Sonia Syngal stepped into the Gap Inc. CEO role in March 2020, just as the pandemic altered the world of retail. LowneyJen, CC BY-SA 4.0 via Wikimedia Commons. As a result, the companys revenues in 2021 soared to $142 billion, a 13% increase from 2019 while its stock has risen by a whopping 50%. 3 . These kinds of stereotypes are fine if only taken in light fun, but the problem is, many people actually believe them and start to demean women, which leads to troubles. Im excited to be on this list because it's good to show other future female founders that the B2B space is a great place to start companies.. With 5.4% female CEOs as compared to 5% female CEOs in 2021, the increase is just 0.4%. Now all employees have a position of $15,000 or greater., I just felt this real sense of burden, like I had to get things right.. With no events or in-person work, customers didnt need nice clothing items. What do Bumble, YouTube and Heineken have in common? American motoring seems to run in the blood of Mary Barra. Search. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Many of the top 10 women CEOs maintained their position from 2021, whereas some have moved up in rank. Indeed, she was able to save the 50-year-old company from bankruptcy by venturing into the graphics and video game chip market. UPS focuses on end-to-end customer experience with seamless tracking and reliable delivery. Historical List of Women CEOs of the Fortune Lists: 19722022, Page 2. She was elected to join Lockheed Martins board of directors in 2012 and took the role of CEO in 2013. Aman Bhutani, GoDaddy. After earning her bachelors degree in economics from Cambridge University in 1988, she worked for Goldman and Sachs in London and then Asesores Burstiles in Madrid. Two of the CEOs are Black women, one CEO is transgender, and one CEO sits within the top five largest companies overall. As of 2020, the Rosewood Hotel Group announced 32 new projects in its development pipeline the most ever in the companys history. Revenue: US$15 billion (2019) Catalyst accesses the list annually to create our CEO list and adds updates throughout the year when possible. It's also not because men have been far more intelligent or superior in mental capabilities than women. 6 . Good is the CEO of the company and has been since 2013. In 2021, Blakeley sold the majority stake in her company for $1.2 billion. November 10, 2021 By Samantha Kelly Sarah Leary, co-founder of Nextdoor. Growing up, Cheng was able to see how her father and grandfather gained the respect and loyalty from their teams in order to work towards a goal. Catz is credited for Oracles aggressive acquisition strategy, which resulted in over 130 acquisitions made by the leading software firm. She came over to the U.S. in 2013 for an internship and has remained since, headquartering Shippo in San Francisco. Company: Heineken USA Although this years list features more women-led companies than there have been in previous years, there are still pitfalls within the startup space that need to be addressedparticularly the funding gap. As a PhD student Su became one of the first researchers to shed light on an unproven technique for improving semiconductor technology. Opinions expressed by Forbes Contributors are their own. Olivia Rodrigo album For the few women who sit atop S&P 500 companies, thinner paychecks as median compensation slips 1 of 6 | This combination of photos show the five top paid women CEOs in 2022. She ranks ninth on Fortunes 2022 Most Powerful Women list and 16th on Forbes 100 Most Powerful Women in the World 2022. NEW YORK (AP) - Last year was a mixed bag pay-wise for the women who run companies in the S&P 500 -- compensation increased for more than half of them, but the median pay package fell 6%. Women now outnumber any single male given name in the S&P 500. Catalyst. At the age of 27, she was running In-N-Out at a time when it was generating an estimated US$550 million in sales across 251 locations. During her time as chief executive, Barra has built a company that upholds equality, inclusivity and diversity, with General Motors scoring highly in gender equality reports and being one of two global companies to have no gender pay gap in 2018. 