Network of Executive Women Annual Report 2018

Network of Executive Women Annual Report 2018

Pivots & Solutions

Pivots

S 04 PARENTHOOD 06 RELOCATION 08 HEALTH CRISIS 10 RISK TAKING 12 CAREGIVING 14 REINVENTION

tarting a family. Reassignment and promotion. Caring for aging parents or facing a health crisis. Beginning a new job (or ending an old one).

These are pivot points that can either derail a career or put it in overdrive. How we support leaders through these changes can make the difference between retaining a key employee or losing her.

Working with our industry partners, NEW has made pivot points the centerpiece of our research, and our work. Because a work culture that nurtures talent is the common denominator — and competitive advantage — that successful, people-driven organizations share.

In the first half of this report you will read the first-person stories of how NEW members have pivoted and how NEW and its partners support them.

We think these stories will touch your heart and open your eyes to the benefits of supporting leaders when they need it most.

Because when your leaders know you have their back and are committed to them for the long haul, they will do remarkable things — and so will your organization.

Best regards,

Lisa Walsh CEO, Truco Enterprises Board Chair Network of Executive Women © Copyright 2018 by the Network of Executive Women. All rights reserved. The distinctive Network of Executive Women and NEW logos, including regional logos, are service marks of the Network of Executive Women, Inc. For a digital copy of this report visit newonline.org/annualreport.

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NETWORK OF EXECUTIVE WOMEN

Solutions

O

rganizations need to retain and develop their top talent. Employees need workplaces where they can be themselves and achieve their best. NEW is working from the top down and grassroots up to meet these converging (and urgent) demands.

Thanks to the NEW Future Fund capital campaign, led by Indra Nooyi of PepsiCo and Brian Cornell of Target, NEW is pivoting to offer fresh solutions that help our partners transform their cultures and our members transform themselves.

We’ve launched new research and analytics to support our partners and a new learning and online community to support our members.

We’ve expanded our scope to include the financial services and tech sectors so closely aligned to our retail and consumer goods partners.

We have strengthened our staff, changed our governance and taken a new look at our strategy. Our advocacy is stronger than ever — and we are forging new alliances to further amplify our voice.

We’ve added a new region, NEW Idaho, to build our grassroots support and C-suite outreach to drive change from the top down.

The road to gender equality will not be easy and it will not be short. But we can get there sooner than we now imagine — if we work hard and work together.

Best regards,

16 V ALUE 17 INSIGHTS 18 ADVOCACY 19 COMMUNITY 20 MEMBERS 22 REGIONS 24 L EARNING 26 P ARTNERS 28 F UTURE FUND 29 F INANCIALS 30 LEADERS

Sarah Alter President and CEO Network of Executive Women

NEW ANNUAL REPORT 2018

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NETWORK OF EXECUTIVE WOMEN

Pivot Point Parenthood

BY CAROLINE WANGA

I was a parent at 17

I

don’t think of myself as “a single mom” — I’m a parent, and I became one as a 17-year-old immigrant from Kenya.

I found out I was pregnant during my first semester in college. At that point, I dreamed of being a police officer or Olympic athlete.

Becoming a parent meant I had to let go of my track scholarship, leave college and tell my family.

Many in my life labeled me and reduced their perspective on my potential.

I tend to thrive when I’m told I can’t do something, so I was motivated by proving people wrong.

I quit school to focus on being Cadence’s mom and doing everything I could to provide for her

It’s my mission for every team member to feel as valued as I have. with a full life, agnostic of how we became a family.

I started a career in the non-profit sector, but not having a degree limited my upward trajectory.

Determined to prove that I could overcome this obstacle, I enrolled in part-time college programs, but none of them helped with the variables of being a student-parent. I found out about Texas College, a historically black college, and its program to support the unique needs of student-parents.

They offered a van to get Cadence to and from school, on-site daycare and my own room. My daughter could eat with me at no additional cost.

They created an experience that said, “You matter equally, regardless of how you became a parent.”

While in school, I took an internship at a Target

distribution center. Target offered me a weekend shift, which allowed me to finish school. I thought, “I like this company that likes and invests in me.

And if this is how this company rolls, I’m in.”

After graduating, working weekends wasn’t working for me. Target demonstrated they cared about me, again, by saying, “We’ll figure it out.”

That was another moment I fell in love with a company that valued me.

Now, as I lead diversity and inclusion at Target, it’s my personal and professional mission for every team member to feel as valued as I have, without having to compromise who they are.

We don’t talk enough about the privilege of resiliency, only the negative experiences that require you to be resilient enough to make it through. I would offer a different perspective. I think the journey of surviving life’s ups and downs is an advantage that differentiates the ability to excel in the hardest of times, including in the workplace. In the worst times, those who have experienced the worst of life are exactly who you want with you.

I became a parent before I was a legal adult and through resiliency and the support of others around me, have a career that I love at a company that cares about me.

And Cadence? She’s graduating from New York University’s School of Engineering and will start her career at General Electric.

Caroline Wanga is the chief diversity and inclusion officer and the vice president of human resources at Target Corporation.

NEW ANNUAL REPORT 2018

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NETWORK OF EXECUTIVE WOMEN

Pivot Point Relocation

BY ELISE HELENE KEELER

I relocated (three times) to get ahead

I

n the span of four years, I moved from Cincinnati to Minneapolis to Tampa and back to Cincinnati — and each move has pushed my career forward.

In 2013, I was working with Mondelēz International in Cincinnati and relocated to the Twin Cities to spread my wings and learn another side of the business, moving from selling new items and shelf resets with a grocery retailer to selling incremental displays and calling on regional contacts for a mass merchant.

Due to a company reorganization in December 2015, my entire team was eliminated.

You must take risks. You never know what they could lead to.

I began reaching out to my network and searching for possible career opportunities. I found a position at General Mills and reached out to someone I met at a NEW Twin Cities event, Bliss Pierce. She told me about the culture, opportunity for advancement and the different business centers around the country. Bliss and everyone I spoke to who held similar roles at General Mills were passionate about their work. The company and the job seemed like a good fit for me. After going through the interview process, I accepted a job to work on the Publix business in Tampa.

