Sep 22, 2022, 07:00 ET WASHINGTON, Sept. 22, 2022 /PRNewswire/ -- On the occasion of National Women's Business Day, Women Business Collaborative (WBC), Ascend, C200 and Catalyst have. Its community includes the most successful women entrepreneurs and corporate business leaders who have joined together to change the face of business leadership. Offers may be subject to change without notice. Women make up 58% of the American workforce, but when it comes to leadership positions at . "If not us, who?" In all, the census report uncovered that 17.5% of board seats were occupied by Fortune 500 minority CEOs. She started off her tenure by creating a viral TikTok audio clip, in which she promised that "the rats don't run this city, we do." 9, CVS ranked No. - Abolished or not? Before C&J, van Gaalen was CFO of Kennametal, a global provider of metalworking products and tools. Sign up for theFortune Features email list so you dont miss our biggest features, exclusive interviews, and investigations. This past year, the index gained five women CEOs.8. Women are 8.2% of Fortune 500. "It goes beyond the numbers to provide insight into what's happening and why, adding . In the last 12 months, Land O'Lakes Inc. appointed Beth Ford as president and CEO; Northrop Grumman Corporation appointed Kathy J. Estelle Brachlianoff was promoted to CEO of French utility business Veolia Environnement in July. In late October, 25-year-old Shanquella Robinson from North Carolina traveled to San Jos del Cabo. For private companies with revenues greater than $1 billion, there are 58 female CEOs and 6 are among the top 50 companies in that . How do you get to the C-suite? In 2021, TIAA ranked No. After CVS, which ranks at No. 3 46 What Percentage of CEOs Are Women? NPR, - Rats don't run this city. You can read more about why Bergh chose Gass to succeed him at Levis here. Jane Fonda is back in Washington, D.C., to protest inaction on climate change. "The Women CEOs in America Report offers much more than just data related to women leading the country's major corporations," said Edie Fraser, CEO of WBC. The S&P 500 went from 30 women last year to 32 in 2022. Wahba writes: Kohls is one of Levis largest wholesale accounts, meaning Gass and Bergh have known each other for years. One new entrant to this year's female CEO cohort is Centene's Sarah London, a former company board director and vice chairman who was tapped as the chief executive of the $126 billion health care company when her predecessor left for medical leave in March. Thirteen of the 24 female leaders of Global 500 businesses are also CEOs of Fortune 500 companies. The compilation includes undergraduate, post-graduate, and honorary . Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell My Personal Information| Ad Choices Sign up for theFortune Features email list so you dont miss our biggest features, exclusive interviews, and investigations. Jane Fraser, who took over at Citi in March of 2021, was the first female CEO of a . 39 . All three of these women have retained their jobs, as have most other female CEOs who ran Fortune 500 companies at this time last year. The number of women-led Fortune 500 companies reached 44 in 2022a record high but still a . Changes on this year's list are admittedly less excitingbut still important. With so many PepsiCo alumni mimicking the companys leadership development programs at the corporations they end up running, the playing field for women could be leveled at organizations beyond the drinks and snacks giant. The Fortune 500 will lose another woman CEO once Kohl's chief executive Michelle Gass departs for Levi's November 10, 2022 By Emma Hinchliffe and Paige McGlauflin Newsletters Being the. McKesson 10.. One of only two Black female CEOs in the Fortune 500, she. The disparity is even larger when you consider only CEOs. The slow progress is in line with the Fortune 500, which ranks the largest companies by revenue in American business. Jessica Tisch is New York City's new sanitation commissioner. CEOs and boards need to take more action to demonstrate that diversity and inclusion are a necessity, not a nicety. 2022 Fortune Media IP Limited. 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. 8.2% last year, when women led 41 of the 500 companies, running companies on the list for the first time, separation from British financial services business Prudential, Elon Musk is selling Twitter HQs espresso machines, Eames chairs, and sculptures in a giant auction, Elon Musks Neuralink staff claim his demands to rush brain implant trials led to the needless deaths of 1,500 animals, Men are dropping out of the labor force because theyre upset about their social status, according to a new study, CA Notice at Collection and Privacy Notice. While the numbers rise in the Fortune 500, the promotion of women of color lag across the indices which include the Fortune, S&P 500 and Private companies. Women tend to run companies that are smaller than the corporate behemoths that make up the Fortune 10 or Fortune 100. Elon Musk is selling Twitter HQs espresso machines, Eames chairs, and sculptures in a giant auction, Elon Musks Neuralink staff claim his demands to rush brain implant trials led to the needless deaths of 1,500 animals, Men are dropping out of the labor force because theyre upset about their social status, according to a new study, CA Notice at Collection and Privacy Notice. Lauren Hobart, Beth Ford and Mary Dillonthree alumnae of PepsiCo who became Fortune 500 CEOs. Columns include Fortune Rank, Company Names, Headquarters Addresses, City, State, Zip Codes, Headquarters Phone Numbers, CEO Name, CEO Title, Ticker, Industry Sector, Headquarters, Website URL, Number of Employees and more. So history suggests its going to be near mission impossible to avoid a hard landing.". For more information and to download a copy of the report, visit www.wbcollaborative.org. