Connect with us

Business

How Macy’s Quietly Created One of America’s Most Diverse Boards

Published

on

During Terry Lundgren's tenure at Macy's four female directors have been appointed to his board. (Courtesy of Macy's)

During Terry Lundgren’s tenure at Macy’s four female directors have been appointed to his board. (Courtesy of Macy’s)

 

(Fortune) – Macy’s CEO and Chairman Terry Lundgren likes to fill his board with members who have diverse perspectives. As the head of a major U.S. retailer, he’s adamant that the board reflects his customer base so he can stay attuned to trends in how different people shop.

What Lundgren looks for in board members hardly sounds radical, but the results have been: Half of Macy’s 12 board directors are women. Last month, when he appointed Leslie Hale from RLJ Lodging Trust to the board, Macy’s reached this milestone. Less than 1% of companies in the Fortune 500 have achieved or surpassed gender parity on their boards, according to a recent Fortuneanalysis in collaboration with S&P Capital IQ.

Reaching the 50% mark brings Macy’s into a elite group that includes three other companies as of Fortune’s January analysis: AvonXerox and TravelCenters of America  (which only has four board members in total). These companies have each demonstrated a serious commitment to changing the male-heavy gender dynamics on corporate boards.

It’s worth noting that Macy’s board diversity extends beyond gender as well — two members are African-American, one is Asian-American and another is Hispanic.

READ MORE

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Activism

Oakland Post: Week of March 20 – 26, 2024

The printed Weekly Edition of the Oakland Post: Week of March 20 – 26, 2024

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

Oakland Post: Week of March 13 – 19, 2024

The printed Weekly Edition of the Oakland Post: Week of March 13 – 19, 2024

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

Oakland Post: Week of March 6 – 12, 2024

The printed Weekly Edition of the Oakland Post: Week of March 6 – 12, 2024

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Subscribe to receive news and updates from the Oakland Post

* indicates required

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

Trending

Business

How Macy’s Quietly Created One of America’s Most Diverse Boards

Published

on

During Terry Lundgren's tenure at Macy's four female directors have been appointed to his board. (Courtesy of Macy's)

During Terry Lundgren’s tenure at Macy’s four female directors have been appointed to his board. (Courtesy of Macy’s)

 

(Fortune) – Macy’s CEO and Chairman Terry Lundgren likes to fill his board with members who have diverse perspectives. As the head of a major U.S. retailer, he’s adamant that the board reflects his customer base so he can stay attuned to trends in how different people shop.

What Lundgren looks for in board members hardly sounds radical, but the results have been: Half of Macy’s 12 board directors are women. Last month, when he appointed Leslie Hale from RLJ Lodging Trust to the board, Macy’s reached this milestone. Less than 1% of companies in the Fortune 500 have achieved or surpassed gender parity on their boards, according to a recent Fortuneanalysis in collaboration with S&P Capital IQ.

Reaching the 50% mark brings Macy’s into a elite group that includes three other companies as of Fortune’s January analysis: AvonXerox and TravelCenters of America  (which only has four board members in total). These companies have each demonstrated a serious commitment to changing the male-heavy gender dynamics on corporate boards.

It’s worth noting that Macy’s board diversity extends beyond gender as well — two members are African-American, one is Asian-American and another is Hispanic.

READ MORE

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Activism

Oakland Post: Week of March 20 – 26, 2024

The printed Weekly Edition of the Oakland Post: Week of March 20 – 26, 2024

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

Oakland Post: Week of March 13 – 19, 2024

The printed Weekly Edition of the Oakland Post: Week of March 13 – 19, 2024

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

Oakland Post: Week of March 6 – 12, 2024

The printed Weekly Edition of the Oakland Post: Week of March 6 – 12, 2024

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Trending

Copyright ©2021 Post News Group, Inc. All Rights Reserved.