Whether the fast-spreading coronavirus, which has now infected more than 17,000 people and killed at least 361, adversely impacts Tesla’s supply chain and production capabilities. With the company having just built a new gigafactory in Shanghai—its first in China, Tesla’s chief financial officer said during the earnings call last week that the virus could negatively impact upcoming first-quarter results for 2020.
Snap gave stronger than expected revenue guidance for Q1 2020 of $450 million to $470 million, and 224 million to 225 million users. The company’s CFO Derek Anderson says that “Q4 marked our first quarter of Adjusted EBITDA profitability at $42 million for the quarter, an improvement of $93 million over the prior year.” Still, he predicts an Adjusted EBITDA in Q1 of negative $90 million to negative $70 million. That’s manageable for Snap without raising more money, since it now has $2.1 billion in cash and marketable securities, down $148 million quarter-after-quarter.
Drummond boasts an impressive CV. A former top-ranking banking analyst, he rose up through the ranks to run two significant financial operations in this country — Goldman Sachs JB Were and Bank of America Merrill Lynch. In July 2013, he was appointed chief financial officer of National Australia Bank, a position he held for close to three years before he left to become Medibank chief executive.
Aiming to get a handle on its rising scale and size, Google has brought on professional managers like Ruth Porat, its chief financial officer, who joined from Wall Street in 2015. It also increasingly paid attention to curbing costs and monitoring the financial viability of its so-called moonshot projects, like self-driving cars or hot-air balloons that provide internet connectivity.
Prior to this she held roles as Managing Director of our Retail and Business Banking business and as Chief Financial Officer.
Antonia is CEO of ANZ New Zealand. Prior to this she held roles as Managing Director of our Retail and Business Banking business and as Chief Financial Officer. In her most recent role as MD Retail and Business Banking, Antonia was responsible for our network of retail branches, contact centres and banking specialists who take care of over two million consumer and small business customers. Antonia joined ANZ from Morgan Stanley, where she was General Manager of their business services and technology centre in Budapest and had various Finance roles in Sydney and London. She started her career at KPMG.
Kirkhorn, 34, will become chief financial officer of the electric-car maker after a few months more grooming by his predecessor, Deepak Ahuja. Chief Executive Officer Elon Musk revealed the shakeup in the closing minutes of Tesla’s earnings called Wednesday, and the surprise announcement sent the shares tumbling as much as 5.9 percent.