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.
Below is a recap of the C-suite developments at America’s highest-revenue-generating companies announced between April 26-May 2, 2025, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), COOs (Chief Operating Officers), and CFOs (Chief Financial Officers). We also include CTOs (Chief Technology Officers), CMOs (Chief Marketing Officers), CIOs (Chief Information 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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Business services
- Automatic Data Processing (No. 228) appointed Peter Hadley as the company’s new CFO, effective July 1. Hadley currently serves as the company’s Treasurer and will succeed Don McGuire.
Energy
- World Kinect (No. 93) promoted John P. Rau to the formerly vacant role of COO, effective immediately. Rau previously served as EVP of Global Aviation, Land and Marine, at the company.
Financials
- State Street (No. 225) appointed John F. Woods to CFO. Woods will vacate the role of CFO at Citizens Financial Group (No. 337) and will succeed interim CFO Mark Keating when he joins State Street in late August. Keating will return to his previous role as CFO of the company’s Investment Services unit.
Industrials
- Corning (No. 323) announced that President and COO Eric S. Musser will retire at the end of the year after 39 years at the company. Avery “Hal” Nelson III, currently SVP and General Manager, Automotive, Life Sciences, and Solar at Corning, will succeed Musser.
Retailing
- Kohl’s (No. 235) announced that it fired CEO Ashley Buchanan on May 1 after the CEO was found to be steering the company toward a vendor with whom he had a conflict of interest. Buchanan had only been in the role since January. Chairman Michael Bender will step into the interim CEO role. Read more: Kohl’s turnaround efforts dealt major blow as its new CEO is fired in scandal involving a ‘personal relationship’ just a few months after taking the top job
Technology
- eBay (No. 390) appointed Peggy Alford as the company’s new CFO, effective May 12. Alford previously served as EVP, Global Sales and Merchant Services at PayPal (No. 145) and will succeed Steve Priest.
Source: S&P Global Market Intelligence
