Philadelphia has added more women in leadership positions at top public companies, according to an annual report from the Forum of Executive Women., a collaboration between the Forum and accounting firm PwC, has been issued for 22 years, tracking the percentages of female directors, executives, and top earners at the region’s top 100 public companies by revenue, as listed in the Philadelphia Business Journal’s.
The number of companies with zero women on their boards has decreased every year from 2014 to 2021. In 2022, only four of the top 100 companies didn’t have any women on their boards, compared to 35 companies in 2014. “At the current rate of change, we will not reach equality of women in the boardroom for at least another decade,” Crowley said.The number of female CEOs at top companies in the Philadelphia area has risen from one to three in the last year as two women rose to the position: Ellen Cooper, of Lincoln National Corp., and Elizabeth Burr, of Rite Aid Corp.
“It’s disappointing to see women so poorly represented in leadership,” said Meghan Pierce, CEO and president of the Forum, who took on her role a few weeks ago.One notable shift this year: More companies than ever are reporting representation data, Crowley said.