20 Customer-Focused Companies Led By Women - Forbes When she became CEO of Citigroup in 2021, Jane Fraser became the first woman to run a major Wall Street Bank. There's progress in the top ranks of . Ten Female Leaders Shaping the Technology Industry | Whispir After pursuing her MBA, she pursued leadership roles, becoming the president of Cigna Dental and then Magellan Health Services. Putting customers first helps Clorox expand beyond just a product company as Rendle leads the charge to develop Cloroxs larger portfolio. She is number 21 on Forbes 100 Most Powerful Women in the World 2022 list and commands the sixth position on Fortunes 2022 Most Powerful Women list. Following closely are Rosalind Brewer, CEO of Walgreen Boots Alliance, and Mary Barra, CEO of General Motors. Named the most powerful woman in business in 2021, Karen Lynch became the president and chief executive officer of CVS Health (the fourth biggest US company by revenue), in February 2021. Age: 37. Shed eventually find herself in a marketing role for Intel and it was here that a mutual friend introduced her to Larry Page and Sergey Brin, the founders of Google. Source: Bloomberg. Thanks to her leadership, CVS was at the forefront of the COVID-19 pandemic response, administering over 34 million vaccine doses across the US. SEE ALSO She also holds a spot on the Americas Richest Self-Made Women list. But here's a list of public companies and the visionary women entrepreneurs who helped launch them. The company is one of Israels fastest growing startups, with a valuation of $3.7 billion and a year-over-year revenue growth rate of 300%. The biggest companies with woman CEOs have been ascertained using the Fortune 500 Global ranking of the biggest companies in the world by revenue as well as the Fortune 500 list, since the. Liv Garfield worked her way up to the top of Severn Trent, a leading UK company responsible for supplying clean water to over 8 billion people. The company started out as a small design company for yearbooks and has since catapulted into a $40 billion powerhouse. CEOs of CVS Health, U.K. insurer Aviva, and China's Ping An Insurance make up the small group of female chief executives at the world's largest companies by revenue. For Mathilde Collin, the CEO of Front, one of the newcomers to the 2022 Cloud 100 list that is ranked at 100, the dearth of women in the space is shocking. This just shows the power that these women have in today's corporate world. All rights reserved. The heiress of the popular fast-food chain has taken the business to new heights making it one of thebest places to workin the US. With increased visibility during the pandemic, Clorox expanded its CX efforts with chatbots to answer common questions and a robust library of self-service information. Because my strong personal belief is it is those moments that cause you to grow the most yourself, but that also differentiate you the most in your career. Barry ranked 18th amongFortunes Most Powerful Women of 2022. Total revenue of the company in 2019 (in billions of dollars): 39. Catalyst also maintains an historical list ofwomen CEOs that have appeared on the Fortune list from 1972-2022. The acquisition deal was the largest in professional services history at the time and it introduced IBM into the services business. 548227, reg. In the recent wave of neobanks, Lilac Bar David is a rare female founder. Spanx (Sara Blakely, Founder and CEO). After a short stint working with orphanages in SouthEast Asia post-graduation, Wolfe Herd joined Hatch Labs at age 22. The signature flame logo is a reference to her having to use small sticks (tinder) to start the fireplace at her fathers cabin in Montana. ", Employee quote about the CEO: "Transparent, empathetic, experienced, open, and trustworthy. Previously, she was executive vice president of CVS Health and the president of Aetna, the corporation's. The company is valued at $3 billion, something that the cofounder and CEO attributes to LaunchDarklys ability to cater to its customers and employees needs. According to Pitchbook, companies solely founded by women only accumulated 2% of all VC-backed funding between 2020 and 2021, while companies with at least one female founder received 15.6% of funding. Even as of Oct. 10, 2022, the market share of S&P Global BMI Index makes it to 74%. Revenue: US453.76 billion (2018) 18 . But the two transitioned into shipping once they noticed that their peers who owned other online stores faced challenges with sending their products out to customers. ", Best Buy, Corporate News and Information. Toms efforts to cut costs and increase efficiency showed in UPS stock doubling in just her first few months. I just felt this real sense of burden, like I had to get things right, Peacock said. Look at any nation, any culture and you'll see that it has been run by men while women have had, to put it kindly, a subservient role. This compensation may impact how and where listings appear. December 1, 2021 By Gabrielle Olya John F. Martin / General Motors There are currently 30 female CEOs of S&P 500 