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ICEDR SPECIAL REPORT<br />
Taking Charge<br />
A roadmap for a successful career and a meaningful life<br />
for high potential corporate women leaders<br />
By Lauren Ready
Contents<br />
4 Overview<br />
A Call to Arms for Rising Women Leaders - Take Charge!<br />
6 Explore<br />
EXPLORE: Your Strengths, Weaknesses, Likes and Dislikes<br />
EXPLORE: Your Style<br />
EXPLORE: Your Personal Definition of Success<br />
EXPLORE: Career Paths<br />
14 Own<br />
OWN: The Trade-offs You are Prepared to Make<br />
OWN: Your Opinion<br />
OWN: Your Network<br />
OWN: Your Career<br />
30 Repay<br />
REPAY: Your Community<br />
REPAY: Your Team<br />
REPAY: Your Customers<br />
REPAY: Next-Generation Women Leaders<br />
36 Audit: Take Charge<br />
37 Conclusion<br />
38 Acknowledgements<br />
39 About the Author<br />
Lauren Ready, Director of Talent Management Initiatives & Marketing, ICEDR<br />
40 About ICEDR
Taking Charge<br />
OVERVIEW<br />
4<br />
Overview<br />
A Call to Arms for Rising<br />
Women Leaders - Take Charge!<br />
We live in a world where less than five<br />
percent of CEOs around the globe are<br />
women. If more women are going to<br />
rise to the top, we need to understand<br />
the secrets of the few that made it. Are<br />
you a young, high potential woman<br />
leader trying to map out your road to a<br />
successful career and a meaningful life?<br />
Have you ever wanted to sit down with<br />
the exceptional women executives that<br />
have climbed the ranks and ask them<br />
how they approach work and life? Do<br />
you want to know what their journeys<br />
have been like? Has their success been<br />
worth the price? Is there something<br />
different about who they are or how<br />
they deal with the world? In essence,<br />
do you want to get inside their heads<br />
and understand how they think? We<br />
interviewed the women who made it,<br />
and, here, we tell you about their roads<br />
to success. The result is a candid report<br />
written exclusively for next-generation<br />
women leaders. This report explores<br />
how top women executives think, what<br />
they value, and it outlines strategies<br />
that you, the high potential woman<br />
leader, can learn from.<br />
CEOs, senior executives and HR<br />
directors need to know how to<br />
advance their high potential women<br />
leaders into senior-level roles. While<br />
companies are responsible for putting<br />
the right practices in place and having<br />
an environment that enables women<br />
to advance, the responsibility rests on<br />
you, the next-generation woman leader,<br />
to take charge of your career. You have<br />
the opportunity to step up and make<br />
things happen. This report reveals how<br />
the women executives that made it have<br />
crafted meaningful work and personal<br />
lives. Their insight will help you, the<br />
rising woman leader, achieve your full<br />
potential and develop the career path<br />
and build the life that is right for you.<br />
Our research, interviewing sixty top<br />
women executives, provides advice that<br />
will help you step up and take control<br />
of your journey through work and life.<br />
Here, sixty leading women executives<br />
from twenty organizations share their<br />
stories, insights and experiences.<br />
Some of these women are rising stars,<br />
the majority are senior executives,<br />
including: Adele Gulfo, who led<br />
the launch of Lipitor, the bestselling<br />
medicine in the history of<br />
the pharmaceutical industry, Rana<br />
Ghandour Salhab, the first woman<br />
partner at Deloitte in the Middle<br />
East and Beatriz Araujo, who sits on<br />
the executive committee of Baker &<br />
McKenzie, one of the world’s largest<br />
law firms.<br />
During our research, one thing soon<br />
became apparent: the diversity of the<br />
women involved. There is no single<br />
profile of the woman that makes it to<br />
the top of a large, global organization.<br />
The women we spoke with currently<br />
work in nineteen countries and range in<br />
age from late 20s to early 60s. They are<br />
straight, gay, married, single, partnered,<br />
divorced; some have children, others do<br />
not. Some grew up rich, others poor.<br />
On the surface, it seemed that there<br />
were no rules to achieving success. Yet,<br />
looking deeper, some common features<br />
became clear. You will find that these<br />
women take charge of their work and<br />
personal lives in three common ways:<br />
they explore, own and repay.<br />
Explore<br />
Top women executives know their<br />
own strengths, weaknesses, likes and<br />
dislikes. They have deep insights<br />
into the organizations within which<br />
they practice. They have developed<br />
a leadership style and a definition of<br />
success that works for them. They have<br />
ventured into a career journey full of<br />
twists and turns, and acknowledge<br />
that being a senior executive – male or<br />
female – is not for everyone. But, it was<br />
also clear that they were happy with<br />
their career and life choices. In large<br />
part, this was because they had taken<br />
the time to EXPLORE who they are<br />
and what they want.
Own<br />
A key theme that arose time and<br />
again, during our research, was the<br />
need to step up, be proactive and<br />
make things happen. The women we<br />
interviewed share this fundamental<br />
approach: you must own your choices<br />
and actions. These successful women<br />
executives voice their opinions, build<br />
their network, and take responsibility<br />
for their career choices. They are clear<br />
about the reasons for their decisions<br />
and are not afraid to take risks. They<br />
dive into work and life with enthusiasm<br />
and believe that no matter which path<br />
you choose, you must make these two<br />
words your mantra: OWN IT.<br />
Repay<br />
While these women are talented, they<br />
also know that they have climbed the<br />
ranks with the help of others – from<br />
family and friends to colleagues, bosses,<br />
and sponsors. This support is never<br />
unappreciated and they believe that<br />
it is important to REPAY this help by<br />
passing on support and opportunities<br />
to others. Fundamentally, it matters<br />
to them to make a difference. For this<br />
reason, they are deeply invested in the<br />
success of their communities, team,<br />
customers and the next-generation of<br />
women leaders. These executives think<br />
in terms of the legacy they will leave.<br />
Taking Charge<br />
OVERVIEW<br />
Your roadmap to success:<br />
Explore. Own. Repay.<br />
Explore<br />
• Your Strengths, Weaknesses, Likes<br />
and Dislikes<br />
• Your Style<br />
• Your Personal Definition of Success<br />
• Career Paths<br />
Own<br />
• The Trade-offs You are Prepared<br />
to Make<br />
• Your Opinion<br />
• Your Network<br />
• Your Career<br />
Repay<br />
• Your Community<br />
• Your Team<br />
• Your Customers<br />
• Next-Generation Women Leaders<br />
5<br />
This report reveals how exceptional<br />
female executives have taken charge<br />
of their work and lives and how you<br />
can too. You will fi nd these women<br />
leaders to be incredibly candid and<br />
approachable. We hope you enjoy their<br />
inspiring personal journeys and stories<br />
and learn from their experiences. In the<br />
next section, we will investigate the fi rst<br />
part of our roadmap: to explore your<br />
choices.<br />
Own<br />
Explore<br />
Repay
Taking Charge<br />
EXPLORE<br />
“The way to define success is to know yourself. It’s important to know: what do you<br />
want out of life? Do you want a short-term career and then a family? Do you want a<br />
long career and no family? Do you want a job that’s really balanced? I have a sister<br />
who is almost ten years younger and my advice to her doesn’t land because she<br />
doesn’t want my life. She wants a very different life. I do feel like sometimes women<br />
get trapped because we are not all cut from the same cloth.”<br />
Adele Gulfo, Regional President, Latin<br />
America, Emerging Markets Business Unit,<br />
Pfizer<br />
6
Taking Charge<br />
EXPLORE<br />
7<br />
Explore<br />
Being a senior executive is a challenging<br />
career and you have to know that<br />
it is the right path for you. Adele<br />
Gulfo at Pfi zer is clear on this point:<br />
it’s important to know yourself. The<br />
women executives we interviewed have<br />
taken the time to EXPLORE who they<br />
are. They have a deep sense of their<br />
strengths, weaknesses, likes and dislikes.<br />
They know which company cultures<br />
are a good fi t for them. They have<br />
developed an authentic leadership style,<br />
and have crafted a personal defi nition<br />
of success. Their careers are often full<br />
of twists and turns, and they have<br />
faced many challenges. Yet the women<br />
we interviewed were happy with their<br />
career choices. Why? The answer is that<br />
they take the time to EXPLORE what<br />
they want out of work and life.<br />
EXPLORE: Your Strengths,<br />
Weaknesses, Likes and Dislikes<br />
Tracey Edwards is Deloitte’s Chief<br />
Knowledge Offi cer. In her role, she<br />
puts in place enterprise-wide practices,<br />
policies and technologies so that Deloitte<br />
can operate as seamlessly as possible as<br />
a global enterprise. There’s one piece of<br />
knowledge Tracey believes is critical: selfknowledge.<br />
It’s essential to know yourself<br />
inside and out, to hold a mirror up and<br />
refl ect on what you see with a critical<br />
eye. Exceptional leaders know their<br />
strengths, weaknesses, likes and dislikes.<br />
They understand where they excel, where<br />
Tracey Edwards<br />
Deloitte<br />
they need improvement, what gives them<br />
energy and what they don’t like to do.<br />
So, how can you start to know yourself?<br />
Tracey encourages the people on her team<br />
to map their strengths, weaknesses, likes<br />
and dislikes in a 2X2 matrix (see Table 1).<br />
This 2x2 matrix should then be discussed<br />
with the person that you most depend<br />
upon for career advancement. She advises<br />
“women to own the 2X2 matrix and to<br />
have frank and candid conversations about<br />
it. You have to be willing to own your<br />
career at that level and do that exploration.<br />
This exercise is going to tell you: what do<br />
I want to be doing?” She emphasizes that<br />
it is important to put the job description<br />
aside and decide what you like to do and<br />
know what you are really good at.<br />
Many of the women we interviewed<br />
noted the importance of playing to<br />
your strengths. Susan Silbermann,<br />
President & General Manager,<br />
Vaccines at Pfi zer explains: “At Pfi zer,<br />
we’re focusing on what strong skills<br />
colleagues possess and not trying to<br />
focus on what they don’t. There was<br />
a point in time where schools would<br />
force left-handed students to write with<br />
their right hand. Now, we embrace the<br />
view: ‘You’re left-handed. That is great.<br />
I want you to be the best left-handed<br />
person you can be.’”<br />
This view is typical of our successful<br />
executives, who believe that focusing<br />
on your strengths and likes leads<br />
to a signifi cant benefi t: expertise.<br />
Developing expertise early on in your<br />
career is particularly important, as<br />
Beatrice Fischer, Managing Director,<br />
Head CEO Stakeholder Management,<br />
Private Banking at Credit Suisse recalls:<br />
“Early on, my manager gave me good<br />
advice: make sure that you are good<br />
at one particular thing. You should be<br />
really special at this one thing. Then,<br />
you will always be the go to person<br />
for this. If you can establish yourself<br />
as an expert in something, this is a<br />
good start. People will listen because<br />
they know you are really good at<br />
something.”<br />
Table 1: Map It! Your Strengths, Weaknesses,<br />
Likes and Dislikes<br />
Likes<br />
Dislikes<br />
Weaknesses<br />
Strengths<br />
PLAY<br />
HERE
EXPLORE: Your Style<br />
As a woman leader, you may face a<br />
double problem: if you are too gentle,<br />
others view you as soft; if you are too<br />
aggressive, you are characterized as<br />
unfeminine. Hardly surprising then<br />
that some women express the view<br />
that they just can’t win. As Anne<br />
Weisberg, Global Director of Diversity<br />
and Inclusion at BlackRock explains:<br />
“Women face the challenge of trying<br />
to develop a leadership style and an<br />
executive presence that both commands<br />
respect and fosters likeability. This<br />
takes a lot of psychic energy and can be<br />
exhausting. Organizations and women<br />
should be conscious of this challenge.”<br />
How can you navigate this tricky<br />
balance of developing a style that comes<br />
across as both competent and warm?<br />
It’s not easy. Our executives have three<br />
pieces of advice, to help you develop<br />
your own effective leadership style:<br />
1. Bring your personality to the office<br />
Maria Camacho, a Marketing Manager<br />
at Danone, is a fun loving Argentinian<br />
who moved to the United Kingdom<br />
several years ago to work for Danone.<br />
When she first arrived, she discovered<br />
that her new team was highly talented<br />
and intense. But, that didn’t stop Maria<br />
from showcasing her special flair. As<br />
she remembers: “I was a bit of a crazy<br />
Latin American when I first arrived at<br />
Danone. I would run into the office<br />
and start kissing people when I got to<br />
work. My colleagues allowed me to<br />
bring that essence and that different<br />
spice to the organization. And I will<br />
always thank the people at Danone<br />
for that. I’m quite creative and the<br />
Taking Charge<br />
EXPLORE<br />
8<br />
Anne Weisberg<br />
BlackRock<br />
accepting environment gave me wings.<br />
I entered a sea of possibility. What I see<br />
sometimes in very successful women is<br />
that they don’t mix their private lives<br />
with their professional lives so they<br />
don’t have a picture of their family at<br />
their desks or they work 24/7. I’m not<br />
like that. I wear my heart on my sleeve.<br />
I am the same person at work as I am<br />
outside work. And I think that is what<br />
allows me to fulfill my potential.”<br />
Immunology and Ophthalmology at<br />
Roche. It’s okay to have a little fun<br />
and to showcase who you really are at<br />
the office, as Patricia Horgan, Head<br />
of One Bank Collaboration at Credit<br />
Suisse explains: “You have to be true to<br />
yourself… It is okay to show you are a<br />
human being and you have a life. You<br />
don’t want to turn into a robot when<br />
you come into work.”<br />
Several women explained that they act<br />
consistently, refusing to change their<br />
persona just because they are speaking<br />
to someone high up the corporate<br />
ladder. Mary Ellen Brown, Director,<br />
Retail Credit Transformation at RBC<br />
is clear about the importance of this:<br />
“I don’t act differently for different<br />
“I was a bit of a<br />
crazy Latin American when I first arrived<br />
at Danone. I would run<br />
into the office and start kissing people<br />
when I got to work.<br />
My colleagues allowed me to bring that essence<br />
and that different<br />
spice.”<br />
Our interviews revealed that this was<br />
a commonly-shared view, and many<br />
women advise you not to leave your<br />
personality at home. “Women seem<br />
so relieved to be given permission to<br />
express themselves and be themselves<br />
at work. I really believe that is the<br />
most important key to success,” says<br />
Jennifer Cook, Senior Vice President,<br />
Maria Camacho, Marketing Manager, Danone<br />
audiences. I am no different if I<br />
am talking to my staff, my boss,<br />
or my boss’s boss. I am always the<br />
same. Don’t try to change who you<br />
are as a person. You just have to<br />
be who you are or else it is obvious<br />
that it is insincere. And, no one is<br />
going to trust or respect someone<br />
who isn’t sincere.”
