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 June 28-July 3, 2025, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), CIOs (Chief Information Officers), COOs (Chief Operating Officers), and CTOs (Chief Technology Officers). We also include 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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Aerospace and defense
- Boeing (No. 63) has appointed Jesus “Jay” Malave as EVP and CFO, effective Aug. 15. Brian West, who has served as the company’s CFO for the last four years, will become a senior advisor to Boeing President and CEO Kelly Ortberg. Malave previously served as CFO of Lockheed Martin (No. 59) and L3Harris Technologies (No. 203), among other companies.
Health care
- Danaher (No. 180) announced that Martin Stumpe will become the company’s Chief Technology and AI Officer, effective Oct. 1. Stumpe joined Danaher in 2024 as Chief Data and AI Officer. He previously held AI leadership roles at Tempus and founded the Cancer Pathology project at Google. Former Danaher CTO James Ross vacated the role this past January to become Chief Digital Technology Officer at Phillips 66 (No. 28).
Industrials
- Stanley Black & Decker (No. 283) named Christopher Nelson as the company’s next CEO, effective Oct. 1. Nelson has served as Stanley Black & Decker’s COO and EVP, as well as President of its Tools & Outdoor business, since he joined the company in 2023. He will succeed Donald Allan, Jr., who has served as CEO since July 2022. Allan will transition to Executive Chair of the Board for one year until his retirement in October 2026.
Motor vehicles and parts
- Autoliv (No. 407) announced that Fredrik Westin has decided to resign as CFO for personal reasons and to pursue a position in Europe, where he lived prior to joining Autoliv in March 2020. The plan is for him to remain in his current position until Dec. 31, but the company will begin recruiting a successor immediately.
Retailing
- Best Buy (No. 108) has appointed Neal Sample as Chief Digital and Technology Officer, succeeding Brian Tilzer. Sample was most recently EVP and CIO of Walgreens Boots Alliance (No. 26). He has also served as CIO of Northwestern Mutual (No. 109).
Technology
- Microchip Technology (No. 485) announced that Steve Sanghi will serve as the company’s CEO on a permanent basis, versus the interim basis he’d been serving in since November, coming out of retirement to do so. Sanghi was Microchip’s CEO for 30 years, but he retired in 2021 only to rejoin the company in 2024.
Source: S&P Global Market Intelligence