This week, Fortune has released its annual list of the Most Powerful Women in Business, in which Accenture chief executive Julie Sweet grabbed the top spot.
The CEO of Accenture, Julie Sweet, tops the 23rd annual list of Most Powerful Women in Business that Fortune unveiled on Monday, October 19. Meanwhile, the soon-to-be chief of CitiGroup, Jane Fraser, has returned to the list, in which she will become the first female leader of a major US bank.
Chief executive Sweet of Accenture, a professional services company, nabbed the top spot. The 53-year-old CEO came from 9th place in last year’s rank. Sweet has been at the top of Accenture for one year and with the professional services company for a decade. Moreover, she also led over half a million employees from across the world during the health crisis. Future CEO of Citigroup, Fraser, places sixth. In February, she will become the first woman to oversee a major US bank.
Meanwhile, General Motors chair and chief Mary Barra landed second on the list, same as last year. Fortune said that during the health crisis, Barra’s company, GM, has provided 30,000 ventilators.
More Female Leaders
The third on the list is Fidelity Investments chair and CEO, Abigail Johnson. Last year, the majority of Fidelity’s new employees were women and/or people of color. Gail Boudreaux, president and CEO of Anthem, came in fourth. And the fifth place went to UPS chief and former exec at Home Depot, Carol Tomé.
Other female executives in the tech also made it to the list. Senior VP and chief financial of Alphabet’s Google, Ruth Porat, ranked seventh. Female leaders of retail also got recognized, like Best Buy chief Corie Barry in the ninth, and Walmart International president and CEO Judith McKenna on the tenth.
Fortune’s 2020 Selection
Since the list began in 1998, Fortune has used the same criteria. Those include the scope and importance of the woman’s business, career arc, the health and direction of her business, and influence.
But according to Fortune, 2020 is the year to bid farewell to their usual criteria. The publication also said that “it became clear that the approach we have taken with this ranking… must change too.”
Particularly, Fortune also considered how the female executives use their power. “In this moment of crisis and uncertainty, we asked: Is she using her influence to shape her company and the wider world for better?”