General Mills honored as women reach top of corporate ladder

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in Leaders & Managers,Management Training

The National Association for Female Executives (NAFE) has named Golden Valley-based General Mills as one of the top 10 firms for women leaders. NAFE names the top 10 firms, but does not rank them.

General Mills made the list because the company’s top five earners are women. Female executives hold 42% of all profit-and-loss management positions, and run half of the company’s operations centers that do $1 billion or more in business each year.

Currently, 38% of the company’s board members are women.

Women do substantially better now at General Mills than they did a few years ago. When NAFE surveyed female employees in 2003, 75% said they believed their gender prevented them from moving up the company ladder. That figure had fallen to just 13% by 2009.

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