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. Became CEO: January 2009 It turns out there are scientific reasons behind the trend. Of course, the companys stake in Alibaba has played a large role in that as well and Marissa Mayer will have to work hard to keep the search company chugging along once Alibaba goes public. With the departure of Xerox's Ursula Burns in 2013, there are no longer any AfricanAmerican women topping Fortune's list. 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. *Note: This list has been updated to reflect the 2017 Fortune 500 list, which adds two companies Reinsurance Group of America, and Margaret Keane, CEO of Synchrony Financial with female CEOs. Became CEO: October 2011 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). "So that womantowoman succession is a milestone and makes it almost more a norm of having exceptional woman leaders.. And its not because the top women in business dont have a solid track record far from it. "Fashion and hair are ways to express yourself or to get attention, but for many women who have a seat in the boardroom, that's not what they want to be noticed for," says Sophie Eden, who has been conducting executive searches for a decade and cofounded the London recruitment agency Gordon & Eden. CNN . A record 41 companies in the 2021 Fortune 500 are headed by women CEOs. GOBankingRates then found each female CEOs (1) name, (2) age, (3) titles held, (4) current board memberships, (5) company industry, (6) company headquarters location, (7) company Fortune 500 rank, (8) company revenue in millions, (9) company profit in millions and (10) companys number of employees. It insures motorcycles, boats, RVs and commercial vehicles as well as home insurance. While these numbers may not sound like a cause for celebration, they are when one considers the history of women achieving top leadership roles in business. Shortly after, she joined Gulf Oil Corporation and became an integral part of their audit team. The number of women running Fortune 500 companies has hit an all-time record of 37. it hollered. Namely, she wants the retail chain to top $40 billion in sales and 4,500 in store count. YHOO Stock Under Mayer: +155% (vs. +33% for S&P 500). But her place as CEO of Hewlett-Packard didn't come immediately. Fortune 500 Company:Lockheed Martin It is the fifth-largest defense contractor in the US and the sixth largest in the world by sales. 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. If you're angling to open a second income stream, the first thing you probably want to know about any side hustle you're considering is what it pays -- but what Can you get paid to spend your days outside this summer? he says. Consider applying today! Do I qualify? These offers do not represent all available deposit, investment, loan or credit products. 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. Check out the graph below to see every Fortune 500 female CEO dating back to 1972the first year a women was head of a Fortune 500 company. I have $56,000 in a 401(k) and regular IRA, and an additional One of America's favorite discount destinations and its fastest-growing retailer, Dollar General, is feeling the heat as employees and labor advocates demand better safety and health protections. Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Publishing these kinds of numbers takes guts,Craig wrote on Fortune. After earning aBachelor of Science in computer science and electrical engineering, Virginia M. Rometty began a career that would be filled with success. There is no doubt that Marillyn Hewson is a powerful woman. In 2021, the number of female CEOs of Fortune 500 companies hit an all-time high of 41. "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. Female CEOs hold the reins at fewer than 5% of Fortune 500 companies even factoring in the General Motors news. 72 on the list of Fortune 500 companies, while Kullman is No. 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. 15 Debra L. Reed. Without question, the 53 women now leading Fortune 500 companies are in a prime position to transform their companies. On Lead Read Today, I have written extensively about the challenges women leaders face. 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She is also a mother and a wife. However, in recent years, the gender gap between men and women in Fortune 500 companies has very, very slowly begun to decrease. Fortune 500 Rank: 38. [1] Much of my research for todays post was taken from this website;check it out for more information. Have a woman serve as CEO. Company: IBM. Just this June, Fortune Magazine announced a new milestone in its list of Fortune 500 female CEOs. And the woman at the top during its recent run has been Gracia Martore. And as I have written about, females of color have even more challenges as leaders. So it's with sweet relief that I'm sensing change afoot in other industries as well. She earned her bachelors degree from The Wharton School of the University of Pennsylvania in 1983, followed by a J.D. But it is an important step toward making meaningful progress. While the rise of women CEOs, particularly women CEOs of color, in the Fortune 500 is a positive sign of things to come, companies need to do more if they hope to fulfill thecommitments to equity and justice they made following the murder of George Floyd. Warden joined Northrop Grumman in 2008, serving as vice president of the companys cybersecurity business before being appointed as CEO in 2019. She worked at various healthcare firms in the US including Aetna, BlueCross BlueShield of Illinois and UnitedHealthcare, before being appointed CEO of Anthem in 2017. The first-ever womantowoman succession at Xerox also announced the promotion of Ursula Burns, a one-time Xerox intern who rose to the highest position in the company. The bob, says Wilson, is "somewhat of a masculine style" that strikes a balance that's neither too butch nor too silly. "It's not long, long hair, but the length gives her versatility and playfulness and also the feeling of being sensual. Like it or not, rewarding individuals and teams for making measurable progress on DEI priorities matters. 