NEW YORK: Erdoes named to Fortune's 2012 'Most Powerful Women in Business' list
Sep 20, 2012
For the second straight year, Asset Management CEO Mary Erdoes was ranked No. 24 in Fortune's annual list of the “50 Most Powerful Women in Business.”
This marks Erdoes’ third consecutive appearance in the top 30, having made her debut at No. 30 in the magazine’s 2010 list. Erdoes’ ranking puts her ahead of other notable women, including OWN CEO Oprah Winfrey, UnitedHealthCare CEO Gail Boudreaux, NBC Universal Cable Chairman Bonnie Hammer and Laura Sen, President and CEO of BJ's Wholesale.
“Revenue for her business climbed 6%, to $9.5 billion, last year, and Erdoes’ assets grew to $2 trillion, a new high,” Fortune wrote of Erdoes.
IBM Chief Ginni Rometty took the top spot, ahead of PepsiCo's Indra Nooyi and Hewlett-Packard's Meg Whitman. Irene Rosenfeld of Kraft Foods and Ellen Kullman of Dumont rounded out the top five.
On the latest list, Erdoes also joins executives from Facebook, McDonald’s, Google and a wide range of other corporations. The complete 2012 ranking, which appears in the magazine’s Oct. 8 issue (available on newsstands Sept. 24), is viewable here: Fortune’s 50 Most Powerful Women in Business.
Erdoes has frequently appeared in other rankings of powerful women, including Forbes’ listing of the 100 Most Powerful Women in the World and American Banker’s Most Powerful Women in Banking and Finance.
According to Fortune, the Most Powerful Women in Business list is compiled by its editors based on 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 societal and cultural influence.