Working Mother Media Names VF Corporation One of the “Top 75 Companies for Executive Women”
December 02 2020 - 4:30PM
Business Wire
VF Corporation (NYSE: VFC), a global leader in branded lifestyle
apparel, footwear and accessories, has been named one of the 2020+
Top Companies for Executive Women by Working Mother Media (WMM).
WMM continues to explore ways to move more women into top
positions, while highlighting the successes at these trailblazing
companies.
This list is the most definitive list of top workplaces for
women who want to advance through the corporate ranks. It
celebrates companies that champion women’s advancement, with a
focus on succession planning, profit-and-loss role, gender pay
parity, support programs and work-life balance programs.
“It’s an honor to be recognized by WMM as one of the 2020+ Top
Companies for Executive Women. We’ve worked very hard over the past
several years to accelerate our gender parity efforts and are proud
of the progress we’ve made in hiring, retaining and promoting more
women into senior roles across the organization, as well as on our
board of directors,” said Anita Graham, VF’s Executive Vice
President, Chief Human Resources Officer and Public Affairs. “We
are working every day to ensure that our global workforce is as
diverse as the consumers we serve, and we encourage all of our
teams around the world to work with an inclusive mindset, because
our differences are what make us better together.”
“Because what gets measured gets done, our Top Companies list
stresses the number of women in senior positions,” says Betty
Spence, president of the National Association for Female
Executives. “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. Companies need to pay attention because that
number dropped in the past year, even pre-COVID-19.”
Highlights of the 2020+ Top 75 Companies for Executive Women
include:
- The percentage of women corporate executives increased 1
percentage point to 31 versus 30 percent in 2019.
- Female executives responsible for divisions worth more than $1
billion decreased to 30 percent from 38 percent in 2019.
- Forty-three percent of women at the Top 75 Companies are among
the top 20 percent in terms of pay, up from 37 percent in
2019.
- Sixty percent of the Top 75 Companies offer formal sponsorship,
down from 71 percent in 2019.
Methodology
The 2020+ Top 75 Companies application includes more than 200
questions on topics including female representation at all levels,
but especially the corporate officer and profit-and-loss leadership
ranks. The application, based on 2019 data, tracks and examines how
many employees have access to programs and policies that promote
advancement of women and how many employees take advantage of them,
plus how companies train managers to help women advance. To be
considered, companies must have a minimum of two women on their
boards of directors, a US-based CEO and at least 1,000 US
employees.
About VF Corporation
Founded in 1899, VF Corporation is one of the world’s largest
apparel, footwear and accessories companies connecting people to
the lifestyles, activities and experiences they cherish most
through a family of iconic outdoor, active and workwear brands
including Vans®, The North Face®, Timberland® and Dickies®. Our
purpose is to power movements of sustainable and active lifestyles
for the betterment of people and our planet. We connect this
purpose with a relentless drive to succeed to create value for all
stakeholders and use our company as a force for good. For more
information, please visit vfc.com.
About WMM
Working Mother Media (WMM) is a strategic professional services
firm that partners with leading companies to build inclusive talent
strategies by providing the tools needed to maximize the business
benefits of DE&I. With four decades of expertise in what drives
cultures of equity and belonging, powered by a research-based,
data-driven understanding of the employee experience, WMM continues
to champion a more equitable future. To learn more, visit
workingmother.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20201202005872/en/
VF Corporation Contact: Colin Wheeler Senior Director,
Corporate Affairs & Communications Colin_wheeler@vfc.com
WMM Contact: Stefanie McNamara
stefanie.mcnamara@bonniercorp.com
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