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.
- New York Life Insurance (No. 69) appointed Deepa Soni as EVP and CIO. She formerly served as Chief Information and Operations Officer at the Hartford Insurance Group (No. 162).
Telecommunications
- Comcast (No. 35) appointed Michael Cavanagh as co-CEO alongside Brian Roberts, effective January 2026. Cavanagh currently serves as President of the company. Read more: The new bro-co‑CEO club—and why women are left out
Transportation
- CSX (No. 301) appointed SteveAngel as President and CEO. Angel previously served as CEO of Linde before transitioning to Chair of the company in 2022. He succeeds Joe Hinrichs, who was ousted from the role following pressure from activist investors.
Source: S&P Global Market Intelligence
