Celanese Honored by The Women's Forum of New York for Achieving Full Gender Parity on Corporate Board
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, has been honored by The Women's Forum of New York at its sixth biennial "Breakfast of Corporate Champions Event" (BCC) for achieving 55 percent female representation on its board of directors.
For 2021, The Women's Forum individually honored 43 companies from the S&P 500 and FORTUNE 1000 that have achieved or exceeded 50 percent or more female representation on their corporate boards. Celanese is one of these 43 public companies to achieve such a feat and received special on-stage recognition at the event.
"At Celanese, we are uniquely positioned to improve the world through the power of not only our chemistry and innovation, but also our people," said Lori Ryerkerk, Chairman, President and Chief Executive Officer. "This award by The Women's Forum is a testament to the effort Celanese has put forward over many years to enhance the diversity of our team, from the manufacturing floor to our Boardroom. We are honored by The Women's Forum's recognition of the critical role of Celanese's leadership in accelerating change to help make gender equity a business priority."
The Women's Forum "Corporate Board Initiative" reflects the organization's belief that change happens more quickly when it is driven from the top. The initiative focuses on company leadership, including CEOs, Directors, and Nominating and Governing Chairs, working to advance the appointment of women with the overarching goal to achieve gender parity on corporate boards. All "Corporate Champion" honored companies, from 2011 to 2021, have exceeded the national average of board seats held by women (source: BoardEx, June 2021).
The BCC Event Honorary Co-Chairs are Kenneth C. Frazier, Executive Chairman of the Board, Merck & Co., Inc. and Maggie Wilderotter, Chairman and CEO, Grand Reserve Inn. The President of The Women's Forum is Joan Haffenreffer, Chief Administrative Officer and Managing Director, Citi Global Public Affairs.
Attending the event on behalf of Celanese were Bill Brown, lead Independent Celanese Director who accepted the award on behalf of Lori Ryerkerk, who could not attend; Scott Richardson, Executive Vice President and Chief Financial Officer; Vanessa Dupuis, Senior Vice President and Chief Human Resources Officer; and Mary Elyse Farah, President of The Celanese Foundation.
For additional information about Celanese's Board of Directors, visit https://investors.celanese.com/websites/celanese/English/6030/board-of-directors.html.
For information about Celanese's Environmental, Social and Governance efforts, visit https://www.celanese.com/Sustainability.
About Celanese
Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2020 net sales of $5.7 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com.
About Women's Forum of New York
The Women's Forum of New York is a network of women leaders representing the highest levels of professional achievement across all sectors of business, industry, and spheres of influence throughout New York City. The by-invitation membership of more than 500 women is dedicated to the advancement of women's leadership through programs which personally and professionally enrich members' lives, including The Education Fund, which enables talented women whose potential has been disrupted by unforeseen adversity to resume their education, and the Corporate Board Initiative, which extends and expands the contribution of women leaders through corporate board participation. Founded in 1974, the Women's Forum of New York is the flagship of the International Women's Forum, a global organization of over 7000 outstanding women leaders and, currently, 74 Forums around the world.
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