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. Find out which of your favorite artists made the list. In 2014, six. Barra will replace current General Motors CEO Dan Akerson on Jan. 15, bumping the disappointing number of female CEOs at Fortune 500 companies just slightly. As this graph shows, the future of business is female. But Mayer is likely up for the task considering she is not just one of the most powerful women in tech, but one of the most experienced. Before taking over at Yahoo, Mayer worked at Google (GOOG) for 13 years, working her way up to Vice President before she left. 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. Despite this disappointing representation, the female CEOs in . For example, decades of research have confirmed that women are frequently knocked off course mid-career due to the demands of raising a family. 108 in the 2014 Fortune 500 listing. GOBankingRates has identified the most trusted and sought-after financial experts in America. Clearly her background and passion has paid off. As of March, there were 74 female CEOs employed at America's 500 highest-grossing companies, up from 41 in June of . Though the graph shows Susan M. Cameron as Reynolds American CEO in 2004, in 2001, she actually was named head of Brown & Williamson, a major cigarette company that later merged with Reynolds. We can do better. Although this was the case in the past, sexism still exists (as I have written about), however it is often more pernicious and hard to pinpoint than before. "You're taking a chance with a different hairstyle.". 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). Find out here if you are in the middle class. Below, six milestones in female CEO history: Yes, Anna Bissell, of the sweeper and vacuum Bissells. The business world has been dominated by men for decades. When it comes to women in leadership roles in business and commerce, the math doesn't add up. Top financial executives at a . In light of its last day for 2021, I thought it would be interesting to talk about the history of women leading Fortune 500 companies. 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. We've gathered together more data on women executives according to race, industry, and how to improve gender diversity in upper management. Here at Lead Read Today, we endeavor to take an objective (rational, scientific) approach to analyzing leaders and leadership. Get your weeklydose of analysis on rising corporate activism. She had already worked at Mylan for two decades when she was appointed head honcho in late 2011, effective at the start of 2012. And according to the study, women with shorter hair are perceived as more intelligent and confident than those with longer styles. In fact, Whitman worked first at Procter & Gamble, Bain and Company, Disney, and Stride Rite. 34 on theForbeslist of Power Women, while Lockheed Martin is No. Hailing from Chicago, Illinois, Virginia M. Rometty was born in 1957. Andrea Keeney is a freelance writer, blogger, and aspiring author. All rights reserved. News on all your favorite celebs, reality TV, and movies. Even though the number of female CEOs is up, that's still only 7.4% of the Fortune 500 ranked . This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Glamour may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. 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. She attended Illinois State University for her undergraduate degree and has also completed an advanced management program at The Wharton School. Sign up to attend theglobalQS Women in Leadership Eventon 7 December. She completed her MBA at Columbia Business School in 1989. The effect of my short chop? Wake up dailyto our latest coverage of business done better, directly in your inbox. But until then, lets take a look at six of the best-performing female CEOs of Fortune 500 companies. 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. She became SoCalGas' first female officer in 1988 before she moved to Sempra Energy, a Fortune 500 company which provides electricity and natural . MYL Stock Under Bresch:+99% (vs. +43% for S&P 500). You calibrate, decide, and go forward with commitment.". In January of 2014, Mary Barra was named the first female CEO of General Motors. Only time will tell if Mary Barra can lead GM to similar new heights. Measuring and tracking progress is a powerful way to motivate employees to recognize and embrace an organizations diversity, equity and inclusion (DEI) agenda. In early 2023, women leaders reached a new milestone. A record 41 companies in the 2021 Fortune 500 are headed by women. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. As one of the largest providers of IT services and systems integration to the U.S. federal government, Lockheed Martin deals mainly in security and aerospace. Founded by a woman. quotes delayed at least 15 minutes, all others at least 20 minutes. When it comes to women in leadership roles in business and commerce, the math doesnt add up. She became SoCalGas' first female officer in 1988 before she moved to Sempra Energy, a Fortune 500 company which provides electricity and natural services to over 31 million consumers worldwide. 