Reese earned another important accolade today – she was named on Fortune magazine’s Most Powerful Women list. Fortune’s Most Powerful Women list is a ranking that is put out every year looking at the 50 most powerful women in business. Four criteria are considered: the size and importance of the business, the direction of the business, the social and cultural relevance, and the trajectory of the woman’s career. Reese was not eligible for the main 50, but was featured as their special ‘number 51’ – read more below, and see the full list here:
Fortune’s Most Powerful Women
It’s MPW day. It’s a big day for us here at Fortune MPW HQ: The 2017 list of the Most Powerful Women in Business is out!
Racing into the top spot—for the third year in a row—is General Motors CEO Mary Barra. Rounding out the top 5: PepsiCo CEO Indra Nooyi (more on her later), Lockheed Martin CEO Marillyn Hewson, Fidelity CEO Abigail Johnson, and Facebook COO Sheryl Sandberg.
In all, the list includes seven newbies, one return, and 26 CEOs who, together, control a total market cap of $1.1 trillion. We have all the juicy details—including who’s off, who’s on, and who’s on our radar—below.
But before we get to that, it’s worth pointing out that this year marks Fortune’s 20th list, a testament to the importance we place on charting and celebrating these women’s careers. For more, I encourage you to read this editor’s letter, in which our fearless leader, Cliff Leaf, reflects on the history—and continuing necessity—of the ranking. As my co-editor on the list, Beth Kowitt, tells Cliff, covering the ever-evolving story of women in business is “complicated—and critically important, surprising, fascinating, and inspiring too.”
MORE FROM THE MPW ISSUE
• New women on the block. While the MPW list always includes women from a diverse range of businesses, this year’s newcomers have raised the bar: all seven hail from different industries. From energy (PG&E CEO Geisha Williams) to toys (Mattel CEO Margo Georgiadis) to retail (Ulta Beauty CEO Mary Dillion), they provide a peek into the diversity of global business today.
• MPWs in waiting. While these 10 women didn’t make the official list, they did catch our eye. We wouldn’t be surprised to see many of them grace the top 50 ranking in years to come…
• She’s No. 51, y’all. We have a tradition of naming a “bonus” MPW—No. 51—a distinction that goes to a woman who doesn’t technically fit our parameters when it comes to P&L and market cap, but who nevertheless captures the list’s powerful, business-savvy spirit. This year that spot goes to Hollywood multihyphenate Reese Witherspoon. For those keeping score at home, Witherspoon has launched a lifestyle startup as well as a multi-platform content company; and produced hits including Gone Girl, Wild, and Emmy fav Big Little Lies—all while still landing big, juicy acting roles for herself.
Reese appeared on CBS’s This Morning earlier today – she chatted more about Big Little Lies, how she changed the course of her career in recent years, her upcoming project with Jennifer Aniston, and Draper James. Watch the video below and find HD screencaptures in our gallery:
Reese chatted about Home Again, roles for women in TV/film, Big Little Lies, A Wrinkle In Time, and her upcoming TV show with Jennifer Aniston on Good Morning America today. She also talked about her kids and Ava’s upcoming 18th birthday! Reese was then joined by her Home Again co-stars and director to chat more about their film. Watch the interview below, and find stills and HD screencaptures in our Gallery:
Reese graces the cover of the new October issue of US Glamour magazine, and inside she writes an article for the magazine about empowering women in Hollywood and promoting women’s rights. She touches on some of her female-driven projects including Wild and Big Little Lies, as well as A Wrinkle In Time, her children’s response to her producing work, and her goals with Hello Sunshine. It’s a really good read, and you can find the full article here. The article is accompanied by a fun and fantastic new photoshoot – find that, in HQ, in our Gallery!
Reese Witherspoon Extends Overall Deal With ABC Studios
Reese Witherspoon is extending her overall deal with ABC Studios for another year through her new company, Hello Sunshine. Under the pact, Witherspoon and Hello Sunshine’s head of film and television Lauren Levy Neustadter will develop comedy and drama TV projects for the studio.
Witherspoon previously had an overall deal at ABC Studios though Pacific Standard, the production company she co-founded with Bruna Papandrea. The pact yielded multiple sales and an ABC drama pilot in 2016 written by Meaghan Oppenheimer. Papandrea exited the company last year to start a new venture.
Witherspoon, who recently executive produced and starred in HBO’s buzzy limited series Big Little Lies, is repped by CAA, LBI, and Hansen Jacobson.
Reese is gracing the cover of the September issue of Southern Living magazine! In the interview she talks about Draper James and her influences for this brand, her family life, and briefly about Big Little Lies and some of her favourite actresses work on screen. The interview is accompanied by a beautiful, laid back photoshoot showcasing items from Draper James.
