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Female CEOs are Taking Over

The percentage of female CEOs in Fortune 500 companies topped 5% for the first time in Quarter 1 of 2017, with 27 women heading major firms. Thankfully, those numbers keep rising. And though male CEOs still outnumber their female peers, progress is definitely being made.

One of the women leading the charge is Jane Fraser, a Scottish-American banking executive.

According to CNN Money, Jane Fraser could soon become the first female banking CEO on Wall Street.

Fraser is currently the CEO of Citigroup’s Latin America operations — she has been promoted numerous times and acceded to four CEO positions, she’s responsible for the company’s operations in 23 countries, and has been called the “Number One Woman to Watch” for two consecutive years by American Banker.

“I look forward to seeing a woman being the first CEO of a Wall Street firm whoever that may be,” Fraser said. “I’ve never had the ambition to be the CEO of Citi or any other organization. Things can change over time. But at the moment, I’ve still got a lot to learn.”

Fraser took over as CEO of Citigroup Latin America back in 2015. Before that role, she was the CEO of U.S. Consumer and Commercial Banking and CitiMortgage. She also served as CEO of Citi’s Global Private Bank, transforming the business in various aspects, as well as recruiting and developing top talent.

At the moment, women make up 51% of Citi’s total employees across the globe, and 32% of the bank’s executive and senior management in the United States.

“There aren’t that many women around, and so a lot of the women want you to succeed, and they want to help you succeed in the organization,” she added.

Though Fraser is garnering some serious media attention as she ascends to the top of Wall Street, there are plenty of other female CEOs that are doing exceptionally well across competitive industries. Here are some of the top female CEOs in the country:

  • Lynn Good — President, CEO, Vice Chair of the Board: Duke Energy. In 2016, the total consumption of energy in the United States was approximately 97.4 quadrillion (1,000 trillion) British thermal units (BTUs). Duke Energy, under the guise of Good, brings in approximately $22.7 billion in revenue and handles all sorts of power holding throughout the U.S., Canada, and Latin America.
  • Mary Barra — CEO: General Motors.Out of the 500 Fortune 500 CEOs, Barra is currently ranked number eight. She has contributed to an unbelievable production output of 9.6 million GM vehicles in 2017 and has helped raise GM’s stocks, as well as strengthen the brand of Chevrolet, GMC, Cadillac, and more.
  • Ginni Rometty — Chairman, President, CEO: IBM.For years, there has been an unfair stereotype about women in tech. Though there are plenty of women revolutionizing the tech industry, Rometty is perhaps the most successful. Rometty has operations in over 170 countries and is currently the worlds ninth-largest information technology company by revenue.
  • Indra Nooyi — Chairman, CEO: PepsiCo, Inc.Nooyi oversees one of the most successful multinational food, snack, and beverage corporations of all time. She doesn’t just help with PepsiCo’s manufacturing, marketing, and distribution of their popular products, but oversees company subsidiaries Frito-Lay, Tropicana Products, Quaker Oats, Gatorade, and more.

It’s a woman’s world.

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