GM Lands in NAFE’s Top 50 Companies for Executive Women
General Motors has been named one of the National Association for Female Executives’ (NAFE) 2015 Top 50 Companies for Executive Women. The award is presented to corporations based out of the United States that are exceptional in terms of promoting women into executive roles.
GM is the sole automotive representative on the list, and likely earned a great deal of favor for becoming the first major American automaker to name a woman to the chief executive office when it appointed Mary Barra to the position in January 2014.
“We encourage diverse thinking and collaboration in everything we do at GM on our journey to become the most valued automotive company,” said Barra. “At GM, one-fifth of our executives, one-fourth of our officers and more than one-third of our board members are women.”
The findings in NAFE’s 2015 study reveal that more women are being promoted to board seats, and more women are earning more money for the work that they put it. General Motors has 5 women on its board of directors.
We’re counting the numbers of women in senior management at America’s top companies and are happy to find that companies are responding to the competition,” said NAFE President Betty Spence. “The 2015 NAFE Top 50 Companies demonstrate their understanding that having women in top executive posts increases the bottom line.”
NAFE determines its Top 50 Companies by issuing companies an application that contains more than 200 questions. In order to qualify for the list, a company must have at least 1,000 employees and no fewer than two women on its Board of Directors.