Aetna Recognized for Dedication to Women in Leadership
HARTFORD, Conn. – Aetna (NYSE: AET) has been named by the National Association for Female Executives (NAFE) to the 2013 NAFE Top 50 Companies for Executive Women. This prestigious list spotlights corporations whose commendable practices and employment records demonstrate that women matter to the bottom line.
“Aetna is honored to be included in the NAFE top companies ranking for the 14th time,” said Grace Figueredo, chief diversity and inclusion officer of Aetna. “We are proud to have a longstanding track record of executive women leading our business operations and managing teams of people who reflect the communities we serve. Leveraging women is key to winning in the marketplace, since women play a significant role as consumers who are making or influencing 80 percent of all buying decisions.”
In determining its top 50 companies, NAFE places specific emphasis on the number of women running the business-of-the-business jobs with profit-and-loss responsibility.
According to research conducted by the Working Mother Research Institute for NAFE, women at the NAFE Top 50 Companies now make up 25 percent of corporate executives, up from 22 percent last year, versus 14 percent at the Fortune 500; 22 percent of the profit-and-loss corporate executives, up from 19 percent last year; and 26 percent of all board of director seats, compared with 17 percent across the Fortune 500. Aetna exceeds each of these metrics.
“This year, we see measurable progress for women at companies that have made their advancement a priority, a smart strategy given the growing research that correlates greater numbers of women in top positions with higher revenues,” said NAFE President Betty Spence. “For women, these are the top companies to work for.”
Carol Evans, CEO of NAFE and president of Working Mother Media added, “The NAFE Top 50 Companies are major employers committed to hiring, retaining and promoting executive women. They know that gender diversity at the top leads to a healthy bottom line. We are proud to honor companies who place women in leadership positions.”
In addition to the Aetna Women’s Employee Resource Group, the Aetna Women’s Leadership Alliance was started in 2012 to harness the power of the company’s high-potential women. The initiative seeks to provide women the tools, resources, and access to senior leadership necessary to develop and advance their careers within the company.
Methodology: The 2013 NAFE Top 50 Companies application includes more than 200 questions on female representation at all levels, but especially the corporate officer and profit-and-loss leadership ranks. The application also tracks access and usage of programs and policies that promote the advancement of women, as well as the training and accountability of managers in relation to the number of women who advance. To be considered, companies must have a minimum of two women on their boards of directors as well as at least 1,000 employees in the U.S.
The National Association for Female Executives (NAFE), founded in 1972, serves 20,000 members nationwide with networking, tools and solutions to strengthen and grow their careers and businesses. Working Mother magazine publishes the annual NAFE Top 50 list. NAFE.com provides up-to-date information, community for women in business and access to member benefits. NAFE is a division of Working Mother Media, owned by the Bonnier Corporation.
Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 38.3 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities, Medicaid health care management services, workers’ compensation administrative services and health information technology services. Aetna’s customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.