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. 22-Dec. 5, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), COOs (Chief Operating Officers), and CTOs (Chief Technology Officers). We also include 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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Apparel
- Nike (No. 90) appointed Venkatesh Alagirisamy to the newly created role of EVP, COO, effective Dec. 8. Alagirisamy, who has been with the company for almost 20 years, currently serves as Chief Supply Chain Officer. The company also announced that EVP and CTO Muge Dogan is leaving the company as that role has been eliminated, and Alagirisamy will lead the Technology division in his new role.
Energy
- Constellation Energy (No. 418) announced that Shane Smith will be appointed EVP and CFO. Smith currently serves as SVP, Treasury and Credit and will succeed Dan Eggers, who is transitioning to Senior Executive Vice President, Finance and Data Economy. These changes are timed to Constellation’s acquisition of Calpine.
Financials
- Equinix (No. 446) announced that CFO Keith Taylor intends to retire in 2026. Taylor has been with the company for 27 years and will stay in the role until the company finds a successor.
Food, beverages, and tobacco
- Keurig Dr Pepper (No. 284) appointed Anthony DiSilvestro CFO, effective Nov. 25. DiSilvestro previously served as CFO of Mattel and Campbell’s (No. 425) and succeeds Sudhanshu Priyadarshi, who will stay with the company as a strategic advisor through April 7.
Manufacturing and production
- Nucor (No. 140) promoted Stephen D. Laxton to President and COO, effective Jan. 1. Laxton has been with the company for more than 20 years and currently serves as CFO and EVP at the company. Nucor will search for a new CFO.
Retailing
- Kohl’s (No. 261) appointed Michael Bender CEO on a permanent basis, effective Nov. 23. Bender has served as interim CEO of the company since May, when previous CEO Ashley Buchanan was fired after he was found to be steering the company toward a vendor with whom he had a conflict of interest. Before that, Bender served as Chairman of the company.
- ARKO (No. 488) appointed Galagher Jeff EVP and CFO, effective Dec. 1. Jeff most recently served as EVP, CFO at Murphy USA (No. 231) and succeeds Robb Giammatteo, who left the company in October to join MyEyeDr. as CFO.
Technology
- Dell Technologies (No. 44) appointed David Kennedy CFO on a permanent basis. Kennedy was appointed interim CFO in September after Yvonne McGill announced her retirement. Prior to that, Kennedy served as SVP, Global Business Operations, Finance for the company.
Source: S&P Global Market Intelligence
