Fortune - USA (2021-10 & 2021-11)

This year, Barra unveiled

plans to spend $35 bil-

lion to build a fleet of

more than 30 electric

and autonomous vehi-

cles by 2025 and, in an

announcement that

jolted the industry,

vowed that GM would go

all electric by 2035. But

the company has hit sev-

eral roadblocks in the

past year, including chip

shortage- induced man-

ufacturing lags and a re-

call of Chevrolet Bolt

EVs that could cost it up

to $1.8 billion.

Wall Street continues to

admire Porat for helping

Alphabet focus on what

it’s good at as opposed

to audacious so-called

moonshot projects. Un-

der her watch, the com-

pany is investing in prac-

tical areas likely to make

an immediate financial

impact, like cloud com-

puting and video stream-

ing. That’s one reason

shares have grown a

whopping 100%

year over year and the

company is valued at

nearly $2 trillion.

Mary Barra

Chairman and CEO,

59, General Motors

Ruth Porat

SVP and CFO, 63,

Google, Alphabet

5

9

27 7

Fidelity is growing, on

track to hire some

16,000 employees by

the end of the year.

Johnson has her eye on

the next generation of

investors, launching

new accounts for teens

and using sites like Red-

dit to answer investor

questions. Fidelity is all

in on crypto; it’s one of

the largest financial in-

stitutions involved in Bit-

coin custody. Mean-

while, the company hit

a record $21 billion in

revenue in 2020.

Abigail Johnson

Chairman and CEO,

59, Fidelity Investments

4

8

3

Fraser’s promotion in
March to CEO—the first
female chief among ma-
jor Wall Street banks—
was celebratory, but
also launched a cleanup
job. She has unified
Citi’s wealth manage-
ment business and plans
to sell underperforming
portions of its consumer
operations. Fraser ad-
dressed pandemic burn-
out with empathy,
adopting “Zoom-free”
Fridays and hybrid work
as competitors returned
to the office.

WBA’s pandemic efforts
have been critical for
Brewer as she works to
turn around the global
drugstore giant with
nearly $140 billion in fis-
cal 2020 sales. The for-
mer Starbucks COO took
the CEO job in March—
three months after WBA
began administering
COVID-19 vaccines in the
U.S. Walgreens has deliv-
ered more than 30 mil-
lion jabs, with Brewer
making vaccine equity a
top priority. (For more on
Brewer, see page 12.)

Jane Fraser
CEO, 54, Citi

Rosalind Brewer
CEO, 59, Walgreens
Boots Alliance

2

Boudreaux has over-

seen a 49% spike in An-

them’s market value in

the past 12 months and a

$17.7 billion increase in

2020 revenue com-

pared with the previous

year, driven by a grow-

ing pool of plan holders.

The health insurance

giant is working on im-

proving patient out-

comes to create a more

efficient medical sys-

tem, and investing in

digital health tools like

the company’s Sydney

app to cut costs.

Gail Boudreaux

President and CEO, 61,

Anthem

3

6 7

6

4

Sweet, who in Septem-

ber added chair to her

title, has kept Accenture

humming during the

pandemic. The firm

brought in $50.5 billion

in revenue in its fiscal

2021, up 14% over the

previous year, and con-

tinues to pour resources

into new tech like 5G,

blockchains, and edge

computing. Accenture

has also turned its atten-

tion to the environmen-

tal crisis, vowing to

achieve net zero by

2025.

Julie Sweet

Chair and CEO, 53,

Accenture

Shares of UPS are up

89% since Tomé took the

reins in June 2020, and

all business segments

delivered record profits

in Q2. In August, the

company committed to

using 25% renewable

electricity in its facilities

and 40% alternative fuel

in ground operations by

2025, as well as to cut-

ting carbon dioxide lev-

els per package in half

by 2035. UPS has also

diversified its board,

adding three women and

two Black men.

Carol Tomé

CEO, 64, UPS

1 5 2

2020 RANK

Duckett’s move

from JPMorgan

Chase rising

star to TIAA CEO

caught the eye of

Wall Street. The

finance leader

known for her work

on inclusion for

people of color

in the financial

system took over

from retiring chief

Roger Ferguson

Jr. in May in a rare

handoff between

two Black chief ex-

ecutives. Now one

of two Black female

CEOs in the For-

tune 500—and just

the fourth ever—

Duckett is tasked

with steering the

$41 billion financial

giant with $1.3 tril-

lion in assets under

management.

Thasunda

Brown

Duckett

President and CEO, 48,

TIAA

30

10

KEY NO CHANGE MOVED UP MOVED DOWN

TOP, FROM LEFT: COURTESY OF CITIGROUP; COURTESY OF ACCENTURE; COURT

ESY OF UPS; COURTESY OF JOHN F. MARTIN/GM. SECOND ROW, FROM

LEFT: COURTESY OF JENNIFER POTTHEISER;

COURTESY OF ANTHEM; DAVID PAUL MORRIS—BLOOMBERG/GETTY IMAGE

S; COURTESY OF ALPHABET. DUCKETT: LEON BENNETT—WIREIMAGE/GE

TTY IMAG

ES