American Express, Office Depot, Pfizer & Walmart Named Top 50 Companies for Executive Women by NAFE
Thursday, March 17, 2011
Julia Monti, The Rosen Group
NAFE Announces Top 50 Companies for Executive Women,
Winners Far Outpacing
Fortune 500 in Advancement of Women
American Express, Kraft,
IBM, Procter & Gamble and Prudential among the NAFE Top 10
New York, N.Y. (March 15, 2011) – The National Association
for Female Executives (NAFE) today reveals the widening gap of women’s
advancement between the Fortune 500 and winners of the annual NAFE Top 50
Companies for Executive Women, announced today.
Nearly three quarters of the NAFE Top Companies have three or more women
on their board of directors versus fewer that one quarter of the Fortune
500. Women are 14 percent of CEOs at the
NAFE Top Companies versus just 2.4 percent, and are 32 percent of top earners versus
7.6 percent of the Fortune 500.
The NAFE Top Companies, an annual benchmark for Corporate
America, recognizes companies whose policies and practices encourage women’s
advancement and whose representation of women at the highest levels of
leadership demonstrates that commitment.
This year marks an important milestone: at the 2011 NAFE Top Companies, women
executives run 23 percent of operations that generate more than $1 billion in
revenue. "Women have long struggled to reach the highest ranks in a
male-dominated business environment, but with the growing profitability of
companies with women in the top ranks, that is changing,” declares Dr. Betty
Spence, NAFE president. "Today, employers reward the skills that women bring
and demand them of men, as well.”
What are the Top Companies doing right? They offer these key
programs and policies:
*Support women’s affinity and
network groups (100%)
*Offer executive coaching and
leadership training to female employees (100%)
*Identify high potential women
formal executive succession planning (98%)
*Have program to identify and
resolve wage gap grievances (96%)
mentoring programs that specifically target women (94%)
manager training on implementing flexible work arrangements (92%)
In addition to the Top Companies, NAFE today names the 2011
Top 10 Non Profit Companies for Executive women. These include nine hospitals and healthcare
systems and the March of Dimes Foundation. The Top Non Profits outpace even the
NAFE Top 50 in representation of women and top earners with 80 percent female
employees and 65 percent female top earners.
"The NAFE Top 10 Nonprofits exhibit collaborative leadership
cultures and have strong programs to train and support women. They have worked hard to move large numbers
of women into leadership positions to reflect the composition of their employee
base. We are very proud to recognize the
Top Nonprofits,” said Carol Evans,
CEO of NAFE, a division of international media company Bonnier.
NAFE will honor each of the Top Companies at a gala luncheon
at Cipriani 42nd Street
in New York City,
on March 30. Prior to the luncheon, senior
women executives who have profit and loss responsibilities at the NAFE Top
Companies will meet at the closed door NAFE Roundtable to discuss critical
business issues. A report will be
published in NAFE magazine.
The 2011 NAFE Top 50 Companies for Executive Women are
(in alphabetical order):
**Denotes a NAFE Top Ten winner
**Abbott – Abbott Park, Ill.
Accenture – New
Aetna – Hartford,
Allstate Insurance Company – Northbrook, Ill.
American Electric Power – Columbus, Ohio
Company – New York, N.Y.
AOL Inc. – New York,
AstraZeneca – Wilmington,
AT&T – Dallas,
**Bank of America – Charlotte, N.C.
Boehringer Ingelheim Pharmaceutical USA – Ridgefield,
Bristol-Myers Squibb – New
Cisco – San Jose,
Citi – New York,
Colgate-Palmolive Company – New York, N.Y.
DuPont – Wilmington,
Eli Lilly and Company – Indianapolis, Ind.
Fleishman-Hillard Inc. – St. Louis, Mo.
**General Mills –
HCA Virginia Health –
HSBC North America –. Mettawa, Ill.
**IBM – Armonk, N.Y.
Intel – Santa Clara, Calif.
Johnson & Johnson – New Brunswick, N.J.
**KPMG – New York, NY
**Kraft – Northfield, Ill.
Macy's – New York,
International Inc. – Bethesda,
McDonald's Corporation – Oak Brook, Ill.
McKinsey & Company – New York, N.Y.
Merck – Whitehouse
MetLife Inc. – New
New York Life Insurance Co. – New York, N.Y.
New York Times Company – New York, N.Y.
Northern Trust – Chicago,
Office Depot – Delray
Pfizer Inc – New
Pillsbury Winthrop Shaw Pittman – New York, NY
PNC Financial Services Group – Pittsburgh, Pa.
Principal Financial Group – Des Moines, Iowa
Gamble Company – Cincinnati,
Financial Inc. – Newark,
Sodexo – Gaithersburg, Md.
State Farm – Bloomington,
Texas Instruments – Dallas, Texas
Verizon Communications Inc. – New York, N.Y.
Wal-Mart Stores, Inc. – Bentonville, Ark.
WellPoint, Inc. – Indianapolis,
Wyndham Worldwide – Parsippany-Troy Hills, New Jersey
Xerox Corporation – Norwalk,
The 2011 NAFE Top 10
Nonprofits for Executive Women are (in alphabetical order):
Bon Secours Richmond
Health System – Richmond,
March of Dimes
Foundation – White Plains,
Mercy Health System – Janesville, Wis.
MidMichigan Health – Midland, Mich.
Center – Tampa, Fla.
Northwestern Memorial HealthCare – Chicago, Ill.
TriHealth, A Partnership of Bethesda and Good Samaritan – Cincinnati, Ohio
VCU Health System – Richmond, Va.
WellStar Health System – Marietta, Ga.
Yale-New Haven Hospital
– New Haven, Conn.
2011 NAFE Top Companies application includes 225 questions on such topics as
female representation, hiring, attrition and promotion rates; access and usage
of key retention and advancement programs such as mentoring, executive
coaching, networking and sponsorship; company culture; and manager training and
accountability. The application draws particular attention to the number of
women at the highest ranks and those with profit-and-loss responsibility. To be
considered for the NAFE Top Companies for Executive Women, companies must have
a minimum of two women on their board of directors as well as at least 500
employees in the U.S.
The National Association for
Female Executives (NAFE), founded in 1972, serves 20,000 members nationwide
with networking, tools and solutions to strengthen and grow their careers and
businesses. NAFE magazine publishes
the annual Top Companies issue and the annual Women of Excellence issue. NAFE.com provides up-to-date information,
community for women in business and access to member benefits. NAFE is a
division of Working Mother Media and Bonnier Corporation.
About Bonnier Corp.
Bonnier Corp. (www.bonniercorp.com)
is one of the largest consumer-publishing groups in America and is the leading
media company serving passionate, highly engaged audiences, through 50
special-interest magazines and related multimedia projects and events. Bonnier
Corp. is the U.S. division
of the Bonnier Group (www.bonnier.com), a
200-year-old, family-owned media group based in Sweden with business operations in