Great morning, Broadsheet subscribers! Marissa Mayer comes back, a guy flips to a mask, along with a female CEO sets a Fortune 500 first. Go get your Thursday!
Frequent readers will know we’re at a custom of announcing new feminine Fortune 500s using a little bit of fanfare–after all you’re only 37 of these! But now ’s new inclusion is an especially rare instance.
Patti Poppe was appointed CEO of both PG&E, and that, when we released the Fortune 500 earlier this season, had been No. 189 about the position. But, Poppe’s fresh project won’t boost the amount of girls running Fortune 500 businesses, because she’so coming into the gig straight from CMS Energy, No. 443.
Considering the rarity of female leaders one of these enormous companies, moving straight from one to the next has been, until now, unheard of. The last girl to come near was Meg Whitman, however in her case there is a substantial gap between departing eBay at 2008 and linking HP at 2011. Our resident Fortune 500 genius, Scott DeCarlo, couldn’t develop some additional illustrations –however if some of you can, please inform us!
Lately, Poppe’s narrowly missing a feminine CEO-to-female CEO handoff; Geisha Williams resigned as leader of the energy giant in ancient 2019. We saw that sort of transition {} 2009, when Xerox CEO Anne Mulcahy handed the baton into Ursula Burns.
Obviously, that isn’t a feel-good narrative of corporate succeed. Williams abandoned PG&E in the aftermath of admissions the firm ’s gear began over a dozen wildfires that jointly killed over 100 individuals. Facing over 30 billion in possible obligations, the organization sought bankruptcy protection last January and only emerged from Chapter 11–later agreeing to 84 counts of involuntary manslaughter–that summer. Poppe requires the helm in a time once the business has a great deal of work to try and get back on course –and also a gigantic challenge concerning winning back public confidence.
Even the Wall Street Journal reports, in CMS, Poppe led attempts to steer away from coal plants and even twice back on solar and wind turbines along with other fresh technician. This ’s trusting she can deliver that exact identical type of forward-thinking and invention into PG&E’s 16 million clients.
Kristen Bellstrom
Now ’s Broadsheet has been curated by Emma Hinchliffe.
