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. 8-14, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), and CTOs (Chief Technology Officers). We also include COOs (Chief Operating 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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Financial services and insurance
- Mutual of Omaha (No. 299) appointed Brody Merrill as CFO, effective Dec. 1. Merrill most recently served as CFO and Treasurer of American National Insurance Company and will succeed Rick Hrabchak, who is retiring.
Materials
- Ball (No. 349) appointed Ronald J. Lewis as CEO, effective Nov. 10. Lewis most recently served as the company’s Chief Supply Chain and Operations Officer and succeeded Daniel W. Fisher, who stepped down from the role. The company stated that Fisher’s departure from the CEO role is “not related to any disagreement with the company.” Ball also named Daniel J. Rabbit, who has been serving as interim CFO since May, as CFO on a permanent basis.
Media
- Walt Disney (No. 46) extended Hugh F. Johnston as Senior EVP and CFO of the company through Jan. 31, 2029. His contract was originally supposed to end Dec. 31, 2026.
Retailing
- Walmart (No. 1) announced that President and CEO Doug McMillon will retire on Jan. 31, 2026. John Furner, currently the President and CEO of Walmart U.S., will succeed McMillon. McMillon will serve as an advisor to Furner through fiscal year 2027, and the company plans to announce succession plans for Furner’s role by the end of fiscal year 2026.
Read more: Walmart CEO started his career unloading trailers at the warehouse—he says raising his hand led to his success
Technology
- Intel (No. 86) announced that SVP, Chief Technology and AI Officer Sachin Katti has left the company to join OpenAI and help build its compute infrastructure. Intel’s CEO Lip-Bu Tan will take over the company’s AI operations.
Source: S&P Global Market Intelligence