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. Currently, I'm putting $300 a month into my Roth IRA and $700 a month into my pension. Meg Whitman is one of the few (maybe only) women who have been CEO at more than one Fortune 500 company. Mary Barra first studied at the General Motors Institute, graduating with an electrical engineering degree. Northrop Grumman is an American global aerospace and defense technology company. Since Bresch officially took over, Mylan has been solid. It communicates the importance of this strategic priority and can add a sense of urgency to the agenda. Sure, TJX Co. was naturally at an advantage considering discounts were in high demand during the pullback. She is the author of Building a New Leadership Ladder. These women have excelled in their careers through hard work and constant dedication to the vision and dream they have for themselves and the companies they work for. She completed her MBA from Stanford Graduate School of Business in 1990. That style remains the most powerful haircut in the United States. Katharine Graham became president of The Washington Post parent in 1963, but when she became CEO in 1972, she broke a new barrier for female CEOs. Opinions expressed are those of the author. "Basically we designed the haircut to what Sara was feeling," Vigorelli explains. . The CEO since 2013, Hewson previously held many other high-level positions at the company, including Senior Vice President of Corporate Shared Services. In most cases, biases dont just live in individuals, but in systems. 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. The Progressive Corporation is an American insurance company founded nearly a century ago in 1937. This explains why women still lag behind men in leadership roles, even in female-dominated sectors like healthcare and education. She attended Northwestern University from 1975 to 1979, on a scholarship from General Motors, completing a bachelor's in computer science and electrical engineering. Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on Good Morning America as a celebrity news expert. Social Security: No Matter Your Age, Do Not Claim Benefits With the Biden administration's student loan forgiveness plan running into a wall of legal challenges -- Supreme Court hearings have begun concerning the legality of the plan -- many borrowers might You're beyond excited to be going on vacation, but you need someone to handle at least one of your responsibilities at home while you're away. 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. Makeup ideas, product reviews, and the latest celebrity trendsdelivered straight to your inbox. The Jan. 1, 2023 start dates of five new Fortune 500 chief . 82 on the Forbeslist of Power Women. These women are the latest in a long line of historical power figures to adopt the style. 1125 N. Charles St, Baltimore, MD 21201. 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Photo Disclaimer: Please note photos are for representational purposes only. 2012 and 2017 were boom years for women-led companies, boasting nine in each year. She oversees 17,000 employees and has been named by Fortune as one of the "50 Most Powerful Women in Business.". She also works with nonprofits on media projects, including the women's entrepreneurship coaching organization Street Business School. She's quickly becoming thought of as the visionary that will turn around Duke Energy's situation. 2023 3BL Media & TriplePundit. Find your perfect University program with our matching tool. 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. 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. Stellings views this 2009 transition as one of the most important moments in the history of female CEOs. She pointed to her CEO experience as evidence of her leadership capability when she was on the campaign trail in 2016, but her tenure at HP was marred by layoffs and a tech recession. This next company thats been blowing away the broader market under the leadership of a female CEO may come as a bit of a surprise. But when three or more women are on a board, dynamics shift. Your email address will not be published. Article printed from InvestorPlace Media, https://investorplace.com/2013/12/female-ceos-fortune-500-companies/. 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. And she's not afraid of her company's need to change with the times. Became CEO:July 2012 Why is it important to talk about womens history? 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. But Accenture may not hold the title forever. IBM is one of the largest information technology companies in the world, with around 381,000 employees. 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. 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. Became CEO: January 2009. Her reputation as a powerful woman comes from her leadership position within Lockheed Martin. According to Refinitiv, however, Barra has not yet achieved this goal (GM doesn't even rank in the top 100 companies on their index). Hewson has successfully lead the company through defense spending cuts as well as difficult economic times. She joined IBM as a systems engineer in 1981 . 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. 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. 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! Fortune worked withRefinitiv on a programcalledMeasureUp toencouragecompanies to track and share their diversity numbers. She is also the general manager of TriplePundit's Brand Studio, which has worked with dozens of brands and organizations on sustainability storytelling. Now CEO ofWalgreens Boots Alliance, Brewer is one of two Black women CEOs in the 2021 Fortune 500. Became CEO: January 2013 And even in more conservative centers, like inside the Beltway, in D.C., ladies have a more balanced relationship with their cans of hairspray. 