Women Rising: Fearless and Focused

This year marked the fifteenth anniversary of HIA-LI’s Women’s Leadership Conference, a tradition that began after a roundtable convened by U.S. Senator Kirsten Gillibrand at Anne Shybunko-Moore’s company, GSE Dynamics. At that first meeting, we talked candidly about pay equity, childcare, work–life blending, and the headwinds women often face.

Senator Gillibrand encouraged us to keep the conversation going — and for fifteen years we have done exactly that, thanks to the leadership of our Women’s Collaborative, chaired by Carol A. Allen, President and CEO of People’s Alliance Federal Credit Union and HIA-LI Board Member, who has helped guide this event’s evolution.

This year, before introducing our keynote, I shared a moment early in my own career. When my boss at Dale Carnegie Training announced his retirement and asked me to step into the managing director role, I immediately began listing the reasons I wasn’t ready. He cut me off. He wanted to talk about why I was ready. I went home, barely slept, and finally allowed myself to imagine what could happen if I said yes. I did — and that decision changed the trajectory of my career.

As I told the audience, we gathered not just to talk about being fearless, but about what it means to do things afraid. Because, truly, “we were built to never stay in the shallow end.”

A Keynote on Authenticity and Possibility

Our keynote speaker, Clare Cusack, President and CEO of the New York Bankers Association, reminded us what becomes possible when leaders show up as their full, honest selves. A lifelong Long Islander and the first woman to hold her position in the association’s 131-year history, Clare spoke about her unconventional path and the power of embracing it.

One of the most moving moments came when she shared the story of a dancer who lost her leg in the Boston Marathon bombing and later trained to run the marathon on a prosthetic limb. On the night before the race, the dancer found a quote that carried her forward:

“No one is cheering louder for me than the woman I used to be. If that girl could see me now, never forget how wildly capable you are.”

Clare added, “Never forget how wildly capable you can be. Cheer for the future woman, too.”

Fear, Focus, and the Courage to Lead

Our panel, moderated by attorney Domenique Camacho Moran, a partner at Farrell Fritz, turned that message into practice. Each leader shared a moment when fear met purpose — and purpose won.

Teresa Ferraro, President and CEO of East/West Industries, reflected on leading a company whose mission is ensuring the safety of military aircrew. She spoke about listening as a core leadership skill, noting, “Two ears and one mouth — make sure you listen. It helps you stay focused and aware.”

Davi Tserpelis, Senior Vice President and Regional Business Banking Manager at City National Bank, described her defining quality in one word: tenacity. She shared how a difficult comment from a colleague once brought her to tears, until she later realized it was actually a recognition of her persistence. Then came a far greater trial: a breast cancer diagnosis shortly after starting a new role. She continued working throughout treatment, telling her children every day she would be okay. “I became — and stayed — very positive,” she said. “Now I get to inspire other women to be strong.”

Skye Ostreicher, founder of In the Room Media, talked about her unexpected shift from chemistry major to studying what she calls “human chemistry” — the reactions between leaders, organizations, and communities. She described losing a job during the pandemic, only to later build a platform that uplifts stories and voices that might otherwise go unheard.

Katherine Fritz, President and CEO of Long Island Cares, grounded the conversation in purpose shaped by experience. Growing up, her family sometimes relied on subsistence skills to stay fed — a perspective that drives her mission today. She also shared the bravest thing she has ever done: after losing her left foot in an accident, she spent years relearning to walk, then traveled alone to Europe to complete more than 200 miles of the Portuguese Coastal Camino.

Dawn Cagliano, President of IVCi, highlighted the responsibility leaders have to grow the people around them. Skills matter, she said, but emotional intelligence is what creates trust and followership. True leadership is measured not by individual achievements, but by how well others thrive because of you.

Throughout the discussion, Domenique emphasized the power of women speaking honestly — about ambition, uncertainty, and the moments that require courage. When women at different stages of their careers gather for open conversation, she said, clarity and confidence begin to rise.

Breakouts: Turning Insight into Action

This year’s conference also featured six breakout sessions designed to turn inspiration into practical strategy:

  • The Success Equation: Multiply Your Potential Exponentially
  • Level Up: Women Leading with Purpose
  • Lead the Transformation — Navigating AI with Confidence
  • Own Your Own Story: 20 Real Lessons for the Real World
  • Built to Connect: The Undeniable Power of Women Who Choose to Collaborate
  • The Triple Decker Sandwich Generation: Not Your Mother’s Estate Plan — Redefining Wealth, Caregiving, and Legacy for Today’s Woman

These conversations bridged leadership development, technology, storytelling, collaboration, and multigenerational caregiving — showing that women’s leadership is not one-dimensional. It is dynamic, evolving, and deeply interconnected.