Professionally, I knew a new role in a new city would be a way for me to cultivate new skills and develop my personal brand. Personally, my close friend passed away a month before I was downsized and the loss made me realize there’s

no day but today. You must take risks — you never know what they could lead to.

I boarded a plane in Minneapolis in 10-degree weather and landed in Tampa in sunny, 70-degree weather. I thought, “Yes, my life’s going to be different.”

My year in Tampa was a great learning experience doing analytical work in category management. But when I had the opportunity to move back to Cincinnati, I jumped at the chance, though I had two concerns: The demands of calling on a national customer and getting back in a groove with all my friends and family.

But with each move, I grew — and so did my confidence. I discovered I could live on my own in a new city, take advantage of new experiences and adapt.

In every city I lived, I connected with NEW. It’s so empowering to go to a regional NEW event and create bonds with people who understand instantly what you do. We relocate so often in our industry, you never know when you’ll see NEW members you know in another city.

But it’s also important for me to have a foundation of friends outside of work — you’ve got to let it all go sometimes! In Minneapolis, I used the Meetup app to find people in the Twin Cities who had similar interests as me. A group of 15 of us would meet to play Whirlyball, go out to eat and explore the city. I’m still friends with them and I always make sure to connect with them when I’m at General Mills HQ for training. You never know, I may end up moving back!

Elise Helene Keeler is the customer account lead for Kroger at General Mills.

NEW ANNUAL REPORT 2018

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NETWORK OF EXECUTIVE WOMEN

Pivot Point Health Crisis

BY CAETLYN ROBERTS

The doctor said “cancer”

O

n February 5, 2016, my life was forever changed.

After spending most of January in and out of hospitals, I was diagnosed with Stage 4 liver cancer. The next four months were a whirlwind.

Three major corrective surgeries, the first rounds of radiation therapy, an extended stay at the National Institutes of Health and a never-ending battle to remain pragmatic and level-headed.

After being released to the comfort of my family’s home, I began the road to recovery, mentally and physically. While my body healed surprisingly well, my mind kept running away

The men and women I work with were my motivation to return. with itself. When will I feel strong enough to go back to work? Do I want to go back to work? Will Giant have a home for me as a customer service manager in my district? Another district? I was near tears thinking I’d never be able to return to my job.

But I took the time to really evaluate my new situation. I asked myself, “Do I really want to go back to Giant? And if I do, why?” Without hesitation, the answer came to me: The men and women I work with, from store managers and department managers, to the clerks, cashiers and everyone in between. They were my motivation to return.

Although I had only been a customer service manager for two years, I loved every single minute of leading the new hire orientations, becoming

acclimated to my new team, continuing to develop my working knowledge of the store and identifying and developing talent.

That’s not to say I haven’t had my fair share of stressful days. There were times I had to muster the physical, mental and emotional strength to return to work after a full day of scans, lab work and analyzing results. There were emergency trips to NIH because I pushed my body beyond its physical limits. Couple this with my pride in being a manager who makes an effort to give all of her associates a “Good morning” or “Good afternoon” when sometimes a smile and “Hello” was a daunting undertaking.

The associates no longer looked out for me because I was their coworker, but because I was another human being, plain and simple. I received phone calls to “check in,” funny text messages and cards wishing me well. Their actions helped me keep it all together.

It’s been the associates and what I’ve helped them attain that continue to enrich me as a person and give me a sense of fulfillment every day I walk into work. There truly is no better feeling than that.

Now, I’m working six days a week and advancing my career, but am careful not to push myself too hard. My treatment schedule is flexible; I receive monthly injections and am well enough to only need full scans three times a year! I was recently promoted and I’m looking forward to this new role that will further my skill set and empower me to make a bigger impact.

Caetlyn Roberts is human resources business partner for Giant Food.

NEW ANNUAL REPORT 2018

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Pivot Point Risk Taking

BY JOY MARTIN

I took a career risk (that didn’t work out)

W

hen I moved from the Philippines to Utah, the culture shock was real. There wasn’t much diversity — many people thought I was a Latina and spoke Spanish.

Finding a job was intimidating. My English wasn’t strong and I wasn’t sure where to start.

My first experience was applying as a teacher’s assistant at a local school. But when I asked for the application, they assumed I was there for a janitor position. I was given the application and left crying.

About a month later, I was hired by Visa in a customer support role. I worked hard to learn the

I couldn’t help but notice the lack of diversity. software and support our clients, while trying to adapt to my new life.

Five years later, a position opened in our sales organization. I was intimidated by the thought of moving to a new department, because I didn’t think I had the experience or traits they were looking for, but a few of my team members encouraged me to interview for the role. I was hired on the spot. Out of a dozen candidates, I was the only woman who applied. My new manager became my mentor, inviting me to meetings and conferences to give me exposure to other parts of the company.

A couple of years later, he left for a tech startup and recruited me as a program manager. I saw this as an opportunity to get out of my comfort

zone. After nearly 10 years with Visa, I left for a new role with fewer benefits, a big title change and a $30,000 salary increase.

I began to enjoy this new chapter, but I couldn’t help but notice the lack of diversity.

And, while I was paid well, others were being laid off. Plus, I felt as though people didn’t like me, as if I was an outsider who swooped in and stole a position.

Initially, I chalked this all up to start-up growing pains, but things didn’t get better. While I was still adapting to the new company, my manager at Visa reached out and said the company was posting for my old position. I realized I was making a lot of money, but had no friends and just wasn’t happy. Period. I told my manager I wanted to return to Visa, even for less pay. And I did.

The first day back, I felt I was back home. I set a few lofty goals and started thinking beyond my job description. I started reporting to a different manager who challenged me. A year later, I was given a program manager role and am now part of the strategy and program management team for Visa’s technology partnerships.

People ask me if I ever regret leaving Visa. I don’t, because I learned so much while I was gone.

I went back to Visa with my previous title and pay, but a new perspective.

Sometimes you won’t make the right career move — but it doesn’t have to define you. In the end, my risk did pay off.

Joy Martin is program manager, strategic technology partnerships, for Authorize.net at Visa.

NEW ANNUAL REPORT 2018

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Pivot Point Caregiving

BY MINI WALIA

Juggling my work, kids – and parents

I

t’s been a rocky couple of years. My husband and I have two boys — age 2 and 5 — and we both work full time.

