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C-SuiteFortune 500 Power Moves

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

Fortune Editors
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Fortune Editors
Fortune Editors
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Fortune Editors
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Fortune Editors
Fortune Editors
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January 16, 2026, 11:05 AM ET
Frederick Lowery will become the next CEO of Henry Schein (No. 333 on the Fortune 500) on March 2, 2026.
Frederick Lowery will become the next CEO of Henry Schein (No. 333 on the Fortune 500) on March 2, 2026.Courtesy of Henry Schein

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. 

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Below is a recap of the C-suite developments at America’s highest-revenue-generating companies announced between Jan. 10–16, 2026 organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), COOs (Chief Operating Officers), and CMOs (Chief Marketing Officers). We also include CTOs (Chief Technology Officers), Chief Information Officers (CIOs), CHROs (Chief Human Resources Officers), Chief People Officers, and Chief Customer Officers when there are Power Moves within the Fortune 500 announced pertaining to those roles.

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Financials

  • Regions Financial (No. 433) announced that CFO David Turner will retire on March 31 after 20 years with the bank. Anil Chadha, who is currently Controller and Head of Corporate Finance and has been with Regions Financial since 2011, will succeed Turner.

Health care

  • Henry Schein (No. 333) appointed Frederick Lowery CEO, effective March 2. Lowery most recently served as EVP and President, Laboratory Products and BioProduction at Thermo Fisher Scientific (No. 104) and will succeed Stanley Bergman, who has served as CEO of the company for 35 years and will remain Chairman of the company’s board after stepping down.

Media

  • Walt Disney (No. 46) appointed Asad Ayaz to the new role of Chief Marketing and Brand Officer. Ayaz previously served as Chief Brand Officer at the company, as well as President of Marketing for Walt Disney Studios.
  • Paramount (No. 147) appointed Dennis Cinelli CFO. Cinelli most recently served as CFO of Scale AI and succeeded Andrew Warren, who had served as EVP and interim CFO since June 2025 and has transitioned to advisor to the company.

Technology

  • Thermo Fisher Scientific (No. 104) announced that EVP and COO Michel Lagarde will leave the company on March 31 to pursue a different opportunity. Gianluca Pettiti, EVP at the company, will succeed Lagarde as President and COO on March 1. 

Sources: S&P Global Market Intelligence

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