Female CEOs gain ground in 2018

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Last year was a turning point for females in leadership: One in five incoming chief executives in 2018 was a woman, according to a report, and the #MeToo movement could be responsible for it.

The annual Women CEO Report from outplacement firm Challenger, Gray & Christmas found that, out of 1,183 companies that installed a new CEO last year, 264 of those — just over 22 percent — chose a woman to helm the company, compared with roughly 15 percent in 2014,NBC News reported.

“I think the #MeToo movement brought a lot of light to the issue that a very small percentage of CEOs are women,” Andrew Challenger, vice president of the company that produced the report, told NBC News.

Last year, 175 women replaced male CEOs and 89 women replaced outgoing female CEOs. Men replaced female CEOs at 114 companies, and men replaced other men at the remaining 805 companies. Women in the government and nonprofit sector made up the largest number of incoming CEOs at 52 percent. 

Challenger’s research looked at U.S.-based companies with 10 or more employees that have been in business for at least two years.

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