UNION, N.J., Oct. 30, 2019 /PRNewswire/ -- Bed Bath &
Beyond Inc. (Nasdaq: BBBY) has received Executive Women of
New Jersey's (EWNJ) 2019 Corporate
Board Gender Diversity Award in recognition of the Company's
impactful level of gender inclusion by having three or more women
on its Board of Directors. The Award was presented at EWNJ's
biennial A Seat at the Table Corporate Gender Diversity Awards
Breakfast held Oct. 28, 2019 at
the APA Hotel Woodbridge in Iselin,
NJ.
EWNJ recognized Bed Bath & Beyond and 29 other companies for
making the EWNJ Honor Roll, a list of New
Jersey public companies that have three or more women on
their board of directors. This list is part of the organization's
efforts to ensure that women have equal access to the boardroom and
high-level executive leadership. The event also featured the
exclusive release of EWNJ's report on the number of women serving
on boards and in the top leadership of public companies in
New Jersey. The report, produced
in collaboration with PricewaterhouseCoopers (PwC), is the only one
of its kind in the state.
Patrick R. Gaston, Bed Bath &
Beyond's Chairman of the Board, said "We have significantly
transformed the Bed Bath & Beyond Board with the appointment of
10 new independent directors over the past six months. The newly
transformed Board, which includes seven female directors, brings
rich diversity of perspectives, backgrounds, ages, gender, race and
ethnicity and reflects the diversity of the Company's loyal
customers and dedicated associates."
"EWNJ is thrilled to present this year's list of the 30
companies that are leading the way on women's representation in
senior governance as part of our fourth report on gender diversity
in New Jersey," stated
Barbara E. Kauffman, President of
EWNJ and EVP & COO of Newark Regional Business Partnership.
"This year, we have the highest number of Honor Roll companies to
date and it shows that while there is still much more work to be
done, our efforts are working. The undeniable impact of women's
leadership is being more fully recognized by the private sector in
New Jersey. We salute all of our
Honor Roll companies and look forward to partnering with them as we
continue in pursuit of our mission to increase the number of women
on corporate boards and in senior governance."
"This year's list reflects the progress companies have made
since 2017 when our last list was published with 22 companies,"
added Anna María Tejada, Esq., President Elect of EWNJ, Co-Chair of
A Seat at the Table, and Partner at Kaufman Dolowich & Voluck,
LLP. "We applaud these companies' progress toward inclusion and
diversity, and as quantified in EWNJ's research, New Jersey's business environment is stronger
as a result."
"We are delighted to welcome these companies to our Honor Roll.
While it is encouraging that this year's list has the highest
number of companies since we began publishing it in 2014, the pace
of progress remains woefully slow particularly given the
demonstrable business value that women's leadership delivers both
financially and operationally. There are a significant amount of
companies that still need women in their leadership ranks and
numerous women across the board who still need sponsors," explained
Faith Taylor, EWNJ Board Member,
Co-Chair of A Seat at the Table, and Professor at Feliciano
Business School of Montclair State
University.
About the Company
Bed Bath & Beyond Inc. and subsidiaries (the "Company") is
an omnichannel retailer that is the trusted expert for the home and
heartfelt life events. The Company sells a wide assortment of
domestics merchandise and home furnishings. The Company also
provides a variety of textile products, amenities and other goods
to institutional customers in the hospitality, cruise line,
healthcare and other industries. Additionally, the Company is a
partner in a joint venture which operates retail stores in
Mexico under the name Bed Bath
& Beyond.
About EWNJ
Founded in 1980, EWNJ is the leading
senior-level executive women's organization that is committed to
increasing the number of women serving on corporate boards and in
the top leadership of New Jersey
corporations. To this end, we publish a biennial report on the
number of women on boards and in the senior governance of public
companies in New Jersey. This
report is the only one of its kind in the state.
We also host an array of events designed to offer women
executives prime networking opportunities, to amplify our gender
diversity advocacy efforts, and to raise funds for our work
including our Graduate Merit Award Program, which is focused on
establishing a pipeline of women leaders. As the largest provider
of scholarships to women who are non-traditional graduate students
in New Jersey, we are proud to
have awarded over $1.3 million
dollars to deserving candidates over the last 30 years.
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SOURCE Bed Bath & Beyond Inc.