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PEPSICO CEO INDRA NOOYI TOPS FORTUNE'S LIST OF THE 50 MOST POWERFUL WOMEN IN BUSINESS FOR SECOND YEAR IN A ROW FOR IMMEDIATE RELEASE
NEW YORK, NY [October 1, 2007] — Indra Nooyi, Chairman and CEO, PepsiCo, takes the No. 1 spot on FORTUNE magazine's tenth annual list of the 50 Most Powerful Women in Business for the second year in a row. With 13 newcomers, FORTUNE's list boasts new heights of achievement — the credentials of these women are the strongest yet. FORTUNE ranked these women at for-profit companies based on the size, importance, and health of their business in the global economy; career momentum; and social and cultural influence. The complete list and accompanying stories appear in the October 15 issue of FORTUNE, available on newsstands October 8 and at www.Fortune.com/mostpowerful on October 1. Rounding out the top ten are: Anne Mulcahy, Chairman and CEO, Xerox (No. 2); Meg Whitman, President and CEO, EBay (No. 3); Angela Braly, President and CEO, Wellpoint (No. 4); Irene Rosenfeld, Chairman and CEO, Kraft Foods (No. 5); Pat Woertz, Chairman, CEO, and President, Archer Daniels Midland (No. 6); Susan Arnold, President, Global Business Units, Procter & Gamble (No. 7); Oprah Winfrey, Chairman, Harpo (No. 8); Andrea Jung, Chairman and CEO, Avon Products (No. 9); and Brenda Barnes, Chairman and CEO, Sara Lee (No. 10). "When the list debuted in 1998, it featured only three CEOs of publicly held companies — Jill Barad of Mattel, Marjorie Scardino of Pearson, and Linda Wachner of Warnaco. Now there are 13 CEOs, with 16 more on the international list. In 1998 it took oversight of about $1 billion to make the cut; today it's closer to $6 billion," FORTUNE editor-at-large Patricia Sellers says in her introduction to the list. "...What changed? The competition got tougher as more female talent threaded its way up the hierarchy. What hasn't changed is the rigor that informs the rankings." New arrivals to the 2007 list include: Angela Braly, President and CEO, Wellpoint (No. 4); Sue Decker, President, Yahoo (returning to the list at No. 20); Diane Greene, CEO, VMware (No .22); Cece Sutton, EVP & Head of Retail and Small Business Banking, Wachovia (No. 28); Sheryl Sandberg, VP, Global Online Sales and Operations, Google (No. 29); Claire Babrowski, EVP and COO, Toys "R" Us (No. 37); Kathleen Murphy, CEO, U.S. Wealth Management, ING (No. 40); Liz Smith, President, Avon Products (No. 42); Pam Nicholson, EVP and COO, Enterprise (No. 44); Melanie Healey, Group President, Global Feminine and Health Care, Procter & Gamble (No. 45); Jan Fields, EVP and COO, McDonald's USA, McDonald's (No. 48); Julia Stewart, Chairman and CEO, IHOP (No. 49); and Cathie Lesjak, EVP and CFO, Hewlett-Packard (No. 50). Several women fell off the list this year. Bumped from the list are: Martha Stewart, Founder, Martha Stewart Living Omnimedia (No. 28 on last year's list); Pat Curran, EVP, Store Operations, Wal-Mart Stores (No. 32 on last year's list); Doreen Toben, CFO, Verizon (No. 36 on last year's list); Paula Reynolds, CEO and President, Safeco (No. 40 on last year's list); Nancy Peretsman, EVP and Managing Director, Allen & Co. (No. 47 on last year's list); Diane Gulyas, Group VP, DuPont (No. 48 on last year's list); Christina Gold, CEO, Western Union (No. 49 on last year's list); and Stacey Snider, CEO, Dreamworks SKG (No. 50 on last year's list). Several women also left their companies, including: Lois Quam, formerly CEO, Ovations, UnitedHealth Group (No. 24 on last year's list); Mary Minnick, formerly EVP, Coca-Cola (No. 31 on last year's list); Ellyn McColgan, formerly President, Distribution and Operations, Fidelity Investments (No. 44 on last year's list); and Claire Watts, formerly EVP, Wal-Mart Stores (No. 45 on last year's list). Several features accompany the list in the October 15 issue of FORTUNE. The cover story by Betsy Morris is a behind-the-scenes look at Xerox, where it's likely that for the first time in FORTUNE 500 history, one woman CEO will be succeeded by another. Peter Gumbel takes a high-style look at CEO Angela Ahrendts of Burberry, and Adam Lashinsky profiles VMware's Diane Greene, the CEO behind the hottest IPO in Silicon Valley. In addition, a photographic essay by Ben Baker shows six executives from this year's list who are on the cusp of leading a company. The publication of the list coincides with FORTUNE's annual Most Powerful Women Summit, the premier gathering of women leaders in business, government, academia, philanthropy and the arts. The FORTUNE Most Powerful list women and others convene for enlightening conversations and panels around this year's theme, "Driving Change."
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