2. Adapt your style<br />
Talk to Amanda Mesler, and you<br />
can’t help but smile: she is a fireball<br />
of positive energy. Yet, Amanda, CEO<br />
of Logica Business Consulting (now<br />
part of CGI), who describes her style as<br />
passionate and energetic, says that her<br />
liveliness can be mistaken for being overly<br />
emotional. How does she overcome<br />
this potential barrier? When Amanda<br />
joined Logica’s executive committee,<br />
she knew her success depended on her<br />
ability to work with each person on the<br />
team. Consequently, high on her list<br />
of priorities was getting to know each<br />
and every individual on the executive<br />
committee and adapting her style<br />
accordingly. She firmly believes that this<br />
made all the difference, as she explains:<br />
“Coming onto the executive team<br />
really made me realize that I needed<br />
to understand every individual on that<br />
team. At the end of the day, individuals<br />
are the ones that make up your team,<br />
they make up your career, and they<br />
make up your success. If you just<br />
try to bulldoze your style over every<br />
individual, it’s not going to make you<br />
successful. I have learned to work with<br />
different people in different ways but<br />
never, ever sacrificing who I am. I will<br />
never, ever sacrifice integrity, and the<br />
values that I operate on, but if I need to<br />
be a little softer or if I need to sit back<br />
and be quieter and listen and hold my<br />
Amanda Mesler<br />
Logica<br />
(now part of CGI)<br />
Taking Charge<br />
EXPLORE<br />
tongue or if I even need to be tougher<br />
and more assertive, I will do that. It’s<br />
important to adapt your style. It will<br />
make you more successful.”<br />
9<br />
3. Don’t try to be one of the lads<br />
If you work in an office full of men,<br />
it may be tempting to try to act like<br />
one of the guys. In this situation, the<br />
advice from our executives is simple:<br />
Don’t. When the office chatter turns<br />
to sports, you don’t need to chime<br />
in if you don’t want to. Don’t be<br />
someone you’re not. Yet many of<br />
our interviewees admitted that, early<br />
in their careers, they succumbed to<br />
this temptation and had tried to play<br />
like a stereotypical guy: acting tough,<br />
aggressive, confrontational, and very<br />
much like the alpha personality. Melba<br />
Foggo, Managing Partner, Business<br />
Consulting, UK at Logica (now part<br />
of CGI) advises women not to try too<br />
hard to fit in: “I never have been and<br />
never will be one of the lads. I think<br />
often at the junior levels women try to<br />
fit in and be one of the guys and it will<br />
only take you so far.”<br />
It is important to remember that it is<br />
results that matter, as Marcia McIntyre,<br />
Managing Director at RBC insists: “Stay<br />
true to who you are, and at the end of<br />
the day, don’t waiver. If you deliver and<br />
you produce results for your clients, you<br />
will be successful regardless.”<br />
EXPLORE: Your Personal<br />
Definition of Success<br />
It is crucial to develop your own<br />
personal definition of success.<br />
Knowing what success means to<br />
you is fundamental to achieving a<br />
fulfilling work and personal life. In<br />
fact, gaining clarity on this is one of<br />
the most important things you can do.<br />
Ultimately, only you can decide the<br />
details – what you want to achieve,<br />
what matters most to you, and what<br />
you value. Our executives have three<br />
pieces of advice that will help you<br />
define what success means to you.<br />
1. Reflect on what you want to achieve<br />
How do you define success? It was<br />
evident from our research that how you<br />
answer this question is fundamental, and<br />
it is a question that successful women<br />
executives urge you to address. You can<br />
gain valuable input from many sources,<br />
including family members, colleagues,<br />
bosses, mentors and sponsors, but<br />
ultimately only you can form your<br />
personal definition of success.<br />
A good place to start is by defining<br />
what your objectives are. Exceptional<br />
women leaders tend to describe success<br />
in three main areas: work, personal and<br />
legacy (see Table 2: How Exceptional<br />
Women Leaders Define Success). They<br />
set their work and personal goals for<br />
the next twelve to eighteen months and<br />
revisit those objectives frequently. As<br />
they advance to more senior levels in<br />
their careers, they also start to think<br />
about the legacy they want to leave<br />
behind. It is a useful exercise to compare<br />
how you currently define success to the<br />
objectives of some of the senior female<br />
executives we interviewed (see Table<br />
2). Although you will have your own<br />
priorities, this can be a useful exercise,<br />
to help you see if there are any changes<br />
you would like to make and what you<br />
want your measures of success to be.
Taking the time to reflect on what you<br />
truly want is not an easy task, especially<br />
for younger women, as many can’t<br />
pinpoint exactly what their goals are.<br />
Victoria Poole, Corporate Counsel<br />
at Westpac, recognizes this difficulty:<br />
“What strikes me when I talk to younger<br />
people today is they don’t have a clear<br />
picture of what they want. This can be<br />
the hardest thing in the world - to know<br />
what you want. My advice would be to<br />
spend some time thinking about what<br />
you want and have a clear picture of that<br />
in your mind so you can see exactly what<br />
it is. When you can visualize what you<br />
want, the road to it becomes easier.”<br />
Veronique Pauwels, a Partner at Bain,<br />
agrees: “Be very honest in general<br />
about who you are and what you want.<br />
Don’t try to be anything else. You need<br />
to know what you want and be very<br />
explicit about that. There is no game<br />
here. Having this clarity helps you<br />
achieve whatever goal you set.”<br />
2. Focus on delivering today; don’t<br />
think too far ahead<br />
Perhaps one reason why you may<br />
get stuck when trying to set your<br />
Table 2: How Exceptional Women Leaders Define Success<br />
Work<br />
Time Frame: 12-18 months<br />
The scorekeeping aspects of the job – title,<br />
salary<br />
Taking Charge<br />
EXPLORE<br />
10<br />
objectives is that you think too far into<br />
the future. You may be relieved to<br />
hear that the women we interviewed<br />
break their goals into bite-size pieces.<br />
They set their sights on the shortterm,<br />
and focus on delivering today,<br />
as Susan Silbermann, President &<br />
General Manager, Vaccines at Pfizer<br />
advises: “In my career I’ve talked to a<br />
fair number of people that look at me<br />
and say: ‘I want to be the CEO.’ And<br />
I say: ‘That’s a great goal to set. You<br />
are currently a product manager and<br />
are about fifteen years away from that<br />
goal, so let’s focus on the present.’ The<br />
best way to get a new job is to excel<br />
in your current job. So, when people<br />
ask me: ‘How can I become X?’ I tell<br />
them: ‘Just do a really good job. Focus.<br />
Produce the results that you’ve been<br />
asked to deliver. Produce more than the<br />
results you’ve been asked to deliver.’<br />
I have always been focused on what I<br />
have in front of me and not so much<br />
focused on what’s out there.”<br />
Beatrice Fischer, Managing Director,<br />
Head CEO Stakeholder Management,<br />
Private Banking at Credit Suisse shares<br />
this view: “I am someone who does<br />
not have an ambition that is too far<br />
“I am someone who<br />
does not have an ambition that is too far away.<br />
I try to think in little steps.”<br />
How Exceptional Women Leaders Define Success<br />
Personal<br />
Time Frame: 12-18 months<br />
My children – setting them up for the<br />
future<br />
Beatrice Fischer, Managing Director, Credit Suisse<br />
away. I try to think in little steps. In my<br />
personal life, I look ahead to losing two<br />
pounds versus losing twenty pounds<br />
or I think ahead to my next vacation. I<br />
do not think ahead to four years down<br />
the road. I do the same in business. I<br />
do not think of becoming the CEO. I<br />
think of my next few months and what<br />
I want to achieve.”<br />
Legacy<br />
Time Frame: Longer term<br />
Starting a development program for<br />
young women<br />
Happy clients Good health, making time for myself Sustainability without me<br />
Taking that messy situation and making<br />
it better<br />
Loving what I do for as many hours of the<br />
day as possible<br />
Impacting the lives of the people in the<br />
community<br />
A business that is growing A happy marriage Redefining a moment in time<br />
When the whole team feels like they are<br />
contributing<br />
Spending weekends and holidays with my family<br />
Building a team that has grown up to be<br />
leaders<br />
Your definition of work success: Your definition of personal success: The legacy you want to leave:
Beatrice Fischer<br />
Credit Suisse<br />
3. Observe and learn from a variety of<br />
role models<br />
Beatriz Araujo sits on the executive<br />
committee of Baker & McKenzie, one<br />
of the largest law firms in the world. As<br />
a member of the firm’s leadership body,<br />
Beatriz is an extraordinary role model<br />
for next generation women lawyers.<br />
Yet, Beatriz recognizes that, while she<br />
has found her journey and rise to be<br />
highly fulfilling, there are many ways to<br />
advance and succeed at the firm. Baker<br />
& McKenzie thrives on the diversity of<br />
its people, which is why Beatriz believes<br />
it is important to showcase a variety of<br />
female role models in order to inspire<br />
the firm’s rising women leaders. For<br />
example, at a recent presentation on<br />
gender diversity, given to the firm’s<br />
partners, Beatriz was asked why she had<br />
not included a slide depicting Christine<br />
Lagarde, former Chairman of Baker<br />
& McKenzie and current Managing<br />
Director of the International Monetary<br />
Fund (IMF). Beatriz replied: “Well<br />
hang on - that’s a really tall order. I<br />
mean to expect all of the women in the<br />
firm to end up like Christine Lagarde?<br />
She continues to be a great role model<br />
at the firm - someone that’s really<br />
succeeded and has done it nicely, always<br />
continuing to just be who she is. But<br />
we’re not all going to end up as the<br />
head of the IMF. That shouldn’t be the<br />
criteria for advancement.”<br />
Taking Charge<br />
EXPLORE<br />
11<br />
Extraordinary women leaders advise<br />
that you pick and choose aspects of<br />
several role models who resonate with<br />
you and then write your own definition<br />
of success. Find your own way forward,<br />
as Seow-Chien Chew, a Partner at Bain,<br />
explains: “The key is to find your own<br />
model and to learn from others. What<br />
can you adapt from others? Which parts<br />
are relevant for you and which are not?<br />
Do not try and be exactly like someone<br />
else.”<br />
EXPLORE: Career Paths<br />
The Middle East is a mosaic of different<br />
cultures, experiences, dialects and ways<br />
of living, presenting many challenges<br />
for women executives. In this<br />
environment, it is essential for leaders<br />
to have a global outlook. Take Rana<br />
Ghandour Salhab, a Partner at Deloitte.<br />
Rana was the first woman partner<br />
admitted to Deloitte in the Middle<br />
East after eighty years of the company’s<br />
history. Today, her responsibilities span<br />
fifteen countries and twenty-two office<br />
locations in the Middle East. On any<br />
given day, Rana can work with people<br />
from thirty different nationalities. She<br />
believes that her variety of work and<br />
life experiences have prepared her well<br />
to be a global leader in a multinational<br />
firm. She has lived in five countries, on<br />
three continents. She was raised during<br />
the war in Lebanon and experienced<br />
the Gulf War in Saudi Arabia first hand.<br />
Rana believes that such challenging,<br />
unexpected and unique experiences<br />
have benefitted her career. Accompanying<br />
her husband to Saudi Arabia, she<br />
began her career in education, as career<br />
opportunities for women were limited.<br />
As a teacher, she learned how to counsel<br />
and motivate people – skills that are<br />
also invaluable in business, as global<br />
leaders need to manage people effectively<br />
and ensure that learning improves<br />
performance. So, even though teaching<br />
was not her first choice for a career, it<br />
gave her experience that she could take<br />
elsewhere. As she says, “At the time,<br />
I didn’t feel it was the right thing for<br />
me to live in a culture that didn’t have<br />
many career options but it turned out<br />
to be something that helped me build a<br />
very formative skill set in my career.”<br />
Rana is not alone. Many of the women<br />
Rana Ghandour<br />
Salhab<br />
Deloitte<br />
leaders we interviewed mentioned that<br />
their career paths had taken twists and<br />
turns. Often, these diversions turned<br />
out to be some of the most rewarding<br />
and valuable experiences of their work<br />
and personal lives. Some of the changes<br />
were planned, others unexpected. Here<br />
are a few examples:<br />
• A year in Australia spent learning to<br />
sail yachts and sailboats<br />
• A fellowship with the government<br />
• Career switches: sociology to finance,<br />
scientist to marketing executive,<br />
consulting firm to a start-up<br />
• 16 different jobs with 13 different<br />
employers in 25 years<br />
• 20 relocations to different areas of<br />
the world
Surprisingly, these women leaders felt<br />
that you don’t need to invest too much<br />
energy mapping out a ten year career<br />
plan. In fact, they went further and<br />
suggested that the reality of your career<br />
will likely not match any long-term plan<br />
you create or expectations you set. As<br />
Jane Leung, Head of iShares Asia Pacific<br />
at BlackRock explains: “When I talk to<br />
young women early in their careers, I tell<br />
them that life does not always happen<br />
the way you think it is going to… the<br />
more flexible you can be - the better.”<br />
Taking Charge<br />
EXPLORE<br />
12<br />
Interestingly, several women noted<br />
that they did not have to leave their<br />
company to get a different career<br />
experience. Many liked the fact that<br />
they could have a variety of career<br />
experiences within one organization.<br />
Suchitra Prabhu, who works for Logica<br />
(now part of CGI) in India says:<br />
“What I love about Logica is its flat<br />
structure and open environment. It<br />
is easy to negotiate your next career<br />
step.” Similarly, Gina Dellabarca has<br />
worked at Westpac since 1991 and<br />
“A plan is a nice thing to have,<br />
but a career<br />
is an obstacle course. It’s not a path. There is<br />
no straight line.”<br />
Kristin Peck, a member of Pfizer’s<br />
executive leadership team, agrees: “A<br />
plan is a nice thing to have, but a career is<br />
an obstacle course. It’s not a path. There<br />
is no straight line. It winds, goes over<br />
hills and rocks and you have to jump<br />
across the stream a few times. Sometimes<br />
you have to go sideways or backwards<br />
to go forwards. I think that’s the most<br />
important thing that women starting<br />
their career should know. Many people<br />
believe their careers are linear. My career<br />
took me from commercial real estate<br />
finance, to real estate private equity, to<br />
investment banking, to management<br />
consulting, to an HR strategy job, to a<br />
general strategy job, to leading innovation,<br />
and going back to business development.<br />
There was no straight line there.”<br />
Kristin Peck, Executive Vice President, Pfizer<br />
attributes part of her success to taking<br />
opportunities to move across business<br />
units within the company. Rebecca<br />
Riant, Director, Head of Deposits at<br />
Westpac Institutional Bank, shares this<br />
view: “The leaders at Westpac do a<br />
great job of enabling people to move<br />
around within the organization. Having<br />
that culture of internal mobility is<br />
very important to me. If you can find<br />
an organization that has a culture of<br />
promoting opportunities internally into<br />
different roles, I call that the Golden<br />
Willy Wonka Ticket.”<br />
Most of these women executives<br />
keep two or three destination jobs in<br />
mind. As opportunities come their<br />
way, they weigh the role in terms of<br />
what it does for those two or three<br />
different options. “I don’t want to be<br />
perfectly qualified for only one job<br />
in the organization,” explained one<br />
executive. In addition, their advice is<br />
not to become too comfortable in a<br />
role. As Niki Kesoglou, Head of Senior<br />
Talent Development Asia Pacific at<br />
Credit Suisse says, “Four to five years<br />
is enough time to stay in one job. You<br />
need to constantly be pushing yourself<br />
out of your comfort zone.”<br />
Having a variety of experiences has<br />
many benefits, as it allows you to<br />
look at the world from different<br />
perspectives, to embrace diversity<br />
and to expand your imagination.<br />
Samantha Mobley, a Partner at Baker<br />
& McKenzie, who recently spent<br />
six weeks in the Caribbean doing a<br />
dive master course (and is already<br />
planning her next sabbatical for 2019!)<br />
believes imagination is important<br />
when exploring and building career<br />
paths: “A quality that I have, if I was<br />
going to boast, is imagination. I am<br />
not sure how many lawyers really have<br />
imagination. Imagination is what you<br />
need if you are going to build out a<br />
Samantha<br />
Mobley<br />
Baker &<br />
McKenzie<br />
practice, which is what I am doing at<br />
the global level at the moment. My<br />
mandate is to grow this global team. I<br />
love building. But in order to build, you
need to have imagination, or vision.”<br />
Finally, it is worth mentioning some<br />
of the difficulties you many face when<br />
following a career path that includes<br />
twists and turns or if you have taken a<br />
non-traditional route and are applying<br />
for a senior-level role.<br />
Taking Charge<br />
EXPLORE<br />
“A quality that I have, if I was going to boast, is<br />
imagination”<br />
Firstly, it can be difficult to make the<br />
leap. Typically, people tend to see you<br />
in a particular light, based on what<br />
you studied in University or your<br />
prior work experience – for example:<br />
she’s a scientist, we can’t move her to<br />
marketing. So, you may need to take<br />
some additional coursework or seize<br />
any opportunity you can in your new<br />
area of choice. Secondly, it is essential<br />
to be able to communicate the value<br />
of your unique journey. As Sonja<br />
Doyle, a Regional General Manager<br />
at Westpac advises, “Getting over the<br />
initial barrier of not having a particular<br />
profile at a company is something you<br />
need to be able to articulate.” If you<br />
follow a non-traditional career path,<br />
you will need to be able to explain why<br />
the experiences you have had make<br />
you a great candidate for the role you<br />
are applying to. You will need to show<br />
that your prior experiences add up to<br />
the competencies required for the role,<br />
even though the job titles may not<br />
seem relevant.<br />
Samantha Mobley, Partner, Baker & McKenzie<br />
13<br />
So, don’t be too focused on progressing<br />
to the next logical step on the<br />
corporate ladder. Rather, be open and<br />
flexible about what an opportunity<br />
can offer. Take jobs you are passionate<br />
about. Look for roles that align with<br />
your strengths. Always be learning and<br />
having fun. Live in the moment because<br />
in all likelihood, you will look back on<br />
those unexpected twists and turns and<br />
realize they set you up for success.<br />
In summary, the advice is clear: to be<br />
successful and to achieve your goals, it<br />
is necessary to fully explore the various<br />
aspects of your work and life. Take the<br />
time to reflect upon your strengths,<br />
weaknesses, likes and dislikes. Discover<br />
your authentic leadership style. Craft<br />
your personal definition of success. Be<br />
open to different career possibilities.<br />
In the next section, we will consider the<br />
second way top female executives take<br />
charge: to own your choices.
