The US fashion chain Gap Inc.was recently honoured by the National Association for Female Executives (NAFE).

During NAFE’s annual 30 Best Companies for Executive Women awards in New York, Gap received an award from the association. Eva Sage-Gavin, Executive Vice President of Human Resources at Gap Inc., was there to receive the award and said: “Gap Inc. is proud to be recognized as a company that supports the development and advancement of women. At Gap Inc., women represent 70 percent of our employee population and over half of our management team.”

NAFE chooses companies based on the number of women that are in the running for management positions and that actually holds management positions. The association also looks for companies who are able to demonstrate a commitment to the development and continued success of women within the company.

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NAFE was founded in 1972 and is the largest women’s professional and business association in the US. It publishes NAFE Magazine, a bi-monthly publication, which is distributed to 65.000 members.

The association is part of Working Mother Media, which operates the Working Mother magazine, the annual 100 Best WorkLife Conference and the more recent iniatitive Best Companies for Women of Colour. The NAFE began conducting the Top 30 Companies for Executive Women in 2002.

Gap Inc is a leading global fashion retailer for men, women, children and babies under the brands Gap, Banana Republic and Old Navy. The company operates over 3,000 stores in the US, the UK, Canada, France and Japan. Fiscal sales for 2004 amounted to $16.3 billion (GBP 9.25 billion).