Good morning, Broadsheet readers! Hala Tomasdottir He’ll become Iceland’s next president, Outdoor Voices will have a new owner, and 10% of this year’s Fortune 500 companies are run by women — again. Have a thoughtful Tuesday!
-It’s still 10%. 2024 edition of Fortune 500 —luckOur groundbreaking ranking of the largest U.S. companies by revenue was released today, and it means we have some new insights into the diversity of CEOs leading the largest companies in the United States.
Overall, the story is more of the same: The share of Fortune 500 companies run by female CEOs has held steady since this time last year at 10.4%. Since that statistic crossed the 10% threshold for the first time at the start of 2023, the number has barely budged.
This year, 52 of the 500 CEOs in the Fortune 500 are women. Newcomers include JetBlue CEO Joanna Geraghty, the first woman to run a major U.S. airline; Expedia CEO Ariane Goren; and Sherwin Williams CEO Heidi Betz.
Departing names and companies include Walgreens, which has parted ways with CEO Roz Brewer (while her interim successor, Ginger Graham, is a woman, the company has chosen a male CEO as her permanent replacement); Rite Aid, which cut ties with CEO Howard Donegan before filing for bankruptcy; and Bed, Bath, and Beyond, which was led by women through its turbulent decline and eventual brand sale to Overstock.
Brewer’s exit resulted in the Fortune 500 losing one of its very few black female CEOs; The rest are TIAA president Thasunda Brown Duckett and SAIC’s new president, Toni Townes-Whiteley, who takes up her role in a rare handover from CEO to CEO.
While the share of Fortune 500 companies led by women appears to have stalled at about 10%, this number represents a huge leap from just six years ago, when only 24 Fortune 500 companies had female leaders. Women, and since our data began in 1998, there have been only two female CEOs in the Fortune 500 — total.
For a more detailed report on this year’s Fortune 500 list and the full list of female CEOs, read my full story here.
Emma Hinchliffe
emma.hinchliffe@fortune.com
The broadsheet is luck’The newsletter by and about the most powerful women in the world. Today’s edition is moderated by Joseph Abrams. Subscribe here.
Also in the headlines
– Voted. Businesswoman Halla Tomasdóttir won Iceland’s presidential election on Saturday with 34% of the vote. Tomasdottir will assume this essentially ceremonial role in the country known for its work promoting gender equality. She has experience as the founder of Audur Capital, a defunct financial services firm designed to bring a women’s perspective to the industry. Reuters
-Payday. The highest-paid CEO last fiscal year was Advanced Micro Device’s Lisa Su, for the fifth year in a row, with compensation of $30.3 million. Median pay for female executives rose 21% to $17.6 million. news agency
– Bring the fresh air. 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 revamp. luck
– Driving robots. Waymo leads the robotaxi 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 much more successful than its competitors, but faces potential regulatory issues of its own. luck
– He is still fearless. In the latest development in the Fearless Fund’s legal battle, the company has been blocked from distributing its $20,000 grants to Black women while the case moves through the legal system. Founder Arian Simon called the ruling “devastating.” The Washington Post
Movers and shakers: ProPublica was named Ginger Thompson managing editor. Founder of Rich Talent Group Jana Rich You will move From CEO to CEO, while Nicole Ribot Become CEO.
On my radar
Expect the worst: being born on a planet in crisis grinding
Calvin Klein is hiring a new designer and planning a return to the runway New York Times
How Nikki Glaser became a barbecue toast Pieces
Parting words
“I feel like most of the time, if I’m not stressed or anxious, I feel like I’m having fun. So it’s nice to have that and feel that again.”
– Simone Biles, the most decorated gymnast in history, yet She won her ninth all-state title on Sunday
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