The number of Women CEOs in Fortune 500 companies have come down from to 14 in 2011 from 15 in 2010. The analysis of the companies show that there are 8 women CEOs are in the top 125 bracket of Fortune 500 companies.
Here is the list of the women CEOs in Fortune 500 companies:
|Rank||Company||CEO||CEO Since||Experience (Approx.)|
|39||Archer Daniels Midland||Patricia A. Woertz||May 2006||34+ years|
|42||WellPoint||Angela F. Braly||June 2007||20+ Years|
|43||PepsiCo||Indra K. Nooyi||Oct. 2006||25+ years|
|49||Kraft Foods||Irene B. Rosenfeld||June 2006||20+ years|
|68||Sunoco||Lynn L. Elsenhans||Aug. 2008||30+ years|
|84||DuPont||Ellen J. Kullman||Jan. 2009||23+ years|
|119||TJX||Carol M. Meyrowitz||Jan. 2007||24+ years|
|121||Xerox||Ursula M. Burns||July 2009||31+ years|
|221||BJ’s Wholesale Club||Laura J. Sen||Jan. 2008||30+ years|
|226||Avon Products||Andrea Jung||Sept. 2001||24+ years|
|245||Guardian Life Ins. Co. of America||Deanna M. Mulligan||July 2011||NA|
|312||Campbell Soup||Denise M. Morrison||Oct. 2010||31+ years|
|365||Yahoo||Carol A. Bartz||2009||28+ years|
|417||KeyCorp||Beth E. Mooney||May 2011||30+ years|
Source: Catalyst List of Women CEOs of the Fortune 1000 companies
The list indicates an interesting facts that women CEOs of Fortune 500 companies are generally having over 25+ years experience. They also have either been in same company for long time or in rival companies of similar businesses. Interestingly two women CEOs in the list are of Asian origin.
I made an interesting comparison on the Revenues and Profits of these women CEO led companies for the top 100 of the Fortune 500 companies with the nearby ranking companies led by men, the women CEO led companies are in bold and others are not.
The result of which are tabulated here:
|Rank||Company||Revenues ($millions)||Profits ($millions)||CEO|
|35||Apple||65,225.0||14,013.0||Steven P. Jobs|
|36||Boeing||64,306.0||3,307.0||W. James McNerney Jr.|
|37||State Farm Insurance Cos.||63,176.7||1,762.8||Edward B. Rust Jr.|
|38||Microsoft||62,484.0||18,760.0||Steven A. Ballmer|
|39||Archer Daniels Midland||61,682.0||1,930.0||Patricia A. Woertz|
|40||Johnson & Johnson||61,587.0||13,334.0||William C. Weldon|
|41||Dell||61,494.0||2,635.0||Michael S. Dell|
|42||WellPoint||58,801.8||2,887.1||Angela F. Braly|
|43||PepsiCo||57,838.0||6,320.0||Indra K. Nooyi|
|44||United Technologies||54,326.0||4,373.0||Louis R. Chênevert|
|45||Dow Chemical||53,674.0||2,310.0||Andrew N. Liveris|
|46||MetLife||52,717.0||2,790.0||Steven A. Kandarian|
|47||Best Buy||49,694.0||1,317.0||Brian J. Dunn|
|48||United Parcel Service||49,545.0||3,488.0||D. Scott Davis|
|49||Kraft Foods||49,542.0||4,114.0||Irene B. Rosenfeld|
|50||Lowe’s||48,815.0||2,010.0||Robert A. Niblock|
|65||Walt Disney||38,063.0||3,963.0||Robert A. Iger|
|66||Comcast||37,937.0||3,635.0||Brian L. Roberts|
|67||Sysco||37,243.5||1,180.0||William J. DeLaney III|
|68||Sunoco||35,453.0||234.0||Lynn L. Elsenhans|
|69||Abbott Laboratories||35,166.7||4,626.2||Miles D. White|
|80||Enterprise Products Partners||33,739.3||320.8||Michael A. Creel|
|81||Honeywell International||33,370.0||2,022.0||David M. Cote|
|82||Liberty Mutual Insurance Group||33,193.0||1,678.0||Edmund F. Kelly|
|83||News Corp.||32,778.0||2,539.0||K. Rupert Murdoch|
|84||DuPont||32,733.0||3,031.0||Ellen J. Kullman|
|85||Sprint Nextel||32,563.0||-3,465.0||Daniel R. Hesse|
Source: The base data of this compilation has been taken from CNNMoney
In the top 100, only 6 women CEO led companies have figured in the Fortune 500 companies.
The list indicates an interesting fact that women led companies have higher revenues and better profits, as compared to similar companies in the same bracket.
We have just about 3% representation of women CEOs in the fortune 500 companies, each of these women have huge experiences and have been exceptionally qualified and talented. Should we not aim to provide more opportunities to women to reach at the top? If so, what are we doing about it? A small initiative here or there will not make the difference, the problem needs to be addressed. Is Women Entrepreneurship the answer or an alternate mechanism?
Women have to be brought into senior management and given opportunities to not only excel but provide better managed and efficiently run organisations. Men have to lend the supporting role as well as encourage the same. Education and Mentoring of promising and talented women is a dire need of the hour.
Having undergone a similar training under the 10000 women initiative of Goldman Sach and Mastercard sponsered Business administration programme, at Singapore; I can personally vouch that it makes a considerable difference in the level of confidence of the women CEO and brings a clarity of vision by being exposed to knowledge sharing by the experts.
Whether through grooming of women to be good CEOs through training’s, education or mentoring or through supporting women led enterprises; businesses need to stop ignoring the WOMEN POWER for the benefit of overall inclusive development.
(2 of the women CEOs have resigned since my compilation which was done few months ago and might not be the current CEOs of the Fortune 500 companies listed)