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. General Dynamics is an American aerospace and defense corporation headquartered in Reston, Virginia. * Women currently hold 41 (8.2%) of CEO positions at those S&P 500 companies. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. 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. Just this June, Fortune Magazine announced a new milestone in its list of Fortune 500 female CEOs. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. In her spare time she enjoys jogging, crossfit, and anything health related. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. 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. And for the first time, two Black women Roz Brewer from Walgreens Boots Alliance and . And 20 years ago, there was only one female of color. 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. With the departures of Avon's Sheri McCoy and Mondelez, Inc.'s Irene Rosenfeld, two female CEOs leading major companies, the number of women leading in the business world drops yet again. 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. 3) Virginia M. Rometty. stepped into the C-suite. General Motors (GM) just made one of the worlds most powerful women even more powerful. 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 . Her mission for the future of GM is to bring about a "new GM". Published: August 7, 2017; CNN's Ivory Sherman contributed to this report. Their largest contractors are the US government, who make up US$38.4 billion of their annual sales. 1251 N. Eddy St., Suite 200,South Bend, IN 46617, 312.763.2198 (Chicago) 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. 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. 4 CVS Health is now the highest-ranking business ever to be run by a womanafter welcomingformer Aetna president Karen Lynchas CEOin February. The Internet Doesnt Know How to Feel About It. 190 W. Ostend St., Suite 301, Baltimore, MD 21230 Yes, it's Carly Fiorina former Republican presidential candidate and Ted Cruz's former running mate. Power Bobs Sheri McCoy, Marissa Mayer, and Meg Whitman. As a result, building organizations that work for women and other underrepresented groups requires a systemic transformation, including an overhaul of all human resource systems, especially those related to recruitment, onboarding and performance evaluation. Her work has also appeared on E! Still, few companies do: A little over half (262 companies) in the 2021 Fortune 500reported some level of race and ethnicity data, but a mere18 companiesreport the fullest breakdown of their U.S. workforce (across Black, Hispanic, Asian and Other minorities, and the proportions of these groups in the workforce, management and board, plus racial pay gap data),"David Craig, CEO of Refinitiv, wrote in an op/ed on Fortune. 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. 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? It's not enough to talk about diversity, equity and inclusion. 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. "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. Six are women of color, and for the first time ever, two Black women are running Fortune 500 companies this year. As of this writing, Alyssa Oursler did not hold a position of any aforementioned securities. That style remains the most powerful haircut in the United States. Yet, the new high still only translates to around 15 percent female representation at the top of the country's biggest public businesses. ". Maybe. 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. Most of us have heard the adage, What gets measured gets managed. This adage also seems to hold true when it comes to moving the dial on equality in the workplace. "The 67-year-old list has long been seen as a microcosm of U.S. business at large. Morningstar: 2018 But most, including Midge Wilson, Ph.D., a professor of psychology and women's studies at DePaul University in Chicago, agree that it came about in the 1910s and '20s when women began entering the workforce and believed long hair was a hindrance to doing their jobs. According to Rometty, "Growth and comfort don't co-exist. Irene Rosenfeld graduated from Cornell University with a Bachelor of Arts in Psychology before receiving her Master's Degree and PhD in Marketing and Statistics. 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. 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 almost 10 years later, was I being overly dramatic? (When I switched careers, I let my own blunt cut grow longer with soft, easy layers.) Born in 1960, Gail Koziara Boudreaux attended Dartmouth College for her BA, where she was also an outstanding player for the Dartmouth Big Greens Womens basketball team. Visualistan All Right Reserved, Female CEOs of Fortune 500 Companies #infographic, Fictional Cars and Fictional Features #Infographic, The Secret Formula for Perfect Low Sugar Smoothies #Infographic, Traditional Wedding Food from Around the World #Infographic, Sweet Sparks: 16 Creative and Easy S'Mores Variations #Infographic, What Do Those Lights On My Dashboard Mean #infographic, Michael Jordan VS LeBron James: Who Is the GOAT? 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. "We have to own our position in the world and be strong and aggressive about it," she said. 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. Disclaimer. March is Womens History Month. Your source for leadership and management best practices. 