BNY Mellon appointed Michelle Goldstein Managing Director and Head of State and Local Government Relations, reporting to Ann Costello, BNY Mellon's Global Head of Government Affairs. Michelle had been Executive Director of Federal Affairs in the New York City Office of the Mayor. (prnewswire)
The Export-Import Bank of the United States appointed Claudia Slacik Chief Banking Officer and Senior Vice President for Export Finance. Claudia is the former head of the international public sector for JPMorgan's treasury services. (prnewswire)
Cantor Fitzgerald & Co. appointed Christina Rizopoulos Valauri Managing Director and Global Director of Research. Christina had been Managing Director and Director of U.S Equity Research at Natixis Securities Americas. See prnewswire.
Online shopping destination Gilt appointed Tracey Weber Chief Operating Officer. Tracey had been Managing Director, North America Internet and Mobile and Global Product at Citibank. See prnewswire press release.
The number of women-owned firms is growing at a rate one and a half times more than the national average, according to the American Express OPEN 2013 State of Women-Owned Business report. Women-owned firm’s revenue and employment growth over the past 16 years exceeds that of all but the largest, publicly traded companies however, only two percent of women-owned firms have reached the million-dollar threshold. If female entrepreneurs unlocked their full potential they could actually add 8 million jobs by hiring just one employee.
In response to the success women have experienced and the need to build on those accomplishments, American Express OPEN has created OPEN for Women: CEO BootCamp. This first-of-its-kind program immerses women entrepreneurs in the fundamental pillars for successful ventures: confidence, competence and connections.
“Given our rich legacy in the women’s entrepreneurship space, and the existing need, the time is right to establish this first of its kind program that speaks to the mindset of women entrepreneurs,” said Susan Sobbott, president, American Express OPEN. “CEO BootCamp will help them work on the business rather than in the business through highly focused programs that will help entrepreneurs identify growth opportunities that have an impact on local communities while contributing to the U.S. economy.”
CEO BootCamp will kick off on September 20th with a special event for women entrepreneurs to help them hone their skills, uncover opportunities and address mindset obstacles that may have held them back from reaching their full potential as a CEO. This event is open to all women entrepreneurs regardless of industry, size or revenue. To register for the NYC event, click here.
Alex Ytuarte is Senior Manager of Customer Advocacy Marketing at American Express Open and oversees initiatives to help small businesses grow their business. Alex currently oversees the OPEN for Women: CEO BootCamp initiative, which launches on September 20. Alex previously managed the OPEN for Government Contracts program, which provides small business owners with the education and resources needed to tap business opportunities available through government contracts.
What do Janet Yellen, Oprah Winfrey, Diane Sawyer and Alexa Von Tobel have in common? As different as they may be, all these women are breaking ground as we speak!
Janet Yellen, (pictured left) the Vice Chairman of the Board of Governors of the Federal Reserve System, is a strong contender to replace Ben Bernanke as Federal Reserve Chairman, proving that women are ready and waiting to be at the helm in finance. President Obama should appoint this capable woman to the job.
In other industries women are also breaking ground. ABC Anchor Diane Sawyer beat out the traditional top news broadcaster Brian Williams to be number one the week of July 22 for the first time, putting women at the front of the line, and Oprah Winfrey turned a profit with her new television network OWN, beating forecasts and showing everyone she remains a major force in the industry.
Add to this the many young women entrepreneurs like Alexa von Tobel, Founder of LearnVest (pictured right) who just raised $16.5 million in venture capital for the LearnVest personal finance site, and it's proof positive that women are making progress. Clearly we are ready to blast the glass for everyone!
Oversee.net, a portfolio of websites and mobile apps to help consumers make informed purchase decisions, appointed Joanna McFarland General Manager of their Consumer Finance Group. Joanna had led the Consumer Cards Business Unit at OneWest Bank, where she "managed the Lakers’ Affinity Card programs and launched the MAGIC by Magic Johnson Prepaid MasterCard". Read more in the Business Wire press release.
The Hartford appointed Patricia A. McEvoy Chief Ethics and Compliance Officer. Patricia had been vice president and assistant general counsel in the corporate and property and casualty litigation unit at The Hartford. See Business Wire press release.
Deutsche Bank appointed Susan Skerritt Regional Head Americas for their Global Transaction Banking division. Susan had been Executive Vice President and Global Head of Business Strategy and Market Solutions, Treasury Services at BNY Mellon. Read more in the Business Wire press release.
Prudential Financial, Inc. (NYSE:PRU) appointed Lori Dickerson Fouché President and Chief Operating Officer of Prudential's "Group Insurance Business". Lori had been President and CEO of Fireman’s Fund Insurance Company. Read more in the Business Wire press release.
