(^1)
Emma
Walmsley
CEO, GlaxoSmithKline
U.K.
(^2)
Jessica Tan
Co-CEO and Executive
Director, Ping An
CHINA
(^3)
Ana Botín
Executive Chairman,
Banco Santander
SPAIN
(^4)
Shemara
Wikramanayake
CEO and Managing
Director, Macquarie
Group AUSTRALIA
(^5)
Catherine
MacGregor
CEO, Engie
FRANCE
(^6)
Belén Garijo
CEO and Chair of
Executive Board,
Merck KGaA GERMANY
(^7)
Dong Mingzhu
Chairwoman and
President, Gree Electric
Appliances CHINA
(^8)
Amanda Blanc
Group CEO, Aviva
U.K.
(^9)
Helena
Helmersson
CEO, H&M Group
SWEDEN
(^10)
Martina Merz
CEO, Thyssenkrupp
GERMANY
(^11)
Isabel Ge Mahe
Vice President and
Managing Director,
Greater China, Apple
CHINA
(^12)
Alison Rose
CEO, NatWest Group
U.K.
(^13)
Maggie Wu
CFO, Alibaba
CHINA
(^14)
Dominique
Senequier
President and Founder,
Ardian
FRANCE
(^15)
Elizabeth
Gaines
CEO, Fortescue Metals
AUSTRALIA
(^16)
Bianca Tetteroo
Chair of Executive
Board, Achmea
NETHERLANDS
(^17)
Nicke
Widyawati
President Director and
CEO, Pertamina
INDONESIA
(^18)
Anna Borg
CEO and President,
Vattenfall SWEDEN
(^19)
Michelle
Scrimgeour
CEO, Legal &
General Investment
Management U.K.
(^20)
Wang Fengying
Executive Vice
Chairman and General
Manager, Great Wall
Motor CHINA
(^21)
Joey Wat
CEO, Yum China
CHINA
NEW
NEW
1 13 17
REPORTING BY
Maria Aspan, Katherine Dunn,
Erika Fry, Yvonne Lau, Sophie Mellor,
and Claire Zillman
MOST
POWERFUL
WOMEN
INTE R N ATIONA L
2021
IT’S BEEN a turbulent year
for women at the top of the
world’s largest businesses.
Whether navigating the
challenges of the ongoing
global pandemic, activist pressure
campaigns, regulatory crackdowns, or
the many other urgent forces reshap-
ing the economy today, the leaders
who appear on Fortune’s Most Power-
ful Women International list this year
are very much in the thick of it.
And that’s a good thing. As we
chronicle every year on this list, which
focuses on women business leaders
based outside the U.S., more and more
of them are leading the world’s most
important and influential corporations
(not to mention, founding some of its
most successful and groundbreaking
startups). With that comes enormous
responsibility and challenge, but also
the power to make massive and mean-
ingful change in a world aching for it.
This year, GlaxoSmithKline CEO
Emma Walmsley and Ping An co-CEO
Jessica Tan return to the top spots.
They’ve both been tested recently:
Walmsley faces an especially aggres-
sive activist; Tan the newly heightened
scrutiny of the Chinese government.
But both continue to drive forward
their organizations in uncertain times.
And like others on this list, they realize
their leadership extends beyond bal-
ance sheets and that when it comes to
some of our most pressing global prob-
lems—whether it be climate change
or corrosive social inequalities—busi-
ness decisions can make a difference.
Read more about these leaders on
Fortune.com.
FROM LEFT: KEVIN DIETSCH—POOL/ABACA/REUTERS; CO
URTESY OF ALIBABA; COURTESY OF PERTAMINA
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