NEW Future Fund addresses 'unfinished business'
Wednesday, July 27, 2016
Posted by: Rufino Cabang
NEW Vice Chair Lisa Walsh of PepsiCo Inc. and NEW Board member Trish Adams of Target Corp. give an update on the NEW Future Fund.
RANCHO PALOS VERDES, CALIFORNIA -- "It takes more than mere agreement to advance women leaders," NEW Board member Trish Adams, executive vice president, merchandising product group, Target, told more than 300 senior-level leaders at NEW Executive Leaders Forum, July 27, 2016 at Terranea Resort. "It takes commitment."
Adams joined NEW Vice Chair Lisa Walsh, senior vice president and general manager of PepsiCo Sales, for "Gender Equality: Unfinished Business." During the session, Adams and Walsh delivered an update on the NEW Future Fund – the Network's $5 million capital campaign for gender parity -- and the current business case for women's leadership.
Watch the NEW Future Fund video on YouTube
The retail industry workforce is 55 percent women, women only hold 22 percent of retail's senior management roles, Walsh said. In the food and beverage industry, only 27 percent of women are senior managers.
"Many industry companies -- most of them represented here today -- have made great strides," Walsh said. "But as an industry, we are not where we want to be."
Adams shared the NEW Future Fund's two-year goal of increasing retention, advancement and engagement of women in the retail and consumer goods and services industry across four Network of Executive Women platforms:
- Technology to enable greater access, agility, innovation and productivity
- Insights that will help companies advance women leaders through analytics, benchmarking and research.
- Learning -– online and in-person -– to strengthen teams and nurture individual leaders at all levels
- Community expansion that will increase NEW’s membership and engagement throughout the industry
The NEW Future Fund, co-chaired by Indra Nooyi, chairman and CEO of PepsiCo Inc., and Brian Cornell, chairman and CEO of Target Corporation, is "well on its way," Walsh said. "Thanks to individual contributions -- from longtime supporters of NEW and every single member of our Board -- and corporate contributions -- from PepsiCo, Target and many others companies who have committed but not yet been announced – NEW is more than a quarter of the way to our fundraising goal."
NEW Summit attendees were provided with pledge cards and the opportunity to donate directly to the Fund.
"Everyone has a stake in our NEW future," Adams said.
Donate to the NEW Future Fund Save