The Message: Fearless Begins with Honest

If there was one thread binding the keynote, panel, and breakout rooms, it was this: women become fearless and focused not by eliminating fear, but by telling the truth about it — and choosing to move anyway. Leadership becomes possible when authenticity meets community, when lived experience becomes an asset, and when we cheer not only for the women we are, but the women we are still becoming.

The stories shared this year — about resilience, reinvention, caregiving, healing, entrepreneurship, and bold career choices — are proof that Long Island’s future is in capable hands. Our job now is to keep creating the spaces where women rise, support one another, and continue stepping out of the shallow end.

Women as Economic Catalysts: The Imperative of Leadership and Inclusion

Fifteen years ago, during a women’s business leaders forum led by U.S. Senator Kirsten Gillibrand, we began a dialogue about the unique challenges facing women in the workforce. Senator Gillibrand challenged us to keep that conversation alive, and this led to the birth of HIA-LI’s Women’s Leadership Conference. Today, this annual event is not just a tradition but a vital forum for exploring the critical role women play in driving economic growth.

Globally, the gender gap is closing, but progress remains slow. According to the World Economic Forum, the global gender gap stands at just 68.6% closed, meaning women still face significant disparities in economic participation, education, health, and political empowerment. At the current pace, it will take 131 years to achieve full parity. According to the U.S. Bureau of Labor Statistics, the labor force participation rate for women aged 16 and over was just 57.4% in October 2024, reflecting ongoing challenges in workforce engagement. These numbers underscore why events like this year’s HIA-LI Women’s Leadership Conference are essential.

This year’s conference focused on authentic leadership and workplace equity, offering actionable strategies to empower women while addressing systemic barriers. One of the most striking statistics comes from Pew Research, which highlights that women still earn just 82% of what men earn for similar work—a gap that has only narrowed by 2% over the past two decades. For women of color, these disparities are even more pronounced. Addressing these issues isn’t just a moral imperative; it’s an economic one. Studies consistently show that companies with diverse leadership teams outperform their peers.

This year, our keynote speaker, Linda Armyn, CEO of Bethpage Federal Credit Union, shared insights from Bethpage’s “Money Like a Woman” campaign, which celebrates women’s strengths in collaborative decision-making and long-term financial planning. Her message was clear: empowering women financially uplifts entire communities. Armyn’s keynote set the tone for a day that was both inspiring and pragmatic.

The event also featured a panel of accomplished leaders who shared their journeys and insights. Panelist Gwen O’Shea, CEO of Community Development Long Island, reminded us of the critical need to address pay disparities and ensure systemic change. Tracey Edwards, Senior VP at Sands New York, discussed the importance of personal branding and ethical leadership, while Lauren Nichols, President of 3G Warehouse, highlighted how setbacks can serve as powerful learning opportunities. Christine Flaherty, Senior Vice President for Real Estate Development and Facilities at Catholic Health, emphasized listening and adapting as keys to effective leadership, while Carolyn Mazzenga, Office Managing Partner, Marcum LLP, stressed the importance of trusting your intuition and seeking mentors who can guide you through critical moments in your career.

One of the day’s most poignant moments was the fireside chat featuring Kristen Reynolds, CEO of Discover Long Island, and News 12 anchor Erin Colton. Their discussion explored mental health challenges, resilience, and the importance of seeking balance in a demanding world. Colton’s candid reflections on her own experiences with anxiety and depression resonated deeply, reminding us all of the power of vulnerability in leadership.

Our breakout sessions provided practical tools for attendees, covering topics from work-life integration to reclaiming authenticity. And in a particularly inspiring addition this year, we welcomed young women from local high schools. Carol Allen, HIA-LI Board Chair and President and CEO of People’s Alliance Federal Credit Union, offered advice to these future leaders: “Embrace the journey, stay curious, and take something valuable with you from every opportunity.” Their presence underscored the importance of fostering leadership at every stage.

As I reflect on this year’s conference, I am reminded of why this work matters. Women are not just participants in the economy; they are drivers of innovation, growth, and community. Yet challenges like pay inequity and underrepresentation in leadership persist. Through initiatives like the HIA-LI Women’s Leadership Conference, we are not just discussing these issues—we are taking steps to solve them. Together, we can create an economy that works for everyone.

Women to Talk Business at Friday’s Executive Leadership Event

Women are steadily increasing their ranks among business leaders overall.

Yet despite growing numbers, female entrepreneurs still face challenges in the corporate workplace.

They confront hurdles in striking the right work-life balance. They often need to look harder to obtain the right kind of mentoring. And the pandemic further complicated women’s pathways to business success.

What are the solutions? What best practices can we point to? And how does this all play out on Long Island?

