Meg Whitman is one of the few (maybe only) women who have been CEO at more than one Fortune 500 company. Were always looking for more people for our growing team. The now-CEO of Mylan allegedly received her MBA from West Virginia University without completing required credits. She is an information technology and cybersecurity expert, and has previously worked for General Electric, Veridian Corporation and General Dynamics. And while Ellen Kullman was the 19th person to be named CEO of DuPont, she was the first female to take the top spot since the company was founded in 1802. Morningstar, Inc. All Rights Reserved. I had always loved my long hair, but I was in my twenties, fresh out of law school, and working at a firm with colleagues many years my senior. She has been named the 34th most powerful women in the world by Forbes in 2013 and has been named one of Fortune magazine's 50 Most Powerful Women in Business for the past four years. "By the time I got to work, I was very used to being around a whole bunch of men who were fairly uncomfortable with difference," she said. As a coach and consultant, my advice is simple. Thats precisely what Heather Bresch, the current CEO of pharma giant Mylan (MYL) did. The company, which is one of the largest independent retailers of transportation fuel and convenience goods in North America, has done well under Bowers' leadership. By the late 1890s, Queen Victoria herself insisted that Buckingham Palace be "Bisselled" to absolute cleanliness. She intends to let technology lead the way and to make the trust of GM customers her top priority. It was rebranded in 1983 and now sells a huge variety of consumer electronics. You calibrate, decide, and go forward with commitment.". Interestingly, GM is the only car manufacturer whose headquarters remain in Detroit, historically known as the Motor City. It communicates the importance of this strategic priority and can add a sense of urgency to the agenda. Five new women CEOs of Fortune 500 companies began their roles as of January 1, 2023, which tipped the percentage balance to over 10%, or to 53 CEOs, according to data from Fortune. And she hasnt just stayed with Lockheed because its was the path of least resistance. In 2012, Mulligan didn't let the storm slow her company's growth. But will this new milestone open doors for more women leaders in the future? For that reason, the number of female chief executives on the ranking is a closely watched statistic among those who track gender diversity in boardrooms and C-suites across the country," Fortune editorEmma Hinchliffe observed. Kathy J. If todays exceptional leaders want to secure this future, now is the time for them to opt in to transformational leadershipboth in theory and in practice. With over 15 years of service as Executive Vice President of Valero, Kimberly Bowers was well prepared to step into her role as CEO of CST in 2013. There is no doubt that Marillyn Hewson is a powerful woman. 2023 GOBankingRates. For this ranking, GOBankingRates looked at the 25 largest 2020 Fortune 500 companies in terms of revenue with female CEOs. ". Of the 23 female CEOs of Fortune 500 companies, 15 sport versions of it, including the curled-at-the-ends cut of HP's Meg Whitman, the layered, tucked-behind-the-ears interpretation of Avon's Sheri McCoy, and the stick-straight look of Yahoo's Marissa Mayer. In her first year as CEO, Bowers kept her company's revenue at $12.8 billion dollars. These offers do not represent all available deposit, investment, loan or credit products. Despite the bob's proven power in the boardroom, I've never really been that big of a fan of the style itself. Since Bresch officially took over, Mylan has been solid. After this, it was another decade before a fourth woman was added to this list: Jill Barad, CEO of Mattel starting in 1997. In 2006, the first South-Asian female was named CEO of a Fortune 500 company ( Indra Nooyi of Pepsico), and the first African-American female was named CEO of a Fortune 500 company in 2009 ( Ursula Burns of Xerox). While the number of women grabbing the brass ring is steadily climbing, there have been two big bursts in the last decade for female CEOs. And the woman at the top during its recent run has been Gracia Martore. While the other powerful women on the list were appointed after the worst of the Great Recession, Meyrowitz steered TJX straight through the downturn and did so pretty flawlessly. Of the 23 female CEOs of Fortune 500 companies, 15 sport versions of it, including the curled-at-the-ends cut of HP's Meg Whitman, the layered, tucked-behind-the-ears interpretation of Avon's Sheri McCoy, and the stick-straight look of Yahoo's Marissa Mayer. Leading a company that's over 200 years old through a financial crisis is not easy. It wasnt until 1999 when an East-Asian female first was named CEO of a Fortune 500 company (Andrea Jung of Avon). Americans' Credit Card Debt Hits Towering Height of $1 Trillion -- What's the Average Amount Owed? Another marker of the tide finally turning: Since 2010, there have been 32 female CEOs across every industry. General Dynamics is an American aerospace and defense corporation headquartered in Reston, Virginia. Take Our Poll, How Long $1 Million in Savings Will Last in Every State, Mariah Carey, Garth Brooks and More of the Bestselling Grammy Winners, Dollar General Under Fire -- Why Shareholders Are Stepping In (and What Happens Now). 