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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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LeadershipFortune 500 Power Moves

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

Fortune Editors
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Fortune Editors
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May 23, 2025, 11:45 AM ET
Daniel Heaf is the new CEO of Bath & Body Works (No. 481 on the 2024 Fortune 500).
Daniel Heaf is the new CEO of Bath & Body Works (No. 481 on the 2024 Fortune 500).Courtesy of Bath & Body Works

Memorial Day week has proven a quiet week for Power Moves. Check back for the next edition of this column on Friday, June 6.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 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.

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).

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

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