Franchise Update Magazine Issue I, 2014 | Page 10

WOMEN AT 24 THE TOP Introducing Franchising’s Leading Women Executives W hen we decided to publish a special issue on Women at the Top in franchising, we had no idea what we were in for. From a production standpoint, we opened a can of worms—at least in the amount of organization and detail to manage. From a business and personal viewpoint, we struck gold. These are 24 amazing women, 24 outstanding human beings, and we’re both humbled and proud to have their participation in this inaugural women’s issue. We can trumpet the numbers, their achievements, accomplishments, and responsibilities. More than 17,000 units under their wings. Annual systemwide revenues of more than $16 billion and plans to add $5 billion more in the next 5 years. An average of 18 years with their companies. Awards? Community involvement? Charitable giving? We have only one page. We can lament the dismally low percentages of women in the C-suite, the barriers and biases they had to overcome to get there, or how women are judged (and paid) differently than men in equivalent positions. A 2013 report by Catalyst of women in business showed that women held just 14.6 percent of executive officer positions, about the same as the year before; and that 25 percent of companies had no women executive officers. Yet this same annual study continues to find that companies with women on their boards have a higher ROI than companies that don’t. Instead, we chose to let these 24 remarkable women tell their own stories—in brief, to be sure, but it’s a start, one we hope opens some eyes, inspires others, and accelerates change. In addition to the “basics” (revenue, units), we asked what life experiences have shaped them on their journey to leadership positions. What books and which business gurus have deeply affected them on that journey (see page 11 for a collected list). Female leaders they admire (not surprisingly, several named one another). We asked them about their mentors and their own role as mentors today. And for any advice they might have for young women looking for a way to the top. Here’s a quick “ABC” sampling of that advice: • Abell, Jane Grote, Chairwoman, Donato’s Pizza: “Stay true to who you are. Your values and principles are always the engines that drive your performance.” • Bergeron, Melanie, Chair of the Board, Two Men and a Truck: “Franchising is a relationship business—book smart is good, people smart is essential. People don’t forget how you treated the