This Friday morning, November 19, we’ll have an opportunity to get some answers.

A panel of high-achieving Long Island businesswomen will talk through issues like this at HIA-LI’s 11th Annual “Women Leading the Way” executive leadership event. It takes place at the LGBT Network at 125 Kennedy Drive, Suite 100 in Hauppauge. 

The panel, running from 8:00 am to 10:00 am, will be moderated by Domenique Camacho-Moran, a Partner with Farrell Fritz PC. Panelists include Lisa Mirabile, President and CEO of Vertigo Media Group; Karen Boorshtein, President and CEO of Family Service League; Lauren Nichols, President of 3G Warehouse, Inc.; and Natalie Wright, Suffolk County’s Commissioner of Economic Development and Planning.

Happily, the numbers for women executives are encouraging. Looking at census bureau data, the number of women-owned businesses nationwide increased 21 percent between 2014 and 2019, while all businesses increased nine percent. More than ten million women-owned firms generated $1.9 trillion in sales and employed 13 million people.

The idea that HIA-LI should host an annual forum to tackle woman-centered business issues was originally suggested by U.S. Senator Kirsten Gillibrand in 2010.

“Women Leading the Way” also features a craft fair.

Attendees may take part in person or via Zoom. The registration fee is $50 for in-person attendance, and $25 for virtual participation.

Vendors wishing to exhibit at the craft fair should contact HIA-LI at 631-543-5355.

The event is sponsored by Farrell Fritz, PC; People’s Alliance Federal Credit Union; Campolo, Middleton McCormick, LLP; Brookhaven National Laboratory; the LGBT Network; Signwave; City National Bank; LITimes.org; Mark Grossman Public Relations; WSHU Public Radio; and IHOP. For sponsorship opportunities, contact Anthony Forgione at aforgione@hia-li.org.

Per CDC guidelines, those not fully vaccinated will be required to wear a face mask.

To register, go to https://www.hia-li.org/events/hia-lis-11th-annual-womens-leadership-program/ or call 631-543-5355. I look forward to seeing you then!

CAN WOMEN LEAD THE WAY?

Women's Panel 2019
Joining me in this photo are, from left: Joanna Austin, Publisher and Executive Vice President, Long Island Press/Schneps Media; Domenique Camacho-Moran, Partner, Farrel Fritz, PC; Rebecca O’Connell, Managing Director and Region Head, Chase Bank; Carolyn Mazzenga, Office Managing Partner, Marcum, LLP; and, Kristen Jarnagin, President and CEO, Discover Long Island.

In 2010, U.S. Senator Kirsten Gillibrand recommended that HIA-LI create a regular forum where female business leaders could mentor one another – and explore strategies for success.

In response, we inaugurated our annual “Women Leading the Way” Executive Breakfast. And on November 22 – with some 200 guests present – HIA-LI held our Ninth Annual Executive Breakfast at Hauppauge’s Stonebridge Country Club. Our panel was skillfully moderated by Domenique Camacho-Moran, partner at the Farrell Fritz law firm.

Women already own more than ten million companies nationwide employing more than 13 million people – generating more than $1.9 trillion in sales.

In 2018, 24 Fortune 500 firms had female CEOs. In 2019 that figure had reached 33. So while things are trending in the right direction, there’s still a long way to go.

What guidance did our blue-ribbon panel of female Long Island executives provide?

Rebecca O’Connell, managing director at JPMorgan Chase Commercial Banking’s Long Island headquarters in Melville, described her bottom-up approach to leadership.

“I like to define success as building leaders, not gaining followers,” O’Connell said. “And driving forward in a team capacity.”

Long Island Press publisher Joanna Austin urged audience members to act as energizers and motivators.

“Aim to bring in energy and a positive vibe,” she said. “Try to infuse energy into every single task, no matter how mundane.”

Carolyn Mazzenga, office managing partner at the Marcum accounting firm in Melville, told attendees that advancement comes by taking action.  Not by simply “hoping” for recognition and promotions.

“We have a saying,” she said. “Hope is not a strategy.”

The CEO of our region’s tourism promotion agency, Kristen Jarnagin of Discover Long Island, also stressed action over words.

“People love to talk about things,” she told event guests. “So what are we going to do about it? That’s how you execute.”

As I offer HIA-LI’s huge “thank you” to Domenique and our terrific panelists, I’d like to close with some business advice that cuts across both genders.

As I’ve mentioned before, a businessman told me something early in my career. He said that race, age, and gender shouldn’t be a primary driver of hiring and promoting decisions.

He said to look for “strength of character and conviction – and how big your heart is.”

I’d like to wish you and yours best wishes for the holiday season and health and happiness in the new year.