While the percentage of replacement CEOs who are women has steadily increased in the last seven years, it still lags well below the percentage that are men, according to global outplacement and business and executive coaching firm Challenger Gray & Christmas.
Women made up almost 23% of CEO appointments in 2020, up from 15% in 2014 but well below the 77% that were men.
Going back to 2014, the vast majority of CEO appointments, 72%, were men replacing men. However, this percentage is on the decline, from 76% in 2014 to 69% in 2020. In the meantime, the percentage of placements that were women replacing men steadily rose from 10% in 2014 to 16% in 2020. The percentage of men replacing women and women replacing women stayed relatively stable.