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McDonald’s names new U.S. field president and reshuffles finance leadership
McDonald’s has announced a series of senior leadership changes, promoting Luis Quintiliano, currently managing director of McDonald’s Spain, to U.S. national field president. Quintiliano will oversee U.S. field operations and execution of the company’s “Accelerating the Arches” strategy, replacing Myra Doria, who will retire in June after helping establish the role in 2023. McDonald’s also…
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Finance leaders embrace AI, but few see clear returns yet
Finance teams are rapidly adopting artificial intelligence, but most are still struggling to demonstrate clear returns on their investments, according to Deloitte’s Finance Trends 2026 survey. While 63% of finance leaders say AI is fully deployed in their functions, only 21% report clear, measurable value so far, and just 14% have fully integrated AI agents…
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Global consultancies push limits to keep China business afloat
Global consulting firms are increasingly using complex workarounds to continue operating in China, as Western sanctions and Beijing’s tighter controls on foreign involvement squeeze opportunities. A Reuters investigation found that the China arms of firms including KPMG, Bain & Co and EY have pursued or undertaken work linked to sanctioned Russian entities or Chinese state-owned…
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U.S. manufacturing returns to growth as orders surge in January
U.S. factory activity expanded for the first time in a year in January, driven by a sharp rebound in new orders, according to data from the Institute for Supply Management. The manufacturing PMI rose to 52.6, its highest level since August 2022 and well above forecasts, signalling a return to growth after 10 months of…
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The CFO role shifts from scorekeeper to strategic systems architect
The role of the chief financial officer is evolving rapidly as private markets grow more complex, data-rich and investor expectations rise. Once centred on reporting and controls, finance leaders are increasingly expected to be forward-looking, investor-facing and strategic, providing real-time insights, forecasting and clarity from vast volumes of data. Advances in automation and AI are…
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Apple posts record iPhone sales but warns on rising component costs
Apple has reported first-quarter revenue of $143.76bn, driven by a 23% surge in iPhone sales to $85.3bn, fuelled by strong demand for the iPhone 17, particularly in China. The three months to December 27th saw Mac revenues total $8.39bn, iPads $8.6bn, wearables and accessories $11.49bn, and services hit $30.01bn. Net income came in at $42.1bn,…
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