Promotions during the pandemic get women executives to the top
Even in the midst of the pandemic, companies from various sectors gave promotions, and many executives reached the top echelon.
The Valor Econômico article, "Promotions during the pandemic get women executives to the top," quoted Russell Reynolds Associates Consultant Fernando Machado on promotions during the pandemic. A translated excerpt of the article is below.
The pandemic has given the false impression that professional mobility is not possible during this time. At the beginning of 2021, companies from different industries, such as insurance and social security, consumer goods, financial services and healthcare, have promoted professionals to positions like directors, vice presidents and even presidents, starting a movement to find new skills that are necessary to the business in this time of crisis. For this reason, many women executives are reaching high-level positions.
According to Fernando Machado, a partner and consultant at Russell Reynolds Associates, the pandemic highlighted skills needed for leadership, such as inclusion and innovation, related to the ability to empathize and work in a network and “the need to reinvent ourselves from one hour to the next.” For him, promotions during the pandemic are a positive sign, as they show opportunities for growth and development in companies.
To access the full article in its original Portuguese, click here.