Bringing Women on Board: More Fortune 500 & Other Large Boards (2024)

AT&T Adds Chairman and CEO of KeyCorp as Director

Fortune 500 telecom giant AT&T has named Beth E. Mooney, 58, chairman and CEO of KeyCorp, to its board of directors. Mooney joined KeyCorp in 2006 as vice chairman and head of Key Community Bank and served as president, COO and executive director from 2010 to 2011, when she was named CEO. Prior to her most recent position as Senior EVP and CFO for AmSouth Bancorporation (now Regions Financial Corporation), Mooney ran its banking operations in Tennessee and Northern Louisiana. Mooney also completed other line assignments of increasing responsibility at Bank One Corporation, Citicorp Real Estate, Inc., Hall Financial Group and Republic Bank of Texas/First Republic.At Bank One, she served as Regional President in Akron and Dayton, and then as President of Bank One Ohio, managing major markets throughout the state.

Home Depot Names CVS Caremark EVP to Board

The Home Depot, another Fortune 500 retail giant, appointedHelena B. Foulkes, 49, to the Company's board of directors. As EVP and chief health care strategy and marketing officer for CVS Caremark, Foulkes brings a wealth of experience in innovative retail marketing strategies, operations and merchandising to The Home Depot board of directors. During her 15-plus years at CVS, Foulkes has served as the company's EVP and CMO, SVP of Health Services of CVS/pharmacy, SVP, Marketing and Operations Services, and SVP, Advertising and Marketing. She has also held positions in Strategic Planning, Visual Merchandising and Category Management while at CVS.

BlackRock’s New Director is former Counselor and Chief of Staff to Secretary of State Hillary Clinton

Fortune 500 investment management leader BlackRock appoints Cheryl D. Mills, 48, former Counselor and Chief of Staff to Secretary of State Hillary Clinton, to the Company's Board of Directors. Mills, who left the U.S. Department of State in early 2013, will join the Board as an independent director. While at the U.S. Department of State, Mills was a counselor and advisor on major foreign policy challenges and operational priorities. Previously, Mills was SVP for Administration and Operations and as General Counsel with New York University. Mills was SVP for Corporate Policy and Public Programming at Oxygen Media, Deputy Counsel to President Clinton, White House Associate Counsel and served as an Associate at the Washington D.C. law firm of Hogan & Hartson.

VMware Adds Retired Accenture Exec to Board

VMware named long-time Accenture executive Pamela Craig, 55, to succeed Renee James, 47, on its board. James has served on the VMware board since 2007 and has resigned to focus on her responsibilities as President of Intel.Craig brings a wealth of technology industry experience to the VMware board of directors, having worked at Accenture in various operational, finance and senior management roles for 34 years, most recently serving as chief financial officer from 2006 until her retirement in July 2013. During her long tenure at Accenture, Craig gained extensive knowledge, leadership experience and expertise with insight into how to manage a large, global and rapidly growing organization.

Wipro Names Acclaimed Strategic Consultant to Board

India-based IT services company Wipro appoints Ireena Vittal, an acclaimed strategic consultant on emerging markets, agriculture and urban development to itsBoard of Directors. Vittal, a former partner with McKinsey, brings with her over two decades of experience as a recognized thought leader to consumer facing companies looking to build large scale, profitable businesses in emerging markets.

She was a founding member of the economic development practice and the global emerging markets practice at McKinsey and has worked with governments and public institutions to design and implement solutions for inclusive urban development and sustainable rural growth in India.

WellPoint’s Board Welcomes Healthcare Professional as New Director

Fortune 500 ranked health-benefits company WellPoint appointed Elizabeth (Liz) Tallett, to its Board of Directors. Tallett has robust health care experience and proven track records as leaders. Tallett brings more than 35 years of global biopharmaceutical and consumer products experience, including operating and strategic leadership roles at a number of health care and technology companies. She is a Principal of Hunter & Partners, a health care consulting firm.

Autodesk Appoints Retired Apple Finance Exec to Board

Autodesk appointed Betsy Rafael to its Board of Directors. Rafael retired from Apple in 2012, where she had served as VP and Corporate Controller since 2007 and Principal Accounting Executive since 2008. Previously, Rafael held the positions of VP, Corporate Controller, Principal Accounting Officer and VP, Corporate Finance at Cisco between 2002 and 2007. Prior to this, she held management and other senior financial positions with Aspect Communications, Silicon Graphics (SGI), Sun Microsystems and Apple Computer. She began her career with Arthur Young & Company. She serves on the board of directors of Echelon, and previously served on the board of PalmSource.

