Who Are the Most Powerful Women in Business?

Annual ranking from ‘Fortune’ topped by Kraft Foods CEO.

By Lesley Kennedy • MORE.com Reporter

Macaroni and cheese trumps Pepsi.

OK, so maybe that’s dumbing it down just a bit, but Kraft Foods CEO Irene Rosenfeld has unseated PepsiCo CEO Indra Nooyi, earning the top spot on Fortune’s annual 50 Most Powerful Women in Business List.

“Rosenfeld made a big show of power this year with her decision to split Kraft into two companies, a reversal of her previous strategy of expanding through acquisitions,” the magazine reports.

As for Nooyi, who held the number-one position for the past five years, Fortune credits PepsiCo with moving into nutrition-based products, but adds Nooyi “has been criticized for taking her eye off the core North American soda business, which has lost share to Coke.”

The highest-paid woman on the list, but only 11th in the power ranking: Oracle president Safra Catz at $42 million.

We don’t know about you, but this list has inspired us to show a little strength ourselves. As Joan of Arc said, “I am not afraid . . . I was born to do this.”

Click here to see the full list.

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First Published September 30, 2011

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