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PEPSICO CEO INDRA NOOYI TOPS FORTUNE'S LIST OF THE 50 MOST POWERFUL WOMEN IN BUSINESS FOR THIRD YEAR IN A ROW
List-Toppers to Attend the Tenth-Annual FORTUNE Most Powerful Women Summit

 

NEW YORK, NY [September 29, 2008] — Indra Nooyi, Chairman and CEO, PepsiCo, takes the No. 1 spot on FORTUNE magazine's eleventh annual list of the 50 Most Powerful Women in Business for the third year in a row. This year's list boasts eight newcomers, as well as notable firsts — Sunoco's Lynn Elsenhans is the first woman in history to run a major U.S. oil company, Google's Marissa Mayer is the youngest honoree ever at age 33 — and notable departures. Sallie Krawcheck, who last week announced plans to leave Citigroup, stepped out of her spot as the most watched woman on Wall Street.

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 13 issue of FORTUNE, available on newsstands October 6 and at www.Fortune.com/mostpowerful on September 29.

Rounding out the top ten are: Irene Rosenfeld, Chairman and CEO, Kraft Foods (No. 2); Pat Woertz, Chairman, CEO, and President, Archer Daniels Midland (No. 3); Anne Mulcahy, Chairman and CEO, Xerox (No. 4); Angela Braly, President and CEO, Wellpoint (No. 5); Andrea Jung, Chairman and CEO, Avon Products (No. 6); Susan Arnold, President, Global Business Units, Procter & Gamble (No. 7); Oprah Winfrey, Chairman, Harpo (No. 8); Brenda Barnes, Chairman and CEO, Sara Lee (No. 9); and Ursula Burns, President, Xerox (No. 10).

"Perhaps the only thing more challenging than the business environment this year was the criteria for making the list," FORTUNE editor-at-large Patricia Sellers says in the introduction to the list. "The list was our most competitive yet."

New arrivals to the 2008 list include: Susan Chambers, EVP, Global People Division, Wal-Mart (No. 25); Meredith Whitney, Managing Director and Senior Financial Institutions Analyst, Oppenheimer & Co. (No. 35); Sherilyn McCoy, Worldwide Chairman, Surgical CareGroup, Johnson & Johnson (No. 44); Gail Boudreaux, President, United HealthCare and EVP, United HealthGroup (No. 45); Lorrie Norrington, CEO, Marketplace Operations, eBay (No. 46); Terri Dial, CEO, U.S. Consumer Bank, Citigroup (No. 47); Lynn Elsenhans, CEO and President, Sunoco (No. 48); and Marissa Mayor, Vice President, Search Products and User Experience, Google (No. 50).

Several high-profile women have dropped off the list. Among the twelve women: Meg Whitman, President and CEO, eBay; Sallie Krawcheck, Chairman and CEO, Global Wealth Management, Citigroup; Christine Poon, Vice Chairman, Johnson & Johnson; Shelly Lazarus, CEO (but still Chairman), Ogilvy Worldwide; Dawn Hudson, President and CEO, Pepsi-Cola North America, PepsiCo.; Linda Dillman, EVP, Risk Management, Benefits, and Sustainability, Wal-Mart Stores; and Zoe Cruz, Co-President, Morgan Stanley.

Several features accompany the list in the October 13 issue of FORTUNE, including: "The New Valley Girls," by Sellers, which profiles the tech world's new inner circle of women who rely on a unique social network to get ahead; and an excerpt from a new book, "The Decline of Men," by author Guy Garcia, which explores whether or not guys are cut out for the womanized workplace of the 21st century.

The publication of the list coincides with FORTUNE's tenth annual Most Powerful Women Summit, the premier gathering of women leaders in business, government, academia, philanthropy and the arts, which will be held October 1-3 in North San Diego, California. The theme of this year's summit is "Extraordinary Talent" and highlights include: a conversation with FORTUNE's Carol Loomis and Warren Buffett, Chairman and CEO, Berkshire Hathaway Inc.; a conversation with Time Inc. Chairman and CEO Ann Moore and Indra Nooyi (No. 1 on this year's list); yoga with Martha Stewart; bridge with Warren Buffet; Wii Olympics; and a celebration of the FORTUNE/U.S. State Department Mentoring Partnership and The Goldman Sachs/FORTUNE Global Women Leaders Award.

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About FORTUNE
FORTUNE is a global leader in business journalism known for its unrivaled access to industry leaders and decision makers. Founded in 1930, FORTUNE magazine has a worldwide circulation of more than 1 million and a readership of nearly 5 million and is home to some of the strongest business franchises, including: FORTUNE 500, FORTUNE 100 Best Companies to Work For, America's Most Admired Companies, Fastest Growing Companies and Most Powerful Women. FORTUNE Live Media extends the brand's mission into live settings, hosting a wide range of annual conferences for top-level executives, including the FORTUNE Global Forum and the Most Powerful Women Summit. FORTUNE magazine's online home is CNNMoney.com, the most visited and utilized business destination website, attracting nearly 10 million unique visitors per month, according to Nielsen/NetRatings. FORTUNE, along with MONEY, FSB: FORTUNE Small Business, and CNNMoney.com, is part of The Fortune|Money Group, a division of Time Inc, a subsidiary of Time Warner, a leading media and entertainment company.

 

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CONTACT:

Katy Reitz
FORTUNE Communications
212-522-6724
Katy_Reitz@timeinc.com

Tom Chiodo
Rubenstein Communications
212-843-8289
tchiodo@rubenstein.com

 

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