RI’s Female CEO Deficit — Just 15% of Largest Employers Are Led By Women

Wednesday, February 14, 2018
GoLocalProv Business Team

Men dominate the corner offices in RI
Of the 103 largest employers who operate in Rhode Island, just 15.5 percent of those companies are led by women.

The data was provided by the Rhode Island Department of Labor and Training and includes companies with 400 and more employees.

“Women are half the population and half the world’s brain power. If we’re going to solve our biggest problems, we need everyone at the table. But it’s clear that we have more work to do to empower women. When we invest in diversity, everybody benefits,” said Gina Raimondo, Rhode Island’s first female governor in an email to GoLocalProv.

SLIDE: SEE THE LIST OF THE RI EMPLOYERS WITH MORE THAN 400 BELOW

Recently, Rhode Island lost two of its top women business leaders. Cheryl Snead, the former CEO of Banneker Industries passed away last month and Helena Foulkes, the CVS executive that ran two of the company’s largest business units, is leaving to take the helm of Hudson’s Bay.

Snead was one of the most active business leaders in the community in Rhode Island, serving on multiple boards, and Foulkes has been a regular on many of America’s most influential women and business lists.

Gina Raimondo -- RI's 1st female Governor
What Are The Factors?

“Women are still underrepresented because there is a 'pipeline issue.'  Based on data from 222 companies employing more than 12M in the US, women continue to be hired and promoted at lower rates than men on average (of course, it's even worse for women of color),” said Kelly Nevins, the Executive Director of the Women’s Fund of Rhode Island.

“This happens right at the outset because fewer women are hired at the entry level, despite them being 57% of college grads. As you move through the corporate ladder, representation declines further.  Women are 18% less likely to be promoted to manager than their male counterparts. By the time they reach Senior VP level, women hold only 21% of these positions. If entry level women were promoted at the same rate as their male peers, the number of women at the SVP and C-Suite levels would more than double. By the way, women are NOT leaving companies at higher rates then men do to focus on family,” adds Nevins.

Lisa Ranglin, who heads the RI Black Business Association of RI said, “Companies that continue to ignore the value of diversity and inclusion in their organization will never achieve their highest level of innovation and growth.  It’s well documented that companies with diverse workforce at all levels outperform their competitors.”

“For way too long, diversity and inclusion meant having pictures on a wall with women, and people of color.  Outdated recruitment approaches should be revamped to weed out unconscious bias.  Companies must be intentional in building a pipeline with qualified diverse candidates. Also, there needs to be diverse cultural perspectives that inspire creativity and drive innovation," said Ranglin.

The Rhode Island number may be better than the percentage of women who lead Fortune 500 companies. According to the business publication, just 6.4 percent of the companies on the list are led by women.

"In my opinion, the state’s priority continues to be out of state large companies," said Ranglin. "It is unfortunate, but Rhode Island’s small business and minority-owned businesses have very limited access to develop and expand and they are typically overlooked as potential drivers of neighborhoods economic development and job creation."

Government Leadership Underrepresented Too

Business is not the only place that women are under-represented in Rhode Island. Rhode Island’s Congressional delegation is all male. Of the five general officers, three are male (Lt. Governor Dan McKee, Attorney General Peter Kilmartin, and General Treasurer Seth Magaziner) and two female (Raimondo and Secretary of State Nellie Gorbea). And, only one of the four legislative leaders at the State House is a woman — Patricia Morgan.

Women in tech
What Can Change the Dynamics

Nevins says there are a number of initiatives that could change the status quo:

  • Implicit bias training for ALL employees, and particularly those who are hiring others or conducting performance reviews
  • Conducting regular hiring/promotion audits for demographic information to identify if challenges are in your workplace
  • Remove gender bias from written job descriptions and hiring process (use gender balancing services to ensure that an equal number of women's resumes get to the review stage, remove names from resumes, use mixed gender panel interviews)
  • Connect female employees with leadership development and mentoring programs, provide rotational training through stretch assignments, include them on formal pitch meetings and focus on accountability & results
  • Since women are 5.5 times more likely than their male counterparts to do all or most of the household work in addition to full-time jobs, making sure workplaces are flexible (with clear policies that focus on results) is key. Offering stipends, discounts, and reimbursements to soften the expense of childcare is also helpful.
  • By the way, these things also help men!
  • For more ideas and deeper information, WFRI offers our Gender Equity in the Workplace Toolkit at http://www.wfri.org/research. The toolkit includes a list of questions that can help companies begin to identify gender-related challenges in their workplace.
  • Macy's 

    CEO: Jeff Gennette 

    Category: Retail 

    Number of Employees: 400-499

    Source: RI DLT

     
  • Providence Community Center 

    CEO: Merrill Thomas

    Category: Healthcare

    Number of Employees: 400-499 

    Source: RI DLT

     
  • Schneider Electric

    CEO: Jean-Pascal Tricoire

    Category: Technology 

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • Infosys

    CEO: Salil S. Parekh 

    Category: Technology 

    Number of Employees: 400-499

    Source: RI DLT 

     
  • Metropolitan Property & Liability

    CEO: Steven A. Kandarian

    Category:  Financial Service

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • RI Medical Imaging

    CEO: John A. Pezzullo, MD

    Category: Healthcare 

    Number of Employees: 400-499 

    Source: RI DLT

     
  • University Medicine Foundation

    CEO: Louis B. Rice MD 

    Category: Healthcare

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • Children's Friend & Service

