Leadership
Chuck E. Cheese parent company CFO promoted to CEO
CEC Entertainment (parent company of Chuck E. Cheese and Peter Piper Pizza) announced that current Chief Financial Officer Scott Drake will be promoted to President and CEO on February 13, succeeding David McKillips, who has led the company since 2020. Drake will be responsible for driving brand expansion, international growth, and diversified revenue.
Uber appoints insider as CFO, advancing autonomous taxi strategy
Uber announced on Wednesday alongside its Q4 earnings that Balaji Krishnamurthy, Vice President of Strategic Finance, will take over as CFO on February 16. Current CFO Prashanth Mahendra-Rajah will step down and serve as a senior financial advisor until July 1. Analysts believe that the internal promotion helps stabilize the finance function, and Krishnamurthy's long-term involvement in autonomous driving may align with the company's expansion strategy.
Better Home Appoints Zeta and IBM Veteran Loveen Advani as Chief Financial Officer
Online lender Better Home & Finance Holding Company announced that Loveen Advani, who previously worked at Zeta Global, Aetna, and IBM, officially assumed the role of CFO on Monday, succeeding Kevin Ryan, who had departed.
Fixing the Weakest Link in Digital Transformation: Poor Data Quality
In the race of digital credit risk assessment, many enterprises fail due to neglecting the data foundation. Dun & Bradstreet's latest report shows a 2.3% decline in global financial confidence. This article proposes a data-first credit risk management path, emphasizing the importance of data cleansing, standardization, automation, and personnel training.
KPMG Report: US Companies Lead Global Peers in Emerging Technology Investment
A recent report released by KPMG points out that US companies invest more heavily in emerging technology fields such as artificial intelligence than their global peers, with average annual spending of $190 million, higher than the global average of $174 million; their average financial return over the past 12 months was $293 million, higher than the global average of $265 million. Despite leading in investment and returns, US companies still face challenges in technology maturity, with only 10% believing their technology deployment is "fully scaled and continuously evolving," down from 25% last year. Cost concerns and technical debt are the main constraints.
Cash deposit safety remains CFOs' top concern, survey shows
According to a survey of 265 CFOs by Ampersand, bank deposit safety remains the top concern for financial executives, with 74% ranking it among their top three priorities. Despite regional bank failures over the past three years raising risk awareness, many companies still hold deposits exceeding FDIC insurance limits, and if their primary bank fails, the average operational runway is less than three months.
Universal withdraws CFO offer to former ADM executive
A securities filing by Universal on January 28 shows that the company has withdrawn its CFO position offer to former ADM executive Anubhav Mittal. The decision came about a week after Mittal's appointment was announced and one day after the SEC filed a lawsuit against ADM's former finance chief, Vikram Luthar. Mittal was not named as a defendant in the lawsuit. Universal did not state a reason for the withdrawal but said current CFO Johan Kroner will remain in his role until a successor is identified.
Study Finds: Increasing Paid Leave to More Than 6 Days Significantly Reduces Employee Turnover
A longitudinal study published in the Journal of Strategic Management analyzed 18 years of data and found that the number of paid leave days is positively correlated with employee retention rates. PTO of 6-10 days significantly reduces turnover among men, while more than 11 days is effective for both genders. The study also notes that the United States is the only high-income OECD country that does not mandate PTO or paid parental leave, with some states offering as few as 5 days minimum, and researchers suggest that policymakers should consider leave as a retention strategy.
SEC Appoints New PCAOB Chair and Board Members
The U.S. Securities and Exchange Commission (SEC) announced on Friday the appointment of retired Ernst & Young partner Demetrios (Jim) Logothetis as Chair of the Public Company Accounting Oversight Board (PCAOB), along with three new board members. Logothetis will succeed George Botic, who has served as Acting Chair since July, with a term extending to October 30, 2030. SEC Chair Paul Atkins expressed confidence that the new board will usher in a new era of "sensible and efficient" audit oversight at the PCAOB.
Royal Caribbean CFO: $5 Billion Capital Expenditure Supports Expansion Strategy
Royal Caribbean Group, alongside its release of fourth-quarter and full-year 2026 results, announced several long-term expansion commitments, including the construction of two Discovery-class cruise ships (with options for four) at Chantiers de l'Atlantique in France, and plans by its Celebrity River Cruises to expand its fleet from 10 to 20 ships by 2031. In an interview, Chief Financial Officer Naftali Holtz emphasized that capital allocation is a core focus for the coming years, with the company's 2026 capital expenditure expected to be approximately $5 billion, of which about $1.8 billion is related to non-new-ship spending. In 2025, the company generated $6.5 billion in operating cash flow, returned $2 billion to shareholders, and ended the year with $7.2 billion in liquidity. Holtz also noted that since 2019, the number of millennial and younger guests has nearly doubled, with 2025 total revenue reaching $17.3 billion, net income of $4.3 billion, and EBITDA close to $8 billion. The company is leveraging AI technology to optimize personalized booking of onboard experiences to enhance customer satisfaction and revenue.