Skip to content

8 August, 2026

  • Saved Articles
  • My Account
  • Subscribe
  • Log In
  • Log Out

Board Agenda

  • Governance
  • Strategy
  • Risk
  • Ethics
  • News
  • Insight
    • Categories

      • View all
      • Governance
      • Strategy
      • Risk
      • Ethics
      • Board expertise
      • Finance
      • Technology
    • leadership crisis

      How to fix the leadership crisis

      Unpopular opinion? It’s time for organisations to shift away from feelings to focus on competency...

      AI behaviour

      How do you measure AI adoption?

      It’s easy to produce metrics on AI software deployment, but these are pointless without tracking...

      prestigious board

      The hidden risk of prestigious boards

      High-profile directors bring experience, influence and credibility—but may lead to challenge being reduced and governance...

  • Comment
      • View all
    • leadership crisis

      How to fix the leadership crisis

      Unpopular opinion? It’s time for organisations to shift away from feelings to focus on competency...

      AI behaviour

      How do you measure AI adoption?

      It’s easy to produce metrics on AI software deployment, but these are pointless without tracking...

      risk management

      Why risk management requires good judgement

      Relying on probability models and mitigation plans is not enough—boards need to focus on making...

  • Interviews
      • View All Interviews
      • Podcasts
      • Webinars
    • governance

      How better governance helps private companies grow

      If governance is to become mature, management decision-making has no place on the board’s agenda,...

      future-ready

      Is your board ‘future-ready’?

      The survival of a business in uncertain times depends on its ability to pivot as...

      investor confidence

      Lack of audit reform ‘will hit investor confidence’

      Government's failure to push ahead with audit reform is a risk to UK investments, the...

  • Board Careers
      • View All
    • female ceos

      FTSE 100 CEO appointments rise

      The number of CEO appointments has doubled in six months, although the global picture suggests...

      board role

      How to engage with outreach

      When board opportunities knock, should you answer the door? Here are tips from a new...

      growth

      Governance Guide: How boards drive growth

      The strategic role of the board is changing rapidly, in line with a shifting world....

  • Resource Centre
      • White Paper Downloads
      • Book Reviews
      • Board Advisory & Corporate Services
    • FRC Annual Review of Audit Quality 2026

      This Financial Reporting Council report uses findings from its supervisory activities to assess audit quality...

      Governance Guide: How Boards Drive Growth

      This Board Agenda Governance Guide investigates how directors can evolve to drive performance and growth...

      Organizational Transformation in the Age of AI

      This World Economic Forum paper looks at how organisations must re-architect their workflows and operating...

  • Events
  • Search by topic
    • Governance
    • Strategy
    • Risk
    • Ethics
    • Regulation
    • ESG
    • Investor Relations
    • Careers
    • Board Expertise
    • finance
    • Technology

A new path for female CEOs

by Jenni Hibbert

Forget the career ladder: the route to leadership is the path that maximises experience and development of the skills needed in the top job.

route to the top

Image: Dapitart/Shutterstock.com

Favorite

While we have seen progress in female representation in the C-suite, at board level and in the non-executive director space, the number of women in the CEO role in UK companies is, at best, experiencing inertia. Heidrick & Struggles’ 2025 Route to the Top report, published in April of this year, reveals a flatline in progress: in 2025, 9% of CEOs in the UK are women, barely moving from 8% in 2024 and 10% in 2023. To boost these numbers, action is undeniably needed, but what can be done—and by whom?

Is it the responsibility of organisations looking to benefit from diverse leadership, the individuals who want to prove themselves in the top job? Or the succession planners tasked with identifying and shaping future CEO candidates?

There are the significant experiential barriers preventing many women from becoming CEOs

In the first instance, anyone looking to drive this change must recognise the significant experiential barriers preventing many women from becoming CEOs. The nature of the job is evolving; previously, a long-term appointment that step-up candidates could grow into. Now, the global average tenure of a listed company CEO is below five years. Coupled with the demands of the role, this high turnover means boards favour individuals with a bank of relevant experience, from managing a commercial P&L to investor relations and sector-specific expertise.

Today’s volatile business environment is making boards cautious and even conservative in their thinking, and the brilliant step-up candidate who needs to learn on the job will lose out to the tried and tested candidate—who, statistically, is likely to be a man. With far fewer women already in CEO roles, there are fewer opportunities for them to gain the relevant experience, and progress remains stalled. To accelerate it, we need to reroute the talent pipeline and rethink succession planning.

Succession for tomorrow, today

The brilliant step-up candidate who needs to learn on the job will lose out to the tried and tested candidate—who, statistically, is likely to be a man.