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. The first female to run a Fortune 500 company began the role 49 years ago. Methodology: GOBankingRates identified the 25 largest 2020 Fortune 500 companies in terms of revenue with female CEOs. Lines and paragraphs break automatically. This event highlights the career benefits for women who want to pursue an MBAor business masters degree. They recently developed the award-winning X-47B, the worlds first unmanned, autonomous air system operating from an aircraft carrier. Obviously its not because women didnt possess the skill, talent, intelligence, or business acumen to run major corporations; its because there wasnt enough opportunity. Female CEOs of Fortune 500 Companies: Ellen Kullman. Gibson agrees: "It's the diversity in the way women can look that's really empowering. in 2006, Indra Nooyi has made it her first priority to move the food and beverage company forward. 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. "Why box somebody in?" 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. In 2011 she join the Hewlett-Packard team as CEO and is still taking risks: She recently announced that the billion dollar technology company will be splitting and venturing into new technology-driven investments. Women in the Fortune 500: 64 CEOs in half a century. Additionally, women as leaders face issues of not being seen as fitting the role as well as at times being set up for failure all of which can be exacerbated by being one of few women in her work environment. But how can a haircutthis haircutwield so much power? Expertise from Forbes Councils members, operated under license. Since her promotion to CEO of IBM in 2012, Rometty has been working to keep the company moving forward with technology. Privacy Policy. 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. Hailing from Chicago, Illinois, Virginia M. Rometty was born in 1957. As of today, 37 Fortune 500 companies have female CEOs. ", 2023 Cond Nast. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. While the road is long and delayed, some women have made such indelible marks as female CEOs that they repeat themselves, sometimes three times! 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. When Mary Barra took the helm of GM in 2020, she announced plans to transform GM into the most inclusive company in the world." Plus, Gannett is expected to grow earnings by 36% next year, and by an average of 8% per year over the next half-decade. 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. Seeing things change, albeit slowly, is an encouraging sign for the future of racial and gender diversity in corporate America's top brass, but there's still plenty of work to do. 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. From the moment she began working with IBM in 1981, Rometty was making positive changes for the technology and consulting corporation. Founded 57 years ago in Scranton, Pennsylvania, it now has 2,466 stores across the country. Only 8.1 percent of the companies on the latestFortune 500 listare run by women, but that's still the highest percentage ever seen. Everyone might be saying newspapers are dead but media giant Gannett (GCI) has been killing it. In 2012, Mulligan didn't let the storm slow her company's growth. The effect of my short chop? 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. And she hasnt just stayed with Lockheed because its was the path of least resistance. 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. Vertex Pharmaceuticals, led by . Andit wasnt just her no-shit telecommuting policy or glamorousVogue feature that had people talking. Since then, though,DD stock has been beating the market handily. She joined Lockheed Martin over 35 years ago as an industrial engineer. Shop Pay is an innovative payment solution developed by Shopify. "Take me seriously!" Women CEOs are taking over the Fortune 500. Looking back almost 10 years later, was I being overly dramatic? 42inForbesList of Most Powerful Women. And her changes to General Dynamics are working; the company posted $2.4 billion in profits in 2013. 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We also know that introducing affordable or free onsite childcare (and subsidizing offsite childcare) reduces attrition rates. All rights reserved. As of the . Best Buy was originally founded in 1966 as a specialty audio store called Sound of Music. Based on the data available, "the numbers remain daunting," McGirt wrote. 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. She excelled inall of her positions within each company but felt compelled to take a risk and join a brand new auction site; Ebay. 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. Factset: FactSet Research Systems Inc. 2018. The pandemic did not give birth to the gig economy, but it sure did help it grow up a lot quicker. 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. 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. As Barra takes over at GM, check out a few other top women. It soared. When Mary Barra became CEO of General Motors in 2013, she also became the firstever woman to lead an automaker a huge milestone in the history of the maledominated industry. 