Women @ Kimberly-Clark
by Miki SaxonPersonally, I think the only thing dumber than expecting a twenty-something to design a product that resonates with Boomers (the people with money) is to have predominantly men leading, guiding and driving innovation for a corporation whose customer base is 83% female.
Yet, that is what was going on at Kimberly-Clark.
In fact, the situation was dire enough in 2009 that it even caught the eye of the board.
If they wanted to create better products targeted to female shoppers, executives realized, they had to transform into the kind of company that propelled women into higher positions instead of letting their careers stall.
With consultants’ assistance, the company did a wide-ranging survey of what was holding women back.
These ranged from concerns that promotions would lead to putting their families second to eradicating the “mommy track” stigma to the time to commute in China.
Kimberly has moved aggressively to address the roadblocks and has accomplished a great deal over the intervening five years.
By 2013, women at Kimberly-Clark made up 26% of the director-level or higher slots, up from 19% in 2009. Female representation on the board of directors also increased.
That was enough to win Catalyst Inc.’s top award for advancing women in the workplace.
Of course, the prime question is did it pay off in terms that Wall Street could understand?
At the end of 2009, the company’s stock price stood at $63.71. By the end of 2013, it had risen to $104.46.
‘Nuff said; money talks.
Flickr image credit: Kimberly-Clark