With more than $10.2 billion in net revenue for 2020, a 6.7 percent increase, Edward Jones moved up 41 spots to No. 295 on this year’s Fortune 500, which features an all-time record of 41 female CEOs, including Penny Pennington.
As the sixth managing partner in the firm’s 99-year history, Penny is responsible for the firm’s strategic direction, with a strong focus on initiatives that foster growth and development for all colleagues, and career opportunities for diverse candidates interested in joining Edward Jones.
The ranking places Penny, now in her third year as managing partner, on a short list of women leading companies in the top 300 on the Fortune list.
“As we grow, we are growing our impact and living our purpose to make a meaningful difference in the lives of our clients, colleagues and communities,” said Edward Jones Managing Partner Penny Pennington. “We are incredibly honored to be among the nation’s top 500 companies in service of our 7 million clients, 49,000 colleagues and thousands of communities across North America – helping to improve the financial resiliency and vitality of individuals and families so they can achieve what matters most to them.”
Penny began her Edward Jones career in 2000 as a financial advisor in Livonia, Mich. In 2006, she was named a principal and relocated to the firm’s St. Louis headquarters where she held various leadership roles. She was recently named No. 33 in her second appearance on the Fortune Most Powerful Women in Business list.