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Local Exec. Among 50 “Most Powerful” Businesswomen

Fortune magazine named Minnetonka-based UnitedHealth Group’s Gail Boudreaux to its list of the most prominent businesswomen in the United States; meanwhile, several leaders of companies with a major Minnesota presence also made the cut.

Gail Boudreaux of Minnetonka-based UnitedHealth Group was named to Fortune magazine’s 2013 “50 Most Powerful Women In Business” list, along with several leaders of companies that have significant operations in Minnesota.
 
Fortune’s annual list includes U.S. businesswomen from a variety of industries, including banking, finance, health care, insurance, retail, and technology.
 
Boudreaux—CEO of UnitedHealthcare and Executive Vice President of Minnetonka-based UnitedHealth Group—ranked 31st on the list. She oversees a $103 billion benefits business and has added approximately 9 million members in Medicaid, Medicare, and corporate plans in the past year, according to Fortune. Last year, the Wall Street Journal identified her as a likely contender to lead a Fortune 1000 company within five years. Boudreaux, 53, has appeared on Fortune’s list every year since 2008, ranking 28th on last year’s list.
 
Several leaders of companies with significant operations in Minnesota also appeared on Fortune’s recent list.
 
Carrie Tolstedt, senior vice president of community banking for San Francisco-based Wells Fargo & Company, ranked 26th on Fortune’s list—four spots below her ranking last year. According to the magazine, Tolstedt, 53, has increased the amount of deposits for Wells Fargo by $37 billion in the past year. Wells Fargo maintains a large presence in Minnesota; it is among the 25 largest employers with approximately 20,000 employees and operates 211 branch, home mortgage, and advisor offices in the state.
 
Two executives from Armonk, New York-based IBM Corporation, which has a significant presence in Rochester, appeared on this year’s list. Ginni Rometty—chairman, president, and CEO of the technology and consulting company—ranked first on the list for the second year in a row. According to Fortune, Rometty, 56, is invested in using IBM’s resources to enter under-served markets, such as Africa, and to commercialize its supercomputer, which is dubbed “Watson” and appeared on Jeopardy.
 
Meanwhile, the senior vice president of IBM’s global business services division, Bridget Van Kralingen, ranked 28th—five spots below her place on last year’s list. Last year, Kralingen, 50, reportedly brought in 18 percent of the company’s $104.5 billion in sales.
 
Patricia Woertz—chairwoman, president, and CEO of Archer Daniels Midland—60, ranked 7th on this year’s list; one spot below her place on last year’s. The agricultural processor recently announced plans to move its global headquarters in Decatur, Illinois, and is considering Minneapolis.
  
Fortune magazine also named two executives of Lockheed Martin to its list. Before closing its Eagan facility in 2011 and shifting employees to its Owego, New York; San Diego; and Manassas, Virginia locations, the company employed 1,000 in Minnesota.
 
Marillyn Hewson, president and CEO of the Bethesda, Maryland-based global security and aerospace company, 59, ranked fourth on this year’s list, having ranked 19th last year. Under her leadership, according to Fortune, company profits and market value have increased despite federal budget cuts.
 
Sondra Barbour, 51, executive vice president of Lockheed’s information systems and global solutions division, was new to this year’s list, ranking 42nd.
 
Pam Nicholson, president and CEO of Enterprise Holdings, Inc., 53, ranked 22nd on this year’s list. The former COO, who ranked 30th last year, reportedly oversaw Enterprise’s introduction into serving the airport industry, which helped elevate the company’s revenue to $16.4 billion in its last fiscal year. The Clayton, Missouri-based corporate parent of Enterprise Rent-A-Car recently announced plans to add 11,000 new positions—80 of which will be in the Twin Cities.
 
Purchase, New York-based PepsiCo, Inc.’s chairwoman and CEO Indra Nooyi ranked second on the list for the second year in a row, just behind Rometty. Nooyi, 57, has helped to expand PepsiCo’s offerings—the company now boasts $22 billion-dollar brands, according to Fortune. (PepsiAmericas, Inc., was previously based in Minneapolis.) Ellen Kullman, chairwoman and CEO of the Wilmington, Delaware-based engineering company Dupont, ranked third on this year’s list. Kullman, 57, has seen company stock more than double during her tenure, according to the magazine. She ranked fifth on last year’s list.
 
Shari Ballard, an executive at Richfield-based Best Buy Company, Inc., ranked 46th on Fortune’s 2011 list, but appeared neither on this year’s list nor last year’s.
 
Click here for the complete list of Fortune’s 50 “most powerful” businesswomen.
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