companies a mere 6% of the top spots, according to Catalyst. Brewer, the first woman and Black COO of Starbucks, helped to spearhead diversity initiativesincluding racial bias trainingand tie executive pay to diversity targets. Since then, Good American has expanded into other items. Since assuming her current role, Best Buys annual revenues and stock value has risen steadily, allowing the company to grow further and maintain its position as a leading online retailer. In fact more than 57% of the women in the United States are not working, despite the joblessness caused by Covid-19 for millions of Americans, which has hurt the growth of women in working fields. She would eventually reach the senior vice-president role there before moving to join Oracle in 1999 holding that same title. Susan Wojcicki took the helm of YouTube in 2014 but long before her rise as the video-sharing platforms CEO, she was already an entrepreneur paving her way as one of todays highest performing female CEOs. This belief has further been lent credence by many major religions as well, which deem men as protectors of women and do not allow women to go out of the house unless there's a vey valid reason and even then to cover themselves completely from head to toe. Catalyst. Gensler is the worlds largest architecture firm and has designed buildings and corporate campuses around the world. Company: IBM Her earliest jobs included being an undergrad research assistant, building test silicon wafers for graduate students. In 1979, she kicked off her career at the General Motors Institute. She is the highest-ranking female CEO in the Fortune 500 and oversaw CVSs massive vaccination effort. 2020 has still been a landmark year for women, who have made their presence felt across several industries, nations and companies, to become the CEO of these companies and help them grow further. 25. After her father stepped down as CEO of Wegmans Food Markets, Wegman took up the reins of the family business. Being born into one of Hong Kongs richest families may have opened up countless opportunities for Sonia Cheng but make no mistake, shes already made her own mark since stepping out as the 30-year-old CEO of the Rosewood Hotel Group. Su was naturally inquisitive from a young age, explaining that she wanted to be an engineer because she wanted to know how things worked. Melina started writing for CareerAddict back in 2019, and she largely covers workplace issues, career development, internships and student life. CEOs act as the company's public face and make major corporate decisions. *The S&P 500, published by Dow Jones, is not a static list. It's not like men have consisted of a significant majority, as even now, the global population is more or less equally split between the genders. Of the 343 CEOs in the compensation survey of S&P 500 companies done by the AP and Equilar, only 20 were women.Because they are a small group, changes in pay for only a few can easily skew the overall figures. ALSO READ Worth: US$1.1 billion The company itself contracts to Americas most high-profile organisations including surveillance and information processing for the CIA, FBI, IRS, NSA and The Pentagon. After tensions with company executives, Wolfe Herd left Tinder in 2014 and created her own dating app designed to give women more control. With a bachelors degree in engineering and product design from Stanford University, Nahm began her career at Google as a speechwriter for Marissa Mayer before joining the product team that successfully launched Google Chrome. Mary Barra shattered the glass ceiling when she was named CEO of GM in 2014, making her the first female CEO of a big-three automobile company. Rosalind Brewer, CEO of Walgreens Boots Alliance, runs the 18th-largest company by revenue. This also earned her the title of the first female chief executive officer in the firms history. Wanting to pursue her own projects, she founded Lever with the aim of creating a platform that would modernize recruitment software. Below is an incomplete list of such women. Catz oversaw the US$10.3 billion takeover which also earned her the CFO role. As of the end of 2022, the largest Fortune 500 companies with women CEOs include CVS Health, Walgreens Boots Alliance, General Motors, Anthem, Citigroup, United Parcel Service, Best Buy, Progressive, TIAA, and Oracle. Indeed, working as the Director of Emerging Markets at Fannie Mae earlier in her career, she oversaw the implementation of nation-wide strategies that aimed to increase homeownership among Black and Hispanic Americans. A number of women have risen to become top executives of major corporations. Women are counted in our list starting on the date they officially take their positions. 