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. I am 62 years old and make about $63,000 a year. Rosenfeldjoined the company in 2006 and has built the company with brands such as Cadbury, Nabisco, Oreo, and Trident. All rights reserved. #Infographic, The Ultimate Guide To Storing Food In The Fridge And Freezer #Infographic. As more women inch closer to the glass ceiling, hammer in hand, its because they stand on the shoulders of their predecessors. A WarnerMedia Company. She has had leadership roles such as, Senior Vice President of Global Business Services and Senior Vice President and Group Executive of IBM Sales, Marketing and Strategy. To revisit this article, select My Account, thenView saved stories. Marillyn Hewson is No. Gabriele Vigorelli, a stylist at Sharon Dorram on Manhattan's Upper East Side, agrees. You can opt out anytime. The number of women CEOs listed had reached an alltime high: 32 in a single year. Roz Brewer (center), then CEO of Sam's Club, speaks atFortune's Most Powerful Women conference in 2012. As a coach and consultant, my advice is simple. Sign up for Lead Read Review, our newsletter featuring the most popular content from Lead Read Today! Becoming CEO of a major energy company like Duke Energy is difficult. 5 Artificial Intelligence Stocks to Buy Before They Skyrocket, This No-Name Street in San Francisco Is the Birthplace of the Next Big Megatrend, Louis Navellier and the InvestorPlace Research Staff, Miracle Psychedelics Could Save Lives and Mint Millions, 7 Long-Term Stocks to Buy and Hold Until 2033, 7 Deeply Undervalued Growth Stocks to Buy in June, 3 Penny Stocks to Buy Before They Soar to New Heights in 2023, Dear MULN Stock Fans, Mark Your Calendars for June 26, 3 Top-Rated Large-Cap Stocks to Buy (and Never Sell), How Past Female CEOs of Fortune 500 Companies Have Fared. Now it's your turn to tell us who is your favorite! However, the tide is changing and more females are poised to break the glass ceiling, paving the way for more equal opportunities. A few years later, Marion Sandler became co-CEO (with her husband Herbert) of Golden West Financial, but it was over a decade later (1986) when Linda Wachner became the third Fortune 500 female CEO (she led Warnaco Group). The percentage was still small just 6.4% but it had finally broken the 5% mark. Founded in 1908, GM has grown into a multinational corporation that designs and produces vehicles used worldwide. Hewson has also completed executive development programs at Columbia Business School and Harvard Business School. 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. However, in recent years, the gender gap between men and women in Fortune 500 companies has very, very slowly begun to decrease. 2021 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. Became CEO: January 2007 Forbes Coaches Council is an invitation-only community for leading business and career coaches. 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. Polished, blunt, and to the point. Born in Pennsylvania in 1957, Phebe Novakovic is of Serbian descent. While Kullman has worked at DuPont for 25 years, she wasnt promoted to the top spot until 2009. Graham frequently found herself to be the only woman in a male-dominated room the newsroom in meetings and on the American Newspaper Publishers Association. 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. All times are ET. Some historians say it was even inspired by Joan of Arc, the ultimate woman of power. All data was gathered on and up to date as of Feb. 17, 2021. Instead, she moved offices that had been ravaged by storm waters and kept employees working through flexible hours and work-from-home options. 79 TIAA a month later. Fortune 500 Company: Gannett Middle Class can vary by state and a range of incomes fall under middle class. Martore has worked at Gannett for almost 30 years, and was named chief executive on Oct. 6, 2011. With a Bachelor's degree from Princeton and a Master's degree from Harvard Business School, Margaret Whitman was clearly searching for an executive career. So, how does one build a truly inclusive company? Patricia Woertz is no stranger to the tough and often male-dominated world of business. But will this new milestone open doors for more women leaders in the future? 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. please contact us for assistance. As a result of her innovation and determination, Guardian Life Insurance saw its largest dividend payout to whole-life policyholders in its history. Disclaimer A few of her tips? When she became CEO of HewlettPackard in 1999, Fiorina crossed off a new first for female CEOs. As countless summaries of her career point out, Bresch made it to the top despite controversy around her education. Note that all of the female CEOs I have spoken about so far have been white women. As recently as 2000, only four women-led Fortune 500 companies. She has done this by making big deals and acquisitions. That style remains the most powerful haircut in the United States. Fortunately, there are indications that the women currently leading Fortune 500 companies seem to be up for the challenge. It was last updated in August 2022. The number of women CEOs listed had reached . She was appointed as Rite Aid CEO in 2019. 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). under which this service is provided to you. 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. 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. Of course, Hewson is pretty darn familiar with the ins and outs of the Lockheed Martin business considering shes been an employee for three decades. The continued increase does show progress, with Fortune themselves speculating that the rise in female CEOs is in part due to increased diversity on the board level 15 years ago women made up 15.7 percent of board seats in the Fortune 500; now its 25.5 percent. He's the man behind Spanx founder Sara Blakely's bouncy feminine 'do, and he flat-out refuses to cut generic bobs for his clients.
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