February 2023 Report Summary

december 6

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

In the month of February, companies continue to diversify board composition by appointing women to the board of public companies. In February, we saw a drop in the percentage of women that comprised new appointments to the boards of public companies. For the first time in months, we have gone below the 30% mark. Women comprised only 28.8% of public board appointments.  Public companies appointed 89 women to boards and 220 men to their boards. The pressure to increase diversity from the C-Suite to the board level intensifies as the numbers decrease.

While only 25 of the newly appointed women board members (25.84% of new women appointments) chose to self-disclose their race, we continue to see diversification and continue to highlight the need to disclose. In February, Asian / Pacific Islander women took the lead in board appointments with 13 women being appointed to public boards, making up 14.61% of all appointments. They are closely followed by 9 Black / African American women (10.11%), and 1 Hispanic / Latina woman (1.12%). Abercrombie & Fitch Co., 3M Company, and The Allstate Corporation are some of the companies that appointed this phenomenal group of diverse women to their boards.

Board Report Infographics Ethnicity 4

Of the 89 women appointed to the boards of public companies, 39, or 43.8%, were first time board appointments. In February, industrial companies led the way in the appointment of women followed by technology companies and consumer cyclical companies; with appointed women filling 20.22% of board seats at industrial companies, 16.85% at technology companies, and 14.6% at consumer cyclical companies. In the consumer cyclical industry, we see strides being made by women at companies like Bath & Body Works Inc.

