MAY 10, 2005: An IBM sign stands outside an IBM building May 10, 2005 in downtown Chicago, Illinois. IBM has recently announced job cuts in its European operation of 10,000 to 13,000 workers, mainly in Britain, France, Germany and Italy.
Photographer: Tim Boyle/Getty Images
Powerful. That's the word to describe the 2012 list of the 50 most powerful women in business. The list is published in the Oct. 8 issue of Fortune Magazine.
At No. 1 is Ginny Rometty, the president and CEO of IBM. Maintaining the No. 2 spot from last year, Indra Noovi, the chair and CEO of PepsiCo.
Hewlett-Packard president and CEO Meg Whitman rose to the third position while the chairman and CEO's of Kraft Food Irene Rosenfeld and DuPont's Ellen Kullman round out the top five.
One noticeable drop was Oprah Winfrey who held the 16th spot last year and now is dead last at 50th on this year's list.
Fortune's editors decide the list based on several factors including the company's size and the importance of the business in the global economy and the company's health and direction.
Here is the complete list of top women executives.
Here are the top 25:
1 Ginni Rometty IBM
2 Indra Nooyi PepsiCo
3 Meg Whitman Hewlett-Packard
4 Irene Rosenfeld Kraft Foods
5 Ellen Kullman DuPont
6 Patricia Woertz ADM
7 Ursula Burns Xerox
8 Sheryl Sandberg Facebook
9 Abigail Johnson Fidelity Investments
10 Safra Catz Oracle
11 Melanie Healey P&G
12 Anne Sweeney Disney/ABC Television Group
13 Rosalind Brewer Wal-Mart Stores
14 Marissa Mayer Yahoo
15 Carol Meyrowitz TJX Cos.
16 Phebe Novakovic General Dynamics
17 Sheri McCoy Avon Products
18 Susan Wojcicki Google
19 Marillyn Hewson Lockheed Martin
20 Denise Morrison Campbell Soup Co.
21 Gisel Ruiz Wal-Mart Stores
22 Carrie Tolstedt Wells Fargo
23 Bridget Van Kralingen IBM
24 Mary Callahan Erdoes JP Morgan Chase
25 Jan Fields McDonald's USA
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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