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Why are there still so few women CEOs?

Poor succession planning and shareholder pressures have contributed to faltering growth in representation

The latter half of 2025 saw some of the UK’s most prominent female chief executives exit their roles. Diageo’s Debra Crew, GSK’s Emma Walmsley and Severn Trent’s Liv Garfield all announced they would be leaving. Each was replaced by a man.

While women have stepped into other top jobs — Zoë Yujnovich has taken over at National Grid, while BP appointed Meg O’Neill — the recent departures are reviving questions about why they still remain so scarce at the very top of UK corporate life.

The latest FTSE Women Leaders Review report showed that in the past five years there had been little movement in the number of female CEOs in the FTSE 100. The count increased from eight roles in 2021 to nine in 2025. There were 10 women CEOs in 2023.

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