WOMEN BUSINESS LEADER PROJECT REPORT
MARY A. LASCHINGER
Educational background
She was born in 1959 and grew up in Arkansaw, winconsin. Mary Laschinger studied bachelor’s degree of business administration in university of Wisconsin Madison and did her postgraduate studies at Northwestern University. She also pursued master’s degree in business administration in university of Connecticut.
Career history
She began her career in James River Corporation and joined Kimberly Clark Corporation before proceeding total renal care in January 1992 to December 1999. Mary Laschinger was worked with international paper company from January 1999 to July 2009 where she continuously rose up the ranks from general manager to the senior vice president. She later joined Xpedx as the president before becoming the Chief executive Officer of Veritiv Corporation.
Veritiv Corporation
The firm is leading North American Distributing Company. The company deals in packaging, cleaning and publishing products. Also, provide supply and management services. The company owns about 150 operating centers and employed 8900 members. The company recorded revenue of $8696.2 with margin of 4.0%from the previous year. However, the profits of the company were -$15.7m dollars. The total stake holder’s equity was $543.1milion and assets amounted to $2529.7 million. The profits percentage of revenue was recoded to be -0.2%. The company has partnership with the junior’s achievement which aims at provision of the business knowledge to the young people. The company joins hands with American Red Cross to help areas with affected by the natural disasters.
Board of directors
Veritiv Corporation has two other female directors: Shantella cooper and Tracy Leinbach out of ten members which make up 3/10 of the membership.
PENNY PENNINGTON
She was born in 24 October 1963 Nashville, Tennessee. After high school, she joined university of Virginia to study bachelor’s degree in commerce and later joined Kellogg school of management for her MB. Currently, she is married with two children
Career path
Penny began her career in Edward jones in 2000as financial advisor in Livonia Michigan. In the year 2006, she was named principal and transferred to the headquarters where she hone her leader ship roles and joined the board membership as head of the client strategies group overseeing products and services delivery to the consumer in 2015.
Edward jones
The company was previously ranked 376 in the fortune 500. The company experienced a revenue change of 13.15 translating to $8594. The profits of the company for the year were $990million. The assets amounted to $15815.0. Further, the company has employed 4700 individuals. The board membership comprise of 2 women making up to 25% of the total members.
JOEY WAT
She was born in 1971 in Fujian, China. She joined Hong Kong University for bachelor’s degree and pursued MBA in university of northwestern Kellogg school of management.
Career path
Joey wat began her career as a consultant in A.T Kearney and joined Mckinsey Company as management consultant in 2000. In the year 2004, Joey became the head of strategy in 10 Europe countries and managing director in A.S Watson Group in UK. In September 2014, she joined Yum China as president. In the year 2018, she became the chief executive officer.
Yum china
Yum china is fast food restaurant operating in Shanghai, china. The company recorded revenue of $8415 million. The profits were and percent change in profits was $708 million. The total employees are 450,000. The board of directors consists of 2 women out of 12 members.
TERESA RASMUSSEN
Teresa pursued her bachelor’s degree in Minnesota State university and joined university of North Dakota for her JD.
Career path
She began her career in amerprise financial and American express company. Terry became trial attorney in the United States department of justice in 1984.later, joined Thrivent Financial for Lutherans in 2005. She continued to grow in thriven where she became senior vice president, secretary and general council. In 2008, she became secretary in art walker center Inc. in 2018 and came to Thrivent in October 2018 where she then became the chief executive officer.
Thrivent financial
The company offers insurance annuities, mutual funds and other funds in United States. From last year’s financial year, the company recorded revenue of $8635.2 million. The profits for the year were $1233.9 million. The assets amounted to $94482.9 million and total stockholders’ equity was $9129.6 million. The board of directors and executive management consist of 10 women out of 20 members which translate to 50%.
MICHELE BUCK
Michele buck studied her bachelor’s degree in Shippensburg University and pursued master’s degree in university of North Carolina system.
Career path
She began her career as executive vice president and chief operating officer in Hershey Company in the year 2016. She later became president and chief executive officer in the same company.
Hershey Company
The company is a multinational firm manufacturing chocolates and baked products. The company has been running since 1894. In last year’s financial year, it recorded profits of 24.7 million. The total assets amounted to $151.9 million and total employees of the company are 4,713. The company has 4 women out of 12 in the boards of directors translating to about a third.
BETH E. MOONEY
She was born in the year 1955 in midland united states and joined university of Texas for her bachelor’s degree in history and MBA from southern Methodist university in 1983.
Career
She began her career as bank secretary in national bank of Houston in 1977. In 1979 she secured a job in republic bank of Dallas after refusing to leave. Beth later joined KeyCorp as vice chairman and head in 2006 and was promoted to president in 2010. She left KeyCorp and currently, she is treasurer in musical arts.
KeyBank
During her leadership the company recorded revenue of $5422 and profits of $791 with total employees of 15,700. The number of women in the board of directors is 4 out of 15 members.
PATTERNS OBSERVED
When the women took over the leadership of the ,multinational organizations the all increase performance in terms of profitability for instance Michele took over from john Bilbey due to her outstanding performance. Also, the number of the women in the board of directors are increasing dramatically and consequentially we see that company is thriving for instance the Thrivent financial has 50% of the women in management and the company is performing well.
LESSONS TO THE WOMEN BEGINNING CAREERS
The women in the analysis built their careers from scratch and even defy odds for instance Beth Mooney managed to secure a job in Republic of Dallas after being denied the chance and she proved the management wrong. The ladies who are just beginning their careers they should learned that they are capable of being success. Michele made a lot of inventions which shows women can do better. Also, ladies shows keep focus to the dreams is surely they will achieve them.
LESSONS TO MEN
Men should give women chances since they are capable. The management of organization is not only for the men. The slots should be given ladies since they are surely able to perform. Also, to society that are prone of gender inequality denying educational and leadership roles to women should learn from the above CEO that a girl is equal capable likely a boy child.
References