New additions to the list that have taken over as CEO of male predecessors include Carol Tomé with UPS on June 1, Heyward Donigan of Rite Aid, Sonia Syngal of Gap Inc., Kristin C. Peck with Animal Health Zoetis and Jennifer Johnson with Franklin Resources.
Of the 37 female CEOs, some are business executives who debuted on the Fortune 500 for the first time this year, according to Fortune: Barbara R. Smith, CEO of the commercial materials company Metals and Nazzic S. Keene , CEO of government information technology company Science Applications International.
This study suggests that boards of directors held women CEOs and CFOs higher than men before hiring them.
But even though women are making significant strides in breaking through, there is still a lack of racial diversity. Almost all are white.
According to Fortune: Syngal of Gap Inc., the CEO of Advanced Micro Devices Lisa Su and the CEO of Yum China Joey Wat, only three of this year’s Fortune 500 CEOs are women of color.
Mary Winston of Bed Bath & Beyond was the first black woman to be CEO of the Fortune 500 since Xerox’s Ursula Burns resigned a few years ago and Winston was replaced by a permanent CEO, according to Fortune. No Latinas has a CEO role either.