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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
C-SuiteFortune 500 Power Moves

Fortune 500 Power Moves: Which executives gained and lost power, July 18–31, 2026

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July 31, 2026, 11:30 AM ET
Hormel Foods (No. 363 on the Fortune 500) appointed John Ghingo President and CEO, effective Oct. 26.
Hormel Foods (No. 363 on the Fortune 500) appointed John Ghingo President and CEO, effective Oct. 26.Courtesy of Hormel Foods.
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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 July 18–31, 2026, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), and CMOs (Chief Marketing Officers). We also include COOs (Chief Operating Officers), CIOs (Chief Information Officers), CTOs (Chief Technology Officers), 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.

For daily updates, subscribe to Fortune’s weekday newsletters, including CEO Daily, CFO Daily, and MPW Daily, as well as Next to Lead (weekly Mondays), and CIO Intelligence (weekly Wednesdays).

Apparel

  • VF (No. 425) appointed Abhishek Dalmia CFO, effective Aug. 1 He will retain his role as COO and succeeds Paul Vogel, who will move into an advisory role to support the transition. Dalmia previously held roles at BCG, Lululemon athletica (No. 391), Dell Technologies (No. 41), and Citigroup (No. 24).

Food, beverages, and tobacco

  • Hormel Foods (No. 363) appointed John Ghingo President and CEO, effective Oct. 26, succeeding interim CEO Jeff Ettinger, who served as CEO of the company from 2006 to 2016 and returned to the role in July 2025 after former CEO Jim Snee retired. Ghingo has served as Hormel’s President since July 2025 and previously held leadership roles at other food and beverage brands including Mondelēz International (No. 122).

Household

  • Masco (No. 498) appointed Brad Hiranaga to the newly created role of CMO. Hiranaga joins from Marriott International (No. 174), where he served as SVP, Global Brand, Experience & Design. He previously served as Chief Brand Officer of Cotopaxi and CMO of General Mills (No. 227).

Materials

  • Owens Corning (No. 385) appointed Jonathan Collins CFO, effective Aug. 10, succeeding Todd Fister, who will become President and COO. Collins joins from Clarivate, where he had served as CFO since 2021. He was also previously CFO of Dana (No. 420).

Source: S&P Global Market Intelligence

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