Medtronic (NYSE:MDT) said today that it joined the Catalyst CEO Champions For Change initiative, pledging to add more women to its executive team and board of directors.
The medtech titan teamed up with global nonprofit Catalyst and promised that it would “strengthen the pipeline of women” within the organization using annual reviews and data tracking.
Medtronic specifically noted that it would work to boost the representation of women, including women of color, in executive and senior level positions over the next five years.
“Since it was written more than half a century ago, our Medtronic Mission has included a tenet that calls us to respect the dignity and personal worth of our employees. Today, we know that in a global marketplace and diverse world, our ability to achieve our Mission and remain true to this tenet is enhanced when we advance gender equality and foster an enriching, inclusive workplace,” chairman & CEO Omar Ishrak said in prepared remarks. “I’m honored to be representing Medtronic in joining the Catalyst CEO Champions For Change movement, and continuing to drive and track measurable results in the advancement of women.”
“Our Catalyst CEO Champions For Change companies represent more than 9 million employees and more than $1.7 trillion dollars in revenue globally. The positive ripple effect from their commitment is tremendous in helping to build workplaces where everyone has a fair chance to succeed,” Catalyst president & CEO Lorraine Hariton added.
