BofA, ConocoPhillips and Corpay: Top Finance News this Week
ConocoPhillips taps CFO Andy O’Brien as CEO, with Ryan Lance moving to Executive Chair and Konnie Haynes-Welsh promoted to CFO in a finance-led succession.
ConocoPhillips has confirmed that Chief Financial Officer and Executive Vice President, Strategy and Commercial, Andy O’Brien will take over from Ryan Lance as President and CEO.
On appointment, Andy will join the board of directors, while Ryan will become Executive Chair of the board after leaving the Chief Executive role.
In a linked change, Konnie Haynes-Welsh, currently Vice President, Finance and Controller, will assume the Senior Vice President and CFO position. All three moves take effect from 1 September 2026.
We are also pleased to appoint Andy as president and CEO. He brings a deep knowledge of our business, a strong track record of execution and has played a key role in making ConocoPhillips successful. We look forward to welcoming him to the board.”
ConocoPhillips is headquartered in Texas, in the Energy Corridor of the US. It is under the leadership of Ryan Lance, who has held the position of CEO and Chairman since 2012.
BofA Commits US$250bn for American Energy & Infrastructure
The Bank of America has announced that in honour of America’s 250th Anniversary, it will commit US$250bn to support core infrastructure and jobs in the US.
America’s number one lender of small businesses, according to the FDIC, has announced that it is introducing US$250bn in funding to be spread out over the course of 18 months in celebration of America’s 250th Anniversary.
The funding from Bank of America (BofA) is part of its new Critical Infrastructure Finance Initiative will be deployed through investment, advisory and financing solutions.
“We are proud of our long history supporting the American economy. As America marks its 250th year, this initiative reflects our confidence in the country’s future and the investments that will shape it,” notes Jim DeMare, Co-President, Bank of America.
“The infrastructure that powers our economy, strengthens our energy security and secures our technological leadership will drive growth, create jobs and define America’s next chapter.”
Its goal is to support US infrastructure development, boosting BofA’s mission of financing digital, energy and power.
PIMCO Provides US$174m to Ingenico for Innovation
Ingencio, a leader in payment acceptance that provides millions of payment devices to customers, has announced that it has received €150m (US$174m) in funding.
The funding is aimed at bolstering the company’s customer strategy, as Ingenico says it will use the funds to “raise the bar on customer excellence”.
In addition, the company says that the funds will also be directed toward product innovation to support its broader aims and reputation. Joanne Bennett, CFO of Ingencio, comments: “A proud moment for Ingenico today.
“We’ve reached an agreement to reset our capital structure, anchored by a €150m (US$174m) investment from a PIMCO-led group of global investors.”
Ingenico partners with givex, JeriPay and Lundi Matin Groupe. It is headquartered in Paris, France., and is active in 32 countries. Current CEO Floris de Kort took over the reigns in October 2025 from Laurent Blanchard. The payments company also partners with over 1,000 banks and acquirers, and employs 3,000 staff.
- Ingenico receives €150m (US$174m) in funding
- 84% of CFOs believe that their organisation has lacked speed in modernising, according to Corpay
- Corpay’s survey included responses from 300 CFOs
- Bank of America has promised US$250bn in funding, over the next 18 months
- Natixis CIB is supporting green financing in Mexico with Copenhagen Infrastructure Partners to the tune of US$510m
Piero Macari, VP of Product Corporate Payments at Corpay, explains that Corpay’s CFO research points to a demand for less spend management administration
Corpay conducted a survey on 300 CFOs to explore how organisations with a turnover above £20m (US$27.2m) manage spend, with the results pointing toward a familiar source.
It’s no secret that administrative tasks take up a huge amount of time. The research reinforces this, as 86% of respondents note that finance teams are spending six or more hours per person on supplier payment admin, expenses and invoices.
Transforming spend is no easy task; especially with finance chiefs facing pressure to strengthen areas of the business such as liquidity management and financial visibility, according to the report.
Corpay, who have partnered with names such Cirque de Soleil and Yamaha WorldSBK, surveyed CFOs on how they would improve their workflow if administration workload was cut by 25-50%. Corpay global S&P500 corporate payments company that aims to bring simplicity to payments through modern fintech. It aims to improve cash flow visibility, empowering customers to save time and ultimately spend less.
The range of sectors it provides solutions to covers automotive, construction, education, hospitality, government and manufacturing. It is based in Atlanta, Georgia in the US, and has been under CEO Ron Clarke for 26 years.
Natixis CIB, World Bank & Siemens: Financing a Green Future
It’s a sustainable future, if we let it be. Ahead of BizClik Media’s CXO Summit in October, Finance Chief takes a look at some of the recent sustainable financing happening across the globe.
Sustainability is a key and core value; not just for ESG compliance plans, but also for the good of the planet.
Natixis Corporate & Investment Banking, under the second largest banking group in France, Group BPCE, recently announced it was supporting funding a battery storage project in Mexico.
The bank stated that it supported Copenhagen Infrastructure Partners, acting as green loan coordinator for the project financing, which totalled US$510m.
Aiming to strengthen energy supply and reliability in the Yucatan Peninsula, the project has been designated as “strategic” by Mexico’s Ministry of Energy.
Nasir Khan, Head of Real Assets and Global Trade Americas at Natixis CIB says: “We are pleased to support Copenhagen Infrastructure Partners on this milestone transaction for one of the first projects designated as strategic by Mexico’s Ministry of Energy. La Esperanza will bring clean, affordable and reliable energy to the Yucatan Peninsula.”
Siemens UK&I operates under Brian Holliday, who was appointed to the position in May 2026.
The company, headquartered at Sir William Siemens House in Manchester, UK, employs a total of 12,000 people, and generated £4.6bn (US$6.2bn) in revenue in FY2025. The move to its Manchester HQ created 60 new jobs, contributing to the local economy after a move from Frimley in Surrey.
Siemens has partners that include Auto-Info, GORA and Polarion.
Executives
Andy O'Brien
CEO
James Murnieks
CFO of Great Britain and Ireland
Jim DeMare
Co-President
Joanne Bennett
Chief Financial Officer
Nasir Khan
Managing Director, Head of Real Assets and Global Trade
Piero Macari
VP Product, Go-To-Market & Solution Delivery - UK Corporate Payments
