Campbell Soup CEO Denise Morrison retired last week after seven years at the company's helm. Board member Keith McLoughlin will fill the CEO role on an interim basis while the company seeks a permanent replacement.
The number of female Fortune 500 CEOs has fallen to 24, down from a record high of 32 last year. High-profile departures have included Irene Rosenfeld's retirement from Mondelez and Meg Whitman's decision to leave Hewlett Packard Enterprise.
Some 140 actors, philanthropists and business leaders -- including well-known individuals such as Oprah Winfrey and Madeleine Albright -- have written an open letter calling for action to eliminate the gender gap. The gap is a problem everywhere, but it is "wider for women living in poverty," the letter notes.
American Express' Deborah Curtis talks about the company's focus on brand experiences and collaborations with Justin Timberlake, the NBA and Coachella to engage with and provide additional value to its card members. Curtis also discusses the Amex Music app and how the brand uses "digital touchpoints to not only inform the experiences we create but also to connect these experiences for our customers to make them more personal, more meaningful, more joyful."
Save now on NEW Summit, Sept. 26-28 in Chicago The NEW Leadership Summit 2018, Sept. 26-28 at the Hyatt Regency Chicago, features leadership workshops, The NEW Awards Gala and keynotes by life coach Simon Bailey, Morgan Stanley Vice Chair Carla Harris and Ellevest CEO Sallie Krawcheck. NEW members: Register by Aug. 8 to save $300. Not a member? Join NEW now for $200.
Amazon has changed course and embraced a policy that will require the company to interview a diverse group of candidates for each board opening. The company said, however, that the policy was already in place on an informal basis.
The way to make America's startups more diverse is to get more women and minorities onto the capitalization table at the beginning of a company's life, according to entrepreneur and investor Sarah Kunst. "Founders should make sure to look for co-founders, advisers, employees and angels who are from varied backgrounds, a smart move given that diverse teams are smarter," she writes.
It's important for the dialogue around workplace harassment and the gender gap to be inclusive of both women and men, says Anne Fulenwider, editor in chief of Marie Claire magazine. People need to listen and ask questions without shying away from difficult conversations, she says.
Students graduating from college this year expect to earn an average of $54,010 in their first job, nearly $8,000 more than those in 2016, according to a survey by talent acquisition software company iCIMS. Female graduates say they expect to earn less than the average, while 64% of college seniors say they also expect to work side jobs.
Hot off the press: NEW Leader spotlights women's pivots
The newly released 2018 edition of NEW Leader magazine focusing on the challenges faced by women leaders in retail and consumer goods is reaching tens of thousands of readers this month. Written by the Network of Executive Women and distributed in May issues of Progressive Grocer and Retail Leader, the magazine profiles NEW members who confronted critical career/life pivot points and articles on the female turnover crisis, the gender gap among multicultural women, the impact of #MeToo and a CEO interview with Sarah Alter of NEW, Denise Morrison, previously of Campbell Soup, and Chris Baldwin of BJ's Wholesale Club. Download the issue.
Mother and daughter leaders to share at NEW Forum
Denise Morrison, the recently retired CEO of Campbell Soup Company, will discuss "Leading with Intention" with her daughter, Michelle Chenery of Altria, and Dagmar Boggs of The Coca-Cola Company, at the NEW Executive Forum 2018, July 31 to August 2 outside San Diego. More than 300 senior leaders from the retail, consumer goods, financial services and technology sectors are expected to attend the invitational event. Contact your NEW Ambassador to see if you qualify.