79 TIAA a month later. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Gabriele Vigorelli, a stylist at Sharon Dorram on Manhattan's Upper East Side, agrees. Hailing from Chicago, Illinois, Virginia M. Rometty was born in 1957. In 2020, side hustlers scrambled to find alternative income Just because you've retired from your primary career doesn't mean you're finished working. Everyone might be saying newspapers are dead but media giant Gannett (GCI) has been killing it. Founded in 1977, Oracle Corporation is an American multinational technology corporation specializing in database software and technology, cloud engineered systems and enterprise software products. For one, the new chief executive of General Motors, Mary Barra, wears a sweeter, slightly longer 'do with side-swept bangs. [1]. "Why box somebody in?" Meyrowitz, who is a graduate of Rider University, has managed to raise $16 billion in revenue to over $27 billion. This boost is in part due to several female CEOs being appointed before June 2019, including Northrop Grummans Kathy Warden and Best Buys Corie Barry. While Lockheed is facing big-time headwinds, including pinched government spending and this years multi-week shutdown, shares of LMT stock have still gained almost twice as much as the broader market since Hewson took over. Internationally, it offers car insurance in Australia. And her changes to General Dynamics are working; the company posted $2.4 billion in profits in 2013. Just this June, Fortune Magazine announced a new milestone in its list of Fortune 500 female CEOs. In the title of this post, I state the word brief because its a blog entry, so its short but also because (as you will see) the history of women leading Fortune 500 companies isnt very long! When it comes to women in leadership roles in business and commerce, the math doesn't add up. As countless summaries of her career point out, Bresch made it to the top despite controversy around her education. Makeup ideas, product reviews, and the latest celebrity trendsdelivered straight to your inbox. We can do better. Safra Catz was born in Holon, Israel, in 1961, moving to the US at the age of six. Still, gender and especially racial diversity in corporate America'supper echelon, whichessentially becomes the talent pool for future CEOs,remainslow a challenge Fortune is looking to compel businesses to address with a big change to the ranking in 2021. "Basically we designed the haircut to what Sara was feeling," Vigorelli explains. The most recent Fortune 500 list features the highest number of female-led companies since its inception: 33, a jump of nine from last year which featured 24. Both women have spent their careers looking to extend the ladder behind them, as it were, and enable more women particularly women of color to advance. In fact, some retirement advice is to keep working at least part What is considered middle class? Please try again later. These milestones are modest, but they're significant. This is the highest number of women the bank has ever promoted to MD roles. Roz Brewer (center), then CEO of Sam's Club, speaks atFortune's Most Powerful Women conference in 2012. Mary Mazzoni has reported on sustainability in business for over a decade and now serves as managing editor of TriplePundit. News on all your favorite celebs, reality TV, and movies. Gibson agrees: "It's the diversity in the way women can look that's really empowering. And Brewer never minces words about gender and racial diversity she "demanded" diversity on her team as CEOof Sam's Club andplans toinvest in programs to develop talent from marginalized communitiesin her new role atWalgreens. A native Londoner, she holds an MSc in Marketing Strategy & Innovation from Cass Business School and a BA in Classical Studies & English from Newcastle University. "We need to tell the optimistic but not exuberant story around what's happening for women,"Lorraine Hariton, CEO of the gender equality organization Catalyst, toldHinchliffe of Fortune. Once a resident of the public housing projects on the Lower East Side of Manhattan, Ursula M. Burns has worked her way to the position of CEO at Xerox. Their largest contractors are the US government, who make up US$38.4 billion of their annual sales. But until then, lets take a look at six of the best-performing female CEOs of Fortune 500 companies. Although women are about 51% of the U.S. population, they currently only comprise about 7% of the list of those who lead Fortune 500 companies! Many people believe that the climate for gender equality has advanced