Up to one-third of new CEO appointments at the world's largest companies will be women by 2040, based on findings from the 14th annual Chief Executive Study from Strategy&.
Strategy&, formerly Booz & Co., examines CEO turnover and incoming CEOs at the world's largest 2,500 public companies for the study. The world's 2,500 largest public companies are defined by their market capitalization as of January 1, 2013, according to Bloomberg.
Strategy& forecasted the rise in women CEOs across all industries based on a 10-year trend in the company's data, high education among women, continued entry of women into the business workforce and changing social norms.
Here are a few other key findings and takeaways from the survey:
• Over the last 10 years, there have been 75 percent more women CEOs in the incoming than outgoing classes.
• Still, despite these gains, women made up 3 percent of the incoming CEO class in 2013 — a 1.3 percent drop from 2012.
• The study found women are more often hired from outside their companies as CEOs (35 percent of women versus 22 percent of men) and are also more often forced out of office (38 percent versus 27 percent of men).
• Outgoing CEOs' median tenure remained relatively stable as it has for the past six years. In 2013, it increased slightly to five years.
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