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Execution doesn't get you promoted. Vision, ideas, and results delivery does.
Do you interact with those who would be able to promote you? Do you express your desire to be promoted?
Visibility with leaders matters with promotions. I learnt the hard way.
Of course, if you're in a (usually big) company with great career progression programs promotions can be measurable. Some companies have quotas promoting employees because it really impacts their operational numbers...