Leadership
Delta Air Lines Senior Management Shake-up: Erik Snell Takes Over as CFO, Former CFO Moves to COO
Delta Air Lines issued a press release and securities filing on Thursday announcing a series of executive changes: Erik Snell will succeed Daniel C. Jenki as CFO, with the latter moving to COO; Peter Carter is promoted to President; and Ranjan Goswami becomes Chief Marketing and Product Officer. All changes take effect on April 1.
Corporate executives tend to reinvest tariff refunds in supply chains and R&D
According to the latest KPMG survey, in light of potential refunds arising from the U.S. Supreme Court's ruling that some tariffs are invalid, most corporate executives tend to reinvest funds in supply chain diversification, R&D, and capital expenditure, rather than shareholder returns or customer rebates. The survey also shows that only a few companies plan to completely eliminate price increases caused by tariffs.
Tariff Refunds: Court Issues Liquidation Order, Taking First Step in the Process
Senior Judge Richard Eaton of the U.S. Court of International Trade issued an order requiring Customs and Border Protection to liquidate or reliquidate unliquidated and non-final entries without regard to tariffs imposed under the International Emergency Economic Powers Act. This action is seen as the most significant progress in the refund process since the Supreme Court ruled the tariffs invalid.
GitLab's New CFO Drives Enhanced Transparency in Investor Communications
GitLab's new CFO, Jessica Ross, stated on Tuesday's first earnings call that the company is recalibrating its approach to investor guidance with a greater focus on transparency. She noted that despite a strong overall fiscal year 2026, the U.S. market has shown weakness, and some large customers have experienced deal delays. The company has incorporated these factors into its forward guidance.
SEC and PCAOB Accounting and Auditing Enforcement Actions Declined Significantly in 2025: Cornerstone Report
The latest reports from Cornerstone Research show that in 2025, the number of accounting and auditing enforcement actions initiated by the SEC fell from 31 in 2024 to 10, a decrease of 68%; the number of enforcement actions finalized by the PCAOB fell from 51 to 37, a decrease of 27%. The SEC's total monetary settlements plummeted from $907 million to $31 million, with 98% occurring in the final weeks of outgoing Chair Gary Gensler's tenure. The PCAOB's monetary penalties decreased by 50% year-over-year to $17.6 million.
West Virginia to Open New CPA Licensure Pathways in May
West Virginia has become the latest state to establish alternative pathways for CPA licensure. Governor Patrick Morrisey signed legislation on Monday, allowing candidates to obtain licenses without completing 150 college credit hours, which typically requires five years of higher education. The new rules take effect on May 24, offering three pathways that combine different educational backgrounds, work experience, and exam requirements. This move aims to alleviate the talent shortage in the accounting industry and respond to competitive pressures from reforms in neighboring states such as Ohio.
AI training investment becomes a key driver for improving return on investment
A survey commissioned by DataCamp and conducted by YouGov among more than 500 business leaders in the UK and the US reveals that data and AI skills enhancement is becoming a key driver of AI investment returns. Among organizations with mature related training programs, 42% report significant positive returns on AI investments, while the overall proportion is only slightly above one-fifth.
Asana CFO Sonalee Parekh Resigns After Less Than Two Years, Aziz Megji Takes Over
Asana announced on Monday that Aziz Megji, currently head of financial planning and analysis, will be promoted to Chief Financial Officer, succeeding Sonalee Parekh, who is departing. Parekh submitted her resignation on February 26 and is expected to remain until March 23. The company emphasized that her departure is unrelated to operations or accounting policies. Megji will receive an annual salary of $600,000 and a target bonus of 35%.
Six Strategies for CFOs to Address Data Challenges in AI Scaling
AI project failures often stem from inadequate data preparation rather than algorithmic issues. Runway CEO Siqi Chen points out that CFOs, with their comprehensive view of data touchpoints, should lead data governance. This article proposes six specific actions: mapping data usage, appointing data stewards, clarifying data definitions, prioritizing integration of key data, promoting cross-departmental data flow, and establishing continuous optimization mechanisms to ensure AI is built on a solid data foundation.
SEC Drops Fraud Charges Against Former CFO of View Inc.
The U.S. Securities and Exchange Commission (SEC) has dropped negligent fraud charges against Vidul Prakash, former Chief Financial Officer of View Inc. The case stemmed from a lawsuit filed in 2023, alleging that Prakash failed to adequately disclose a $28 million warranty liability. The court approved the joint motion to dismiss the case on Friday, and Prakash's attorneys stated that their client has been vindicated.