Wilmington-based Navient was named a Champion of Board Diversity by the Forum of Executive Women.
The award recognizes companies in the greater Philadelphia region whose corporate boards are composed of at least 30 percent women. Navient surpasses gender parity with women holding more than 50 percent of board seats.
“Navient continues to be one of the leading champions of board diversity in the Philadelphia region through creating a culture that values women equally,” said Lisa Detwiler, president of The Forum of Executive Women. “The Forum applauds Navient’s collaborative efforts and the active role they play in driving positive change.”
Navient and other Philadelphia-area companies were featured in the Forum’s annual report, Women in Leadership, which provides an important barometer for measuring progress of women leaders in the region. This year’s report reveals that only 18% of total board seats are held by women. Just 17 companies were recognized as Champions of Board Diversity.
Navient has attracted nationwide recognition for gender parity on its board from 2020 Women on Boards, the Women’s Forum of New York and the New York Stock Exchange Governance Services.
“Our board is a reflection of our team whose diverse talents and perspectives come together to deliver the best solutions for our customers,” said Catie O’Donoghue, vice president of compliance, who accepted the award on behalf of Navient. “I’m proud to see so many female leaders in the Greater Philadelphia area and I am grateful to be part of a company that is a leader of gender diversity in the boardroom.”