– Path to the highest. On their approach to top-tier CEO positions, girls typically take an additional step, in accordance with a new evaluation by the Eos Basis.
Throughout the S&P 500, girls CEOs have been 32% extra more likely to spend time in a job as president earlier than being named chief government. Citi chief Jane Fraser, Clorox CEO Linda Rendle, ADP chief Maria Black, and Otis chief Judith Marks are just some of the ladies who made stops as presidents on their approach to the very prime.
Males, extra typically, skipped that step and went straight from main a enterprise unit to changing into CEO. Twenty-nine % of male CEOs went from a enterprise division job, whereas solely 23% of feminine CEOs did (Accenture CEO Julie Candy and Expedia CEO Ariane Gorin are two amongst them).
Seventeen % of males went from COO to CEO whereas solely 8% of girls did (like AMD chief Lisa Su). CFO is one position that has confirmed to be a stable launching pad for ladies—10% of feminine CEOs have been CFO immediately beforehand (like Finest Purchase CEO Corie Barry), whereas solely 6% of male CEOs have been.
The additional step girls are taking over the best way to CEO “suggests that they often need to go further to prove they’re ready for the top job” says Eos Basis president Andrea Silbert. “One possibility is that some corporate boards or CEO hiring committees perceive women as carrying additional risk and therefore want to see them serve as presidents before considering them for the CEO role,” she provides.
This evaluation of the pathways girls take to CEO additionally sheds some gentle on why girls are much less more likely to put themselves ahead for jobs with out feeling absolutely certified. “Women may actually be acting rationally,” Silbert says, “because in practice, they do need to be more qualified to advance.”
Emma Hinchliffe
emma.hinchliffe@fortune.com
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