• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipFortune 500 Power Moves

Fortune 500 Power Moves: Which executives gained and lost power this week, May 10-16, 2025

Fortune Editors
By
Fortune Editors
Fortune Editors
Fortune Editors
By
Fortune Editors
Fortune Editors
May 16, 2025 at 3:30 PM UTC
Mark Patterson will become the next CFO of Cisco (No. 74 on the 2024 Fortune 500) on July 7, 2025.Courtesy of Cisco

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. 

Recommended Video

Below is a recap of the C-suite developments at America’s highest-revenue-generating companies announced between May 10-16, 2025, 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), CMOs (Chief Marketing 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).

Health care

  • UnitedHealth Group (No. 4) announced that CEO AndrewWitty stepped down from the role for personal reasons, effective immediately. Board Chairman and former CEO StephenHemsley returned to the role and will remain Chairman. Read more:UnitedHealth Group’s CEO steps down as the insurance giant pulls guidance for 2025

  • Intuitive Surgical (No. 497) appointed David J. Rosa as CEO, effective July 1. Rosa, who has been with the company since 1996 and was its ninth employee, currently serves as President. Rosa will succeed Gary S. Guthart, who will transition to Executive Chair of the Board.

Technology

  • Cisco (No. 74)appointedMarkPatterson as its next CFO, effective July 7. Patterson currently serves as EVP and Chief Strategy Officer and will succeed ScottHerren, who will retire.

Source: S&P Global Market Intelligence

Fortune Brainstorm AI returns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Fortune Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.
About the Author
Fortune Editors
By Fortune Editors
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.