FEMALE CEO’s ONLY 5% and DECLINING
Women continue to be kept from top leadership even in the Fortune 500 Companies where a woman broke through the glass ceiling and became CEO. Here is an article on this.
It says in part:
“By Jeff Green
Of the at least 24 female chief executive officers of S&P 500 companies who’ve stepped down since 2009, all but three have been replaced by a man, according to an analysis of data on executive departures compiled quarterly by recruiter Spencer Stuart. That includes PepsiCo Inc. CEO Indra Nooyi, who announced Monday that she’ll leave the post in October, and at least four other women this year.
The largest companies have struggled to elevate women, who hold only about 5 percent of CEO positions. Progress has stalled even amid the revelations of harassment or other misconduct brought to light by the #MeToo movement and pressure from investors such as State Street Corp. and BlackRock Inc. to get boards to add diversity.
“Despite the advances that females have made over the last 10 years, and the big push that’s going on to get them into executive positions, if you look at the talent pool of available individuals, it’s going to be mostly men,” said Tom Flannery, who leads the global chief executive board services practice at Boyden, an executive recruiter. “Just from a pure odds standpoint, most of the time, when a CEO is replaced, it’s going to be with a man.”
The departure of Nooyi drops the number of women CEOs in the S&P 500 to 23, according to Bloomberg analysis and data compiled by researcher Catalyst. Kathy Warden is scheduled to become CEO of Northrop Grumman Corp. in January.”
To read entire article click here.