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It's illogical to keep you in a lower role if you're truly qualified to be the manager and could therefore train a new hire to backfill you. Sorry, I'm just not in the "you're too valuable" camp. I think there's more to the story.
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Logic often has little to do with it. I've seen and experienced too often where they will hire someone from outside with no knowledge rather than the person who has the knowledge but can't be spared from the current job, at least in their minds. That's why so often to move up one must change jobs completely. Go outside the current company. Because just like your current company is hiring from outside for managers, other companies are too.
It happens ALOT in the private sector these days . More than people think. Employers are more comfortable hiring from outside rather than promote someone who is already there that is of high value to the company and are afraid of losing their contribution. Or they will hire some buffoon from another department to come in and they have absolutely no clue on how to handle the responsibilities and they rely on the person who SHOULD Have gotten the job to do show them everything.
Its unfair and ridiculous and what these idiot employers don't realize is when you do that to your best guys, they only become more disgruntled, put in less effort (because they know it won't pay off), and end up looking elsewhere sooner or later or else just become clock punchers. . You're better off putting the person who already knows the responsibilities into that position or else you just run the risk of LOSING them. Which is completely stupid on an employer's part.
ANy hiring manager who doesn't promote the best applicant possible should be fired. PERIOD!!! No good (more times than not) comes of putting completely unqualified idiots in positions of power while those who already can do the job are overlooked.
If I owned a company and realized some idiot hiring manager was doing this (hiring their buddies, not hiring the best candidate possible) they wouldn't be around long.
Because now the company has two problems on its hands:
1. A blithering know nothing idiot running things ( We know how that turns out and the damage that does)
2. Low morale amongst your best workers because they know merit doesn't exist.