Press Mentions

  • Amid Rapid Change, Tech Boardrooms Remain Filled with Men

    San Francisco Chronicle May 28, 2016

    Less than a third of venture capital firms in the United States employ at least one woman to conduct business or participate in investment decisions, according to a Page Mill Publishing study issued last year that underscored a long-standing problem with the VC industry’s diversity.
     
    Babson College’s Diana Project estimated in 2014 that 6 percent of venture capitalists are women, down from 10 percent in 1999.
     
    “The venture community doesn’t include very many women in their ranks, and because of that it gets to be very clubby and it functions like a club that’s not open membership,” said Malli Gero, co-founder and president of 2020 Women On Boards, a nonprofit group that uses grassroots organizing to pressure companies to diversify their boards of directors. “You’re beginning to see more women in venture, just like you’re beginning to see more women on boards, but it’s a very slow process.”

  • West Corp. Appoints Former IBM CIO Jeanette Horan to its Board

    The Wall Street Journal April 26, 2016

    Former International Business Machines Corp. CIO Jeanette Horan has been appointed to the board of directors of communication services provider West Corp.WSTC -0.54%, the company said Tuesday in a corporate filing.
     
    West increased the size of its board to 10 members and officially elected Ms. Horan to the board on April 22. Now, 30% of West’s board members are women. That’s much higher than the 17.9% of total Fortune 1000 board seats filled by women in 2015, according to data collected by the 2020 Women on Boards campaign, an effort to raise gender diversity in Fortune 1000 boards with 20 percent of seats filled by women by 2020.
     
    In general, the boards of smaller companies are less diverse than Fortune 100 companies, where 22.3% of board seats are filled by women, Malli Gero, co-founder and president of 2020 Women on Boards told CIO Journal. “A common theme that we hear all the time is ‘we’d like to put women on our board but we just don’t know any qualified women,” she said.

  • Modine Manufacturing Company Recognized As A Women On Boards Winning Company

    PR Newswire April 25, 2016

    RACINE, Wis., April 25, 2016 /PRNewswire/ -- Modine Manufacturing Company (NYSE: MOD) has been recognized as a 2020 Women on Boards Winning 'W' Company for 2015.  Modine was selected for this recognition because of its commitment to having a diverse Board of Directors, with 20% or more seats held by women.  Modine is one of just 664 companies in the United States to meet the criteria set by the organization.  Modine's diistinguished Board of Directors includes Marsha C. Williams and Christine Y. Yan.  Ms. Williams serves as the Board's Lead Director.
     
    "We are honored to be recognized for the diversity of our Board of Directors," said Tom Burke, Chief Executive Officer.  "Broad diversity, whether of gender, ethnicity, personal and professional experience, background or expertise, allows us to consider varying points of view as we exercise our important responsibiliy on behalf of Modine's shareholders."
     
    Founded in Boston in 2010, 2020 Women on Boards is the national campaign to increase the percentage of women on U.S. company boards to 20% or greater by the year 2020.  2020 WOB is well known for its research on the gender composition of boards of directors.

  • Modine Manufacturing Company recognized as a Women on Boards winning Company

    Automotive World April 25, 2016

    Modine Manufacturing Company (NYSE: MOD) has been recognized as a 2020 Women on Boards Winning ‘W’ Company for 2015. Modine was selected for this recognition because of its commitment to having a diverse Board of Directors, with 20% or more seats held by women. Modine is one of just 664 companies in the United States to meet the criteria set by the organization. Modine’s diistinguished Board of Directors includes Marsha C. Williams and Christine Y. Yan. Ms. Williams serves as the Board’s Lead Director.

    “We are honored to be recognized for the diversity of our Board of Directors,” said Tom Burke, Chief Executive Officer. “Broad diversity, whether of gender, ethnicity, personal and professional experience, background or expertise, allows us to consider varying points of view as we exercise our important responsibiliy on behalf of Modine’s shareholders.”

    Founded in Boston in 2010, 2020 Women on Boards is the national campaign to increase the percentage of women on U.S. company boards to 20% or greater by the year 2020. 2020 WOB is well known for its research on the gender composition of boards of directors.

  • Navient Recognized by 2020 Women on Boards, Receives “W” Company Award for Second Consecutive Year

    EconoTimes Business April 6, 2016

    WILMINGTON, Del., April 06, 2016 -- Navient (Nasdaq:NAVI) has been recognized as a 2020 Women on Boards Winning “W” Company for the second consecutive year. The national award is presented to companies with at least 20 percent women on their board of directors. Navient surpasses gender parity with more than 50 percent women on its board.
     
