This is Fortune 500 Power Moves, a weekly 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 April 12-18, 2025, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), COOs (Chief Operating Officers), CFOs (Chief Financial Officers), and CHROs (Chief Human Resources Officers). We also include CTOs (Chief Technology Officers), CMOs (Chief Marketing Officers), CIOs (Chief Information 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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Aerospace and defense
- Lockheed Martin (No. 57) appointed Evan Scott as SVP and CFO, effective immediately. Scott, who has been with the company for 26 years, previously served as VP and CFO, Lockheed Martin Missiles & Fire Control and succeeds Jesus “Jay” Malave, who is leaving the company to pursue other opportunities.
Energy
- APA (No. 455) appointed Ben Rodgers to the role of CFO, effective May 12. Rodgers previously served as SVP, Finance and Treasurer of the company and will succeed Steve Riney, who will remain with the company as President.
Food, beverages, and tobacco
- Molson Coors (No. 352) announced that CEO Gavin Hattersley plans on retiring by the end of 2025. The company has initiated a search for his successor. Read more: Molson Coors to lose CEO Gavin Hattersley by the end of 2025 after transformational run and record $11.6 billion revenue milestone
- Constellation Brands (No. 415) appointed Paula Erickson as EVP and CHRO, effective April 21. Erickson formerly served as CHRO at Beam Suntory (now Suntory Global Spirits) and will succeed CHRO Kris Carey.
Industrials
- Caterpillar (No. 59) appointed Joseph E. Creed as the company’s new CEO, effective May 1. Creed currently serves as the COO of the company and will succeed CEO D. James Umpleby III, who will transition to the role of Executive Chairman of the Board on May 1.
Retailing
- Lithia Motors (No. 140) announced that EVP and COO Adam A. Chamberlain is leaving the company to assume the role of CEO at Mercedes-Benz USA, effective June 1. There is no indication of his successor yet, though the company stated that “regional presidents and regional vice presidents will now report directly to Bryan DeBoer, Chief Executive Officer.” Read more: Mercedes-Benz just poached a top exec from Fortune 500 dealer group Lithia to run the brand’s U.S. sales operations
Wholesalers
- A-Mark Precious Metals (No. 421) announced that former CFO Cary Dickson is returning to the role, effective July 1. Dickson served as CFO of the company from November 2015 to September 2019, and will succeed current CFO Kathleen Simpson-Taylor, who plans on retiring at the end of the fiscal year.
Source: S&P Global Market Intelligence
