It is frequently said that there is still a glass ceiling in business boardrooms. There are, however, a few chinks here and there. Even though there are more women than males serving as chief executive officers (CEOs) of top corporations, the number of women in these positions is steadily increasing. Even though their numbers are increasing, women still make up a small percentage of chief executive officers (CEOs) at the biggest firms.
Women aren't just breaking down barriers; some of them are also altering history by taking up positions that were previously occupied by males. Women are in charge of some of the biggest businesses in a range of sectors, from technology to banking.
While some of the top 10 female CEOs rose in rank, several of them kept their positions as of 2021. The top 10 female CEOs are listed below:
1. Karen Lynch, CVS Health's CEO (CVS)
Lynch began serving as CEO in February 2021. She formerly held the positions of executive vice president of CVS Health and president of the company's insurance division, Aetna. Lynch is One of the biggest healthcare providers in the globe CVS. She is ranked in the list of the most powerful women in business in 2022.
2. Rosalind Brewer, Walgreens Boots Alliance CEO
Rosalind Brewer, formerly the COO of Starbucks, was appointed CEO of Walgreens in 2021. Brewer is a veteran leader in corporate America and is one of 41 women and the third Black woman to lead a Fortune 500 firm. Brewer presided over Sam's Club as its president and CEO until joining Starbucks in 2017. Significantly, she has appointed Sam's Club's first Black CEO. She played a key role in advancing diversity efforts, such as racial bias training, and in linking executive compensation to diversity goals. Brewer is ranked 13th on Forbes' 2022 list of the 100 Most Influential Women in the World.
3. Gail Boudreaux, CEO, of Elevance Health (ELV), formerly Anthem
One of the biggest health insurers in the United States, Elevance Health, appointed Boudreaux CEO in 2017. More than 70% of the company's shares rose during her first four years as CEO. Boudreaux formerly served as CEO of UnitedHealthcare, which is the largest part of UnitedHealth Group.
4. Mary Barra, CEO, of General Motors (GM)
Barra, who is ranked fourth, is the first female CEO of General Motors and essentially the first for a significant American automaker. Daniel Akerson, who is credited with restoring the firm’s profitability after seeking Chapter 11 bankruptcy protection in 2011, stepped down as GM's CEO in January 2014. Barra is driving GM's shift to electric cars by the year 2035.
5. Carol Tomé, CEO, of United Parcel Service (UPS)
In June 2020, Tomé stepped out of retirement to become UPS's new CEO. In 2019, she stepped down from her position as Home Depot's CFO. Tomé is UPS's first female CEO and the organization's first CEO who wasn't given a promotion from the inside. She gave delivery of the COVID-19 vaccination and arranged the logistics for the 2020 Christmas season top priority during her first 100 days as CEO. UPS has been a crucial utility during the outbreak.
6. Jane Fraser, CEO, Citigroup (C)
When Jane Fraser was appointed Citigroup's CEO in 2021, she made history as the first woman to lead a Wall Street bank. She started working at Citi in 2004 and has since held a number of managerial positions, including president and CEO of Global Consumer Banking. Immediately after taking over as CEO, Fraser started a "refresh" to streamline procedures. Making bank operations "easy to administer and enhance" is her main objective.
7. Corie Barry, CEO, Best Buy (BBY)
At the age of 44, Barry was appointed CEO of Best Buy in 2019. At the time, she was the youngest CEO of a Fortune 100 business. Barry has held a variety of jobs in the past, including CFO and chief financial and strategic transformation officer. 1999 saw Barry join Best Buy. Barry offers the following career advice: "Experience those awkward times. Because I really believe that those experiences are what allow you to grow the most as a person while also making you stand out in your field.
8. Tricia Griffith, CEO, Progressive (PGR)
After serving as the COO of Personal Lines and top human resources officer, Griffith was appointed CEO of Progressive in 2016. Property and casualty insurance provider Progressive reported revenue of more than $47 billion in 2021. Progressive is a top-rated corporation for diversity and inclusion under Griffith's direction. More than 20% of those in management are members of underrepresented groups, and about 45% are women. The lack of a gender wage difference is noteworthy.
9. Thasunda Brown Duckett, CEO, Teachers Insurance and Annuity Association of America (TIAA)
Thasunda Brown Duckett was appointed CEO of retirement and investment manager TIAA in February 2021. More than $1 trillion worth of assets are being managed by TIAA. She belongs to a select group of Black women CEOs who head Fortune 500 companies, including Brewer.
10. Safra Catz, CEO, Oracle (ORCL)
After Lawrence Ellison resigned as CEO in 2014, Safra Catz, a former CFO of Oracle, was named as one of the two CEOs of the business. In 2019, Catz took over as the sole CEO when Mark Hurd, the co-CEO, passed away. The software behemoth has completed more than 130 acquisitions under her leadership as part of its aggressive acquisition strategy. Catz has also won the triple crown.