Greggs announces support of “WeQual” awards to identify woman executives across the FTSE
Greggs announces support of "WeQual" awards to identify woman executives across the FTSE
Awards recognise women one level below the Executive Committee
Aimed at tackling slow progress in appointing women in FTSE 100 & 250
Aimed at women who are one step away from executive committee level – the ‘ExCo minus one’, the WeQual awards have been launched to recognise the talented women aspiring to become future executive committee members, at a time when FTSE companies have yet to significantly increase representation of women on executive committees.
The government-backed Hampton-Alexander Review revealed that despite growing calls for change, women still represent only 25% of the Combined Executive Committee and Direct Reports across the FTSE 250. A majority (60%) of new appointments to senior roles continues to be men.
Mapped against nine roles on the Executive Committee, celebrating women working in Financial, Procurement, Digital, Operations, Diversity & Inclusion amongst others, who are ordinarily hidden one level below the Executive Committee, entrance is open throughout May – individuals are encouraged to self-nominate. The Awards ceremony will take place at The Savoy in London on 26 September 2019.
Katie Litchfield, CEO and Founder of the WeQual Awards, commented: “Reaching 33% representation of women across Executive Committees and Direct Reports by 2020 is currently looking to be more of a dream than a reality, so it has never been more important to spot and celebrate the women waiting in the wings who are often overlooked.
We hope that the WeQual Awards will help show the potential of talented and committed businesswomen and encourage businesses to facilitate their progression to the very top of UK businesses.”
Roger Whiteside, Greggs CEO commented: “We’re proud to be supporting the WeQual Awards, to help more talented women join the highest ranks of British business.
Greggs is ranked number 10 in the FTSE 250 for female representation on our Board and we are making sure our female executive talent receive all the encouragement they need to pursue a progressive career through our `Female Career Development Programme.
Promoting gender equality is not just the right thing to do but makes good business sense and contributes to our economic growth and development.”
Full information and details of how to enter are available on the website: www.wequalawards.com.
Hampton-Alexander Review, 2018