Economy and talent drought may force widespread diversity
Surprise, surprise: Leaders of international executive search firm Epsen Fuller have noticed severe deficits in diversity at the executive level. And they know of what they speak: The firm is the U.S. member of IMD International Search and Consulting, the 14th largest executive search firm network in the world. The firm’s own research reveals that only 10 percent of Fortune 500 CEOs are women. Among the chief financial officers — a pool for CEO talent — women represent a measly 10 percent in Fortune 1,000 companies. And when it comes to minorities in the top ranks, the numbers dilute even more: Only four percent of minorities are in executive positions.
However Thomas Fuller, director of the Americas and general managing partner at Epsen Fuller/IMD, says that might end in the near future — not necessarily for the right reasons, but because necessity is the mother of, er, integration. He says companies are already asking for a more diverse slate of candidates as the baby boomer generation gears for retirement; the trend will continue, he predicts, eventually giving firms little choice but to consider minorities and women for senior positions.



