Rosenfeld is second on power list

KRAFT chief executive Irene Rosenfeld is the second most powerful woman in the world, outranked only by American First Lady Michelle Obama, according to Forbes magazine.

Rosenfeld moves four places up the power rankings from last year’s Forbes list in the wake of Kraft’s £11.5bn play for chocolate maker Cadbury earlier this year.

German chancellor Angela Merkel dropped from first to fourth place in 2010 after four consecutive years at the top, while chat show host Oprah Winfrey took third place and US secretary of state Hillary Clinton came in fifth.

Other influential businesswomen who made the cut this year included Pepsi chief executive Indra Nooyi in sixth place; Gail Kelly, chief executive of Australian bank Westpac, in eighth; Cynthia Carroll, chief executive of miner Anglo American, in 14th place; Carol Bartz, chief executive of Yahoo, in 42nd position; and Burberry chief executive Angela Ahrendts, ranked 97th on the list.

Sallie Krawcheck, president of global wealth and investment management at Bank of America Merrill Lynch, was placed 44th, while Axa Private Equity chief executive Dominique Senequier scraped into the list at 100.