The Top 100 GC Moves Of 2021 From Around The World

Top GC Moves of 2021
A recent BoardEx analysis looks at the top 100 GCs appointed in 2021 ranked by their organizations’ market cap.

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The legal and compliance market is booming. BTI Consulting Group found that total legal department expenditures had increased 2% in 2021, and the demand for General Counsel talent looks to only continue growing.

A recent BoardEx analysis looks at the top 100 GCs appointed in 2021 ranked by their organizations’ market cap. The BoardEx data shows that 46% of these GCs were appointed externally, which is 16% more than that of the top CFO appointments for 2021. Nearly half of the top GCs appointed in 2021 were female, and just 9% are a part of the BoardEx Diversity Network including Monica Douglas of Coca-Cola Co. and Michele Lau of GoDaddy Inc.

A separate BoardEx study of the GCs within the Fortune 1000 finds those appointed to the top had an average of 23.2 years of professional experience between time spent at a law firm and in the corporate or government sector. US law firm Latham & Watkins have the most Fortune 1000 GCs in their alumni, including one from the top 100 list, Kathryn Ruemmler of Goldman Sachs.

What are teams looking for in a GC? Hunt Scanlon says specific industry experience or business knowledge is a must— but diversity can play a major factor in the CEO and board’s final decision. Data shows that this past year, about 62% of the newly appointed general counsels were either a woman and/or minority respectively.

Top 10 GC Moves of 2021

NameGenderOrganizationRoleSectorCountry/RegionAppointment Diversity Network
Julie RottenbergFemaleVisaExecutive VP/General CounselSpeciality & Other FinanceUnited StatesInternal
Richard VermaMaleMastercard General Counsel/Head of Global Public PolicySpeciality & Other FinanceUnited StatesInternalAsian Association Network
Monica DouglasFemaleCoca-Cola Senior VP/General CounselBeveragesUnited StatesInternalBlack Association Network
Todd MachtmesMaleSalesforceGeneral CounselSoftware & Computer ServicesUnited StatesInternal
David FlavellMalePepsicoExecutive VP/General Counsel/Corporate SecretaryBeveragesUnited StatesInternal
Karen HaleFemaleNovartisChief Legal OfficerPharmaceuticals and BiotechnologySwitzerlandExternal
Ann ChaplinFemaleQualcommGeneral Counsel/Corporate SecretaryElectronic & Electrical EquipmentUnited StatesExternal
Jessica HertzFemaleShopifyGeneral CounselSoftware & Computer ServicesCanadaExternal
Maria DouvasFemaleRoyal Bank of CanadaChief Legal OfficerBanksCanadaInternal
Mark NelsonMaleT-Mobile USExecutive VP/General CounselTelecommunication ServicesUnited StatesExternal

Source BoardEx

Access the full list of 100 GCs appointed in 2021 below.

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