    CEO: Carla Saccone

    Category: Social Services 

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • Walgreens

    CEO: Stefano Pessina 

    Category: Retail 

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • Embrace Home Loans

    CEO: Kurt Noyce

    Category: Financial Service 

    Number of Employees: 400-499 

    Source: RI DLT

     
  • YMCA Pawtucket

    CEO: Charles R. Clifford

    Category: Social Service 

    Number of Employees: 400-499 

    Source: RI DLT

     
  • Amtrol

    CEO:  Larry T. Guillemette

    Category: Manufacturing 

    Number of Employees: 400-499 

    Source: RI DLT

     
  • Caremark 

    CEO: Larry Merlo 

    Category: Healthcare

    Number of Employees: 400-499 

    Source: RI DLT

     
  • Alex and Ani 

    CEO: Carolyn Rafaelian

    Category: Retail 

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • Gateway Healthcare

    CEO: Daniel Wall

    Category: Healthcare 

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • PriceRite

    CEO: Joe Colalillo

    Category: Retail 

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • Dollar Tree Stores

    CEO: Gary M. Philbin

    Category: Retail 

    Number of Employees: 400-499 

    Source: RI DLT

     
  • Balise Auto Sales

    CEO: Jeb Balise 

    Category: Retail

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • The Fogarty Center

    CEO: David C. Reiss

    Category:  Community Services 

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • Thundermist Health Center

    CEO: Charles T. Jones

    Category: Healthcare 

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • United Natural Foods

    CEO: Steven Spinner

    Category: Food Services 

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • Life Care Centers of America

    CEO: Forrest L. Preston 

    Category: Healthcare 

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • Verizon Services 

    CEO: Lowell McAdam

    Category: Services 

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • CCA Inc

    CEO: Christopher Palmieri,

    Category: Healthcare

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • Fidelity Investments

    CEO: Abigail Johnson

    Category: Financial Services 

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • Daniele International

    CEO: Stefano and Davide Dukcevich

    Category: Food Services 

    Number of Employees: 400-499 

    Source: RI DLT

     
  • Teknor Apex 

    CEO: Jonathan D. Fain

    Category: Manufacturing 

    Number of Employees: 400-499

    Source: RI DLT

     
  • Verizon New England Inc

    CEO:  Lowell McAdam

    Category: Technology 

    Number of Employees: 400-499 

    Source: RI DLT

     
  • Neighborhood Health Plan of RI

    CEO: Peter Marino

    Category: Healthcare 

    Number of Employees: 400-499 

    Source: RI DLT

     
  • Looking Upwards

    CEO: Carrie Miranda 

    Category: Healthcare

    Number of Employees: 400-499 

    Source: RI DLT 

     
  • Washington Trust

    CEO: Joseph J. MarcAurele

    Category: Financial Services 

    Number of Employees: 500-999

    Source: RI DLT 

     
  • HB Employee Services 

    CEO: Mark Ohlendorf

    Category: Financial Services 

    Number of Employees: 500-999

    Source: RI DLT 

     
  • Westerly Hospital

    CEO: Patrick Green

    Category: Healthcare 

    Number of Employees: 500-999

    Source: RI DLT 

     
  • Vincent Porcaro Inc

    CEO: Vincent Porcaro 

    Category: Services 

    Number of Employees: 500-999

    Source: RI DLT 

     
  • CVS Rx Services

    CEO: Larry Merlo 

    Category: Healthcare  

    Number of Employees: 500-999

    Source: RI DLT 

     
  • Merrill Lynch

    CEO: Brian Moynihan

    Category: Financial Services 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Aramark Campus

    CEO: Eric Foss

    Category: Food Services 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Target 

    CEO: Brian Cornell

    Category: Retail 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Toray Plastics 

    CEO: Mike Brandmeier

    Category: Manufacturing 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Trudeau Memorial Center

    CEO: Judith Sullivan

    Category: Healthcare 

    Number of Employees: 500-999

    Source: RI DLT

     
  • Salve Regina University

    CEO: Jane Gerety

    Category: Education 

    Number of Employees: 500-999 

    Source: RI DLT 

     
  • Ocean State Transit

    CEO:  Dennis Gallagher 

    Category: Transportation 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Lowe's Home Centers

    CEO: Robert Niblock 

    Category: Retail 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Coastal Medical 

    CEO: Alan Kurose 

    Category: Healthcare 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Tiffany & Company

    CEO: Alessandro Bogliolo 

    Category: Manufacturing

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Whole Foods

    CEO: John Mackey

    Category: Retail 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Cumberland Farms