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell My Personal Information| Ad Choices View original content to download multimedia:https://www.prnewswire.com/news-releases/8-8-fortune-500-ceos-are-women---the-highest-of-all-indices--according-to-the-women-ceos-in-america-report-2022--301630455.html, Hongkongers Are Getting Loans Regardless of Credit, https://www.prnewswire.com/news-releases/8-8-fortune-500-ceos-are-women---the-highest-of-all-indices--according-to-the-women-ceos-in-america-report-2022--301630455.html. After dipping in 2018 to 24, the past four years have marked new record highs for female Fortune 500 chiefs. According to executive search firm Crist Kolder Associatess volatility report, as of July 31, 7.3% of CEOs in the Fortune 500 and S&P 500 are women, compared to 6.9% in all of 2021. Jackson Financial joined the Fortune 500 this year after its 2021 separation from British financial services business Prudential; CEO Laura Prieskorn has led the business since February 2021. But when asked how data policy management efforts may exist two years from now, 46% said customer trust and engagement would be a priority, making it the top incentive for the future noted by the respondents. Advocacy. General Motors CEO Mary Barra announces a $7bn investment, the largest in the company's history, in electric vehicle (EV) and battery production in Michigan on 25 January 2022. And for the first time, two Black women Roz Brewer from Walgreens Boots Alliance and . . FORTUNE may receive compensation for some links to products and services on this website. Published by Statista Research Department , Sep 30, 2022. All Rights Reserved. and Clarisa Diaz Published May 24, 2022 The number of female CEOs on Fortune's list of the 500 largest companies in the US rose to a record high this year. Offers may be subject to change without notice. While the number of women CEOs who run businesses on the list can fluctuate throughout the year, its a useful snapshot of the corporate leadership zeitgeist. She was found dead on that trip, with her friends claiming she died of alcohol poisoning. "The Women CEOs in America Report offers much more than just data related to women leading the . CNN, - Standing strong. Gass, a Starbucks veteran, joined Kohls in 2013 as chief merchandising and customer officer and was promoted to CEO in May 2018. FORTUNE may receive compensation for some links to products and services on this website. Exxon Mobil 7. Not everyone. How has the number of female CEOs in Fortune 500 companies changed over the last 20 years? Women currently lead 24 of the 500 companies that appear on the Fortune list, which ranks the largest companies by revenue worldwide. Bill Pugliano/Getty Images. From giants like Best Buy, Rite Aid, and Kohl's to the most influential defense, insurance, and financial companies, more powerful corporations are being headed by the most powerful . From giants like Best Buy, Rite Aid, and Kohl's to the most influential defense, insurance, and financial . When taking a look at the Fortune 500 list, which ranks Americas largest companies, the total number of women who are CEOs is now 44, up from 41 in 2021. All rights reserved. More specifically, 11.8% of board seats in 2020 went to minority men, and 5.7% went to minority women. By Vanessa Fuhrams. This indicates that "FP&A practitioners have normalized a level of customer support and ad hoc activity that is not sustainable without increased staffing," according to AFP. Weve made steady progress, but its nowhere near the speed wed like it to be, says Lorraine Hariton, president and CEO of the womens leadership nonprofit Catalyst. Cara Lyttle. How do you become CEO? DD Stock Under Kullman : +145% (vs. +106% for S&P 500) One of the most powerful women in . Hollub doesn't just stand out for her Buffett-backed performance as CEO, but also because she's one of only four women to lead an energy company on the Fortune 500. Powered and implemented by Interactive Data Managed Solutions. Women run 12 Fortune 100 businesses in total and across the broader Fortune 500, they run five health care companies; seven retailers; and nine financial services businesses. Her new position is noteworthy for a. Not everyone ends up in the C-suite, of course, but the formal structure has made it easier for PepsiCo to identify and nurture female talent in its ranks. Women have the option to volunteer. Timm, who joined Kohls in 1999, held several leadership roles across finance before becoming CFO in November 2019. 