May 2024 Report Summary
Companies continue to diversify board composition by appointing women to the board of public companies.
In May, women comprised 39.7% of new appointments to the boards of public companies. Public companies appointed 124 women to boards and 188 men to their boards. The pressure to increase diversity at the board level remains critical to ensuring the advancement of women moving into board positions.
While only 24 of the newly appointed women board members (19.6% of new women appointments) chose to self-disclose their race, boards must continue to diversify and the data continues to highlight the value of disclosure.
In May, Asian/Pacific Islander and Black/African American women took the lead in board appointments, with 10 women each appointed to public boards, making up 16.2% of all appointments. Companies such as Xerox Holdings Corporation, Lionsgate Studios Corp. and American States Water Company are leading the way as part of a phenomenal group that have appointed diverse women to their boards.
Of the 124 women appointed to the boards of public companies, 56, or 45%, were first-time board appointments. In May, Healthcare companies led the way in the appointment of women followed by Financial Services companies, with appointed women filling 20% of board seats at Healthcare companies and 15% each at Consumer Cyclical companies. In the Healthcare industry, we see strides being made by women at companies like Stryker Corporation and AdaptHealth Corp.
Equilar and WBC are tracking and analyzing the growth and rotation of board seats on public companies and the expanding candidate pool. We will continue to track and analyze not only the numbers, diversity and profile of the women being appointed to boards; but the companies and industries in which female board members are present and how many of the overall board seats are held by women.
| Company | Name | Industry | Ethnicity on ExecAtlas |
|---|---|---|---|
| 2U, Inc. | Ivona Smith | Consumer Defensive | |
| Acacia Research Corporation | Michelle Felman | Industrials | |
| Acelyrin, Inc. | Mina Kim | Healthcare | |
| ACNB Corporation | Alexandra C. Chiaruttini | Financial Services | |
| AdaptHealth Corp. | Suzanne Foster | Healthcare | |
| Affiliated Managers Group, Inc. | Annette Franqui | Financial Services | Hispanic / Latino |
| Akari Therapeutics, Plc | Rachelle Jacques | Healthcare | |
| Alarm.com Holdings, Inc. | Cecile B. Harper | Technology | |
| Alight, Inc. | Coretha M. Rushing | Technology | Black / African American |
| American States Water Company | Caroline Winn | Utilities | Asian / Pacific Islander |
| Amgen Inc. | Dr. Mary E. Klotman M.D. | Healthcare | |
| Annovis Bio, Inc. | Maria Maccecchini | Healthcare | |
| Applied Digital Corporation | Ella Gendel Benson | Financial Services | |
| Arthur J. Gallagher & Co. | Deborah H. Caplan | Financial Services | |
| Atlantic Union Bankshares Corporation | Nancy Howell Agee | Financial Services | |
| Avidity Biosciences, Inc. | Simona Skerjanec | Healthcare | |
| Baker Hughes Company | Shirley Ann Edwards | Energy | |
| Bar Harbor Bankshares | Heather D. Jones | Financial Services | |
| BCB Bancorp, Inc. | Tara L. French | Financial Services | |
| Beyond Meat, Inc. | Chelsea A. Grayson | Consumer Defensive | |
| Beyond Meat, Inc. | Nandita Bakhshi | Consumer Defensive | |
| Boston Scientific Corporation | Dr. Cheryl Pegus M.D. | Healthcare | Black / African American |
| Bunge Global SA | Anne Jensen | Consumer Defensive | |
