Clorox Names Female CEO And Brings Fortune 500 Total Number Of Women CEOs To 38
Fortune reports this new appointment of Rendle, replacing current CEO Benno Dorer, sets a record high of 38 women in the lead role. Right now, women make up less than 8% of the leaders on the Fortune 500 list, none of which are Black or Latina. Overall, C-suite jobs held by women comprise only 20% of these roles despite making up nearly 50% of the entry-level workforce.
Prior to being named president in May 2020, Rendle held leadership positions at Clorox including vice president of sales and executive vice president of various divisions within the company. In the past her responsibilities included overseeing all of the cleaning company's corporate and business development plans, as well as its five global functions including marketing, sales, product supply, information technology and research and development.
Rendle, a graduate of Harvard University, takes over Clorox at the right time to succeed. The pandemic has caused demand for the company's disinfecting products to surge and shareholder returns to more than doubled.
Rendle says she's "thrilled" to lead Clorox. Along with the promotion Rendle will be elected to the company's board of directors.
"I'm delighted that our dedication to thoughtful, long-term succession planning positioned us to appoint such a strong and capable leader as Linda Rendle to the CEO role," Pamela Thomas-Graham, lead independent director of the board, said in a statement. "Linda will be an excellent CEO, building on her track record of outstanding business results, her strong oversight of the development of the company's IGNITE strategy and her values-led leadership."
Lorraine Hariton, president and CEO of Catalyst, a global nonprofit that works to accelerate women into leadership positions, told CNBC Make It earlier this year that though we've seen an "incremental victory" in the increased number of women running Fortune 500 firms, there is still much more work that needs to be done to "create more equitable, inclusive and fulfilling opportunities and workplaces for everyone."