Spotlight on the Data

THE NETWORK 2009 CENSUS INSIDE THE REPORT

Spotlight on the Data Summary Letter 1

Chicago 50 Census Data 2

Women of Color Data 5

Methodology 8

Acknowledgements Inside Back Cover

The Chicago Network is an organization of Chicago’s most distinguished professional women. Now in its 31st year, The Network creates empowering relationships for women leaders that enable its members to increase their impact on their organizations and the community at large through peer networking, mutual support and issue awareness. Today, its more than 400 members are the leading women of Chicago’s business, professional, cultural, nonprofit and educational communities.

Connecting Chicago’s Women Leaders www.thechicagonetwork.org DEAR FRIENDS: MEASURING CHANGE

th As we mark our 12 year monitoring the progress of The numbers matter. Women directors, for instance, women in the executive suites, board rooms and as influence the number of operating positions held by top earners at Chicago’s 50 largest publicly reporting women, a key rung on the ladder for upward mobility, companies, the spotlight is on the data. This year, we according to a Catalyst research report.2 The study are pleased to be publishing The Chicago Network’s also notes a link between higher numbers of women 2009 Census online, in keeping with evolving directors and future women corporate officers. The technology and readership trends. This electronic number of women leaders is linked to economic edition of the Census, along with a new section of The growth. Consider the sheer spending power of women Chicago Network’s website, titled “The Advancement — a $13 trillion market in 2009, rising to $18 trillion of Women,” will allow readers to search the data we’ve in 2014, according to a September 2009 Harvard collected over the last dozen years, read interviews with Business Review article.3 Studies continue to show the CEOs and civic leaders and determine what action steps connection between diversity and positive economic to take at their own companies. performance.

SPOTLIGHT ON THE DATA The Chicago Network is committed to the progress While the method of presentation has changed, of women in Chicago companies, and we remain unfortunately, the numbers and trends have not. focused on measuring the results. The Census data Year-over-year gains are modest in some areas, while is one vehicle. In addition, we are committed to our the numbers take a downward drift in others. Over the Women on Boards Initiative, which has the dual span of 12 years, even where the arc points upward for purpose of educating CEOs, nominating committee companies with multiple women directors and women chairs and others on the importance of diversity in the executives, the pace of change has stalled out. board room, and of helping identify qualified women for board positions. Our website is a rich resource for There is some good news. The percentage of women information and contacts: www.thechicagonetwork.org. executive officers increased to 14.9% from 14.4%, rising for the second straight year, and the percentage As we see from some early signs that the recession is of women top earners increased to 7.7% from 6%. easing, it is an ideal time for executives and directors to The number of women CEOs in the Chicago 50 reset goals and to stake out leadership positions. With has grown this year to three: Ilene Gordon of Corn more women in the workforce and with our economic Products International, Inc. joins Irene Rosenfeld power rising, a diverse management team and board of Kraft Foods Inc. and Brenda Barnes of Sara Lee room can benefit your customers and strengthen your Corporation. Another plus: five companies — almost financial base. As the old saying goes, the numbers do double the number in 2008 — have boards with indeed tell the story. more than 25% women directors. Two companies are repeat performers — Kraft Foods Inc. and Sara Lee Corporation — and there are three new additions: Services, Jones Lang LaSalle and Corporation. Monica Fohrman Chair, Census Committee But there clearly is reason for concern. The number of The Chicago Network women directors, at 77, shows no increase, and there is a decrease in the overall percentage of women directors in the Chicago 50, from 15% to 14.1%. This is due to the universe of directors growing, and takes us back to the 2007 level. This is below the national average in the Cheryl Francis 1 Fortune 500 of 15.2%. There are now seven Chicago Chair 50 companies, up from six, with no women directors. The Chicago Network Of even bigger concern, the pool for future women leaders is shrinking. Just 14% of all new directors are women, down from 21.3% last year. This is true of executive officers, too, as the percentage of all new executives who are women fell to 21.5% from 24% last year.

