{"id":3798,"date":"2026-07-20T11:38:20","date_gmt":"2026-07-20T11:38:20","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=3798"},"modified":"2026-07-20T11:38:20","modified_gmt":"2026-07-20T11:38:20","slug":"c-suite-promotions-now-come-with-three-jobs","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=3798","title":{"rendered":"C-suite promotions now come with three jobs"},"content":{"rendered":"
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When Target named Michael Fiddelke CEO in February 2026, the leadership changes he announced went beyond a standard promotion. Target eliminated its chief commercial officer role and consolidated merchandising authority into a single position, naming Cara Sylvester, previously chief guest experience officer, as the sole chief merchandising officer overseeing product development, assortment design, and partner collaborations.<\/p>\n

Read more \u2018Milliseconds matter in modern markets\u2019: How Trump\u2019s Truth API, and less frequent SEC filings, could create a \u2018two-tiered market\u2019<\/a><\/p>\n

Lisa Roath, formerly chief merchandising officer for food, essentials, and beauty, moved up to chief operating officer, taking end-to-end control of supply chain, stores, and merchandising execution. That reshuffle captures a pattern now playing out across corporate America: Companies are consolidating sales, marketing, growth, and operations under fewer executives with sweeping mandates organized around business outcomes.<\/p>\n

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Another clear example of this took place in October 2025. Microsoft promoted Judson Althoff from chief commercial officer, a role he had held when building Microsoft Customer and Partner Solutions into one of the company\u2019s top growth engines, to CEO of its entire commercial business, placing sales, marketing, and commercial operations under one leader with a mandate to accelerate enterprise AI adoption.<\/p>\n

HSBC made a similar move in 2024, combining its Commercial Banking and Global Banking & Markets units into a single Corporate & Institutional Banking division under CEO Georges Elhedery, bringing client coverage and capital allocation under a single executive.<\/p>\n

The same logic has extended into growth and transformation roles over the past few years. Scholastic appointed Jeffrey Mathews as chief growth officer and executive vice president in September 2024, giving him responsibility for the company\u2019s growth agenda across multiple functions.\u00a0<\/p>\n

The real story, of course, isn\u2019t just about organizational charts. Rather, companies are redefining executives\u2019 value around their ability to connect functions that were historically managed separately. That shift is changing how leadership potential is assessed, how succession plans are built, and which assignments become career accelerators.<\/p>\n

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Still, the tilt toward broader executive roles doesn\u2019t mean companies have stopped valuing functional expertise. In fact, Spencer Stuart\u2019s December 2025 research found that S&P 500 companies continue to fill most of these leadership positions through internal promotions, underscoring the importance boards place on deep domain knowledge. Increasingly, however, that expertise serves as a foundation rather than a destination.<\/p>\n

Executives who demonstrate excellence in a specific function are more likely to be entrusted with broader operating mandates spanning commercial, technology, operations, finance, or customer strategy. Those assignments then give boards a clearer view of how leaders make enterprise-wide decisions and become important stepping stones for executives with CEO ambitions.<\/p>\n

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ruth.umoh@fortune.com<\/p>\n

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Smarter in seconds<\/h3>\n

Guest tested. <\/b>Red Lobster\u2019s 37-year-old CEO waited tables before joining the C-suite\u2014he says it was a crash course in managing \u2018difficult people and situations<\/span>\u2019<\/span><\/p>\n

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Street smarts. <\/b>Goldman Sachs CEO says he\u2019d hire someone \u2018smart enough\u2019 over the smartest person in the world because ultimately experience trumps brains<\/span><\/p>\n

Lucky break.<\/b> FedEx\u2019s CEO landed his first job by taking a roommate\u2019s abandoned interview. Now he\u2019s running a $75 billion shipping giant<\/span><\/p>\n

Read more Top CD rates from major banks on July 20, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more<\/a><\/p>\n

Jet setter. <\/b>How FIFA’s president criss-crossed North America on a private jet to watch over 40 World Cup games in 39 days<\/span><\/p>\n

Leadership lesson<\/h3>\n

FedEx\u2019s CEO on <\/span>what it takes to be a chief executive<\/span>: \u201cNever be judgmental\u2026have a curious mindset, and be able to adapt to what\u2019s coming. Have this learning mindset.\u201d<\/span><\/p>\n

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News to know<\/h3>\n

Power companies are using eminent domain to secure land for AI data centers despite widespread public opposition. <\/span>Fortune<\/span><\/i><\/p>\n

Ships are rejecting a U.S.-backed route through Hormuz, but new pipelines could sharply reduce global dependence on the strait within a few years. <\/span>Fortune<\/span><\/i><\/p>\n

Jeff Bezos\u2019 Blue Origin is raising pay to compete with SpaceX, but an advisor warns the higher salaries could become \u201cgolden handcuffs.\u201d <\/span>Fortune<\/span><\/i><\/p>\n

United Airlines is proving that travelers will pay higher fares for a better experience, and it\u2019s helping offset rising fuel costs and drive revenue. <\/span>Fortune<\/span><\/i><\/p>\n

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Boeing’s CEO said the company must repair its finances before launching its next new airplane. <\/span>WSJ<\/span><\/i><\/p>\n

The billionaire founders of Polymarket and Kalshi are locked in an increasingly personal battle to dominate prediction markets. <\/span>NYT<\/span><\/i><\/p>\n

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The World Cup became a showcase for sports technology, from AI-powered offside calls to wearable tech for referees. <\/span>BI<\/span><\/i><\/p>\n

Read more Current price of Ethereum for July 20, 2026<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The C-suite is asking executives to do more and oversee more functions.<\/p>\n","protected":false},"author":1,"featured_media":3797,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120],"tags":[],"class_list":["post-3798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-next-to-lead"],"yoast_head":"\nC-suite promotions now come with three jobs - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=3798\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"C-suite promotions now come with three jobs - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"The C-suite is asking executives to do more and oversee more functions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=3798\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-20T11:38:20+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3798#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3798\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"C-suite promotions now come with three jobs\",\"datePublished\":\"2026-07-20T11:38:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3798\"},\"wordCount\":755,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3798#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/26e8d13307ca4a06b1811526b4c14356.webp\",\"articleSection\":[\"Next to Lead\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3798#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3798\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3798\",\"name\":\"C-suite promotions now come with three jobs - 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