logo
A record number of women are Fortune 500 CEOs

A record number of women are Fortune 500 CEOs

Axios03-06-2025

The number of women running Fortune 500 companies hit a new high this year, per the latest tally by Fortune magazine.
Why it matters: It's still a shockingly low number, considering that women make up half the population, and are now outpacing men in education and other spheres.
By the numbers: There are 55 women CEOs leading the nation's biggest firms by revenue.
This is the first time the share of women leading these giant firms has crossed the 10% barrier.
Zoom in: The highest ranked Fortune 500 firm run by a woman is General Motors (ranked 18 on the list), led by CEO Mary Barra.
Six companies, including CVS Health and Duke Energy, lost a woman leader this year and replaced her with a male CEO, Fortune reports.
Meanwhile, nine new women landed the top spot at other firms, most of them promoted from within.
Between the lines: The turn away from diversity, equity and inclusion poses threats to women's progress to the top job, Jennifer McCollum, president and CEO of Catalyst, a workplace gender equity organization, tells Fortune.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Former Dell Executive Launces Heart Health Supplement Company
Former Dell Executive Launces Heart Health Supplement Company

Entrepreneur

time24 minutes ago

  • Entrepreneur

Former Dell Executive Launces Heart Health Supplement Company

Joel Kocher, CEO of humann, is betting on nitric oxide to change how people think about heart health. Opinions expressed by Entrepreneur contributors are their own. Joel Kocher thought he was done. After more than two decades in senior tech leadership—as a Fortune 500 company CEO and then seven years at Dell where he rose to become the #2 executive behind Michael Dell —he retired at 49. But something felt off. "I hated it," he says. "I did all the things you're 'supposed' to do—consulting, investing, coaching. None of it lit me up." One unexpected meeting changed his entire plan. A friend invited him to sit in on a presentation at the University of Texas Health Sciences Center. Researchers there had spent years studying nitric oxide, a little-known but critical gas molecule in cardiovascular health, and wanted to bring their findings to market. "I'd never heard of nitric oxide," Joel recalls. "But by the end of that meeting, I called my wife and said, 'We're doing this.' I didn't know what I was signing up for, but I knew I couldn't walk away." That chance encounter launched humann, a heart health supplement brand built around nitric oxide science and is on a mission to change the trajectory of cardiovascular health in the world. Fourteen years and 8 published clinical studies later, humann has become a mission-driven company with a large consumer following. He came on the One Day with Jon Bier podcast to talk about how he went from burnout to building again, and what he's learned from launching a science-backed company in one of the most unregulated spaces in health and wellness - the supplement category. Success doesn't guarantee repeat success At Dell, Kocher helped lead the company through a period of massive growth. He figured he could do it again. So when he stepped into his next role, he brought that same confidence with him. But it didn't play out the way he expected. "You learn a tough lesson," he says. "After the prolific success at Dell, I thought I had it dialed. I could do it anywhere, anytime I wanted, on command." Now he approaches every new endeavor with fresh eyes. "Every business has its own set of challenges. And you have to figure out how to conquer them." Related: Entrepreneurial Success Comes Down to Having the Right Mindset — Here's How to Make Sure You Do Shortcuts aren't an option Kocher knew that cutting corners might have made things easier in the short term. But from the start, he was committed to doing it the right way, telling himself, "If you're going to do this, do it the way it should be done." That meant investing in clinical trials, hiring real scientists, and holding the company to standards most supplement brands avoid. humann has completed 8 published clinical studies brought on a Science Advisory Board that includes leading experts in the field of cardiovascular wellness, and is trusted by over 6,000 medical practitioners and professionals. Ferid Murad, MD, PhD and Nobel Laureate (1936 - 2023) was among three pharmacologists who made the Nobel Prize-winning discovery of Nitric Oxide. Dr. Murad served on humann's Science Advisory Board from 2020 until his passing in 2023. It was slower, harder, and more expensive, but it was the only path that felt right. Related: From Lab to Launch: Scientists 'Cook Up' the Next Big Startup Make education part of the product Kocher learned early on that even the best science won't sell itself. When humann ran focus groups before launch, they discovered that most consumers—and even physicians—had never heard of nitric oxide. "We did three focus groups with consumers and two with physicians… Not a single person had ever heard of nitric oxide," he says. "A couple of them thought we were talking about laughing gas." That experience made one thing clear: before they could market a product, they had to teach people why it mattered. Don't let bad news derail you After the focus groups, Kocher stood under a streetlight and seriously questioned whether to move forward. With limited capital and a massive education gap, it didn't feel worth the hassle. But instead of walking away, he chose to slow down, re-strategize, and rebuild the path forward. "I'm bullheaded as hell," he recalls. "After I stood there for 30 minutes, I said, 'Screw it. This is too important a mission. We're doing this. We're gonna figure it out.'" Related: Every Entrepreneur Pivots Their Business Eventually — But in the Age of AI, the Stakes Have Never Been Higher

Trump hints he may raise auto tariffs ‘in the not too distant future'
Trump hints he may raise auto tariffs ‘in the not too distant future'

The Hill

time33 minutes ago

  • The Hill

Trump hints he may raise auto tariffs ‘in the not too distant future'

President Trump said Thursday that he may increase tariffs on automobile imports 'in the not-too-distant future.' 'To further defend our autoworkers, I imposed this 25 percent tariff on all foreign automobiles, and investment in American manufacturing and auto manufacturing—all manufacturing—is surging,' Trump said. 'And I might go up with that tariff in the not-too-distant future,' Trump added. 'The higher you go, the more likely it is they build a plant here.' His comments came at a White House event to block a California state rule that would ban the sale of new gas-powered cars by 2035. Trump touted incoming investments from Ford and General Motors, crediting his tariffs for those announcements. However, foreign carmakers like Hyundai have warned they may have to raise prices because of tariffs. The president has aggressively imposed — and pulled back — tariffs on various sectors, such as automobiles and steel and aluminum, while threatening additional tariffs on pharmaceuticals and other specific imports. He has also imposed a 10 percent blanket tariff on all imports while announcing and later suspending higher tariff rates on dozens of other nations.

