Microsoft in search for Satya Nadela's successor
By MYBRANDBOOK
In an SEC filing this week, Microsoft confirmed that women and minority candidates are being considered as Satya Nadela’s successor.
In its annual proxy statement, which was first spotted by a news channel, Microsoft confirmed the statement and said, its board of directors “is committed to actively seeking highly qualified women and individuals from minority groups to include in the pool of potential CEO candidates.”
The statement does not indicate that Nadella is on his way out imminently; companies typically include statements in annual regulatory filings about CEO succession, but rarely do they include promises about diversity.
In the wake of the George Floyd protests over the summer, Microsoft pledged to double the number of Black managers and senior leaders in the U.S. by 2025-though that effort is under scrutiny from the Justice Department.
According to its 2019 diversity report, women constitute 29.2% of Microsoft’s workforce, Black employees 4.4%, Latinx 6.2% and Asian 33.3%.
America has for years faced criticism, for the lack of diversity in corporate America. According to a local newspaper report, there are 32 women leading S&P 500 companies and only 11% of S&P 500 CEOs are ethnic minorities.
Advocates point to a multitude of reasons why, including a failure to train and keep minority talent for executive roles and a tendency to put women and underrepresented groups in charge of marketing or human resources, which don’t typically serve as springboards to CEO positions.
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