Otis CEO Judy Marks to Retire as Target and JLL Reshuffle C-Suites

Judy Marks will retire as CEO of Otis Worldwide (No. 312 on the Fortune 500) in the first half of 2027, once the company appoints a successor. The announcement, made between Sept. 12 and 18, 2026, capped a week of C-suite turnover across five Fortune 500 sectors, according to Fortune's Power Moves column, which draws on S&P Global Market Intelligence data.

Marks has spent nine years with Otis, joining in 2017, and helped lead the elevator maker's separation from United Technologies. She will stay on as an advisor through July 31, 2027 to manage the transition.

Financials

Jones Lang LaSalle (No. 175) appointed Paul Morgan to the newly created role of COO. Morgan has been with the company since 2016. He previously served as Global Chief Operating Officer, Real Estate Management Services, and CEO of Workplace Management.

Health Care

Accendra Health (No. 407) named Kenneth Gardner-Smith CEO. The company said he is expected to assume the role in the fourth quarter of this year. Gardner-Smith sits on the company's board and currently serves as CEO of Veritas Veterinary Partners. He previously held senior roles at DaVita (No. 331). He will succeed Edward A. Pesicka, who will retire.

Household Products

Masco (No. 498) appointed Yaron Ben David Chief Technology and AI Officer. Ben David previously served as Chief Digital Officer of Standard Industries.

Retailing

Target (No. 42) appointed Mark Weinstein Chief Marketing and Guest Experience Officer. Weinstein previously served as CMO and Head of Luxury Brands at Hilton Worldwide Holdings (No. 367). Target's last CMO was Lisa Roath, who moved to EVP and Chief Merchandising Officer of Food, Essentials, and Beauty in 2025 and now serves as the retailer's COO.

What It Signals

The week's moves show two distinct patterns: succession planning with long runways, as at Otis and Accendra Health, and the continued creation of hybrid technology and marketing roles. Masco's decision to combine technology and AI oversight in a single C-suite title, and Target's merger of marketing with guest experience, point to Fortune 500 boards consolidating digital and customer-facing functions at the top table. Otis's advisory arrangement through mid-2027 suggests the company wants an orderly, months-long handover rather than an abrupt exit.