Top Women CEO's Of F500 Companies

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` ANGELA BRALY Title: President and CEO Company: WellPoint Company rank: 33 Age: 46 Compensation: $9.1 million To outsiders, Angela Braly was a relative unknown when she took over WellPoint, the country's largest health insurer, last June. Internally, though, she is credited with orchestrating the $6.5 billion acquisition of WellChoice, also known as Empire Blue Cross Blue Shield, in 2005. The Texan's first year as CEO of the $60 billion behemoth put her directly in the public eye and has been far from easy: Within two weeks after taking the helm, Michael Moore's Sicko was released, criticizing America's health care system and singling out the company's practice of denying coverage to patients. Braly also found herself searching for a new CFO after he was ousted for violating the company's personal code of conduct amid allegations of philandering. While no one can agree on the best way to fix an ailing healthcare system, there's no disputing that Braly - the only woman CEO of a Fortune 50 company - has one of the toughest jobs in business.

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Transcript of Top Women CEO's Of F500 Companies

Page 1: Top Women CEO's Of F500 Companies

`ANGELA BRALY

• Title: President and CEO

• Company: WellPoint

• Company rank: 33

• Age: 46

• Compensation: $9.1 million

To outsiders, Angela Braly was a relative unknown when she took over WellPoint, the country's largest health insurer, last June. Internally, though, she is credited with orchestrating the $6.5 billion acquisition of WellChoice, also known as Empire Blue Cross Blue Shield, in 2005.

The Texan's first year as CEO of the $60 billion behemoth put her directly in the public eye and has been far from easy: Within two weeks after taking the helm, Michael Moore's Sicko was released, criticizing America's health care system and singling out the company's practice of denying coverage to patients. Braly also found herself searching for a new CFO after he was ousted for violating the company's personal code of conduct amid allegations of philandering.

While no one can agree on the best way to fix an ailing healthcare system, there's no disputing that Braly - the only woman CEO of a Fortune 50 company - has one of the toughest jobs in business.

Page 2: Top Women CEO's Of F500 Companies

PATRICIA WOERTZ                                      Title: Chairman, President and CEO Company: Archer Daniels Midland Company rank: 52 Age: 55 Compensation: $7.6 million

Patricia Woertz doesn't let convention drive her career choices. For much of her professional life, she's worked in male-dominated fields, including 30 years devoted to the oil industry. And in her latest stint as CEO of Archer Daniels Midland, the former Chevron executive vice president is proving she can take on just about any challenge--even agriculture, an industry she never worked in before she became CEO in May 2006.

As Woertz learns about harvesting soy, wheat and corn crops, she's also busy making deals that will allow the company to commercially produce corn-based, biodegradable plastic.

Page 3: Top Women CEO's Of F500 Companies

INDRA NOOYI                                     

 Title: Chairman and CEO

Company: PepsiCo

Company rank: 59

Age: 52

Compensation: $11.8 million

PepsiCo is on a binge--a $1.3 billion feast of acquisitions. But it's

not for fat or sugar-laden products. Instead, Indra Nooyi (who's

been CEO since 2006) has been culling from a menu of natural

and organic snacks and drinks. The beverage giant has already

bought Naked Juice, which promises antioxidant-heavy, no-

sugar-added smoothies, and Stacy's Pita chips.

Nooyi's motivation has been to make moves that fatten up the

bottom line without adding to the expansion of customers'

waistlines. The strategy seems to be working: In 2007, Nooyi's

first full year as CEO, revenue increased 12% to $39.5 billion.

Page 4: Top Women CEO's Of F500 Companies

IRENE ROSENFELD        

Title: Chairman and CEO

Company: Kraft Foods

Company rank: 63

Age: 54

Compensation: $11.3 million

The good news: Irene Rosenfeld, who became CEO in June 2006,

finally gets to call the shots at Kraft after it spun off from Altria

(which owns Philip Morris) last year. The bad news? That

independence means she has to deliver digestible numbers at a

time when dairy prices pressure sales of some key products,

such as Kraft Singles and Philadelphia Cream Cheese. Even kid

favorites--Oreos cookies and Oscar Mayer cold cuts--are seeing

more shelf-time than lunchboxes.

But Rosenfeld is hoping to regain both lunch time and Wall

Street popularity with a three-year growth plan, which calls for

job cuts, innovating current products, and even unloading some

product lines. Corporate buyers have already lightened Kraft's

load: Sunny Delight Beverages Co. acquired Veryfine juices and

Ralcorp Holdings snapped up Post Cereals.

Page 5: Top Women CEO's Of F500 Companies

CAROL MEYROWITZ                                     

Title: President and CEO

Company: TJX

Company rank: 132

Age: 54

Compensation: $7.6 million

Carol Meyrowitz took over TJX, the largest off-price

retailer (home to T.J.Maxx and Marshall's), just as a major

security breach unraveled early last year. That violation,

which compromised the information of millions of

customers, led to an investigation and millions of dollars

of settlement fees paid by TJX to Visa and MasterCard.

But not everything has been burdensome for the 25-year

retail vet: Meyrowitz recently reported the company's

financial results, including a 4.6% net income increase

and a 22% dividend hike for shareholders.

