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

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. 

Below is a recap of the C-suite developments at America’s highest-revenue-generating companies announced between Jan. 31–Feb. 6, 2026 organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), CHROs (Chief Human Resources Officers), and CMOs (Chief Marketing Officers). We also include COOs (Chief Operating Officers), CTOs (Chief Technology Officers), Chief Information Officers (CIOs), 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

• PayPal Holdings (No. 137) appointed Enrique Lores CEO, effective March 1. Lores previously served as President and CEO of HP (No. 84) and the Chairman of PayPal’s board, and succeeds Alex Chriss. (Jamie Miller, PayPal’s Chief Financial and Operating Officer, is serving as interim CEO until March 1 when Lores takes over.) Bruce Broussard, a member of HP’s board of directors and former CEO of Humana (No. 39), was appointed interim CEO of HP. Read more: PayPal dumps CEO in surprise shake-up, poaches HP’s top exec as replacement

Food, beverages, and tobacco

• J.M. Smucker (No. 466) appointed Katie Williams CMO, effective March 9. Williams previously served as U.S. CMO for Haleon (No. 293 on the Fortune 500 Europe) and succeeds Gail Hollander, who will serve in an advisory role with the company until April 30 when she retires. 

Media

• Walt Disney (No. 46) appointed Josh D’Amaro CEO, effective March 18. D’Amaro currently serves as Chairman of Disney Experiences and will succeed Bob Iger. Read more: Disney names parks chief Josh D’Amaro as next CEO

Technology

• Uber Technologies (No. 101) announced that Prashanth Mahendra-Rajah will step down as CFO of the company on Feb. 16. He will remain with the company through July 1 as a Senior Finance Advisor to CEO Dara Khosrowshahi. Mahendra-Rajah alluded to his next move during Uber’s earnings call this week, saying, “a new opportunity presented itself, where I could serve America and give back to the country,” and that he’ll share more about it soon. Balaji Krishnamurthy, currently VP, Strategic Finance at Uber, will succeed Mahendra-Rajah as CFO. Read more: Uber has appointed a new CFO—its third in three years

Transportation

• CSX (No. 301) appointed Riz Chand CHRO, effective Feb. 23. Chand previously served as Chief Talent Officer and Operating Partner at AEA Investors. EVP and Chief Administrative Officer Diana Sorfleet, who previously served as CHRO and “played a central role in shaping the company’s people strategy,” according to a company statement, is retiring after nearly 15 years with CSX.

Source: S&P Global Market Intelligence

This story was originally featured on Fortune.com