ...
Toshiba shares fall 20% as nuclear writedown sinks in image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:10:42 AM
....Tsunakawa answered in the affirmative when asked if Toshiba was considering boosting capital. Its chief financial officer, Masayoshi Hirata, said that after the figure was confirmed the company would “explain and seek support” from financial institutions. ...
Sky and 21st Century Fox agree £18.5bn takeover deal image
Source : BBC [Read Article] Thursday 15th of December 2016 01:31:38 PM
....Chase Carey, the former chief executive of Fox Television and the current co-chief operating officer of 21st Century Fox, is a non-executive director at Sky. While John Nallen, the chief financial officer of 21st Century Fox, is also a non-executive director at Sky. ...
Punch Taverns gets takeover bid from Heineken image
Source : BBC [Read Article] Wednesday 14th of December 2016 01:17:48 PM
....The other approach, of 185p a share, is from Alan McIntosh, a Punch co-founder. Mr McIntosh helped start Punch Taverns in 1997 and later led its stock market flotation, while working as its chief financial officer in 2002. ...
Sky investor demands transparency over Fox bid image
Source : BBC [Read Article] Wednesday 14th of December 2016 11:58:27 AM
.... . Another non-executive director at Sky, John Nallen, is also the chief financial officer of 21st Century Fox. ...
Sky bid puts independent directors under pressure image
Source : BBC [Read Article] Monday 12th of December 2016 08:32:21 AM
.... . Another non-executive director, John Nallen, is chief financial officer of 21st Century Fox. ...
Final salary pension schemes pivot to overseas stock markets image
Source : Guardian [Read Article] Thursday 8th of December 2016 07:46:12 PM
....3%. Andrew McKinnon, the PPF’s chief financial officer, said: “While scheme funding remained largely stable in the year to March, there have been large swings in funding since June. ...
'Tough' year for final salary pensions image
Source : BBC [Read Article] Thursday 8th of December 2016 12:33:03 PM
.... . "When we look back at what progress schemes have made over the last decade, it appears that many schemes are just treading water," said Andrew McKinnon, chief financial officer for the PPF. ...
Occupancy and revenues rise at Four Seasons Health Care image
Source : Guardian [Read Article] Tuesday 29th of November 2016 04:10:02 PM
.... Four Seasons said it had closed 20 homes in the past two years and sold many more, including 18 in the first nine months of this year. The company’s chief financial officer, Ben Taberner, dismissed warnings from credit rating agencies that the group’s financial position was unsustainable earlier this year as “scaremongering”. ...
From low-fare to no-fare: will air travel really become free? image
Source : Guardian [Read Article] Saturday 26th of November 2016 04:00:35 PM
....Elsewhere, the degree is different, but the principle holds. Nick Dunn, the chief financial officer of Gatwick airport, says: “Our overall charges reflect the money we make in retail and parking: inherently, there is already discount or cross-subsidy there for airlines. ...
eOne shares plunge as first-half profits tumble image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 02:44:01 PM
....”. The company also announced the departure of chief financial officer Giles Willits, who has been at the company almost a decade. ...
Manchester United face £20m Adidas Champions League blow image
Source : BBC [Read Article] Thursday 17th of November 2016 03:45:08 PM
....United are sixth in the Premier League, six points off the top four. "There is a clause in the Adidas contract that applies if we are missing from the Champions League for two years in a row," said United's chief financial officer Cliff Baty. ...
Asda sales slump puts chain at bottom of UK supermarket league image
Source : Guardian [Read Article] Thursday 17th of November 2016 01:13:32 PM
....6% less on average on each visit. Walmart’s chief financial officer, Brett Biggs, said: “The key priority remains driving an improved customer experience and building sales momentum by simplifying the offer, improving product availability and making strategic investments in service and price. ...
Asda sales tumble in third quarter image
Source : BBC [Read Article] Thursday 17th of November 2016 12:47:41 PM
.... . Walmart's chief financial officer Brett Biggs told Reuters that falling food prices continued to be "challenging" for the retailer. ...
