Why CFOs—not chief AI officers—are the secret to getting real value from AI [Fortune]
The Middleby Corporation (MIDD)
Last the middleby corporation earnings: 2/26 07:00 am
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Source: Fortune
But when CFOs oversee AI projects and are responsible for scoring outcomes, companies tend to extract more value, he said. Recommended Video Srinivasan, an AI strategy expert, co-authored the study, “ Economic Maturity for Artificial Intelligence ,” with Thomas H. Davenport, a Babson College professor, MIT fellow, and co-founder of the Return on AI Institute. The findings are based on a survey of 1,006 C-suite executives across 11 countries and 32 industries, plus interviews with technology, data and AI leaders. Only 2% of respondents said CFOs are charged with achieving value from AI. However, when CFOs are responsible, 76% achieved a great deal of value, substantially higher than for other roles. It's not that CFOs necessarily know more about AI than a chief AI officer or other C-suite leaders, Srinivasan said. Finance chiefs can develop the methodology and scale it enterprise-wide. “When finance gets involved, it brings institutional credibility behind numbers,” he said. In
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MIDD
News
- CFOs believe AI is paying off. Researchers aren't so sure—yet [Fortune]Fortune
- Middleby Appoints Brittany Cerwin as Chief Financial OfficerBusiness Wire
- MIDD's $3.3B Restructuring: A Leaner Company Chasing a Higher Stock Price [Yahoo! Finance]Yahoo! Finance
- Garden Investment Adds to Large Stake in Middleby Ahead of Spin-Off [Yahoo! Finance]Yahoo! Finance
- Middleby Appoints Glenn Eisenberg To Board of DirectorsBusiness Wire
MIDD
Earnings
- 2/26/26 - Beat
MIDD
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/25/26 - Form 8-K
- 3/16/26 - Form 4
- MIDD's page on the SEC website