Rate of Women CEOs Rises in 2018
Over a year after the #MeToo movement exposed several executives with allegations of sexual misconduct, causing their removal from the CEO role, including Harvey Weinstein, Les Moonves, and Steve Wynn, the rate of women taking over the role of Chief Executive Officer in 2018 rose to 22 percent, after hovering at 18 percent in both 2017 and 2016, according to a report released by global outplacement consultancy Challenger, Gray & Christmas, Inc.
Of the 1,183 replacement CEOs recorded in 2018, 264, or 22.3 percent, were women. That is up from 18.4 percent in 2017, when women represented 183 of 993 replacement CEOs announced by U.S.-based companies.
Challenger tracks CEO changes from U.S.-based companies nationwide that have been in business for at least two years with a minimum of ten employees.