1. The share of female CEOs of Fortune 500 companies reached an all-time high of 7.4% in 2020, with 37 women heading major firms. There wasnt anything too extraordinary with her upbringing, having completed school before studying law at university. Here, we meet 8 women CEOs and 2021 Technology Pioneers, who are working to change this statistic. Ranking 16th on Forbes' 100 Most Powerful Women list in 2021, Gail Boudreaux has unquestionably made her impact on the business world. Disclosure: No position. However, thats still a smaller percentage than the total number of female founders across all unicorns, which Crunchbase data shows is 12%. Those plans shifted when she discovered her interest in technology. Brainstorm Health via Flickr CC BY-NC-ND 2.0. One of the largest insurance companies in the US, it is headed by Tricia Griffith who was appointed as the CEO back in 2016. Age: 39. After working at Kraft/Nabisco for 17 years, where she wore several executive hats, including Senior Vice President and General Manager for Kraft Confections, she joined The Hershey Company in 2005. There were doubts that she would be able to live up to her father and grandfathers legacy but today shes changing that perception thanks to the humility instilled in her from strong family values. Theres no doubt that women leaders are powerful proponents of customer-centricity and innovation. This list names all the women who currently hold CEO positions at S&P 500 companies, based on the January 2023 S&P 500 list.*. Now shes the CEO of one of the biggest tech companies in the U.S. Intercom, poised at the number 35 spot on this years list, is a $1.2 billion customer communications platform with high profile clients like Meta, Contentful and Microsoft. Barra eventually moved into a range of engineering and administrative positions within the GM group before managing an entire assembly plant. Her idea struck gold, and today VIPKid is the biggest K-12 online English language platform in the world, giving over 200,000 students access to English instructors from across North America. As the rescue efforts continue, here are three scenarios of what could have happened. Best Women CEOs - The Motley Fool As a child, visiting Hersheys for a factory tour with her family, Michele Buck could have never imagined that she would one day be leading the $27 billion company. Jane Fraser has an impressive rsum. Watters was the featured speaker at a breakfast . Prior to her current role, she was the CEO of Chase Consumer Banking (a division of JP Morgan) and Chase Auto Finance before that. These powerful female entrepreneurs are leading the way for women around the globe and changing the business world for the better. Following the death of co-CEO Mark Hurd, Catz became the sole CEO in 2019. Her father passed away when she was nine and she credits her leadership skills to her mothers ability to raise five children on her own. A record number of women are now running Global 500 businesses - CNBC As of the end of 2022, 52 women were CEOs of Fortune 500 companies, approximately 10% of the total. According to the most recent Global Gender Gap Report, it will now take 135.6 years to reach gender parity, up from about 100 years in 2020. Carol Tom came out of retirement to run UPS in June 2020 at the height of the pandemic and immediately prioritized a plan for holiday logistics and delivery of the COVID vaccine. But that's not all. Snyder has formed a realcompany cultureand invests time in her staff members by arranging trips, days out, company perks and decent wages. For Mathilde Collin, the CEO of Front, one of the newcomers to the . She started her career as a banker and investment banker and then progressed to the managing director role at Lufkin & Jenrette. However, a few cracks appear here and there. She became the chief financial officer in 2016 and was named CEO in 2019. I was put in this job not because I am a woman. One 2021 analysis of Pitchbook data pegged the number of enterprise tech companies with at least one female founder at just 2%. Revenue: $US79.59 billion (2018) Only 15 Percent of CEOs At Fortune 500 Companies Are Female - Statista Today, 23andMe is considered a pioneer company in biotechnology and genomics and the only FDA-approved personal genetics firm. With improving womens lives at the center of everything the company does, The Honey Pot Company has grown into a multi-million-dollar business with more than 30 plant-based feminine care products. And while women are continuing to break glass ceilings, it's clear they have a long way to go for full