2022 Fortune Media IP Limited. There are some new female leaders of Global 500 companies this year. The African-American CEO in office the longest was Kenneth Chenault, at American Express for 16 years, from 2001 through 2017 (#74 in 2001, #86 in 2017). According to USA Today, only 16 women have headed up Fortune 500 companies at the same time. Apple 4. November 1, 2022. Ten women who accused Cleveland Browns quarterback Deshaun Watson of sexual misconduct attended his game on Sunday. Women. 4, there's a significant gap before Walgreens appears as the next woman-led company, coming in at No. The minimum annual revenue to make the list was $6.39 billion this year. 44 companies on the 2022 FORTUNE 500 are led by women CEOsan all-time high. Indeed, this year's numbers depict the continuation of slow-but-steady growth for women leaders in corporate America, albeit not as eventful as last year's ranking. Terms & Conditions. Congratulations to our CEO Thasunda Brown Duckett, one of Fortune's 2022 Most Powerful Women. Powered and implemented by Interactive Data Managed Solutions. In his piece, Why Levi Strausss CEO thinks Michelle Gass is the right person to succeed him despite her trouble turning Kohls around, he examines Gasss tenure and what Bergh thinks of her leadership. In all, 20 African-Americans were Fortune 500 CEOs between 2000 and 2020, 18 men and two women (neither of whom was still in office in 2020). Have a productive Monday. On May 1, TIAA welcomes Thasunda Brown Duckett, its first African American female CEO and the fourth Black woman CEO in a Fortune 500 company. Tom Kingsbury, a company director and the former CEO of Burlington Stores, was appointed theinterim CEO at Kohls while the company looks for a permanent replacement for Gass. We are more than ready and will bring to the positions not only multicultural and multi-faceted perspectives, experiences, and wisdom, but the fortitude and resilience from having had to forge through multiple barriers and glass ceilings along the way all strengths that will help our companies thrive in an increasingly complex and interconnected world!" Racial and ethnic diversity among Fortune 500 female CEOs is about the same as last year; the vast majority of women who run Fortune 500 businesses are white. Terms & Conditions. Berkshire Hathaway 8. Some of the companies on the Global 500122, to be exactalso appear on this years Fortune 500. This is the web version of CFO Daily, a newsletter on the trends and individuals shaping corporate finance. Previously, he was CFO of C&J Energy Services, a provider of oilfield services. But the lackluster numbers were despite Gasss success building a niche for Kohls in activewear, now 25% of sales, for example, and progress in e-commerce with online sales now totaling $6 billion a year, he writes. Thisreport provides a comprehensive breakdown of women running Fortune 500, Fortune 1000, Russell 3000, S&P 500, Private Companies over $1 billion, and women entrepreneurs over $500 million. As the number 4 company on the Fortune 500 list overall, CVS Health's Karen Lynch also became the highest-ever ranked female CEO. The revenue threshold for 2022 FORTUNE 500 list was $6.4 billion, . Although Fortune's entire 2022 report looks at 1,000 companies, which features 83 women CEOs, this list only highlights the 46 who appeared on the Fortune 500. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. New York Times, Sisters of the moon: Christine McVie and Stevie Nicks' unbreakable bondRolling Stone, The strength of the 'soft daddy' The Atlantic, Why Roberts and Kavanaugh got so furious at Biden's solicitor generalSlate. On Dec. 1, former Unilever executive Gina Boswell will become CEO of Bath & Body Works. Founded in 1962, Catalyst drives change with preeminent thought leadership, actionable solutions, and a galvanized community of multinational corporations to accelerate and advance women into leadershipbecause progress for women is progress for everyone. Women CEOs and leaders in government tangibly demonstrate the talents, skills, and contributions that women bring to their companies and their communities. . There is still significant progress to be made to seat more diverse CEOs at the head of America's largest companies. " The numbers are slightly ticking up. The report was highlighted on Day Two of the WBC Action For Impact Annual Summit. 