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

This week brought notable changes to the executive ranks of America's highest-revenue-generating Fortune 500 companies. In the corporate services sector, Jones Lang LaSalle appointed Paul Morgan as Chief Operating Officer, filling a newly created role. Morgan, who has been with the company since 2016, previously served as Global Chief Operating Officer for Real Estate Management Services and as CEO of Workplace Management.

In healthcare, Accenda Health appointed Kenneth Gardner-Smith as CEO, effective in the fourth quarter of 2026. Gardner-Smith, a board member of Accenda Health, will succeed Edward A. Pesicka, who announced his retirement. In household products, Masco Corporation named Yaron Ben David as Chief Technology and AI Officer, effective immediately.

Ben David, previously Chief Digital Officer of Standard Industries, will lead the company's technology and AI initiatives. In industrials, Otis Worldwide announced that Chief Executive Officer Judy Marks will retire in the first half of 2027. Marks, who has been with the company since 2017, will remain as an advisor through July 31, 2027 to assist with the transition.

Marks played a key role in Otis Worldwide's separation from United Technologies during her tenure. In retail, Target appointed Mark Weinstein as Chief Marketing and Guest Experience Officer. Weinstein, previously CMO and Head of Luxury Brands at Hilton Worldwide Holdings, will oversee the company's marketing and guest experience efforts.