We both have aging parents with serious medical conditions, and they’ve been in and out of the hospital. My in-laws live 10 minutes away and my parents an hour flight. Caring for them, getting them to doctor appointments and dealing with the financial aspects have been a family effort.

My husband is a chiropractor and he can flex his schedule, which helps. Sometimes he adjusts his; sometimes I adjust mine. At times I start my day at 6 a.m. and end at 3 p.m. — other days are

Caring for your children and your parents doesn’t have to mean taking a step back. longer. Emergencies are emergencies and we’ve learned to take them as they come.

There was a point when I thought, “Things will slow down.” Now it’s about how we manage day to day and what our priorities are. It’s also about making time to connect with our kids, even if it’s just running around with them outside for 20 minutes. Not waiting for life to slow down, but having a carpe diem mentality has been amazing.

I’ve worked in consumer goods for 15 years, with four companies that all had very different cultures. I’ve worked in an extremely stressful environment, where you were evaluated by the hours in the office versus your output.

This culture took a toll on me emotionally and physically. I finally said to myself, “This is not working for me — I need to be in a company that knows I will deliver, but gives me autonomy to manage my schedule.”

Working for Coca-Cola has been a blessing.

I’m not questioned about my need for work flexibility. Working for a boss who trusts my judgment, challenges my thinking and focuses on my results makes me feel empowered and energized. The conversation is about growing the business. The culture reduces stress and delivers creative ideas and better business results.

Why do women have to jump off the career track to handle family responsibilities? Why do we have to be stuck in one or two positions until our kids are older?

Caring for your children and your parents doesn’t have to mean taking a step back or slowing your career, but making the right choices with the right companies and positions that give you the opportunity to grow professionally and personally.

My advice to other members of The Sandwich Generation is: Get a calendar and live by it, but don’t forget to live.

I would tell any woman to let your passion drive your growth and not let anyone tell you or make you feel you can’t achieve professional growth because you prioritize your family.

Mini Walia is director, national retail sales West for The Coca-Cola Company.

NEW ANNUAL REPORT 2018

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Pivot Point Reinvention

BY MERCEDES JAIME

NEW helped me when I needed help most

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he last few years have been quite a journey, marked by a divorce, a car accident that took the life of my mother, losing my job and starting my own business. Through it all, I was helped by my NEW family, the friends and connections I made in 10 years I’ve been a NEW member and regional volunteer.

Six years ago, I divorced and faced the economic reality of that. A month after my divorce, my mother, my 16-year-old daughter and I were in a car accident. We were on our way celebrating my daughter getting her driver’s license when we were T-boned by a semi. We were all severely injured, and my mother passed.

Through it all, my NEW family was a pillar of strength.

At the same time, the retailer I worked for was going through a transition and my team of five in supplier diversity was reduced to a team of one, me. Some of the new leadership didn’t value diversity and inclusion as a priority and, as a Latina, I didn’t always feel I could bring my whole self to work.

There were unwritten rules of the corporate culture and a hierarchy of who could talk to who.

I didn’t feel listened to or valued. Because I have grown up in this business, working in grocery since I was 16, and because I can’t change who I am, I bristled at those rules.

Through it all, my NEW family was a pillar of strength, helping me through my grief and turmoil

happening at work, supporting me through my physical rehabilitation, visiting me at the hospital and at home.

I had an a-ha moment at a NEW event when I asked the speaker what inspired him to do what he was doing. He said, “I wanted ownership of my future.” And I thought, “Yes, I want to take control of my own destiny.” NEW brought me that.

I knew I wanted to focus on my passion for supplier diversity, and again, my NEW family helped me. A small group of us in NEW Twin Cities piloted a program for small businesses that focused on supplier diversity, and that work was so valuable to me.

Early last year, I lost my job. Six months later, I launched my own company, helping companies build supplier diversity programs. By working with many companies, I’m spreading the diversity and inclusion message to a wider audience than I did in the past.

Looking back, I see the turbulent times were a blessing in disguise, because they helped me focus on what I wanted to do with the rest of my life. During these kinds of pivot points, you can feel, “I’m stuck because…” or personally attacked for what you are thinking or feeling. NEW has been a safe haven, where I can improve my leadership skills and ask senior leaders who are unbiased about the challenges I am facing personally or professionally — like my mentor, who I met through NEW — for their honest perspective and advice.

Mercedes Jaime is founder and CEO of Enter Entra LLC. NEW ANNUAL REPORT 2018

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Solution Value

Companies are losing women (our solutions change that) rganizations are losing female talent at an astonishing rate.

But women who are learning and leading, developed and supported

In-person and online learning is just part of the NEW value equation. Our insights, best practices and

are much more likely to stay at their companies

original research help organizations transform. We

(and keep their skills and experience with them).

partner with C-suite leaders to promote policies that

NEW develops women leaders by expanding their

support women leaders and support them through

networks and building their skills and confidence.

pivot points. We help women lead, learn and connect

Nearly four in 10 attendees of NEW Rising Stars

in 21 regional communities in the U.S. and Canada.

2017 report they received a stretch assignment or

And we advocate for gender equality by amplifying

promotion in the nine months following graduation.

our members’ voices in the industries we serve.

The NEW value proposition Learning

NEW’s change curriculum accelerates careers. More than 19,000 members and supporters participated in NEW learning events, programs and outreach in 2017.

Insights

NEW insights, research and best practices identify deep-rooted challenges and uncover new paths to gender equality.

C-suite

NEW’s outreach to CEOs and C-suite leaders includes a Blueprint for Action that’s helping transform the workplace from the top down.

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NETWORK OF EXECUTIVE WOMEN

Regions

Our volunteer-run regions are our strong grassroots, where thousands of women (and men) learn to lead, develop new skills and connect in their communities.

Advocacy

NEW advocacy is bolder than ever.

Working with our partners and allies, we’re building awareness, driving gender equality and helping our members speak with one powerful voice.

Solution Insights

We’re your authority on women’s leadership ou’re the authority on your organization. NEW is the authority on women’s leadership. Our

Action, which lays out core principles and

experience, research, insights and

practices to help achieve gender equality in

best practices — combined with your leadership

the workplace. In 2017 we released our

— can unleash the power of women in your

“Women’s Leadership: An Industry Growth

company and industry. Our expanded research

Imperative” whitepaper. Further research and

and insights initiatives are designed to pinpoint

action plans — based on surveys, company

specific problems and propose solutions, like

data and analytics — will be delivered to our

those found in our upcoming Blueprint for

stakeholders throughout 2018.