equity at the executive level. Dicks Sporting Goods made a fast and effective pivot to digital services and curbside pickup during the pandemic and has seen incredible growth and innovation with increased demand for outdoor, fitness, and sporting gear. Mar 8, 2022. [1] [2] As of Dec 7, 2022, women were CEOs at 9.4 percent of Fortune 500 companies. She joined Aetna in 2012 as vice president and head of specialty products and became the companys first female president in 2015, a role she retained even after CVS Health acquired Aetna for $69 billion in 2018. Unfortunately, Fortune 500 Global only shows us 13 women CEOs, which shows the lack of diversity in countries across the world. Her expertise is the result of an extensive and multi-faceted career. General Motors (Mary Barra, Chair and CEO). Corie Barry., CNBC. The API search and discovery platform sits at number 39 on this years list. She was the youngest CEO of a Fortune 100 company at the time. 12 . Barra started her career with GM in 1980 as a . Mary Barra. Worth: US$217 million (estimated) Lynch is moving CVS from a typical drugstore into a healthcare hub with fresh store layouts, healthcare partnerships and innovative technology to drive personalization. List of female top executives - Wikipedia No Black or Hispanic women head Fortune 500 companies, while three Asian American women serve as CEOs. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Ranking fourth, Barra is the first female CEO of General Motors and pretty much the first for a major automobile company in the United States. Which of these powerful CEOs is your favorite? Lynsi Snyder meanwhile was an unlikely CEO. In 2008 alone it received US$36 billion in government contracts the most for any company in history. Named Citigroup's CEO in 2021, Jane Fraser became the company's first female CEO and the first to run a Wall Street bank. Griffith ranks 51st among Forbes 100 Most Powerful Women in 2022 and 25th among Fortunes Most Powerful Women of 2022. June 22, 2023 6:36 PM PT. Girl Power: The Richest Women in the World. Most of the featured CEOs rank both in Forbes' World's Most Powerful Women list and Fortune's Most Powerful Women list. Mi herself is a self-taught learner who began studying the language by using any English magazines and cassette tapes she could find. As of May 2022, there were two Black women CEOs of Fortune 500 companies. Previously, Barry held positions including chief financial and strategic transformation officer and CFO. With a BA in English Language and Literature from the University of Sheffield, Melina is an avid reader and an active member of the European Youth Parliament. Wojcicki started her first business at the age of 11, going door-to-door selling spice ropes plaited yarn threaded with spices in her hometown of Palo Alto, California. Revenue: US$162 million (2018) This years list features eight women-led startups out of 100, up from six last year, that focus on edtech, ecommerce, SaaS, and more. Occidental is engaged in hydrocarbon exploration, and has a worldwide presence. In 2017, Fortune magazine named Su one of the Worlds Greatest Leaders. That unique structure, led by co-CEOs Diane Hoskins and Andy Cohen, helps Gensler innovate to best serve its global clients. Company: AMD 10 female CEOs that are leading the business world in 2021 The 25 best CEOs of large companies, ranked by female employees. Joint Statement from the United States and India She wrote for the school newspaper before studying humanities in college and taking on her first computer science class. Women, women of color, women born outside of the United States, and LGBT women are underrepresented in the Fortune 500. In the 24 months post-appointment, female CEOs saw a 20% increase in stock price momentum and female CFOs . Corie Barry begun her career as a public accountant for Deloitte and Touche LLP but, following an interview with a Best Buy company representative, she decided to quit her job and join the company as a financial analyst in 1999 after being impressed by its culture. What does your Macbook, Sonys PS4, Microsofts Xbox One, the latest Samsung smartphone and a UAV military defence drone have in common? When Carol Tom joined UPS, she became the companys first outsider CEO and the first female chief executive officer. This English-teacher-turned-entrepreneur was determined to create an accessible educational tool that could help students access helpful resources and learn the language. Before becoming CEO in October 2021, Didem Catalogulu was DIREXYON Technologys Chief Revenue Officer. Alex Konrad and Michaella Huck contributed to reporting. New Walgreens CEO Roz