New Clorox CEO to Increase Fortune 500 Women to 38

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Clorox announced Monday that its current president, Linda Rendle, will take over as CEO effective September 14. With the new appointment, Rendle, who will replace current CEO Benno Dorer, will bring the total number of women at the helm of Fortune 500 companies to a record 38, Fortune reports.In her current role as President, Rendle oversees all corporate and business development plans for the cleaning company, as well as its five global functions including Marketing, Sales, Product Sourcing, Technology information and research and development. Prior to becoming President in May 2020, Rendle held a number of executive roles at Clorox, including Vice President of Sales and Executive Vice President of various divisions of the company. Prior to joining Clorox in 2003, the 42-year-old worked for Procter & Gamble where she held several sales management positions in the Boston and Charlotte markets.

Rendle, a Harvard University graduate with a bachelor’s degree in economics, will take over Clorox at a time when demand for the company’s disinfectant products has increased due to the pandemic and shareholder feedback has more than doubled. Over the course of her 17 years with the company, Rendle, who says she is “thrilled” to lead Clorox, has received significant praise for her work ethic and leadership not only as President, but also as President. that leader who helped lead the company’s IGNITE strategy. , which is an initiative to put environmental, social and governance priorities at the forefront of business decision-making.

“I am delighted that our dedication to thoughtful, long-term succession planning has enabled us to appoint such a strong and capable leader as Linda Rendle to the role of CEO,” said Pamela Thomas-Graham, Independent Director of the Board of administration, in a press release. declaration. “Linda will be an excellent CEO, building on her track record of exceptional business results, her strong oversight of the development of the company’s IGNITE strategy and her values-driven leadership. ”

Rendle, who will also be elected to the company’s board of directors, joins an elite group of women who run America’s largest companies. While her addition to the Fortune 500 group will take the number of female CEOs to an all-time high, Rendle’s appointment also indicates how much more remains to be done before achieving gender parity.

Today, women make up less than 8% of Fortune 500 leaders, and none of those women are black or Latin. When looking at all of the C-suites, women make up only a fifth of those roles, despite making up almost half of the entry-level workforce.

Lorraine Hariton, president and CEO of Catalyst, a global nonprofit that works to accelerate women’s access to leadership positions, told CNBC Make It earlier this year that although We have seen a ‘gradual victory’ in increasing the number of women at the helm of Fortune 500 companies, there is still a long way to go to ‘create more equitable, inclusive and fulfilling workplaces and opportunities for all’ .

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