Taking Charge<br />
“If I look back and had to pin it down, it’s about taking ownership.”<br />
Juliet Bullick, BlackRock<br />
OWN<br />
14
Own<br />
A significant factor in achieving success<br />
is to OWN your choices. It was evident<br />
during our research that leading<br />
women executives take a proactive view<br />
towards work and life. They own the<br />
price they are willing to pay for success.<br />
They own their opinions and networks,<br />
and they take control of their careers.<br />
Their stories illustrate an important<br />
message: it doesn’t matter which career<br />
path you choose to pursue but it does<br />
matter that you own it.<br />
OWN: The Trade-offs You are<br />
Prepared to Make<br />
Male or female, there are no shortcuts<br />
to becoming a senior executive. The<br />
hours are long. The travel is exhausting.<br />
The stress is high. Let’s face it: Most<br />
of us would rather spend our weekends<br />
with family, not at 38,<strong>000</strong> feet, in<br />
transit to our next meeting.<br />
Let’s also acknowledge that the<br />
conversation around the advancement<br />
of women often turns into a work-life<br />
balance discussion. But, do we need<br />
to rethink this conversation? Anne<br />
Weisberg, Global Director of Diversity<br />
and Inclusion at BlackRock thinks so:<br />
“In many companies, what ends up<br />
happening is the conversation around<br />
gender always defaults to talking about<br />
work-life integration. To address<br />
women in leadership, leaders need<br />
to understand there is a difference<br />
between the topics of women and<br />
Taking Charge<br />
OWN<br />
15<br />
advancement and work-life integration.<br />
Work-life integration is about retention.<br />
It is not about advancement. If you want<br />
to get women into senior leadership<br />
roles, obviously retaining them in<br />
the system is necessary, but, it is not<br />
sufficient. Focusing the conversation on<br />
the work-life barrier is not going to get<br />
women into senior leadership.”<br />
Work-life balance strategies, such as<br />
flexible work arrangements, emergency<br />
daycare, and job sharing, serve the<br />
valuable purpose of retaining many<br />
women. But, when it comes to<br />
advancing women to senior-level<br />
positions, the work-life balance<br />
conversation needs to shift in a slightly<br />
new direction. So how can company<br />
executives have a better conversation<br />
The women we interviewed – primarily<br />
senior-level executives at large,<br />
global companies – observed that the<br />
conversation around women and worklife<br />
balance has the tendency to turn<br />
into a blame game, such as: “I wish my<br />
company would do this; I wish society<br />
would change that; why have we been<br />
having this same conversation for the<br />
past 20 years?” The women leaders<br />
we spoke with offer a possible reason<br />
for the lack of progress: conversations<br />
around advancing women typically<br />
turn into a work-life balance discussion<br />
about strategies companies can put in<br />
place to help women integrate their<br />
work and personal lives. But this is to<br />
miss the real point: primarily, it is about<br />
personal reflection, responsibility and<br />
ownership. By this our interviewees<br />
“Work-life integration is about retention.<br />
It is not about advancement.<br />
Focusing the conversation on the<br />
work-life barrier<br />
is not going to get women<br />
into senior leadership.”<br />
Anne Weisberg, Global Director of Diversity and Inclusion, BlackRock<br />
– one that is focused on advancing<br />
women to senior roles? How can you,<br />
the high potential woman leader,<br />
integrate your work and personal life in<br />
a way that fulfills you and aligns with<br />
your values and goals?<br />
mean that, at senior levels, work-life<br />
balance policies certainly help, but seniorlevel<br />
women don’t purely think of the<br />
work-life balance question as: What can<br />
my company do for me? Rather, they add<br />
a new dimension – a personal ownership
Having Conversations with Your Kids<br />
How do explain to your young child why<br />
you need to go to work? Kristin Peck sits<br />
on Pfizer’s Executive Leadership Team and<br />
leads Worldwide Business Development and<br />
Innovation for Pfizer. She’s also a devoted<br />
wife and a mother of two children. Here’s how<br />
Kristin approached a recent conversation<br />
with her daughter:<br />
“My daughter said to me recently: ‘Mommy,<br />
why can’t you work at home like all the other<br />
Mommies do?’ I said to her: ‘Well, everybody<br />
works. Some women work in the home. And<br />
some women go to work.’ And she asked:<br />
‘Why can’t you do what you do at home?’ I felt<br />
really confident in my answer when I said to<br />
her:<br />
“I love what I do and my job is in the city.<br />
What I do helps to create medicines that<br />
can help you and many other children. And<br />
working makes me a better mom when I’m<br />
home because I’m really happy with what I’m<br />
doing. Likewise, you want to be a scientist<br />
and you probably can’t do that at home. Don’t<br />
you want to go where you are really happy<br />
during the day and then come home and be so<br />
excited?”<br />
Taking Charge<br />
OWN<br />
16<br />
dimension – to the conversation. They<br />
have taken the time to reflect and have<br />
found clarity on the price they are<br />
willing to pay for success. They take full<br />
responsibility for and control over how<br />
they integrate their work and life.<br />
To be clear, these women state that<br />
reconciling this tension between work<br />
and life is deeply challenging, emotional<br />
and personal. It is a dilemma they<br />
continue to wrestle with. They view<br />
developing their personal strategy for<br />
integrating work and life as one of the<br />
most important decisions they will<br />
make. Thus, this is a decision that they<br />
approach with careful introspection and<br />
thoughtfulness. It is a topic they revisit<br />
and reflect upon often.<br />
And this is where you – the rising female<br />
star – come in. These women will always<br />
applaud you for making a choice that<br />
aligns with your aspirations, values and<br />
personal definition of success. But,<br />
they will also tell you to take ownership<br />
and be proud of the decisions and life<br />
choices you make. For example, don’t<br />
blame your company’s workaholic culture<br />
for making you quit. Or, if you work a<br />
reduced schedule, walk out of the office<br />
on time with your head held high. If<br />
you choose to pursue a job that requires<br />
significant travel, don’t complain that<br />
you are often away from your family.<br />
Instead, take action and do something<br />
about it. The women we interviewed<br />
have refreshingly proactive, positive and<br />
self-assured outlooks. They take the view<br />
that there is often a way to build the<br />
work and personal life you desire. They<br />
advise you to craft a life that you choose<br />
and find fulfilling and to dive in full<br />
force. They advise you to take charge.<br />
Our interviewees highlight a personal<br />
struggle you may face: If you<br />
choose, and have the capability and<br />
organizational support, to advance<br />
to the senior-levels of a large, global<br />
organization, you will inevitably<br />
have to make some trade-offs. It’s<br />
impossible not to. So it’s important<br />
to take the time to think about what<br />
type of life you want and understand<br />
the consequences. For example, is<br />
your partner willing to take on part of<br />
the load? Are you comfortable with<br />
someone else picking up your kids from<br />
school? Despite the sacrifices they have<br />
made, our exceptional women leaders<br />
find their lives deeply fulfilling. But, the<br />
executive lifestyle is not for everyone,<br />
and you have to ask yourself: ‘is it really<br />
for me?’ In tackling this question, it is<br />
useful to consider the following points:<br />
1. Form your own definition of worklife<br />
integration<br />
2. Articulate your ambitions<br />
3. Make a short list of priorities<br />
4. Pace yourself<br />
1. Form your own definition of worklife<br />
integration<br />
Kristin Peck sits on Pfizer’s executive<br />
leadership team and was raised by<br />
parents who always encouraged her<br />
to pursue her dreams. As Kristin<br />
remembers, “I have a family that since I<br />
was a young girl always made me believe<br />
that I could do anything I wanted to<br />
do. For example, as a child, my dream<br />
was to be quarterback of the New York<br />
Jets (United States football team) and<br />
then President of the United States.
Never did my parents say there’s never<br />
been a woman who’s done either, nice<br />
dream but focus somewhere else. I came<br />
to the conclusion by the end of the sixth<br />
grade that I probably wasn’t going to<br />
be the quarterback of the New York<br />
Jets. But the point was that my parents<br />
let me figure that out on my own. They<br />
let me try and they let me explore. As a<br />
result, I don’t have a lot of fear.”<br />
Today, in addition to her<br />
responsibilities leading Worldwide<br />
Business Development and Innovation<br />
for Pfizer, Kristin is also a mother.<br />
She has a daughter and a son, who<br />
are only in elementary school. Just<br />
as her parents did for her, Kristin will<br />
encourage her children to pursue<br />
whatever path they desire. As a wife and<br />
mother committed to quality time with<br />
her family and as a senior executive with<br />
a passion for driving business results for<br />
Pfizer, Kristin has had to be clear about<br />
her personal definition of work-life<br />
integration. As Kristin says, “Everyone<br />
defines work-life balance differently.<br />
I’m sure many people wouldn’t define<br />
it the way I do.”<br />
Exceptional women leaders share this<br />
approach, believing there are many<br />
ways to integrate work and life that<br />
are highly gratifying. The challenge is<br />
figuring out what works for you and<br />
being comfortable that your definition<br />
may not be the norm among your<br />
friends or may be different from how<br />
your parents raised you. For example,<br />
your friends may spend more time than<br />
you do playing with and looking after<br />
their children. One busy executive<br />
reflected that when she was a child<br />
her stay-at-home mother took her to<br />
Taking Charge<br />
OWN<br />
17<br />
feed the ducks on weekdays and did<br />
the school run. These are activities<br />
senior executives don’t get to do on<br />
a regular basis. But, the good news is<br />
they don’t feel bitter or riddled with<br />
guilt and regret. They are confident<br />
and comfortable with their decisions<br />
and have found a way to integrate the<br />
various aspects of their lives that works<br />
for them. They often focus on quality<br />
time with their families, try to limit<br />
work on weekends, make sure to take<br />
their holidays and outsource house<br />
chores so that when they are home,<br />
they can fully devote their attention to<br />
their loved ones.<br />
Yet, some women we spoke to had<br />
reached a point in their careers and<br />
personal lives where they realized it<br />
was time to take a step back from such<br />
a hectic work schedule. One woman<br />
describes her current situation and<br />
reflects: “I leave my child at daycare<br />
at 8:00 AM. I get to work a bit before<br />
9:00 AM. I leave work at 6:00 PM. By<br />
the time I’ve picked up my child and<br />
we get home, it’s 7:00 PM and he goes<br />
to bed at 8:00 PM. So, basically I see<br />
him for an hour a day, and probably<br />
not his best hour because he’s grouchy<br />
and tired. Then I eat and sort out his<br />
bottles. I pop my laptop open and work<br />
from probably 9:00 PM until 11:00<br />
PM. My husband is there but I have<br />
to keep working so I’m not talking to<br />
him. I think, ‘am I going to regret this?<br />
Is this life?’ It’s not very sustainable. I<br />
don’t want to do that for the next ten<br />
years.” What’s more, one executive<br />
mentioned how it’s easy to get drawn<br />
into prioritizing work over family: “I do<br />
not get pay raises and reviews from my<br />
husband and kids,” she said.<br />
Claudia Prado, a Partner at Trench,<br />
Rossie Watanabe Advogados, associated<br />
with Baker & McKenzie, advocates<br />
giving both aspects of your life<br />
attention: “It is important to find a<br />
way of loving both things – work and<br />
family - at the same level. If you love<br />
your career too much, you will leave<br />
the family at the end of the list. And the<br />
other way around also applies. So, find<br />
a way, early on, of loving work and your<br />
personal life at the same level and never<br />
really put one over the other in terms of<br />
priority. They have to come together.”<br />
As our top women executives<br />
recommend, it is important to revisit<br />
your definition of work-life integration<br />
regularly, as priorities change.<br />
Remember the decisions you make<br />
need not be permanent. Catherine<br />
Langreney, Country CEO for Lafarge<br />
in Tanzania advises it’s important to reassess<br />
your situation and priorities: “I<br />
always explained to my boss, my career<br />
is a three lane highway. There are times<br />
when I will want to be in the slow lane,<br />
times when I want to go in the middle<br />
lane and times when I want to go in<br />
the fast lane. It is me who needs to<br />
make this decision. I am the only one<br />
who can manage having a family and<br />
a career. My mentor said, ‘just make<br />
sure you put your turning signal on a<br />
long time in advance. It’s important to<br />
communicate which lane you want to<br />
be in.’ Having to slow down for a few<br />
years does not mean I need to exit. I<br />
just make sure to give my team a heads<br />
up of what I want to do and how much<br />
I can take on. My message to them is:<br />
don’t take me out because I am in the<br />
slow lane.”
