VF Corporation Joins Paradigm for Parity Coalition; Targets Gender Parity in Leadership Positions by 2030

VF Joins 26 Other Companies in Committing to a Unique Action Plan to
Achieve Gender Parity

GREENSBORO, N.C.–(BUSINESS WIRE)–VF Corporation (NYSE: VFC), in partnership with the Paradigm for Parity
coalition, today announced its commitment to achieving gender parity
throughout its corporate leadership structure by 2030.

“At VF, we believe that having a diverse global workforce is a business
imperative,” said Eric Wiseman, VF’s Chairman and CEO. “We take very
deliberate actions to foster a culture that emphasizes and leverages
equality and inclusion across our organization. We are proud to work
with Paradigm for Parity to strengthen and advance our existing efforts.”

VF today employs a number of programs and policies that seek to empower
women in the workplace, including employee resource groups and formal
mentorships. As a Paradigm for Parity partner, VF will complement these
actions by committing to, among other things:

  • Eliminate or minimize unconscious bias in the workplace;
  • Increase the number of women in senior operating roles, with the
    near-term goal of at least 30 percent representation in all leadership
    groups;
  • Measure progress and maintain accountability by providing regular
    progress reports; and,
  • Provide sponsors, not just mentors, to women to position them for
    long-term success.

“Our experience has proven that the most creative and innovative ideas
come from diverse teams that understand how to effectively leverage the
individual strengths, perspectives and experiences of each member to
reach a common goal,” said Steve Rendle, VF’s President and Chief
Operating Officer, who will become CEO of the company on Jan. 1, 2017.
“Our commitment to gender parity and workplace equality is unwavering,
and it will help to fuel our future growth ambitions and enable us to
continue to win in a highly competitive, global marketplace.”

In addition to VF, companies that have committed to follow the Paradigm
for Parity Action Plan include: Accenture, Adecco, American Electric
Power, APCO Worldwide, AstraZeneca, Bank of America, Cargill, The
Coca-Cola Company, DSC Logistics, Edison International, Egon Zehnder,
Farient Advisors, Frontier Communications, HealthHelp, Huffington Post,
Linkage, LinkedIn, McKinsey, MetricStream, NeoGenomics Clinical
Laboratories, Newmont Mining Corporation, Nordstrom, SAP, Spencer
Stuart, TDIndustries and VOYA.

Learn more about VF’s commitment to diversity
and inclusion
.

Learn more about the Paradigm
for Parity coalition
and become a part of the movement.

About VF

VF Corporation (NYSE: VFC) is a global leader in the design,
manufacture, marketing and distribution of branded lifestyle apparel,
footwear and accessories. The company’s diversified portfolio of
powerful brands spans numerous geographies, product categories, consumer
demographics and sales channels, giving VF a unique industry position
and the ability to create sustainable, long-term growth for customers
and shareholders. The company’s largest brands are The North Face®Vans®,
Timberland
®, Wrangler®
and Lee
®For more information, visit www.vfc.com.

About the Paradigm for Parity℠ Movement

The Paradigm for Parity℠ coalition is comprised of CEOs, senior
executives, founders, board members and business academics who are
committed to achieving a new norm in corporate leadership: one in which
women and men have equal power, status, and opportunity.

The coalition created the Paradigm for Parity℠ 5-Point Action Plan for
corporations to accelerate the pace of gender equity in senior executive
roles. This unique agenda defines bold and specific actions that, taken
together and simultaneously implemented as a package, will catalyze
change and enable today’s business executives to secure the best leaders
of tomorrow. Visit www.paradigm4parity.com
or follow us on Twitter using @p4parity
to learn more about this exciting initiative.

Contacts

VF Corporation
Craig Hodges, 336-424-5636
Senior Director,
Corporate Communications