Fortune 500 Power Moves this week:Prashanth Mahendra-Rajah, CFO of Uber Technologies (
No. 101), will step down from his role on Feb. 16. He
will be succeeded by Balaji Krishnamurthy, vice president of strategic finance. Mahendra-Rajah, who joined the company as CFO in November 2023, will remain with Uber as a senior finance advisor to CEO Dara Khosrowshahi through July 1.
Jamie Miller, chief financial and operating officer at PayPal (
No. 137), was
appointed interim CEO. After two and a half years, Alex Chriss stepped down as CEO. Enrique Lores, CEO of HP Inc., is set to take over as the permanent CEO on March 1. At PayPal, Miller’s remit had already expanded in 2025 to include the chief operating officer role. Appointed CFO in 2023, she previously served as global CFO of EY and CFO of Cargill, and spent more than a decade at General Electric, including as CFO and CEO of GE Transportation.
Loek Beckers was promoted to SVP and CFO of McDonald’s USA, (
No. 165), effective March 1. Beckers will report to Ian Borden, McDonald's global CFO. Beckers started at McDonald’s in April 2024 as SVP of corporate finance, and oversees the corporate controller group, financial planning and analysis, and global tax, treasury and insurance teams. He came to
McDonald’s from General Motors, where he held segment CFO roles for GM’s International operations and GM’s China joint venture operations, as well as several corporate finance roles.
Every Friday morning, the weekly Fortune 500 Power Moves column tracks Fortune 500 company C-suite shifts—see the most recent edition.More notable moves this week:Karen Chan Chi Yin was promoted to CFO of
Deswell Industries, Inc. (Nasdaq: DSWL), effective Feb. 2. Chan succeeds Herman Wong, who has resigned from the position to pursue other interests. Chan brings over 20 years of financial experience. She first joined Deswell in 2004, serving as finance and administration manager for a key subsidiary for four years. She previously held the position of CFO at SIM Technology Group Ltd.
Eric Shultz was promoted to CFO and principal accounting officer of SIFCO Industries, Inc. (NYSE American: SIF), a maker of components and machined assemblies for aircraft and engine manufacturers, effective February 20. He will succeed Jennifer Wilson, who has resigned, according to an
SEC filing. Shultz is currently director of strategy and administration and has more than 25 years of finance experience. He was formerly the CFO of Bowden Manufacturing Corp.
Sundip “Sonu” Singh Johl was appointed EVP, CFO, and treasurer of
Ring Energy, Inc. (NYSE American: REI), effective Feb. 27. Johl brings more than 20 years of experience. From 2020 through January 2026, he was managing director, co-head of energy investment banking at Raymond James & Associates, Inc. Before that, he was managing director, co-head of E&P at UBS Investment Banking Global Energy Group.
Matt Horvath, CFO and treasurer at
Stoneridge, Inc. (NYSE: SRI), an electronic systems provider, has resigned, effective March 31, to pursue an opportunity in a different industry sector. Stoneridge has initiated a search to identify a CFO. Until a permanent replacement is appointed, Robert Hartman, chief accounting officer, will work closely with Horvath over the next two months.
William H. White was appointed CFO of
Quantum Corporation (Nasdaq: QMCO), a technology company that provides solutions for unstructured data. White brings more than two decades of experience. Most recently, White served as CFO and head of revenue operations at Emotive, a venture-backed SaaS company. Earlier in his career, White was managing partner at Goldblum Lentz & Co.