When it comes to CEO succession, best practice for any company is to begin considering who will come next on the same day a new CEO is appointed. It doesn’t always happen, but that individual should have a conversation with their chair on succession planning. The longer the board has, the wider the talent pool will be—especially when it includes enabling internal prospects to gain appropriate experience, long before they become part of an active selection process. Unfortunately, a majority of UK board members—57%—lack confidence in the process.

While this may look like an opportunity to nominate female candidates and generate a diverse pipeline, I believe companies should be wary of this as a self-defeating exercise. The only women put forward should be those with a fighting chance of getting the job. Otherwise, it is self-defeating, even disingenuous, and does female talent a disservice—and could dissuade other women from stepping forward for fear of being viewed as a ‘token female’ candidate. These processes are highly visible, and the succession committee will be judged on how internal candidates are presented and promoted.

Career hopscotch

Instead, aspiring CEOs should recognise that a career path is no longer a ladder—it’s a hopscotch board, with squares representing a broad palette of experience. Progress can manifest itself in unexpected ways, and one must be prepared to move not only forwards but also sideways or diagonally to reach their goal. It is about being objective over the benefits of a lateral move if, for example, it gives you P&L expertise, cross-sector experience, exposes you to a digital transformation project, or offers greater customer centricity or geographic breadth.

The only women put forward should be those with a fighting chance of getting the job.

It is equally important to hone your human skills. Having a learning mindset is key, maintaining curiosity and expanding your intellectual capacity; as is the ability to work with and through others, build good teams and empower individuals. These are critical capabilities for any CEO, as is the resilience not to be put off by early rejections for the top job. During your first participation in the CEO succession process, you will be the step-up candidate, and the odds will be against you; but these setbacks will be integral to making you a stronger leader.

The nature of the workforce is changing, and eventually, the dial will move on the number of women CEOs in the UK. The profile of incoming and outgoing talent, and therefore who is chairing boards and selecting the next generation of CEOs, is diversifying. Even so, boards will choose the most suitable candidate for the role, irrespective of gender—and it is the responsibility of organisations, individuals and succession committees to ensure there is a pipeline of qualified, experienced candidates, including women, to choose from.

Jenni Hibbert is global managing partner, Go-To-Market and regional leader, Europe & Africa with executive search firm Heidrick & Struggles

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • Mail

Related Posts

  • Sharp rise in FTSE 100 CEO churn
    April 23, 2024
    CEO churn

    The number of chief executives leaving listed companies shows a spike in this year’s first quarter, global survey reveals.

  • Filling top CEO roles externally is on the rise
    March 1, 2024
    boards diversity

    Survey also shows poor progress on diversity, with chief executive appointments being almost exclusively white and male.

  • 3 transformative approaches to finding the best CEO
    April 18, 2025
    minority NED

    Stereotypes, subjectivity and ‘hand-raisers’ can get in the way of choosing the best leader. Here’s how to optimise your selection.

  • Women blocked from FTSE 100 CEO career path
    December 12, 2023
    ceo career path

    Nearly half of chief executives progress via the role of divisional head, but less than a fifth of divisional leads are female, study finds.

Search


Follow Us

Most Popular

Featured Resources

The Future of FTSE 350 Chairs: Pathways, Pipelines & Barriers 2026

This report is a collaboration between the FTSE Women Leaders Review and Professor...

Agentic AI from principles to practice 

‘A C-suite guide to capturing value without losing control’, this Forvis Mazars...

Route to the Top: Europe 2026 

This survey report from Heidrick & Struggles finds that companies are tending...
board's role in a rewired world fgs 2026 cover

A hard job getting harder: The board's role in a rewired world

The role of a corporate director is demanding intellectually, ethically and strategically—and...

Boardroom resilience: Practical governance for risk, readiness and rapid response

Boards are operating in a world defined by uncertainty. Geopolitical tensions, climate...

Board Value Index Summer 2026

Board Intelligence found 86% of directors say rigid processes and inconsistent frameworks...

Governance Guide: Navigating Conflict in the Boardroom

The 'Governance Guide' on navigating conflict in the boardroom provides practical...

Becoming a non-executive director (4th edition)

Board composition is the subject of much debate, while the role of the non-executive...

SUBSCRIBE TODAY

Stay current with a wide-ranging source of governance news and intelligence and apply the latest thinking to your boardroom challenges. Subscribe


  • Editors & Contributors
  • Editorial Advisory Board
  • Board Advisory & Corporate Services
  • Media Marketing Solutions
  • Contact Us
  • About Us
  • Board Director Network
  • Terms & Conditions
  • Privacy Policy
  • Cookies

Copyright © 2026 Questor Media Group Ltd.

  • Terms & Conditions
  • Privacy Policy