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LeadershipCoins2Day 500 Power Moves

Coins2Day 500 Power Moves: Which executives gained and lost power this week, March 1-7, 2025

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March 7, 2025, 9:59 AM ET
Cathy Smith will become the next CFO of Starbucks (No. 116 on the 2024 Coins2Day 500).
Cathy Smith will become the next CFO of Starbucks (No. 116 on the 2024 Coins2Day 500).Courtesy of Starbucks

This is Coins2Day 500 Power Moves, a weekly column tracking executive shifts—from appointments and promotions to resignations and retirements—within the highest ranks of Coins2Day 500 companies. 

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Below is a recap of the C-suite developments at America’s highest-revenue-generating companies announced between March 1-7, 2025, organized by sector. Titles included in this roundup: CEOs (Chief Executive Officers), CFOs (Chief Financial Officers), COOs (Chief Operating Officers), and Chief Customer Officers. We also include CTOs (Chief Technology Officers), CIOs (Chief Information Officers), CHROs (Chief Human Resources Officers), Chief People Officers, and CMOs (Chief Marketing Officers) when there are Power Moves within the Coins2Day 500 announced pertaining to those roles.

For daily updates, subscribe to Coins2Day’s weekday newsletters, including CEO Daily, CFO Daily, CIO Intelligence, and MPW Daily, as well as Next to Lead (weekly Mondays).

Food, beverages, and tobacco

  • Kroger (No. 25) announced that CEO RodneyMcMullen has stepped down from the role following an independent investigation into “certain personal conduct” that the company’s board was alerted to on Feb. 21. McMullen had been CEO of the grocery chain since 2014. Lead Director RonaldSargent will serve as interim CEO while the company’s board searches for a permanent successor. Read more:Kroger CEO resigns from $150 billion grocery chain over ‘certain personal conduct,’ forfeiting 2024 bonus
  • Albertsons (No. 53) announced that Executive Vice President and COO SusanMorriswill succeed VivekSankaran as CEO upon his retirement, effective May 1.
  • Hershey (No. 361) named TiffanyMenyhart to the new role of Chief Customer Officer, effective March 17. Menyhart currently serves as Area Vice President (SVP), Strategic Accounts and Growth Channels at Kraft Heinz (No. 156). 

Health care

  • BrightSpring Health (No. 436)promotedJenniferPhipps to CFO, effective March 4. Phipps previously served as Chief Accounting Officer, Principal Accounting Officer, and Chief Financial Officer of BrightSpring’s Home Health and Hospice segment, as well as Senior Vice President of Treasury, Risk, Tax, Real Estate, and Procurement. She replaces former CFO JimMattingly.

Hotels, restaurants, and leisure

  • Starbucks (No. 116) announced that CathySmith will replace RachelRuggeri as CFO, though no specific date for the transition is set. Smith currently serves as the CFO of Nordstrom (No. 286). Read more:Why Starbucks picked retail veteran Cathy Smith to be its CFO

Household products

  • Masco (No. 466) appointed JonathonNudi as CEO, effective July 7. Nudi most recently served as Group President of General Mills’s Pet, International, and North America Foodservice segments and will replace KeithAllman as CEO upon his retirement.

Power

  • Xcel Energy (No. 302) announced that Executive Vice President and COO Timothy O’Connor will retire from the company, effective May 1. He will be succeeded by ScottSharp, who will become the company’s Executive Vice President and Chief Generation Officer, and MichaelLamb, who will be named Executive Vice President and Chief Delivery Officer.

Retailing

  • Dollar Tree (No. 143) named StewartGlendinning as CFO, effective March 30. Glendinning currently serves in a senior role focused on enterprise-wide transformation initiatives and will succeed current CFO Jeffrey A. Davis. 

Source: S&P Global Market Intelligence

Coins2Day Brainstorm AI returns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Coins2Day Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.
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