Summiteers lean in to NEW Future Fund
Friday, September 30, 2016
Posted by: Barbara Francella
Attendees at the NEW Leadership Summit 2016 contributed more than $12,000 to the NEW Future Fund, the Network’s $5 million capital campaign aimed at transforming NEW and driving inclusion and gender equity in retail and consumer goods.
More than 75 NEW members contributed an average of $150 each to the NEW Future Fund, September 29-30 at the NEW Summit in Orlando. The fund will underwrite new technology that will deliver industry-specific data and insights, learning programs and community and collaboration tools to advance industry women.
“We all know that when doors of opportunity are open to women, everyone thrives," NEW Treasurer Erby Foster of The Clorox Company told Summit attendees. "Women’s leadership increases innovation, collaboration and financial performance,” he said. "It’s time for more women leaders and a new, more inclusive workplace.”
Brian Cornell, chairman and CEO of Target Corporation, and Indra K. Nooyi, chairman and CEO of PepsiCo Inc., are co-chairing the industrywide initiative. NEW has received more than $1 million in pledges for NEW’s Future Fund. The Network's Board members have personally pledged $100,000.