More Women Are Primed to Land CEO Roles
Source: Wall Street Journal
With a growing pool of highly qualified women and intensified investor pressure on boards to diversify corporate management teams, companies "are hiring more high-potential women who could be CEO," says Judith von Seldeneck, head of Diversified Search, a Philadelphia executive-recruitment firm.
The ranks of female chief executives remain thin, with women in the top spot at just 35 Fortune 1000 companies. But the pipeline is promising, says Maggie Wilderotter, CEO of Frontier Communications Corp., FTR +0.37% adding that she has noticed a number of "women in waiting" at Xerox Corp. XRX +1.99% and Procter & Gamble Co., PG -0.09% where she is a board member.
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In good news for the pipeline, a study conducted by McKinsey & Co. for The Wall Street Journal, to be released Monday, found that 24% of senior vice presidents at 58 big companies are now women.
A lack of profit-and-loss experience may stall some women's progress. Four of Douglas Conant's 10 direct reports were women during most of his tenure as CEO at Campbell, but Ms. Morrison, his successor, was the only such lieutenant with P&L responsibilities.
Read more: http://online.wsj.com/article/SB10001424052702303990604577368344256435440.html
The one thing that jumped out at me is that the group of 10 top echelon women for CEO positions, 9 have children, and "many" have house-husbands.
Its worth reading the entire article.
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