| CHICAGO, May 24, 1999 - Women hold 8 percent of seats
on the boards of directors of the top 100 foodservice chains, according
to the Catalyst report to the Women's Foodservice Forum, "A Census of Women
in Leadership in the Foodservice Industry." Conducted by the nonprofit
research organization Catalyst for the Women's Foodservice Forum, this
first-ever industry-specific census also finds that women make up 14 percent
of corporate officers, but just 4 percent of top earners in the foodservice
industry.
According to Barbara Timm-Brock, WFF Chair and COO of Cinnabon/AFC Enterprises,
"By tracking women's advancement in the industry, the Women's Foodservice
Forum provides a measure for the industry to benchmark the progress, focus
our leadership development resources and effect change." The Women's Foodservice
Forum, whose mission is to promote leadership development and career advancement
of executive women for the benefit of the foodservice industry, released
the Census today at a press conference at the 80th Annual National Restaurant
Association Restaurant Hotel-Motel Show.
"The Census reflects that some companies are further along than others
in advancing women, however many still have a ways to go," Timm-Brock said.
Of the companies with women board directors, 33 (52 percent of the 63 companies
reporting with board data) have at least one woman director, and 13 (21
percent) have two or more.
Four companies boast 20 percent or more women board directors: Viad
Corp. at 25 percent, Consolidated Products at 22 percent, and Advantica
Restaurant Group Inc. and Piccadilly Cafeterias Inc. at 20 percent each.
Of the companies with women corporate officers, 48 (73 percent of the 67
companies reporting with corporate officer data) have at least one woman
corporate officer, and 33 (50 percent) have multiple women corporate officers.
At four companies women represent 30 percent or more of corporate officers:
Carlson Companies, Inc. at 36 percent, Starbucks Corp. and Advantica Restaurant
Group Inc. at 35 percent each, and IHOP at 30 percent. Carlson Companies,
Inc. is the only company with more than one top earner; it has two. This
Census reveals that the foodservice industry leads the Fortune 500 in terms
of representation of women among corporate officers: 14 percent (188 of
1,297) of corporate officers are women in the foodservice industry, vs.
11 percent (1,234 of 11,022) in the Fortune 500, as reported by Catalyst
in the "1998 Catalyst Census of Women Corporate Officers and Top Earners."
Both Censuses report that women hold 4 percent of top-earning corporate
officer positions.
Catalyst gathered the information for the top 100 chains, determined
by U.S. systemwide foodservice sales as listed in Nation's Restaurant News'
June 22, 1998 issue, from annual reports, proxy statements, and 1OKs. Catalyst
used a cutoff date of December 31, 1998.
Sheila Wellington, President of Catalyst, stated, "This Census provides
a clear picture of women's status within the foodservice industry as well
as a solid benchmark against which to track future progress. Catalyst and
the Women's Foodservice Forum hope other industries will undertake similar
measurements of women's advancement in the workforce."
"From
the results of this study, foodservice companies will be able to judge
themselves against their peers, and leading women in the industry may see
that there is indeed a place for them at the top levels of leadership in
the industry," said Timm-Brock. "The Women's Foodservice Forum believes
that making change for women in the foodservice industry means measuring
progress, and that the systematic tracking of women's representation in
leadership positions will encourage change."
The Women's Foodservice Forum is engaged in a wide range of activities
that support the career growth of women and the human resource needs for
the benefit of the foodservice industry. For more information about the
Women's Foodservice Forum, please visit its web site, www.womensfoodserviceforum.com.
Fact Sheet:
A Census of Women in Leadership in the Foodservice Industry:
Board Directors, Corporate Officers, and Top Earners
| The Catalyst report to the Women's Foodservice Forum, "A Census of
Women in Leadership in the Foodservice Industry: Board Directors, Corporate
Officers, and Top Earners," provides industry changemakers with the first
accurate baseline measure of women's roles in leadership positions within
the industry.
