Fortune 500 Power Moves: Which executives gained and lost power, Feb. 1–7, 2025

Below is a recap of the C-suite developments at America’s highest-revenue-generating companies announced between Feb. 1-7, 2025, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), COOs (Chief Operating Officers), and Chief People Officers. We also include CTOs (Chief Technology Officers), CIOs (Chief Information Officers), CHROs (Chief Human Resources Officers), CMOs (Chief Marketing Officers), and Chief Customer Officers when there are Power Moves within the Fortune 500 announced pertaining to those roles.

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Health care

• Baxter International (No. 270) announced that José Almeida retired as CEO, President, and Chair, effective immediately. Brent Shafer, Lead Independent Director at Baxter, has been appointed interim CEO as the company searches for a permanent successor.

Household products

• Estée Lauder (No. 259) appointed Michael Bowes to Executive Vice President, Chief People Officer, effective April 1. Bowes currently leads global talent acquisition at Estée Lauder and will replace current Executive Vice President and CHRO Michael O’Hare.

Motor vehicles and parts

• Ford Motor Company (No. 17) appointed Sherry House as CFO, effective Feb. 6. House previously served as Vice President of Finance at Ford and succeeded former CFO John Lawler. 

Technology

• Salesforce (No. 123)announced that Robin Washington will assume the newly created role of President and Chief Financial and Operating Officer, effective March 21. Washington is currently a member of Salesforce’s board of directors and succeeds current CFO Amy Weaver and COO Brian Millham. Read more: Salesforce announces its first COFO—a powerful new exec role that combines CFO and COO

Source: S&P Global Market Intelligence