Fortune 500 female CEOs reach unprecedented peak, but still a small percentage

General Motors CEO Mary Barra, shown here in 2018, is among the 37 women running Fortune 500 companies, an all-time record.
Even though the number of female CEOs is increasing, it represents only 7.4% of the Fortune 500 classified companies compiled annually by the magazine.
Last year there were 33, compared to 24 compared to 2018. To put things in perspective, 20 years ago, there were only two businesses run by women, according to Fortune.

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.

A study carried out last year by S&P Global Market Intelligence found that SOEs with female CEOs or CFOs were often more profitable and had better share price performance.

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.

From the brink of bankruptcy to a gain of 1300%: how this CEO went around his business.

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.

And again, although there is a record of female CEOs on the Fortune 500 list, it’s important to note that many of these female leaders are ranked at the bottom of the list in small businesses. According to Fortune, only seven women run Fortune 100 companies. The CEO of General Motors, Mary Barra, runs the largest.


Recommended For You

About the Author: Aygen

Leave a Reply

Your email address will not be published. Required fields are marked *