Why are there so few women in the CEO seat?&nbsp; We know that diverse C-Suites are more resilient, innovative, and drive better financial performance. But<a href="https://www.russellreynolds.com/en/insights/reports-surveys/global-ceo-turnover-index" rel="noopener noreferrer" target="_blank"> in 2023, women accounted for only 12% of CEO appointments globally</a>. Based on the current rate of progress, public companies are 81 years from gender parity in CEO appointments.&nbsp; Change needs to happen—and fast. So, how do you best develop high-potential women leaders? What does an optimal CEO succession plan within an organization need to look like to support the movement of women into the top seat? And, what can you do to retain women CEOs?&nbsp; In this episode of Leadership Lounge, we talk to some of our trusted leadership advisors—<a href="https://www.russellreynolds.com/en/people/consultant-directory/margot-mcshane" rel="noopener noreferrer" target="_blank">Margot McShane</a>, <a href="https://www.russellreynolds.com/en/people/consultant-directory/hetty-pye" rel="noopener noreferrer" target="_blank">Hetty Pye</a>, and <a href="https://www.russellreynolds.com/en/people/consultant-directory/shannon-knott" rel="noopener noreferrer" target="_blank">Shannon Knott</a>—who share their perspectives on how to help close the gender gap. We also discuss <a href="https://www.russellreynolds.com/en/capabilities/leadership-performance/rra-artemis" rel="noopener noreferrer" target="_blank">RRA Artemis</a>, our brand-new CEO accelerator program aimed at expediting more women to the top of organizations. &nbsp; Tune in to discover the importance of switching your succession planning from an opt-out to an opt-in approach, why assessing for potential rather than experience is critical when identifying future CEOs, and why organizations need to rethink the traditional route to the top seat.&nbsp;

Why are there so few women in the CEO seat?

Redefiners

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Call them changemakers. Call them rule breakers. We call them Redefiners. And in this provocative podcast, we explore how daring leaders from across industries and around the globe are redefining their organizations—and themselves—to create extraordinary impact in today’s rapidly changing world.In each episode, Russell Reynolds Associates Leadership Advisor Hoda Tahoun and former CEO Clarke Murphy host engaging, purposeful conversations with leaders in and out of the business world who share their insights and perspectives on how they lead, boldly. You’ll come away with fresh ideas and tangible takeaways on how you can redefine your own leadership trajectory – no matter where you are on your journey.&nbsp; &nbsp; Our Hosts:Clarke Murphy&nbsp; Clarke Murphy is the former Chief Executive Officer of Russell Reynolds Associates and serves on the Board of Directors. Prior to his appointment as CEO, he was the Global Leader of the firm's CEO/Board Services Practice.​ While at Russell Reynolds Associate​s, Clarke has conducted a number of significant projects in the industry, including Fortune 100 board searches and CEO successions. In addition, he has led notable searches in​​ the private equity industry including searches ​for the Carlyle Group and Warburg Pincus. Hoda TahounAs a leadership advisor and leader of the global Leisure &amp; Hospitality Practice at RRA, Hoda Tahoun identifies, assesses, and develops dynamic C-suite leaders for global hospitality, travel, and leisure companies. Based in Miami, Hoda helps clients solve their most pressing leadership issues at the CEO, C-suite, and other executive-levels. She also advises clients on customer-centric, go-to-market leadership roles such as chief marketing officers and chief experience officers. Hoda is committed to reshaping the hospitality and leisure landscape to ensure it is an industry that leads with purpose, value, and wellbeing and continues to attract and retain talent across all facets of diversity. Hoda spent more than seven years working for a boutique executive search firm, rising to the title of principal where she worked closely with hotel management companies, cruise lines and private equity firms. Previously, Hoda was an assistant vice president at SHUAA Capital in Dubai where she led the firm’s investment banking efforts. She has also worked at American Express, Bank of America and Citi.