Microchip Technology Appoints Director with Manufacturing and Industrial Experience

Microchip Technology, the manufacturer of microcontroller, memory and analog semiconductors, appointed Esther Johnson to serve as a director. Johnson is the former VP and General Manager of Carrier Electronics, a part of United Technology Corporation. During her 29-year career at Carrier, Johnson held a variety of management positions, including VP and General Manager, Director of Operations, and Global Supply Chain Manager.

Former Credit Suisse Exec Joins Board of Savings and Loan Holding Company

People's United Financial appointed Nancy McAllister as a director. McAllister was, until 2011, Americas Co-Head, Financial Institutions Group, Investment Banking, at Credit Suisse Securities (USA). Her group covered banks, insurance companies, specialty finance, asset management and financial technology institutions. With 30 years of experience in financial services, she currently serves on the PennyMac Mortgage Investment Trust Board.

AOL Appoints Hearst’s General Counsel to Board

AOL appointed Eve Burton, SVP and general counsel of Hearst, to its Board of Directors. Burton brings to AOL extensive leadership experience in the media industry spanning print and digital publishing, cable networks and broadcasting, online media, and government affairs. Burton has been with Hearst since 2002 and also serves as an adjunct professor of constitutional law and journalism at the Columbia University Graduate School of Journalism. Prior to joining Hearst, Burton was VP and chief legal officer of CNN and VP at the New York Daily News. Additionally, she practiced law at Weil Gotshal & Manges. Burton currently serves on the board of directors of the Hearst Corporation and Gryphon Technologies, and is a trustee of Middlebury College.

Oxygen Media Co-Founder Leaves J. C. Penney Board

Geraldine Laybourne, 64, resigned from the Board of Directors of J. C. Penney to dedicate greater time to her new corporate venture, KANDU. Laybourne was previously the Co-Founder (1998) and Chairman and CEO until 2007 of Oxygen Media (cable television network); President of Disney/ABC Cable Networks; and President of Nickelodeon, with which she served in positions of increasing importance.

Zebra Technologies Appoints Investment Expert and Former 3Com Exec as Board Member

Zebra Technologies elected Janice Roberts, 56, to the company's board of directors. Roberts is currently a Venture Advisor at Mayfield Fund, a global venture capital fund based in Silicon Valley, investing in mobile, wireless, communications and consumer technology companies. Prior to that, Roberts held various executive positions at 3Com Corporation (acquired by the HP), where she led its global marketing and business development operations, as well as a number of the company's new business initiatives, including its Palm Computing subsidiary and 3Com Ventures. Roberts currently serves on the Boards of ARM Holdings, and RealNetworks. She is also a director, investor and advisor for several private technology companies and Illuminate Ventures. She serves on the board of the Ronald McDonald House at Stanford.

Fabless Semiconductor Supplier Appoints Seasoned Industry Expert to Board

Fabless semiconductor supplier Cirrus Logic appointed Christine King, 64, to its Board of Directors. King was a director, and president and CEO of Standard Microsystems, an analog and mixed-signal semiconductor provider. Prior to SMSC, she served as president and CEO of AMI Semiconductor, and spent more than 23 years at IBM in various management roles, including her last assignment as VP of Semiconductor Solutions. Ms. King currently serves as a director of QLogic Corporation and IDACORP, Inc., and its principal operating subsidiary Idaho Power Company. She previously served on the boards of AMI Semiconductor, Inc., ON Semiconductor Corporation, Analog Devices, Inc., and Atheros Communications.

Date Range: September 15th - October 20th

Bringing Women on Board: More Fortune 500 & Other Large Boards (2024)

FAQs

What percentage of Fortune 500 boards are women? ›

In 2022, women held more than 30% of Fortune 500 board seats, up from 26.5% in 2020. African American/Black women saw a 47% increase, gaining 86 board seats since 2020. Asian/Pacific Islander women gained 24 seats and saw an increase of 27%. Hispanic women/Latinas saw an increase of 23.7%, totaling 14 seats.

