Good morning, Broadsheet readers! Lumen president and CEO Kate Johnson invests $1 million into the company in a show of confidence, Ivanka Trump takes the stand in her father's civil fraud case, and female CEOs run 7% of businesses on the new Fortune 500 Europe. Have a great Thursday!
- A new 500. For the first time ever, Fortune released the Fortune 500 Europe this week. The list ranks the continent's biggest companies by revenue, breaking out the region's businesses from the Fortune 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' Fortune 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 Fortune 500 that looks anything like 2023's Fortune 500 Europe, Peter writes.
The Fortune 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 Fortune 500, but slightly ahead of the Global 500, where women lead 5.8% of companies.
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 Fortune 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 Fortune's Most Powerful Women list last month.
Overall, Germany has the most businesses represented on the Fortune 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 Fortune 500 Europe here and the full list of Fortune 500 Europe female CEOs below:
View this interactive chart on Fortune.com
Emma Hinchliffe
emma.hinchliffe@fortune.com
@_emmahinchliffe
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