The Rise of the House Husband<br />
“There is a bit of a myth that successful<br />
women are those who are single with no<br />
children and if they have got children, then<br />
the kids are at boarding school or with fulltime<br />
nannies. I don’t think that’s necessarily<br />
the case,” says Melba Foggo, Managing<br />
Partner, Business Consulting, UK at Logica<br />
(now part of CGI). The family unit around<br />
successful women can take many forms, one<br />
of which includes a woman with a powerful<br />
job, a stay at home spouse, and children.<br />
Many women we interviewed sang the<br />
praises of their house husbands. Melba has<br />
two young daughters and her stay at home<br />
husband keeps the home running smoothly.<br />
“I swear my husband is one of the best house<br />
people in the world. I think he would give a<br />
lot of house wives a run for their money,”<br />
Melba says. And, she’s not alone. According<br />
to Melba, “If you go to the school gates or<br />
the nursery doors now, especially in the UK,<br />
there are just as many dads and granddads<br />
picking the children up as there are mums<br />
and nans.” Jennifer Cook, Senior Vice<br />
President, Immunology and Ophthalmology<br />
at Roche, who has two young sons, agrees.<br />
Her husband, a former biophysicist, retired<br />
several years ago to stay home with the<br />
boys. She says, “My husband loves staying at<br />
home. It’s what he wants. It’s what he chose.<br />
He throws himself into his new role now with<br />
the same intensity that he did with work. He<br />
coaches every team. He volunteers at the<br />
school. He teaches science to the second<br />
graders. He shuttles the boys around. He<br />
volunteers at field trips. He is extremely<br />
engaged with his role as the stay at home<br />
parent.”<br />
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“My career is a three lane highway.<br />
There are times when<br />
I will want to be in the slow lane, times when<br />
I want to go in the middle lane,<br />
and times when<br />
I want to go in the fast lane.<br />
Just make sure<br />
you put your turning signal on.<br />
It is important to communicate which<br />
lane you want<br />
to be in.”<br />
Catherine Langreney, Country CEO Tanzania, Lafarge<br />
2. Articulate your ambitions<br />
If you are a working mother, you will<br />
likely face assumptions that you may<br />
have to overcome: She has kids so can<br />
she really be on the executive team?<br />
Is she going to want to work those<br />
extra hours? Does she really want<br />
that complex project? Yet, if you are<br />
a working mother, you may want a<br />
big-time role. Our executives want to<br />
decide what they can handle. They do<br />
not want the choice made for them,<br />
as one executive notes: “Working long<br />
hours is for me to figure out and make<br />
the choice. I do not want the choice to<br />
be made for me. I want to be the one to<br />
make the decision and work it out. So,<br />
to assume that I cannot take on a senior<br />
role and work beyond 5:00 PM, well,<br />
I have a nanny, and, I can. I will decide<br />
where I can and cannot be and how<br />
to prioritize. If I were a man, nobody<br />
would assume that I need to get home<br />
and feed my children. You don’t need to<br />
protect me on that front. I will work it<br />
out. And, if I cannot do it, I will make<br />
the choice that I cannot do it. Don’t<br />
hold me back based on an assumption.”<br />
It is important to recognize that<br />
assumptions around working mothers<br />
do exist, so you need to make your<br />
ambitions, whatever they may be, clear.<br />
Kristin Peck, Executive Vice President,<br />
Worldwide Business Development<br />
and Innovation at Pfizer explains<br />
how she handles this: “Many people<br />
assume working mothers don’t want<br />
the assignment or they wouldn’t want<br />
to take on the additional role. That is<br />
hard to overcome. However, you do<br />
so by delivering consistent excellent<br />
performance, and by raising your<br />
hand and saying: ‘That sounds great.<br />
If there’s an opportunity for me to<br />
work on that, I’d love it.’ It’s never<br />
demanding things, but letting people<br />
know you are interested.”
Anne-Marie Allgrove, a Partner at<br />
Baker & McKenzie, voices a similar<br />
view: “When I came back from<br />
maternity leave, I put my hand up to<br />
volunteer for travel opportunities. Many<br />
people were surprised. They assumed I<br />
didn’t want to travel. Assumptions get<br />
made. You have to indicate that you<br />
want to be involved in certain things.”<br />
So, if you are a working mother who<br />
is happy to put in the extra hours<br />
or travel, ensure you make those<br />
desires known. Others may assume<br />
that your personal commitments<br />
will prevent you from taking on too<br />
many responsibilities. Speak up and<br />
communicate what you would like to<br />
take on at this point in your life.<br />
3. Make a short list of priorities<br />
Mary Zimmer, Head of International<br />
Wealth – USA and Correspondent<br />
and Advisor Services for RBC Wealth<br />
Management – U.S. believes that one<br />
mistake women make is trying to do it<br />
all. In sharing their experiences, many of<br />
our interviewees adamantly agreed with<br />
this point. We heard comments like: ‘I<br />
don’t have friends’ or ‘I used to have<br />
hobbies – not anymore’. Being a senior<br />
executive means keeping many balls in<br />
the air, but it also requires cutting some<br />
things out of your life. As high achievers,<br />
exceptional women have a strong<br />
sense of what they can handle. Diem<br />
Nguyen, General Manager, Biosimilars<br />
at Pfizer explains: “I stopped trying<br />
to be the person for everybody else. I<br />
didn’t dilute myself. I decided I really<br />
want to be known for two things: to be<br />
a good business leader, particularly in<br />
businesses that are growing… and being<br />
a dedicated mom. Being a dedicated<br />
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mom means different things to different<br />
people – clearly I’m not there to bake<br />
cookies at the bake sale but I make an<br />
effort to be at the center of my children’s<br />
lives. But I also know that I can<br />
only do those two things. I choose to<br />
know what my threshold is of what I can<br />
do well. So, I am very clear about knowing<br />
who I am, what my passions are and<br />
being able to funnel that specifically. The<br />
way I see it, life is so short and you always<br />
wish that you had five more hours<br />
to do this or to do that. Give up this<br />
‘wish’ part and just choose something<br />
that you want and that is important to<br />
you. Be passionate about it, go in there<br />
with zeal and strive for excellence. You<br />
can’t go wrong with that.”<br />
If you have a husband or a partner, our<br />
executives suggest that you prioritize<br />
him or her. As one woman notes:<br />
“The unwritten bit about work-life<br />
balance is your relationship with your<br />
spouse because there is a lot written<br />
about how to combine having a career<br />
with children, and nothing really<br />
written about having a career and also<br />
maintaining your marriage. Every<br />
relationship takes hard work. You have<br />
to invest time. You have to invest<br />
emotional energy. If what you are doing<br />
is giving 100% to your job and looking<br />
after your children, the person that ends<br />
up with no time from you is your spouse.<br />
So, you have to keep an eye on that.”<br />
Mary Zimmer<br />
RBC<br />
Maintaining Your Marriage<br />
Many women mentioned that a supportive<br />
partner had been an essential element of<br />
their success. Yet, with work to get done and<br />
children to care for, these women said that<br />
their partners were too often neglected. As<br />
one woman said:<br />
“The unwritten bit about work-life balance is<br />
your relationship with your spouse because<br />
there is a lot written about how to combine<br />
having a career with children, and nothing<br />
really written about having a career and<br />
also maintaining your marriage. Every<br />
relationship takes hard work. You have to<br />
invest time. You have to invest emotional<br />
energy. If what you are doing is giving 100%<br />
to your job and looking after your children,<br />
the person that ends up with no time from<br />
you is your spouse. So, you have to keep an<br />
eye on that.” So, what can you do?<br />
One woman mentioned that she occasionally<br />
takes her husband on business trips; another<br />
stated that she and her spouse reserve one<br />
night a week as date night. Whatever you and<br />
your partner decide on as a strategy, ensure<br />
that you keep spending quality time with<br />
your spouse high on your priority list.
When it comes to priorities, recognize<br />
that more is not necessarily better. Pick<br />
a few aspects of your work and personal<br />
life and dive into those full force. As<br />
a result, you will excel at what you<br />
choose to focus on and will craft a life<br />
that is meaningful to you.<br />
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to yourself; just have your baby and<br />
then see what you feel like.’ All these<br />
things are quite life changing and you<br />
don’t know how you are going to react<br />
so don’t over-commit yourself before<br />
you know deep in your heart what you<br />
want to do. I always tell everyone it is a<br />
“I always have a picture of my kids on my desk<br />
as a symbol of balance<br />
between my family life and my work.”<br />
4. Pace yourself<br />
As a high-achiever, you may often feel<br />
the need to go full speed ahead. Yet,<br />
slowing down at times can enable you<br />
to embrace other fulfilling aspects<br />
of your life and decrease the risk of<br />
burnout later on. If you are out on<br />
maternity leave, don’t feel like you<br />
need to rush back to the office or<br />
decide too early what your post-baby<br />
work routine will be. One woman<br />
mentioned she returned to work after<br />
only two months with each of her<br />
children. After the birth of her second<br />
child, she was still getting up several<br />
times in the middle of the night and<br />
was exhausted. One day, she fell asleep<br />
behind the wheel, ran her car off the<br />
highway, and was lucky to survive.<br />
Several women mentioned they rushed<br />
back to work and, in hindsight, they<br />
wish they had taken a few extra months<br />
off. Beatriz Araujo, a member of Baker<br />
& McKenzie’s executive committee<br />
advises: “You need to do what is right<br />
for you. A lot of women who are about<br />
to have a baby tell me: ‘I’m going to<br />
come back.’ I tell them: ‘Don’t do that<br />
Fabiana Gadow, Partner, Deloitte<br />
very personal decision. Only you really<br />
know what’s good for you. Don’t try<br />
to be someone else.”<br />
Pacing yourself means setting certain<br />
boundaries. In reality, what those<br />
boundaries are will partly depend on<br />
your company’s norms and culture.<br />
Adhering to these limits, whatever<br />
they may be, takes courage, as<br />
Fabiana Gadow, a Partner at Deloitte,<br />
says: “You are in charge of setting<br />
boundaries and making your own<br />
priorities. I always have a picture of my<br />
kids on my desk as a symbol of balance<br />
between my family life and my work.<br />
This picture also serves as a reminder<br />
that it is important to leave from work<br />
to go home at a reasonable hour. If<br />
you explain why you have to leave to<br />
your boss, peers and team, work very<br />
well and show that you can do the<br />
same job even though you have other<br />
responsibilities, they will likely accept<br />
that. But, you have to have a lot of<br />
courage.”<br />
Companies and senior women<br />
executives can encourage this approach,<br />
as pacing yourself, working part-time or<br />
walking out of the office in the evening<br />
to get home for a family meal becomes<br />
much easier when senior leaders at<br />
your organization model this type of<br />
Fabiana Gadow<br />
Deloitte<br />
behavior. Elissa Crowther-Pal, Head<br />
of Wealth Services, Westpac Private<br />
Bank at BT Financial Group explains<br />
the importance of this in her company:<br />
“Westpac’s CEO Gail Kelly is a very<br />
visible leader who sets what the cultural<br />
values are and how we are living and<br />
breathing them. This is really important<br />
because it becomes a reference point<br />
for everyone else. So, for instance, Gail<br />
will say, ‘flexibility is really important<br />
to me’. So by saying this, she sets the<br />
context for how things happen in the<br />
work place.”<br />
OWN: Your Opinion<br />
In a junior-level role, you may<br />
find difficulty in getting your voice<br />
heard. This problem varies between<br />
individuals, as bringing your opinion<br />
to the table is more of a challenge for<br />
some women than others. Carol Chan,<br />
a Managing Director for Credit Suisse<br />
in Singapore, thrives off the energy of<br />
her team and has always been quite<br />
vocal, but she believes Asian women
must overcome certain assumptions:<br />
“As an Asian woman, there is a certain<br />
perception that because you come from<br />
an Asian society, you are not that vocal.<br />
How I overcome this perception is by<br />
speaking my mind and being vocal in<br />
terms of my ideas. Not saying anything<br />
at the meeting is unacceptable.”<br />
How and when you voice your opinion<br />
will partly depend on your company<br />
culture and perhaps the geographic<br />
region in which you work. Thus, it is<br />
important to be aware of those nuances.<br />
Furthermore, there were some extroverts<br />
among our interviewees who mentioned<br />
that they had never shied away from<br />
speaking up at a meeting or expressing<br />
their point of view. But, no matter your<br />
personality type, here are a few things<br />
for you to consider, as you figure out<br />
how you can own your opinion and<br />
bring your voice to the table.<br />
1. Prepare<br />
Don’t wing it. Many of these women<br />
are the most over-preparers you will<br />
ever meet. Whether they are talking<br />
for five minutes to MBA students<br />
or meeting with the CEO, they do<br />
extensive homework and analysis in<br />
advance. As Jane McAloon, Group<br />
Company Secretary at BHP Billiton<br />
notes: “When I first started my career,<br />
every time I went into a meeting or<br />
had an engagement with my manager<br />
or colleagues, I would always think<br />
about what I could contribute. I would<br />
think about this well in advance and<br />
plan and prepare. I would never go into<br />
a meeting where we were looking for<br />
next steps on something without having<br />
thought through my ideas and what I<br />
could contribute. I still do this now.”<br />
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Therese McGrath, General Manager,<br />
Finance Strategic Development at ANZ<br />
offers a useful preparation tactic: ask<br />
someone to plant a question. Therese<br />
grew up in a family of six children so<br />
she had to learn at an early age how<br />
to get her voice heard – otherwise,<br />
as the second youngest, she would<br />
be drowned out. Today, as a senior<br />
executive, she helps junior women<br />
get their voices heard and explains how<br />
you can proactively manage this process:<br />
“I have learned to direct a question<br />
that is in the knowledge zone of the<br />
junior women that are at the table so<br />
I can open the conversation for them<br />
and get their voices heard. Once the<br />
conversation is open and their voices<br />
have been heard, they can become part<br />
of the dialogue at the table. Sometimes,<br />
before the meeting, I ask them the<br />
question so I can get their voice<br />
heard upfront.” Moreover, she also<br />
recommends that you should adapt this<br />
method and ask someone beforehand to<br />
raise a specific question in the meeting<br />
– one that will enable you to join the<br />
discussion and get your voice heard.<br />
2. Be the content expert<br />
At junior levels, you have the<br />
opportunity to be the content expert<br />
and the ‘go to person’ in the area you<br />
are asked to work on. At this stage,<br />
don’t stay in teacher-pupil mode:<br />
realize that you probably know just<br />
as much (or even more!) about your<br />
content area than your senior-level<br />
colleagues, since you are the one that<br />
is closest to the data. Do extra data<br />
crunching and analysis in the specific<br />
area you are asked to work on, and have<br />
the confidence to voice your opinion<br />
on your topic of expertise.<br />
Speak Up!<br />
Here are five tips for getting your voice<br />
heard at a meeting:<br />
1. Prepare<br />
Don’t wing it. Do extensive homework and<br />
analysis in advance of the meeting. Consider<br />
planting a question.<br />
2. Be the content expert<br />
At junior levels, you have an opportunity to<br />
be the content expert in the area you are<br />
asked to work on. Don’t spread yourself too<br />
thin – nail your content area and speak up<br />
when the conversation turns to your area of<br />
expertise.<br />
3. Have a point of view and a solution<br />
Be solutions-oriented. Try saying: ‘X is the<br />
challenge and one way we could address it<br />
is Y.’<br />
4. Be concise<br />
Articulate your point of view in a brief<br />
manner and then listen to what others have<br />
to say.<br />
5. Say it with authority<br />
Tone matters. Voice your opinion with<br />
confidence and conviction.
