The search for corporate America’s next Fortune 500 CEOs

By Ruth UmohEditor, Next to Lead
Ruth UmohEditor, Next to Lead

Ruth Umoh is the Next to Lead editor at Fortune, covering the next generation of C-Suite leaders. She also authors Fortune’s Next to Lead newsletter.

Leaders across the Fortune 500 are redefining what it means to be CEO-ready in an era of rapid change.
Leaders across the Fortune 500 are redefining what it means to be CEO-ready in an era of rapid change.
PaperFox

At Fortune, we’ve spent almost a century studying what separates the good leaders from the great ones; the ones who don’t just survive disruption, but shape it.

The next wave of corporate chiefs is emerging from a radically different playbook. They’re products of an economy defined by technological acceleration, and operate with fluency across disciplines that didn’t even exist in the CEO vocabulary a decade ago: data science, AI governance, cybersecurity, social trust, geopolitical volatility, and shifting expectations of what leadership should look like.

The CEO role has evolved into something closer to orchestration than command and control. Modern chiefs are asked to anticipate crises, manage global workforces, and make irreversible decisions under public scrutiny. The best ones lead with precision and restraint: knowing when to move fast, when to listen, and when to let the data inform—but not dictate—their instincts.

It’s within that reality that the 2025 Fortune Next to Lead list takes shape. Now in its second year, Next to Lead highlights rising executives already demonstrating the range and judgment required to run complex, high-performing organizations. They may be five to ten years from the top job, but they’re already driving transformation—modernizing operations, integrating AI responsibly, and expanding what leadership can mean inside the Fortune 500.

Last year’s honorees reflected the expanding definition of executive leadership. Some were finance leaders driving growth through disciplined transformation, operators mastering complexity across global supply chains, and commercial strategists balancing brand, data, and distribution in real time. They were from different industries, united by a common thread: Each showed that modern leadership demands cross-functional fluency, sound judgment under pressure, and an understanding that the CEO role now carries moral and societal weight alongside managerial authority.

This year, Next to Lead will spotlight those operating with the same blend of focus and foresight, shaping the future of the C-suite from within.

Applications for the 2025 Fortune Next to Lead list are now open. Nominees must currently work at a Fortune 500 company and typically hold a senior title (e.g., director, MD, SVP, EVP, president, or C-suite) within five to ten years of assuming the top job.

The deadline to apply is Monday, Dec.1, 2025. For more information or to submit a nomination, apply here.

Ruth Umoh
ruth.umoh@fortune.com

Smarter in seconds

Restaurant reboot. How this 36-year-old former investment banker plans to save Red Lobster

Evergreen hustle. Martha Stewart wants to be a ‘super ager,’ so she wakes up at 4 a.m. and packs in brain games and pilates

Relationship ROI. Scott Galloway says the key to landing jobs is be as social as possible

Candidate criteria. Interview green flags Wayfair's president looks for in new hires

Leadership lesson

Red Lobster’s CEO on earning employee trust: “Fundamentally, people want certainty. They want to be good at their jobs, and it’s easier to be good if you know what’s expected of you.”

News to know

Jamie Dimon protégé Charlie Scharf took on one of Wall Street’s toughest turnarounds, betting his career on restoring Wells Fargo’s reputation. Fortune

The government shutdown has halted federal pay and deepened pressure on contractors, small businesses, and investors. WSJ

The collapse of auto-parts maker First Brands has revealed billions in hidden losses for global banks and private credit lenders, rattling Wall Street. NYT

BYD executive Stella Li is leading the automaker’s international push as it takes on Tesla and Toyota for electric-vehicle dominance. FT

China on Sunday pushed back against Trump’s 100% tariff threat, urging the U.S. to resolve trade tensions through dialogue rather than pressure. Fortune

Following a rejected bid, Paramount is reportedly considering presenting its proposal to merge with Warner Bros. Discovery directly to shareholders. WSJ

This is the web version of the Fortune Next to Lead newsletter, which offers strategies on how to make it to the corner office. Sign up for free.