NEW identifies the challenges — and solutions NEW research identifies the urgency of the women’s leadership challenge — and points the way to solutions. Data gathered by Mercer show that entry-level and mid-level women at participating companies have a turnover rate twice that of men; the rate for senior-level women is almost four times higher.

Turnover rates

Source: Mercer Internal Labor Market data from participating NEW partner companies.

NEW ANNUAL REPORT 2018

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Solution Advocacy

Amplifying the voices of our members ur message of gender equality and a better workplace for all is carried by our leaders, our

alliances with organizations like Catalyst, Enactus,

members, our partners and our allies.

the Executive Leadership Council and CEO

It is heard loud and clear at industry events and

Action for Diversity & Inclusion are helping our

partner visits, on social media and through our

members speak with one bold voice. (See all our

websites, newsletters and industry media. New

Allies on page 27.)

Bolder advocacy, bigger reach NEW advocacy is growing stronger and louder as we expand the markets we serve, forge new alliances and increase our outreach, in person and online.

Industry outreach

1,355

Website visitors

128,040

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Subscribers

3

66,752 Publications

5

125,338

Partner events

1

1,744

Social media

4

91,164

Industry media

6

3,996,792

1. Estimated attendance at 33 NEW events at partner companies. 2. Estimated attendance at eight NEW-hosted sessions and networking events and diversity events, including CEO Action for Diversity & Inclusion, NRF Big Show, GMA Supply Chain Conference, GMA Leadership Forum, Top Women in Grocery, Top Women in Convenience, Path to Purchase Women of Excellence Awards and Outlook Leadership. 3. NEW Solutions, NEW IQ, NEW SmartBrief and NEW Daily. 4. Includes 28,648 followers of NEW regional social media. 5. Total print and digital distribution of NEW Leader magazine and NEW Annual Report. 6. Total digital and print distribution of native and co-op advertising, does not include additional native advertising website impressions.

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NETWORK OF EXECUTIVE WOMEN

Solution Community

It starts with our community (but doesn’t end there) EW’s community of nearly 11,000 members and more than 100 corporate partners is the start of our

we serve. NEW works from the C-suite down

influence, not the end. Our drive

and from the grassroots up, providing support

for gender equality and inclusion begins with a

for senior leadership, career development

core community of dedicated volunteer leaders,

for employees and managers, insights for

is amplified by our partners and allies, and

organizations and inclusion best practices

expands through our members and supporters,

for retail, consumer goods, financial services

spreading our mission throughout the industries

and technology.

Our communities NEW works through widening circles of influence, starting with a core community of highly dedicated leaders and volunteers and spreading outward to impact nearly everyone in the industries we serve.

OFFICERS AND BOARD

Set strategy and provide insights

REGIONAL LEADERS

Bring NEW to local communities

MEMBERS

Transform themselves and others

PARTNERS

Support and enact our mission

AMBASSADORS

Engage partner employees

REGIONAL SUPPORTERS

Grow NEW from the grassroots

ALLIES AND MEDIA

Amplify our mission and message

SOCIAL MEDIA AND ONLINE

Carry our mission further

NEW ANNUAL REPORT 2018

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Solution Members

There’s strength in numbers EW members don’t just stand out, they stand up.

They reach higher, work harder, listen

brand, growing their professional networks and

closer and, yes, speak louder. They are

increasing their leadership skills. NEW supports

active in NEW, role models in their organizations

our members through critical pivot points in their

and leaders in their communities. They help others

lives and careers. They stand with us because

and we help them, by building their personal

we stand with them.

Membership

Members

10,685

Organizations

831

Source: Member profile data as of 12/31/17. Base for gender: 9,239.

Base for age: 5,672. Base for ethnicity: 7,441. Base for job level: 8,919. Base for profession: 7,672. Figures rounded and may not total 100 percent.

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NETWORK OF EXECUTIVE WOMEN

1. Includes complimentary and temporary memberships.

NEW ANNUAL REPORT 2018

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Solution Regions

NEW Regions: Learning, advocating EW’s regional groups deliver our mission to the local communities where our members live and work.

launched its 21st regional group — NEW Idaho.

Nearly 800 regional leaders and

Two NEW regions — NEW Northern California

volunteers do it all, from booking speakers and

and NEW Chicago — celebrated their 10th

renting venues to promoting events and recruiting

anniversaries, proving the staying power of our

new members and sponsors. In 2017 NEW

robust regional communities.

Regions

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NETWORK OF EXECUTIVE WOMEN

Regional events

130

Volunteers*

1,003

* Includes 768 regional volunteers.

— and always doing NEW Toronto volunteer leaders accepted the Region of the Year award at the NEW Leadership Summit 2017.

Regional awards Region of the Year

Best Regional Leaders 2017

NEW Toronto

NEW Atlanta Kristine Pettoni, Clarkston Company

Bobbie O’Hare Award Regional Leader of the Year Kristine Pettoni, Clarkston Consulting NEW Atlanta

Achievement Awards

NEW Carolinas Erin Patel, The Clorox Company NEW Chicago Dawn Greene, Great Lakes Coca-Cola Bottling

NEW North Texas Sandy Deiters, Sunoco NEW Northern California Rebecca Okamoto, Evoke Strategy Group NEW Northwest Arkansas Cassie Moore, Hormel Foods Corporation NEW Pacific Northwest Leslie Milinkovic, Sodexo

Financial NEW Florida

NEW Cincinnati Jennifer Reynolds, DanoneWave

NEW Phoenix Cathy Kloos, Albertsons Companies

Operational NEW Northern California

NEW Denver Jody Mason, DanoneWave

NEW South Texas Julius Salamone, Altria

College Outreach NEW Twin Cities

NEW Florida Heidi Dodge, GSK Consumer Healthcare

NEW Southern California Lizette Chantaracharat, Cacique Inc.

