CFOs Are Relying on Banks to Keep Short-Term Cash Safe

Joseph B. Hash

Right before the stress arising from the COVID-19 pandemic had thoroughly established in, the Association for Monetary Industry experts conducted its yearly corporate liquidity study. The success from the poll of 375 treasury and finance executives in March confirmed that “financial pros could see the gathering storm,” said AFP President Jim Kaitz.

About fifty one% of respondents uncovered that they had amplified their small-time period investments in products and solutions available by banking institutions in comparison with twelve months back. That was the best share of finance executives who had preferred to stash a lot more cash in a financial

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CFOs On the Move: Week Ending July 2

Joseph B. Hash

Naveen Chopra

Naveen Chopra will turn out to be the new main financial officer at ViacomCBS on August 10. Chopra will join the company from Amazon, in which he is CFO of Amazon’s products and providers organization. Earlier, Chopra was main financial officer at audio streaming company Pandora, in which he led a turnaround of the company and served, for a period, as interim main govt officer. Just before that, he held quite a few senior positions at TiVo, which includes four a long time as main financial officer and a period as interim main govt officer. Chopra succeeds Christina

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CFOs On the Move: Week Ending June 12

Joseph B. Hash

Marco Wirén will grow to be finance chief at Nokia on September one. Wirén is now president of Wärtsilä Electricity and govt vice president of Wärtsilä Team. Wirén has held many senior economical roles, such as CFO roles at Wärtsilä Team, SSAB Team, and Eltel Networks. He also now serves as vice board chair at renewable electricity answers enterprise Neste. Wirén can take more than for Kristian Pullola, who has been CFO due to the fact 2017. Pullola will remain with the enterprise until eventually all over the stop of the 12 months to make sure a easy transition.

Carrie

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CFOs On the Move: Week Ending May 22

Joseph B. Hash

Brian DelGhiaccio

Brian DelGhiaccio was promoted to finance chief at squander collection company Republic Solutions, helpful June 1. DelGhiaccio, who is at present government vice president and chief transformation officer, joined Republic Solutions in 1998 and has since held roles of escalating accountability across the finance corporation. He also leads the details technological innovation, cybersecurity, and knowledge administration departments. DelGhiaccio succeeds Charles Serianni, who will retire on June 1, 2021. Serianni will keep on as a particular advisor to the CEO right up until his retirement.

Felicia Williams will come to be Macy’s interim chief financial officer right up

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