3. Have a point of view and a solution<br />
Come to a meeting with a point of<br />
view. What’s more: be comfortable<br />
expressing your view even if it is the<br />
alternative viewpoint. Realize that it is<br />
okay if your idea challenges the status<br />
quo or is not in agreement with your<br />
colleagues or manager as long as you<br />
voice your opinion in a way that is<br />
respectful, solutions-oriented and in<br />
line with your company’s culture. Mary<br />
Ellen Brown, Director, Retail Credit<br />
Transformation at RBC says: “I have<br />
always felt comfortable expressing a<br />
different opinion and voicing myself.”<br />
Also, be sure to have a point of view<br />
and to propose a solution. Kristin Peck,<br />
Executive Vice President, Worldwide<br />
Business Development and Innovation<br />
at Pfizer believes: “One of the reasons<br />
why I have been valued is that I come<br />
with a point of view and a solution. It’s<br />
not enough to just say: ‘I disagree’ or<br />
‘I don’t think that will work.’ Instead,<br />
say: ‘X is the challenge and one way<br />
we could address it is Y.’ Be solutionsoriented.”<br />
4. Be concise<br />
Realize that getting your voice heard<br />
does not necessarily mean being the<br />
loudest person at a meeting or talking<br />
a lot. Earlier in their careers, several<br />
women noted that they had received<br />
the feedback, ‘she doesn’t say much<br />
but when she has a point to make,<br />
everybody listens.’ They view this as a<br />
positive attribute. Siri Quisman, Lead<br />
Drilling Engineer at A.P. Moller-Maersk<br />
explains: “Don’t talk to have your voice<br />
heard, but rather talk when you have<br />
something to say. Talk when you truly<br />
have something to contribute or when<br />
you have something to ask.” The advice<br />
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is clear: articulate your point of view in<br />
a crisp and succinct manner and then<br />
listen to what others have to say.<br />
Mary Anne<br />
Wiley<br />
BlackRock<br />
5. Say it with authority<br />
Tone matters. Have the courage of<br />
conviction, and voice your opinion<br />
with authority. Mary Anne Wiley,<br />
Managing Director, Head of iShares<br />
Canada at BlackRock uses a useful<br />
technique: “Early on I was given the<br />
advice that leaders consume time and<br />
space. The way leaders consume time<br />
is by speaking. In order to consume<br />
space, sit up at the table, or, if you are<br />
on the phone, stand. For example,<br />
BlackRock is a global organization so<br />
it can be difficult to be heard on the<br />
phone. When I am on conference calls,<br />
I use a headset and I stand. That way,<br />
I feel more physically engaged in the<br />
conversation and standing opens up my<br />
lungs so my voice is more powerful.”<br />
Also, understand that, in addition to<br />
your preparation, it is important to<br />
be able to go with your gut. This is<br />
particularly important in the complexity<br />
of today’s world: you can’t have all the<br />
answers or constantly look into the<br />
history books to know how to move<br />
forward. So, you will need to craft your<br />
opinion, and voice it with confidence. As<br />
Adele Gulfo, Regional President, Latin<br />
America, Emerging Markets Business<br />
Unit at Pfizer says: “You can’t say: ‘I<br />
said it and no one heard and then a guy<br />
said it and they all paid attention.’ Well,<br />
yeah. How come you let that happen?<br />
Did you say it as authoritatively? What<br />
did you say? Own it. If you want to be<br />
heard, make your point of view clear,<br />
articulate and say it with authority.”<br />
OWN: Your Network<br />
ANZ operates in 32 countries and<br />
provides a range of banking and<br />
financial products to eight million<br />
customers worldwide. In this<br />
organization, the opportunities<br />
to move around the globe with<br />
the company are rich and Therese<br />
McGrath, General Manager, Finance<br />
Strategic Development at ANZ has<br />
taken full advantage. She estimates<br />
that in her career, she has moved<br />
twenty times. This globetrotter has<br />
learned the importance of building<br />
her network each time she relocates:<br />
“At one point early on in my career,<br />
I relocated to Spain. The thing I did<br />
wrong there was that I worked seven<br />
days a week, all day. When I first got<br />
there, my new colleagues offered me<br />
the opportunity to go out with them<br />
but I was so focused on work that I<br />
consistently said no. But, the problem<br />
is that when you finally get your head<br />
out, people are less likely to present you<br />
with the opportunities to socialize. You<br />
can become quite isolated. So, what I<br />
took away from that was: always say yes<br />
when people offer you an opportunity.<br />
The informal networking connection<br />
happens very quickly because people<br />
are quite generous with you when you<br />
move into these roles. So, after going<br />
through this sort of situation in Spain,
I have adopted this approach ever since,<br />
and have found building networks to be<br />
easier as I move around.”<br />
The women we interviewed are focused<br />
and results driven but are always aware<br />
that it is naïve to take the view that<br />
politics don’t matter. It is important<br />
to leave some bandwidth around the<br />
edge for the softer stuff – such as a<br />
catch up over coffee or an informal<br />
chat. Why? In short, it is easier to do<br />
business effectively if you have solid,<br />
trusted networks. These women are<br />
quite deliberate and proactive in<br />
cultivating their networks. Here is some<br />
advice they give on how you can take<br />
charge of owning your network.<br />
Erin Chapple<br />
Microsoft<br />
1. Form your own personal board of<br />
directors<br />
Once a quarter, Erin Chapple,<br />
Partner Group Program Manager<br />
in the Server and Cloud Division at<br />
Microsoft gets together with a group<br />
of four women that she refers to as her<br />
Board of Directors. The women are<br />
all from Microsoft and were originally<br />
introduced over eight years ago by a<br />
Vice President at the company. Long<br />
after the VP had left the division,<br />
the relationship these women have<br />
developed keeps growing. They have<br />
been meeting regularly ever since. Erin<br />
explains how this board works: “The<br />
four of us are in similar places in our<br />
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careers and personal lives and we have<br />
the belief that there is no competition<br />
between us. Each quarter we spend a<br />
day together. Usually we include a social<br />
activity such as dinner or the spa and we<br />
share ideas and do peer mentoring.”<br />
Several women mentioned that they<br />
have a personal board of directors that<br />
typically consists of people from both<br />
inside and outside their firms. These<br />
personal advisory boards include such<br />
people as their moms, siblings, partners,<br />
college classmates, past professors, or<br />
colleagues from previous companies.<br />
These advisory groups serve as valuable<br />
sounding boards for the variety of<br />
challenges that women in senior roles<br />
face, including: balancing work and<br />
family, career switches, difficult projects<br />
and much, much more.<br />
2. Plot your circles of influence<br />
Knowing all the stakeholders in your<br />
ecosystem at work is critical to success.<br />
The leaders at BlackRock advocate a<br />
concept called ‘circles of influence’.<br />
This is essentially a stakeholder mapping<br />
exercise, where you plot your current<br />
level of closeness to key stakeholders<br />
and proactively determine how you will<br />
get to know them better. Juliet Bullick<br />
from BlackRock explains: “Think about<br />
the people you work with. Where<br />
would you plot them on your circle<br />
of influence? Perhaps the person you<br />
sit next to at work and deal with every<br />
half hour is a ‘one’, maybe your boss<br />
is a ‘two’, etc. If you plot out several<br />
circles to a level ‘five’ or ‘six’, where<br />
would you plot the closeness of your<br />
relationships as they are today? Most<br />
importantly, where would you like those<br />
relationships to be? You need to be<br />
deliberate about how you are going to<br />
bring people closer to you in order to<br />
make you more effective in your role.”<br />
3. Realize the power of your women’s<br />
network<br />
Given that there are few senior-level<br />
women at most global organizations,<br />
one might assume that they would<br />
know each other well. Unfortunately,<br />
this is not necessarily the case, as Anne<br />
Weisberg, Global Director of Diversity<br />
and Inclusion at BlackRock observes:<br />
“There is a tremendous sense of<br />
isolation for women. The senior-level<br />
women just do not know one another.<br />
In any organization that I have assessed,<br />
it has been a consistent theme that the<br />
senior women do not know each other.<br />
Why? Because there are so few of them,<br />
they are dispersed and do not know one<br />
another. We need to create opportunities<br />
for them to meet one another!”<br />
We often hear about how to break<br />
into the old boy’s network. Yet, the<br />
women we interviewed highlighted the<br />
importance of connecting with other<br />
women. It may be tempting to skip<br />
a women’s networking event at your<br />
organization – but don’t! Donna<br />
Coallier, a Partner at Pricewaterhouse-<br />
Coopers says: “Don’t underestimate<br />
the power of your women’s network.<br />
What I have found in the last few years<br />
is that having a women’s professional<br />
network is equally as valuable as the<br />
male network. I have powerful women<br />
that are clients, potential clients, or in<br />
academia – and, over the past five to<br />
seven years, my women’s network has<br />
proved to be quite valuable. My advice is<br />
that the more diverse your network, the<br />
more powerful it is.”
Apply!<br />
Many women observed a common trend:<br />
women don’t apply for job openings that<br />
are a bit of a stretch. They explained that<br />
solutions require a two-way street: women<br />
need to apply for stretch roles and leaders at<br />
companies must encourage women to apply.<br />
For example, the theme of Pfizer’s women’s<br />
initiative is ‘Raise Your Hand’ and inspires<br />
women to put themselves forward. Women<br />
also need the courage to apply, as Susan<br />
Silbermann, President & General Manager,<br />
Vaccines at Pfizer explains:<br />
Taking Charge<br />
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24<br />
OWN: Your Career<br />
In 2011, Pfizer created OWN IT! –<br />
a new culture model for the entire<br />
organization. According to Susan<br />
Silbermann, President & General<br />
Manager, Vaccines at Pfizer, an<br />
important part of this culture is: “You<br />
own your career. Pfizer is not in charge<br />
of you. Pfizer is not taking care of<br />
your career. Pfizer has to take care of<br />
the development, environment and<br />
inclusive context of the enterprise. But,<br />
you are taking care of your career.”<br />
“Research shows that if there is a job This mindset is typical of top female<br />
opening and there are ten things you need executives. They think like entrepreneurs.<br />
for the job and the candidates, male and They take responsibility for making<br />
female, each have achieved six of the ten, things happen and the choices they<br />
this is what happens: When you ask the men: make. They feel accountable for the<br />
‘The job profile says you need to have done business as if they owned it. As Ellen<br />
these ten things and you have only done six. Walsh, a Partner at Pricewaterhouse-<br />
Why did you apply?’ The man’s response is: Coopers explains: “What I enjoy is the<br />
‘I’ll just learn it on the job. I’m really good<br />
at those six things. I’ll learn the other four.’<br />
But, you ask the woman and she responds: ‘It<br />
says you need to have done ten. I’m not going<br />
to apply. I wouldn’t make it.’ Women need to<br />
adopt more of an attitude like: ‘If I can do six,<br />
then I can do ten. I’m going to raise my hand.<br />
I’m going to put my hat in the ring. I’m going<br />
to go for this job.’” ability to be an entrepreneur, but within<br />
a big firm with a global reputation<br />
and scale. What I have always loved<br />
about PricewaterhouseCoopers is<br />
that it is the best of both worlds. We<br />
are a huge global firm but we are, in<br />
many respects, a collection of smaller<br />
businesses. This has allowed me to<br />
bring that entrepreneurial spirit to a big<br />
firm environment.” These women are<br />
relentless problem solvers, proactively<br />
offering solutions to the challenges<br />
their companies face. They put forth<br />
innovative ideas. They step up to take<br />
on a project themselves, rather than<br />
waiting for someone else to do it. As a<br />
result, they get promoted to run both<br />
teams and initiatives. In short, they<br />
own their career destiny. Why? Because<br />
they are viewed as someone who will<br />
execute, deliver and get it done. Our<br />
interviewees give two important pieces<br />
of advice that will enable you to own<br />
your career: firstly, raise your hand and,<br />
secondly, color outside the lines. In<br />
other words, step up to the plate and<br />
take charge in a way that suits your style<br />
and company culture.<br />
“What I enjoy is the ability to be an entrepreneur,<br />
but within a big firm.”<br />
Ellen Walsh, Partner, PricewaterhouseCoopers<br />
Ellen Walsh<br />
PwC<br />
1. Raise your hand<br />
Until Susan Silbermann, President and<br />
General Manager, Vaccines at Pfizer,<br />
was ten years old, her grandmother<br />
lived with her family. Since her mother<br />
worked as a department store executive,<br />
Susan’s grandmother was the one that<br />
was home when Susan returned from<br />
school. Her grandmother had high<br />
standards: “I remember my early years<br />
in school when I would come home<br />
and say, ‘I got a 98 on my test’ and my<br />
grandmother would say ‘did anybody
get 100?’ Looking back at it years later,<br />
this little comment made me realize<br />
that you can’t be satisfied until you<br />
make or beat your numbers.” Today,<br />
at Pfizer, Susan runs a four billion<br />
dollar business that encompasses several<br />
thousand people. Susan attributes<br />
many reasons for her success, including<br />
both her inner drive to deliver and<br />
the influence of powerful women role<br />
models, such as her grandmother and<br />
mother. Significantly, Susan has found<br />
that one attribute, in particular, has<br />
been essential: having the courage to<br />
raise her hand.<br />
Susan joined Pfizer as a newlyminted<br />
MBA, with a desire to have an<br />
international career. After two years at<br />
the company, Susan approached the<br />
senior leaders on her team and asked<br />
if she could work for Pfizer in Europe.<br />
They asked her to wait a bit, saying she<br />
was too junior. A few years later, Susan<br />
got her wish: she moved to Italy to work<br />
on an assignment. Even though the<br />
result was not immediate, raising her<br />
hand paid off eventually. Susan believes,<br />
“the biggest problem for women is that<br />
they don’t raise their hands. Women are<br />
not encouraged to raise their hands. We<br />
are told to be quiet and not to speak<br />
until spoken to. Women, generally<br />
speaking, are not the ones to offer to<br />
do something. They are the ones to be<br />
asked to do something. Chances are<br />
women have been promoted because<br />
someone else came to them and said:<br />
‘Are you interested in this job?’ One of<br />
the things young women need to start<br />
doing more of is raising their hand.”<br />
Our executives suggest you seize<br />
opportunities, put yourself forward<br />
Taking Charge<br />
OWN<br />
25<br />
and be confident in the value that you<br />
bring, whether you are asking for a<br />
pay raise, applying for a position, or<br />
requesting to be put on an international<br />
assignment. Of course, it is important<br />
to raise your hand in a way that fits<br />
your organization’s culture. Susan’s<br />
advice is clear, “Women need to adopt<br />
the attitude: I’m going to raise my<br />
hand. I’m going to put my hat in the<br />
ring. I’m going to go for this job.”<br />
DTTL in the United States where<br />
she lives with her husband, who<br />
is from India. The experience of<br />
international travel definitely made a<br />
profound impact on this rising leader,<br />
giving rise to a passion for crosscultural<br />
communication and inclusive<br />
leadership skills development. She has<br />
turned this passion into high-value<br />
initiatives for the Deloitte network,<br />
first at Deloitte Consulting LLP in<br />
“I am really passionate about<br />
‘boundary spanning’ -<br />
connecting people to each other and giving them<br />
access to<br />
valuable information.”<br />
Stephanie Quappe, Senior Manager, Global Diversity, Deliotte Touche Tohmatsu Limited<br />