GM slow-rolls its all-EV aspirations
GM slow-rolls its all-EV aspirations

Politico

timean hour ago

  • Politico

GM slow-rolls its all-EV aspirations

General Motors quietly closed the door this week on a goal to make only electric vehicles by 2035. The automaker announced Tuesday that it would spend $4 billion on mostly gasoline-powered vehicles. While GM is not retreating from EVs, the investment means the company is 'giving up any hope of achieving that [2035] goal,' said Sam Abuelsamid, an auto analyst at Telemetry, a Detroit-area research firm. Asked Wednesday whether the goal still exists, GM said in a statement, 'We still believe in an all-EV future.' GM's move away from the 2035 goal is less a singular failure and more a symptom of flagging support among many actors, including government, other automakers, charging companies and car buyers, analysts said. Much has changed since GM set the EV target, just after President Joe Biden took office and amid a surge of confidence in the auto industry about widespread EV adoption. Four years later, the Trump administration is dismantling Biden-era federal support for EVs and implementing high tariffs, upsetting automakers' production plans. Those federal moves, combined with a cooling desire for EVs among car buyers, has moved the sunset date for the internal combustion engine to a vague someday. GM is still ramping up EV production. Earlier this week, it trumpeted the fact that it sold 37,000 EVs in the first quarter of the year, making it the number two EV maker in the U.S. behind Tesla. The company's 2035 goal 'was aspirational. It was more an idea than a strategy,' said Alan Baum, an independent Detroit auto analyst. 'GM's doing a better job than many of their competitors, but there's obviously a relatively low ceiling because of the lack of supportive policy.' GM's all-EV goal back in 2021 was one of the earliest and most prominent of a wave of automaker commitments to electric vehicles. At the time, GM CEO Mary Barra encouraged others to 'follow suit and make a significant impact on our industry and on the economy as a whole.' Others did follow — and all of those promises have been tempered by new realities. Last year, European automakers Volvo, Porsche, Volkswagen and Mercedes all dropped earlier goals that would have seen them producing all or mostly EVs by the early 2030s. Back in 2021, GM also put an asterisk on its 2035 target. 'We say it as an aspirational goal, because to actually make that timing, we need some external things to come together also,' spokesperson Jessica James said at the time. Barra reiterated last month that the company still wants an 'all-EV future.' 'EVs are fundamentally better,' she said at a Wall Street Journal event late last month. 'We have work to do to continue to get battery technology to give us greater density, so we have farther range. We need to have a robust charging infrastructure.' Automakers, including GM, have been mostly mum in public as the Trump administration and Republicans in Congress seek to kill tax incentives that make it cheaper for manufacturers to produce batteries and consumers to buy EVs. But through the main U.S. automotive lobby, the Alliance for Automotive Innovation, automakers have vociferously opposed California's plans to require all-electric auto sales by 2035. The Republican-controlled Congress voted to kill that California 2035 all-EV sales goal — the same one that GM first set for itself — through the Congressional Review Act. The move came after the Senate parliamentarian told lawmakers they couldn't repeal the goal through the CRA. The bill awaits a signature by Trump, after which the California attorney general has pledged to sue. GM's announcement that it would invest $4 billion in domestic manufacturing essentially shuffles production among factories in ways that will help the company dodge Trump's tariffs. It is moving production of about a half-million gasoline-powered vehicles from Mexico to factories in the U.S., according to an analysis by Abuelsamid of Telemetry. Doing so will enable GM to avoid 25 percent tariffs that the Trump administration has placed on vehicles imported from Mexico. For example, the production of several full-size SUVs and pickup trucks will transfer to GM's Orion plant, north of Detroit. The gas-powered Equinox, a strong U.S. seller, will move to the Fairfax plant in Kansas City. The gas-running Blazer will go to the company's Spring Hill plant in Tennessee. Meanwhile, more EV production will move to GM's Factory Zero, a dedicated EV plant in metro Detroit that is running far below capacity. Electric versions of the Chevrolet Silverado and GMC Sierra pickup trucks will now get made in the plant, alongside other large EVs made in low volumes, including the Cadillac Escalade IQ and the Hummer. Other EVs will be made elsewhere. Other electric Cadillacs, for example, will be made at the Spring Hill plant, while a rebooted version of the Chevy Bolt will be produced at the Fairfax plant, which the company described as the site for the 'next generation of affordable EVs.' Those changes, combined with other recent moves, make it clear that GM is laying the groundwork to produce gas-powered vehicles well into the 2030s. In May, the Detroit automaker said it would ditch plans to make electric motors at its Towanda Production plant in Buffalo, New York, and instead spend $888 million to make V-8 engines. In 2023, GM put $579 million toward refurbishing an engine plant in Flint, Michigan. Electric vehicles don't have engines — they rely instead on batteries for propulsion. Engine factories are large, fixed investments that are meant to operate for 15 years or more, according to Neal Ganguli, a managing director and auto-manufacturing expert at the business advisory firm AlixPartners. Meanwhile, the manufacturing lines that make finished cars — like the ones GM unveiled this week — have shorter but still lengthy lives. 'When you put these [manufacturing lines] in, you are planning on a five- to seven-year time horizon,' Ganguli said. 'Maybe 10 years.' Analysts said General Motors' swerve back into the gasoline lane — and away from the path to all EVs by 2035 — is not a surprise, given the market and policy realities. 'It was always a long shot at best,' said Abuelsamid.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store