On Dec. 2, Billboard hosted some of the most powerful people in the industry for its fifth annual Women in Music Awards luncheon. The event, sponsored by Steve Madden and L'Oreal Professionnel, was held at the Pierre Hotel in New York and recognized the female executives who drive the business forward with their vision, professionalism and dedication. The achievements of both superstar and emerging artists were celebrated, as Billboard honored Fergie as its Woman of the Year, Jazmine Sullivan as its Rising Star and “Glee” cast member Lea Michele as its Triple Threat Star.

Honorees first attended the Eva Scrivo Salon in NYC to be primped, courtesy of L’Oreal Professionnel. Here, M.A.C. Presents CEO, Marcie Allen gets the final touches put on before heading out to the Pierre Hotel.

Billboard's 2010 Rising Star, Jazmine Sullivan, was all smiles as she walked down the red carpet. The night before Sullivan collected her 8th Grammy nomination and her second album, "Love Me Back," was released Nov. 30. Sullivan is nominated for Best Female R&B Vocal Performance for her hit song "Holding You Down (Goin' In Circles)."

Honoree, Marsha Vlassic senior VP of concerts and head of contemporary rock at International Creative Management (ICM), had a banner year in 2010 which included "the sold out Neil Young solo tour, Muse's meteoric rise, the return of the Strokes to headline Lollapalooza and Austin City Limits, and breakout tours for the Gaslight Anthem and Cage the Elephant" she told Billboard.

Sponsor of this year's event, Steve Madden (right) walked the carpet with Zone 4/Interscope recording artist, Jared Evan.

Billboard's Woman of the Year, Fergie (left) arrives just in time for a photo op with Billboard's Editorial Director, Bill Werde and Sullivan.

Not far behind her was Black Eyed Peas manager, William Derella, who was thrilled to see Fergie revered at this event amongst such a dynamic group of women.

Karen Sherry, senior VP of industry affairs at ASCAP and executive director of the ASCAP Foundation (left) and Fergie (right) congratulate each other on their successes. among Sherry's achievements is the $11 million the ASCAP foundation has raised in support of 1,500 music education and talent development programs.

Lance Bass, formerly of N'SYNC, attended the event.

Werde (right) congratulates BET Networks' Chairman/CEO Debra Lee (left) on a record breaking year for BET - which saw its best ratings and revenue ever.

Sylvia Rhone, president of Universal Motown and executive VP of Universal Records (left) and the first African American woman to head a major record company, poses here with Fergie before heading into the awards reception.

Julie Greenwald, chairman/COO of Atlantic Records, has proven to be a driving force in this business. Year to date, Atlantic's current-album market share is 6.5% (Nielsen Soundscan)- the highest for any label led by a female executive. Atlantic's websites have also seen a 73% traffic increase since Greenwald took the reigns in 2008. Billboard recognized her achievements by naming her the top female executive of the year. Greenwald (right) is pictured here with Werde (left).

Billboard's publisher, Lisa Ryan Howard (left) and editorial director, Werde (3rd from left) congratulate Sony/ATV Music Publishing co-president Jody Gerson (2nd from left) and Rhone (right).

Girl Power: Gerson, Allen, Lewis, Rhone, Greenwald, and co-president/COO, Warner Bros. Records, Livia Tortella gather together to show the unity of the industry's biggest female players.

Flying in to present Fergie (center) with her award were Black Eyed Peas bandmates and surrogate family - Taboo (left) and Apl.de.ap (right).

From left: Allen, Lewis, and NBC's Senior Entertainment producer Melissa Lonner hold their Women In Music awards high as they leave the stage. Lonner's many successes this year have included a boost in the Today Show's Friday Summer Concert Series - which in 2010 hosted Ke$ha, Katy Perry, and Lady Gaga.

Julie Swidler, executive VP of business affairs and general counsel for Sony Music Entertainment happily accepts her award with Dawn Soler, VP of music at ABC Studios.

In Gerson's time at Sony ATV, the company has seen its market share in Billboard's quarterly ranking - which had previously earned third or fourth place showings - skyrocket to first or second place in seven of the 11 tracked quarters.

"Glee"'s Lea Michelle took the stage to accept the first ever "Triple Threat Award." "Glee" received two Grammy nominations: One for Best Pop Performance By A Duo Or Group With Vocals for their cover of "Don't Stop Believin'" and Best Compilation Soundtrack Album For Motion Picture, Television Or Other Visual Media for "Glee: The Music, Volume 1."

Michelle sat down with Billboard's senior editor, Ann Donahue where she revealed that many people told her she would never have a recording career because her voice was too musical theater. Well she's shown them - Glee has released eight albums, all of which (except the newest, released Nov. 30) have been in the top 10 of The Billboard 200.

Michelle poses here with her award.

Sponsor, Steve Madden, takes the stage to announce Billboard's 2010 Rising Star, Sullivan.

Instead of giving a speech, Sullivan did what she does best and used her amazing voice to thank everyone for where she is today.

Sullivan poses here with her award.

Taboo (left) and Apl.de.ap (center) present sister, Fergie with her Woman of the Year award.

The gang poses here with Werde (left).

Fergie gave an inspiring acceptance speech, where she encouraged women to "Dream Big!... I did and it worked, and look at what beauty has come into my life."

The Today Show's Ann Curry (left) held a fascinating Q&A with Fergie (right), where the superstar revealed her upcoming plans - judging a new singing contest for Avon and taking some time to work on a new solo project, which she said "would be a masterpiece."

The Brooklyn Youth Chorus, with the assistance of artistic director Dianne Berkun and accompanist/arranger Joel Martin performed a rendition of "Big Girls Don't Cry" in tribute to Woman of The year honoree Fergie.

Fergie poses here with her award.

Alison Smith, senior VP of performing rights at BMI, displays her award.

From left: Taboo, Prometheus Global Media CEO Richard Beckman, Derella, and Apl.de.ap stick together amongst the room of women.

Actor Josh Duhamel (left) points out that he’s standing with two of the most celebrated women in the room: Michele (right) and wife Fergie (center).

From left: Taboo, Fergie and Apl.de.ap flip through the very special, limited edition of Billboard that was created specifically for the event.

Attendees got to take home great gifts provided by sponsor, Steve Madden.

Reporting By Elizabeth Hurst, Thom Duffy, and Mariel Concepcion

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