Good morning, Broadsheet readers! Halla Tomasdottir will turn into Iceland’s subsequent president, Out of doors Voices will get a brand new proprietor, and girls run 10% of corporations on this yr’s Fortune 500—once more. Have a considerate Tuesday!
– Nonetheless 10%. The 2024 version of the Fortune 500—Fortune’s flagship rating of the biggest American companies by income—is out immediately, and which means we’ve got some new perception into the range of CEOs main the U.S.’s prime corporations.
Total, the story is extra of the identical: The share of Fortune 500 corporations run by feminine CEOs held regular from this time final yr at 10.4%. Since that stat first crossed the ten% threshold in the beginning of 2023, the quantity has barely budged.
This yr, 52 out of 500 Fortune 500 chief executives are girls. Newbies embody JetBlue CEO Joanna Geraghty, the primary girl to run a significant U.S. airline; Expedia CEO Ariane Gorin; and Sherwin-Williams CEO Heidi Petz.
Departing names and firms embody Walgreens, which parted methods with CEO Roz Brewer (whereas her interim successor, Ginger Graham, was a girl, the corporate opted for a male CEO as its everlasting alternative); Ceremony Assist, which reduce ties with CEO Heyward Donigan earlier than it filed for chapter; and Mattress, Bathtub, and Past, which had been led by girls by means of its tumultuous decline and supreme model enterprise sell-off to Overstock.
Brewer’s exit misplaced the Fortune 500 certainly one of its only a few Black feminine CEOs; remaining are TIAA chief Thasunda Brown Duckett and Toni Townes-Whitley, the brand new chief of SAIC, who took over in a uncommon feminine CEO-to-female CEO handoff.
Whereas the share of Fortune 500 companies led by girls appears to have stalled round 10%, that quantity represents a big leap from simply six years in the past, when solely 24 Fortune 500 companies had feminine leaders, and from when our information begins in 1998. Then, there have been solely two feminine Fortune 500 CEOs—whole.
For a extra detailed report on this yr’s Fortune 500 and the total record of feminine CEOs, learn my full story right here.
Emma Hinchliffe
[email protected]
The Broadsheet is Fortune’s e-newsletter for and in regards to the world’s strongest girls. As we speak’s version was curated by Joseph Abrams. Subscribe right here.
ALSO IN THE HEADLINES
– Voted in. Entrepreneur Halla Tomasdottir received Iceland’s presidential election on Saturday with 34% of the vote. Tomasdottir will take over the primarily ceremonial function within the nation identified for its work boosting gender equality. She has expertise as founding father of Audur Capital, a defunct monetary providers firm designed to convey the angle of girls into the trade. Reuters
– Payday. The best-paid feminine CEO this previous fiscal yr was Superior Micro Machine’s Lisa Su, for the fifth yr working, with $30.3 million in compensation. The median pay package deal for feminine CEOs rose 21% to $17.6 million. Related Press
– Bringing Out of doors in. Personal fairness agency Consortium Model Companions has acquired Out of doors Voices, the once-viral clothes model based by Ty Haney. The agency, which additionally owns 70% of Reese Witherspoon’s clothes line Draper James, is optimistic about revamping the corporate. Fortune
– Main the robots. Waymo is main the robo-taxi trade thanks partly to management from co-CEO Tekedra Mawakana, who’s chargeable for commercializing the corporate’s self-driving expertise. The corporate has skilled way more success than its rivals, however faces its personal potential regulatory points. Fortune
– Nonetheless fearless. Within the newest twist in Fearless Fund’s authorized battle, the agency has been prevented from handing out its $20,000 grants to Black girls whereas the case strikes by means of the authorized system. Founder Arian Simone known as the ruling “devastating.” Washington Publish
MOVERS AND SHAKERS: ProPublica named Ginger Thompson managing editor. Wealthy Expertise Group founder Jana Wealthy will transfer from CEO to govt chair, whereas Nicole Reboe turns into CEO.
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PARTING WORDS
“I feel like most of the time, if I’m not stressing or have anxiety, I do feel like I’m having fun. So it’s good to have that and feel that again.”
— Simone Biles, probably the most adorned gymnast in historical past, after profitable her ninth U.S. all-around title on Sunday