Read the article and watch behind the scenes videos within this post, and find the photoshoot in our Gallery. We’ll have scans for you asap…
Reese Witherspoon’s Southern Charm
The Nashville native opens up to Julia Reed about family, her favorite hometown foods, and the Southern women who have inspired her every step of the way
What did you do for Mother’s Day?
We had lots of people over for lunch, including Laura Dern [Witherspoon’s close friend and costar in Wild and Big Little Lies] and her mom, [actress] Diane Ladd, who has become friends with my mom. It’s pretty cute—they really love each other and talk all the time. They’re even planning on taking a road trip together!
In my family, we say, “It doesn’t have to be true to be told.” At lunch, my mom was telling a story about when I moved out here and how she found my apartment and paid for it. I said, “Mom, you know none of that’s true, right?” I found my own apartment, and she did not do any of it! But most of the time, I don’t even bother to interrupt…I think there’s nothing better than a Southern person as they age. The stories get better and better and less and less true.
You often visit Nashville, where you’ve said you’re “so much more relaxed.” But Nashville is not nearly as relaxed—or sleepy— as it was when you were growing up there. How has it changed?
Lately, Nashville has experienced a lot more commerce, a lot of growth, and a lot of new ideas, which is awesome. And you can’t throw a rock without hitting some new culinary surprise. I like Hattie B’s Hot Chicken. Edley’s Bar-B-Que has great fried okra, one of my favorite foods. City House and Rolf and Daughters are really good, and Josephine is great for brunch. Five Daughters Bakery has the best doughnuts, and if we want a meat ’n’ three, we go to Swett’s Restaurant.
Reese Witherspoon Reveals Her Favorite Fashion Trend
The actress talks cowboy boots and prairie dresses for the fall season.
These looks remind me so much of the clothes I wore growing up in the South. I was always dressing in prairie skirts and cowboy boots when I was little. I loved to watch Little House on the Prairie and play cowgirl. My favorite childhood memories are rooted in country music, doing square dances in cowboy boots. I learned to clog- and line-dance before I learned the fox-trot. I’m very influenced by country singers like Loretta Lynn, and, of course, Dolly Parton is my biggest idol. And I loved all the gorgeous long, flowing lace dresses Sissy Spacek wore when she played Loretta Lynn in Coal Miner’s Daughter. Western is such a huge style in Nashville. There was a famous designer named Nudie, and everyone from Johnny Cash to Dolly Parton wore his suits. The clothes have real Western flair. It’s so cool to see the look being recognized now as a global fashion trend. Maybe it’s about returning to a time and place that people find comforting and when everything seemed simpler. But it’s always been a part of my life. I mean, you’re talking to the girl who wore cowboy boots to her own wedding reception. I switched out my gown and heels for a short dress and cowboy boots because they’re comfortable and fun to dance in. I do love the look of a pretty dress or a floor-sweeping skirt with cowboy boots. It’s feminine and a little rugged, which encapsulates my personality.
I remember being in fifth grade and begging my grandmother to buy me a prairie skirt, and when she finally did I wore it every day with white cowboy boots. I’m definitely a dress-or-denim-skirt-and-cowboy-boots sort of girl. Every time I put on a pair, I feel like I’m back home. It’s so funny because my daughter just walked into my room wearing an off-the-shoulder vintage prairie dress—she’s so on trend. Except that she was wearing sneakers, and I was like, “I wish you had some boots on.” I have so many pairs of cowboy boots; I buy them new from Betty Boots when I’m in Nashville. And I buy every single one of my kids cowboy boots, and they wear them until they fall off. I also wear mine until they’re threadbare. They look better when the leather is worn-out, then I resole them. The intricate stitching and detail on Western shirts are so pretty and add a little something, as do tasseled bags and purses. And I love cowboy hats, obviously. They’re beautiful, and they give a prairie dress or skirt that something extra. The best versions are those that aren’t overly embellished. I can wear a cowboy hat with anything—you have to own it. For an easy and chic way to incorporate a bit of Western into your wardrobe, I like the idea of a chambray shirt over a dress. We work a different iteration of the chambray and Western shirt into our Draper James collection [Witherspoon’s fashion label, which she launched in 2015] each season. For us down South, it’s the perfect layering piece because it’s so hot. Our Draper James chambray shirts and jeans are made in Blue Ridge, Georgia, by these wonderful women who have been making blue jeans for 40 years. It’s an honor to be part of that tradition. I think there’s a mood for wanting to celebrate classic Americana right now. The whole Western look is very romantic, and there’s no beating that wearability and durability factor.
This article originally appeared in the September 2017 issue of Harper’s BAZAAR, on newsstands now.
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