Perusing the latest round of statistics about women in high-ranking corporate finance jobs can be somewhat discouraging. There were just 44 women CFOs at Fortune 500 companies in 2010, unchanged from 2009. That disparity isn't limited to finance jobs at the top, of course. A recent study from research institute Catalyst shows women are underrepresented in the C-suite overall, holding 14.4% of executive officer positions in 2010. And the gap between the sexes in the business world starts early: in 2009-10, women made up just 38% of MBA graduates, according to AACSB International. However, the accomplishments of the outstanding women financial leaders, annually recognized by Treasury & Risk, serve as an inspiration and a reminder that perseverance and execution count. From issuing debt, negotiating new credit facilities and integrating acquisitions, to de-risking a pension plan and designing a new commodity hedging facility, these women in finance are doing the work that will make a difference to their companies, and to the economy as a whole.

Valentine Yien

Valentine Yien
Treasurer & VP
Abbott Laboratories
Before Yien was named treasurer last year, she served as controller of a former Abbott unit, Hospira. When it was spun off as a public company in 2004, she headed the finance group's work to establish it as an independent entity.

Nancy Cooper

Nancy Cooper
CFO & EVP
CA Technologies
As CFO since 2006, Cooper has led the finance team's effort to pull the software company out of the doldrums, returning it to investment-grade status and boosting its operating margins from 21% to 34%. Now she is figuring out how CA can profit from technology shifts like cloud computing and virtualization.

Suzy Riesterer

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