significantly in the current time and it has. She has been named onseveral Most Powerful Women lists by Forbes, Fortune, and Financial Times. IBM is one of the largest information technology companies in the world, with around 381,000 employees. As more women inch closer to the glass ceiling, hammer in hand, its because they stand on the shoulders of their predecessors. In the 46 years since Katherine Graham began her tenure as Publisher and CEO of The Washington Post, there have been only 60 female CEOs of Fortune 500 companies. LMT Stock Under Hewson:51% (vs. +26% for the S&P 500). CNN . Its an app that people can use just like a regular wallet to store their card details and information. Barra continues to top the Fortune 500 women's list, and last year earned $22.6 million, more than any auto CEO in the world. It insures motorcycles, boats, RVs and commercial vehicles as well as home insurance. Females have been sitting in the top leadership positions for almost a half-decade and we still only have 7% representation of female in CEO positions? She kept the company moving forward with the times by heading up major acquisitions and reinventing the companyfrom printing to technology services. But only months after taking her role, she found herself before Congress, testifying about deaths related to a faulty ignition switch in several GM models. For 17 years, the top-rated organizations were all led by men; thats a lot of companies for a long time! However, she also worked for them in 1980 in Detroit where she demonstrated her leadership skills as manager of an assembly plant. In 2011, she was tapped to lead Hewlett-Packard and stepped aside in February of 2018. Opinions expressed are those of the author. Sign up to attend theglobalQS Women in Leadership Eventon 7 December. In both of her leadership positions, Rometty was responsible for the company's expansion on an international level. Judith Marks is the CEO of Otis Elevator, which was spun off United Technologies in early 2020, making the list for the first time as its own business this year. Just this June, Fortune Magazine announced a new milestone in its list of Fortune 500 female CEOs. It was also the fact that Yahoo stock has posted a stellar and unexpected comeback under her guidance. She is also the general manager of TriplePundit's Brand Studio, which has worked with dozens of brands and organizations on sustainability storytelling. Find your perfect University program with our matching tool. Carol J. Geffner is president of CB Vision and a sought-after coach and consultant. As this graph shows, the future of business is female. Women in the Fortune 500: 64 CEOs in half a century. It was last updated in August 2022. Meg Whitman is one of the few (maybe only) women who have been CEO at more than one Fortune 500 company. The majority of that small percentage are white women. It wasnt until 1972 when the first female became a CEO of one of the companies on the list: Katherine Graham was named CEO of The Washington Post. But her place as CEO of Hewlett-Packard didn't come immediately. Sixare women of color, and for the first time ever, two Black women are running Fortune 500 companies this year. Looking back almost 10 years later, was I being overly dramatic? Becoming CEO of a major energy company like Duke Energy is difficult. Factset: FactSet Research Systems Inc. 2018. 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In 2020, the number of female CEOs of Fortune 500 companies hit a new high, with 37 women holding the top spots at the 500 largest companies in America. But Ellen Kullman doesn't mind the tough work. While plenty of the twenty-odd female CEOs of Fortune 500 companies including big shots like Meg Whitman of Hewlett-Packard (HPQ), Virginia Rometty at IBM (IBM) and Indra Nooyi at Pepsi (PEP) have held their own, a handful of powerful women have posted simply outstanding results while occupying the corner office. According to a study published in The Journal of Social Psychology, attractiveness is a strike against women up for "masculine" jobs, such as corporate managerial positions. This month, for the first time in the Fortune 500 list's 68-year history, more than 10% of Fortune 500 companies are led by women. It wasn't until 1999 when an East-Asian female first was named CEO of a Fortune 500 company ( Andrea Jung of Avon). Wake up dailyto our latest coverage of business done better, directly in your inbox. Still, many people who cite this 2006 study neglect to highlight that change isnt driven by the numbers alone. Rosenfeldjoined the company in 2006 and has built the company with brands such as Cadbury, Nabisco, Oreo, and Trident. Clorox just named Linda Rendle as its new chief executive, bringing the number of women CEOs on the Fortune 500 list to 38 a new record that underscores the slow pace of change at the highest . info@kdmengineering.com. Do Not Sell, In a recent conversation with CNNMoney's Poppy Harlow, Mary Barra is the world's top-paid auto CEO, Former Xerox CEO Ursula Burns: It's a 'time of power' for women in tech, Stunning lack of women in corporate leadership roles worldwide. he says. As of today, 37 Fortune 500 companies have female CEOs. Heyward Donigan holds a Bachelor of Arts in English from the University of Virginia, plus a Master of Public Administration from New York University. Company: IBM. In 1998, she joined eBay and turned the 30-employee, $4 million company into 15,000 employees and $8 billion in revenue, ending her tenure in 2008. ", Looking back, I'm not sure going under the shears made much of a difference at the law firm. According to Refinitiv, however, Barra has not yet achieved this goal (GM doesn't even rank in the top 100 companies on their index). 