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Sunoco CEO, First Woman To Run Oil Major, Among Most Powerful Women

Sunoco CEO Lynn Laverty Elsenhans, who became Sunoco CEO in 2008, has been named one of the world's most powerful women for the fourth straight year. She came in at No. 46 on this year's Forbes World's Most Powerful Women list. In previous years, she was No. 39, No. 10 (2009) and No. 36 (2010). Among other women on the list are Hillary Clinton (No. 2), Michelle Obama (No. 8), Oprah Winfrey (No. 14), Diane Sawyer (No. 47) and Queen Elizabeth II (No. 49).

Sunoco posted a $101-million first-quarter loss this year, though. Elsenhans, who called it "unacceptable," now plans to focus on Sunoco's retail and fuel logistics businesses while reducing refining operations.

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