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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 />

Taking Charge<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 />

Taking Charge<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 />

Taking Charge<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 />

OWN<br />

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


Taking Charge<br />

OWN<br />

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

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