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

Benjamin E. Meisenzahl  will become the next CFO of Sherwin-Williams (No. 191 on the Fortune 500), effective Jan. 1.
Benjamin E. Meisenzahl will become the next CFO of Sherwin-Williams (No. 191 on the Fortune 500), effective Jan. 1.
Courtesy of Sherman-Williams

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 Nov. 1-7, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers) and CFOs (Chief Financial Officers). We also include COOs (Chief Operating Officers), CTOs (Chief Technology Officers), Chief Information Officers (CIOs),  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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Aerospace and defense

Chemicals

  • Sherwin-Williams (No. 191) appointed Benjamin E. Meisenzahl as CFO, effective Jan. 1. Meisenzahl has been with the company for more than two decades and currently serves as SVP–Finance. He will succeed Allen J. Mistysyn, who will take a short-term advisory role before retiring after 35 years with Sherwin-Williams. 

Household products 

  • Kenvue (No. 281) appointed Kirk L. Perry as the company’s CEO on a permanent basis, effective immediately as of the Nov. 2 announcement. Perry was appointed interim CEO of the company in July following the firing of former CEO Thibaut Mongon. Prior to joining Kenvue, Perry served as CEO of Circana.
    Read more Kenvue news from this week: Tylenol to join Kleenex, Huggies and Listerine in $48.7 billion takeover deal between Kimberly-Clark and Kenvue
  • Mohawk Industries (No. 391) announced that CFO James F. Brunk will retire on April 1. Nicholas P. Manthey, who currently serves as the company’s VP of Corporate Finance and Investor Relations, will succeed Brunk. Brunk, who has been with Mohawk Industries since 2006, will assume a senior advisory role to help with the transition.

Retailing

  • CarMax (No. 151) appointed David McCreight as interim President and CEO, effective Dec. 1. McCreight currently serves as a member of the company’s board of directors and will succeed Bill Nash, whom Carmax has terminated. McCreight previously served as CEO of Lulus, President of Urban Outfitters, and CEO of Anthropologie.

Telecommunications

  • EchoStar (No. 273) appointed Charles W. Ergen as CEO, effective Nov. 6. Ergen served as CEO previously from 2007 to 2009 and currently serves as Chairman of the company. He succeeds Hamid Akhavan, who has transitioned to CEO of EchoStar Capital, a new division of the company.

Source: S&P Global Market Intelligence