In 2026, women entered boardrooms that had never previously had a woman at the head of the table. Big Oil got its first female CEO. A global mining association appointed its first female leader. Even the most famous men’s razor brand in the world is now run by a woman.
For our Q4 2026 list of the most powerful women in business, we looked at five women whose appointments this year best illustrate the direction of corporate leadership. We have focused on size, firsts and the establishment of positions in industries that have been almost exclusively dominated by men: mining, chemicals, banking, energy and (rather unexpectedly) men’s grooming.
5. Ginbee Go, incoming CEO, Bank of the Philippine Islands
Why she’s here: the first woman to be named CEO of the oldest bank in Southeast Asia.
Maria Cristina “Ginbee” Go has been appointed as incoming CEO of the Bank of the Philippine Islands (BPI), succeeding Jose Teodoro “TG” Limcaoco. The announcement was made on 22 October. She will take office on 26 April 2027, pending approval. BPI is now approximately 175 years old. Ginbee Go will be the first woman to lead the bank.
Go has worked at the bank for 23 years. She currently leads the consumer banking operations. She also led BPI Family Savings Bank and was involved in its merger into BPI. This is the same step followed by her predecessor. Her previous positions also include Procter & Gamble, Ayala Land and Citibank.
Her background is strong. She earned an MBA from Harvard Business School with honours. She came top in the national CPA exam in the Philippines in 1991. Her job will be to lead BPI in a rapidly expanding and rapidly digitalised retail banking environment (Manila Bulletin).
4. Juliana Azevedo, CEO, P&G Global Grooming (Gillette)
Why she’s here: the first woman to lead Gillette, one of the most famous brands built for men for over a century.
Juliana Azevedo became the head of P&G’s global personal grooming business in July, replacing Gary Coombe, who retired after 40 years at the company (exchange4media). The business includes Gillette, Braun, Venus and King C. Gillette, serves approximately 800 million consumers and produces about $7 billion annually.
Azevedo has been with P&G for her entire career. She began as an intern in 1996. She was the first woman to lead P&G in Latin America. During that time she led a turnaround. She has also previously led Home Care, which is P&G’s second-largest business. She also previously worked on the integration of Gillette in Brazil. This gives her some understanding of the brand.
What makes this role interesting is the symbolism. Gillette has long been marketed specifically to men. Few products have been more gendered. Now a woman is in charge of the world’s largest shaving brand (Happi).
3. Froydis Cameron-Johansson, incoming President and CEO, ICMM
Why she’s here: leading one of the most male-dominated sectors of the global economy as the first woman to be President and CEO of the International Council on Mining and Metals.
Froydis Cameron-Johansson will take the reins of the ICMM from 23 November following a competitive and intensive search process. Her appointment was announced on 14 October. ICMM comprises many of the largest mining companies in the world and so its CEO essentially acts as the representative for the mining industry on a global level.
Cameron-Johansson has worked in some of the top resource companies such as Rio Tinto, Anglo American and Shell. Her experience gives her credibility with member companies at a delicate moment.
The importance of her role is that critical minerals like nickel, lithium and copper are at the heart of both global trade between the largest economies and the shift towards a low-carbon energy economy. Cameron-Johansson will help ensure that supply chains and mining of these minerals follow a responsible path and as such she is in a key position in one of the key industry issues of the decade.
2. Karen S. Carter, CEO, Dow
Why she’s here: the journey from intern to CEO of one of the largest chemical companies in the world and one of only three Black female CEOs of a Fortune 500 company.
Karen S. Carter has been Dow’s CEO since 1 July 2026, succeeding Jim Fitterling who has taken on the role of executive chair. Chemicals and heavy industry have rarely had women at the CEO level. Carter now leads a global company in the field of materials science.
Carter started at Dow as an intern in 1994 and has worked her way up through marketing, sustainability and commercial roles. She has managed Packaging & Specialty Plastics (the largest division at Dow) and has also held the position of chief operating officer prior to her appointment as CEO (Plastics Technology).
The chemicals industry is at a difficult time with the focus on efficiency and restructuring. Her appointment has also secured her a place on Fortune’s list of 2026 Most Powerful Women and has also put her among a very small number of Black female CEOs at a Fortune 500 company (AfroTech).
1. Meg O’Neill, CEO, bp
Why she’s here: the first woman to hold the position of CEO at an oil supermajor and she only has six weeks to present her vision to the market.
Meg O’Neill became bp CEO on 1 April 2026. She is the first female CEO of one of the top five oil companies and the first external hire to run the British company in over 100 years. O’Neill was placed 16th on Fortune’s list of 2026 Most Powerful Women and is also making her first appearance on the list.
Before joining bp she ran Woodside Energy, where she led the 2022 merger with BHP’s oil and gas division. At bp O’Neill inherited a company that had changed CEOs three times in five years, a debt level of approximately $22 billion and pressure from activist investor Elliott Management.
O’Neill will face her first real test in the fourth quarter. bp releases its third quarter results on 30 October and O’Neill will be presenting her full plan for the company in New York on 15 December (ITV News). She has already taken steps to improve shareholder returns and has begun to sell bp’s US biogas unit, Archaea. What O’Neill presents in this period will not only impact on bp but also on the perception of women in energy at the top level.
What this list tells us about 2026
What ties the women together is not only their positions but also that boards of chemicals, mining, consumer companies and energy are now actively looking to appoint women to top positions. Four of the five are making history in their respective companies and the fifth heads one of the toughest heavy-industry businesses on the planet.
One trend that can be seen is that many of the women have been with their company for a long time and many began in intern roles. This signals a move towards promoting women that have been nurtured rather than passing them by.


