JPMorgan's Dimon sees another decade before wave of female CEOs

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Jamie Dimon doesn’t see the gender imbalance at the top of corporate America getting fixed soon.

It will probably take 10 or 15 years before a wave of female chief executive officers meaningfully improves the ratio, JPMorgan Chase's Chairman and CEO said at a New York Times event focused on female leadership.

There are 25 female CEOs running S&P 500 companies, according to Catalyst, a nonprofit that advocates for women in the workplace. The number will go down to 24 when Indra Nooyi leaves her position at PepsiCo Inc., taking the ratio below 5%.

Dimon said it will likely take at least another decade for women to make up 10% to 15% of CEOs.

Dimon highlighted the progress his bank has made on promoting women, noting that “a lot” of the candidates to be his successor are female.

Still, he acknowledged that it’s a “big issue” that just 30% of the firm’s vice presidents are women, and said he’s looking to add another woman to the bank’s board, where 10 of the 12 members are men.

Bloomberg News