s 2018 GLOBAL GENDER BALANCE SCORECARD

APRIL 2018 Retail, Food and Drug Stores Top 20: Women Still Left on the shelf At 20-first we believe the best measure of progress towards gender-balanced businesses is the make-up of executive top teams rather than Boards. Here we report on the Top 20 Retail, Food & Drug Stores from the Fortune Global 500.

Key Findings % Men and Women on Executive Committees of Top 20 Retail, Food and In 2018 there are 155 men and 34 women in the top Drug Stores teams of the 20 leading retail, food & drug stores. Globally this shows no change in percentage of female 2014 2018 executives on top teams at 18%. Regionally the US is also static with 22% women, although for the first time over half are in line roles. Sadly, both the number and percentage of women on the Executive Committees of European companies on the list has fallen. Out of 53 senior executives, just 6 are women and all in traditional staff roles such as HR, Legal and Communications. Thanks to two Australian companies - Wesfarmers and Woolworth - Asia-Pacific shows improved numbers, from 4% to 17%, though again mostly in staff roles. Congratulations to Best Buy, Walgreens Boots and Target, with 40%, 38% and 36% female top executives respectively. But it is depressing that in 2018 over half the Top 20 have either one or no women in their top teams. 18% 82% 18% 82%

Our Rankings Survey Methodology The Top 20 companies on the following pages are segmented into one of the following The data for this survey is based on four phases: information provided by companies listed in the 2017 Fortune Global 500. Data is taken Asleep. No women on the EC, in either staff or line roles. Some companies may have from websites and annual reports, as of a weak succession pool with little prospect of bringing women on to the EC within 3-5 February 2018. The Executive Committee years. is defined as the CEO and executives who Starting. One woman on the EC. A bonus point if she’s in a line or significant P&L role. report directly to the CEO, or as defined Staff roles (HR, Legal,Communications) are important, but rarely lead to the very top. by each company. Some companies list a broader group of ‘Top Leadership’. Where Progressing. Two voices are stronger than one. With two female voices on the EC, this is the case clarification has been particularly in line roles, it’s less easy, consciously or not, to see them as ‘the token requested from companies, and if no reply woman’. is received we use our best judgement to Critical Mass. With three or more women on the EC, their contribution becomes a identify reportees to the CEO, based on job norm. High EC numbers may promise a strong talent pool coming up. title and role.

20-first research analyses progress on gender balance in the top companies of a number of industry sectors, as well as across the top 100 companies of the Fortune Global 100. For more, go to https://20-first.com/gender-research

Info: [email protected] 20-first © 2018 |www.20-first.com 2018 Global Gender Balance Scorecard – Focus on Retail, Food & Drug Stores

Staff or support roles include Communications, HR, Legal, IT, Strategy, Public Policy, etc. 20–first’s Gender Balance Scorecard: Line or operational roles include CEO, CFO, Country Head, Business Unit Head, etc. Focus on Retail, Food & Drug Stores Executive Committee Best Buy = Line = Staff Hubert Joly 4

Critical Mass 6 Executive Committee Target = Line = Staff Brian Cornell 4

Critical Mass 7 Executive Committee Woolworths = Line = Staff Brad Banducci 4

Critical Mass 11 Executive Committee Walgreens Boots Alliance = Line = Staff Stefano Pessina 3

Critical Mass 5 Executive Committee Home Depot = Line = Staff Craig Menear 3

Critical Mass 7 Executive Committee Wesfarmers = Line = Staff Rob Scott 3

Critical Mass 9 Executive Committee Tesco = Line = Staff David Lewis 3

Critical Mass 9 Executive Committee George Weston = Line = Staff Galen Weston 2

Progressing 7 Executive Committee Lowes = Line = Staff Robert Niblick 2

Progressing 9 Executive Committee Walmart = Line = Staff Doug McMillon 1

Starting 4

Info: [email protected] 20-first © 2018 |www.20-first.com 2018 Global Gender Balance Scorecard – Focus on Retail, Food & Drug Stores

20–first’s Gender Balance Scorecard: Staff or support roles include Communications, HR, Legal, IT, Strategy, Public Policy, etc. Focus on Retail, Food & Drug Stores Line or operational roles include CEO, CFO, Country Head, Business Unit Head, etc. Executive Committee Royal Ahold Delhaize = Line = Staff Dick Boer 1

Starting 8 Executive Committee Albertsons Cos. = Line = Staff Robert Miller 1

Starting 9 Executive Committee J Sainsbury = Line = Staff Mike Coupe 1

Starting 9 Executive Committee Carrefour = Line = Staff Alexandre Bombard 1

Starting 13 Executive Committee AEON = Line = Staff Motoya Okada 1

Starting 14 Executive Committee Auchan Holding = Line = Staff Wilhelm Hübner 0

Asleep 3 Executive Committee Seven & I Holdings = Line = Staff Ryuichi Isaka 0

Asleep 5 Executive Committee Kroger = Line = Staff Rodney McMullen 0

Asleep 5 Executive Committee Metro = Line = Staff Olaf Koch 0

Asleep 6 Executive Committee Costco = Line = Staff Craig Jelinek 0

Asleep 10

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