NEW Greater Philadelphia Kristin Lindsay, The Hershey Company

NEW Toronto Doina Amudipe, The Clorox Company

NEW Mid-Atlantic Phyllisann Fobian, GSK Consumer Healthcare

NEW Twin Cities Jill Riemenschneider, Mondelēz International

Sponsorship/Fundraising NEW Cincinnati

NEW New England Laurie Rains, Nielsen

NEW Western Michigan Karmelita Middlemiss, Acosta

Inclusion NEW Mid-Atlantic

NEW New York Eva Kohn, CBA Industries

Mentoring NEW Northwest Arkansas Programming/Events NEW Greater Philadelphia Public Relations/Social Media NEW Chicago

NEW ANNUAL REPORT 2018

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Solution Learning and Events

Building better leaders with EW career development — based on the NEW Career Accelerator ModelTM — helps build better leaders,

Forum is a unique retreat for senior-level women,

increase job satisfaction and retention,

while the NEW Leadership Summit and 130

and create more productive work teams and a

regional events support leaders at every level.

better bottom line. Our growing menu of learning

NEW learning events and programs — online

programs includes NEW Executive Institute for

or in person — build confidence, expand

upward-bound executives, NEW Rising Stars

connections, foster mentor relationships and close

for mid-career leaders and onsite Career

the feedback loop, advancing women every step

Accelerator workshops. The NEW Executive

of their careers.

NEW events and career development programs helped more than 16,000 NEW members and supporters to sharpen their skills and strengthen their leadership, power and influence in 2017.

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NETWORK OF EXECUTIVE WOMEN

research-based solutions NEW leadership development Conferences

Learning programs

Regional events

NEW Leadership Summit

NEW Executive Institute

40 learning events

NEW Executive Forum

NEW Rising Stars

90 mixers

NEW Accelerator Workshop Member webinar series

NEW ANNUAL REPORT 2018

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Solution Partners and Allies

Transforming the workplace — EW collaborates with our corporate partners — and an increasing number of allied diversity organizations

and corporate members designated by our

— to advance women leaders, drive

corporate partners comprise nearly 85 percent

gender equality and increase inclusion in the

of our membership. NEW welcomed 14 NEW

companies and industries we serve. Executives

corporate partners in 2017 (a record total of 105),

from our partner companies serve on our Board

and we launched new alliances with organizations

and direct our strategy; partner contributions

like CEO Action for Diversity & Inclusion, Enactus

underwrite all our programs and services;

and many others.

Partners Foundation Ahold Delhaize Altria The Coca-Cola Company Kimberly-Clark Mars Inc. Nestlé Group PepsiCo Inc. Procter & Gamble Walmart Inc./Sam’s Club

Title Accenture Albertsons Companies American Express Chevron Corporation The Clorox Company Deloitte Hallmark The Hershey Company Intel Johnson & Johnson Kellogg Company The Kroger Co. L’Oréal* 26

NETWORK OF EXECUTIVE WOMEN

Mondelēz International S.C. Johnson Unilever Visa* Walgreen Co. Winsight Media

Platinum Acosta Colgate-Palmolive Coty Inc. DanoneWave Ensemble IQ General Mills GSK Consumer Healthcare The J.M. Smucker Company JOH MARS Agency MaxPoint Meijer Nielsen Pfizer Target Corporation Trilliant Tyson Foods Inc.

Gold 3M Corporation 7-Eleven Inc. Academy Sports & Outdoor* Advantage Solutions Arla Foods Inc. Barilla BISSELL Home Care Inc. BJ’s Wholesale Club BP am/pm Brown-Forman Campbell Soup Co. Catalina Chobani* Clif Bar & Company Conagra Brands Costco Wholesale Corporation CROSSMARK CVS Health Duracell E. & J. Gallo Winery EY Ferrero Glanbia Nutritional* Heineken USA

with the help of our friends NEW CEO Sarah Alter joined 70 leaders from business and academia at the first-ever CEO Action for Diversity & Inclusion summit in New York.

Allies

The Home Depot Hormel Foods Corporation Hy-Vee Inmar Interstate Batteries* IRI J.C. Penney Corporation KeHE Distributors Inc. Keurig Green Mountain Inc. Keystone Foods* The Kraft Heinz Company Land O’ Lakes Inc.* McCormick & Company Mead Johnson Nutrition Michaels Stores Inc. Nature’s Bounty Newell Brands Pabst Brewing Company* Paris Presents* Perdue Farms Inc.

PetSmart Inc. Post Consumer Brands RaceTrac* Reckitt Benckiser Republic Services* Sabra SAP Schwan’s Food Company Smithfield Foods Inc. Southern Glazer’s Wine & Spirits SpartanNash* Starbucks Coffee Company* SUPERVALU Inc. Valassis WinCo Foods Young’s Market Company As of December 31, 2017. *New partner for 2017.

Catalyst Center for Creative Leadership CEO Action for Diversity & Inclusion Convenience Stores Against Trafficking Convenience Store News CSP Enactus Executive Leadership Council Food Marketing Institute Grocery Business Grocery Manufacturers Association Hispanic Association on Corporate Responsibility Johnson & Johnson Human Performance Institute Mercer NACS New Hope Network Northwestern Kellogg School of Management Progressive Grocer Supermarket News Women’s Foodservice Forum

NEW ANNUAL REPORT 2018

27

Future Fund

Future Fund: Driving change inside and out he workplace is being transformed and NEW is transforming with it.

The Network of Executive Women’s

Executive Institute, and proprietary research to

$5 million Future Fund campaign,

support NEW’s members, partners and regional

launched in 2016, is powering new insights,

groups. In the coming months, NEW will expand its

technology and advocacy on behalf of our

services further by growing in the financial services

stakeholders. We’ve invested in new infrastructure,

and tech sectors, adding new learning programs,

a new website, an online Member Community,

increasing membership and alliances, and

career programs like NEW Rising Stars and NEW

delivering a Blueprint for Action on gender equality.

Future Fund deliverables The NEW Future Fund is underwriting new solutions, technology, infrastructure and programs.

We’re transforming NEW to support you and your organization through change.

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NETWORK OF EXECUTIVE WOMEN

Financials

Our returns advance your mission EW relies on its financial good health — and healthy fundraising — to advance gender equality, support

contributions of our partners and the support

our members and help transform

of our members, NEW has expanded its scope,

the industries and companies we serve. Thanks

solutions and services beyond the horizons first

to our NEW Future Fund capital campaign, the

imagined by our founders 17 years ago.

