Thursday, December 1, 2022

19 Women on Fortune Most Powerful List Lead CalChamber Member Companies

Four out of the top five executives on Fortune magazine’s latest ranking of the 50 most powerful women in business lead California Chamber of Commerce member companies. The magazine’s list includes a total of 19 CalChamber member company executives.

The list features an all-time record of 24 large-company CEOs, and many of the women highlighted are leading in key industries such as tech, energy, defense and autos. The magazine notes that when it published its original list in 1998, most of the executives featured “‘came from industries with a premium on creativity,’ such as advertising, media and publishing, with ‘no top women at blue-chip firms.’”

CalChamber Members List

The CalChamber member company executives featured in Fortune magazine’s ranking are:

• No. 1: Ginni Rometty, chairman, CEO and president, IBM;

• No. 2: Mary Barra, CEO, General Motors;

• No. 3: Indra Nooyi, chairman and CEO, PepsiCo;

• No. 4: Marillyn Hewson, chairman, CEO and president, Lockheed Martin;

• No. 10: Sheryl Sandberg, chief operating officer, Facebook;

• No. 11: Phebe Novakovic, chairman and CEO, General Dynamics;

• No. 14: Safra Catz, co-president and chief financial officer, Oracle;

• No. 15: Rosalind Brewer, CEO and president, Sam’s Club, Wal-Mart Stores;

• No. 22: Pam Nicholson, CEO and president, Enterprise Holdings;

• No. 28: Gisel Ruiz, executive vice president and chief operating officer, Wal-Mart U.S., Wal-Mart Stores;

• No. 30: Debra Reed, chairman and CEO, Sempra Energy;

• No. 33: Bridget van Kralingen, senior vice president, global business services, IBM;

• No. 34: Carrie Tolstedt, senior executive vice president of community banking, Wells Fargo;

• No. 35: Lori Lee; senior executive vice president, home solutions, AT&T;

• No. 36: Susan Cameron, CEO and president, Reynolds American;

• No. 40: Ilene Gordon, chairman, CEO and president, Ingredion;

• No. 44: Debra Crew, president and general manager, North America Nutrition, PepsiCo;

• No. 45: Sondra Barbour, executive vice president, information systems and global solutions, Lockheed Martin; and

• No. 48: Jane Fraser, head of U.S. consumer and commercial banking and global mortgages, Citigroup.

Complete List

In compiling the list, Fortune said its editors consider four criteria: “the size and importance of the woman’s business in the global economy, the health and direction of the business, the arc of the woman’s career (resume and runway ahead), and social and cultural influence.”

The complete “50 Most Powerful Women” list is available at

The California Chamber of Commerce is the largest, broad-based business advocate to government in California, working at the state and federal levels to influence government actions affecting all California business. As a not-for-profit, we leverage our front-line knowledge of laws and regulations to provide affordable and easy-to-use compliance products and services.

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