Morgan Stanley bosses made $10m in surge after Trump election win image
Source : Guardian [Read Article] Tuesday 15th of November 2016 06:37:16 PM
....3m; and Eric Gross, the chief legal officer, made $475,000. Jonathan Pruzan, the bank’s chief financial officer, sold 44,625 of his share options on 8 November – before the result of the election – for $33. ...
Ex-Autonomy director accused by US prosecutors of elaborate financial fraud image
....Prosecutors have not named the individual concerned. However, in a case brought by HP against Lynch and Hussain in London’s high court last year, the employee is identified as Brent Hogenson, Autonomy’s chief financial officer in the US until his dismissal on 28 July 2010. ...
Autonomy's former finance chief charged with fraud over Hewlett-Packard deal image
Source : Guardian [Read Article] Saturday 12th of November 2016 01:54:00 AM
. The former chief financial officer of British software company Autonomy has been indicted in the US for allegedly defrauding investors and Hewlett-Packard about his firm’s performance before its sale in 2011. ...
Petrobras racks up massive losses due to write-offs image
Source : BBC [Read Article] Friday 11th of November 2016 02:37:48 AM
....Petrobras said that without having to cut the value of assets it could have made a profit. "The message we want to convey is that these impairments are non-recurring, and that we don't expect them to happen, not at least in this magnitude, in the coming future," said chief financial officer Ivan Monteiro. ...
VW emissions probe to investigate board chair Poetsch image
Source : BBC [Read Article] Sunday 6th of November 2016 12:08:48 PM
....Car giant Volkswagen says German prosecutors have expanded their probe of the emissions scandal to include the firm's chairman of the board. Hans Dieter Poetsch was chief financial officer when the scandal over cars rigged to cheat on US diesel emissions tests broke in September 2015. ...
Facebook warns advertising revenue growth will slow image
Source : BBC [Read Article] Wednesday 2nd of November 2016 08:36:10 PM
....Facebook has warned growth in advertising revenues will slow "meaningfully" in the next few months as it tries to avoid alienating users. The social media giant's chief financial officer David Wehner said there was a limit on the number of ads it could put on people's timelines. ...
Alibaba sets its sights on Singles Day image
Source : BBC [Read Article] Wednesday 2nd of November 2016 02:30:01 PM
...."By combining engaging online experiences with highly relevant content, we delivered impressive financial and operational results in the quarter," he said. Maggie Wu, chief financial officer, said Alibaba expected the two divisions, along with its "innovation initiatives" unit, to "drive long-term value for both our customers and shareholders". ...
Oil giant BP sees profits nearly halve image
Source : BBC [Read Article] Tuesday 1st of November 2016 08:22:32 AM
....2bn),. BP's chief financial officer Brian Gilvary said: "We continue to make good progress in adapting to the challenging price and margin environment. ...
Mobile and Youtube boost Google parent Alphabet profits image
Source : BBC [Read Article] Thursday 27th of October 2016 10:14:27 PM
....82bn in the third quarter, accounting for more of its revenues. "We had a great third quarter," Alphabet chief financial officer Ruth Porat said in the earnings release. ...
Tesla reports first quarterly profit for three years image
Source : BBC [Read Article] Wednesday 26th of October 2016 10:27:57 PM
....76% in after-hours trading. "The Tesla third quarter results reflect strong company-wide execution in many areas," said chief executive Elon Musk and chief financial officer Jason Wheeler in a statement. ...
Lower iPhone sales hit Laird profits image
Source : BBC [Read Article] Wednesday 19th of October 2016 12:31:04 PM
....Laird also supplies components for Samsung, which last week abandoned its top-of-the-range Galaxy Note 7 smartphone following a spate of battery fires less than two months after its launch. The problems mark a difficult start for Mr Quinlan, the former chief financial officer who took over as chief executive in early September after David Lockwood left to join Cobham. ...