Spotlight on the Data 1 CENSUS DATA: THE CHICAGO 5 0

Mixed Results The Chicago Network Census measures the number of women board directors, executive officers and top earners in the 50 largest publicly reporting Chicago companies by revenue, based on 2008 10-K and proxy filings. This year, Census data is mixed. The number of women on boards remained the same as in 2008 at 77. The percentage, however, declined to 14.1%, since the overall number of directors increased. Women in executive officer positions rose by one to 76. The percentage increased to 14.9%, but the number of total executives has decreased. The number of companies with no women board members increased from six to seven, and the number of companies with no women executive officers grew by one to 17. Companies with no women top earners decreased by four in 2009 to 32. In our Top Performers list, four of the five companies with the overall highest representation of women remain the same as a year Percentage of Women Directors Percentage of Women Directors ago. Two companies, Kraft Foods Inc. and Hewitt Associates, Inc., have been in the top five for the last three years. Kraft is the 30 30 Percentage of Women Director28 s companyP witherce ntagethe highest of Women total Director28 percentages of women directors, executive officers and top earners at 32.1%, as it was last year.

2530 This figure,2530 however, is lower than its 37% in 2008. s 28 s 28 nie nie a 2025 Percentage of Women Directors a 2025 Percentage of Women Directors • The percentage of women directors decreased to 14.1% in 2009 from 15% p p s s

m m in 2008, though the absolute number remained the same at 77.

nie 30 nie 30

a 20 a 20 Co 15 28 Co 15 28 p p • This year, five companies — almost double the number in 2008 — have m m 50 50 25 10 25 10 exceeded 25% female representation on their boards. Two companies s s Co 1015 Co 1015 go go 7 continue from last year (Kraft Foods Inc. and Sara Lee Corporation), and nie nie 50 50 ca 7 ca i i a 20 a 20 10 5 the three new additions are Discover Financial Services, Jones Lang LaSalle h 10 5 h p 105 p 105 go go C C and Sears Holdings Corporation. m m 7

ca 7 ca i i

Co 15 Co 15 5 h h

The The • Companies with no women directors in 2009 increased from six to seven. 5 5 5

C 0 C 0

50 0% 1–10% 11–25% Above 25% 50 0% 1–10% 11–25% Above 25% They are CF Industries Holdings, CNA Financial Corporation, LKQ 10 10 10 10 Corporation†, Nalco , †, go go The 0 The 0 7 †

ca 7 ca Sauer-Danfoss and U.S. Cellular Corp. i 0% 1–10% 11–25% Above 25% i 0% 1–10% 11–25% Above5 25% h 5 5 h 5 C C • The seven companies with no women directors had a total of 61 directors.

The The † Companies new to this year’s Chicago 50 0 0 0% 1–10% 11–25% Above 25% 0% 1–10% 11–25% Above 25% Percentage of Women Executives Percentage of Women Executive Officers

20 20 Percentage of Women Executives19 Percentage of Women Executive19 Officers • The percentage of women executive officers increased to 14.9% in 2009 17 17 20 20 from 14.4% in 2008, but is down from our highest percentage of 15.4% in 19 19 2005. 15 17 15 17 Percentage of Women Executives Percentage of Women Executive Officers • The number of companies with greater than 25% women executive officers 15 15 remained the same this year at eight. 20 19 20 19 10 10 • CME Group, Corporation and The Corporation are 17 8 17 8 new to the group. 10 10 6 15 6 15 •  Inc., Corn Products International, Inc., Hewitt 5 8 5 8 6 Associates, Inc., Kraft Foods Inc. and Corporation are 6 represented in 2008 and 2009. 5 5 10 10 The Chicago 50 Companies 0 The Chicago 50 Companies 0 8 • Companies with no women executive officers grew by one to 17 in 2009; 0% 1–10% 11–25% Above8 25% 0% 1–10% 11–25% Above 25% 34% of the Chicago 50 had no women executive officers. 6

The Chicago 50 Companies 6 The Chicago 50 Companies 0 0 5 0% 1–10% 11–25% Above 25% 5 0% 1–10% 11–25% Above 25%

