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In collaboration with AlixPartners, the CFO Leadership Council today announced that Caterpillar's Chief Financial Officer Andrew Bonfield has been appointed by his peer CFO in 2025 CFO of THE. Bonfield was selected by an independent committee consisting of leading CFOs for his work that transforms the world's top manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Under Bonfield's leadership, Caterpillar embedding a robust decision process and criteria, using more detailed information to make better decisions based on what is needed to win in the market. The efforts have led to…
“I've seen a huge change in finance and IT. Previously, I felt more transactions. I was in charge of finance, focusing on systems and support, budget and forecasting,” says Kathryn Eskandarian, Visual Lease CFO. Now she touches on almost every part of the business, and it has something to do with finance and what it is much more collaborative and strategic. Eskandarian oversees it on Lease Management's online platform (acquired by Costar Group in 2024), but she emphasizes it's more of a partnership. In an interview with author Katie Kuehner-Hebert, Eskandarian discusses that he has an open and transparent dialogue…
As businesses are considering responding to Trump's tariffs, including adjustments to prices and supply chains, antitrust enforcers are scrutinizing antitrust acts and raising concerns that certain strategies may violate antitrust laws, including joint action in violation of Section 1 of the Antitrust Act, and violating antitrust laws in violation of Section 2 of the Sherman Act. Robinson Patman method. This article provides a framework to address these competitive concerns and continue to comply while building contracts to manage tariff-driven volatility.Why antitrust compliance is importantAntimonopoly laws are fundamental to maintaining competitive markets across the US economy. These laws, primarily enacted by…
Workplace culture is more important and perhaps more vulnerable than ever before. A positive and attractive work environment, destructive forces like political division, the emergence of AI, market rotation, and macroeconomic disruption can all seed fear and incongruence and penetrate the workplace in an insidious way. Again and again, a powerful and adaptable culture in such an era serves as a superpower, bringing together team members to fight against negativity, moving forward, and becoming stronger than ever. But understanding, overseeing and managing management to build and maintain a strong corporate culture is challenging for the board. This agreed with participants…
From biotech hubs in Massachusetts and North Carolina to advanced manufacturing gains in Georgia and New Jersey, states across the Eastern U.S. are leveraging their strengths to attract investment, create jobs and drive innovation. 2. FLORIDA* Topping the Ranks in Central Florida Central Florida continues to top many economic rankings. The Orlando Economic Partnership notes that in 2024, Orlando surpassed $200 billion in real GDP and led the nation in job growth among large metro areas, adding 37,500 new jobs, an increase of 2.5 percent. Nearby Tampa is also a growing center for clean tech and logistics. NXTPoint Logistics announced…
The following column is by Siqi Chen, CEO of Runway Financial. The opinions belong to the author. In the first half of 2025, businesses eliminated thousands of roles. Most of the statements sounded the same: streamlining operations, reshaping cost structures, leaning towards AI. It was difficult to discuss logic. The numbers have been checked out. And from afar, many of the roles that have disappeared may seem redundant. Funding was one of them. But the thing about finance is that it's always looks It can be automated from outside. Assume that you will see data, models, and repeatable workflows and…
For many of us who are trying to navigate the uncertainty of President Trump's tariff regime, the past few months have felt like Snap-on CEO Nick Pinchuk is riding Disney's Space Mountain, as he will remember this spring. You are in the darkness and are twitching at 100 mph. You feel a little nauseated and wonder when your ride will end. You believe that things are ok in the end – oh god! – But you'll do anything to end with the Caribbean Pirates. So, do what you can to control what you can control and reach for two primary…
Midmarket CFOs are pulled in so many directions, so the question of what to spend time on is often affecting. Dustin Williamson, fractional CFO and managing director of VCFOs, says that a mantra suitable for such a CFO is “delegating or deferring it if the action does not promote value.” When an owner or investor exit is looming, value creation may be the best of the mind, but otherwise more pressing concerns can blur it. Revenue is important, but the most powerful value creation may come from revealing hidden opportunities. Williamson has led many middle market companies through this terrain.…
While Nvidia’s research teams were making major, albeit quiet, moves designing processors that would be uniquely powerful for the needs of AI and deep learning, there was a new company out there looking for just that. OpenAI was founded in 2015 with the goal of advancing AI in a way that benefits humanity, and they quickly realized that the computational demands for training large AI models were immense. OpenAI, from the outset, needed highly scalable computational power to achieve its ambitious goals, and Nvidia’s GPUs were the natural choice—few alternatives could match Nvidia’s hardware capabilities for AI training. OpenAI’s AI…
In 2001, Pranav Dalal made a week of trip to India that would change his life. He landed in Mumbai, rented an office, hired five employees, and launched an office beacon before his flight to Los Angeles. Twenty-three years later, the voluntary startup has become a global staffing powerhouse of 5,500 people run in four countries. What makes Dalal's story even more remarkable? He built it completely without outside investors, maintaining only ownership, and his company quietly became one of the largest offshore staff in the world. The Redondo Beach-based CEO was unfamiliar with ambitious ventures. He previously helped incorporate…