Jane Fraser became CEO of Citigroup when the bank faced dysfunction, including cumbersome IT systems and a complacent culture that led to embarrassing, costly mistakes. Some viewed her appointment as a “glass cliff,” but she succeeded by turning a sprawling bank into a more streamlined, high-performing company. Her progress continues, with further work needed to shed jobs and underperforming parts of the portfolio. Citigroup’s stock price rose more than two-thirds over the past year, suggesting investor confidence in her ability to deliver results. The 2026 Fortune Most Powerful Women list includes leaders overseeing 11.8 million employees and $7.3 trillion in annual revenue, with influence across 20 countries and territories. The ranking also emphasizes innovation, career trajectories, and efforts to improve business, including women CFOs shaping AI and broader economic outcomes.
"Hinchliffe suggests keeping an eye on the women CFOs at leading AI companies, from Sarah Friar at OpenAI to Amy Hood at Microsoft: “They are making spending decisions that will determine the future of their companies, this technology, and even the global economy.” One way to do that is to subscribe to Sheryl Estrada's CFO Daily newsletter."
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