| Burke & Herbert Financial Services Corp. | Georgette R. George | Financial Services | |
| Burke & Herbert Financial Services Corp. | Jill S. Upson | Financial Services | Black / African American |
| Business First Bancshares, Inc. | Aimee M. Quirk | Financial Services | |
| C.H. Robinson Worldwide, Inc. | Paige K. Robbins | Industrials | |
| CalAmp Corp. | Jill Kathleen Frizzley | Technology | |
| Cathay General Bancorp | Ann Yee Kono | Financial Services | Asian / Pacific Islander |
| Cathay General Bancorp | Elizabeth Woo | Financial Services | |
| Chord Energy Corporation | Hilary Foulkes | Energy | |
| Chuy's Holdings, Inc. | Nancy Freda Smith | Consumer Cyclical | |
| Clarivate Plc | Suzanne Heywood | Technology | |
| Coherus BioSciences, Inc. | Rita A. Karachun | Healthcare | |
| Cohu, Inc. | Karen Marie Rapp | Technology | |
| Community Health Systems, Inc. | Fawn D. Lopez | Healthcare | Asian / Pacific Islander |
| ConnectOne Bancorp, Inc. | Susan O'Donnell | Financial Services | |
| CPI Card Group Inc. | Lisa Oleson | Industrials | |
| Cracker Barrel Old Country Store, Inc. | Cheryl Janet Henry | Consumer Cyclical | |
| CSG Systems International, Inc. | Samantha Greenberg | Technology | |
| CSX Corporation | Anne H. Chow | Industrials | Asian / Pacific Islander |
| CVR Energy, Inc. | Julia Heidenreich | Energy | |
| Delcath Systems, Inc. | Bridget Martell | Healthcare | |
| Diversified Healthcare Trust | Dawn K. Neher | Real Estate | |
| Edgewise Therapeutics, Inc. | Arlene M. Morris | Healthcare | |
| Edwards Lifesciences Corporation | Leslie C. Davis | Healthcare | |
| Equifax Inc. | Barbara A. Larson | Industrials | |
| Essential Utilities, Inc. | Tamara Louise Linde | Utilities | |
| Exxon Mobil Corporation | Maria S. Jelescu Dreyfus | Energy | Hispanic / Latino |
| First Financial Bancorp | Anne Arvia | Financial Services | |
| First Financial Bankshares, Inc. | Sally Pope Davis | Financial Services | |
| Five9, Inc. | Maria C. Walker | Technology | |
| Fortrea Holdings Inc. | A. Machelle Sanders | Healthcare | Black / African American |
| Funko, Inc. | Cynthia W. Williams | Consumer Cyclical | |
| GE Vernova Inc. | Martina T. Hund-Mejean | Utilities | |
| Guess?, Inc. | Elsa Michael | Consumer Cyclical | |
| Haverty Furniture Companies, Inc. | Natalie B. Morhous | Consumer Cyclical | |
| Hope Bancorp, Inc. | Rachel H. Lee | Financial Services | Asian / Pacific Islander |
| Illumina, Inc. | Anna S. Richo | Healthcare | Black / African American |
| InfuSystem Holdings, Inc. | Beverly A. Huss | Healthcare | |
| International Paper Company | Jamie A. Beggs | Consumer Cyclical | |
| Jones Lang LaSalle Incorporated | Susan Melissa Gore | Real Estate | |
| Kinder Morgan, Inc. | Amy W. Chronis | Energy | |
| Lands' End, Inc. | Alicia Parker | Consumer Cyclical | |
| Leslie's, Inc. | Maile Naylor | Consumer Cyclical | |
| Lionsgate Studios Corp. | Emily Fine | Consumer Cyclical | |
| Lionsgate Studios Corp. | Mignon L. Clyburn | Consumer Cyclical | Black / African American |
| Lionsgate Studios Corp. | Priya Dogra | Consumer Cyclical | Asian / Pacific Islander |
| Lionsgate Studios Corp. | Susan R. McCaw | Consumer Cyclical | |
| Lionsgate Studios Corp. | Yvette Ostolaza | Consumer Cyclical | Hispanic / Latino |
| Lockheed Martin Corporation | Dr. Heather A. Wilson | Industrials | |
| LyondellBasell Industries N.V. | Bridget E. Karlin | Basic Materials | |
| Magnolia Oil & Gas Corporation | Shandell M. Szabo | Energy | |
