HEXO Ranks on The Globe and Mail’s Fourth-Annual Women Lead Here Benchmark of Executive Gender Diversity
March 24 2023 - 9:15AM
Business Wire
HEXO Corp. (TSX: HEXO; NASDAQ: HEXO) ("HEXO" or the “Company"),
is pleased to announce it has been included on The Globe and Mail’s
2023 Report on Business magazine’s Women Lead Here list. This
annual editorial benchmark identifies top-notch Canadian businesses
with the highest executive gender diversity.
“We are honoured that The Globe and Mail has recognized our
continued efforts towards gender diversity and parity,” says Mona
Matta, Vice-President, People and Culture of HEXO. “Over the last
few years, we have established ourselves as a leader in the
cannabis industry, and this would not have been possible without
the strong contributions of all the talented women at HEXO. As a
company, we take a gender-centric approach to all aspects of our
operations and remain steadfast in our commitment to fostering a
culture that embraces people, values individuality, and optimizes
the employee experience for all genders.”
This benchmark was established in 2020 by Report on Business
magazine and applies a proprietary research methodology to
determine Canadian corporations with the highest degree of gender
diversity among executive ranks. The ranking companies have made
tangible and organizational progress related to executive gender
parity.
“Recognizing businesses that are successfully tackling issues
around executive gender parity is a crucial step in moving the
dial,” says Dawn Calleja, Editor of Report on Business magazine.
“While more work is needed across the board, the companies
highlighted in this list are examples to others in corporate Canada
looking to move toward gender parity and, ultimately, build better
businesses.”
For the 2023 ranking, Report on Business conducted a
journalistic analysis of approximately 500 large publicly-traded
Canadian companies based on revenue, evaluating the ratio of
female-identifying to male-identifying executives in the top three
tiers of executive leadership. The resultant data was applied to a
weighted formula that also factored in company performance,
diversity and year-to-year change.
In total, 90 companies earned the 2023 Women Lead Here seal,
with a combined average of 46% of executive roles held by
female-identifying individuals.
The 2023 Women Lead Here list is in the April 2023 issue of
Report on Business magazine, distributed with The Globe and Mail on
Saturday March 25, 2023 and online at tgam.ca/WomenLeadHere.
About The Globe and Mail The Globe and Mail is
Canada’s foremost news media company, leading the national
discussion and causing policy change through brave and independent
journalism since 1844. With our award-winning coverage of business,
politics and national affairs, The Globe and Mail newspaper reaches
6.1 million readers every week in our print or digital formats, and
Report on Business magazine reaches 2.5 million readers in print
and digital every issue. Our investment in innovative data science
means that as the world continues to change, so does The Globe. The
Globe and Mail is owned by Woodbridge, the investment arm of the
Thomson family.
About HEXO Corp. HEXO is an award-winning licensed
producer of premium products for the global cannabis market. HEXO
delivers a thoughtfully curated portfolio of both recreational and
therapeutic cannabis products that inspire customer loyalty. HEXO’s
brands include HEXO, Redecan, Original Stash, Bake Sale and T 2.0,
as well as medical cannabis products.
HEXO’s world-class Canadian grow sites are unmatched in size,
technological advantage and yield of high-quality cannabis, driving
innovation through every step of the process. HEXO operates three
major grow sites in Ontario and Québec, including one of the
largest facilities in North America. HEXO Corp. is a publicly
traded company under the tickers (TSX: HEXO) and (NASDAQ:HEXO).
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& Partners hayley.suchanek@kaiserpartners.com
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