Movers and Shakers in Energy

It’s the first bud of the spring that gets noticed. It pokes its head out of the dirt, and blooms regardless of whether others around it are doing the same thing. This is true of women at the top of corporations as well. Often, they’re the only women at the table, and even as their numbers increase, they do so slowly, causing us to take notice of big appointments when they occur.

This week, Lynn Laverty Elsenhans was elected Chief Executive Officer and President of Sunoco Inc. Ms. Elsenhans is Sunoco’s first female CEO and President, following her tenure at Royal Dutch Shell, and replaces John Drosdick upon his retirement in August. Ms. Elsenhans holds a Bachelor’s Degree in Mathematics from Rice University, and an MBA from Harvard. Ms. Elsenhans will receive an initial salary of $1.24 million and a onetime grant of restricted share units equal in value to $5 million, the company said. According to the Wall Street Journal, this appointment increases the number of women at the head of Fortune 500 companies to 13.

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100 Women in Hedge Funds Honors Sonia Gardner of Avenue Capital Group

by Margarita Shelley-Smith

While numerous publications and analysts address the question of women’s inability to successfully manage high risk investments and understand the nuances of portfolio management, Sonia Gardner is a clear example to the contrary.

On June 5th, 2008, 100 Women in Hedge Funds named Sonia Gardner of Avenue Capital Group as a recipient of this year’s Leadership Award. This award recognizes individuals whose professional dedication, innovation, passion and ethics set a standard of excellence for the industry. “We are so pleased to be honoring Sonia Gardner, whose combined achievements as a founder, partner and leader of a pioneering, pre-eminent alternative asset management firm are unique,” said the board director, Mimi Drake.
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Movers and Shakers: Maria McLaughlin, Marketing Director at Appro

By: Bailey McCann

Recently, Glass Hammer spoke with Maria McLaughlin, the Director of Marketing for Appro International, a technology firm in Milpitas, California. Appro specializes in high performance computing for the oil and gas and financial services industries; government labs, energy and defense departments; electronic design automation; digital content creation; education and manufacturing sectors.

According to the company website, Maria McLaughlin joined Appro in 2002 and has responsibility for all Appro’s marketing, which includes branding, market analysis, perception improvement, marketing communications, and demand creation. She is also responsible for coordinating the product-definition and Go-to-Market Plan activities across Appro. Prior to her role at Appro, Ms. McLaughlin worked at Hewlett-Packard and 3M Corporation.

Ms. McLaughlin is the only woman on the 8-member executive team. When she started at Appro, there was no marketing department, a deficiency that relegated the company to serving a niche market. But before she could help take the company’s message to a larger consumer base, she had to prove her own value, as well as the value of marketing, to the company. During our interview, she offered insights on how she successfully created a now-thriving department and overcame any negative preconceptions of a woman in technology marketing.

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Movers and Shakers: West Coast Round-Up

By: Heather Cassell

Women are on the move in May and June into the executive suites of top industries.

Biotech

Pamela Cohen was hired as senior vice president and chief medical officer of Kosan Biosciences Inc. She was formerly the global oncology therapeutic head for GE Healthcare Medical Diagnostics. Jane Moffitt became vice president of Nile Therapeutics Inc. in San Francisco. She formerly was the West Coast director of operations for SciLucent before joining the cardiovascular therapy biopharma. Mary Bolton was hired as vice president, clinical development of Sunesis Pharmaceuticals Inc. Judith Fox was promoted to vice president, product and preclinical development of the oncology therapeutics biopharma.

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Top 10 Hispanic Women in Business

Contributed by Pamela Capalad

businesswomen.jpgIn the last ten years, there has been a growing trend among women in finance. The number of Hispanic women taking high-powered roles in the business and financial sectors has increased significantly. Since 1997, the number of Hispanic-owned businesses has grown 82 percent, making it one of the “fastest growing business segments in the nation” and more than one third of those businesses are owned by Hispanic women. Between 1990 and 2000, the number of Hispanic women earning bachelor’s degrees has increased 150 percent and Hispanic women earning master’s degrees has grown 164 percent. This increase in education and business ownership has translated to increased opportunities for Hispanic women in business, law and finance in the last decade.

From a CFO of the ad agency responsible for those relaxing Corona commercials to a high-powered attorney with a heart of gold to the president of a microfinance firm, this growing force of Hispanic women in business proves that these top ten women are not only eclectic and talented, but take pride in giving back to their communities as well.

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Top African American Women in Business …Other than Oprah

When you think of successful African American women, unless you have been living in a media-free cave for the last 20 years, Oprah springs to mind. While we acknowledge and admire the accomplishments of the talk show host, media mogul and self-made billionaire, it’s a shame that many of us are not equally familiar with other black women who have made a big impact on the world of business. Here we briefly profile ten fantastically accomplished African American women in finance and business. If you don’t know their names yet, you should!

  1. Ursula Burns, President of Xerox. As a Fortune 500 company, Xerox has a great track record of promoting women executives to the highest management positions. Next in line after CEO Anne Mulcahy, Burns has driven efforts to improve the line of products offered by Xerox and supported R&D of new technologies, including Xerox’s new emulsion aggregate toner plant in upstate New York. Under her leadership, Xerox grew by 20% in 2007. Burns was named to her position in April 2007, and also holds a seat on the Board of Directors. Burns joined Xerox as a summer intern in 1980, and worked her way up at Xerox after obtaining a B.S. from Polytechnic Institute of New York and a Master’s in Engineering from Columbia. She also serves on the boards of American Express Corp., Boston Scientific Corp., CASA – The National Center on Addiction and Substance Abuse at Columbia University, National Academy Foundation, National Association of Manufacturers, and the University of Rochester.
  2. Susan Chapman, Global Head of Operations, Citigroup Realty Services. Chapman manages the day-today operations for Citigroup Realty in 96 countries. She holds the No. 2 spot in the business unit, and is responsible for overseeing mergers and acquisitions, retail branch development, real estate administration, strategic projects and global business relationship management.Chapman sits on the Dean’s Advisory Board for the University of Wisconsin-Madison School of Business, where she received her MBA in 1998. She was named to Black Enterprise magazine’s Hot List for up and coming businesspeople under 40.
  3. Edith Cooper, Head of North American Hedge Fund Distribution, Fixed Income, Currencies & Commodities, Goldman Sachs. Cooper was promoted to managing director in 1998, after only 2 years at Goldman Sachs, and made partner in 2000. In London, she co-led the company’s commodity business for Europe and Asia, and in 2004, she co-headed the company’s global clearing and execution in the equity division. Cooper headed the company’s global futures business before rising to her current position. Before working at Goldman, Cooper worked at Banker’s Trust. Cooper graduated from Harvard College and received her MBA from Northwestern’s Kellogg School of Business. Read more
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Movers and Shakers: East Coast Round-Up

The summer may be the time when things tend to slow down, but for women in the top industries, things have been heating up. Here are some of the women who’ve recently made their way along the executive path:

Financial Services

Suzanne B. Schiavelli was hired as a principal in specialty finance to Bank of America. The only woman in this class of nine new hires, she will serve as a senior member of the equity research platform at Bank of America. According to the Bank of America announcement, Ms. Schiavelli joins from Morgan Stanley where she most recently covered emerging specialty finance stocks. Prior to Morgan Stanley, she worked as an investment banker in the financial institutions group at Lehman Brothers. Ms. Schiavelli received a bachelor of arts in economics from Providence College and a master’s degree in business administration from The Stern School at NYU.

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