Percentage of Women Top Earners Percentage of Women Top Earners • The percentage of women top earners increased to 7.7% in 2009 from 6% The Chicago 50 Companies 0 The Chicago 50 Companies 0 in 2008. 35 0% 1–10% 11–25% Above 25% 35 0% 1–10% 11–25% Above 25% Percentage32 of Women Top Earners Percentage32 of Women Top Earners • There is one company with more than 25% women as top earners: Hewitt Associates, Inc. 3530 3530 32 32 • Companies with no women top earners decreased by four in 2009 to 32. 25 25 30 Percentage of Women Top Earners 30 Percentage of Women Top Earners • Eighteen companies have women executive officers who are top earners — an increase of four over last year. 352520 17 352520 17 32 32 • Of the six companies new to the Census this year, none had a woman 15 15 3020 3020 17 top earner. They are AptarGroup, CME Group, , LKQ 17 Corporation, Navistar International and Sauer-Danfoss. 251510 251510

5 5 2010 17 1 2010 17 1 The Chicago 50 Companies The Chicago 50 Companies 1550 1550 0% 1–25% 26-50%1 0% 1–25% 26-50%1 The Chicago 50 Companies 100 The Chicago 50 Companies 100 0% 1–25% 26-50% 2 The Chicago Network 20090% Census1–25% 26-50% 5 5 1 1 The Chicago 50 Companies 0 The Chicago 50 Companies 0 0% 1–25% 26-50% 0% 1–25% 26-50% Top Census Performers – Ranked by Total Percentage*

Rank Company Women Directors Women Women Total Executive Top Earners Officers # % # % # % % 1 Kraft Foods Inc. 4 40.0% 4 36.4% 1 20.0% 32.1% 2 Hewitt Associates, Inc. 2 20.0% 5 29.4% 2 33.3% 27.6% 3 The Allstate Corporation 2 20.0% 4 30.8% 1 25.0% 25.3% 4 Baxter International Inc. 2 15.4% 5 38.5% 1 20.0% 24.6% 5 Corn Products International, 2 20.0% 3 33.3% 1 20.0% 24.4% Inc.

• Kraft Foods Inc., Hewitt Associates, Inc., Baxter International Inc. and Corn Products International, Inc. maintained their hold on the list from last year; The Allstate Corporation is new. Kraft was also #1 in each of the last three years. • The highest total percentage (directors, executive officers and top earners) last year in the top performers list was 37%, while this year it is 32.1%.

Bottom Census Performers – Ranked by Total Percentage*

Rank Company Women Directors Women Women Total Executive Top Earners Officers # % # % # % %

46 Incorporated 1 7.7% 0 0.0% 0 0.0% 2.6%

47 CNA Financial Corporation 0 0.0% 0 0.0% 0 0.0% 0.0%

47 LKQ Corporation 0 0.0% 0 0.0% 0 0.0% 0.0%

47 Sauer-Danfoss 0 0.0% 0 0.0% 0 0.0% 0.0% 47 U.S. Cellular Corp. 0 0.0% 0 0.0% 0 0.0% 0.0%

• Four companies had no women directors, executive officers, or top earners – CNA Financial Corporation, LKQ Corporation, Sauer-Danfoss and U.S. Cellular Corp. • CNA Financial Corporation is on this list for the third straight year. • Eleven companies have only one woman director or executive officer, the same as last year. Eight companies have had only one woman director for the past two years: CF Industries Holdings, Molex Incorporated, Nalco Holding Company, Old Republic International Corporation, Packaging Corp of America, Corporation, Inc. and Unitrin, Inc.