Page 6: Top Women CEO's Of F500 Companies

MARY SAMMONS                                     

Title: Chairman, President and CEO

Company: Rite Aid

Company rank: 142

Age: 61

Compensation: $4.3 million

Mary Sammons can be credited with helping revive Rite Aid: The

drugstore operator was in the corporate ER facing bankruptcy

because of an accounting scandal when she joined the troubled

company as president in 1999.

Rite Aid, now a $17.5 billion powerhouse, has fully recovered and is

making more positive headlines, this time for becoming the third-

largest national drugstore outfit after it bought the Brooks and

Eckerd pharmacy chains in 2007. Sammons is still hard at work and

is focusing on bringing in new products to its more than 5,000

stores.

Page 7: Top Women CEO's Of F500 Companies

ANNE MULCAHY                                     

Title: Chairman and CEO

Company: Xerox

Company rank: 144

Age: 54

Compensation: $13.5 million

When Anne Mulcahy took over Xerox in 2001, the problems were

not as simple as replacing a toner cartridge. Error signals were

flashing: The company was under investigation by the SEC for

overstating its financial results and was facing $15 billion of

mounting debt.

After successfully completing the daunting task of engineering

Xerox out of its predicaments, Mulcahy emerged with one of the

best comeback stories of corporate America. Today, sales have

steadily increased to $17.2 billion, an 8% increase over last year,

and the company has a brighter future thanks to bets it placed

on color printing and document management.

Page 8: Top Women CEO's Of F500 Companies

BRENDA BARNES                                     

Title: Chairman and CEO

Company: Sara Lee

Company rank: 203

Age: 54

Compensation: $8.7 million

When Brenda Barnes was hired to lead Sara Lee in 2005, she

noticed there were too many cooks in the kitchen. Headcount,

especially at the management level, needed to come down. The 22-

year PepsiCo vet has steered Sara Lee into leaner territory by

cutting and consolidating (Sara Lee's portfolio once included

undergarment-maker, Hanes, among its namesake cakes and pies).

Having trimmed the fat, Barnes is now dealing with skyrocketing

wheat and corn prices. She hopes aggressive marketing, price

increases and new food aisle arrivals like bite-size cheesecakes will

help the $13 billion food conglomerate rebound from the 29%

revenue drop it saw in 2007.

Page 9: Top Women CEO's Of F500 Companies

ANDREA JUNG                                     

•  Title: Chairman and CEO

Company: Avon Products

Company rank: 265

Age: 49

Compensation: $13.7 million

Corporations, like people, are sensitive to signs of aging. In 2005,

Avon underwent a renewal treatment to update its product mix, and

reduce costs in an effort to increase sales and profits. Andrea Jung,

who's been CEO since 1999, boosted spending on advertising and

innovation while she reduced overall staff.

The bets have paid off. Last year, Avon's revenue--nearly $10

billion--and profits of $530 million grew at double-digit rates. Now

121 years old, Avon has regained appeal among young and old with

quality lotions and hipper makeup, and has set its global expansion

sights on attracting Chinese customers. The Chinese government, in

recent years, loosened restrictions on direct sales and, in late

February 2006, Avon was granted a direct-selling license by China's

Ministry of Commerce.

Page 10: Top Women CEO's Of F500 Companies

SUSAN IVEY                                     

Title: Chairman, President and CEO

Company: Reynolds American

Company rank: 290

Age: 46

Compensation: $9.5 million

Susan Ivey became the first lady of tobacco in 2004. It's a job

that comes with its share of hardships--lawsuits, backlash from

the government and the public and tough competition from

other cigarette companies.

But Ivey, who's been in the industry for more than 25 years,

has proved she knows how to grow a company under

unfavorable conditions: A bet on a smokeless tobacco firm and

innovations helped revenue grow 6% to $9 billion last year,

and shareholders have seen an 80% dividend increase since

Reynolds American started trading in 2004.

Page 11: Top Women CEO's Of F500 Companies

PAULA ROSPUT REYNOLDS                                     

Title: President and CEO (becomes Chairman May 7)

Company: Safeco

Company rank: 388

Age: 51

Compensation: $6 million

There are no speed limits for Paula Rosput Reynolds, the CEO

of Safeco. She's been making big moves since she arrived at

the $6 billion property and casualty insurance company in

2006. But that doesn't mean she's reckless.

Reynolds has already made headway on the technology and

innovation front. Last June the company made headlines with

Teensurance, a high-tech program that comes with the

benefits of GPS tracking and text message alerts for caregivers

of young speeding drivers. Reynolds also sold off Safeco's

headquarters in 2007 and is now leasing office space to reduce

debt.

Page 12: Top Women CEO's Of F500 Companies

CHRISTINA GOLD                                     

Title: President, CEO and Director

Company: Western Union

Company rank: 473

Age: 60

Compensation: $9.4 million

Language barriers may prevent Christina Gold from

speaking to Western Union tellers in every country around

the globe. But as the company's imprint expands to 200

countries and yearly transactions pass the 200 million

mark, Western Union's success needs no translation:

Remittances are booming to a worldwide tune of nearly

$320 billion last year.

In early April, the company announced mobile money

transfers that would allow U.S .customers to send money

abroad by using their cell phones.