This is Fortune 500 Power Moves, a 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 Sept. 13–26, 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), Chief Information Officers (CIOs), 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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Energy
- PG&E (No. 176) appointed Alejandro “Alex” Vallejo as EVP, Chief People Officer, effective Sept. 30. Vallejo currently serves as Chief Risk Officer and SVP, Ethics and Compliance. He succeeds Kaled Awada, who is leaving the company to pursue other opportunities.
Food, beverages, and tobacco
- Molson Coors Beverages (No. 366) appointed Rahul Goyal as CEO, effective Oct. 1. Goyal, who has been with the company for 24 years, currently serves as the company’s Chief Strategy Officer. He will succeed Gavin Hattersley, who is retiring.
Hotels, restaurants, and leisure
- MGM Resorts International (No. 240) appointed Ayesha Molino as COO, effective Jan. 1, 2026. Molino currently serves as President and COO of the company’s Aria and Vdara brands as well as its Chief Public Affairs Officer. She will succeed current COO Corey Sanders, who is retiring after more than 30 years with the company.
Technology
- Oracle (No. 87) promoted Clay Magouyrk and Mike Sicilia to co-CEOs, effective Sept. 22. Magouyrk previously served as President of Oracle Cloud Infrastructure, and Sicilia previously served as President of Oracle Industries. They succeeded Safra Catz, who transitioned to Executive Vice Chair of the company’s board of directors. Read more: Oracle is embarking on a unique succession experiment: A company worth $870 billion run by 4 leaders
- KBR (No. 480) appointed Shad E. Evans as CFO, effective Jan. 5, 2026. Evans previously served as Senior Vice President of Financial Operations at the company and succeeds Mark W. Sopp, who is transitioning to a new role leading the company’s spin-off of its Mission Technology Solutions department.
Source: S&P Global Market Intelligence