Raising your hand also means taking<br />
the initiative to solve problems yourself.<br />
An interesting quality of our women<br />
executives is that, while they work for<br />
large global enterprises, they think like<br />
entrepreneurs. They treat the business<br />
as if it were their own. They know<br />
there is always something on their desk<br />
that they can influence. Exceptional<br />
women leaders don’t let challenges get<br />
in their way. Rather, they are proactive<br />
problem solvers, raising their hands to<br />
offer solutions.<br />
Take Stephanie Quappe, Senior<br />
Manager, Global Diversity at Deloitte<br />
Touche Tohmatsu Limited (DTTL).<br />
Stephanie grew up in Germany, spent<br />
part of her early career working in<br />
France and the UK, traveled the world<br />
for a year, and currently works for<br />
the U.S., and now as a member of the<br />
DTTL Global Diversity team. While<br />
working at Deloitte Consulting LLP<br />
in the U.S. and being a member of<br />
the International Business Resource<br />
Group, she initiated the development<br />
of the International Buddy Program<br />
(iBuddy program). Now in its sixth<br />
year, the program helps set new<br />
international hires up for success by<br />
matching them with a local buddy and<br />
engaging them in conversations about<br />
cultural differences and expectations<br />
related to working in the United States.<br />
In her current DTTL role, Stephanie<br />
collaborates with the member firms to<br />
build awareness, understanding, and<br />
implementation of diversity practices<br />
that enable successful cross-cultural<br />
collaborations and business results. At<br />
events like the International Student
Forum, she continues to facilitate<br />
“working across cultures” sessions<br />
that focus on teaming effectively with<br />
others who have different working<br />
styles. Recognizing the value of<br />
sharing issues, solutions, and practices,<br />
Stephanie, together with the rest of<br />
the DTTL Global Diversity team,<br />
founded a Community of Practice<br />
with over 300 registered members<br />
from across the global network. She<br />
also took the initiative to compile an<br />
international diversity best practices<br />
book for the Deloitte network that<br />
catalogs member firm diversity practices<br />
in 100 countries. Stephanie notes: “I<br />
am really passionate about ‘boundary<br />
spanning’ – connecting people to<br />
each other and giving them access to<br />
Taking Charge<br />
OWN<br />
26<br />
rare: associates are typically dependent<br />
on having an infrastructure and hours<br />
provided to them. But Liz took the<br />
initiative to develop the practice.<br />
She says: “It just seemed like an<br />
opportunity that was right and it would<br />
have been inappropriate to ignore.<br />
I was willing to be a pioneer.” How<br />
did Liz succeed? She explains: “The<br />
way I lead is by engaging people. I’m<br />
able to absorb and use the ideas of<br />
many intelligent members of our firm<br />
as opposed to going it alone with the<br />
limitations of my own thought process.<br />
You never want to take a risk without<br />
the input of other intelligent people<br />
that might refine your idea to give it<br />
the best chance of success.”<br />
“If you have the right idea,<br />
you should raise your hand and volunteer to lead.<br />
Be a problem solver,<br />
not a problem identifier.”<br />
valuable information. That is what I<br />
am meant to be doing. I am passionate<br />
about connecting the dots and coming<br />
up with something bigger and better<br />
because people build on each-others<br />
diverse perspectives and strengths.”<br />
Consider Liz Espin Stern, Managing<br />
Partner, Washington D.C. at Baker &<br />
McKenzie. As a third year associate,<br />
Liz took the lead on launching an<br />
immigration practice at a time when<br />
many large law firms did not necessarily<br />
have immigration practices. Launching<br />
such a practice so early in her career is<br />
Julie Coffman, Partner, Bain<br />
After taking the initiative or solving a<br />
problem, it is also essential to you tell<br />
people what you did. Agnes Grimont,<br />
Talent Development Manager at GDF<br />
Suez has often seen this problem: “In<br />
general, women are good at producing<br />
results but not so good at advertising<br />
the results they have produced. Often,<br />
women do well in school, and when<br />
you do good work in school, you are<br />
rewarded with a high grade. At work,<br />
you must speak up when you do good<br />
work.” Likewise, Sonia Artinian,<br />
Country CEO of Romania at Lafarge<br />
suggests: “Do what you say and say<br />
Liz Espin Stern<br />
Baker &<br />
McKenzie<br />
what you do.” This view is shared by<br />
Tracey Edwards, Managing Principal<br />
Global Shared Services and Global<br />
Chief Knowledge Officer at Deloitte,<br />
who offers the following advice: “Many<br />
women believe that if they do a good<br />
job, it will be noticed and they will be<br />
rewarded. But, you have to be able to<br />
say: I did this, I did a good job and I<br />
want that considered. For example you<br />
could say, ‘hey I did all of this, happy<br />
to have done it, but I know there is<br />
this M&A transaction that is about to<br />
happen and I would like to work on<br />
that.’ Women need to get better at this.”<br />
Clearly, taking the initiative is a<br />
fundamental aspect of becoming<br />
successful, as Julie Coffman, a Partner<br />
at Bain explains: “I was always taught<br />
that if you have the right idea, you<br />
should raise your hand and volunteer<br />
to lead. Be a problem solver, not a<br />
problem identifier.” So, come to the<br />
table with ideas. Don’t wait to be<br />
asked to do something. Get behind the<br />
steering wheel. Initiate. Take ownership<br />
and fix a problem. It is a sure thing that<br />
your boss and your team are extremely<br />
busy, and you will be valued if you raise<br />
your hand and volunteer to take on a<br />
challenge yourself.<br />
2. Color outside the lines<br />
When Adele Gulfo, Regional President,<br />
Latin America, at Pfizer was in first
grade, she hated coloring inside the<br />
lines, and vividly remembers saying<br />
to her teacher, ‘Don’t make me sit<br />
here and color inside the circle’. Meet<br />
Adele and you will soon realize that<br />
not much has changed since first grade.<br />
She looks for the well-worn path, the<br />
tried and true, for where she is going<br />
to be comfortable – and then she does<br />
the opposite. As she says, “If you’re in<br />
your comfort zone, if you’re not on the<br />
edge, then you’re taking up too much<br />
room… It’s like skiing. I started skiing<br />
very late and I remember my instructor<br />
telling me: ‘See the hill. You have to<br />
lean in.’ And I thought, ‘I’m going to<br />
kill myself leaning in!’ Skiing is very<br />
much like your career. You have to lean<br />
into it, embrace it, take it head on and<br />
not be afraid to try new things.”<br />
Adele is not tentative about exploring<br />
possibilities, and going for an<br />
opportunity. Her attitude was clearly<br />
evident when she decided to lead the<br />
market development and launch of the<br />
drug Lipitor: “When I was in global<br />
marketing for Warner-Lambert (now<br />
Pfizer), I was approached by their<br />
marketing organization to lead the<br />
drug Accupril – one of the company’s<br />
most important brands. It was a brand<br />
I knew well, and it would have been<br />
a promotion and a very comfortable<br />
move for me. Simultaneously, Warner-<br />
Lambert was putting together a small<br />
team to better understand the potential<br />
of the statin drug Lipitor, which was<br />
in trials at the time. They approached<br />
me about a lateral move to the Lipitor<br />
team, to begin strategizing its potential<br />
launch into an already very satisfied<br />
and crowded statin market. So I had<br />
a choice: take the promotion and an<br />
Taking Charge<br />
OWN<br />
27<br />
easy transition to Accupril, or make a<br />
lateral move to join the Lipitor team,<br />
an unapproved drug facing daunting<br />
odds. I took the chance on Lipitor,<br />
which became the best-selling medicine<br />
in the history of the pharmaceutical<br />
industry. This move gave me the<br />
foundation to succeed beyond my<br />
wildest imagination.”<br />
Coloring outside the lines means<br />
offering innovative ideas and taking<br />
risks in a way that fits your personality<br />
and company culture. Several women<br />
described themselves as fearless,<br />
and they valued the ability to seize<br />
opportunities, embrace new challenges<br />
and take risks. Essentially, they advise<br />
it is important to lead with a positive<br />
“I can remember<br />
saying to my teacher,‘don’t make me sit here<br />
and color inside the circle.’<br />
Coloring inside the lines was what<br />
I hated<br />
more than anything.”<br />
Adele Gulfo, Regional President, Latin America, Emerging Markets Business Unit, Pfizer<br />
Adele is a rare combination: a scientist<br />
by training, she is highly analytical, yet<br />
also willing to go with her gut. She<br />
explains the benefits of this mix of<br />
attributes: “Other people may think:<br />
‘Where’s the analytics? How do we<br />
know it’s going to work?’ I say: ‘Who<br />
knows? Pick up the phone and give<br />
them a call. It’s like we are going on<br />
a date. It’s not like we have to get<br />
married.’” Adele lives in the ‘not yet<br />
possible’ world. She has endless ideas,<br />
many of which are shaping the future of<br />
healthcare. “I think that what makes me<br />
feel good is starting things off, seeing<br />
action and doing things that are not on<br />
that well-worn path... I love anything<br />
that is game changing, or redefines a<br />
moment in time... What really excites<br />
me is always looking for new ways to<br />
do things and create value, have impact<br />
and redefine.”<br />
and resounding ‘yes’! This approach<br />
is echoed in the advice from Hilary<br />
Crowe, General Manager, People<br />
Partnering at National Australia<br />
Bank: “If you are a high performer,<br />
people will offer you opportunities. It<br />
is important to be thoughtful about<br />
these opportunities and recognize the<br />
need to take risks and say yes.” The<br />
experience of our interviewees bears<br />
this out, as their calculated risks paid<br />
valuable dividends for their companies<br />
and their careers.<br />
For instance, consider the example<br />
of Charlotte Fondin, an Operations<br />
Manager at A.P. Moller-Maersk who<br />
took a position in Guinea, even though<br />
others were telling her that West Africa<br />
was too dangerous and she would<br />
be better off working in the United<br />
Kingdom. Charlotte explains: “For
Taking Charge<br />
“If you’re not on the edge,<br />
then you’re taking up too much room. It’s like skiing.<br />
I started skiing very late and I remember<br />
my instructor telling me:<br />
‘See the hill. You have to lean in.’<br />
And I thought, ‘I’m going to kill myself leaning in!’<br />
Skiing is very much like your career.<br />
You have to lean into it,<br />
embrace it, take it head on<br />
and not be afraid to try new things.”<br />
me, the opportunity to go and work<br />
somewhere like West Africa was too<br />
good a personal experience to pass up<br />
on. It turned out to be a really good<br />
experience. The team I had there was<br />
great. I am not afraid of challenges.<br />
I am willing to take risks. Trying<br />
something new has worked for me in<br />
business and in my life choices. Going<br />
to Guinea was one of those big risks<br />
where a lot of people told me that I was<br />
making a big mistake but it was one of<br />
the most enjoyable experiences I’ve had.”<br />
OWN<br />
Adele Gulfo, Regional President, Latin America, Emerging Markets Business Unit, Pfizer<br />
Sandra de Castro<br />
National<br />
Australia Bank<br />
Sandra de Castro, Chief Marketing<br />
Officer at National Australia Bank<br />
agrees: “It is important to “Give it a<br />
Go!” You never know until you try and<br />
don’t die wondering. No one knows<br />
28<br />
all the answers so jump in. Don’t<br />
apply the handbrake – there is always<br />
a way.” Many women mentioned that<br />
risk-taking is a two way street: they<br />
had to be willing to take a risk, and<br />
the company had to be prepared to<br />
take a risk on them. Take the case of<br />
Corinne Chant, a Marketing Director<br />
at Danone. Corinne was Marketing<br />
Manager of Activia, a brand of yogurt<br />
owned by Danone. Typically, the next<br />
step on the career ladder would be a<br />
promotion to Marketing Director in<br />
one of Danone’s smaller markets, such<br />
as Greece or Portugal. But, Corinne<br />
had roots in London: her husband’s<br />
career was there and she would soon<br />
give birth to her first child. She told<br />
her manager at Danone that she was<br />
ready to be a Marketing Director<br />
“It is important to<br />
Give it a Go!”<br />
in the United Kingdom. The move<br />
would skip a traditional step on the<br />
career ladder, but she wanted, and was<br />
ready, to make the leap. The leaders at<br />
Danone took a risk on Corinne and she<br />
is thriving in her new role. In global<br />
corporations, international mobility is<br />
often a prerequisite for promotions into<br />
the senior ranks. In some organizations,<br />
changing such current thinking and<br />
practices may not work or could require<br />
significant culture change. Yet, Corinne’s<br />
story demonstrates that when leaders<br />
keep an open mind towards traditional<br />
career paths and place bets on the right<br />
people, international mobility might not<br />
have to be the only route to success.<br />
The experiences and insights of our<br />
top female executives clearly demonstrate<br />
the importance of owning<br />
your choices, taking personal responsibility<br />
and being proactive. In essence,<br />
success requires you to OWN your<br />
career. Their advice is clear: own the<br />
trade-offs you are prepared to make,<br />
and own your opinions, your network,<br />
and your career choices. The lesson<br />
is that you should step up and take<br />
control of determining the work and<br />
personal life that you find fulfilling.<br />
In the next section, we move onto<br />
the final part of our roadmap: to repay<br />
your success, encourage others, and<br />
leave a legacy.<br />
Sandra de Castro, Chief Marketing Officer, National Australia Bank
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29
Taking Charge<br />
REPAY<br />
“I measure my success by the impact I make.”<br />
Rana Ghandour Salhab, Partner, Deloitte<br />
30
Taking Charge<br />
REPAY<br />
31<br />
Repay<br />
No person is an island, and these<br />
women believe they owe a debt of<br />
gratitude to those that helped them<br />
to succeed. They have climbed the<br />
ranks thanks, in part, to the help and<br />
support of others – from family and<br />
friends to colleagues and mentors. For<br />
this reason, the women we interviewed<br />
all believed that it is necessary to<br />
REPAY this support and encourage<br />
others. Regardless of any of the usual<br />
competitiveness that often comes to<br />
the fore in business, repaying this favor<br />
and supporting others was a common<br />
and refreshing theme. From our<br />
research, it was clear that the women<br />
we interviewed are deeply invested in<br />
the success of their communities, team,<br />
customers and the next-generation of<br />
women leaders. To repay should not be<br />
dismissed as altruism; it has significant,<br />
long-term advantages for companies,<br />
given its role in providing opportunities<br />
for and the promotion of talented,<br />
committed and successful women.<br />
Importantly, for our executives, it is<br />
a key way they measure their success.<br />
Quite simply, it matters to them to<br />
make a difference: to help others<br />
succeed is a valued part of their legacy.<br />
As a rising woman leader, you certainly<br />
have many goals you want to achieve.<br />
But, it is not too early to start thinking<br />
about the legacy you want to leave and<br />
the impact you would like to make on<br />
the world around you.<br />
REPAY: Your Community<br />
ANZ’s Corporate Responsibility<br />
Framework centers on the tagline ‘We<br />
live in your world’. The exceptional<br />
women leaders at ANZ breathe life<br />
into this slogan, finding a deep sense of<br />
purpose in investing in the communities<br />
where the bank operates.<br />
Consider Susan Yuen, Chief Executive<br />
Officer for the Hong Kong branch of<br />
ANZ. Susan’s father was Chief of Police<br />
in Malaysia at a time when the country<br />
lucky enough to be sent to the UK for<br />
boarding school for security purposes.<br />
Even school was a risk because anyone<br />
could have kidnapped me or planted a<br />
bomb.” Such a childhood uncertainty<br />
brought many challenges, but had a<br />
“Success to me is about a legacy.<br />
