Eastern Bank, a prominent financial institution based in Boston, has announced the appointment of David Rosato as its new Chief Financial Officer (CFO). This strategic move comes alongside the completion of Eastern Bank’s acquisition of Cambridge Trust, further solidifying its position as the largest retail bank based in Massachusetts with assets totaling $25 billion. Bob Rivers, Eastern Bank’s Executive Chairman, expressed his enthusiasm about Rosato joining the team. “We have a lot of respect for him,” Rivers stated. “He has extensive experience in the public company environment and in managing larger banks, which is crucial as we continue to grow…
Author: Your TechCFO
Long gone are the days when spreadsheets and personal intuition were the major tools for revenue forecasting. Firms in the latest emerging wisdom today’s business landscape contain an integration of innovative trends that will redefine companies in projecting future income. So, let’s repeal that old ‘crystal ball’ statute and get down to the fun business of modern forecasting! Remember lugging around those thick binders filled with all the financial information? Cloud-based forecasting tools changed the game. These user-friendly platforms not only hold your hand but also your data safely in the cloud. This facilitates real-time access with collaboration from any…
Jimmy Choo, renowned for its iconic luxury footwear brand, has appointed Simon Kemmett as its new Chief Financial Officer (CFO) . Kemmett joins Jimmy Choo from Ralph Lauren, bringing a wealth of experience in finance and operational leadership to the role. Kemmett’s most recent position was as Chief Operating Officer and CFO at Ralph Lauren EMEA (Europe, Middle East, and Africa), where he also served on the board of Richemont & Ralph Lauren Joint Venture Watches & Jewellery. Prior to Ralph Lauren, Kemmett spent over a decade at Nike, progressing from Finance Director for the UK & Ireland to CFO…
Have you ever wondered how businesses predict their future income? The answer lies in a crucial financial tool: revenue forecasting. What is Revenue Forecasting? Revenue forecasting is the process of predicting a company’s future income for a specific period. It utilizes historical sales data, market trends, and other relevant factors to create an educated guess about upcoming revenue. Think of it as a roadmap guiding your business towards financial goals. Why is Revenue Forecasting Important? Accurate revenue forecasts offer several benefits: Revenue Forecasting vs. Other Forecasting Terms: Revenue Forecasting & Data Analysis: Data analysis plays a crucial role in revenue…
Revenue and forecasting models are essential tools for businesses, enabling them to predict future revenue based on historical data, anticipated demand, and current trends. Imagine having the ability to predict your company’s financial future with accuracy, navigate market fluctuations, and make informed decisions that propel growth. Revenue forecasting isn’t just about crunching numbers; it’s a strategic approach that blends historical insights with market dynamics to paint a picture of what lies ahead. Our blog explores how revenue forecasting works and is essential for all the financial services, VPs, Managers, and people interested in the economic growth and revenue-generating sector. Also,…
ATLANTA, July 9, 2024 – UPS (NYSE: UPS) today announced the appointment of Brian Dykes as its new Executive Vice President and Chief Financial Officer. Effective immediately, Dykes will be responsible for UPS’s financial strategies and will lead the global finance organization, including planning, treasury, tax, financial reporting, financial operations, and investor relations. A Seasoned Leader Takes the Helm Brian Dykes, 46, brings over 25 years of extensive experience within UPS to his new role. Most recently, he has served as Senior Vice President of Global Finance and Planning since April 2023. Throughout his tenure, Dykes has held various positions…
Sailesh Munagala, the CFO of Vectra AI, will take advantage of his prior expertise in managing financial operations at Google, Palo Alto Networks, and Relativity to propel the company’s growth and innovation. Vectra AI, Inc., the leader in AI-driven XDR (extended detection and response), today announced the appointment of Sailesh Munagala as Chief Financial Officer (CFO). Munagala is a highly experienced finance executive who has managed finance operations for numerous large-scale, rapidly expanding technology companies. Munagala joins the executive team at a pivotal moment in time as Vectra AI works to protect businesses from new threat vectors brought about by…
Woodcliff Lake, NJ, June 28, 2024… BMW of North America has announced a change to its executive management team with the appointment of Andreas Kindler as the company’s next Executive Vice President and Chief Financial Officer, effective August 1, 2024. Kindler replaces Raymond Wittmann, who returns to BMW Group headquarters in Munich to lead the corporate strategy division. Under his new position, Kindler will oversee all financial operations for BMW of North America, including corporate strategy, procurement, risk management, treasury, taxes, and facility management. As a member of the BMW North America Executive Board, Kindler will have direct reporting lines…
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Chemours Company, which operates globally in the manufacturing of chemicals, especially performance chemicals, has employed Shane Hostetter as the CFO (Chief Financial Officer) starting July 1, 2024. In this position, Hostetter will be heading up the company’s Finance, Investor Relations, Corporate Development, Strategy, and Enterprise Risk Management departments. Hostetter has been associated with Quaker Chemical Corporation, a globally leading company specializing in industrial process fluids, a public company for the last 13 years where he worked as Senior Vice President and as CFO from April 2021. During his entire tenure at the Quaker Houghton company, Hostetter had several managerial positions…