Women CFOs May Be In Style–But What About The Rest Of The C-Suite?
When Indra Nooyi resigned from PepsiCo last summer, she had spent 12 years as CEO–the rare woman to sit atop a major corporation. Nooyi, the company’s first and only female CEO, had been promoted to the position after six years as PepsiCo’s CFO. But like many of her peers, when her tenure was up, Nooyi was replaced by a man. At the moment, there are reportedly just 27 women CEOs in the Fortune 500, none of whom are women of color, and 24 women CEOs in the S&P 500. The number of female CEOs peaked in 2017, with 6% of the Fortune 500, in no small part because women are rarely promoted to executive positions that could one day make them CEO. The women who manage to become executives tend to be relegated to roles in HR, marketing, or finance. Of the Fortune 500 companies, 64 have female CFOs. Read more at Fast Company.
