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WBL SUMMIT 2010 “Perspectives from another Industry: An off-the- record conversation with Fritzi Woods” March 18,

2010 SUMMIT 3

NATIONAL RESTAURANT INDUSTRY 4

Set context for industry 5 Source: NRA 2010

Restaurant Industry from NRA 6 Source: NRA 2010

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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 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. 9 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 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. 10 Source: NRA 2010

Cornerstone of Career Opportunities The number of foodservice managers is projected to increase 8% from 2010 to 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 11 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 Source: 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. 13 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. 14 Source: NRA 2010

15 Source: NRA 2010

Women’s Foodservice Forum 16

17 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 leaders Tag 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 18

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 19

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 20

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 21

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

? Questions And Answers 25