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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
C-SuiteFortune 500 Power Moves

Fortune 500 Power Moves: Which executives gained and lost power this week

Fortune Editors
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Fortune Editors
Fortune Editors
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Fortune Editors
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June 12, 2026, 11:30 AM ET
Marvell Technology (No. 476) appointed Dan Durn CFO, effective June 15.
Marvell Technology (No. 476) appointed Dan Durn CFO, effective June 15.Courtesy of Adobe.

This is Fortune 500 Power Moves, a 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 June 6-12, 2026, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), and COOs (Chief Operating Officers). We also include 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.

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Engineering and construction

  • Lennar (No. 135) appointed Jim Parker COO. He previously led the company’s East operations. The role had previously been vacant. 

Household products

  • Mohawk Industries (No. 404) appointed Paul F. De Cock CEO, effective Sept. 30. He currently serves as COO and Interim President, Flooring Rest of the World. He joined Mohawk in 2005 through its acquisition of Unilin Group, where he had worked since 1997. He succeeds Jeffrey S. Lorberbaum, who is retiring after 25 years as CEO but will remain chairman of the board.

Technology

  • Marvell Technology (No. 476) appointed Dan Durn CFO, effective June 15. Durn previously served as CFO and EVP of Finance, Technology, Security, and Operations at Adobe (No. 192), and earlier was CFO of Applied Materials (No. 160). He succeeds Willem Meintjes, who will remain with Marvell through April 2027 to advise on the transition. Adobe named Steve Day, SVP of Corporate Finance and CFO of Adobe’s Customer Experience Orchestration business unit, as interim CFO.

Source: S&P Global Market Intelligence

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