The legacy may not necessarily be in<br />
monetary form.<br />
It can be in the form of: What do I add to the lives<br />
of the staff or to the community?<br />
How do I bring people<br />
along with me?<br />
ANZ has been a fantastic platform<br />
for me to be able to do this.”<br />
was in the midst of upheaval. She<br />
grew up in a world of power struggles,<br />
where violence was always a lingering<br />
possibility. She recalls, “My father’s<br />
life was threatened, as was mine. I was<br />
Susan Yuen, Chief Executive Officer, Hong Kong, ANZ<br />
Susan Yuen<br />
ANZ<br />
profoundly-positive impact on Susan.<br />
“From a young age, my father instilled<br />
in me a sense of integrity, resilience<br />
and leadership. He taught me to<br />
always do what is right. These were
the values I was built with and born<br />
into.” In ANZ, Susan has found an<br />
organization that resonates with her<br />
own values: “Because of the role that<br />
I’m in, I’m able to give back to society.<br />
That’s a very important part of one’s<br />
life. Success to me is about a legacy.<br />
The legacy may not necessarily be in<br />
monetary form. It can be in the form<br />
of: What do I add to the lives of the<br />
staff or to the community? How do I<br />
bring people along with me? ANZ has<br />
been a fantastic platform for me to be<br />
able to do this. What have I done in<br />
Hong Kong? Whilst building the bank,<br />
which is good for the shareholder, from<br />
a community and people perspective, I<br />
have set up a Corporate Responsibility<br />
Council, with a number of young<br />
individuals from ANZ as members of<br />
the Council so that these passionate<br />
people can start to give back to the<br />
community early on in their career.<br />
By doing so, the team, has developed<br />
priorities for the Bank in Hong Kong<br />
and one of such is the Money-Minded<br />
Program which is rolled out to underprivileged<br />
children in Hong Kong with<br />
quite a number of staff as facilitators<br />
for the program. This to me is success<br />
as it would be bringing people along<br />
with you in the journey and we leave a<br />
legacy in the lives that we impact.”<br />
What’s more, a few years ago, Susan<br />
decided to take up oil painting. She was<br />
such a prolific painter that she painted<br />
over a hundred pieces of art. At first, she<br />
wasn’t sure about what to do with all the<br />
paintings. Her solution? She sold them<br />
for charity and built a trust worth nearly<br />
$200,<strong>000</strong>. She put the money towards<br />
funding the education of an orphan,<br />
who is now a doctor in Malaysia.<br />
Taking Charge<br />
REPAY<br />
32<br />
These exceptional women leaders<br />
are intrinsically driven to make a<br />
difference. They seize the opportunity<br />
that their authority provides to extend<br />
their impact to the people in their<br />
communities. As Rianne Jans, a Finance<br />
Director at Logica (now part of CGI)<br />
says: “I find a deep sense of purpose in<br />
being in a position where I can have an<br />
impact and drive change. It’s a type of<br />
power. For me, it’s very important.”<br />
As a next-generation woman leader,<br />
there are many ways, big and small, that<br />
you can make a difference in the lives<br />
of the people in your community. What<br />
impact are you making or would you<br />
like to make on your community?<br />
REPAY: Your Team<br />
“If my team is successful, I am<br />
successful,” explains Carol Wang, CEO<br />
Sichuan Shuangma Cement at Lafarge.<br />
Many exceptional women leaders find<br />
a profound sense of accomplishment in<br />
helping members of their team succeed.<br />
Particularly as these women enter into<br />
more senior-level positions, what drives<br />
them is being able to select, build and<br />
grow teams. Some of their greatest<br />
feelings of success come from seeing<br />
people on their teams thrive and develop<br />
into leaders, or exceed business targets<br />
that at one time seemed out of reach.<br />
Consider Kerri Thompson, Managing<br />
Director, Retail at ANZ. Kerri says:<br />
“As a senior leader, I am addicted to<br />
the change that you can make and<br />
the impact you can have.” She was<br />
looking for a company whose values<br />
aligned with hers and an opportunity<br />
Carol Wang<br />
Lafarge<br />
to make an impact. “When the role<br />
at ANZ came along, it was a perfect<br />
fit. I like big teams. My team includes<br />
about 4,<strong>000</strong> people spread across New<br />
Zealand. It was an opportunity to own<br />
my success and make a difference.”<br />
Ask Kerri what drives her, from a<br />
business perspective, and the answer<br />
is fairly straightforward: mortgage<br />
market share. At one point, ANZ’s<br />
mortgage market share was sitting<br />
at 22% of new mortgages in New<br />
Zealand. Kerri had her sights set on<br />
30%, a seemingly impossible target.<br />
To motivate her team, she expressed<br />
the greater purpose behind the goal.<br />
Kerri explains: “I like to understand<br />
the people that are working for me.<br />
For instance, New Zealand is a small<br />
country, a country that a lot of people<br />
leave and go to Australia. There is this<br />
concern for New Zealand to grow and<br />
prosper since too many of the talented<br />
people leave. What I do with the front<br />
line is try to help them understand how<br />
the things we are doing, like helping<br />
people from New Zealand to get into<br />
their homes, is really important. This<br />
means going out and talking to them<br />
about why providing more mortgages<br />
to New Zealanders is important works.<br />
We are giving New Zealanders the<br />
ability to buy their own homes. This<br />
will increase both their individual and<br />
community affluence. So, I need to get<br />
my team on board with their hearts
and minds. I need to understand what<br />
makes them want to achieve on their<br />
own. Find out about what your team is<br />
concerned about and how their goals<br />
and the company’s goals are aligned. I<br />
think this is the most important thing<br />
in leadership.”<br />
REPAY: Your Customers<br />
Hear the phrase ‘making a difference’<br />
and you may envision volunteer work,<br />
or assisting the underprivileged. While<br />
these exceptional women leaders<br />
do these endeavors with zeal, to them,<br />
making a difference also has a harder<br />
edge: impacting the bottom line,<br />
beating expectations, and delivering<br />
value. There is perhaps no better way<br />
to accomplish these goals than to<br />
surprise and delight your customers<br />
and clients. Ellen Walsh, a Partner at<br />
PricewaterhouseCoopers believes:<br />
“I have advanced at Pricewaterhouse-<br />
Coopers because I have been able to<br />
demonstrate my ability to build really<br />
good relationships with clients. We<br />
are in the client service business. It is<br />
about building trust. We work behind<br />
the scenes for our clients. It is about<br />
making them successful and making<br />
them look good.” As they have climbed<br />
the ranks, our senior executives kept<br />
their sights set on an important stakeholder:<br />
the customer.<br />
Yvonne Greenstreet from Pfizer learned<br />
the importance of giving back from her<br />
mother. She remembers: “The most<br />
critical influence on my life has been<br />
my mother. She grew up in Ghana and<br />
moved to the UK in her teens. When<br />
she returned to Ghana, she set up an<br />
Taking Charge<br />
REPAY<br />
33<br />
adult education institute practically from<br />
scratch and built it into the institute<br />
that delivers the most education to the<br />
largest number of people in Ghana,<br />
which is an absolutely tremendous<br />
accomplishment. I really learned from<br />
her the notion of trying to impact your<br />
community and being a positive role<br />
model. She was able to achieve all of<br />
this while raising four children. Her<br />
perseverance and work ethic didn’t leave<br />
me with any excuses for not trying to<br />
make the best of what I have.”<br />
Today, Yvonne is Senior Vice President<br />
and Head of Medicines Development<br />
for the Specialty Care Business Unit<br />
at Pfizer. In her role, Yvonne focuses<br />
on driving Pfizer’s late stage pipeline<br />
through the development process,<br />
achieving approvals, launching new<br />
medicines and supporting existing<br />
ones. In this position, Yvonne has the<br />
opportunity to make a positive impact<br />
on patients around the world. Pfizer’s<br />
late stage pipeline is exciting to Yvonne.<br />
For example, in 2011, Pfizer licensed<br />
an early stage medicine for sickle cell<br />
Yvonne<br />
Greenstreet<br />
Pfizer<br />
anemia. For many years, there have<br />
not been many medical advances in the<br />
field, and it was a significant and unmet<br />
medical need. If it works out, Pfizer will<br />
release a medicine that is not only good<br />
for the company, but one that will make<br />
an enormous difference to patients<br />
around the world. In addition, the<br />
company recently received an approval<br />
for a pneumococcal vaccine for adults,<br />
which is set to have a huge impact on<br />
public health. Yvonne explains: “The<br />
decisions around the late stage pipeline<br />
are the types of decisions that I can<br />
drive in my current role. It is important<br />
for me to feel that in my role I can<br />
really make a difference. When I look<br />
back on my career, I am proud of the<br />
medicines I have been able to bring to<br />
market and that I have had a real role in<br />
progressing them through the pipeline.<br />
I am proud they’ve achieved significant<br />
commercial success and also feel a sense<br />
of pride in bringing new medicines<br />
to patients who otherwise wouldn’t<br />
have that opportunity. For me it’s a<br />
combination of being able to make a<br />
difference, having some substrate that<br />
allows you to make a difference, and to<br />
be working with people who have the<br />
talent and ability to allow the company<br />
to be successful. Ultimately, I look for<br />
opportunities that impact not just the<br />
business of Pfizer, but impact the world<br />
around us.”<br />
Maria Camacho from Danone is<br />
passionate about family health. As the<br />
Marketing Manager for Aptamil, one<br />
of Danone’s leading brands of infant<br />
formula, Maria has found a role that<br />
aligns with her desire to help families<br />
meet their needs. As she says: “By<br />
working for Danone Baby, I am able<br />
to have a positive impact on families<br />
around the world. This is why I love<br />
what I do. I work on formulas that are<br />
for moms that cannot breast feed. I<br />
work on formulas for premature babies.<br />
I work on formulas for babies with<br />
allergies. When we receive a note from
Taking Charge<br />
REPAY<br />
34<br />
a mom who had premature triplets<br />
saying that she didn’t know what to do<br />
and nothing was working with them<br />
and they took one of our formulas and<br />
now they’re thriving and growing, I<br />
cannot tell you how good I feel.”<br />
Some careers, such as healthcare, are<br />
natural fits to feeling like you have<br />
made a difference. But, it is also the<br />
case that you can find a deep sense<br />
of purpose in other fields. Marcia<br />
To repay should not be dismissed<br />
as altruism.<br />
For our executives, it is a key way they measure their<br />
success. Quite simply,<br />
it matters to them to make<br />
a difference:<br />
to help others succeed is a valued part of<br />
their legacy.<br />
McIntyre, a Managing Director at RBC<br />
says: “I define success by being able to<br />
feel like I am making a difference in<br />
some way. It’s very hard in finance to<br />
go home and say ‘I’ve saved a life’, as a<br />
doctor can. But, at the end of the day,<br />
if I can say that I made someone’s life<br />
a little bit better or I have been able to<br />
create or to provide value to a client<br />
then that is success.”<br />
Furthermore, if you are in a clientfacing<br />
role, or aspire to be in one,<br />
these women advise you to strengthen<br />
your client relationship building<br />
skills. For example, if your company<br />
offers networking events with clients,<br />
attending such events are good<br />
opportunities to enhance your abilities<br />
in this area. When appropriate,<br />
establishing strong relationships<br />
with clients is a tremendous way to<br />
strengthen your credibility and value.<br />
REPAY: Next-Generation<br />
Women Leaders<br />
Exceptional women leaders consider<br />
themselves to be stewards of the next<br />
generation. This is not just a nice thing<br />
to do. In fact, they view their role as<br />
steward as a key way to raise the value<br />
of their companies in the market. For<br />
them, as they rose through the ranks,<br />
women’s programs or senior female<br />
role models were scarce. Now, as<br />
senior-level women, they are committed<br />
to helping the rising female stars to<br />
navigate their way. Here’s how Mirjam<br />
de Blecourt, a Partner at Baker &<br />
McKenzie, is doing just that.<br />
Mirjam is not one to be sidelined<br />
by a challenge. “I like a positive<br />
environment: one where we not<br />
only talk about a problem but also<br />
propose a solution. That is why I try to<br />
teach all my associates to be problem<br />
solvers.” Mirjam is taking her own<br />
advice. Passionate about diversity and<br />
disappointed about the lack of women<br />
at the top, Mirjam took action. She<br />
drafted a law for the Netherlands<br />
requiring that at least one third of<br />
board members must be women<br />
(applicable to all companies with 250<br />
or more employees) – the law was<br />
passed in January 2012. To keep the
next generation women lawyer pipeline<br />
flowing, she also set up a training<br />
program for female lawyers.<br />
Mirjam describes the formation of the<br />
program: “I helped form a group of 50<br />
women partners who have been part of<br />
management teams of major law firms<br />
in the Netherlands. We became good<br />
friends and decided that we should do<br />
something about the lack of women<br />
lawyers at the top. We decided to take<br />
action. We wanted to take what we<br />
had learned throughout the years and<br />
pass that on to women in our field.<br />
So we set up a women’s development<br />
program in partnership with a training<br />
bureau, OSR. The women liked the<br />
program so much: they felt encouraged,<br />
empowered and stronger. The program<br />
was such a success that later, we set up<br />
an international program for Europe and<br />
now I am putting together a program<br />
for next-generation women leaders at<br />
Baker & McKenzie worldwide.”<br />
Many of our executives stressed the<br />
importance of cultivating a pipeline of<br />
next-generation women leaders. For<br />
example, Rana Ghandour Salhab, a<br />
Partner at Deloitte, started a program<br />
for women employees at Deloitte in the<br />
Middle East, and Mary Zimmer, Head<br />
of International Wealth – USA and<br />
Correspondent and Advisor Services<br />
for RBC Wealth Management – U.S.<br />
started a mentoring program for<br />
women at a local university.<br />
One woman summarizes this point<br />
well: “Women just need to be good to<br />
other women. They need to reach out<br />
Taking Charge<br />
REPAY<br />
35<br />
and be helpful. Anything – coaching,<br />
sitting down, spending time, having<br />
candid open conversations, or helping<br />
someone think through a problem and<br />
a solution. I think more senior women<br />
need to do that for more junior women<br />
because the senior-level women can see<br />
what’s coming. I call it being the career<br />
machete – to break down some of the<br />
barriers and prevent some of the slips<br />
and guide the person a little bit more<br />
effectively.”<br />
With the help of women who are<br />
currently in leadership roles, we may<br />
find more women at the top of the<br />
corporate ladder in the future. It is this<br />
legacy that will undoubtedly change<br />
the presence of women in senior roles<br />
and in boardrooms. Even as a rising<br />
woman leader, it is not too early to start<br />
reaching out to other women to share<br />
ideas, advice and discuss solutions to<br />
some of the challenges you face.<br />
The experiences and insights of our top<br />
female executives clearly demonstrate<br />
that it is important to REPAY others.<br />
There are many benefits to investing in<br />
the success of your community, team,<br />
customers and other women. These<br />
women find making a difference highly<br />
fulfilling and chances are, you do too.<br />
So, What Does this Mean for<br />
You?<br />
In the next section, we provide an<br />
audit that will help you take charge<br />
and chart your own road to success.<br />
The final section concludes the report<br />
by emphasizing the importance of<br />
the three core aspects how successful<br />
women executives take charge: to<br />
explore, own, and repay.
