Network on track to meet growth goals, Board reports
Friday, May 04, 2012
The Network of Executive Women Board of Directors addressed the organization’s growth and financial health at its May 2, 2012 meeting in Dallas.
NEW, which has grown to 5,500 members, 19 regions and 77 sponsors, is "in a good place” financially, with nine months of operating budget in reserve, according to Network Treasurer Rosa Stroh, vice president and treasurer for The Hershey Company. An emphasis on process improvements, including moving accounting measures to cloud computing to enable easier access to information and more real-time data, will continue, she noted.
Stroh was joined at the Board meeting by NEW Board Vice Chair Catherine Linder of Walgreens and members Linda Johnson of SUPERVALU, Jeff Boser of Kellogg Company, M. Marnette Perry of The Kroger Company, Karen Stuckey of Walmart Stores, Sue Sears of Kimberly-Clark Corporation, Margarita Rossi of Johnson & Johnson, Marie Quintana of Quintana Group, Regenia Stein of Kraft Foods, past Chair Allison Kenney Paul of Deloitte, Annie Zipfel of Target Corporation, Bobbie O’Hare of JOH, Michelle Murphy of SUPERVALU, Sarah Chartrand of Ahold USA, Erby Foster of The Clorox Corporation, Beverly Grant of Procter & Gamble, Christy Consler of Safeway Inc., Lisa Klauser of Unilever and Cathy Green Burns of Food Lion Family. Also attending the meeting were guests Monica Turner of Procter & Gamble and Lisa Walsh of PepsiCo.
Sponsor revenue grew 32 percent in the last year, regional membership is flourishing and member attendance at NEW Leadership Academy webinars has tripled, according to NEW Vice President of Sales and Marketing Nancy Krawczyk. As of early May, the Network had reached 80 percent of its 2012 goal for number of national sponsors and nearly 70 percent of its goal for number of members.
In other Network news, the NEW sponsorship committee is developing a three-year plan for growth and working on a tool kit to better equip NEW Ambassadors for interfacing with their companies’ leadership and share best practices.