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 March 22-28, 2025, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), COOs (Chief Operating Officers), and CTOs (Chief Technology Officers). We also include CFOs (Chief Financial Officers), CIOs (Chief Information Officers), CMOs (Chief Marketing Officers), CHROs (Chief Human Resources Officers), Chief People Officers, and Chief Customer Officers when there are Power Moves within the Fortune 500 announced pertaining to those roles.
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Energy
- Entergy (No. 339) announced that Executive Vice President and COO Pete Norgeot is retiring, effective May 1. Kimberly Cook-Nelson, currently EVP and Chief Nuclear Officer at the company, will succeed Norgeot.
Financials
- Freddie Mac (No. 36) appointed Michael T. Hutchins to President and interim CEO, effective March 20. Hutchins previously served as President, and he also served as interim CEO of the company from March 2024 to September 2024. Hutchins replaces former CEO Diana Reid, who was fired by the Trump Administration.
- As Fortune reported in December, Prudential Financial (No. 81) named Andrew Sullivan CEO, effective March 31, 2025. Sullivan previously served as EVP and head of International Business and Global Investment Management at Prudential. In addition, Vicki Walia, who currently serves as the head of HR for the company’s U.S. businesses and global asset management business, will assume the role of Chief People Officer on Monday. She will replace Lucien Alziari, who is retiring.
Media
- News Corp (No. 398) announced that CTO David Kline is resigning from the company on June 30 to accept another role. The company will begin looking for a successor.
Source: S&P Global Market Intelligence
Correction, March 31, 2025: A previous version of this column misstated the new role of Michael T. Hutchins as CEO of Freddie Mac. He was appointed interim CEO.
