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Spotlight on women directors.

Almost half of the leading U.S. companies still do not have a woman serving as a corporate director, according to a recent census of the Fortune Industrial 500 and Service 500 companies. The board survey was done by Catalyst, the not-for-profit New York-based research organization that works with business to effect change for women. The exhibit on the facing page highlights additional findings of the Catalyst survey. Below, we spotlight a selection of women executives who were recently elected corporate directors.

The Home Depot, America's largest home center retailer, elected M. Faye Wilson to its board. Wilson is executive vice president of Security Pacific Corp. She joined the bank in 1977. Her professional relationship with Home Depot began in 1982, while she headed the corporate lending unit at Security Pacific National Bank. She worked with Home Depot's CFO, Ron Brill, to secure early financing. "During those early days, you had to believe very solidly in Home Depot's business plans, talents, and the integrity of the people," she says. "They work smart and possess a quality of honesty that makes bankers sleep better at night." Atlanta-based Home Depot currently operates 177 full-service warehouse-sized home center stores in 15 states.

Paula Stern, president of an economic analysis and trade advisory group and former chairwoman of the International Trade Commission, was elected to the board of Westinghouse Electric Corp. Dr. Stern is president of The Stern Group, Washington, D.C., which advises private businesses and government on trade issues that affect their competitiveness in the international economy. She is also a fellow at the Foreign Policy Institute of Johns Hopkins University's School of Advanced International Study. During her years with the ITC, as a commissioner of the 500-person agency beginning in 1974 and as chairwoman from 1984 to 1986, she analyzed and voted on more than 1,000 trade cases involving a broad range of industries and problems. She is also a member of the board of Scott Paper Co. and Dynatech Corp. Says Westinghouse Chairman Pual Lego, "Dr. Stern brings an exceptionally broad range of experience, particularly in international business and global competitivenss."

Spec's Music Inc., the largest specialty retailer in Florida of prerecorded music and video products, named Cynthia Cohen Turk as a director. Turk is founder and president of Marketplace 2000, a consulting firm serving consumer industries. Her areas of expertise include market strategy and positioning, merchandising organization and system, retail operations, market research, and image management. She is one of the leading national experts on electronic marketing applications. She has provided retail consulting services to Spec's Music in past years. The Miami-based company operates 57 stores in Florida and one store in Puerto Rico.

Avon Products Inc. elected Remedios Diaz Oliver to its board. She is president and CEO of All American Containers Inc., Miami, which sells and distributes glass, plastic, and metal containers and closures in the U.S., Europe, Africa, and Australlia. Avon is the world's leading direct seller and marketer of beauty and related products, with $3.6 billion in annual revenue. It markets its products to women in more than 100 countries through 1.5 million independent representatives. It is also the world's largest manufacturer of fashion jewelry, and markets and extensive line of gifts and collectibles.

Sports broadcaster Ann E. Meyers has joined the board of L.A. Gear Inc., the designer, developer, and marketer of athletic and casual footwear. She was a professional basketball player prior to her broadcasting career. A graduate of UCLA, she was a basketball All-American from 1975 to 1978, was named UCLA Athlete of the Year and Oustanding Basketball Player in 1978, and was the No. 1 player drafted in the Women's Professional Basketball League. The following year she signed as a free-agent with the NBA Indiana Pacers -- the only woman athlete with this distinction. She started broadcasting in 1979, and currently works as a sports commentator for a number of broadcasting concerns, including ESPN, Sportschannel, and ABC.

Fleet Financial Group, the diversified financial services company based in Providence, R.I., elected Ruth R. McMullin to its board. McMullin is acting president and CEO of the Harvard Business School Publishing Group, which includes all Harvard Business School publishing activities: Harvard Business Review, the Harvard Business School Press, HBS video programs, and HBS teaching materials. From 1987 to 1990, McMullin was with John Wiley & Sons Inc., serving as president and CEO of the publishing and management training company. She also serves on the boards of Bausch & Lomb Inc., UNR Industries, and Middlesex Assurance Co.

