Title: Worldwide Chairman, Global Medical Solutions Group
Company: Johnson & Johnson
Last year's rank: 40
Despite a bump in J&J's 2012 revenue to $67.2 billion, sales in Licitra's global medical solutions group stalled at $8.6 billion for the second year in a row. But J&J has high hopes for a new sedation technology, developed on Licitra's watch.
The Most Powerful Women in Business list is compiled by FORTUNE editors, who consider four criteria: the size and importance of the woman's business in the global economy, the health and direction of the business, the arc of the woman's career (resume and runway ahead), and social and cultural influence.