Australia's Westpac Bank boss ranks eighth in global power list

19:11, October 07, 2010      

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Australia's Westpac Banking Corporation chief executive Gail Kelly made the top 10 in Forbes magazine's List of The World's 100 Most Powerful Women in 2010 on Thursday.

The Westpac boss was up 10 spots from 18th last year to 8th this year, joining the list of top 10 most powerful women in the world.

South African-born Kelly, who is now 54 and came to Australia in 1997, is the only Australian figure to make the top 10 list.

U.S. First Lady Michelle Obama was crowned number one, followed by U.S. Kraft Foods chief executive Irene Rosenfeld and U.S. TV personality Oprah Winfrey.

Last year's first place winner, German Chancellor Angela Merkel, dropped to number four, U.S. Secretary of State Hillary Clinton jumped 31 spots to number five and PepsiCo chief executive Indra Nooyi came in at 6th place.

Kelly has been seen as an influential force in the male- dominated world of Australian business.

Figures showed that Kelly nearly tripled net profit at St George Bank during her six years as chief executive.

When she took over as chief executive of Westpac in 2008, Kelly was the first Australian woman to lead a top-four bank and the first female chief executive of a top 10 Australian companies.



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