Women are 32% more likely to serve as company president before becoming CEO, according to a new report.

Forbes
By Emma Hinchliffe, Nina Ajemian
June 9, 2025

Path to the top. On their way to top-tier CEO positions, women often take an extra step, according to a new analysis by the Eos Foundation.

Across the S&P 500, women CEOs were 32% more likely to spend time in a role as president before being named chief executive. Citi chief Jane Fraser, Clorox CEO Linda Rendle, ADP chief Maria Black, and Otis chief Judith Marks are just a few of the women who made stops as presidents on their way to the very top.

Men, more often, skipped that step and went straight from leading a business unit to becoming CEO. Twenty-nine percent of male CEOs went from a business division job, while only 23% of female CEOs did (Accenture CEO Julie Sweet and Expedia CEO Ariane Gorin are two among them).

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