Income

Partner contributions $3,111,000 Future Fund contributions 1,425,450 Regional sponsorship 216,702 Membership dues1 209,728 NEW learning programs 717,645 NEW Executive Forum2 855,775 NEW Leadership Summit2 1,454,680 Regional event registration 604,491 Other3 478,844 Total $9,074,315

Expenses

Services, staffing and support4 $5,454,840 Conference expenses 2,693,292 Association expenses5 661,999 Total6 $8,810,131 CHANGE IN NET ASSETS $264,184

Assets

Cash - checking/savings Total accounts receivable (net of allowance) Prepaid expenses Total current assets Property and equipment (net) Total assets

$2,908,282 949,530 162,072 $4,019,884 13,910 $4,033,794

Liabilities

Accounts payable Other current liabilities7 Total current liabilities Unearned/deferred revenue8 Total liabilities

Net assets

$150,366 509,151 $ 659,517 $1,599,593 $2,259,110

Temporarily restricted net assets $1,091,901 Unrestricted 682,783 Total Net Assets $1,774,684 TOTAL LIABILITIES AND NET ASSETS $4,033,794 9

Data for 2017. 1. Includes individual and corporate membership dues. 2. Includes sponsorship fees. 3. Includes scholarship donations, interest income, currency gain/loss, other income and in-kind contributions of $423,913.

4. Includes sales, marketing, accounting, strategic planning and organizational development, regional support, public relations and advertising, education and program development, legal services, staff salaries and benefits, payroll and vacation, credit card and sales taxes. 5. Includes insurance, depreciation, bad debt, in-kind rent, computer services, telephone and other. 6. Includes management transition costs of $659,626. 7. Includes payroll liabilities, accrued payroll and vacation, credit card and sales taxes. 8. Includes unearned membership dues, sponsorship and event revenue. 9. Includes funds restricted for scholarships and NEW Future Fund.

NEW ANNUAL REPORT 2018

29

Leadership

NEW is member-led and EW is guided by a strong and diverse Board, organized and inspired by our regional leaders and informed and

one in 10 — advance our mission through their

assisted by our corporate Ambassadors.

service. Their personal commitment to NEW is the

All told, nearly a thousand NEW members — nearly

ultimate proof of our value.

Executive Committee BOARD CHAIR Lisa Walsh CEO Truco Enterprises IMMEDIATE PAST CHAIR Karen Stuckey Senior Vice President Private Brands General Merchandise, Walmart U.S. Walmart Inc. VICE CHAIR Monica Turner Vice President, Customer Business Development Procter & Gamble TREASURER Erby L. Foster Jr. CEO Foster Inclusion

Committee Chairs

SECRETARY Regenia Stein Principal Ingenuity Consulting

AUDIT Dagmar Boggs President, 7-Eleven Global Team The Coca-Cola Company

Director Emeritus

COMPENSATION Karen Mooney Chief Human Resources Officer Keystone Foods

Bobbie O’Hare Vice President Business Development JOH

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NEW Board members are personally and professionally committed to gender parity.

REGIONAL ADVISORY Elizabeth “Beth” Marrion Managing Director, Retail Accenture

NETWORK OF EXECUTIVE WOMEN

TRANSFORMATION Vicki Felker Vice President and General Manager, Golden Products Division Nestlé Purina PetCare

Directors At-Large Dorria Ball President and Founder Global Ballance Group Tracey D. Brown Senior Vice President Operations and Customer Experience Sam’s Club

Kelly Caruso Senior Vice President Merchandising, Hardlines Target Corporation Kendra Doyel Senior Director Human Relations Ralphs Grocery Company and Food 4 Less/Foods Co. The Kroger Co. Michelle Freyre President, U.S. Beauty Johnson & Johnson Consumer Inc.

volunteer-driven Nicola Johnson Principal Consumer & Industrial Products Practice Deloitte Consulting Abbe Luersman Chief Human Resource Officer Ahold Delhaize

Regional Advisory Committee CHAIR Marla Thompson Formerly Angie’s List Lori Brown Kimberly-Clark

Karen Shanks Julie Stone The Coca-Cola Company Elizabeth Perkins Warland Judicious Thinking

Carolinas

Sara Clarkson Storesupport Canada

Shelly Bluhm Valassis

Julie Lutz Post Consumer Brands

Angela Beverly-Kibler Ahold Delhaize

JoAnn Murdock Schaffner Communications

Cassandra Thurman Diversey

New Gen Committee

Lori Proctor Simpactful

Ariel Fortune Dalton DanoneWave

Renette Wheeler Coca-Cola Consolidated

Jill Riemenschneider Mondelēz International

Courtney Heger Nestlé Purina Petcare

Debbie Rookstool

Valerie Oswalt President, NA Confections Mondelēz International Kim Underhill Global President Kimberly-Clark Professional

Briana Lee Tyson Foods Inc. Paulina Lee Procter & Gamble Natalie Malone Mars Wrigley Confections Ashley Martina Quotient Technologies

Vicki Schwartz Schwan’s Food Company Committee members serving in 2017.

Regional officers Atlanta

Julie Niehaus Procter & Gamble

Tonia Holmes Crews The Coca-Cola Company

Paige Rotondo PepsiCo Inc.

Dawn Kirk The Coca-Cola Company

Mary Rivard Hormel Foods Corporation

Mia Martin Events for Less Marketing

Stacy Schmitz Accenture

Angela McFadden The Coca-Cola Company

Kari Sims CROSSMARK

Kristine Pettoni Clarkston Consulting

Krista Specht UNFI

Kelly Rolader The Coca-Cola Company

Chicago Liz Berrill Deloitte Jane Bullinger Sargento Foods Inc. Marita Gomez GenerationSync Dawn Greene Great Lakes Coca-Cola Bottling

Sharon Haynes Platinum Event Management Lisa Vannis Deloitte

Denver Katrina Hahn Bare Snacks April Jessen Breck Strategic Consulting Jody Mason New Hope Natural Media Gia Medeiros 520 Collective Frances Tinsley FleetPride

Florida Lucia Crater Impact 21 Heidi Dodge GSK Consumer Healthcare Lisa Gaylord The Coca-Cola Company Brianna Gordon Conagra Brands

Ginny McGarrity Altus

Christina Keppel News America Marketing

Andrea Trippe PepsiCo Inc.