Audit: Take Charge!<br />
Explore<br />
Own<br />
Repay<br />
Advice from the Field Take Charge<br />
“Know Thyself” What are your strengths, weaknesses, likes, and dislikes?<br />
“Be the ‘Go To’ Person” In which area do you want to be an expert?<br />
“Make a Short List of Priorities”<br />
What are your top priorities at work and in your<br />
personal life?<br />
“Create Your Own Definition of Work-Life Integration” How will you integrate your work and personal life?<br />
“Form a Board of Advisors”<br />
Taking Charge<br />
AUDIT<br />
36<br />
What steps will you take to build your professional<br />
network?<br />
“Give it a Go!” What is a risk you will take at work in the next year?<br />
“Leave a Legacy” How will you make an impact on your community?<br />
“Be a Problem Solver, Not a Problem Identifier” What is an initiative that you will lead at your company?<br />
“Be Good to Other Women” How will you help other women at your company succeed?
Taking Charge<br />
CONCLUSION<br />
37<br />
Conclusion<br />
This report has followed the careers<br />
of sixty top female executives to reveal<br />
what exceptional women leaders do.<br />
You have seen the world through their<br />
eyes. They have been candid and direct<br />
about what worked for them and how<br />
they have built meaningful work and<br />
personal lives.<br />
Now, after reading their stories, it is<br />
time to chart your own path forward.<br />
Their journeys have implications for<br />
you – the next-generation woman<br />
leader. Their insights, advice and<br />
experiences suggest that success<br />
requires you to take charge in three<br />
areas: you have to explore what matters<br />
to you, own your decisions and repay<br />
the support you have received.<br />
Recognize that you have the ability to<br />
craft your own unique journey. Nathalie<br />
Wright, Director of the Division of<br />
Large Enterprises and Alliances at<br />
Microsoft summarizes: “Be self-assured<br />
about what matters to you and be vocal<br />
about what you want.” You have an<br />
exciting opportunity in front of you:<br />
to take charge of your life and build<br />
the personal and professional journey<br />
you desire. Over the course of your<br />
life, you will be presented with many<br />
opportunities, challenges and decisions.<br />
You will be faced with unexpected twists<br />
and turns. Through this report, we<br />
are urging you to reflect on what your<br />
priorities are, what type of company is a<br />
good fit for you, and what you want to<br />
accomplish, so that you can proactively<br />
approach important decisions. We<br />
hope this report will enable you to take<br />
actions that align with who you are and<br />
what you want to achieve.<br />
This report has shown what has worked<br />
for a particular group of women<br />
executives who have “made it.” We<br />
highlighted a diversity of women<br />
so that you could pick and choose<br />
different stories and pieces of advice<br />
that resonate with you. We hope that<br />
their insights will help you, the nextgeneration<br />
woman leader, achieve your<br />
full potential and take charge of your<br />
work and personal life.
Acknowledgements<br />
We would like to thank the 60 exceptional<br />
women leaders who were interviewed for this<br />
project and shared their insights with us:<br />
Charlotte Fondin, A.P. Moller-Maersk<br />
Siri Quisman, A.P. Moller-Maersk<br />
Therese McGrath, ANZ<br />
Kerri Thompson, ANZ<br />
Susan Yuen, ANZ<br />
Seow-Chien Chew, Bain<br />
Julie Coffman, Bain<br />
Veronique Pauwels, Bain<br />
Anne-Marie Allgrove, Baker & McKenzie<br />
Beatriz Araujo, Baker & McKenzie<br />
Mirjam de Blecourt, Baker & McKenzie<br />
Samantha Mobley, Baker & McKenzie<br />
Claudia Prado, Baker & McKenzie<br />
Liz Espin Stern, Baker & McKenzie<br />
Jane McAloon, BHP Billiton<br />
Juliet Bullick, BlackRock<br />
Jane Leung, BlackRock<br />
This report would not have been possible<br />
without the commitment from our ICEDR<br />
corporate partners and the following<br />
companies who supported the research:<br />
A.P. Moller - Maersk<br />
Accenture<br />
ANZ<br />
Bain & Company<br />
Baker & McKenzie<br />
Barclays<br />
BHP Billiton<br />
BlackRock<br />
Boeing<br />
BP<br />
Bridgestone Americas<br />
Cliffs Natural Resources<br />
Taking Charge<br />
ACKNOWLEDGEMENTS<br />
38<br />
Anne Weisberg, BlackRock<br />
Mary Anne Wiley, BlackRock<br />
Carol Chan, Credit Suisse<br />
Beatrice Fischer, Credit Suisse<br />
Patricia Horgan, Credit Suisse<br />
Niki Kesoglou, Credit Suisse<br />
Maria Camacho, Danone<br />
Corinne Chant, Danone<br />
Tracey Edwards, Deloitte<br />
Fabiana Gadow, Deloitte<br />
Rana Ghandour Salhab, Deloitte<br />
Stephanie Quappe, Deloitte<br />
Agnes Grimont, GDF Suez<br />
Sonia Artinian, Lafarge<br />
Catherine Langreney, Lafarge<br />
Carol Wang, Lafarge<br />
Melba Foggo, Logica (now part of CGI)<br />
Rianne Jans, Logica (now part of CGI)<br />
Amanda Mesler, Logica (now part of CGI)<br />
Suchitra Prabhu, Logica (now part of CGI)<br />
Erin Chapple, Microsoft<br />
Coca-Cola Amatil<br />
Credit Suisse<br />
Danone<br />
Deloitte<br />
Deutsche Bak<br />
Four Seasons<br />
GDF Suez<br />
Hess<br />
HSBC Holdings<br />
Kirin Group<br />
Lafarge<br />
Li & Fung<br />
Logica (now part of CGI)<br />
Mannaz<br />
Microsoft Corporation<br />
National Australia Bank Group<br />
Pearson<br />
Nathalie Wright, Microsoft<br />
Sandra de Castro, National Australia Bank Group<br />
Hilary Crowe, National Australia Bank Group<br />
Yvonne Greenstreet, Pfizer<br />
Adele Gulfo, Pfizer<br />
Diem Nguyen, Pfizer<br />
Kristin Peck, Pfizer<br />
Susan Silbermann, Pfizer<br />
Donna Coallier, PricewaterhouseCoopers<br />
Ellen Walsh, PricewaterhouseCoopers<br />
Mary Ellen Brown, RBC<br />
Marcia McIntyre, RBC<br />
Mary Zimmer, RBC<br />
Jennifer Cook, Roche<br />
Elissa Crowther-Pal, Westpac<br />
Gina Dellabarca, Westpac<br />
Sonja Doyle, Westpac<br />
Victoria Poole, Westpac<br />
Rebecca Riant, Westpac<br />
Pfizer<br />
Philip Morris International<br />
PricewaterhouseCoopers<br />
Qantas<br />
RBC<br />
RBS<br />
Roche<br />
Royal Dutch Shell plc<br />
Standard Chartered Bank<br />
Vale<br />
Westpac
From start to finish, many people were<br />
instrumental to shaping this research.<br />
An incredible collection of professionals<br />
came together to champion this research,<br />
shape the interview questions, conduct<br />
and transcribe interviews, contribute to<br />
the videos associated with the research,<br />
and offer feedback, editing and ideas that<br />
greatly impacted the final report. For their<br />
effort, we are deeply indebted to: Susan<br />
Adams, Diane Kellogg, Betsy Myers, Parker<br />
Stanzione, and Toni Wolfman from Bentley<br />
University; LouAnn Muir, formerly of Fidelity<br />
Investments; Katie Taylor from Four Seasons;<br />
the team from ICEDR; Jeremy Kourdi and<br />
Julie Kourdi from Kourdi Ltd; the team at New<br />
England Transcript Services of Boston; Alan<br />
Hyatt, Paula Loop, Thomas McCarthy and<br />
Paula Theus from PricewaterhouseCoopers;<br />
Zabeen Hirji and Martin Shoesmith from<br />
RBC; the team at Sametz Blackstone<br />
About the Author<br />
Lauren Ready<br />
Director of<br />
Talent<br />
Management<br />
Initiatives<br />
ICEDR<br />
Taking Charge<br />
AUTHOR<br />
39<br />
Associates Inc; Kevin Carlson from Seed<br />
Multimedia; and Belinda Abbott and Lynn<br />
Rasmussen from Westpac.<br />
We would also like to thank the incredible<br />
collection of HR professionals who<br />
nominated the outstanding women leaders<br />
and championed this research at their<br />
organizations:<br />
Deniz Kirdar, A.P. Moller-Maersk<br />
Nicola Hutton, ANZ<br />
Mark Jankelson, ANZ<br />
Karen Welt Steeves, Bain & Company<br />
David Coleman, Baker & McKenzie<br />
Vicki Kelley, Baker & McKenzie<br />
Jo McConnell, BHP Billiton<br />
Suzan McDaniel, BHP Billiton<br />
Larry Kaye, BlackRock<br />
Anne Weisberg, BlackRock<br />
Michelle Gadsden-Williams, Credit Suisse<br />
Lauren Ready is the Director of Talent<br />
Management Initiatives and Marketing at<br />
ICEDR, a global network of more than thirty<br />
world-class companies and over twentyfive<br />
business schools focused on talent<br />
management, leadership development and<br />
strategic change. Lauren’s current research<br />
concentrates on exceptional women leaders.<br />
Lauren has extensive experience managing<br />
programs around the world for executives.<br />
At the Young Presidents’ Organization<br />
(YPO), she coordinated over sixty leadership<br />
development programs for CEOs and their<br />
families. Prior to joining YPO, Lauren worked<br />
Paula Ashfield, Danone<br />
Karen Dominick, Deloitte<br />
Michel De Vlaminck, GDF Suez<br />
Sonia D’Emilio, Lafarge<br />
Paul Phillips, Logica (now part of CGI)<br />
Colleen Daly, Microsoft<br />
Emily McKeon, Microsoft<br />
Craig Stephens, National Australia Bank Group<br />
Tanya Clemons, Pfizer<br />
Jennifer Allyn, PricewaterhouseCoopers<br />
Helena Gottschling, RBC<br />
Jan Wilmott, RBC<br />
Michael Griffitts, Roche<br />
Manuela Wäfler, Roche<br />
Belinda Abbott, Westpac<br />
Lynn Rasmussen, Westpac<br />
at Harvard Business School, where she<br />
partnered with faculty and staff to manage<br />
Executive Education programs for global<br />
business leaders.<br />
Lauren is an active researcher and writer.<br />
She is the co-author of ‘What Executives<br />
Really Need to Know about Employee<br />
Engagement’ (Accenture Institute for High<br />
Performance, 2011) and the author of ‘Talent<br />
Management Takes Action’ (ICEDR, 2011).<br />
She holds an MBA from the MIT Sloan School<br />
of Management and a BA in Economics<br />
from Middlebury College. Lauren may be<br />
contacted at lready@icedr.org
About ICEDR<br />
ICEDR is the premier global network of<br />
more than thirty world-class companies<br />
and over twenty-five exemplary business<br />
schools focused on the areas of global talent<br />
management, leadership development and<br />
strategic change.<br />
Through ICEDR, partner companies and<br />
business schools engage in the highestquality<br />
exchange in the areas of:<br />
• Global talent management<br />
• Leadership development<br />
• Strategic change<br />
Corporate Partners<br />
Taking Charge<br />
ICEDR<br />
40<br />
A.P. Moller - Maersk<br />
Accenture<br />
ANZ<br />
Barclays<br />
BlackRock<br />
Boeing<br />
BP<br />
Bridgestone Americas<br />
Cliffs Natural Resources<br />
Coca-Cola Amatil<br />
Danone<br />
Deloitte<br />
Deutsche Bank<br />
Four Seasons<br />
GDF SUEZ<br />
Hess<br />
HSBC Holdings<br />
Kirin Group<br />
Li & Fung<br />
Logica (now part of CGI)<br />
Mannaz<br />
Microsoft Corporation<br />
National Australia Bank Group<br />
Pearson<br />
Pfizer<br />
Philip Morris International<br />
PricewaterhouseCoopers<br />
Qantas<br />
RBC<br />
RBS<br />
Roche<br />
Royal Dutch Shell plc<br />
Standard Chartered Bank<br />
Vale<br />
Westpac<br />
Partner Institutions<br />
AGSM Executive Programs<br />
Bentley University<br />
CEIBS<br />
Columbia Business School<br />
Cranfield School of Management<br />
Duke University<br />
FDC—Fundação Dom Cabral<br />
HEC Paris<br />
IESE Business School<br />
IMD<br />
INSEAD<br />
London Business School<br />
MIT Sloan School of Management<br />
Michigan Ross School of Business<br />
NYU Stern School of Business<br />
Penn State Smeal College of Business<br />
Richard Ivey School of Business<br />
SNU Business School, Seoul National<br />
University<br />
Stanford Graduate School of Business<br />
Stockholm School of Economics IFL<br />
Executive Education<br />
The University of Hong Kong<br />
The Wharton School, University of<br />
Pennsylvania<br />
University of Chicago Booth School of<br />
Business<br />
UNC Kenan-Flagler Business School<br />
USC Marshall School of Business<br />
Vlerick Business School<br />
To learn more about ICEDR, visit<br />
www.icedr.org
1666 Massachusetts Avenue<br />
Lexington, MA 02420 USA<br />
Phone: +1.781.862.6633<br />
www.icedr.org