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Fortune
Fortune
Emma Hinchliffe, Nina Ajemian

The Fortune 500 has two new female CEOs—finally pushing that milestone above 11%

Fortune the Fortune 500 Kecia Steelman Mary Dillon
Kecia Steelman (Credit: Courtesy of Ulta Beauty)

Good morning! The richest woman in the U.K. made $199 million last year, investors bet on volleyball as the next big thing in women's sports, and women kick off 2025 with a bang on the Fortune 500.

- More than 10%. The share of women running Fortune 500 companies has for the past several years typically hovered around 10%. But we're kicking off the year with an unusual milestone: The share of women running these big businesses has clawed its way above 11%—hitting a record-high 11.6% this week.

That's thanks to a few appointments over the past several weeks. On Monday, Ulta announced the promotion of COO Kecia Steelman to CEO, taking effect immediately. She takes over from departing CEO Dave Kimbell, running the $11 billion beauty retailer whose transformation cemented former chief Mary Dillon's reputation as a successful CEO. (Dillon now leads Foot Locker, making her one of three women to ever run two Fortune 500 companies.)

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