GRDC News - March 2003


Kodak Named to NAFE's Top 30 Companies for Executive Women
The National Association for Female Executives (NAFE) named Kodak to its "Top 30 Companies for Executive Women" in January. For the fifth year, Avon Products excels as the best company for women, with the highest numbers of women board members, corporate officers, top earners, and in the "C-suite" (corporate leadership offices).

The top ten companies for women also include Scholastic, Liz Claiborne, Wellpoint, Fannie Mae, Golden West, Prudential, New York Times, Hewlett-Packard, and IBM.

"This year, we find a great diversity in the types of companies offering women the best shot," said NAFE President Dr. Betty Spence, with ten of the "Top 30" companies in the financial industry and nine in manufacturing/retail. "From technology to pharmaceuticals to publishing, the "Top 30" are tapping women for senior positions - and have the best practices to get them there. The companies actively work to retain their women by offering opportunities to grow and advance and a work culture where they can prosper 'and have a life,'" said Spence.

However, women continue to get short shrift in the area of pay equity, despite their increasing numbers in senior jobs, according to NAFE. The Securities and Exchange Commission, which requires public companies to report their five top earners, shows only 16 of NAFE's "Top 30" companies with at least one woman in the top paid. Scholastic is the sole company where women best men as top earners.

Companies on the "Top 30" must demonstrate at least two women on the board, a steadily increasing number of women in senior management, programs that groom women for upper management, maternity/paternity leave, and flextime.

The 2003 "Top 30 Companies for Executive Women"
1.   Avon, New York, NY
2.   Scholastic, New York, NY
3.   Liz Claiborne, North Bergen, NJ
4.   WellPoint Health Networks Inc., Thousand Oaks, CA
5.   Fannie Mae, Washington DC
6.   Golden West, Oakland, CA
7.   Prudential Financial Group, Newark, NJ
8.   New York Times, New York, NY
9.   Hewlett-Packard, Palo Alto, CA
10.   IBM, Armonk, NY
11.   Federated Department Stores, Cincinnati, OH
12.   Compuware, Farmington Hills, MI*
13.   Principal Financial Group, Des Moines, IA
14.   Aetna, Hartford, CT
15.   Washington Mutual Inc., Seattle, WA
16.   Charles Schwab, San Francisco, CA
17.   Target, Minneapolis, MN
18.   Merck & Co., Inc., Whitehouse Station, NJ
19.   Sears, Roebuck and Co., Hoffman Estates, IL
20.   Gannett, McLean, VA
21.   USAA, San Antonio, TX*
22.   DuPont, Wilmington, DE*
23.   Lincoln Financial Group, Philadelphia, PA
24.   Sallie Mae, Reston, VA
25.   TIAA-CREF, New York, NY
26.   Eastman Kodak, Rochester, NY*
27.   Verizon, New York, NY*
28.   Bristol-Myers Squibb, New York, NY
29.   Office Depot, Delray Beach, FL*
30.   Procter & Gamble, Cincinnati, OH

*New to the list this year

The National Association for Female Executives (NAFE), founded in 1977, is the largest women's professional and business association in the country, and publishes Executive Female, a bi-monthly publication distributed to 125,000 members.

Xerox Names Philip Harlow as Chief Diversity and Employee Advocacy Officer
STAMFORD, Conn., Feb. 06, 2003 -- Xerox Corporation (NYSE: XRX) today announced Philip Harlow as its chief diversity and employee advocacy officer, effective immediately.
Harlow will direct Xerox's diversity strategies and "voice of the employee" initiatives, as well as support the company's Executive Diversity Council, minority supplier programs, employee caucus groups, training and development, university relations, and recruitment activities.

"Xerox's commitment to maintaining an inclusive environment and a diverse work force is a cornerstone of our culture; valuing and respecting our employees is a core value," said Patricia M. Nazemetz, vice president, human resources, to whom Harlow will report. "Phil's extensive expertise and leadership will enhance our efforts to ensure Xerox is an employer and partner of choice."

Harlow joins Xerox from Bausch & Lomb Inc., where he served as vice president, human resources, in support of marketing, sales and customer service operations in the Americas region. From 1998 to 2001, he was vice president, HR services, at Merck & Co. Inc. and responsible for corporate strategy and program development including benefits, compensation, diversity, health services and employee relations.

Prior to Merck, Harlow enjoyed a 25-year career in HR at Xerox Corporation. He joined Xerox in 1973 as an employment specialist in Webster, N.Y., and assumed increasingly responsible HR operations and staff assignments within Xerox field, engineering and manufacturing divisions. From 1994 to 1998, Harlow served as vice president, human resources, for the Office Document Products group.

Harlow, 51, attended the Harvard Executive Business program in 1999 and is a graduate of LeMoyne College in Syracuse, N.Y., where he earned a bachelor's degree in labor and industrial relations in 1973.

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