* Total percentage calculated as the average of the percentage of women directors, percentage of women executive officers and percentage of women top earners

Spotlight on the Data 3 THE CHICAGO 5 0 – Ranked by Revenue BOARD OF DIRECTORS AND EXECUTIVE OFFICERS DIRECTORS EXECUTIVES Rank Company Total Women % Women Total Executive Women Executive % Women Directors Directors Directors Officers Officers Executive Officers 1 The Company 9 1 11.1% 12 1 8.3% 2 Walgreen Co. 10 2 20.0% 26 6 23.1% 3 Sears Holdings Corporation 7 2 28.6% 10 0 0.0% 4 Kraft Foods Inc. 10 4 40.0% 11 4 36.4% 5 Motorola, Inc. 13 1 7.7% 8 1 12.5% 6 13 2 15.4% 18 3 16.7% 7 The Allstate Corporation 10 2 20.0% 13 4 30.8% 8 McDonald’s Corporation 14 3 21.4% 12 2 16.7% 9 UAL Corporation 10 1 10.0% 5 1 20.0% 10 Exelon Corporation 16 2 12.5% 11 3 27.3% 11 Tool Works Inc. 10 2 20.0% 16 2 12.5% 12 Navistar International 10 0 0.0% 10 1 10.0% 13 Integrys Energy Group 13 3 23.1% 11 1 9.1% 14 Sara Lee Corporation 13 4 30.8% 9 2 22.2% 15 Baxter International Inc. 13 2 15.4% 13 5 38.5% 16 R.R. Donnelley & Sons Company 9 2 22.2% 6 1 16.7% 17 NiSource Inc. 11 2 18.2% 10 2 20.0% 18 Aon Corporation 14 2 14.3% 12 2 16.7% 19 OfficeMax Incorporated 8 2 25.0% 5 1 20.0% 20 CNA Financial Corporation 8 0 0.0% 5 0 0.0% 21 Fortune Brands, Inc. 10 2 20.0% 7 0 0.0% 22 Discover Financial Services 11 3 27.3% 8 2 25.0% 23 Smurfit-Stone Container Corporation 9 1 11.1% 13 1 7.7% 24 W.W. Grainger, Inc. 13 1 7.7% 10 1 10.0% 25 International Inc. 13 1 7.7% 8 1 12.5% 26 Tenneco Inc. 10 1 10.0% 10 0 0.0% 27 Northern Trust Corporation 14 2 14.3% 11 4 36.4% 28 Telephone & Data Systems 12 2 16.7% 10 0 0.0% 29 United Stationers Inc. 9 1 11.1% 14 2 14.3% 30 10 2 20.0% 11 0 0.0% 31 USG Corporation 9 1 11.1% 15 3 20.0% 32 U.S. Cellular Corp. 9 0 0.0% 7 0 0.0% 33 Nalco Holding Company 7 0 0.0% 10 1 10.0% 34 Corn Products International, Inc. 10 2 20 0% 9 3 33 3% 35 CF Industries Holdings 8 0 0.0% 9 1 11.1% 36 Nicor Inc. 13 2 15.4% 10 2 20.0% 37 Hospira, Inc. 10 2 20.0% 8 0 0.0% 38 Pactiv Corporation 8 1 12.5% 6 0 0.0% 39 General Growth Properties, Inc 7 1 14.3% 8 1 12.5% 40 Molex Incorporated 13 1 7.7% 11 0 0.0%

41 Old Republic International Corporation 12 1 8.3% 8 0 0.0% 42 Hewitt Associates, Inc. 10 2 20.0% 17 5 29.4% 43 Unitrin, Inc. 10 1 10 0% 5 0 0.0% 44 Jones Lang LaSalle 10 3 30.0% 12 2 16.7% 45 CME Group 32 2 6.3% 14 5 35.7% 46 Packaging Corp of America 7 1 14.3% 6 0 0.0% 47 Equity Residential 9 1 11.1% 8 0 0.0% 48 Sauer-Danfoss 10 0 0.0% 9 0 0.0% 49 AptarGroup 10 1 10.0% 6 0 0.0% 50 LKQ Corporation 9 0 0.0% 6 0 0.0% Total 545 77 14.1% 509 76 14.9% 4 WOMEN OF COLOR

For the fifth year, The Chicago Network looked at women directors and executive officers who are women of color. This year, we have information for all 46 companies in the Chicago 50 that have women directors or executive officers. Results are mixed, but the overall percentages remain small. Just 2.7% of all directors are women of color, down from 3.1% last year and from 3.5% in 2007; 1.8% of all executive officers are women of color, up from 1.6% last year and 1.3% in 2007.