    Seven of its 13 directors are women. According to the 2020 Women on Boards Gender Diversity Directory, the board has the highest percentage of women of any financial services company.  In addition, Navient has the largest number of women independent directors of any S&P 500 company, according to analysis of S&P 500 companies.
     
    “We are very pleased to honor Navient for its commitment to boardroom diversity,” said Malli Gero, president and co-founder, 2020 Women on Boards. “We look forward to seeing the company on the Winning ‘W’ Company list for years to come.”

  • Concurrent Technologies Corporation Recognized as a Winning "W" Company by 2020 Women on Boards

    EconoTimes Business April 5, 2016

    JOHNSTOWN, Pa., April 5, 2016 -- Concurrent Technologies Corporation (CTC) has recently been recognized as a Winning "W" Company by 2020 Women on Boards. 2020 Women on Boards (2020WOB) is a non-profit grassroots campaign committed to increasing the percentage of women who serve on U.S. company boards to 20% or greater by the year 2020.
     
    CTC's Board of Directors is comprised of ten members, two of whom are women—Margaret DiVirgilio and E. Jeanne Gleason. Other CTC Board Members are Howard M. Picking III, Chairman; Edward J. Sheehan, Jr., Vice Chairman; Albert L. Etheridge, Ph.D.; Robert J. Eyer; Conway B. Jones, Jr.; Dale Mosier; Mark E. Pasquerilla; and John F. Phillips.

    "CTC is honored to be recognized as a Winning "W" Company that understands that good corporate decision-making requires the ability to hear and consider different points of view from people with different backgrounds, experiences, and perspectives," said Edward J. Sheehan, Jr., President & Chief Executive Officer. "We are grateful for the invaluable contributions made by our female board members and colleagues throughout the company."

    CTC is among the 662 companies listed on the 2020WOB Web site as a Winning Company; in total, the Web site lists 1,820 companies in its Gender Diversity Directory. In addition to Winning "W" companies, the directory shows:
    "V" companies that are "very close" to having 20% of women on their board.
    "T" companies that have only one "token" woman on their board.
    "Z" companies that have "zero" women on their board.

  • The Penn Mutual Life Insurance Company Recognized for Boardroom Diversity

    Business Wire March 31, 2016

    HORSHAM, Pa.--(BUSINESS WIRE)--This March, during Women’s History Month, The Penn Mutual Life Insurance Company (Penn Mutual) has a lot to be proud of. The company was recently recognized by 2020 Women on Boards for having 42 percent of its corporate board seats held by women.
     
    The 2020 Women on Boards organization is a national campaign dedicated to increasing the percentage of women on corporate boards to 20 percent by 2020. Penn Mutual received the Winning ‘W’ Company award for well-exceeding that goal. With women representing nearly half the company’s board members, Penn Mutual ranks as one of the top companies on 2020’s list for 2015. Women also make up 40 percent of Penn Mutual’s executive leadership team.
     
    Diversity plays an enormous role at Penn Mutual and is something the company is truly proud of. “We’re extremely honored to receive this recognition. Our country has continued to become more diverse, and we’re proud to be taking the lead, not only in the insurance industry, but across the business world,” says Eileen McDonnell, chairman and CEO of Penn Mutual. “At Penn Mutual, diversity has been at the forefront of our culture. We value different experiences, backgrounds, cultures and ideas to encourage new ways of thinking. This allows us to be stronger at what we do for the people we serve,” McDonnell says.

  • Herman Miller Named 2020 Women on Boards “Winning” Company

    Herman Miller March 30, 2016

    Herman Miller, Inc. has been named a 2020 Women on Boards Winning Company. Companies selected for this recognition are considered champions of board diversity with 20 percent or more of their board seats occupied by women.
     
    Only 12 companies in Michigan were awarded “Winning Company” status. Herman Miller, Kellogg Company, and General Motors top that list with each having over 40 percent of their board comprised of women.
     
    “Herman Miller is built on the belief that every employee brings a valuable perspective to the table, and this culture of inclusiveness extends from the boardroom throughout the company,” said Brian Walker, Herman Miller’s Chief Executive Officer. “We’re very intentional about aligning our leadership with our corporate values, and we firmly believe the diversity in our workforce allows us to better meet the needs of our global customers and create a stronger, more competitive company.”

