This is Coins2Day 500 Power Moves, a regular feature detailing leadership changes, including new hires, advancements, departures, and exits, at the senior levels of Coins2Day 500 organizations.
TL;DR
- Walmart CEO Doug McMillon retires Jan 31, 2026; John Furner succeeds him.
- Mutual of Omaha names Brody Merrill CFO, replacing retiring Rick Hrabchak.
- Ball appoints Ronald J. Lewis as CEO, succeeding Daniel W. Fisher.
- Intel's Sachin Katti departs to join OpenAI; CEO Lip-Bu Tan leads AI.
This summary covers executive changes at the largest U.S. Companies by revenue from November 8th to 14th, categorized by industry. The roles highlighted are CEOs, CFOs, and CTOs. Additionally, COOs, CIOs, CHROs, Chief People Officers, CMOs, and Chief Customer Officers are included if significant leadership shifts occur within the Coins2Day 500 for those positions.
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Financial services and insurance
- Mutual of Omaha (No. 299) appointed Brody Merrill as CFO, effective Dec. 1. Merrill most recently served as CFO and Treasurer of American National Insurance Company and will succeed Rick Hrabchak, who is retiring.
Materials
- Ball (No. 349) named Ronald J. Lewis as its new CEO, with the appointment taking effect on November 10th. Prior to this, Lewis held the position of Chief Supply Chain and Operations Officer for the company, taking over from Daniel W. Fisher, who resigned from the CEO position. The company announced that Fisher's exit from the CEO role is “not related to any disagreement with the company.” Additionally, Ball has officially appointed Daniel J. Rabbit, as CFO, a role they've been filling on an interim basis since May.
Media
- Walt Disney (No. 46) extended Hugh F. Johnston will serve as Senior EVP and CFO until January 31, 2029. His agreement was initially set to conclude on December 31, 2026.
Retailing
- Walmart (No. 1) announced that President and CEO Doug McMillon will retire on Jan. 31, 2026. John Furner, currently the President and CEO of Walmart U.S., will succeed McMillon. McMillon will serve as an advisor to Furner through fiscal year 2027, and the company plans to announce succession plans for Furner’s role by the end of fiscal year 2026.
Read more: Walmart's chief executive began his professional journey by unloading trailers at the company's warehouse; he attributes his achievements to proactively volunteering for tasks.
Technology
- Intel (No. 86) has revealed that SVP, Chief Technology and AI Officer Sachin Katti has departed the firm to work with OpenAI on developing its compute infrastructure. Intel's CEO Lip-Bu Tan will assume responsibility for the company's AI initiatives.
Source: S&P Global Market Intelligence