| Martin Marietta Materials, Inc. | Mary T. Mack | Basic Materials | |
| Merit Medical Systems, Inc. | Silvia M. Perez | Healthcare | |
| Metallus Inc. | Melissa M. Miller | Basic Materials | Black / African American |
| Mondelez International, Inc. | Paula A. Price | Consumer Defensive | Black / African American |
| Morgan Stanley | Megan Butler | Financial Services | |
| National Bankshares, Inc. | Lutheria H. Smith | Financial Services | Black / African American |
| Nerdy, Inc. | Abigail Blunt | Technology | |
| Nextdoor Holdings, Inc. | Marissa A. Mayer | Communication Services | |
| Norfolk Southern Corporation | Mary Kathryn Heitkamp | Industrials | |
| Northern Trust Corporation | Chandra Dhandapani | Financial Services | Asian / Pacific Islander |
| NVE Corporation | Dr. Kelly Wei P.h.D. | Technology | Asian / Pacific Islander |
| O-I Glass, Inc. | Cheri M. Phyfer | Consumer Cyclical | |
| Oklo Inc. | Caroline Cochran | Utilities | |
| Old Dominion Freight Line, Inc. | Cheryl S. Miller | Industrials | Hispanic / Latino |
| Oshkosh Corporation | Annette K. Clayton | Industrials | |
| Packaging Corporation of America | Karen E. Gowland | Consumer Cyclical | |
| Palisade Bio, Inc. | Margery B. Fischbein | Healthcare | |
| Palisade Bio, Inc. | Margery Fischbein | Healthcare | |
| Phoenix Motor Inc. | Julia Yu | Consumer Cyclical | Asian / Pacific Islander |
| Presidio Property Trust, Inc. | Elena Piliptchak | Real Estate | |
| ProAssurance Corporation | Staci M. Pierce | Financial Services | |
| PulteGroup, Inc. | Kristen Actis-Grande | Consumer Cyclical | |
| Pure Cycle Corporation | Susan Heitmann | Utilities | |
| Quanta Services, Inc. | Jo-Ann dePass Olsovky | Industrials | |
| Raymond James Financial, Inc. | Cecily Mistarz | Financial Services | |
| RB Global, Inc. | Deborah S. Stein | Industrials | |
| Reddit, Inc. | Sarah Farrell | Communication Services | |
| REV Group, Inc. | Cynthia Augustine | Industrials | Black / African American |
| Silgan Holdings Inc. | Fiona Cleland Nielsen | Consumer Cyclical | |
| SiriusPoint Ltd. | Susan Lee Cross | Financial Services | |
| SiteOne Landscape Supply, Inc. | Judith S. Sansone | Industrials | |
| Sonida Senior Living, Inc. | Lilly Donohue | Healthcare | |
| Southwest Airlines Co. | Lisa M. Atherton | Industrials | |
| Spyre Therapeutics, Inc. | Sandra Milligan | Healthcare | |
| Stryker Corporation | Rachel Ruggeri | Healthcare | |
| Syndax Pharmaceuticals, Inc. | Dr. Aleksandra Rizo M.D., Ph.D. | Healthcare | |
| The Carlyle Group Inc. | Afsaneh Mashayekhi Beschloss | Financial Services | |
| Tompkins Financial Corporation | Janet M. Coletti | Financial Services | |
| TriSalus Life Sciences, Inc. | Liselotte Hyveled | Healthcare | |
| Tronox Holdings plc | Lucrece Foufopoulos-De Ridder | Basic Materials | |
| Tyler Technologies, Inc. | Margot Lebenberg Carter | Technology | |
| Tyra Biosciences, Inc. | Dr. Susan Moran M.D. | Healthcare | |
| UniFirst Corporation | Cecilia K. McKenney | Industrials | |
| V.F. Corporation | Mindy F. Grossman | Consumer Cyclical | |
| Vertex Pharmaceuticals Incorporated | Dr. Jennifer Schneider M.D. | Healthcare | |
| Village Farms International, Inc. | Carolyn Hauger | Consumer Defensive | |
| Xerox Holdings Corporation | Amy B. Schwetz | Technology | |
| Xerox Holdings Corporation | Priscilla Hung | Technology | Asian / Pacific Islander |
| Xerox Holdings Corporation | Tami A. Erwin | Technology | |
| XTI Aerospace, Inc. | Tensie Axton | Technology |