December 2022 Report Summary

As we close out the year, companies continue to diversify board composition by appointing women to the board of public companies. 

In December, women comprised 32.05% of new appointments to the boards of public companies. Public companies appointed 75 women to boards and 159 men to their boards. The pressure to increase diversity from the C-Suite to the board level remains as the year ends on a downward trend. 

While only 24 of the newly appointed women Board members (32% of new women appointments) chose to self-disclose their race, we continue to see diversification and continue to highlight the need to disclose. In December, Asian/Pacific Islander women took the lead in board appointments, with 12 women being appointed to public boards, making up 16% of all appointments. They are closely followed by 8 Black/African American women (10.7%). Hennessy Advisors, Enterprise Financial Services, and Euronet Worldwide are some of the companies that appointed this phenomenal group of diverse women to their boards. 

Of the 75 women appointed to the boards of public companies, 36 (or 48%) were first-time board appointments. In December, healthcare companies led the way in appointing women, followed by tech and financial services companies, with appointed women filling 25.33% of board seats at healthcare companies and 16% appointed to financial services boards. In the tech industry, we see strides being made by women at companies like Intel Corporation.

Board Report Infographics Ethnicity

Equilar and WBC track and analyze the growth and rotation of board seats in public companies and the expanding candidate pool. We will continue to track not only the women in terms of numbers, diversity, and profile; but the companies and industries in which female board members are present and how many of the overall board seats are held by women. Please join us in celebrating, tracking, analyzing, and promoting women serving on corporate boards.

AgEagle Aerial Systems, Inc.Kelly J. AndersonIndustrials
Amerant Bancorp Inc.Erin D. KnightFinancial Services
American Express CompanyDeborah Platt MajorasFinancial Services
American International Group, Inc.Paola BergamaschiFinancial Services
American Water Works Company, Inc.Laurie P. HavanecUtilities
ANSYS, Inc.Claire Bramley Technology
Antero Midstream CorporationNancy E. ChisholmEnergy
Avaya Holdings Corp.Jill Kathleen Frizzley Technology
AvidXchange Holdings, Inc.Sonali Sambhus TechnologyAsian / Pacific Islander
Bath & Body Works, Inc.Gina R. Boswell Consumer Cyclical
Blackbaud, Inc.Rupal S. Hollenbeck Technology
Blue Foundry BancorpElizabeth Varki Jobes Financial ServicesAsian / Pacific Islander
Bolt Biotherapeutics, Inc.Laura Berner JD Healthcare
Camden National CorporationRebecca HatfieldFinancial ServicesBlack / African American
Churchill Downs IncorporatedAndréa Carter Consumer CyclicalBlack / African American
CNS Pharmaceuticals, Inc.Faith L. Charles Healthcare
Codexis, Inc.H. Stewart Parker Healthcare
Colony Bankcorp, Inc.Audrey Hollingsworth Financial ServicesBlack / African American
CRA International, Inc.Heather E. TookesIndustrialsBlack / African American
Disc Medicine, Inc.Mona Ashiya HealthcareAsian / Pacific Islander
EMCOR Group, Inc.Rebecca A. Weyenberg Industrials
EnerSysTamara Morytko Industrials
Enterprise Financial Services CorpLyne B. Andrich Financial Services
Enterprise Financial Services CorpMarcela Manjarrez Financial ServicesHispanic / Latino
Enterprise Financial Services CorpLina A. YoungFinancial Services
Erayak Power Solution Group Inc.Jing Chen IndustrialsAsian / Pacific Islander
Erayak Power Solution Group Inc.Peiling ChengIndustrialsAsian / Pacific Islander
Espey Mfg. & Electronics Corp.Nancy K. PatzwahlIndustrials
Euronet Worldwide, Inc.Ligia Torres TechnologyHispanic / Latino
Exicure, Inc.Jiyoung Hwang HealthcareAsian / Pacific Islander
Faraday Future Intelligent Electric Inc.Ke SunConsumer CyclicalAsian / Pacific Islander
Fortress Biotech, Inc.Dr. Lucy Lu M.D. HealthcareAsian / Pacific Islander
Fossil Group, Inc.Suzanne M. CoulterConsumer Cyclical
GE HealthCare Technologies Inc.Catherine LesjakHealthcare
GeoVax Labs, Inc.Dr. Jayne Morgan M.D. HealthcareBlack / African American
H.B. Fuller CompanyCeleste Beeks Mastin Basic Materials
HEICO CorporationCarol F. Fine Industrials
Hennessy Advisors, Inc.Kiera Newton Financial ServicesBlack / African American
Intel CorporationBarbara G. Novick Technology
IonQ, Inc.Wendy K. Thomas Technology
Kaleyra, Inc.Karin-Joyce Tjon Sien FatCommunication Services
Kaleyra, Inc.Kathy MillerCommunication Services
LifeMD, Inc.Kathleen E. Walsh Healthcare
LivePerson, Inc.Vanessa Pegueros TechnologyHispanic / Latino
LivePerson, Inc.Yael Zheng TechnologyAsian / Pacific Islander
Mamamancini'S HoldingsMeghan Henson Consumer Defensive
ManpowerGroup Inc.Ms. Muriel Penicaud Industrials
MSC Industrial Direct Co., Inc.Rahquel Purcell IndustrialsBlack / African American
New York Community Bancorp, Inc.Jennifer R. WhipFinancial Services
Opendoor Technologies Inc.Carrie A. Wheeler Real Estate
Oscar Health, Inc.Laura W. Lang Healthcare
Piedmont Office Realty Trust, Inc.Mary M. Hager Real Estate
Prosomnus, Inc.Heather D. Rider Healthcare
Prosomnus, Inc.Laing Rikkers Healthcare
QualTek Services Inc.Cielo Hernandez Communication ServicesHispanic / Latino
RE/MAX Holdings, Inc.Katherine L. ScherpingReal Estate
Sangamo Therapeutics, Inc.Courtney BeersHealthcare
Sangamo Therapeutics, Inc.Margaret A. HornHealthcare
Science Applications International CorporationCarolyn B. HandlonTechnology
Shift Technologies, Inc.Kimberly H. Sheehy Consumer Cyclical
Summit Therapeutics Inc.Yu XiaHealthcareAsian / Pacific Islander
SurgePays, Inc.Laurie Weisberg Technology
Tenaya Therapeutics, Inc.Amy L. Burroughs Healthcare
The Bank of N.T. Butterfield & Son LimitedIngrid PierceFinancial Services
The Buckle, Inc.Shruti S. Joshi Consumer CyclicalAsian / Pacific Islander
The GEO Group, Inc.Lindsay Koren Real Estate
Turtle Beach CorporationJulia W. Sze TechnologyAsian / Pacific Islander
TuSimple Holdings Inc.Wendy HayesIndustrials
Ulta Beauty, Inc.Heidi G. Petz Consumer Cyclical
UnitedHealth Group IncorporatedKristen Gil Healthcare
Vertex Energy, Inc.Karen MastonEnergy
Viatris IncElisha W. Finney Healthcare
W. P. Carey Inc.Mechthild Elisabeth Talma StheemanReal Estate
WD-40 CompanyCynthia B. Burks Basic MaterialsBlack / African American
Yumanity Therapeutics Inc.Marion R. Foote Healthcare