With So Many CEO Exits, It’s Time To Tap A Diversity Officer To Lead


With So Many CEO Exits, It’s Time To Tap A Diversity Officer To Lead


Having worked in the C-Suite for the past decade, I have seen many CFOs, COOs and CMOs become CEOs.

But I’ve never seen a chief diversity officer (CDO) step into that role.

I used to joke that the difference between being a CEO and CDO was only one letter. Yet after learning the numbers, I realized that the gap is much wider, and the problem much deeper.

In this fiscal quarter alone, Starbucks, Outback, Red Lobster, Nike, Boeing and Expedia each have new leaders in the top seat. CEO exits are up 50% from the same period last year...

...It’s time we empower a CDO with the opportunity to be a CEO of a Fortune 5000 company. Executives like Corey, and so many others, have earned it. In many cases, they’ve worked twice as hard to secure the position they’re in today. And that work ethic is a quality that every company should want in their top spot.
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- - Volume: 24 - WEEK: 40 Date: 9/30/2024 9:44:43 AM -