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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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October 30, 2026, 12:45 PM ET
HF Sinclair (No. 171) appointed Steve Ledbetter CEO, effective Jan. 1, 2027.
HF Sinclair (No. 171) appointed Steve Ledbetter CEO, effective Jan. 1, 2027.Courtesy of HF Sinclair
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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 Oct. 24-30, 2026, 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), CIOs (Chief Information Officers), 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.

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).

Energy

  • HF Sinclair (No. 171) appointed Steve Ledbetter CEO, effective Jan. 1, 2027. Ledbetter has served as the company’s President and COO since July and previously held roles at Shell (No. 22 on the Global 500). He will succeed Franklin Myers, who will remain an Officer and Executive Chair until the completion of the company’s planned separation of its Lubricants and Specialties segment.

Transportation

  • FedEx (No. 50) appointed Jamere Jackson CFO, effective Nov. 30. Jackson currently serves as CFO of AutoZone (No. 229) and previously was CFO of Hertz Global Holdings (No. 465). He will succeed Claude F. Russ, who has served as interim CFO since June 1.

Wholesalers

  • LKQ (No. 325) appointed Salvatore A. “Sal” Abbate CEO, effective Dec. 15. Abbate previously served as CEO of Veritiv. He will succeed Justin Jude, who left the company on Oct. 23. Until Dec. 15, LKQ’s interim office of the CEO includes the company’s board chair and audit committee chair.

Source: S&P Global Market Intelligence

Fortune Daily breaks the traditional barrier between audience and newsroom. The show transforms Fortune’s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. Watch here.
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