Methodology
Catalyst studied the top 100 chains determined by U.S. systemwide foodservices
sales as listed in Nation's Restaurant News' June 22, 1998 issue. Catalyst
presented the census data of the reporting companies (67) in the top 100
chains against the Fortune 500 companies and Fortune 500 food and foodservice
companies. Data is accurate as of December 31, 1998.
Women on Boards of Directors
-
49 (8 percent) of the 632 board seats of the boards of directors for the
parent companies of the top 100 foodservice chains are held by women, versus
11 percent of all Fortune 500 companies
-
33 (52 percent) of the 63 companies reporting with board data have at least
one woman on their boards of directors
-
13 (21 percent) of the 63 companies reporting with board data have more
than one woman director
-
Companies with 20% or more Women Board Directors
-
Viad Corp. 25%
-
Consolidated Products Inc. 22%
-
Advantica Restaurant Group Inc. 20%
-
Piccadilly Cafeterias Inc. 20%
Women Corporate Officers
-
188 (14 percent) of the 1,297 corporate officers of the parent companies
are women, versus 11 percent of all Fortune 500 companies.
-
48 (73 percent) of the 67 parent companies reporting have at least one
woman corporate officer
-
33 (50 percent) of the 67 parent companies reporting have multiple officers
that are women
-
Companies with 30% or more Women Corporate Officers
-
Carlson Companies, Inc. 36%
-
Starbucks Corp. 35%
-
Advantica Restaurant Group Inc. 35%
-
IHOP Corp 30%
Women Top Earners and Women with Clout Titles*
-
14 (4 percent) of the 316 top earners in reporting companies are women,
compared to 4 percent of Fortune 500 companies and 3 percent of Fortune
500 food companies
-
Companies with one woman top earner
-
Advantica Restaurant Group, Inc.
-
AFC Enterprises, Inc.
-
Boston Chicken, Inc.
-
Consolidated Products, Inc.
-
Fine Host Corporation
-
IHOP Corp.
-
Long John Silver's Restaurants
-
Luby's Cafeterias Inc.
-
Papa John's International Inc.
-
Ruby Tuesday Inc.
-
Sonic Corporation
-
Starwood Hotels and Resorts
-
Companies with two women top earners
A counting of people with clout titles revealed that 12 (4 percent) of
the 329 titleholders are women. *Clout titles designate people in the top
echelon of their organizations and include CEO, COO, Chairman, Vice Chairman,
President, and Executive Vice President.
Summary of Women's Roles Among Reporting Companies
-
57 percent food preparation service occupations**
-
44 percent managers in food serving and lodging establishments**
-
14 percent corporate officers
-
8 percent board of directors
-
4 percent highest titles
-
4 percent top earners
-
1 CEO
** Statistics made available from the U.S. Bureau of Labor Statistics.
FINDINGS
By measuring the number of women on boards we enable others to see the
role women play at the highest level of corporate governance. By
measuring the number of corporate officers, we show the extent to which
women have made it to the highest level to which an employee can aspire
within a company. Through census research we provide specific metrics for
evaluating and encouraging change. The "1998 Census" allows foodservice
companies to judge themselves against their peers, and allows leading women
in the industry to see that there is indeed a place for them at the top
levels of leadership in the industry.
The mission of the Women's Foodservice Forum is to promote leadership
development and career advancement of executive women for the benefit of
the foodservice industry. Catalyst is a nonprofit research and advisory
services organization that works with business to advance women. It first
published an annual "Census of Women Board Directors of the Fortune 500"
in 1993 and, since 1996, has published an annual "Census of Women Corporate
Officers and Top Earners." |
Catalyst is a nonprofit research and advisory services organization
that works with business to advance women. It first published an annual
"Census of Women Board Directors of the Fortune 500" in 1993 and, since
1996, has published an annual "Census of Women Corporate Officers and Top
Earners." For more information on Catalyst please visit their web site,
www.catalystwomen.org or contact Debbie Zarlin at 212-514-7600. |