KeyCorp (NYSE: KEY) appointed Maria Teresa Tejada Chief Credit Officer. Maria had been Managing Director responsible for risk underwriting in Europe, Middle East and Africa at Goldman Sachs. Read more in the prnewswire press release.
Don't be fooled by the new report which shows women gaining jobs. "The Labor Department said Friday that the economy added 175,000 jobs in May, with nearly half going to women". The problem is that half of the job growth for women so far in 2013 was in low-wage positions. At Newsonwomen, I have seen this in spades, searching day after day for good jobs being given to women by big companies and finding only half the number I found last year, a huge and disappointing drop. As we celebrate (or should I say mourn) the 50th anniversary of the equal pay act, women are still being paid less than men. Solutions are closer today than ever before but require action on the part of companies. It's not going to just happen.
I'll continue to post recent job appointments and hope companies will start appointing more women. Here are a few:
Virtual Piggy, Inc. (OTCBB: VPIG), the company founded by CEO Dr. Jo Webber (pictured left) that helps young people manage their money decisions,
appointed Rika Nakazawa (pictured right) Vice President of Business Development. Rika had been Vice President of Strategic Partnerships and Business Development at American Express. Read more in the Business Wire press release.
Union Bank appointed Ranjana B. Clark Senior Executive Vice President and Head of Global Treasury Management. Ranjana had been Chief Customer and Marketing Officer at PayPal, and before that was Executive Vice President and Head of Global Strategy at The Western Union Company. Read more in the Business Wire press release.
Cigna Corporation appointed Lisa Bacus Global Chief Marketing Officer. Lisa, who holds an MBA from Duke, had been Executive Vice President and Chief Marketing Officer at American Family Insurance. Read more in the Business Wire press release. Meet Lisa:
The Hartford appointed Susan L. Johnson Vice President of Diversity and Inclusion. Susan had been Vice President of Executive Succession and Diversity Strategies at Pitney Bowes. Read more in the Business Wire press release.
Fifth Third Bancorp (FITB) appointed Maria Veltre Senior Vice President and Chief Marketing Officer. Maria had been Managing Director and Chief Marketing Officer for Small Business at Citibank. Read more in the Business Wire press release.
Prudential Financial, Inc. (NYSE: PRU) appointed Royanne Doi their corporate Chief Ethics Officer and will head of the company’s Global Business Ethics & Integrity Office. Royanne had been chief legal officer at Prudential of Japan. Read more in the Business Wire press release.
Neuberger Berman appointed Susan Kasser Managing Director and Head of Private Debt at Neuberger Berman Alternatives. Susan had been with The Carlyle Group and founding member of Carlyle Mezzanine Partners, and before that, Goldman Sachs. Read more in the prnewswire press release.
Eve Ellis of the Morgan Stanley Wealth Management Division is creating the "Parity Portfolio", a portfolio that invests in companies that commit to having women on their Board of Directors. Read more about it on nytimes.com.
Deloitte appointed Sheila T. Smith Restructuring Services Leader for the Americas. Sheila is Region Principal, Deloitte Financial Advisory Services and the co-leader of Deloitte FAS' Corporate Restructuring Group in the U.S. Read more in the prnewswire press release.
Eileen C. McDonnell (pictured), President and CEO of The Penn Mutual Life Insurance Company, announced Susan T. Deakins will be Senior Vice President and Chief Financial Officer 0f Penn Mutual Life. Susan had been the company's Chief Actuary. Read more in the prnewswire press release.
New York Life appointed Cara-Anne Gagliano Senior Vice President, Technology in the Insurance Group, in charge of "information technology strategy and all application development for life products". Cara-Anne had been Global COO for equities technology at Nomura Securities. Read more in the Business Wire press release.
Chase appointed Thasunda Brown Duckett CEO of their Auto Finance, part of their Consumer & Community Banking division. Thasunda, who holds an MBA from Baylor University, had previously served as national retail sales executive for Chase’s Mortgage Banking division. Read more in the Business Wire press release.
TD Bank appointed Nandita Bakhshi Executive Vice President and Head of Retail Distribution and Products. Before joining TD Bank, Nandita had been EVP of Consumer Deposits and Payments at Washington Mutual (now JP Morgan Chase). See prnewswire press release.
Aetna (NYSE: AET) appointed Nancy Ham Chief Executive Officer of Medicity, their provider of health information exchange technology for hospitals and physicians. Nancy had previously been CEO at MedVentive, the performance analytics company for accountable care organizations and payers. Read more in the Business Wire press release.