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1

Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt

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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

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Current price of oil as of May 29, 2026
LeadershipFortune 500 Power Moves

Fortune 500 Power Moves: Which executives gained and lost power this week, Aug. 2-8, 2025

Fortune Editors
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August 8, 2025, 11:35 AM ET
Brain D. Pieninck will become the next CEO of Guidewell Mutual Holdings (No. 136 on the Fortune 500) in October.
Brain D. Pieninck will become the next CEO of Guidewell Mutual Holdings (No. 136 on the Fortune 500) in October.Courtesy of Guidewell via PR Newswire

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 Aug. 2-8, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), COOs (Chief Operating Officers), and CTOs (Chief Technology Officers). We also include 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.

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).

Food, beverages, and tobacco

  • Post Holdings (No. 477) announced that Jeff A. Zadoks will retire as EVP and COO, effective Jan. 2, 2026. Zakoks held multiple roles during his 14-year tenure with the company, including CFO from 2014 until 2022, when he became COO. He will be succeeded by Nicolas Catoggio, who is currently and will remain President and CEO of Post Consumer Brands when he assumes the COO title. 

Health care

  • Guidewell Mutual Holding (No. 136) appointed Brian D. Pieninck as CEO, effective Oct. 1. Pieninck currently serves as President and CEO of CareFirst BlueCross BlueShield and Board Chair of the Blue Cross Blue Shield Association Board of Directors. He will succeed Pat Geraghty, who will retire after 14 years as CEO.

Household products

  • Kenvue (No. 281) appointed Michael Wondrasch as Chief Technology and Data Officer, effective Aug. 25. Wondrasch most recently served as EVP, CIO, and Enterprise Head of Shared Services for Avantor. He will succeed Bernardo Tavares, who has held the CTDO role since Kenvue spun off of Johnson & Johnson (No. 48) in May 2023.

Transportation

  • Expeditors Intl. of Washington (No. 400) appointed David A. Hackett as CFO, effective Oct. 1. Hackett currently serves as VP, Finance at the company and will succeed Bradley S. Powell, who will retire on Sept. 30 after 17 years in the role.

Source: S&P Global Market Intelligence

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