Rebecca Logli Intersect Media Solutions

Cincinnati

Sarah Nielsen PromoPoint Marketing

Amy Armstrong Smith Brown-Forman

Stephanie Rivera PepsiCo Inc.

Amy Eskoff Garrett Procter & Gamble

Greater Philadelphia

Stephanie Getz SGC Consulting

Peggy Allen David Perry Associates

NEW ANNUAL REPORT 2018

31

Leadership

Judy Brown Nestlé Waters Jennifer Heinzen Krueger Ahold Delhaize Rebecca Ann Jutkus The Hershey Company Kristin Lindsay The Hershey Company Stacey Miller Ahold Delhaize Rachael Marsteller The Coca-Cola Company Lisa McGurk Blueberry Katie Wallace PepsiCo Inc.

Idaho Amanda Martinez Albertsons Companies Marissa Crab Albertsons Companies Karen Hein Procter & Gamble Kim Stokes Unilever

Mid-Atlantic Sunday Council-Baker Phyllisann Fobian GSK Consumer Healthcare John Dillinger Newman’s Own Anne Golding Ahold Delhaize Jeanine Jones Ahold Delhaize Micky Nye SUPERVALU Mark Tarzwell Ahold Delhaize

NEW partners Acosta and Brown-Forman hosted a NEW North Texas event.

New England

North Texas

Gayle Baker C&S Wholesale

Sandy Deiters Sunoco

Laurie Casagrande UNFI

Jaime Groce CROSSMARK

Rachel Donovan RBM Technologies

Christy McCrary Mondelēz International

Dana Giffin J.M. Smucker

Nicole Wright Acosta

Lynne Powell-Pinto Procter & Gamble

Northern California

Laura Reynolds Acosta

Katie McMahon Starbucks Coffee Company

Kim Richardson-Roach CVS Health

Rebecca Okamoto REO Consulting

Amy Roy King Arthur Flour

Julie Oxner IRI

Krista Specht UNFI

Mary Pryor Ghirardelli Chocolate Company

New York Metro

Northwest Arkansas

Lauren de Simone The Rockford Group

Jessi Cole Walmart Inc.

Barbara Mroczynski Deloitte

Alicia Conner Nature Made

Laura Rummel The Kraft Heinz Company

Janet Hannay Walmart Inc.

Becky Sawtelle PepsiCo Inc.

Heather Mason Walmart Inc. Cassie Moore Hormel Foods Corporation

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NETWORK OF EXECUTIVE WOMEN

Jody Pinson Walmart Inc. Melody Richard The Coca-Cola Company Mary Rivard Hormel Foods Corporation

Pacific Northwest Teri Evernden Starbucks Coffee Company Maria Costin Starbucks Coffee Company Desirée Frey T-Mobile Bibi Kaminski Hormel Foods Corporation Michelle Linders-Wagner Deloitte Carrie Miceli Deloitte Leslie Milinkovic The Coca-Cola Company Toni Price Ferrara Candy Co. Samantha Smith Perdue Farms

Phoenix Joan Bergstrom Henkel

Ambassadors

Susan Charney-Moore Spicewater Inc.

Eleanor Hong Smart & Final

Jennifer Drews Abbott

Jennifer Lindsey Hormel Foods Corporation

Christina Hunter PetSmart Inc.

Subriana Pierce Navigator Sales and Marketing

Jamie Johnson PetSmart Inc.

Mini Walia The Coca-Cola Company

Marilyn Locus Republic Services

Toronto

Lauren Kuehner Henkel

Darlene D’Souza SC Johnson

Cathy Kloos Albertsons Companies

Rachel Doll Tetra Pak

Neha Mallik Mars Petcare

Wendy Glanznig Mosaic

Nicole Riley PetSmart Inc.

Jennifer Hutton The Coca-Cola Company

Abby Sheppard Procter & Gamble

Julia Sisnett Campbell Soup Co.

Claire Thomas Pembroke Leadership

Twin Cities

Jessie Thomas PetSmart Inc.

Valerie Conard Target Corporation

South Texas

Angela McKeand Schwan’s Food Company

Robyn Calhoun Nestlé Group

Emily Nolan The Hershey Company

Allison Darden Altria

Jill Riemenschneider Mondelēz International

Karma Deady Adler Tank Rentals

Joy Simonsen Mondelēz International

Felecia Peeples The Coca-Cola Company

American Express Anna Ziskend Daniel Thea McDevitt

Western Michigan

Sheronda Sweet The Coca-Cola Company

Ilea Evans Campbell Soup Co.

Arla Foods Kathleen Hutchinson John Kennington

Jessica Wintle Altria

Jessica Bachand Kellogg Company

Southern California

Sarah Parrigin CROSSMARK

Audra Acquarelli Catalina Lizette Chantaracharat Cacique Inc.

Regional officers who served part or all of 2017.

3M Kate Semersky

Brown-Forman Amy Armstrong-Smith

7-Eleven Inc. Angela Carrales Ena Williams

Campbell Soup Company Mia Tomkins Kathleen Murphy

Academy Sports & Outdoor Sabrina Tellez

Catalina Marsha McGraw

Accenture Mike Gorshe Amy Johnson Beth Marrion

Chevron Corporation Miriam Lopez

Acosta Kathy Caldwell Tom Duffy Nicole Wright Advantage Solutions Molly Dube Shelly Jacoby Meg Levene Wendy Murray Ahold Delhaize Linda Johnson Stacey Miller Albertsons Companies Michele Gross Cathy Kloos Amanda Martinez Altria Heather Bell Rhonda Johnston Lindsay Robison

Chobani Tanja West-Edwards Grace Zuncic Clif Bar & Company Amber Balestrieri Karin Thrift The Clorox Company Miriam Lewis Nanette Magezi Michelle Talford Courtney Williamson The Coca-Cola Company Stacy Bernal Kathy Williams Kelly Iacobelli Colgate-Palmolive Jesma Johnson Conagra Brands Sheila Cross Costco Wholesale Corporation Erin Bradley Coty Inc. Sand Bounds Sarah Rack CROSSMARK Kallie Millar

Barilla Margaret Fillman

CVS Health Tom Ashworth

BISSELL Home Care Kristen O’Neill

DanoneWave Kristina Cole Ariel Fortune Dalton Sarah Feltham

BJ’s Wholesale Club Lauren Walker BP am/pm Sandy Govind Lauren Walker

Deloitte Tiffany Mawhinney Tonya Wilborn NEW ANNUAL REPORT 2018

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Leadership

The Kroger Co. Chris Albi Veronica Nester Martha Taylor Land O’ Lakes Inc. A.J. Graves Tiffany Hiniker Elizabeth Nelson L’Oréal Rebecca Caruso Angela Guy MARS Agency Beth Gross Mars Chocolate NA Marla Benson Tracey Wood

More than 1,200 members joined the NEW Leadership Summit in D.C.