3M CompanyAnne H. Chow IndustrialsAsian / Pacific Islander
Abercrombie & Fitch Co.Helen Vaid Consumer CyclicalAsian / Pacific Islander
agilon health, inc.Diana L. McKenzie Healthcare
Alight, Inc.Denise Williams Technology
Alliant Energy CorporationStephanie L. Cox Utilities
Astra Space, Inc.Julie Anne Cullivan Industrials
Astronics CorporationLinda O'BrienIndustrials
Atkore Inc.Barbara Joanne Edwards IndustrialsBlack / African American
Avery Dennison CorporationFrancesca Reverberi Industrials
Bath & Body Works, Inc.Lucy Brady Consumer Cyclical
Berkshire Hills Bancorp, Inc.Karyn Polito Financial Services
Berry Global Group, Inc.Meredith R. Harper Consumer CyclicalBlack / African American
Blackstone Mortgage Trust, Inc.Gilda Perez-Alvarado Real EstateHispanic / Latino
Brandywine Realty TrustDr. Joan Lau Ph.D. Real EstateAsian / Pacific Islander
Celldex Therapeutics, Inc.Dr. Rita Jain M.D.HealthcareAsian / Pacific Islander
ChampionX CorporationElaine M. Pickle Energy
Civitas Resources, Inc.Deborah L. Byers EnergyAsian / Pacific Islander
ClearSign Technologies CorporationCatharine M. de Lacy Industrials
Cognizant Technology Solutions CorporationNella L. Domenici Technology
Diebold Nixdorf, IncorporatedMarjorie L. Bowen Technology
Eastman Chemical CompanyLinnie M. Haynesworth Basic MaterialsBlack / African American
Energy Vault Holdings, Inc.Theresa M. Fariello Utilities
Equifax Inc.Karen L. Fichuk Industrials
Eve Holding, Inc.Maria CordonIndustrials
Expedia Group, Inc.M. Moina Banerjee Consumer CyclicalAsian / Pacific Islander
F45 Training Holdings Inc.Lisa A. Gavales Consumer Cyclical
Five9, Inc.Julie Iskow Technology
Freeport-McMoRan Inc.Kathleen L. Quirk Basic Materials
Fresh Vine Wine, Inc.Michelle Hawkins WhetstoneConsumer Defensive
Globe Life Inc.Alice S. Cho Financial ServicesAsian / Pacific Islander
Halliburton CompanyJanet L. WeissEnergy
Halozyme Therapeutics, Inc.Barbara Gayle Duncan Healthcare
Heliogen, Inc.Christiana Obiaya UtilitiesBlack / African American
Hesai GroupBonnie Yi ZhangConsumer CyclicalAsian / Pacific Islander
Hesai GroupDr. Jie ChenConsumer CyclicalAsian / Pacific Islander
Hims & Hers Health, Inc.Christiane Pendarvis Consumer Defensive
Horizon Technology Finance CorporationKimberley Ann O'ConnorFinancial Services
Hour Loop, Inc.Hillary Bui Consumer Cyclical
Hyatt Hotels CorporationHeidi O'Neill Consumer Cyclical
International Flavors & Fragrances Inc.Dawn C. Willoughby Basic Materials
Invesco Ltd.Elizabeth S. Johnson Financial Services
Johnson & JohnsonDr. Paula Adina Johnson M.D.HealthcareAsian / Pacific Islander
Knight-Swift Transportation Holdings Inc.Jessica Powell Industrials
LanzaTech Global, Inc.Barbara M. Byrne Industrials
LanzaTech Global, Inc.Dorri McWhorter IndustrialsBlack / African American
LanzaTech Global, Inc.Dr. Jennifer Holmgren Ph.D.Industrials
LifeMD, Inc.Joan Larovere Healthcare
Lincoln Educational Services CorporationSylvia Jean YoungConsumer Defensive
Lumentum Holdings Inc.Pamela Fletcher Technology
MarketWise, Inc.Amber Lee Mason Technology
Matthews International CorporationAleta W. RichardsIndustrials
MEI Pharma, Inc.Adelene Q. Perkins Healthcare
Mettler-Toledo International Inc.Ingrid Zhang HealthcareAsian / Pacific Islander
Monolithic Power Systems, Inc.Eileen Wynne Technology
Monro, Inc.Hope B. WoodhouseConsumer Cyclical
Movella Holdings Inc.Patty Ross Technology
NexTier Oilfield Solutions Inc.Leslie Ann BeyerEnergy
Nextracker Inc.Rebecca Sidelinger Technology
Northwest Pipe CompanyIrma Lockridge Industrials
NovoCure LimitedAllyson J. Ocean M.D. Healthcare
NuStar Energy L.P.Suzanne Allford WadeEnergy
Ouster, Inc.Kristin M. Slanina Technology
Ouster, Inc.Virginia Boulet Technology
Outbrain Inc.Nithya B. Das Communication ServicesAsian / Pacific Islander
Pinnacle West Capital CorporationKristine L. Svinicki Utilities
Plexus Corp.Jennifer Wuamett Technology
Powell Industries, Inc.Alaina K. Brooks Industrials
Presidio Property Trust, Inc.Tracie Hager Real Estate
REX American Resources CorporationCheryl L. BustosEnergy
Rockwell Automation, Inc.Alice L. Jolla IndustrialsBlack / African American
Rogers CorporationDr. Anne K. Roby Ph.D.Technology
Semrush Holdings, Inc.Anna Baird Technology
Skyworks Solutions, Inc.Maryann Turcke Technology
Southern States Bancshares, Inc.Christine Hunsaker Financial Services
Southland Holdings, Inc.Izilda P. Martins
Southwest Airlines Co.Jill A. Soltau Industrials
Talos Energy Inc.Shandell Szabo Energy
The Allstate CorporationMonica Turner Financial ServicesBlack / African American
The Williams Companies, Inc.Carri A. Lockhart Energy
Theravance Biopharma, Inc.Susannah GrayHealthcare
Ultralife CorporationJanie Goddard IndustrialsBlack / African American
Under Armour, Inc.Carolyn N. Everson Consumer Cyclical
Under Armour, Inc.Stephanie C. Linnartz Consumer Cyclical
Vaxxinity, Inc.Gabrielle B. Toledano Healthcare
Vaxxinity, Inc.Katherine Eade Healthcare
Veradigm Inc.Susan RodriguezHealthcare
Verde Clean Fuels, Inc.Dail St. Claire UtilitiesBlack / African American
Vistra Corp.Julie A. Lagacy Utilities
Yoshiharu Global Co.Harinne Kim Consumer CyclicalAsian / Pacific Islander

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