Home » Ladies of Food & Beverage Top Fortune List
Ladies of Food & Beverage Top Fortune List
Fortune magazine in mid-September announced its annual list of the 50 most powerful women in business, and the top three spots belong to ladies of the food & beverage industry. So does No. 10.
For the fourth year in a row, Indra Nooyi leads the pack. At age 53, the chairman and CEO of PepsiCo Inc. “deliver[s] strong profits on $43 billion in sales. Her August deal to buy Pepsi’s two biggest bottlers should produce some $300 million in annual cost savings.” But the magazine notes one weak spot: “Consumers panned the rebranding of Gatorade and Tropicana.”
No. 2 is Kraft Foods Inc.’s Irene Rosenfeld, also a chairman and CEO. The 56-year-old “pianist and avid Rollerblader has advertised heavily during the recession to keep sales of macaroni and cheese and Kool-Aid flowing. Revenue was up 15 percent in 2008, and the stock -- a recent addition to the Dow 30 -- outperformed the S&P over the past year.”
Patricia Woertz, chairman, CEO and president of Archer Daniels Midland Co., is third. The 53-year-old former oil company executive “bet big on ethanol, and ADM's stock has risen 15 percent over the past 12 months.” She also sits on the Procter & Gamble board.
All three women held the exact same places in the magazine’s previous year’s ranking.
The only other woman on the list was Sara Lee’s Brenda Barnes at No. 10. The chairman and CEO, 55, “has shed businesses that made up 40 percent of revenue. Still, the stock has flagged.” She was No. 9 last year.
By the way, Oprah Winfrey was No. 6.
Now, what do they make? According to a separate Fortune list:
Rosenfeld $16 million (no. 7)
Woertz $15 million (No. 9)
Nooyi $14.9 million (No. 10)
Barnes $10.5 million (No. 15)
The magazine also notes: “In 1998 when the Most Powerful Women in Business list premiered, just two of our honorees ran Fortune 500 companies. This year 13 do.”
Campbell to Acquire Plum Organics
No. 2 organic baby food company moves Campbell in a new direction.
PepsiCo Stock Hits 32-Year High, but Why?
Decent first quarter but also investment firms buys a big stake.
Happy Family Bought by Groupe Danone
Dannon parent acquires 92 percent of seven-year-old toddler food company.
Anuga 2013: A Taste of Global Innovations Set to Take Place October 5-9
The huge global food show will be October 5-9 in Cologne, Germany.
Vermont Passes Genetic Labeling Bill
The Vermont House of Representatives approved H.112 on May 10. The bill will go to the senate next in fall 2013. If passed, the earliest the act could become law is January 2014.
GMO Labeling Effort Reaches Washington
Senate and House bills would require the FDA to develop regulations for the labeling of food containing bioengineered ingredients.
Burger King CEO To Take Over at Heinz
Bernardo Hees of 3G Capital is new CEO of Pittsburgh acquisition.
The New Hostess Company Resumes Operations
The Metropolous-Apollo-controlled company plans to reopen four plants and hire workers, but not union labor.
- 04/19/2013 Cheesemaker, Restaurant Chain Hold Mac and Cheese Cookoff
- 04/19/2013 Restaurant Chain That Also Supplies School Lunches Goes Trans Fat-Free
- All news »
Access Food Processing and Wellness Foods magazines on-line and receive an e-mail each month when your new issue is ready. Subscribe Now »
Biweekly updates delivering feature articles, top industry news, company news, product announcements, technical issues and more. Subscribe Now »