Bank of America CEO: 50-50 chance his successor will be a woman

Bank of America CEO Brian Moynihan said when he’s ready to give up the job, the odds are split on whether his successor will be a woman.

“Absolutely, there’s a 50-50 chance,” he said Friday in an interview on Bloomberg Television at the World Economic Forum in Davos, Switzerland. “We’ve been after diversity and inclusion in our company for a long time. Our management team is basically half women, 40 or 45 percent of the people in our company are managed directly by a woman.”

Moynihan, 58, noted that he’s “pretty young” and has “some room to run” as CEO. While men oversee all of the bank’s biggest businesses, Moynihan said he’s working to ensure that his board has a “very broad” set of candidates to choose from when the moment comes to pick the next chief.

Hit the link below to access the complete Bloomberg News article:

Moynihan Says There’s a ‘50-50 Chance’ Next BofA CEO Is a Woman

Ken Moelis Says It’s Possible That a Woman Can Be the Next CEO of the Investment Bank He Began

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