Fortune 500 Power Moves: Which executives gained and lost power this week, May 17-23, 2025

Below is a recap of the C-suite developments at America’s highest-revenue-generating companies announced between May 17–23, 2025, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), CTOs (Chief Technology Officers), and CIOs (Chief Information Officers). We also include COOs (Chief Operating 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.

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Financials

• Lincoln National (No. 354) appointed Tom Anfuso as SVP and CTO. Anfuso previously served as Managing Director and CTO at JPMorgan Chase (No. 12).

Materials

• Ball (No. 304) announced that Howard Yu will step down as CFO, effective June 30. The company described his departure as pursuant to a mutual agreement and not based on any disagreement with the company. Daniel Rabbitt, SVP of Corporate Planning and Development, will become interim CFO. 

Retailing

• Bath and Body Works (No. 481) appointed Daniel Heaf as the company’s new CEO, effective immediately. Heaf previously served as Chief Strategy and Transformation Officer at Nike (No. 88). He succeeds former Bath and Body Works CEO Gina Boswell, who took a leave of absence in March to undergo surgery.

Telecommunications

• Charter Communications (No. 76) promoted Jake Perlman to the newly created role of EVP, Chief Technology and Information Officer. Perlman previously served as EVP, Software Development and IT at Charter.

Source: S&P Global Market Intelligence