Jessica Fino 7 Feb 2019 09:56am

More ‘Steves’ are FTSE 100 CEOs than ethnic minorities

There are more chief executives called Steve among the UK’s 100 biggest companies than leaders from ethnic minority backgrounds

There are currently six CEOs called Steve heading the FTSE 100 companies, but only five ethnic minority CEOs.

According to research by INvolve, an organisation that champions diversity and inclusion in business, there are as many CEOs named Andrew among FTSE 250 companies as ethnic minority leaders, with 11 of each.

The five ethnic minority CEOs in the FTSE 100 are Octavio Ortega Alvidrez, of Fresnillo, Arnold Wayne Donald, of Carnival, Rakesh Kapoor, of Reckitt Benckiser, Prasanth Manghat, of NMC and Ivan Manuel Menezes, of Diageo.

INvolve said that only 3% of the most powerful 1,000 people in Britain are from ethnic minorities, and 51 of the FTSE 100 companies have no ethnic minority board members.

Moreover, there are only seven female CEOs in the FTSE 100 and in the FTSE 250, the same amount as last year.

Suki Sandhu, founder and CEO of INvolve said, “Whilst we can’t just inject diversity into every level of the business world overnight, we must work harder to celebrate diverse role models and advocates and provide a platform for those making real change. We believe that those who have achieved personal success have a responsibility to inspire the next generation of leaders.”

Claudine Adeyemi, associate at Mishcon de Reya and founder & CEO of Career Ear, was named an ethnic minority future leader last year.

She said the research showed that organisations must do a lot more to create diverse workplaces, as “ensuring we have diversity at the top of business, provides others with role models to inspire those who are starting out in their career”.