Floretta Dukes McKenzie joined the board of Marriott Corp. She is president of the McKenzie Group, an educational consulting firm based in Washington, D.C. Prior to starting her firm, she served as superintendent of the District of Columbia Public Schools from 1981 to 1988, and she has held numerous other positions in education, including deputy assistant secretary of the U.S. Department of Education. "With her credentials in education and her experience managing an organization that has served broad public constituencies, she will provide valuable perspective," says J.W. Marriott Jr., chairman and president of the Washington-based international hospitality company with operations in lodging and contract services.

Another hotelier, Hilton Hotels Corp., added Donna F. Tuttle to its board. Tuttle, who served as U.S. Deputy Secretary of Commerce during the Reagan administration, is president of Korn Tuttle Capital Group Inc., a consulting and investment firm. She also heads her own travel and tourism consulting and public relations firm in Los Angeles. Previously, she was chairman and CEO of Ayer Tuttle, the western division of NW Ayer, the international advertising and public relations agency. She currently serves on the Secretary of Commerce's Travel and Tourism Advisory Board.

Joining the board of Dial Corp. is Linda Johnson Rice, president and chief operating officer of Johnson Publishing Co. Inc., the publisher of Ebony and other magazines. She is also a director of Bausch & Lomb Inc. and Continental Bank Corp. Phoenix-based Dial is a diversified consumer products and services company with many leading brands in the personal care, household, and food product areas.

Information America, Atlanta, elected Jacquelyn McCluney Ward as a director. Ward is chief executive officer of Computer Generation Inc., a world-wide provider of turnkey telecommunications systems for the telephone industry. She is also a director of Home Nutritional Services Inc. and Southern Bank Group Inc. Information America provides attorneys, other legal professionals, banks, government entities, and private investigative firms with online information needed for commercial transactions and business litigation.

Donna Ecton, president and CEO of Van Houten North America Inc., a confectionary products business, joined the board of Vencor Inc. The first woman president of cloth the Executive Council of the Harvard Business School Alumni Association and the Harvard Business School Club of New York, Ecton was senior vice president of NutriSystem Inc. from 1989 to 1991. Prior to joining NutriSystem, she was an officer of Campbell Soup C., and has held management positions with Citibank and Chemical Bank. Vencor, of Louisville, Ky., owns or leases a network of hospitals specializing in care for patients who suffer from catastrophic illness that often requires lengthy hospital stays.

Lindy Boggs joined the board of The Delta Queen Steamboat Co. The 76-year-old "Mrs. Hale" Boggs is a former congresswoman from Louisiana. She served in the U.S. House of Representatives from 1973 through 1990. Headquartered in New Orleans, Delta Queen Steamboat is the only provider of overnight paddle wheel-driven steamboat cruises in North America.

1991 Census of Women Directors

Number of Women on Corporate Boards: 451. There are 114 women who serve on more than one board. The number of boards on which this group serves ranges from two to eight.

Number of Companies With Women Board Members: 519. The service companies surpass industrial companies in board representation of women: 60% of service companies have women directors, in contrast to 44% of industrial companies.

Number of Women on Boards of Top 10 Industrial and Top 10 Service Companies: 34. The industrials have 18 women directors; Philip Morris leads the group with four, and the majority of the others have two. The service companies have 16 women directors; Sears Roebuck and Metropolitan Life lead with three women directors each and the others have either one or two.

Number of Companies With More Than One Woman Director: 133. Mutual of America and US WEST, both service companies, lead the group with five women directors each. Three companies (one service and two industrial) have four each, 15 companies (seven industrial and eight service) have three each, and 113 companies have two women directors each.

Number of Directorships Held by Women: 679. These directorships are categorized by industry/service sector as follows:
Industrial 287
Service 392
Commercial Banking 86
Utilities 63
Life Insurance 53
Diversified Services 51
Retailing 43
Diversified Financial 42
Savings Institution 30
Transportation 24
COPYRIGHT 1992 Directors and Boards
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Title Annotation:Welcome to the Board
Publication:Directors & Boards
Date:Jun 22, 1992
Previous Article:Give directors restricted stock.
Next Article:Directors: step up to your responsibilities.

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