    CEO: Ari Haseotes

    Category: Retail 

    Number of Employees: 500-999 

    Source: RI DLT 

     
  • New England Institute of Technology

    CEO: Richard I. Gouse 

    Category: Education 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Amgen

    CEO: Robert A. Bradway

    Category: Healthcare

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Dan’s Management

    CEO: Nigel Travis

    Category: Retail 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Metlife Group 

    CEO: Steven A. Kandarian

    Category: Financial Services 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Emma Bradley Hospital

    CEO: Daniel Wall

    Category: Healthcare 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Narragansett Electric

    CEO: Steve Holliday

    Category: Energy 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Rite Aid

    CEO: John Standley

    Category: Retail 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • The Homestead Group

    CEO: Christine Gadbois

    Category: Healthcare 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Sodexho Services

    CEO: Denis Machuel

    Category: Healthcare/Food Services

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Ocean State Job Lot

    CEO:  Marc Perlman

    Category: Retail 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Newport Hospital

    CEO: Crista Durand

    Category: Healthcare 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Cox Communications

    CEO: Patrick J. Esser

    Category: Technology 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • The Providence Center For Counseling

    CEO: Deborah O'Brien 

    Category: Social Services 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Blue Cross & Blue Shield of RI

    CEO: Kim A. Keck

    Category: Healthcare 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • National Financial Services

    CEO: James Cook

    Category: Financial Services 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Lifespan Physician Group

    CEO: Timothy J. Babineau

    Category: Healthcare 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Care New England HR

    CEO: James E. Fanale

    Category: Healthcare 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • YMCA Providence

    CEO: Steven G. O'Donnell 

    Category: Social Services 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Perspectives Corp

    CEO:  David Ruppell

    Category: Social Services 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Butler Hospital

    CEO: Patricia Recupero

    Category: Healthcare 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Raytheon Company

    CEO: Thomas A. Kennedy

    Category: Technology/Manufacturing 

    Number of Employees: 500-999 

    Source: RI DLT 

     
  • Bryant University

    CEO: Ron Machtley

    Category: Education 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Burger King

    CEO: Daniel Schwartz

    Category: Retail 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Employment 2000

    CEO: Cheryl Rey

    Category: Staffing 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • IGT

    CEO: Marco Sala

    Category: Technology 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Roger Williams Hospital

    CEO: John Holiver

    Category: Healthcare 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • Lifespan Corp

    CEO:  Timothy Babineau

    Category: Healthcare 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • St Joseph’s Health Center 

    CEO: David Kobis, FACHE

    Category: Healthcare 

    Number of Employees: 500-999 

    Source: RI DLT

     
  • United Parcel Service 

    CEO: David Abney

    Category: Service 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • FM Global

    CEO: Thomas Lawson

    Category: Financial Services 

    Numer of Employees: 1,000 plus 

    Source: RI DLT

     
  • Shaw’s Supermarket

    CEO: Paul Gossett

    Category: Retail 

    Number of Employees: 1,000 plus

    Source: RI DLT

     
  • Prime Healthcare Services Landmark

    CEO: Michael Souza

    Category: Healthcare 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • Sovereign Bank

    CEO: Scott Powell 

    Category: Financial Services 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • Providence College

    CEO: Brian J. Shanley 

    Category: Education 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • First Student Management 

    CEO: Dennis R. Maple

    Category: Transportation 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • The Home Depot

    CEO: Craig Menear

    Category: Retail 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • Roger Williams University

    CEO: Donald J. Farish

    Category: Education 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • South County Hospital

    CEO: Louis R. Giancola,

    Category: Healthcare 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • AAA

    CEO: Marshall L. Doney

    Category: Insurance/Financial Services

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • Amica Mutual Insurance Company

    CEO: Robert A. DiMuccio

    Category: Financial Services 

    Number of Employees: 1,000 plus 

    Source: RI DLT 

     
  • Fidelity Brokerage Services

    CEO: Abigail Johnson‎

    Category: Financial Services 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • Johnson & Wales University

    CEO: John J. Bowen, MM, DBA  

    Category: Education

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • RI School of Design

    CEO: Rosanne Somerson 

    Category: Education 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • RI CVS Pharmacy Stores

    CEO: VACANT (Formerly Helena Foulkes)

    Category: Retail 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • Twin River 

    CEO: George Papanier

    Category: Casino 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • Hasbro Managerial Services

    CEO: Brian D. Goldner

    Category: Entertainment/Manufacturing 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • Bank of America 

    CEO: Brian T. Moynihan

    Category: Financial Services 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • Women & Infants Hospital

    CEO: Dr. Robert Insoft

    Category: Healthcare 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • Kent County Memorial Hospital

    CEO: Michael J. Dacey Jr.

    Category: Healthcare 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • Walmart

    CEO: Doug McMillon 

    Category: Retail 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • The Miriam Hospital

    CEO: Arthur J. Sampson

    Category: Healthcare 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     
  • Stop & Shop Supermarket

    CEO: Mark McGowan

    Category: Retail 

    Number of Employees: 1,000 plus 

    Source: RI DLT

     

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