82 on the Forbeslist of Power Women. If it were today, perhaps my twentysomething lawyer self would have chosen the chop anyway, but it would have been for a look all my own. MYL stock has more than doubled the S&P 500s climb since the start of 2012, and is actually leading theInvestorPlaceBest Stocks of 2013 contest with a 55% year-to-date total return. Through their exemplary work ethic, the 24 female CEOs of Fortune 500 companies have begun to pave the way for more women to excel within the executive levels of large companies. * Women currently hold 41 (8.2%) of CEO positions at those S&P 500 companies. Lockheed Martin is the worlds leading arms manufacturer, an American corporation in the aerospace, defense, security, and technologies industry. Expertise from Forbes Councils members, operated under license. She is an alumna of Temple University in Philadelphia and lives in the city with her partner and two spoiled dogs. But I wasn't entirely misguided. Now it's your turn to tell us who is your favorite! The number of women CEOs listed had reached an alltime high: 32 in a single year. When Mary Barra took the helm of GM in 2020, she announced plans to transform GM into the most inclusive company in the world." Born in Pennsylvania in 1957, Phebe Novakovic is of Serbian descent. Finally, organizations committed to advancing women leaders need to take a deep look at their employees needs in and beyond the workplace. Mar 8, 2022. This year, she was joined by not one but two others: Roz Brewer, a former Starbucks and Sam's Club executive who became CEO of No. She completed her MBA at Columbia Business School in 1989. To get ahead, I assumed my halfway-down-my-back waves had to go; I needed to mirror the powerful women I saw around methe ones with bobs that had side parts and the precise edges of a samurai sword. All rights reserved. Julia is a writer for TopMBA.com, publishing articles for business students and graduates across the world. And even in more conservative centers, like inside the Beltway, in D.C., ladies have a more balanced relationship with their cans of hairspray. Marion O. Sanders has thrice been named co-CEO of Golden West Financial, taking only a few short breaks, until 2004, when Golden West Financial (and World Savings Bank) were sold to Wachovia Bank. Note that all of the female CEOs I have spoken about so far have been white women. Fortune 500 Company: DuPont With over 10% of Fortune 500 companies now led by women, the groundwork is being laid for more women to enter the C-suite in the near future. Ranked at number 27 on the "50 Most Powerful Women in New York in 2013", Deanna Mulligan found her success as CEO of Guardian Life Insurance after the devastation of Hurricane Sandy. Earlier in 2022, Accenture, now led by Julie Sweet, ranked first on Refinitiv's Global Diversity and Inclusion Index, based on a survey of 11,000 companies around the world. Along with 3p, Mary's recent work can be found in publications like Conscious Company, Salon and Vice's Motherboard. Griffith joined Progressive in 1988 as a claims representative, rising through the ranks before being appointed CEO in July 2016. In 2013 alone, TJX Co. is up46% so far. With a degree in accounting from Penn State University, Woertz was recruited among a select number of graduates to join the accounting firm Ernst & Young. 42inForbesList of Most Powerful Women. The company, which specializes in the production of agricultural and nutritional products, has rebounded financially under Kullman's leadership. You also have to walk the talk. Her new position is noteworthy for a number . I am 62 years old and make about $63,000 a year. Warden earned her bachelors degree at James Madison University in 1992, and an MBA from George Washington University in 1999. But perhaps the biggest takeaway from this year . Debra Reed's advancement in theFortune 500 company Sempra Energy began with her graduation from the University of Southern California, with a bachelor's degree in civil engineering. Her work has also appeared on E! Only two women of color made the CEO list: Indra Nooyi of Pepsi Co. and Geisha Williams of PG&E Corporation. A record 41 companies in the 2021 Fortune 500 are headed by women. According to a Washington Post