Women Directors • Across the Chicago 50, 19.5% of women directors Women as a Percentage Women of Color as a Percentage are women of color, down from 20.5% in 2008. of Total Directors of Women Directors Women Directors14.1% 19.5% • This year, there are 15 directors who are women Women Women of Color of color, the same number as last year. Women as a Percentage Women of Color as a Percentage of Total Directors of Women Directors • 2.7% of all directors are women of color. 14.1% 19.5% Women Women of Color

Not Women of Color 80.5%

Not Women of Color Women Executive Officers 80.5%

Women as a Percentage Women of Color as a Percentage of Total Executives of Women Executives Women Executive14.9% Officers 11.8% Women Women of Color • Across the Chicago 50, 11.8% of women executive Women as a Percentage Women of Color as a Percentage of Total Executives of Women Executives officers are women of color, up from 11% in 2008. 14.9% 11.8% • This year, there are nine women of color, up from Women Women of Color eight last year. • 1.8% of all executive officers are women of color. Not Women of Color 88.2%

Not Women of Color 88.2%

Once again, Chicago is lagging behind the national average. In the most recent Catalyst study 4, women of color made up 3.2% of Fortune 500 boards in 2008, representing slightly more than one-fifth of women directors. This is up from 3% in 2007. Of these, 63.4% were African American, 24.4% Latina, 11.6% Asian and 0.6% other minorities. The pace of change continues to be slow. Study after study links a more diverse workforce to better financial performance. Those companies who recognize the opportunity — and take action — will outperform their peers.

Spotlight on the Data 5 THE CHICAGO 5 0

WOMEN DIRECTORS, EXECUTIVE OFFICERS AND TOP EARNERS Rank Company Directors Executive Officers 1 The Boeing Company Linda Z. Cook Wanda K. Denson-Low 2 Walgreen Co. Nancy M. Schlichting Sona Chawla Marilou M. von Ferstel Kimberly L. Feil Debra M. Ferguson Dana I. Green * Mia M. Scholz Denise K. Wong 3 Sears Holdings Corporation Ann N. Reese Emily Scott 4 Kraft Foods Inc. Myra M. Hart Karen J. May Lois D. Juliber Irene B. Rosenfeld * † Irene B. Rosenfeld * Jean E. Spence Deborah C. Wright Mary Beth West * 5 Motorola, Inc. Judy C. Lewent Karen P. Tandy 6 Abbott Laboratories Roxanne S. Austin Heather L. Mason W. Ann Reynolds Laura J. Schumacher * † Mary T. Szela 7 The Allstate Corporation Judith A. Sprieser Catherine S. Brune * Mary Alice Taylor Judith P. Greffin Michele C. Mayes * † Joan H. Walker * 8 McDonald’s Corporation Susan E. Arnold Mary N. Dillon Jeanne P. Jackson Gloria Santona * Sheila A. Penrose * 9 UAL Corporation Mary K. Bush Kathryn A. Mikells † 10 Exelon Corporation Sue L. Gin * Ruth Ann Gillis * Rosemarie B. Greco Elizabeth A. Moler Andrea L. Zopp * 11 Inc. Susan Crown * Sharon M. Brady Pamela B. Strobel * Jane L. Warner * 12 Navistar International Phyllis E. Cochran 13 Integrys Energy Group Pastora San Juan Cafferty Diane L. Ford Ellen Carnahan * Kathryn M. Hasselblad-Pascale 14 Sara Lee Corporation Brenda C. Barnes * Brenda C. Barnes * † Crandall C. Bowles Margaret M. Foran Laurette T. Koellner Rozanne L. Ridgway 15 Baxter International Inc. Gail D. Fosler Joy A. Amundson † Carole J. Shapazian Susan R. Lichtenstein * Jeanne K. Mason Karenann K. Terrell Cheryl L. White 16 R.R. Donnelley & Sons Company Judith H. Hamilton Suzanne S. Bettman * † Susan M. Ivey 17 NiSource Inc. Deborah S. Parker Carrie J. Hightman * Carolyn Y. Woo Eileen O’Neill Odum † 18 Aon Corporation Gloria Santona * Christa Davies * † Carolyn Y. Woo Kathryn Hayley * 19 OfficeMax Incorporated Dorrit J. Bern Deborah A. O’Connor † Francesca Ruiz de Luzuriaga 20 CNA Financial Corporation 21 Fortune Brands, Inc. Ann F. Hackett Anne M. Tatlock

