MORE WOMEN CEOs, SLOWLY BUT SURELY
or 14 years, global management consultancy firm Strategy& (formerly Booz & Company) has examined CEO turnover at 2,500 of the world’s largest public companies. The focus has been on incoming and outgoing CEOs – rather than all CEOs – helping to understand what companies are looking for in their CEO and how the role is changing. The research shows that the number of incoming women CEOs has been larger than the number outgoing, indicating that women CEOs are becoming more prevalent among the world’s top companies. They are still rare — just 3% of new CEOs — but their number is increasing and this trend is expected to accelerate. The data indicates that by 2040 as many as one third of incoming CEOs will be women, based on an ever higher education of women, the continuing entry of women into the business workforce, and changing social norms of corporate Eva Jansen-Diener leadership around the world. PricewaterhouseCoopers Companies in the US and Canada have had the highest Эва Янсен - Динер percentage of women CEOs over the past decade (3.2%). In Western Europe the percentage of women CEOs is 1.4%, while PricewaterhouseCoopers Japan has had the lowest share of female top executives at 0.8%. Companies in the IT and consumer products industries have had the highest percentages of women CEOs (3.1% and 2.6%, respectively). The materials industry has had the lowest share of female CEOs (0.8%). In terms of professional background, women CEOs are different from their male peers in that they are more often outsiders — new CEOs hired from outside the company (35% of women versus 22% of men). Otherwise, women CEOs have about the same professional backgrounds as their male counterparts. The fact that woman CEOs are had worked at only one company. 80% of incoming CEOs more often outsiders may be an indiwere from the same country as that in which the company cation that companies have not been headquarters was located and 65% did not have experience able to cultivate enough female exworking abroad. The median age of new CEOs was 53. ecutives in-house. The fact that companies continue to select CEOs who New CEOs were mostly familiar are familiar faces, particularly when it comes to nationality to their companies: 76% of last year’s and international experience, suggests that the ‘global CEO’ new CEOs were insiders, and 26% is more mythical than real.
The fact that companies continue to select CEOs who are familiar faces, particularly when it comes to nationality and international experience, suggests that the ‘global CEO’ is more mythical than real.