L’Oréal USA has been named one of top ten companies on the 2020 NAFE Top Companies for Executive Women by the National Association for Female Executives.
This list recognizes US companies that have a strong focus on best practices that move women to senior ranks, including mentoring, sponsorship, involvement in employee-resource groups and leadership-development training. The list also highlights company benefits and corporate cultures of accountability for gender-equity results, including the involvement of the CEO and top leaders in advancing women. The NAFE Top 70 Companies, released today, is featured in the April/May issue of Working Mother.
Gender equality is critical to our success, and at L’Oréal we are committed to creating an environment where women can advance their careers and not only attain, but flourish in positions of leadership,” said Angela Guy, Senior Vice President of Diversity and Inclusion at L'Oréal USA. As the world's number one beauty company, we consider it an imperative that our workforce represent the world around us. Achieving gender equity is a key piece of that, and we are honored to be recognized for our ongoing effort."
Referring to the S&P 500, where women remain stalled at 6 percent of CEOs, NAFE President Dr. Betty Spence said: “Our research ‘The Gender Gap at the Top: What’s Keeping Women from Leading Corporate America’ uncovered the alarming fact that men— not women—are being trained and selected for the revenue-generating positions that lead to the top job. At the NAFE Top Companies, we do report small increases in women running major operations and moving into the C-suite, and we encourage all companies to focus on gender equity in their succession planning.”
The 2020 NAFE Top Companies continue to tell the story of what organizations are doing to move women into executive positions by communicating the value of P&L roles and ensuring equity in executive succession planning,”said Subha V. Barry, president, Working Mother Media. “However, corporate America is finally beginning to realize that there is still much work to do. There are still too few women with this experience, but the NAFE Top Companies continue to pave the way for the advancement of women.”