McAfee becomes the First Cybersecurity Company to achieve Global Gender Pay Parity

SANTA CLARA, Calif, 2019 – McAfee, the device-to-cloud
cybersecurity company, today announced that it has achieved global
gender pay parity and is the first cybersecurity company to do so.

“At McAfee, we value the innovation, creativity, and strategic
problem-solving that flourish in an inclusive and diverse
environment,” said Christopher Young, CEO, McAfee. “We believe in
the simple fact that every employee, regardless of their gender
identity, should be compensated fairly and equally for their individual
contribution to the company. I’m proud to lead a company that puts
actions behind its beliefs and makes gender pay parity a reality for all
employees.”

McAfee becomes the First Cybersecurity Company to achieve

Global Gender Pay Parity

Through an extensive audit covering 45 countries and more than 7,000
employees, McAfee identified gender pay gaps in nine countries. Closing
the gap required an investment of $4 million. Salary adjustments were
made on April 1, 2019, and the company will continue to monitor and
address pay parity annually.

“By achieving gender pay parity at McAfee, we continue to live our
values, build an inclusive culture, create better workplaces, and
develop stronger communities. I’m honored to join companies beyond the
world of cyber already striving towards pay parity, and I hope more will
join us in reaching this milestone in equality.” said Chatelle Lynch,
Chief Human Resources Officer, McAfee.

McAfee defines gender pay parity as fair and equal pay for employees in
the same job, level and location, controlling for pay differentiators
such as performance, tenure and experience, regardless of gender.

Reinforcing the company’s commitment to building an inclusive
workplace, McAfee today also released its first Inclusion and Diversity
Report, [2] highlighting its strategy and results to support and
increase its diverse workforce.