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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
LeadershipFortune 500 Power Moves

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

Fortune Editors
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Fortune Editors
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May 16, 2025, 11:30 AM ET
Mark Patterson will become the next CFO of Cisco (No. 74 on the 2024 Fortune 500) on July 7, 2025.
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. 

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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 Andrew Witty stepped down from the role for personal reasons, effective immediately. Board Chairman and former CEO Stephen Hemsley 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) appointed Mark Patterson as its next CFO, effective July 7. Patterson currently serves as EVP and Chief Strategy Officer and will succeed Scott Herren, who will retire.

Source: S&P Global Market Intelligence

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