Progressive Grocer - July 2016

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On Target Brian Cornell has seen firsthand the positive impact that women’s leadership can make. At Target, women make up 36 percent of the board of directors and 45 percent of its c-suite, well above industry and external benchmarks. Further, almost half of Target’s 1,800 stores — each with several hundred employees, generating tens of millions of dollars annually — are run by women. “There’s no question we’re making progress, but we still have work to do to achieve gender parity in the industry,” Cornell says. “It starts by continuing to build and support a culture of true workplace inclusion and an atmosphere that empowers women to be leaders and grow in their careers.” One such effort is Target’s Women’s Business Council, which engages women through mentorship and career counseling. The council also does male advocacy work, supports Target’s womenowned vendors and suppliers, and engages Target board members in the conversation. “Encouraging these kinds of activities as a part of our workplace culture is helping us close gaps, foster equity and create opportunities for

all leaders,” Cornell says. PepsiCo and Target are the fund’s initial corporate sponsors, with others expected to join the effort soon. Every member of the NEW board, which is composed of leaders from some of the industry’s largest companies, including Ahold, Delhaize, Supervalu, Walmart, CocaCola and Mondelez, has already pledged his or her personal financial support. These industry leaders agree: We’re in a highly competitive, low-margin industry, and talent is the difference between success and failure. Led by industry executives, driven by NEW members and powered by the NEW Future Fund, we can make retail and consumer goods the No. 1 industry for talent. To learn more, visit newonline.org/ ournewfuture. PG Joan Toth is president and CEO of the Network of Executive Women, Retail and Consumer Goods, a learning and leadership community representing 10,000 members, 750 companies, 100 corporate partners and 20 regional groups in the United States and Canada.

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