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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
LeadershipFortune 500 Power Moves

Fortune 500 Power Moves: Which executives gained and lost power, June 21-27, 2025

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June 27, 2025, 1:40 PM ET
GXO Logistics (No. 363 on the Fortune 500) appointed Patrick Kelleher as CEO, effective Aug. 19.
GXO Logistics (No. 363 on the Fortune 500) appointed Patrick Kelleher as CEO, effective Aug. 19.Courtesy of GXO Logistics
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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. 

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Below is a recap of the C-suite developments at America’s highest-revenue-generating companies announced between June 21-27, 2025, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), and CTOs (Chief Technology Officers). We also include COOs (Chief Operating 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.

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Food, beverages, and tobacco

  • Hormel Foods (No. 352) appointed board member Jeffrey M. Ettinger as interim CEO, effective July 14. Ettinger previously served as President and CEO of the company from 2005-2016, and he will succeed Jim Snee, who announced his retirement in January. The company also stated plans to appoint a permanent CEO to assume the role in October 2026.

Media

  • News Corp. (No. 414) appointed Julian Delany as EVP and CTO, succeeding David Kline, whose resignation News Corp. announced earlier this year. Delany has been with News Corp. Australia since 2012 and became the company’s Australia CTO in 2020.

Retailing

  • Ulta Beauty (No. 375) announced that Chris Lialios, the company’s SVP–Controller, has been named interim CFO, effective immediately. Lialios succeeds Paula Oyibo, who has left Ulta Beauty. The company is working with an executive search firm to seek a permanent successor externally. Oyibo joined the company in 2019 and had served as CFO since April 2024. Lialios has been with Ulta since 1999.

Transportation

  • GXO Logistics (No. 363) appointed Patrick Kelleher as CEO, effective Aug. 19. Kelleher most recently served as CEO, North America, at DHL Supply Chain, a division of Deutsche Post DHL Group. He will succeed GXO’s Malcolm Wilson, who will retire as CEO after four years in the role.

Source: S&P Global Market Intelligence

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