Working Mother Media revealed the 2020+ Top Companies for Executive Women today, acknowledging those that champion women’s advancement with a focus on succession planning, profit-and-loss role, gender pay parity, support programs and work-life balance.
Others in the apparel/beauty/jewelry sector that made the top 75 were Chico’s, The Estée Lauder Cos., Gap, Inc., Kendra Scott and VF Corp. Unilever has been on the list for two years. Its board of directors has 30 percent women, and 38 percent of women are in P&L positions. Twenty-two percent of women are direct reports to the ceo. The company doesn’t have formal executive succession planning, nor does it train managers to develop and promote women.P&G, which has been on the list for 20 years, has a board with 31 percent women.
“Because what gets measured gets done, our top companies list stresses the number of women in senior positions. Most important, we are the only organization that counts women holding revenue-generating operations positions with profit-and-loss responsibility, as those are the jobs that are the path to the top,” said Betty Spence, president of the National Association for Female Executives . “Companies need to pay attention because that number dropped in the past year, even pre-COVID-19.