Record number of women took over Fortune 500 companies in 2020

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Record number of women took over Fortune 500 companies in 2020.

Sonia Syngal, the president and CEO of Gap, Inc.; Linda Rendle, the CEO of Clorox; and Jane Fraser, the CEO of Citigroup.A record number of women took over as CEO in 2020 to help steer their company through an uncertain and volatile business environment prompted by the coronavirus pandemic.

During the first quarter of 2021, 41 women will lead Fortune 500 companies. That’s just 8.2 percent, but an improvement from the 33 companies in 2019 and 24 in 2018. Going back 20 years, there were just two companies on the list that were run by women, according toCarol Tomé took over as CEO of UPS in June and has been leading the company through an unprecedented, pandemic-fueled surge in package delivery as more people opt to order online and stay home.

Barring any new appointments, 10 of the women on the list will be leading retailers, a sector that has been challenged by the pandemic. A 2019 study found that public companies with women in the CEO or CFO spot were more profitable and had a stronger stock price performance.found that public companies with women in the CEO spot or serving as chief financial officer were more profitable and had a stronger stock price performance, compared to companies with men in the top jobs.

 

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it is still a long and difficult road

So Wall Street values empathy in a CEO? Seriously?

At first 'women' didn't have a chance while at the same time they are taking over Fortune 500 companies in record numbers. The news media lies so much it's hard to believe anything anymore!!

Cathievan9 That's good news

They will bring some sanity into these corporations.

It’s sad that we have to say a “record number of women” took over these companies. It’s 2020 for Christ sakes. We should have been doing this DECADES ago.

How many children did they have?

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