This is Fortune 500 Power Moves, a weekly column tracking executive shifts—from appointments and promotions to resignations and retirements—within the highest ranks of Fortune 500 companies.
Below is a recap of the C-suite developments at America’s highest-revenue-generating companies announced between Feb. 22-28, 2025, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), COOs (Chief Operating Officers), and CFOs (Chief Financial Officers). We also include CTOs (Chief Technology Officers), CIOs (Chief Information Officers), CHROs (Chief Human Resources Officers), Chief People 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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Business services
- PayPal Holdings (No. 145) announced that CFO Jamie Miller will become the company’s new Chief Operating and Financial Officer, effective Feb. 25, 2025. Read more: PayPal is the latest company to embrace trend of combining CFO and COO role
Energy
- Baker Hughes (No. 161) announced that Ahmed Moghal will succeed Nancy Buese as CFO, effective immediately. Moghal previously served as CFO of the company’s Industrial and Energy Technology business. Baker Hughes stated that Buese is leaving “by mutual agreement with the company.”
- Diamondback Energy (No. 449) announced that Kaes Van’t Hof will succeed CEO Travis D. Stice, effective as of the company’s 2025 annual meeting of shareholders. Van’t Hof currently serves as President and CFO of the company and will be replaced as CFO by Jere Thompson, the company’s Executive Vice President of Strategy and Corporate Development. Stice will remain as Executive Chairman.
Industrials
- Packaging Corp. of America (No. 471) announced that Kent A. Pflederer will succeed Executive Vice President and CFO Robert P. Mundy, who is stepping down from the role on May 1. Pflederer currently serves as the company’s General Counsel.
Source: S&P Global Market Intelligence