16. Other women-led American businesses to appear on the list include Best Buy (led by CEO Corie Barry); Citigroup (led by CEO Jane Fraser); and TIAA (led by CEO Thasunda Brown Duckett). Younger workers are bringing a strong desire for greater tolerance and inclusion previously unseen. For example, agile finance leaders are more than 50% faster at re-forecasting than their peers, requiring an average of 9.4 days to re-forecast compared to 14.5 for others in their field, the research found. Research estimates that women own 40% of all companies in America, with Black and Latina founders starting businesses in record numbers. Became CEO: January 2009. Hi-pos have included former PepsiCo CEO Indra Nooyi, who led the company between 2006 and 2018. - Keke Palmer announcing her pregnancy during her Saturday Night Livemonologue. Offers may be subject to change without notice. Congratulations to our CEO Thasunda Brown Duckett, one of Fortune's 2022 Most Powerful Women. Forty-three percent of PepsiCo managers are female. Contrast that to the opacity that commonly disadvantages women elsewhere. November 3, 2022. The number of female CEOs employed at America's 500 highest-grossing companies is rising, but still only 15 percent of the top jobs are held by women. In a 2018 Fortune profile of Gass, Bergh praised her analytical rigor, saying, she had dug into consumer data insights and really tried to understand what Levis needed from Kohls and was a really quick study.. Elon Musk is selling Twitter HQs espresso machines, Eames chairs, and sculptures in a giant auction, Elon Musks Neuralink staff claim his demands to rush brain implant trials led to the needless deaths of 1,500 animals. Female CEOs join the rarified group when theyre hired or promoted into the chief executive job, or if their company makes the Fortune 500 as a new entrant. C200is a women's business leadership organization whose mission is to educate, inspire, support, and advance women in business. A decade ago in a Forbes article I wrote that we needed to have 50 Fortune 500 women CEOs. If you purchase the 2022 Fortune 500 List we will give you the Fortune 1000 List for free. Stacker looked at all the women CEOs of the 2022 Fortune 500 companies. PepsiCo is considered one of the most successful academy companies, corporations that have a rigorous, highly refined leadership development program that makes them veritable CEO factories. The 2021 Fortune 500 list featured two Black women, Walgreens Boots Alliance CEO Roz Brewer and TIAA CEO Thasunda Brown Duckett, running companies on the list for the first time. Mauricio Gutierrez, Enrique Lores and Ramon Laguarte are just three of the 16 Hispanic CEOs of S&P 500 companies. All rights reserved. Make Your Money Work Better for You Rosalind Brewer: Walgreen's Boots Alliance Rosalind Brewer was appointed the CEO of Walgreens Boots Alliance in March 2021 and is one of the two Black women who have led a fortune 500 company. Thasunda Brown Duckett, TIAA president and CEO, talks about the need to diversify executive ranks of Fortune 500 companies. Now she's working on fulfilling that pledge. Current women of color who are CEOs of the S&P 500 include: Roz Brewer, CEO of Walgreen Boots Alliance since 2021, is a Black woman. Offers may be subject to change without notice. At Bath and Body Worksthe former L BrandsSarah Nash took over this month as interim CEO after her predecessor stepped down for health reasons. The Tuesday appointment of Lauren Hobart as the new chief executive of Dick's Sporting Goods Inc. DKS -1.12% brings the number of women running the . Best Universities collected information on the schools that the top 10 women Fortune 500 CEOs attended, using company websites, news coverage, and LinkedIn. WASHINGTON, Sept. 22, 2022 /PRNewswire/ -- On the occasion of National Women's Business Day, Women Business Collaborative (WBC), Ascend, C200 and Catalyst have released the third annual. Corporate leaders, both male and female, must step up and serve as mentors and sponsors to early and mid-career women. In addition to being four of the 46 women CEOs in the Fortune 500, they also spent a significant portion of their careers at food and beverage conglomerate PepsiCo, where they honed the skills that got them to the corner office. She's glad to be back, saying, "Cancer is scary, but the climate crisis is scarier." Through collaboration, advocacy, action, and accountability, we mobilize thousands of diverse professional women and men, business organizations, public and private companies to accelerate change. Even though the number of female CEOs is up, that's still only 7.4% of . FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. TIAA, a Fortune 100 financial services. When a promising manager starts to garner notice at PepsiCo, earning the untold status of hi-po or hi-potential person, she or he gains access to training programs, stretch assignments in other divisions or international markets, and even a P&L, all benchmarks for rising in the ranks and eventually landing in C-suite jobs. In total, FORTUNE 500 companies represent two-thirds of the U.S. GDP with $16.1 trillion in revenues (up 17%), $1.84 trillion in profits (up 114%), $37 trillion in market value (up 13%), and. Here are 3 skills leaders need to navigate uncertainty, according to LinkedIn. 