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What Block’s CFO and finance team want peers to know about Bitcoin

Good morning. There’s a growing trend among corporate treasuries to add bitcoin to their balance sheets as institutional acceptance and regulatory clarity increase. Since 2020, fintech Block (No. 179 on the Fortune 500) has held bitcoin as part of its corporate assets. Beyond its merchant services and lending tools through Square, and investing features for … Read more

Rivian’s CFO hints the end of EV tax credits means manufacturers are being forced to finally make more affordable electric cars

As the EV market enters choppy waters, legacy automakers are pulling back on electrification plans, delaying EV launches, and cutting production at EV plants. That’s not an option for pure-play EV makers like Rivian. Instead, the Irvine, California-based manufacturer has its sights set firmly on the launch next year of its second-generation product: a midsize … Read more

Luminar is cutting jobs, losing its CFO, and warning of a cash shortage

Lidar-maker Luminar is warning shareholders that it will run out of cash in early 2026 and has announced a 25% cut to its workforce to help staunch the bleeding — its second layoff of the year — according to a Friday regulatory filing. It’s not immediately clear how many workers will be affected. Luminar started … Read more

Adobe deepens Google Cloud partnership to advance AI and next-gen creativity, says CFO

Good morning. Adobe is doubling down on agentic AI to make creativity more conversational.  At its annual MAX user conference on Tuesday, Adobe (No. 201 on the Fortune 500) announced recent product innovations and how its partnership with Google Cloud will bring the tech company’s latest AI models directly into Adobe apps.  Adobe is expanding … Read more

UPS CFO on Amazon pullback and driving a growth strategy

Good morning. UPS continues to lean into a strategy positioning it for long-term growth—one that required shrinking its decades-long partnership with Amazon. The package-delivery giant (No. 47 on the Fortune 500) beat Wall Street expectations for the third quarter, reporting on Tuesday $21.4 billion in revenue and adjusted EPS of $1.74, both well above forecasts. … Read more

Intel CFO says CEO Lip-Bu Tan is big on balance sheet discipline as U.S. and Nvidia funding accelerate turnaround

Good morning. Intel, once the world’s leading chipmaker, has struggled in recent years to keep pace with the rise of artificial intelligence computing. Under new CEO Lip‑Bu Tan, and bolstered by government and private investment, the tech company is pursuing an ambitious turnaround. “We took meaningful steps this quarter to strengthen our balance sheet, including accelerated funding … Read more

The remaking of the CFO role is freeing execs up to focus on strategy and AI

A chief financial officer’s job is being redefined. There’s an expanded remit—not just ensuring fiscal discipline, but driving transformation, spurring growth, and cultivating talent for a digital future. The role of the CFO has been evolving for years, but it’s happening more rapidly today than ever before, said Gina Mastantuono, president and CFO of ServiceNow, … Read more

Plaid names Seun Sodipo CFO as it enters next phase of fintech growth

Good morning. Seun Sodipo is the new chief financial officer at Plaid, a fintech startup that connects financial institutions. Sodipo brings a seasoned background in guiding high-growth businesses through strategic transformation and scaling. Seun Sodipo, CFO of Plaid Courtesy of Plaid Previously, Sodipo served as CFO at Glossier, where she led the company’s evolution from … Read more

Exclusive: Ulta Beauty’s new CFO is a Johnson & Johnson veteran tasked to help lead the company’s next chapter

Good morning. Ulta Beauty, the largest specialty beauty retailer in the U.S., has a new finance chief. Following an external search, the company selected Christopher DelOrefice, who will begin his tenure on Dec. 5; Chris Lialios will continue to serve as interim CFO until then. DelOrefice succeeds former CFO Paula Oyibo, who left the company … Read more

Exclusive: $1 billion canned water brand Liquid Death names new CFO as it gears up for expansion

Good morning. Liquid Death has tapped Ricky Khetarpaul, a PepsiCo alum, as finance chief of the popular L.A.-based water startup that’s expanded into other beverages. “It’s a truly healthy beverage platform with a proven track record as an innovator across categories,” Khetarpaul told me. “I’ve been a big fan of Liquid Death.” Founded in 2017 … Read more

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