Mars Food Patrice Polta

Duracell Danielle McGrogan

The Home Depot Myra Reeves

Mars Petcare Morgan Millard Kelly Nguyen

E. & J. Gallo Winery Andrea Snider Jennifer Saalwaechter

Hormel Foods Corporation Katie Berner Jennifer Johnson Natosha Walsh

Ensemble IQ Katie Brennan EY Lourdes Canizares-Bidwa Ferrero Stephanie Ryskasen General Mills Ariana Lopez Irlanda Ellen Siebenborn-Forsyth Glanbia Nutritional Anna DuHamel GSK Consumer Healthcare Jacque Franklin Phyllisann Fobian Hallmark Stacey Bishop Kim Newton Shauna Schwart

34

Hy-Vee Sheila Laing Janae Lynch Inmar Sharon Joyner-Payne Intel Laura Barbaro Rachel Mushahwar Ann Steuart Kelly Woods Interstate Batteries Samantha Goldstein IRI Sarah Ketvirtis Lauren Weidner

Heineken USA Michelle Nachtweih

The J.M. Smucker Company Danielle Barran Carrie Mathews Jill Penrose Lindsey Tomaszewski

The Hershey Company Alexandra Oles Alicia Petross

J.C. Penney Corporation Jamie Abbott Sage McEuin

NETWORK OF EXECUTIVE WOMEN

JOH Linda Gilroy Bobbie O’Hare Johnson & Johnson Kelly Kruzel Gabby Paladino Margarita Rossi KeHE Distributors Inc. Michelle Burke Kellogg Company Mark King Carol Lewis Keurig Green Mountain Inc. Lindsay DeVagno Kellie Ebert Dawn Lockwood Carolyn Piscatelli Keystone Foods Lynn DiBonaventura Karen Mooney Kimberly-Clark Sherry Ellies Tanja Hale The Kraft Heinz Company Marcia Moran Kelsey Nevius Mike Ridenour

Mars Wrigley Confections Tiffany Menyhart Atticus Morton MaxPoint Emily Stephen Monica Telese McCormick & Company Lori Robinson Mead Johnson Nutrition Chelsea Manning Meijer Erika Murphy Amanda McVay Michaels Tracy Goyne Denise Hunter Mondelēz International Jill Riemenschneider Patricia Smith Nature’s Bounty Kathleen Cutrone Karen Matijak Nestlé Nutrition Kerri Petrakis Denise Willson

Nestlé Purina PetCare Kimberly Skinner Whitney Stone Lauren Teter

Republic Services Julia Arambula Vanessa Moran Samuel Wolo

Nestlé USA Stephen A. Leach

SC Johnson Amy Dragland-Johnson Rachel McGinley Roberto Sepúlveda Tina Winham

Nestlé Waters Vanessa Lecorps Cortney Terrillion Newell Brands Regina Bailey Nielsen JoAnn Piedmont Pabst Brewing Company Jennifer Hubbs Lyssa Reynolds Paris Presents Jeanette Higham PepsiCo Inc. Deanna Jurgens Heather Hoytink PepsiCo Inc., Frito-Lay Marla Daudelin PepsiCo Inc., North American Nutrition Emma Smith Perdue Farms Tara Campbell Katherine Moore PetSmart Inc. Christina Hunter Jessie Thomas Pfizer Amy Reibrich Post Consumer Brands Peggy Sowden Kristen Wallen Procter & Gamble Amy Alt Amber Kramer RaceTrac Terrica Bailey Reckitt Benckiser Sophia Cuniff Michelle Vasquez

Sabra Stephanie Allen SAP Stacy Ries Schwan’s Food Company Vicki Schwartz Tricia White Smithfield Foods Elizabeth Darden Southern Glazer’s Wine & Spirits Laurie Mack Rachel Seder Heather Zyjewski SpartanNash Debra Cross Starbucks Coffee Company Joni Casady SUPERVALU Heather Hanscom Michelle Reitan Target Corporation Angie Molina Trilliant Kate Bons Tyson Foods Inc. Leslie Drish Unilever Alison Castillo Kanika Sodhi Valassis Melanie Bauman Barbara Labadie Visa Sarah Pew

Walmart Inc. Bridgette Woodell Richard Pinnock (Canada)

Reagan Lund Director of Corporate Partnerships

WinCo Foods Valerie Davis

Robert F. Solomon Jr. Director of Talent Development

Winsight Abbie Westra

Rob Wray Director of Communications & Engagement

Young’s Market Jennifer DePaola Ambassadors who served part or all of 2017.

Staff Sarah Alter President & CEO Julie Basile Vice President of Regions & Marketing Carol Jones Vice President of Finance & Administration Nancy Krawczyk Vice President of Partner & Member Engagement Christen Ng Vice President of Technology & Analytics Julie Janckila Director of Corporate Partnerships

Jessie Cobian Financial Administrator Christina Cole Regional Development Manager Vanessa Cullerton Finance Manager Barb Grondin Francella Manager of Communications & Engagement Katherine Hall Program Services Coordinator Christine Lee Community Manager Kathleen Olen Chief of Staff Maggie Rebman Accounts Receivable Specialist Angela Reed Manager of Database & Member Services Sarah Sapp Registration Specialist

NEW Vice President Nancy Krawczyk welcomed Kevin Walling, CHRO for The Hershey Company, to the NEW Summit.

Walgreen Co. Stephanie Johnson

NEW ANNUAL REPORT 2018

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