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Yesterday, Fortune released their 2019 list of the Most Powerful Women in Business, which ranks women business leaders based on factors, such as the size and importance of their business in the global economy, the health and direction of their business, the arc of their career, as well as their social and cultural influence. Topping the list for the second year in a row is Marillyn Hewson, CEO of Lockheed Martin.
2019 Fortune Most Powerful Women in Business (Top 10)
- Marillyn Hewson, CEO of Lockheed Martin
- Mary Barra, Chairman & CEO of General Motors
- Abigail Johnson, Chairman & CEO of Fidelity Investments
- Ginni Rometty, Chairman, President & CEO of IBM
- Gail Boudreaux, President & CEO of Anthem
- Sheryl Sandberg, COO of Facebook
- Phebe Novakovic, Chairman & CEO of General Dynamics
- Safra Catz, Co-CEO of Oracle
- Julie Sweet, CEO of Accenture
- Ruth Porat, SVP & CFO of Google, Alphabet
Marillyn Hewson and the other Top 5 ranked women on this year’s list have held onto their place since 2018, but there are also ten newcomers to the list who are mostly chief executives. According to Fortune’s website, there were so many qualified candidates this year that some of the 36 female CEOs in the Fortune 500 did not make the cut.
Finance is one of the most represented sectors in the 2019 list with three executives from JPMorgan Chase. However, the industry has yet to place a woman as the head of a major U.S. Bank, so there is definitely room for growth regarding women’s representation at all levels of the industry.
The report acknowledges that women of color are still underrepresented in top chief executive positions despite the addition of CEOs Revathi Advaithi of Flex and Lisa Su of AMD to the ranks. Other newcomers include Shari Redstone, Vice Chair of Viacom and CBS, who claimed the No. 14 spot and has earned “the unofficial title of the most powerful woman in U.S. media,” and Best Buy CEO Corie Barry.
See the full list here.