On Monday, PepsiCo leader Indra Nooyi announced that she is stepping down from her role as CEO of the company after 12 years at the helm.

During her tenure, Nooyi transformed the PepsiCo from a sugary soda company into one that included a line-up of healthful products. Some say with mixed results, but you can't argue with the numbers—annual revenue for the giant grew 81% under her watch.

Yet the news of Nooyi's departure is distressing on a broader level. She is among a string of high-profile women who have recently left the ranks of S&P 500 C-Suite. Campbell Soup Co.'s CEO, Denise Morrison; Irene Rosenfelt, CEO of Mondelez International; Joanna Coles, chief content officer of Hearst; and Meg Whitman, Hewlett Packard Enterprise's CEO, have all left their roles in the upper echelon of their companies.

In each instance, their successor has been a male. This is particularly troubling when you consider that only 4.8% of S&P CEOs are women, and these departures will push that share down even further.

In some respects, the move toward equality and inclusion is making headway. Institutional investors have put considerable pressure on these firms and there's an increased emphasis on bringing more women onto their boards.

That's not the case, however, among public companies. It's time for these investors—and their boards—to press for more women in the CEO succession queue.

Job Listings

SPONSORED JOB
USAA Real Estate
Director/Sr. Director, Real Estate Valuations
(SAN ANTONIO) Position will oversee the recurring valuation of a diversified portfolio of institutional commercial and residential properties across USAA Real Estate Company's (USAA RealCo) open-end, commingled, programs.

SPONSORED JOB
GOLDMAN SACHS
US Real Estate – VP, Asset Management
(DALLAS) Primary responsibilities include managing a portfolio of 5 to 15 assets (core to value-add risk profiles) which includes business plan preparation and presentation, developing monthly cash flow projections, monthly and/or quarterly reporting, oversight of third party service providers, capital plan oversight, business plan execution, and ultimate disposition of real estate assets.

MLA PROPERTIES
Accounting Manager
(NEW YORK) Duties include: preparing consolidation of several properties from information maintained by third-party property managers of commercial and residential properties; recording opening entries for new acquisitions; and maintaining books and records for all investors.

COMMUNITY REALTY COMPANY, INC.
Community Manager, Washington DC
(WASHINGTON, DC) Primary responsibilities include: overseeing operations of the community to ensure performance at or above annual budget; budget preparation; and developing strategies to maximize profitability and minimize loss in operations.

N3 REAL ESTATE
Real Estate Associate
(SOUTHLAKE, TX) Duties include: evaluating markets, identifying land and trade areas for new retail development on behalf of N3 and clients based on appropriate land values; working with with land brokers in various markets to source economical land in a timely manner; and researching demographics, new residential development and employment patterns and client site criteria.

WESTSIDE FUTURE FUND
Vice President, Real Estate Development
(ATLANTA) Position will manage WFF's real estate development team, reporting directly to the Executive Vice President, Real Estate. Position will participate in preparing and presenting opportunities and project status reports to the Real Estate Committee of the WFF Board, and the Investment Committee of the Fund.

ROCKEFELLER GROUP
Associate Project Manager
(NEW YORK) Role will manage small-scale projects and specific project tasks throughout the real estate development lifecycle; and work collaboratively with the Rockefeller Group team, consultants, contractors, tenants, clients, etc. to deliver projects on time and within budget.

METLIFE REAL ESTATE INVESTMENTS
Associate Director, Agricultural Investments
(OVERLAND PARK, KS) Senior Relationship Management position will be part of a national agri-business team responsible for the origination and servicing of mortgage loans in the food and agri-business sector across the continental United States.

TRIMONT REAL ESTATE ADVISORS
Director, Underwriting and Due Diligence
(DALLAS) Director will lead comprehensive and portfolio level assignments including secondary market portfolio acquisitions (b-piece, non-distressed loan pools, etc) with limited supervision from senior team members; participate in managing client relationships with limited oversight from Client Lead and/or Business Unit Head; and provide employee management for team of individuals.

CONTINENTAL PROPERTIES
Market Research Analyst
(MENOMONEE FALLS, WI) Position will work closely with the multifamily, retail, and hospitality development teams to facilitate a wide variety of activities associated with commercial real estate market research. The position will have the opportunity to use industry-leading research tools to generate actionable insights leading to new real estate development projects.

Instant Insights /

The CEO Landscape: Diversity in Reverse

Related Stories

Recommended For You