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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
LeadershipFortune 500 Power Moves

Fortune 500 Power Moves: Which executives gained and lost power this week, July 12-18, 2025

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July 18, 2025, 11:30 AM ET
Kelly Dilts will become the next CFO of Nordstrom (No. 291 on the Fortune 500) on Aug. 29.
Kelly Dilts will become the next CFO of Nordstrom (No. 291 on the Fortune 500) on Aug. 29.Courtesy of Dollar General Corporation
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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. 

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Below is a recap of the C-suite developments at America’s highest-revenue-generating companies announced between July 12-18, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), CMOs (Chief Marketing Officers), and Chief Customer Officers. We also include COOs (Chief Operating Officers), CIOs (Chief Information Officers), CTOs (Chief Technology Officers), CHROs (Chief Human Resources Officers), and Chief People Officers when there are Power Moves within the Fortune 500 announced pertaining to those roles.

For daily updates, subscribe to Fortune’s weekday newsletters, including CEO Daily, CFO Daily, and MPW Daily, as well as Next to Lead (weekly Mondays), and CIO Intelligence (weekly Wednesdays).

Energy

  • Southern (No. 161) announced that Daniel S. Tucker will retire as EVP and CFO, effective Oct. 1, following nearly four years in the role and 27 years at the company. David P. Poroch, who currently serves as SVP, Comptroller, and Chief Accounting Officer, will succeed Tucker on July 31. Tucker will remain in an advisory role for August and September.

Financials

  • Equinix (446) appointed Shane Paladin as EVP and Chief Customer and Revenue Officer, effective July 14. Paladin most recently served as CEO of Siteimprove and succeeds Merrie Williamson, who left the company in February.

Health care

  • Henry Schein (No. 333) announced that Stanley M. Bergman will retire as CEO at the end of the year. Bergman’s departure comes after 45 years at the company and more than 35 years as CEO. The company’s board has initiated a search for a successor. 

Hotels, restaurants, and leisure

  • Marriott International (No. 171) announced that Leeny Oberg, the company’s CFO and EVP, Development will retire, effective March 31, 2026. Jen Mason, the company’s Global Officer, Treasurer and Risk Management, will become the company’s next EVP and CFO. Shawn Hill, the company’s Chief Development Officer for the APEC region, will become the company’s next Chief Development Officer.

Household products

  • Estée Lauder (No. 279) appointed Aude Gandon to the newly created role of Chief Digital and Marketing Officer, effective Aug. 1. Gandon formerly served as Global CMO at Nestlé (No. 96 on the 2024 Global 500).
  • Kenvue (No. 281) appointed Kirk L. Perry as interim CEO, effective July 14, following the sudden resignation of former CEO Thibaut Mongon. Perry most recently served as President and CEO of Circana. Kenvue’s board will begin the search for a permanent successor to Perry. Read more: Tylenol parent Kenvue has a new CEO, and he has lots of work to do to mollify activist investors

Retailing

  • Nordstrom (No. 291) appointed Kelly Dilts as CFO, effective Aug. 29. Dilts most recently served as CFO of Dollar General (No. 139) and succeeds former Nordstrom CFO Cathy Smith, who left the company in March to join Starbucks as CFO. Read more: Nordstrom hires Dollar General’s turnaround CFO behind stock surge

Source: S&P Global Market Intelligence

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