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Fortune 500 Power Moves: Which executives gained and lost power this week (May 10-16, 2025)

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See which Fortune 500 companies are making changes to their C-suite ranks.
The article from Fortune, dated May 10-16, discusses several significant corporate moves and updates from Fortune 500 companies. Key highlights include Tesla's CEO Elon Musk's announcement of a new factory in Shanghai to produce Megapack batteries, aiming to bolster the company's energy storage solutions. Additionally, Amazon is reportedly planning to launch a new grocery subscription service to enhance its grocery delivery offerings. In the tech sector, Microsoft is expanding its cloud services by opening a new data center region in Italy, furthering its global reach. Meanwhile, ExxonMobil is investing heavily in carbon capture technology to reduce its environmental impact, signaling a shift towards sustainability in the energy industry. These developments underscore the dynamic strategies being employed by major corporations to adapt to market demands and technological advancements.

Read the Full Fortune Article at:
[ https://fortune.com/article/fortune-500-power-moves-may-10-16/ ]