6 The Chicago Network 2009 Census Rank Company Directors Executive Officers 22 Discover Financial Services Mary K. Bush Kathryn McNamara Corley Cynthia A. Glassman Diane E. Offereins * † E. Follin Smith 23 Smurfit-Stone Container Corporation Connie K. Duckworth * Susan M. Neumann 24 W.W. Grainger, Inc. V. Ann Hailey Nancy A. Hobor 25 Anixter International Inc. Linda Walker Bynoe Nancy C. Ross-Dronzek 26 Tenneco Inc. Jane L. Warner * 27 Northern Trust Corporation Linda Walker Bynoe Sherry S. Barrat * † Susan Crown * Aileen B. Blake Jana R. Schreuder Joyce St. Clair 28 Telephone & Data Systems Prudence E. Carlson Letitia G. Carlson 29 United Stationers Inc. Jean S. Blackwell Barbara J. Kennedy Victoria J. Reich † 30 Brunswick Corporation Anne E. Bélec Cambria W. Dunaway 31 USG Corporation Judith A. Sprieser Marcia S. Kaminsky * Karen L. Leets Jennifer F. Scanlon 32 U.S. Cellular Corp. 33 Nalco Holding Company Mary Kay Kaufmann 34 Corn Products International, Inc. Karen L. Hendricks Cheryl K. Beebe * † Barbara A. Klein * Kimberly A. Hunter Mary Ann Hynes * 35 CF Industries Holdings Wendy S. Jablow Spertus 36 Nicor Inc. Brenda J. Gaines Claudia J. Colalillo † Georgia R. Nelson * Karen K. Pepping 37 Hospira, Inc. Barbara L. Bowles * Connie R. Curran 38 Pactiv Corporation Mary R. Henderson 39 General Growth Properties, Inc Beth Stewart Sharon Polonia † 40 Molex Incorporated Michelle L. Collins * 41 Old Republic International Corporation Fredericka Taubitz 42 Hewitt Associates, Inc. Cheryl A. Francis * Julie S. Gordon † Michele M. Hunt Tracy Keogh Mary K. Moreland Kristi A. Savacool * † Richele A. Soja 43 Unitrin, Inc. Ann E. Ziegler * 44 Jones Lang LaSalle DeAnne Julius Lauralee E. Martin * † Lauralee E. Martin * Nazneen Razi Sheila A. Penrose * 45 CME Group Jackie M. Clegg Kathleen M. Cronin * Terry L. Savage * Jill Harley Julie Holzrichter Hilda Harris Piell Kimberly S. Taylor 46 Packaging Corp of America Cheryl K. Beebe * 47 Equity Residential Sheli Z. Rosenberg * 48 Sauer-Danfoss 49 AptarGroup Joanne C. Smith * 50 LKQ Corporation

