Federated a hit among exec women
By Staff -- Home Textiles Today, 1/26/2005 12:20:00 PM
CINCINNATI — Federated Department Stores has been named by the National Association for Female Executives (NAFE) as one of "The Top 30 Companies for Executive Women."
According to NAFE, the competition was toughened this year by measuring the percentage of women occupying positions with profit-and-loss (P & L) responsibility. In addition, the NAFE "Top 30" companies must demonstrate at least two women on the board and comprehensive programs and policies that support women's advancement.
At Federated, women fill 65 percent of management positions. Additionally, in senior management ranks, and in P & L roles, more than 50 percent are women.
"Representation of women at all levels of our workforce, including in P & L and other key decision-making roles, is essential to our success in the marketplace, and to providing the best shopping experience for our primarily female customer base," said Corliss Fong, Federated operating vice president for diversity management.
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