Zayo Recognized by 2020 Women on Boards for Board Diversity
Zayo Group (News - Alert) Holdings, Inc. (NYSE: ZAYO) has been named a Winning 'W' Company by 2020 Women on Boards for achieving at least 20% women on its corporate board before the year 2020. With three women on its nine-member board, Zayo's board is more than 30% female. Zayo's women board members include Cathy Morris (News - Alert), senior vice president and chief strategy officer at Arrow Electronics; Linda Rottenberg, co-founder and CEO of Endeavor and author of the book "Crazy is a Compliment"; and Emily White, former COO of Snapchat.
Winning 'W' Companies are cited in the 2020 Women on Boards (2020WOB) annual Gender Diversity Index which tracks the numbers of corporate board seats held by women among the Russell 3000 Index. As of 2018, the percentage of board seats held by women rose to 17.7%, up from 16.0% in 2017. This upward trend represents good progress, but still, half of the Russell 3000 companies have one or no women on their boards.
"At Zayo, our commitment to diversity and inclusion is central to our business and developing a creative and talented team is essential to building a durable and impactful company," said Dan Caruso (News - Alert), Zayo's chairman and CEO. "We remain focused on creating a forward-looking workplace as diverse as the companies and communities we serve."
"We applaud Dan Caruso and the board of Zayo for engaging the diverse opinions and perspectives of both genders on their board," said Betsy Berkhemer-Credaire, CEO of 2020 Women on Boards. "Studies have shown that the varied perspectives of women are uniquely valuable to corporations and the challenges they face today."
Zayo's commitment to diversity extends throughout the entire organization. Zayo's 600 Boulder employees is close to gender parity, with 45% female and 55% male. Globally female representation is at 28%. Over the past two years, Zayo has focused on identifying diverse candidates through its community engagement and recruiting initiatives, expanding development and leadership initiatives and providing family-friendly policies, including generous paid parental leave.
"Since making progress on gender balance at the company, Zayo's next focus is to extend and expand best practices to other areas of the business to create an even more diverse and inclusive environment for all people of all cultures and backgrounds," said Liz Rolander, vice president of People and Culture a Zayo. "While we've accomplished a lot in a little time, further progress remains a priority."
For more information, please visit zayo.com.
About Zayo Group
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides mission-critical bandwidth to the world's most impactful companies, fueling the innovations that are transforming our society. Zayo's 130,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. Zayo's communications infrastructure solutions include dark fiber, private data networks, wavelengths, Ethernet, dedicated internet access and data center colocation services. Zayo owns and operates a Tier 1 IP backbone and 51 carrier-neutral data centers. Through its CloudLink service, Zayo provides low-latency private connectivity that attaches enterprises to their public cloud environments. Zayo serves wireless and wireline carriers, media, tech, content, finance, healthcare and other large enterprises. For more information, visit zayo.com.
Forward Looking Statements
This press release contains a number of forward-looking statements. Words, and variations of words such as "believe," "expect," "plan," "continue," "will," "should," and similar expressions are intended to identify our forward-looking statements. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. These forward-looking statements involve risks and uncertainties, many of which are beyond our control. For additional information on these and other factors that could affect our forward-looking statements, see our risk factors, as they may be amended from time to time, set forth in our filings with the SEC (News - Alert), including our 10-K dated August 24, 2018. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.
About 2020 Women on Boards
2020 Women on Boards (2020WOB) is a global education and advocacy campaign committed to building public awareness and momentum towards the goal of achieving at least 20% of all public company board seats to be held by women by the year 2020, the milestone 100th anniversary that commemorates the 19th Amendment, when women won the right to vote.
The campaign's signature programs include the Gender Diversity Directory, a database which tracks the gender composition of company boards, the annual Gender Diversity Index report, and the National Conversation on Board Diversity events held in more than thirty cities each November.
In just nine short years, 2020 Women on Boards has become a respected global brand while building a reputation as a formidable advocate for advancing women to corporate boards. www.2020WOB.com
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