* The Chicago Network Member † Top Earner Spotlight on the Data 7 METHODOLOGY

The Chicago 50 Census Women of Color National Partners Methodology Methodology The InterOrganization Network (ION), To determine the 50 companies to include in To conduct the analysis, information was founded in 2004, consists of thirteen regional the Census, we first combined the Fortune requested from the Chicago 50 companies that organizations in the that advocate 1000 list with the Crain’s Chicago Business have one or more women directors or executive the advancement of women to positions of — Chicago’s Largest Public Companies list, officers for whom information has not been power in the business world, especially to ranking all companies in descending order provided in prior years. Only companies boards of directors and executive suites of of annual revenue. (The use of the Crain’s responding to the request were included in public companies. ION’s current members are: list dates from 2006. Prior to 2006, we the analysis. We did not request information Board of Directors Network (Atlanta), The used the Chicago Tribune 100 list, which is from companies that had no women directors Boston Club, CABLE (Nashville), The Central comparable.) We then chose the 50 largest or executive officers. Women of Color are Exchange (Kansas City, MO), The Chicago publicly reporting companies in terms of non-Caucasian women identified as Black, Network, the Financial Women’s Association revenue that are headquartered within the Hispanic, Asian, Native Hawaiian and other of New York, Forum for Women Entrepreneurs Chicago metropolitan area. We reviewed the Pacific Islander and American Indian or and Executives/University of California Davis 10-K and proxy statements for the fiscal year Alaskan Native. (Source: U.S. Census Bureau (San Francisco Bay Area), Forum of Executive 2008. Based on the review, we compiled the Racial and Ethnic Classifications Used in the Women (Philadelphia), Inforum Center for statistics for the companies’ executive officers, Census 2000 and Beyond.) Leadership (Detroit), Milwaukee Women inc., board members and most highly compensated Minnesota Women’s Economic Roundtable, employees. We gathered this information for Network 2000 (Baltimore) and Women both men and women for each company. In Executive Leadership (Florida). addition to reviewing the 50 largest companies By combining their energies, the members of for fiscal 2008, we also analyzed trends across ION seek to leverage their strengths, expand all companies that have appeared in the their influence and substantially increase Chicago 50 since 1998. the number and percentage of women who comprise the leadership of corporate America.

Each member of ION publishes a census on women directors and executive officers of public companies in its respective geographic area. ION then publishes an annual report that summarizes and compares some of the key findings of the research that each member has undertaken during the year in connection with its own census.

1 Catalyst, 2008 Catalyst Census of Women Corporate Officers and Top Earners of the Fortune 500, December 2008

2 Catalyst, Advancing Women Leaders: The Connection Between Women Board Directors and Women Corporate Officers, July 2008

3 Harvard Business Review, The Female Economy, Michael J. Silverstein and Kate Sayre, September 2009

4 Catalyst, 2008 Catalyst Census of Women Board Directors of the Fortune 500, December 2008

8 The Chicago Network 2009 Census ACKNOWLEDGEMENTS

On behalf of The Chicago Network, I would like to thank the team members on the 2009 Chicago Network Census Committee for your commitment to improving the performance of Chicago companies in promoting women to leadership roles.

These members are: Kath Carter, Donni Case, Lyn Corbett Fitzgerald, Cheryl Francis, Kelly Grier, Cynthia Hardie, Mary Jo Herseth, Carrie Hightman, Christine Leahy, Eva Losacco, Erin McInerney, Aurie Pennick, Barbara Provus, and Joyce Washington.

We extend a special thank you to our partners without whose time and expertise the Census would not be possible: • Carol Bailey, Donald Monson, Chris Huber, Sharon Stone, Brenda Spralls and Anita Smith for preparation of the Corporate Census (Chicago 50) and the women of color data, and to Deborah DeHaas, Deloitte Consulting LLP and Deloitte Financial Advisory Services LLP, for providing these resources to The Chicago Network. • Anne Tucker and Richard Melcher of Melcher+Tucker Consultants, who led copy development and media relations. • Judy Sickle of Forward Design, who led report design, web design and production. • Robert Siebecker of TeamWerks, who led web programming.

Finally, to Amy Osler, executive director and member of The Chicago Network, we are forever grateful. Your 27 years of unwavering support and friendship to The Network membership along with your wisdom, advocacy and resourcefulness in support of this important endeavor are greatly appreciated and valued.

The Chicago Network appreciates your efforts to promote the advancement of women.