What percentage of Fortune 500 companies are female CEOs? ›

Women CEOs run 10.4% of Fortune 500 companies | Fortune.

What is the average age of the Fortune 500 board members? ›

According to Fortune, the average age of an S&P 500 board member was 63.1 in 2023, and the average age of a first-time board member is 54.4. Being a director remains focused on older generations because that's been the tradition for decades.

How many Fortune 500 board members are there? ›

Many appointees already sit on other boards, which explains why 746 people control 30% of the more than 5,400 available Fortune 500 board seats.

How many women should be on a board? ›

Summary. To reap the value of women's contributions, a board needs at least three female directors.

What percent of the Fortune 500 corporations are headed by a woman? ›

According to Fortune, in 2023, 10.4% of Fortune 500 CEOs were female. About a quarter of these female CEOs became CEOs of their respective companies within the past year.

How many Fortune 500 CEOs are female in 2024? ›

In fact, in 2024*, with no improvement recorded, among the US businesses making the list only 10.4% have a female CEO. In other words, 52 of those 500 companies are run by a woman.

Who is the highest paid female CEO? ›

Lisa Su, CEO and chair of the board of chipmaker Advanced Micro Devices, was the highest paid female CEO in the AP survey for the fifth year in a row in fiscal 2023, bringing in total compensation worth $30.3 million — flat with her compensation package a year earlier.

What industry has the most female CEOs? ›

There has also been a noticeable increase in female CEOs over the last decade. According to an analysis by Challenger, Gray & Christmas (2019), the apparel industry hired the most female CEO replacements (67%), followed by real estate (42%), financial services (24.5%), and the food industry (23%).

Who is the youngest Fortune 500 CEO ever? ›

Who is the Youngest CEO of a Fortune 500 Company? The youngest Fortune 500 CEO is Mark Zuckerberg, who is currently 39 and will be celebrating his 40th birthday on May 14, 2024. Zuckerberg is the co-founder, chairman, and CEO of Meta Platforms, formerly Facebook.

What are the odds of becoming a Fortune 500 CEO? ›

Most had years of prior business roles. Insider data puts the average odds of a graduate trainee eventually becoming a Fortune 500 CEO at around 1 in 2,500.

Who is the youngest CEO of a publicly traded company? ›

26-Year-Old Alex Rodrigues Becomes Youngest Current CEO Of A Publicly Traded Company With $5 Billion Embark SPAC Merger. I cover young people doing big things.

How to increase board diversity? ›

5 Steps to Achieving Diversity on Your Board
  1. Step 1: Define diversity as it relates to the composition of your community. ...
  2. Step 2: Identify the gaps between the diversity of the community and the diversity and expertise of the board, and establish goals. ...
  3. Step 3: Diversify your recruitment sources — quickly.

What percentage of corporate boards are female? ›

Women held 25.8% of board seats at large- and mid-cap companies, up from 24.5% in 2022, but growth slowed compared to previous years. Only 9.1% of board-chair roles were held by women. Although still very low, this percentage has more than doubled since 2019.

Is Fortune 500 a big deal? ›

The Fortune 500 is a list of the largest 500 companies in the United States ranked by total revenue. Since 1955, Fortune magazine has published the annual list, and it is considered one of the most well-known corporate rankings.

What percentage of board directors are female? ›

Women held 25.8% of board seats at large- and mid-cap companies, up from 24.5% in 2022, but growth slowed compared to previous years. Only 9.1% of board-chair roles were held by women. Although still very low, this percentage has more than doubled since 2019.

How many Fortune 500 CEO positions do women hold? ›

As of 2021, women constitute approximately 8% of CEOs in Fortune 500 companies. This illustrates the existence of a gender discrepancy in high-level business positions despite women's notable progress in achievement and education.

What percentage of Fortune 500 CEOs are white males? ›

Overall, 88.8% of CEOs, CFOs, and COOs in the 2022 report are Caucasian, and 88.1% are men. Companies in the financial industry have more than doubled their diversity numbers over the last decade.

How many Fortune 500 CFOs are women? ›

CFO Seats Held by Women Continue Gradual Rise

Data is for 2023 Fortune 500 and S&P 500 companies. For 2023, 674 total companies are represented. Percentages are as of December 31, 2023. The number of women CFOs continued its gradual climb in 2023, as 18.5% (124) of sitting CFOs were women, up from 10% in 2013.

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