Rosalind Brewer at Wal-Mart, Melanie Healey and Virginia Drosos at Procter & Gamble, Jan Fields at McDonald's, and Michelle Gass at Starbucks are some of the names on a list of women on track to become heavy hitters in the C-suite within five years.
Currently, there are just 35 women holding the top spot at Fortune 1000 companies. Only 14% of executive officers at Fortune 500 companies are women.
However, a growing pool of highly qualified women, more investor pressure to diversify, and the fact that 24% of senior vice presidents at 58 big companies surveyed for The Wall Street Journal are women, all make it likely that the number of Fortune 1000 female CEOs is likely to swell.
Advice for women who want to become the CEO: cultivate ties with industry leaders, get profit-and-loss experience, join a corporate board outside your industry, and marry someone who's willing to support your career--perhaps to the extent of prioritizing it over theirs.
Published by FINS and The Wall Street Journal, the Next 10 Female CEOs lists "female executives whose operational expertise and track record make them likely picks to lead a Fortune 1000 company within five years."
Sales Buzz
IKEA Sets Sights on Indonesia (Bloomberg)
IKEA will enter Indonesia in 2014, after signing a franchise agreement with PT Hero Supermarket. Economic growth of over 6%, low central bank rates, and a rising middle class all provide a strong environment for global retailers in the Southeast Asian nation.
Pantaloon Demerges (Reuters)
Pantaloon Retail, India's biggest listed retailer, will spin off its branded apparel business into a separate company under the Pantaloons brand and sell a stake in the new venture to Aditya Birla Nuvo for 8 billion rupees. Pantaloon's total debt will reduce by 16 billion rupees.
Saks CEO Paid $7 Million (WSJ)
Saks Chief Executive Stephen Sadove received a pay package worth $7 million last year, including a base salary of $1 million, and stock awards of $2.6 million. Sadove's compensation was down 4% from the prior year.
Zale CEO Joins Express Board (The Business Journals)
Theo Killion, chief executive of Zale Corp, has joined the board of directors at Express. Killion will also serve on the company's Compensation and Governance Committee.
Allscripts Appoints New Chairman (FINS via WSJ)
Allscripts Healthcare Solutions has named Dennis Chookaszian to be its new chairman, replacing Philip Pead, who was ousted by the electronic health-care records firm last week.
Marketing Buzz
Recruiters Get Web Savvy (Ad Age)
Recruiters and human resource professionals, who often represent a potential employee's first interaction with a company, are beefing up their social media skills and attempting to get a better handle on the digital space to attract the best candidates.
Millennials Pose a Challenge (Chain Store Age)
A report says marketers need to rethink their strategy toward millennial shoppers (aged 18-34): nearly 25% say they do not have enough money to cover basic needs. Millennials, typically the first to respond to retail trends, now represent a "significant challenge" to brands.
Pay Trumps Work-Life Balance (Ad Age)
A survey commissioned by Ad Age says salary is the most important factor influencing job satisfaction among ad agency employees--a significant difference from last year when work-life balance held the top spot.
Buzz Around the Office
Riding Shotgun (BuzzFeed)
Twenty animals that love to feel the breeze on their furry faces.
List of the Day: Dealing with Office Enemies
They're out there: the people seemingly designed to make your life miserable. Here's how to cope.
1. Don't react to hearsay.
2. Try it their way once in a while.
3. Accept that you're not going to be friends and just be polite.
(Source: MoneyWatch)
