Top Companies with Female CEOs Increased 5 Percentage Points
NEW YORK, NY, March 5, 2019—The National Association for Female Executives (NAFE) today announced the NAFE Top 70 Companies and 10 Nonprofits for Executive Women. While there are still too few women at the top of our nation’s corporations, NAFE is proud to spotlight trailblazing companies that prepare, promote and push women to executive levels.
The NAFE Top 70 Companies are featured in the April/May issue of Working Mother and at workingmother.com. The best of these are the NAFE Top 10 Companies for 2019: Eli Lilly and Company, Ernst & Young LLP, FleishmanHillard, IBM, JLL, Johnson & Johnson, L’Oreal USA, Marriott International, Procter & Gamble, and Unilever USA. This is the first year Eli Lilly and Company, Johnson & Johnson, and Unilever have made the coveted Top 10. IBM and Aetna are the only companies on the list for its entire 21-year history. The full report can be found here.
Highlights of the 2019 NAFE Top 70 Companies include:
- Female representation among CEOs at the NAFE Top 70 companies increased 5 percentage points to 19 percent this year, outpacing the S&P 500 at 5 percent.
- The percentage of women on the boards of directors at the NAFE Top 70 companies increased two points to 32 percent, up from 30 percent in 2018. S&P 500 held steady year over year at 21 percent .
- Female executives responsible for divisions worth more than $1 billion increased from 21 percent to 26 percent in the past year.
“In 2019, a woman’s journey up the corporate ladder still differs from a man’s, but the Top Companies stand out in their application of remedies,” NAFE President Dr. Betty Spence says. “They are models of how to progressively move women into senior roles, as reflected in their strong representation in the leadership ranks.”
“The 2019 NAFE Top Companies continue to tell a progressive story about what organizations are doing to move women up into executive positions,” says Subha V. Barry, president of Working Mother Media. “While the results are encouraging, there is still much work to do. There are still too few women serving as CEOs, managing large asset portfolios, and seated on boards of directors, but the NAFE Top Companies are paving the way for the advancement of women.”
The 2019 NAFE Top 70 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 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 U.S.-based CEO, and at least 1,000 U.S. employees.
The National Association for Female Executives (NAFE), founded in 1972, serves its members with networking, tools, and solutions to strengthen and grow their careers and businesses. Working Mother magazine publishes the annual NAFE Top Companies and Women of Excellence lists. Nafe.com provides up-to-date information, a community for women in business, and access to member benefits. NAFE is a division of Working Mother Media, owned by Bonnier Corporation.