Fortune 500 Companies Announce Major Executive Shifts

This week witnessed notable changes in the executive leadership of several Fortune 500 companies, reflecting strategic moves to enhance their leadership and drive future growth.

In the food, beverages, and tobacco sector, Hormel Foods appointed board member Jeffrey M. Ettinger as interim CEO, effective July 14. Ettinger previously served as President and CEO of the company from 2005-2016, and he will succeed Jim Snee, who announced his retirement in January. The company also stated plans to appoint a permanent CEO to assume the role in October 2026.

In the media sector, a company appointed Julian Delany as EVP and CTO, succeeding David Kline, whose resignation was announced earlier this year. Delany has been with the company since 2012 and became the company’s CTO in 2020.

In the retailing sector, Ulta Beauty announced that Chris Lialios, the company’s SVP–Controller, has been named interim CFO, effective immediately. Lialios succeeds Paula Oyibo, who has left Ulta Beauty. The company is working with an executive search firm to seek a permanent successor externally. Oyibo joined the company in 2019 and had served as CFO since April 2024. Lialios has been with Ulta since 1999.

In the transportation sector, GXO Logistics appointed Patrick Kelleher as CEO, effective Aug. 19. Kelleher most recently served as CEO, North America, at DHL Supply Chain, a division of Deutsche Post DHL Group. He will succeed GXO’s Malcolm Wilson, who will retire as CEO after four years in the role.

Additionally, Wiley appointed Craig Albright as the Executive Vice President and Chief Financial Officer, effective June 26. Albright brings over three decades of experience to his new role, marking a notable addition to Wiley's executive team.

CapSpire appointed Duncan James as its new Chief Executive Officer. James, with over two decades of executive leadership experience in multinational consulting firms, is expected to bring a proven track record of success to capSpire.