Crypto · Fortune Technology
McSherry joined Indeed in 2012 as director of financial planning and analysis
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Michael Rogers was appointed CFO and treasurer of Universal Logistics Holdings, Inc. (Nasdaq: ULH), effective June 1.
Key facts
- I hate working 5 days’: Zoom CEO says traditional work schedules are becoming obsolete—and predicts a 3-day workweek by 2031 " — Preston Fore
- Andrew Bonfield, CFO of Caterpillar Inc. ( No. 64 ), has decided to retire effective Oct. 1, following eight years with the company
- Every Friday morning, the weekly Fortune 500 Power Moves column tracks Fortune 500 company C-suite shifts— see the most recent edition
- Hilary Maxson was appointed CFO at Oracle ( No. 87 ) effective April 6
Summary
Under mounting pressure from nearly every direction, many chief executives now view their closest strategic partner as a potential threat to their job security. That’s one of the key findings of the inaugural BCG CEO Insomnia Index, based on a survey of roughly 500 chief executives at companies with revenues ranging from $100 million to more than $5 billion, and five years of CEO turnover data from the S&P 1200. More than a quarter of CEOs surveyed said their chief financial officer poses the greatest threat to their job security, ahead of every other C-suite role, followed by the COO. If the CFO gets it wrong, the CEO pays the price, according to Jody Foldesy, global chief operating officer of corporate finance and strategy at Boston Consulting Group (BCG). That shift reflects how the CFO role itself is evolving.