Brewer Will Be the Only Black Woman Chief Executive in Fortune 500., Fortune. Theres some cause for hope, though: Pitchbook found that VC funding for women-led startups increased by 83% between 2020 and 2021. Notably, there is no gender pay gap. 25. Abby Johnson has led innovation in the financial services industry for years, including moving Fidelity Investments to embrace and support cryptocurrencies. Karen Peacock had a passion for tech at a young age, taking STEM tutoring jobs as a high school student. Her uncle, Rich Snyder, would still be the CEO today if it werent for his untimely passing in a plane crash in 1993. From Bumble to YouTube to Heineken, these are some of the most talented female CEOs changing the game in a brand-new decade. Her dedication to the company would see her rise through the ranks from 2008 and by 2014, she became the first female head of an automobile manufacturer. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Duckett has devoted her career to work towards helping communities of color. Titan has suffered a 'catastrophic implosion'. They only found 10 others out of 1,360, Collin says. Brenda C. Barnes, former CEO of Sara Lee Jhane Barnes, owner fashion design company Mary Barra, chairman and CEO of General Motors [3] Corie Barry, CEO of Best Buy Ana Botn, President of Banco Santander, Spain We also reference original research from other reputable publishers where appropriate. TIAA has more than $1 trillion in assets under management. Collin has pushed for gender equity at Front, and now, women comprise more than 50% of Front's managers and 80% of its executive team. The B2B space seems to be really male-dominated, Behrens Wu said. Fidelity Investments (Abby Johnson, President and CEO). CEO, Elevance Health (ELV), formerly Anthem. Fraser first joined Citigroup in 2004 as Head of Client Strategy and held numerous leadership positions across the company before becoming the CEO of this global bank in 2021. Women in the Fortune 500: 64 CEOs in half a century By Julia Carpenter Just this June, Fortune Magazine announced a new milestone in its list of Fortune 500 female CEOs. Upon graduating, she went to work as a real estate investment banker for both Morgan Stanley and private equity firm Warburg Pincus. Lynsi Snyder is one of the youngest billionaires in the world. As men, we don't often tend to realize it, but it has been a tough world for women to live in across history, and while signs of betterment can be seen on the horizon as steps are being taken and feminism grows, a lot more needs to be done still to ensure equality between genders, equal opportunities and and equal benefits as well. In 2016, Griffith was named CEO of Progressive after prior roles as Personal Lines COO and chief human resources officer. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Total revenue of the company in 2019 (in billions of dollars): 33.8. CEO, Teachers Insurance and Annuity Association of America (TIAA). Worth: US$290 million (2019) In the trade groups annual meeting in San Diego, among a crowd of mostly male beer distributors, she proclaimed: Ill be judged on my results, not on whether Im male or female. Heading the company is Lisa Su, a Taiwanese American business executive and electrical engineer who rose through the ranks in various engineering management positions at IBM, Texas Instruments and Freescale Semiconductor before becoming the CEO and president of AMD in 2014. The brand started by creating quality, women-friendly denim and sold a record-breaking $1 million on its first day. Research Feb 03, 2023. . It delivers personalized service and partnerships to help its clients reach their goals. As of 2019, 6.6% of Fortune 500 CEOs are womenthat means 33 women CEOs. (2023, February 3). Women CEOs at Big Companies Finally Outnumber Those Named John - Bloomberg On a Friday morning in April, Fox News talk host Jesse Watters walked onstage to a room stuffed with hundreds of insurance executives and agents. Along with being woman-led, over 50% of its employees identify as female, according to a company wide surveysomething thats unheard of in the tech industry. And if you aspire to follow in their footsteps and begin a career in business, you would do well to take a page or two out of their books! Company: Bumble The project would eventually be abandoned but her connection with Rad soon saw her joining his other venture in 2012 a dating app called Tinder alongside Chris Gulczynski. Thasunda Brown Duckett is CEO of the Teachers Insurance and Annuity Association of America (TIAA), the 90th-largest company on the list.
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