  • Sanderson Farms Recognized By 2020 Women On Boards

    Perishable News March 9, 2016

    JACKSON, Miss. -- Sanderson Farms, Inc. has been recognized as 2020 Women on Boards Winning “W” Company for the fifth year in a row. Since 2011, when the organization began tracking board diversity, Sanderson Farms has been recognized consecutively for the significant number of women who sit on its board.
     
    Women currently make up 31% of those who have a seat on the Sanderson Farms, Inc. Board. “We are honored to be acknowledged by such a principled organization,” said Joe F. Sanderson, Jr., CEO and Chairman of the Board of Sanderson Farms. “We have so many intelligent, hardworking women in impactful positions at Sanderson Farms. Our success would not be possible without their significant contributions.”
     
    Coincidentally, the presentation of this award coincides with International Women’s Day, which is recognized each year on March 8. Globally, International Women’s Day is dedicated to celebrating the social, economic, cultural and political achievements of women.
     
    2020 Women on Boards is a non-profit grassroots campaign committed to increasing the percentage of women who serve on U.S. company boards to 20% or greater by the year 2020. The organization is committed to educating corporate stakeholders on the importance of board diversity.
     
    “We appreciate Sanderson Farms’ commitment to good corporate governance practices,” said Malli Gero, President of 2020 Women on Boards. “We look forward to seeing them on the ‘W’ list for years to come.”

  • Why Don't More Women Hold Top Jobs in Finance?

    Chicago Tribune February 24, 2016

    Several academic studies conclude that women have better performance -- on both an absolute and a risk-adjusted basis -- than their male counterparts do. (Note that some studies in Europe haven't found a gender performance difference.)
     
    Men also trade more frequently, according to this study from the Haas School of Business at the University of California-Berkeley, and as we all know excessive trading racks up fees that eat away at returns. Another study by a former Goldman Sachs trader reached a similar conclusion and found that "higher levels of testosterone led to more frequent trading and an increased risk of losses."
     
    There are some encouraging signs: According to recent data, women now hold 20 percent of the board seats at the largest companies, up from 15 percent a decade ago.
     
    And there is a strengthening movement to increase female board representation: 20/20 WOB seeks to have females make up of 20 percent of directors of all companies by 2020. Perhaps even more ambitious is girlswhoinvest.org, which aims to have "30% of the world's investable capital managed by women by 2030."
     
    The true, though unsatisfying, answer to my original question is: There are so few women in senior positions in finance because there have always been few women in finance. I know, because I've tried so hard to hire more of them. But the numbers are changing, and that's all for the better.

  • Utility Executive Steps into 'Big Shoes' on Raymond James Board

    Tampa Bay Business Journal February 19, 2016

    At Raymond James, the lead director's role is to solicit agenda items and issues from non-executive directors for inclusion in the board agenda and to organize and chair periodic meetings of the non-executive directors, the company said in its most recent proxy filing. Lead directors have been growing in importance and influence on corporate boards, PricewaterhouseCoopers said.

    Story is one of two women on the board of Raymond James (NYSE: RJF), a financial services company headquartered in St. Petersburg. Her appointment as lead director was announced at the company's shareholder meeting on Feb. 18.
     
    Investors and public interest groups increasingly are turning the focus on the number of women who hold board positions and executive roles in corporations, as several studies show that companies that have women on their boards of directors improve financial performance. About 14.3 percent of the boardroom seats at Tampa Bay’s largest public companies are held by women, according to the advocacy group 2020 Women on Boards.

  • Tampa Bay Business Journal for February 5, 2016: Buccaneers Raising Season Ticket Prices for 2016

    Tampa Bay Business Journal February 5, 2016

    North Venice window and door manufacturer PGT Industries recently added Sheree Bargabos to its board of directors. According to the advocacy group 2020 Women on Boards, the company was among the handful of Tampa Bay companies with no women on their boards.
     
    Bargabos is a former Fortune 500 executive. She spent a decade as President of Owen Corning's Roofing and Asphalt division and then two years as Owen Corning's Vice President of Customer Experience for Roofing.
     
    Alexis says addition of Bargabos to PGT may not seem important, but it is indicative of a change corporate culture where diversity in upper management in not only appreciated, but wanted.