Gap Inc. CEO Art Peck was in New York on March 16 to receive the 2016 Catalyst Award from an organization focused on accelerating progress for women through workplace inclusion. Peck attended the 2016 Catalyst Awards event at the Waldorf Astoria in New York City to accept the award which the nonprofit organization said recognizes Gap Inc.'s culture of equality and dedicated efforts related to the advancement of women, including employees, customers, and within the broader community. The recognition is a big deal because for the first time since the inception of the Catalyst award, Gap is the sole company to be honored by the organization and it becomes the first company from the fashion industry to be recognized by Catalyst. Women make up more than 70% of Gap's worldwide employee base, including a similar percent of its store managers and the CEO's senior leadership team, according to the company.