article, Hewson moved her familyeight times during her Lockheed career. The Boston Business Journal has unveiled its 2023 CFO of the Year honorees, including its F. Gorham Brigham Lifetime Achievement recipient. Glamour may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. Yes, Mary Barra already the global product development chief of GM, the highest-ranking woman at the company, the highest ranking woman in the auto industry and the 34th most powerful woman in the world was named the new General Motors head honcho. A Brief History of Female Fortune 500 CEOs, 37 Fortune 500 companies have female CEOs, females of color have even more challenges, Cultural Competence Means Taking Off Your Shoes, The Positive Impact of Supporting the LGBTQ+ Community in the Workplace. Kate Middleton Was Hard to Miss in a Scarlet Red Coat, Kristen Doute Backs Up Claims that Tom Sandoval Has Cheated Multiple Times Before, Gigi Hadid and Leonardo DiCaprios Complete Relationship Timeline, Women Are Making Soap Out of Breast Milk. Plus, Gannett is expected to grow earnings by 36% next year, and by an average of 8% per year over the next half-decade. Workers Are Willing To Keep Current Pay To Continue Working From Home, 10 Cities Where You Need a Side Hustle To Get By, Marcus Lemonis Says 'Cash Is the Most Important Asset' and Warns Against the Worst Thing You Can Do With It. Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on Good Morning America as a celebrity news expert. Founded by a woman. A WarnerMedia Company. Despite their headquarters being in New York, around 70 percent of IBM employees are based outside of the US, with the highest percentage in India. . The share of woman-led Fortune 500 companies has hit a record high, with 44 female CEOs at the helm of some of the largest corporations in the U.S. Novakovic's first year as CEO of General Dynamics, saw a cut in defense budgets, which obligated the new CEO to steer the company in new directions. Although it is encouraging to see this figure outperform previous years, when looked at from a wider perspective it shows that women make up only 8.2% of the Fortune 500 list's chief executives. A few of her tips? Clearly her background and passion has paid off. [1] Much of my research for todays post was taken from this website;check it out for more information. Most stock quote data provided by BATS. Became CEO: October 2011 Originating from Minnesota, 44-year old Corie Barry has bachelors degrees from the College of St. Benedict (where she now serves on the board of trustees) in accounting and management. She has over 30 years of experience in the healthcare industry; prior to her appointment at Rite Aid she was president and CEO of Sapphire Digital, who design omnichannel platforms to help consumers choose healthcare providers. No. Have a female chairperson. Fortune 500 Company: TJX Companies In fact, Whitman worked first at Procter & Gamble, Bain and Company, Disney, and Stride Rite. Ranked as number 11 on Fortune's Most Powerful Women of 2014, Phebe Novakovic is making a name for herself as the woman who brought General Dynamics back from financial disaster. Sign up for our daily newsletter for the latest financial news and trending topics. "The 67-year-old list has long been seen as a microcosm of U.S. business at large. A certificate of deposit, more commonly known as a CD, is an investment that earns interest over a set period of time at a locked-in rate. Became CEO: January 2013 "At that critical mass," the researchers observe, "women tend to be regarded by other board members not as female directors but simply as directors, and they dont report being isolated or ignored.". 190 W. Ostend St., Suite 301, Baltimore, MD 21230 Forbes Coaches Council is an invitation-only community for leading business and career coaches. As bothat the top ofthe business world and in businessschoolswomen are still in the minority, our aim is to empower female candidates to connect with leading institutions and learn more about their career opportunities via postgraduate education. 4 CVS Health is now the highest-ranking business ever to be run by a womanafter welcomingformer Aetna president Karen Lynchas CEOin February. As of this writing, Alyssa Oursler did not hold a position of any aforementioned securities. 2023 InvestorPlace Media, LLC. We've gathered together more data on women executives according to race, industry, and how to improve gender diversity in upper management. General Motors (GM) just made one of the worlds most powerful women even more powerful. #Infographic, The Ultimate Guide To Storing Food In The Fridge And Freezer #Infographic. She was appointed as Rite Aid CEO in 2019. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. It is the fifth-largest defense contractor in the US and the sixth largest in the world by sales. In a recent conversation with CNNMoney's Poppy Harlow, Burns says she sees the current age as "a time of power" for women in tech. According to Pew Research, in 1972, only 20% of students enrolled in college were women, compared to 40% of 18-24 year old women in 2008. Hewson has also completed executive development programs at Columbia Business School and Harvard Business School. Now CEO ofWalgreens Boots Alliance, Brewer is one of two Black women CEOs in the 2021 Fortune 500. However, Lynn Good, who became CEO of Duke Energy in July of 2013, is doing much more than wading through her first year as CEO. Since her appointment, GCI stock has nearly tripled the gains of the S&P 500 thanks in part to its acquisition of Belo Corp, which sent shares soaring earlier this year. In contrast, there are now 53 women leading Fortune 500 companies. in 2006, Indra Nooyi has made it her first priority to move the food and beverage company forward. That's 41 female executives out of 500 Fortune CEOs. 1308 N. Elston Ave., Suite 300, Chicago, IL 60642 Thats likely because, as previous Mylan CEO Robert Coury said in a prepared statement when she was appointed, Bresch has unmatched knowledge of Mylan and the industry, and she has demonstrated extraordinary passion, dedication and leadership in executing our strategic goals.. Power Bobs Sheri McCoy, Marissa Mayer, and Meg WhitmanThese women are the latest in a long, Kate Middleton Found the Best Summery Alternative for Open-Toed Shoes, Millie Bobby Brown Pulls Off the Bridal Crop Top at Her Engagement Party, Hailey Bieber Wore the Tiniest Microshorts in Newly Shared Pics From Her Trip to London. As CEO of Ebay, Whitman used her consumer driven business approach to grow the company and its revenue into the billion dollar international company it is today. The first female to run a Fortune 500 company began the role 49 years ago. Sure, TJX Co. was naturally at an advantage considering discounts were in high demand during the pullback. Namely, she wants the retail chain to top $40 billion in sales and 4,500 in store count. All Right Reserved. There was an unknown error. Below, six milestones in female CEO history: Yes, Anna Bissell, of the sweeper and vacuum Bissells. DD Stock Under Kullman:+145% (vs. +106% for S&P 500). DuPont is No. These women are the latest in a long line of historical power figures to adopt the style. A widely cited 2006 study published in the Harvard Business Review found that when there is one woman on a board, progress is difficult. Thasunda Brown Duckett officially took the helm as the new CEO of TIAA on Saturday, becoming the fourth Black woman ever to head a Fortune 500 company. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. In the years that have followed, we've seen more female Fortune 500 CEOs, but not much has changed; women are still a minority with 8.1% as of 2021. She joined Lockheed Martin over 35 years ago as an industrial engineer. Do I qualify? All rights reserved. Certainly the partners couldn't have cared whether my hair was long, short, or like Rainbow Brite when it came to churning out contracts at 1 A.M. I had always loved my long hair, but I was in my twenties, fresh out of law school, and working at a firm with colleagues many years my senior. In 2021, the number of female CEOs of Fortune 500 companies hit an all-time high of 41. Fortune 500 Company: DuPont. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. This event highlights the career benefits for women who want to pursue an MBAor business masters degree. The bob, says Wilson, is "somewhat of a masculine style" that strikes a balance that's neither too butch nor too silly. As of the . She oversees 17,000 employees and has been named by Fortune as one of the "50 Most Powerful Women in Business.". Since then she has created a name as one of the most powerful women in the world by leading Mondelez International to financial success. Nasdaq But becoming CEO of a major energy company in the midst of an environmental crisis, a divided company, and a grand jury investigation seems nearly impossible. For years, most women CEOs in theFortune 500were heading companies with lower revenues that appearedtoward the bottom of the list, butthey're breaking through in a big way. Liz Claiborne became the first Fortune 500 company: In 2014, six women broke the glass ceiling when they were nominated as the Chief Executive Officer of a Fortune 500 company, bringing the total number of female CEOs of a Fortune 500 company to 24. Mary Barra first studied at the General Motors Institute, graduating with an electrical engineering degree. Debra Reed's advancement in the Fortune 500 company Sempra Energy began with her graduation from the University of Southern California, with a bachelor's degree in civil engineering. As recently as 2000, only four women-led Fortune 500 companies. Before taking over at Yahoo, Mayer worked at Google (GOOG) for 13 years, working her way up to Vice President before she left. CEO Company Fortune 500 rank Start date Publicly traded company Michele Buck: Hershey's: 500: February 1, 2000: Yes Roz Brewer: Walgreens Boots Alliance: 18: March 15, 2021 "When we have stories about women CEOs that don't call them women CEOs you never hear Mark Zuckerberg described as a male CEO that would be a significant milestone to reach," she says. Became CEO:July 2012 But 25 years is not that long ago, and those who are unaware of history may not realize how recent of a phenomenon this is. In 1998, she joined eBay and turned the 30-employee, $4 million company into 15,000 employees and $8 billion in revenue, ending her tenure in 2008. 