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WBL SUMMIT 2010

“Perspectives from another Industry: An off-the-record conversation with Fritzi Woods”

March 18, 2010

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2010 SUMMIT

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NATIONAL RESTAURANT INDUSTRY

http://www.youtube.com/watch?v=u0d__zzILxg

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Set context for industrySet context for industry

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Source: NRA 2010

Restaurant Industry from NRARestaurant Industry from NRA

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Source: NRA 2010

7Source: NRA 2010

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Source: NRA 2010

Cornerstone of Career Opportunities

• The restaurant industry employs about 12.7 million people, or 9% of the U.S. workforce.

• The restaurant industry is expected to add 1.3 million jobs over the next decade, with employment reaching 14 million by 2020.

• Nearly half of all adults have worked in the restaurant industry at some point in their lives, and more than one in four adults got their first job experience in a restaurant.

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Source: NRA 2010

Cornerstone of Career Opportunities

• Eating-and-drinking places are extremely labor-intensive — sales per full-time-equivalent non-supervisory employee were $75,826 in 2008. That’s much lower than most other industries.

• One-quarter of eating- and drinking-place firms are owned by women, 15% by Asians, 8% by Hispanics and 4% by African-Americans.

• Eating-and-drinking places employ more minority managers than any other industry.

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Source: NRA 2010

Cornerstone of Career Opportunities

• The number of foodservice managers is projected to increase 8% from 2010 to 2020.

• Fifty-eight percent of first-line supervisors/ managers of food preparation and service workers in 2008 were women, 14% were of Hispanic origin and 14% were African-American

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Source: NRA 2010

Restaurants Small Businesses with a Large Impact on our Nation’s Economy

• On a typical day in America in 2010, more than 130 million people will be foodservice patrons.

• Restaurant industry sales are forecast to advance 2.5% in 2010 and equal 4% of the U.S. gross domestic product.

• The overall economic impact of the restaurant industry is expected to exceed $1.5 trillion in 2010.

12Source: NRA 2010

Restaurants Small Businesses with a Large Impact on our Nation’s Economy

• Every dollar spent by consumers in restaurants

generates an additional $2.05 spent in the nation’s economy.

• Each additional dollar spent in restaurants generates an additional $0.82 in household earnings throughout the economy.

• Every additional $1 million in restaurant sales generates 34 jobs for the economy.

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Source: NRA 2010

Restaurants Small Businesses with a Large Impact on our Nation’s Economy

• Eating-and-drinking places are mostly small businesses. Ninety-one percent have fewer than 50 employees.

• More than seven of 10 eating- and drinking-place establishments are single-unit operations.

• Average unit sales in 2007 were $866,000 at full service restaurants and $717,000 at quick service restaurants.

14Source: NRA 2010

15Source: NRA 2010

Women’s Foodservice Forum

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We are the premier leadership development community for collective insights and connections that empower women in the foodservice industry to envision and achieve their highest potential

Engage the foodservice industry to develop leadership talent and ensure career advancement for executive women

We will lead the transformation of the foodservice industry by enhancing the industry’s business performance through gender-diverse leadership

VISION

MISSION

BRAND POSITIONING

VISION, MISSION & BRAND POSITIONING

Elevating women leadersTag Line

• 29% public owned traded companies with no women on their boards

• ½ of all U.S. consumers’ food budget is spent in restaurants

• $820 billion+ is the projected foodservice industry annual sales in 2010

By the numbers: women in foodservice

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• 8- the number of foodservice companies among Diversity Inc.’s Top 50 Companies for Diversity in 2006

• Six –the number of foodservice companies on Working Mother’s list of 100 Best Companies

• 15% of publicly traded foodservice companies have three or more women on their boards

By the numbers: women in foodservice

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• There are 7 CEO positions held by women in publicly traded foodservice companies

• 50|50 male/female work teams result in greater productivity, employee retention, customer satisfaction, quality of work, creativity and innovation

By the numbers: women in foodservice

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TRUE - The more women board directors a company has had, the more women corporate officers it will have

in the future.

By the numbers: women in foodservice

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Fritzi’s Take-Aways

• Do your homework – Mastery– Inclusive (industry, business models, risk, competitive landscape, trends,

forecast, players, analyst, and, and, and,– DID YOU ENJOY LEARNING?

• Invest in getting to know the current Board Members• Why me?• Evaluation process for CEO and for Board• Understand the Board Culture

– Do I fit? – How did it feel in the moment and NOW in my reflections?

• Understand the Time Commitment– So what? What are my personal tradeoffs? Worth it?

• Have the COURAGE, DISCERNMENT AND WISDOM to say YES, NO, NOT NOW and TIME TO GO

Catalyst Research On Women In Leadership Roles

• In 2008 and 2009, only 15.2 percent of board directors were women.

• In both 2008 and 2009, almost 90 percent of companies had at least one women director, but less than 20 percent had three or more women serving together.

• Fortune 500 executive officer positions held by women in 2009: 13.5 percent, or 697 out of 5,161.

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Source: 2009 Catalyst Census: Fortune 500 Women Board Directors.

A Balanced Boardroom = A Better Bottom Line.

• Companies with more female leaders on their board realize a better return.

24Source: Catalyst study “The Bottom Line: Corporate Performance and Women’s Representation on Boards.”.

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QuestionsAnd

Answers

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