VF Corporation Joins Paradigm for Parity Coalition; Targets Gender Parity in Leadership Positions by 2030
December 19 2016 - 8:00AM
Business Wire
VF Joins 26 Other Companies in Committing to a
Unique Action Plan to Achieve Gender Parity
VF Corporation (NYSE: VFC), in partnership with the Paradigm for
Parity coalition, today announced its commitment to achieving
gender parity throughout its corporate leadership structure by
2030.
“At VF, we believe that having a diverse global workforce is a
business imperative,” said Eric Wiseman, VF’s Chairman and CEO. “We
take very deliberate actions to foster a culture that emphasizes
and leverages equality and inclusion across our organization. We
are proud to work with Paradigm for Parity to strengthen and
advance our existing efforts.”
VF today employs a number of programs and policies that seek to
empower women in the workplace, including employee resource groups
and formal mentorships. As a Paradigm for Parity partner, VF will
complement these actions by committing to, among other things:
- Eliminate or minimize unconscious bias
in the workplace;
- Increase the number of women in senior
operating roles, with the near-term goal of at least 30 percent
representation in all leadership groups;
- Measure progress and maintain
accountability by providing regular progress reports; and,
- Provide sponsors, not just mentors, to
women to position them for long-term success.
“Our experience has proven that the most creative and innovative
ideas come from diverse teams that understand how to effectively
leverage the individual strengths, perspectives and experiences of
each member to reach a common goal,” said Steve Rendle, VF’s
President and Chief Operating Officer, who will become CEO of the
company on Jan. 1, 2017. “Our commitment to gender parity and
workplace equality is unwavering, and it will help to fuel our
future growth ambitions and enable us to continue to win in a
highly competitive, global marketplace.”
In addition to VF, companies that have committed to follow the
Paradigm for Parity Action Plan include: Accenture, Adecco,
American Electric Power, APCO Worldwide, AstraZeneca, Bank of
America, Cargill, The Coca-Cola Company, DSC Logistics, Edison
International, Egon Zehnder, Farient Advisors, Frontier
Communications, HealthHelp, Huffington Post, Linkage, LinkedIn,
McKinsey, MetricStream, NeoGenomics Clinical Laboratories, Newmont
Mining Corporation, Nordstrom, SAP, Spencer Stuart,
TDIndustries and VOYA.
Learn more about VF’s commitment to diversity and inclusion.
Learn more about the Paradigm for Parity coalition and become a
part of the movement.
About VF
VF Corporation (NYSE: VFC) is a global leader in the design,
manufacture, marketing and distribution of branded lifestyle
apparel, footwear and accessories. The company’s diversified
portfolio of powerful brands spans numerous geographies, product
categories, consumer demographics and sales channels, giving VF a
unique industry position and the ability to create sustainable,
long-term growth for customers and shareholders. The company’s
largest brands are The North Face®, Vans®, Timberland®,
Wrangler® and Lee®. For more information,
visit www.vfc.com.
About the Paradigm for Parity℠ Movement
The Paradigm for Parity℠ coalition is comprised of CEOs, senior
executives, founders, board members and business academics who are
committed to achieving a new norm in corporate leadership: one in
which women and men have equal power, status, and opportunity.
The coalition created the Paradigm for Parity℠ 5-Point Action
Plan for corporations to accelerate the pace of gender equity in
senior executive roles. This unique agenda defines bold and
specific actions that, taken together and simultaneously
implemented as a package, will catalyze change and enable today’s
business executives to secure the best leaders of tomorrow. Visit
www.paradigm4parity.com or follow us on Twitter using @p4parity to
learn more about this exciting initiative.
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version on businesswire.com: http://www.businesswire.com/news/home/20161219005110/en/
VF CorporationCraig Hodges, 336-424-5636Senior Director,
Corporate Communications
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