Strategy&, a member firm of the PwC network of firms, recently released the 14th annual Chief Executive Study, which examines CEO turnover and incoming and outgoing CEOs at the world’s 2,500 largest public companies.
The latest study focused on women and discussed that while there are more incoming women CEOs in the world’s largest public companies, its actual figures are low and fluctuating. Women made up just 3% of new big-company CEOs in 2013, a 1.3 percentage point drop from 2012, the report noted.
But the authors expect progress over the next quarter of a century. “As much as a third of the incoming class of CEOs will be women by 2040, based on a 10-year trend in our data, ever higher education of women, continuing entry of women into the business workforce and changing social norms around the world,” said study co-author Ken Favaro, Strategy& senior partner.