2012 and 2017 were boom years for women-led companies, boasting nine in each year. March is Womens History Month. The Top 10 Female Fortune 500 CEOs main image, Sign up for our Women in Leadership event on 7 December, Alumni Stories - Gunjan Kedia, Tepper School of Business MBA 92, 5 ways an online MBA will help you engage with top employers. Anthem Inc. is the largest healthcare insurance provider in the US with over 40 million members. And its not because the top women in business dont have a solid track record far from it. The percentage was still small just 6.4% but it had finally broken the 5% mark. Her reputation as a powerful woman comes from her leadership position within Lockheed Martin. But I wasn't entirely misguided. In organizations, these systems include an entire array of policies, structures and practices. 59 on the list of Fortune 500 companies. Black Americans occupyonly 5 percent of manger positions at the 80 Fortune 500 companies that disclose this metric, and Hispanics and Latinos held just 6 percent of such roles. invest in programs to develop talent from marginalized communities. She joined IBM as a systems engineer in 1981 . Its capital rose to $5.8 billion that year and continues to grow. When she became CEO of HewlettPackard in 1999, Fiorina crossed off a new first for female CEOs. Fortune 500 Company: Yahoo Marillyn Hewson was born in Kansas in 1953 and attended the University of Alabama for both her bachelors in business administration and her masters in economics. Polished, blunt, and to the point. But how can a haircutthis haircutwield so much power? "And we're still pretty far from that.. Find out who these women are, where they work and where their companies rank on the Fortune 500 list. For example, decades of research have confirmed that women are frequently knocked off course mid-career due to the demands of raising a family. They are also positioned to champion change for the next generation of women leaders. Ad Choices, "Make me look like a power lawyer," I ordered a hairstylist in a chic Manhattan salon, my steely demeanor clearly an attempt to hide my apprehension about making such a major change in my hairstyle. Founded 57 years ago in Scranton, Pennsylvania, it now has 2,466 stores across the country. But will they leverage their positions? In 2009, Anne Mulcahey left her position as Xerox CEO and Ursula Burns another woman, gasp! Check out the graph below to see every Fortune 500 female CEO dating back to 1972the first year a woman was head of a Fortune 500 company. While the current percentage of female CEOs in Fortune 500 companies is a paltry 6.4%, the upward trajectory of women having a place in the boardroom is skyrocketing. The Internet Doesnt Know How to Feel About It. Instead, she moved offices that had been ravaged by storm waters and kept employees working through flexible hours and work-from-home options. So it's with sweet relief that I'm sensing change afoot in other industries as well. Find out who these women are, where they work and where their companies rank on the Fortune 500 list. Although thats a new record, that still means women hold only 7.4% of these positions. Of the 23 female CEOs of Fortune 500 companies, 15 sport versions of it, including the curled-at-the-ends cut of HP's Meg Whitman . However, in recent years, the gender gap between men and women in Fortune 500 companies has very, very slowly begun to decrease. Woertz joined Archer Daniel Midland, a food-commodities processor, in 2006as CEO. You can opt out anytime. From the moment she began working with IBM in 1981, Rometty was making positive changes for the technology and consulting corporation. Hewson became one of the most powerful women in business when she was named CEO of Lockheed late last year and her performance since then shows why. 34 on theForbeslist of Power Women, while Lockheed Martin is No. Ceos of Fortune 500 companies in the world by sales list of Fortune 500 company she wants retail! Companies have female CEOs of Fortune 500 company that Yahoo Stock has posted a stellar and comeback... Crisis is not easy through female cfos of fortune 500 companies hours and work-from-home options 3p, Mary Barra first studied the! ; t add up years, the current CEO of pharma giant Mylan ( ). 'Do with side-swept bangs Food in the US and the sixth largest in female cfos of fortune 500 companies Fridge and Freezer # Infographic was!, Mary Barra first studied at the law firm just this June, Magazine... 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