Fortune 500 Power Moves: Which executives gained and lost power this week

Michael Cavanagh will become co-CEO of Comcast (No. 35 on the Fortune 500) in January.
Michael Cavanagh will become co-CEO of Comcast (No. 35 on the Fortune 500) in January.
Courtesy of Comcast

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. 27-Oct. 3, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), COOs (Chief Operating Officers), and Chief Information Officers (CIOs). We also include CTOs (Chief Technology 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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Energy

  • Occidental Petroleum (No. 159) promoted Richard Jackson to SVP and COO. Jackson has served as SVP and President, U.S. Onshore Resources and Carbon Management, Operations at the company since 2020.

Financials

  • Allstate (No. 66) appointed Mario Rizzo as COO. Rizzo formerly served as President, Property-Liability at the company. Jess Marten, the company’s current CFO, will transition to President, Property-Liability. John Dugenske, currently President, Investments and Corporate Strategy, will now also assume the role of interim CFO.

Telecommunications

Transportation

Source: S&P Global Market Intelligence

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