80% of companies yet to appoint a female CEO, research finds
IT, finance and industrial businesses accounted for 53% of the companies that had appointed a female CEO.
Four in five (80%) of FTSE 100 and S&P 100 companies have never appointed a female chief executive (CEO), research from Women in Work found.
The Women in Work Glass Ceiling Tracker 2026 reviewed female chief executive appointments among current members of the two indexes.
38 companies across both indexes had appointed a female CEO.
A total of 39 women had taken the role, with half of the appointments taking place during the past decade.
The report linked the rise to increased FTSE 100 CEO turnover after the pandemic and boards using succession cycles to appoint women.
IT, finance and industrial businesses accounted for 53% of the companies that had appointed a female CEO.
Mariella Frostrup, co-founder of Women in Work, said: “Our inaugural Glass Ceiling Tracker shines a light on what is holding back progress for women in the top job.
“The problem has very clearly never been a shortage of brilliant and capable women.
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“It’s about who gets considered when the most important decisions about succession are made.”
Frostrup added: “That’s exactly why we’ve launched the Tracker. We want to identify where the cracks are appearing and understand what it takes to widen them, so that one woman breaking through can create a pathway for those who come next.
“We’re encouraged to see that progress is gathering pace, and organisations are starting to recognise that succession is where the opportunity lies to turn a first crack in the ceiling into lasting change for generations of women to come.
“These are exactly the conversations we’ll be continuing at the Women in Work Summit this October, bringing businesses and leaders together to look at what needs to change and how we keep that progress moving.”
Pavita Cooper, UK chair of the 30% Club, said: “There is something really important in seeing a company appoint its second female CEO.
“The first breaks the mould, but the second tells us that something has genuinely shifted in how that business thinks about leadership.
“We want many more to follow. This Tracker is about holding a mirror up to progress, celebrating the businesses changing the pattern and pushing those that haven’t even made that first appointment yet.”
Cooper added: “Because ultimately, progress isn’t one woman getting through the door. It’s making sure that door stays open for the women coming behind her.”