2021 is seeing a new record of female CEOs at Fortune 500 companies. As of June, there were 41 female CEOs employed at America's 500 highest-grossing companies. Yet, the new high still only translates to around 8 percent female representation at the top of the country's biggest public businesses.
Calls for more equitable hiring seem to be slowly bearing fruit in the higher echelons of the business world, as the number of female CEOs has risen for the third year in a row.
A notable recent addition is Roz Brewer, who joined Walgreens Boots in March, making her the CEO of the top 3 female-led company in America. The appointment of Thasunda Brown Duckett as CEO of TIAA in May also marked the first time two African-American women led Fortune 500 companies at the same time.
Karen Lynch taking over the lead at CVS Health in February meanwhile made the company the biggest in Fortune 500 history to ever be led by a women. 2020 revenues rank the pharmacy and healthcare chain as the fifth biggest public business in the U.S., bringing in $256.8 billion. Preliminary 2021 figures even see CVS Health move into rank 4, overtaking crisis-shook Exxon Mobile.
In 2019, the highest-grossing company with a female CEO had been General Motors, then in rank 13.