Good morning, Broadsheet readers! Halla Tomasdottir Iceland’s next president, Outdoor Voices gets a new owner, and women lead 10% of this year’s Fortune 500 companies—again. Have a great Tuesday!
– Still 10%. The 2024 edition of the Fortune 500—luckThe top ranking of America’s biggest businesses, by revenue, was released today, and that means we have some new insights into the diversity of CEOs heading up America’s top companies.
Overall, the story is the same: the share of Fortune 500 companies led by female CEOs it remained steadfast since this time last year in 10.4%. Since that statistic crossed the 10% threshold at the beginning of 2023, the number has barely budged.
This year, 52 of the Fortune 500 CEOs are women. Newbies include JetBlue CEO Joanna Geraghty, the first woman to head a major US airline; CEO of Expedia Ariane Gorin; and Sherwin-Williams CEO Heidi Petz.
Departing names and companies include: Walgreens, which parted ways with CEO Roz Brewer (while her interim successor, Ginger Graham, was a woman, the company chose a male CEO as her permanent replacement); Rite Aid cut ties with CEO Heyward Donigan before filing for bankruptcy; and the female-led Bed, Bath, and Beyond through its turbulent decline and the recent sale of brand businesses to Overstock.
Brewer’s departure saw the Fortune 500 lose one of its few black female CEOs; the rest are TIAA chief Thasunda Brown Duckett and Toni Townes-Whitley, the new chief of SAIC, who took over in a rare female CEO-female CEO handover.
While the share of Fortune 500 companies led by women appears to have stagnated around 10%, that number represents a huge jump from just six years ago, when only 24 Fortune 500 companies had female CEOs, and since our data began in 1998. , there were only two female Fortune 500 CEOs in total.
For a more detailed report on this year’s Fortune 500 and a complete list of female CEOs, read my full story here.
Emma Hinchliffe
emma.hinchliffe@fortune.com
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ALSO IN TITLES
– Vote Activist Halla Tomasdottir won Iceland’s presidential election on Saturday with 34% of the vote. Tomasdottir will take on the ceremonial role in a country known for its work promoting gender equality. She has experience as the founder of Audur Capital, a defunct financial services company designed to bring a female perspective to the industry. Reuters
– Salary The highest-paid female executive this past year was Advanced Micro Device’s Lisa Su, for the fifth year in a row, with compensation of $30.3 million. The average pay package for female CEOs rose 21% to $17.6 million. Associated Press
– Getting outside. Private equity firm Consortium Brand Partners has acquired Outdoor Voices, the once-viral clothing brand founded by Ty Haney. The company, which owns 70% of Reese Witherspoon’s Draper James clothing line, is optimistic about revamping the company. luck
– Driving robots. Waymo is the leader in the robo-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 been far more successful than its rivals, but faces its own potential regulatory issues. luck
– Still without fear. In the latest round of the Fearless Fund’s legal battle, the company has been prevented from awarding its $20,000 grants to black women while the case moves through the legal system. Founder Arian Simone called the ruling “devastating.” Washington Post
MOVERS AND ACCELERATORS: called ProPublica Ginger Thompson managing editor Founder Rich Talent Group Eat Rich will move while from the general manager to the executive chair Nicole Reboe He becomes the CEO.
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PART WORDS
“Most of the time I feel like, if I’m not stressed or anxious, I feel like I’m having fun. So it’s good to have that and feel that again.”
– After Simone Biles, the most decorated gymnast in history He won his ninth US title on Sunday