Tesco and Unilever settle Marmite dispute image
Source : Guardian [Read Article] Thursday 13th of October 2016 06:36:08 PM
.... However, this attracted criticism as most of its products are made in the UK. Earlier on Thursday Graeme Pitkethly, Unilever’s chief financial officer, said price increases to offset rising costs were a normal part of doing business. ...
Tesco price row: Unilever CFO defends cost hike against Brexit backdrop image
Source : Guardian [Read Article] Thursday 13th of October 2016 07:44:47 AM
. Unilever’s chief financial officer has defended the company in its row with Tesco over price rises for household brands ranging from Marmite to Persil, describing the increases as “normal”. ...
Tesco removes Marmite and other Unilever brands in price row image
Source : BBC [Read Article] Thursday 13th of October 2016 04:53:48 AM
....Unilever is the UK's biggest food and grocery manufacturer, but many of its products are made outside the UK, so it argues it should be getting more pounds for its products. Graeme Pitkethly, Unilever's chief financial officer, said the price rises had "landed" with other customers, implying other retailers had accepted the higher prices. ...
Arcadia paid £2m to favoured BHS staff image
Source : BBC [Read Article] Monday 10th of October 2016 04:57:54 PM
.... . However, Panorama also understands that in 2007, Sir Philip even named his price - he would want half a billion pounds for BHS and his own chief financial officer attended a meeting at investment bank Goldman Sachs to discuss a possible deal. ...
Sports Direct hit by slide in pound image
Source : BBC [Read Article] Friday 7th of October 2016 02:31:31 PM
.... . Matt Pearson was appointed as interim chief financial officer on 2 June 2015. ...
You sent how much?! image
Source : BBC [Read Article] Thursday 29th of September 2016 11:04:27 PM
....Mattel eventually got its money back from China - where the company has significant business interests - but most companies usually have to take the hit after falling victim. Earlier this year, for example, Austrian aerospace parts maker FACC fired its president and chief financial officer after losing a thumping €42m (£36m) in a business email fraud. ...
Ex-BHS boss to lead women's fashion retailer LK Bennett image
Source : BBC [Read Article] Wednesday 14th of September 2016 07:14:31 AM
....". He will be joined by his finance guru from BHS, Michael Hitchcock, who has been appointed chief financial officer at LK Bennett. ...
Former AIG boss set to go on trial at 91-years-old image
Source : BBC [Read Article] Tuesday 13th of September 2016 05:31:05 PM
....Former AIG boss Hank Greenberg is to go on trial in New York this week over a decade after civil charges were filed. The 91-year-old, alongside the firm's former chief financial officer Howard Smith, is accused of engineering bogus transactions to hide the insurance giant's financial difficulties. ...
Morrisons and Amazon sign collection locker deal image
Source : BBC [Read Article] Sunday 11th of September 2016 01:50:10 PM
....Amazon customers receive a unique barcode, which they enter or scan to retrieve their product at the locker. Trevor Strain, chief financial officer of Morrisons, said he believed the option to pick items up "from one of our hundreds of conveniently located supermarkets will be attractive". ...
Three charged over Tesco accounts fraud image
Source : BBC [Read Article] Friday 9th of September 2016 11:37:30 AM
....The company was also being investigated by the UK's Financial Reporting Council (FRC), which polices accountants. The regulator has since closed its investigation into Laurie McIlwee, the former chief financial officer at Tesco. ...
Former Tesco directors charged with fraud over accounting scandal image
Source : Guardian [Read Article] Friday 9th of September 2016 11:35:32 AM
.... The company said it was aware of the SFO’s announcement but could not comment on “an ongoing investigation unrelated to TalkTalk”. It emerged last week that the Financial Reporting Council, the accountancy watchdog, had dropped an investigation into Laurie McIlwee, the former Tesco chief financial officer. ...

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