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Emma Hinchliffe, Joseph Abrams

Fortune's 2023 Most Powerful Women list is here

(Credit: Li: Courtesy of Meta; Lynch: Jessica Cho; Nair: Courtesy of Chanel)

Good morning, Broadsheet readers! Financial heavyweight Clara Chan-Kachai is tapped as CEO of Hong Kong Investment Corporation, Treasury Secretary Janet Yellen talks AI at Fortune's CEO Initiative conference, and Fortune's 2023 Most Powerful Women list is here. Have a great Thursday!

- Making a list. Fortune's 26th annual Most Powerful Women list is out this morning. For the first time, the list includes 100 women business leaders from around the world.

Fortune chooses which execs make this list based on five factors: the size of her business, the health of that business, the exec's career trajectory, her cultural and societal influence, and how she uses her power.

At the top of the list for the third year in a row is CVS Health CEO Karen Lynch, whose health care company only got larger and more influential in the past year with two acquisitions totaling $19 billion. Others at the top include Accenture chief Julie Sweet (No. 2), GM CEO Mary Barra (No. 3), and Citigroup CEO Jane Fraser (No. 4).

In total, this year's list features 67 CEOs and 53 newcomers. Sixty-one women are from the Americas, while 23 are based in EMEA, and 16 are in the Asia-Pacific region. Finance and tech top the list with 20 execs each, followed by retail with 18.

Some notable names from the tech industry include Meta CFO Susan Li (No. 18), OpenAI CTO Mira Murati (No. 57), and X CEO Linda Yaccarino (No. 58).

The startup world is also represented, with Canva cofounder Melanie Perkins (No. 93) and Skims and SKKY Partners cofounder Kim Kardashian (No. 88), who both wield influence beyond the size and stage of their businesses. We have a few newcomers from the fashion industry, too—Chanel CEO Leena Nair (No. 70), a Unilever alum, and LVMH heiress and Dior CEO Delphine Arnault (No. 45). Sue Nabi, the CEO of beauty giant Coty Inc. and an openly trans woman, is on the list at No. 87.

The turbulence of the past few years has opened the doors for female executives. Amid high CEO turnover in the first half of this year, 13% of CEO successors globally were women compared to only 2.4% in 2018, according to Russell Reynolds.

The 100 women on this list are at the front of those trends—or poised to be there soon.

See the full list here.

Emma Hinchliffe

The Broadsheet is Fortune's newsletter for and about the world's most powerful women. Today's edition was curated by Joseph Abrams. Subscribe here.

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