Report finds just 6.6% of local CEOs are women

The D&B Israel survey, which examined 1,400 companies of different sectors in Israel, revealed that only 2.5% of all chairmen were women.

iris stark 88 298 (photo credit: )
iris stark 88 298
(photo credit: )
Women make up 46 percent of the working population but only 6.6% of the chief executive officers leading Israel's major companies are female, a survey conducted by Dun & Bradstreet Israel found. "The low rate of women in the elite of the Israeli economy is a poor showing for the economy," said Reuven Covent, CEO of D&B Israel. "One of the reasons for the minor showing of women ... is the existing preference for managers coming out of the Israel Defense Forces. Another reason is the lack of government incentives for working women." The D&B Israel survey, which examined 1,400 companies of different sectors in Israel, revealed that only 2.5% of all chairmen were women. Among the most prominent are Iris Stark, chairwoman of the Port of Ashdod and Noga Keinan, chairwoman of the CFO Forum and Galia Maor of Bank Leumi. Examining the next level down of seniority positions in Israeli companies, D&B Israel found that only 11.8% of all vice-presidents in the companies were women. Of all the senior positions in the leading companies, only 14% were held by women. Bank Leumi was praised as one of the leading companies with a successful balance of women at all management levels from the CEO Maor to her deputy Rakefet Russak-Aminoach. Another company par excellence, according to the survey, was Manpower, which features a number of women in management positions including Manpower Israel chairwoman Dalia Narkiss, who was recently promoted to a senior position at Manpower Europe, and Orna Segal, the CEO and vice-president of marketing Shulamit Gilan. Sector by sector analysis showed that women were strongly represented in management of human resources at a rate of 45% but not one woman was found among the senior technical managers in the country's leading companies. Among operational managers, 7% were women; among logistics managers 10% were represented by women; and among managers in the financial sector, 14% were women. Of all the sales and marketing managers. 17% were female. Economists at D&B Israel noted that among the Internet suppliers there was a remarkable representation of female executives from 012 Golden Lines CEO Stella Hendler to Ravit Barniv, CEO of Netvision.