[box type=”info” align=”” class=”” width=””]by Katharina Buchholz, [/box]
The ascent of Jane Fraser as the head of Citigroup adds a new high-profile female CEO to the quite meager roster of woman leaders among Fortune 500 companies. As of September 2020, there were 36 female CEOs employed at America’s 500 highest-grossing companies – just over 7 percent. That number will rise to 37 when Fraser reports to the job in February. Unless other handovers occur, the Scottish-American Cambridge grad will be at the helm of the third-biggest female-led company in the United States. She will also be the first woman to ever lead a major U.S. Bank.
Calls for more equitable hiring seem to be slowly bearing fruit in the higher echelons of the business world, even though numbers fluctuate: There were 24 female CEOs in the 2018 Fortune 500, while the 2017 Fortune list counted 32 female top executives.
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