Good morning, Broadsheet readers! Halla Tomasdottir will become Iceland’s next president, Outdoor Voices has a new owner, and women run 10% of Fortune 500 companies this year—again. Have a thoughtful Tuesday!
– Still 10%. The 2024 edition of the Fortune 500—LuckThe top ranking of the largest American businesses by revenue—was released today, and it means we have some new insights into the diversity of CEOs leading leading companies. top of the United States.
Overall, the story is more similar: The proportion of Fortune 500 companies run by female CEOs holding steady from this time last year at 10.4%. Since that index first crossed the 10% threshold in early 2023, the number has barely budged.
This year, 52 of the Fortune 500 CEOs are women. The newcomers include JetBlue CEO Joanna Geraghty, the first woman to run a major U.S. airline; Expedia CEO Ariane Gorin; and Sherwin-Williams CEO Heidi Petz.
The names and companies leaving include Walgreens, which parted ways with CEO Roz Brewer (while her interim successor, Ginger Graham, is a woman, the company has chosen a new CEO. male action as permanent replacement); Rite Aid, which severed ties with CEO Heyward Donigan before filing for bankruptcy; and Bed, Bath, and Beyond, led by women through its chaotic decline and the eventual sell-off of the brand to Overstock.
Brewer’s departure leaves the Fortune 500 without one of its very few black female CEOs; The others are TIAA director Thasunda Brown Duckett and Toni Townes-Whitley, SAIC’s new leader, who took over in a rare transition from female CEO to female CEO.
While the percentage of Fortune 500 businesses led by women appears to have leveled off at around 10%, that number represents a giant leap from just six years ago, when there were just 24 businesses. in the Fortune 500 have had female leaders and have since our data began in 1998. After that, there were only two female CEOs in the Fortune 500 in total.
For a more detailed report on this year’s Fortune 500 and a full list of female CEOs, read my full story This.
Emma Hinchliffe
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Spreadsheets are Luck’newsletter for and about the world’s most powerful women. Today’s edition is curated by Joseph Abrams. Order This.
ALSO IN THE TITLE
– Voted. Businessman Halla Tomasdottir won Iceland’s presidential election on Saturday with 34% of the vote. Tomasdottir will take on a largely ceremonial role in the country known for its work promoting gender equality. She has experience as founder of Audur Capital, a defunct financial services company designed to bring women’s perspectives to the industry. Reuters
– Payday. The highest-paid female CEO in the last fiscal year was Lisa Su of Advanced Micro Device, in her fifth year of operation with compensation of $30.3 million. The average pay package for female CEOs increased 21% to $17.6 million. Related press
– Bring the outdoors in. Private equity firm Consortium Brand Partners has acquired Outdoor Voices, the once viral clothing brand founded by Ty Haney. The company, which also owns 70% of Reese Witherspoon’s Draper James clothing line, is optimistic about the company’s turnaround. Luck
– Lead the robots. Waymo is leading the robot taxi industry thanks in part to the leadership of co-CEO Tekedra Mawakana, who is responsible for commercializing the company’s self-driving technology. The company has had more success than its rivals but faces potential legal issues. Luck
– Still not afraid. In the latest development in Fearless Fund’s legal battle, the company has been prevented from awarding $20,000 grants to Black women while the case moves through the legal system. Founder Arian Simone called the ruling “devastating.” Washington Post
MOVING MACHINE AND SHAKING MACHINE: ProPublica has the name Ginger Thompson Managing editor. Founder of Rich Talent Group Jana Giau will move from CEO to executive chair, while Nicole Reboe become CEO.
ON MY RADAR
Expect the Worse: Giving birth on a planet in crisis wheat
Calvin Klein names a new designer and plans to return to the runway New York Times
How Nikki Glaser Became Grilled cut
FAREWELL WORDS
“Most of the time, I feel like if I’m not stressed or anxious, I feel like I’m having fun. So it was good to have that and feel that again.”
— Simone Biles, highest performing gymnast in history, later won his ninth U.S. all-around title on Sunday