Monica Fohrman Chair, Census Committee THE CHICAGO NETWORK BOARD DIRECTORS 2009–2010

CHAIR PROGRAM CHAIR ION REPRESENTATIVE Elaine R. Leavenworth Cheryl A. Francis Diane Aigotti Donni Case Corporate Vice President, Co-Chairman Former Chief Risk Officer and Corporate Principal Government Affairs Corporate Leadership Center Treasurer Kennicott Partners Abbott Aon Corporation VICE CHAIR Directors Eva Losacco Patricia C. Bobb RECEPTION CHAIR Ellen Carnahan President President Heather Becker Principal Tecsolv Patricia C. Bobb & Associates; CEO Machrie Enterprises Of Counsel, Propes & Kaveny The Chicago Conservation Center Joan H. Walker Michelle L. Collins SVP Corporate Relations and SECRETARY/TREASURER STRATEGIC PLANNING President Interim Chief Marketing Officer Adela Cepeda Margaret H. Georgiadis Cambium LLC Allstate Insurance Company President Vice President, Global Sales Operations A.C. Advisory, Inc. Google Christine A. Edwards Partner CENSUS CHAIR WOMEN ON BOARDS CHAIR Winston & Strawn, LLP Monica M. Fohrman Pamela Forbes Lieberman Amy Osler Retired Senior Vice President, Former President & CEO Executive Director General Counsel & Corporate Secretary Company Therese K. Fauerbach Ex-officio CEO & Founding Principal R.R. Donnelley & Sons Co. The Chicago Network The Northridge Group, Inc. IMMEDIATE PAST CHAIR COMMUNICATIONS CHAIR Eva L. Maddox Ruth Ann Gillis Erin E. McInerney Principal Executive Vice President, Exelon Corp; Former EVP and Chief Marketing Officer Perkins+Will/Eva Maddox Branded President of Business Services Company LaSalle Bank Corporation Environments Exelon

MEMBERSHIP CHAIR Kathy Hopinkah Hannan Carole L. Brown Managing Partner, Midwest Region Senior Managing Director KPMG LLP Siebert Brandford Shank

The Chicago Network 211 E. Ontario, Suite #1700 Chicago, IL 60611 www.thechicagonetwork.org Copyright 2009 The Chicago Network THE CHICAGO NETWORK BOARD DIRECTORS 2009–2010

CHAIR PROGRAM CHAIR ION REPRESENTATIVE Elaine R. Leavenworth Cheryl A. Francis Diane Aigotti Donni Case Corporate Vice President, Co-Chairman Former Chief Risk Officer and Corporate Principal Government Affairs Corporate Leadership Center Treasurer Kennicott Partners Abbott Aon Corporation VICE CHAIR DIRECTORS Eva Losacco Patricia C. Bobb RECEPTION CHAIR Ellen Carnahan President President Heather Becker Principal Tecsolv Patricia C. Bobb & Associates; CEO Machrie Enterprises Of Counsel, Propes & Kaveny The Chicago Conservation Center Joan H. Walker Michelle L. Collins SVP Corporate Relations SECRETARY/TREASURER STRATEGIC PLANNING President Allstate Insurance Company Adela Cepeda Margaret H. Georgiadis Cambium LLC President Vice President, Global Sales Operations A.C. Advisory, Inc. Google Christine A. Edwards Partner CENSUS CHAIR WOMEN ON BOARDS CHAIR Winston & Strawn, LLP Amy Osler Monica M. Fohrman Pamela Forbes Lieberman Executive Director Retired Senior Vice President, Former President & CEO Ex-officio General Counsel & Corporate Secretary True Value Company Therese K. Fauerbach The Chicago Network CEO & Founding Principal R.R. Donnelley & Sons Co. The Northridge Group, Inc. IMMEDIATE PAST CHAIR COMMUNICATIONS CHAIR Eva L. Maddox Ruth Ann Gillis Erin E. McInerney Principal Executive Vice President, Exelon Corp; Former EVP and Chief Marketing Officer Perkins+Will/Eva Maddox Branded President of Business Services Company LaSalle Bank Corporation Environments Exelon

MEMBERSHIP CHAIR Kathy Hopinkah Hannan Carole L. Brown Managing Partner, Midwest Region Senior Managing Director KPMG LLP Siebert Brandford Shank

The Chicago Network 211 E. Ontario, Suite #1700 Chicago, IL 60611 www.thechicagonetwork.org Copyright 2009 The Chicago Network