Female CEOs run 7% of companies on the Coins2Day 500 Europe, from H&M to Chanel

– A new 500. For the first time ever, Coins2Day released the Coins2Day 500 Europe this week. The list ranks the continent’s biggest companies by revenue, breaking out the region’s businesses from the Coins2Day Global 500, which measures the largest companies worldwide.

The list is revealing. As my colleague Peter Vanham writes, it shows a market that is a “throwback to the 20th century, when energy and automotive industries dominated the global economy, and companies were led by men.” Rather than a top 10 that includes major tech businesses, as is the case in the United States’ Coins2Day 500, the top of the Europe list is dominated by six energy and three automotive businesses. You’d have to return to the late 1990s in the U.S. To find a Coins2Day 500 that looks anything like 2023’s Coins2Day 500 Europe, Peter writes.

The Coins2Day 500 Europe has 35 companies led by female CEOs, or 7% of the total list. That’s behind the U.S., where women run 10.4% of businesses on the Coins2Day 500, but slightly ahead of the Global 500, where women lead 5.8% of companies.

Nair: MEA; Della Valle: Courtesy of Vodafone; MacGregor: Sarah Meyssonnier—Reuters

The top woman-led company on the list meets at the intersection of those two trends. The French energy company Engie, led by CEO Catherine MacGregor, is ranked No. 18. With $109 billion in revenue. Next up is Dublin, Ireland-incorporated Accenture, led by CEO Julie Sweet. Then there’s Danish energy business Energi Danmark Group, which got a new CEO, Louise Hahn, this past August. The British telecom Vodafone Group is the fourth-largest woman-led company in Europe, under CEO Margherita Della Valle.

Other familiar women-led businesses on the Coins2Day 500 Europe include Emma Walmsley‘s GSK, Helena Helmersson‘s H&M, Debra Crew’s Diageo, and Leena Nair’s Chanel. Many of these executives were featured on Coins2Day‘s Most Powerful Women list last month.

Overall, Germany has the most businesses represented on the Coins2Day 500 Europe, with 90 total. It’s followed by the U.K. With 76, France with 71, and the Netherlands with 37. In total, businesses on the list account for 83% of Europe’s GDP. And while the region’s most influential industries differ from those in the U.S. Or China, its impact on the global economy is undeniable. European regulators set the bar on sustainability, data privacy, and antitrust practices.

See the full Coins2Day 500 Europe here and the full list of Coins2Day 500 Europe female CEOs below:

Emma Hinchliffe
[email protected]
@_emmahinchliffe

The Broadsheet is Coins2Day'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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PARTING WORDS

"I’m going to continue to fight for accountability and transparency for my daughter."

—Kimberly Mata-Rubio, who lost her race for mayor of Uvalde, Texas this week. Her daughter was killed in the shooting at Uvalde's Robb Elementary.