Mary Barra, CEO of GM, has been named Fortune’s most powerful woman in business. The recognition is part of Fortune’s 27th Most Powerful Women list, which ranks 100 global leaders based on multiple criteria. Barra is noted as a pioneer in the auto industry, being one of nine women CEOs with over a decade of leadership. The list features other prominent leaders from major corporations.
Mary Barra, the esteemed Chair and CEO of General Motors Co., has been recognized as the most powerful woman in business by Fortune, as announced on Wednesday. This recognition comes as part of the 27th edition of Fortune’s Most Powerful Women list, which honors 100 global leaders, including 65 women CEOs. The rankings are determined by several factors, including the size and health of their respective companies, individual career trajectories, influence beyond their organizations, and their capacity to wield power effectively. Fortune characterized Ms. Barra as a “trailblazer in the auto industry,” highlighting her remarkable distinction as one of only nine current female CEOs of Fortune 500 companies who have been at the helm for a decade or longer. The top ten women leading this prestigious list include: 1. Mary Barra – General Motors Co. 2. Karen Lynch – President and CEO of CVS Health 3. Jane Fraser – CEO of Citigroup 4. Julie Sweet – Chair and CEO of Accenture 5. Emma Walmsley – CEO of GlaxoSmithKline 6. Safra Catz – CEO of Oracle 7. Lisa Su – Chair and CEO of Advanced Micro Devices 8. Kathryn McLay – President and CEO of Walmart International 9. Grace Wang – Co-founder and Chairwoman of Luxshare Precision Fortune first compiled the Most Powerful Women list in 1998, aiming to acknowledge women leading major firms in a predominantly male business environment. Furthermore, it has been noted that GM reported a 2.2% dip in U.S. sales during the third quarter of the year, attributing this decline to reduced fleet demand. Additionally, GM is preparing to release a number of temporary factory workers due to an ongoing disagreement with the local United Auto Workers (UAW) union. Ms. Barra is scheduled to share insights at the Fortune Most Powerful Women Summit on October 16.
This recognition from Fortune reflects a growing acknowledgement of women’s leadership roles in traditionally male-dominated industries, particularly in business and corporate governance. Mary Barra’s position as a prominent female CEO highlights significant challenges and breakthroughs faced by women in achieving leadership roles in major companies. The inclusion of women in the top ranks of corporate leadership continues to be a vital conversation, especially as progress in gender equality remains a key agenda in various sectors.
In conclusion, Mary Barra’s designation as Fortune’s most powerful woman in business underscores her exceptional leadership qualities and her influence within the corporate world. As a figurehead for women in business, her achievement not only celebrates her personal success but also serves as a beacon for future generations of female leaders. The Fortunes Most Powerful Women list continues to inspire and drive conversations around gender equality in corporate leadership.
Original Source: www.freep.com
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