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. Mentors and Sponsors Matter. According to Fortune, the following is the list of the top 10 highest-paid female CEOs of 2021 and their companies: Karen Lynch, CVS Health Jane Fraser, Citigroup Julie Sweet, Accenture Carol Tom, UPS Mary Barra, General Motors Rosalind Brewer, Walgreens Boots Alliance Gail Boudreaux, Anthem Abigail Johnson, Fidelity Investments Ellen Cooper this month will become CEO of Lincoln National, the $19.2 billion financial services business where she has spent a decade as chief investment officer. Terms & Conditions. New York Times, - On the front lines. Congratulations to our CEO Thasunda Brown Duckett, one of Fortune's 2022 Most Powerful Women. Veteran economist Nouriel Roubin, professor emeritus at New York Universitys Stern School of Business and the CEO of Roubini Macro Associates, told Fortune. State media later questioned the news, though local reports have confirmed that the country is reviewing its mandatory hijab law. Christel Heydemann became CEO of the French telecommunications business Orange in April. We share this report to hold companies accountable for ensuring women, especially women of color, have equitable access to leadership opportunities and networks for advancement." At most companies, its a black box, said Jane Stevenson, global leader for the CEO succession practice at consulting firm Korn Ferry. Plus: Iran considers abolishing its morality police and Jane Fonda is protesting again. Change must start at the top. Phil Wahbaphil.wahba@fortune.com@philwahba. The Fortune 500 traditionally has had a higher representation for female CEOs than its global counterpart. MOVERS AND SHAKERS:The Milwaukee Brewers promoted Marti Wronski to COO, making her the only woman in Major League Baseball with a COO title. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. That's up from 8.2% last year, when women led 41 of the 500. Subscribe here. Sign up to get it delivered free to your inbox. But Mexican authorities are now investigating Robinson's death as femicide, or a gender-based hate crime. The Fortune 500, which ranks the 500 largest U.S. companies by revenue, is viewed as a microcosm of the overall U.S. business landscape. The failure of both cohorts to add a greater number of women to their ranks was also influenced by low CEO turnover overall during the pandemic. CVS, Walgreens and TIAA are also staples of DiversityInc's annual Top 50 Companies for Diversity competition. Warden as CEO; and Best Buy appointed Corie Barry, who will step into her role on June 1. All courtesy of companies Forty-three percent of PepsiCo managers are female. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell My Personal Information| Ad Choices Other such companies include, Insight Enterprises CEO Joyce Mullen and CFO Glynis Bryan; Jackson Financial CEO Laura Prieskorn and CFO Marcia Wadsten; and Bath & Body Works Executive Chair and Interim CEO Sarah Nash and CFO Wendy Arlin. Sacchetti has served for the past six years as director of financial planning and analysis for the company. There is tremendous growth in the number of women starting businesses. Women run just 4.8% of the companies on this years Fortune Global 500 lista minuscule share that reflects barely any progress for female CEOs around the world over the past year. states Anna Mok, President & Chair, Ascend, "This year the numbers of CEOS hit a record high of 44 and this report highlights what we've long known about women's advancement to the top job in the C-suite: The progress is slow, but it is possible" states Lorraine Hariton, President and CEO, Catalyst. 10 on the Global 500 and No. The game was Watson's first regular season game after an 11-game suspension. Congratulations to our CEO Thasunda Brown Duckett, one of Fortune's 2022 Most Powerful Women. One of only two Black female CEOs in the Fortune 500, she works to break down barriers to financial security for all. The number of female CEOs in the Fortune 500 has hit a new record May 22, 2019. . "In U.S. history, over the last 60 years, there has never been an episode where inflation was above 5% and unemployment was below 5% [when] the Fed started raising rates and avoided a hard landing. #BeTheChange Powered and implemented by Interactive Data Managed Solutions. Only consulting firm McKinsey and fading industrial giant General Electric have produced more of todays Fortune 500 CEOs than PepsiCos total 16. All Rights Reserved. WASHINGTON, Sept. 22, 2022 /PRNewswire/ -- On the occasion of National Women's Business Day, Women Business Collaborative (WBC), Ascend, C200 and Catalyst have released the third annual report highlighting women CEOs in America! On the average, compensation among current female CEOs is approximately $10.8 million which is not too different from Fortune 500 average of $12 million. Amazon.com 3. Posted Monday, December 5, 2022 12:00 pm Women CEOs of the S&P 500 (List) Nov 30, 2022 English This list names all the women who currently hold CEO positions at S&P 500 companies, based on the January 2022 S&P 500 list. Historical Women CEOs of the Fortune Lists: 1972-2022 (List) May 27, 2022 English Fortunemagazine annually ranks the largest companies in the United States by revenue. "We need to defend our children," one volunteer says. News outlets reported yesterday, based on comments from Iran's attorney general, that Iran had abolished its morality police, a target of the women's rights protests of the past several weeks. In Summer of 2022, 8.8% of CEOs are women and today women are 9% of CEOs in the Fortune 500. What do Dicks Sporting Goodss Lauren Hobart, Hersheys Michele Buck, Land OLakess Beth Ford, and Foot Lockers Mary Dillon all have in common? 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