July 2024 Report Summary
Companies continue to diversify board composition by appointing women to public company boards.
Women comprised 28.3% of new appointments to public boards of directors, with 91 women and 231 men appointed in July 2024. The pressure to increase diversity at the board level remains critical to ensuring the advancement of women in boardrooms and professional environments overall.
While only 22% of the newly appointed women board members chose to self-disclose their race or ethnicity, boards must continue to prioritize both gender and racial diversity. The data continues to highlight the value of disclosure, as data gaps inhibit advocates and allies from understanding the complete picture of women’s representation on boards, especially for women of color (WOC), and where progress can be made.
In July, women who self- identified as Asian or Pacific Islander were represented highest in board appointments, with 9 women appointed tboards, making up about 10% of all appointed women.
Additionally, women affiliated with WBC Partner organizations also touted appointments in July, including Indrani Lall Franchini of the Latino Corporate Directors Association, Susan T. Flanagan and Robin A. Ferracone of Women Corporate Directors and Kathleen A. Winters of the Women’s Forum of New York.
Of the newly women appointed to the boards of public companies, 40, or 44%, were first-time board appointments. In July, consumer cyclical companies led the way in the appointment of women board directors with 18.6% of total appointments. Financial Services companies followed closely behind with women filling 17.5% of newly appointed board memberships.
Finally, WBC acknowledges companies leading the way this month include Smurfit Westrock and Lineage Incorporated, which had the most reported board appointments for women.
Equilar and WBC are tracking and analyzing the growth and rotation of board seats on public companies and the expanding candidate pool. Through our partnership, we will continue to track and analyze not only the count, diversity and profile of the women appointed to boards; but also the companies and industries where women are leading.
| Company | Director | Industry | Ethnicity on ExecAtlas |
|---|---|---|---|
| 10x Genomics, Inc. | Sarah A. Teichmann | Healthcare | |
| AutoNation, Inc. | Claire M. Bennett | Consumer Cyclical | |
| Avanos Medical, Inc. | Indrani Lall Franchini | Healthcare | Hispanic / Latino |
| BAIYU Holdings, Inc. | Rongrong Jiang | Industrials | Asian / Pacific Islander |
| Bakkt Holdings, Inc. | Colleen Birdnow Brown | Technology | |
| Bitcoin Depot Inc. | Teri Fontenot | Financial Services | |
| Business First Bancshares, Inc. | Zeenat Sidi | Financial Services | |
| Casey's General Stores, Inc. | Maria Castanon Moats | Consumer Defensive | Hispanic / Latino |
| CBRE Group, Inc. | Gunjan Soni | Real Estate | Asian / Pacific Islander |
| Cognizant Technology Solutions Corporation | Karima Silvent | Technology | Black / African American |
| Coinbase Global, Inc. | Christa Davies | Technology | |
| Concentra Group Holdings Parent, Inc. | Dr. Cheryl Pegus M.D. | Healthcare | Black / African American |
| ConnectM Technology Solutions, Inc. | Kathleen C. Cuocolo | Technology | |
| Cutera, Inc. | Jeryl L. Hilleman | Healthcare | |
| Eaton Corporation plc | Karenann K. Terrell | Industrials | |
| Fate Therapeutics, Inc. | Neelufar Mozaffarian | Healthcare | |
| FinWise Bancorp | Susan P. Ehrlich | Financial Services | |
| Ford Motor Company | Adriana Cisneros | Consumer Cyclical | Hispanic / Latino |
| Frontier Group Holdings, Inc. | Nancy Lipson | Industrials | |
| Good Times Restaurants Inc. | Rossi Sophia Rivka | Consumer Cyclical | |
| Hanesbrands Inc. | Sharilyn S. Gasaway | Consumer Cyclical | |
| Immunic, Inc. | Simona Skerjanec | Healthcare | |
| Jack Henry & Associates, Inc. | Lisa M. Nelson | Technology | |
| Jack Henry & Associates, Inc. | Tammy S. LoCascio | Technology | |
| Jacobs Solutions Inc. | Mary M. Jackson | Industrials | |
| James River Group Holdings, Ltd. | Christine LaSala | Financial Services | |
| Janux Therapeutics, Inc. | Natasha A. Hernday | Healthcare | |
| Jazz Pharmaceuticals plc | Laura Jean Hamill | Healthcare | |
| Kura Sushi USA, Inc. | Treasa Bowers | Consumer Cyclical | Black / African American |
| Lee Enterprises, Incorporated | Madeline McIntosh | Communication Services | |
| Lindblad Expeditions Holdings, Inc. | Annette Reavis | Consumer Cyclical | Black / African American |
| Lineage, Inc. | Shellye Archambeau | Real Estate | Black / African American |
| Lineage, Inc. | Lynn A. Wentworth | Real Estate | |
| Lineage, Inc. | Nancy Joy Falotico | Real Estate | |
| Lithia Motors, Inc. | Casandra M. McKinney | Consumer Cyclical | Black / African American |
| Longeveron Inc. | Neha Motwani | Healthcare | |
| Medpace Holdings, Inc. | Dani S. Zander | Healthcare | |
| MillerKnoll, Inc. | Jeanne Gang | Industrials | |
| Natural Health Trends Corp. | Lucy Nduati | Consumer Cyclical | |
| NETGEAR, Inc. | Laura Orvidas | Technology | |
| Nextdoor Holdings, Inc. | Elisa A. Steele | Communication Services | |
| Novanta Inc. | Mary Kay Ladone | Technology | |
| Open Text Corporation | Annette Peterson Rippert | Technology | |
| Orrstown Financial Services, Inc. | Sarah M. Brown | Financial Services | |
| Park National Corporation | Karen A. Morrison | Financial Services | Black / African American |
| Park National Corporation | Kelly K. Gratz | Financial Services | |
| Parker-Hannifin Corporation | E. Jean Savage | Industrials | |
| Paycom Software, Inc. | Archana Vemulapalli | Technology | Asian / Pacific Islander |
| Peoples Financial Services Corp. | Kathleen McCarthy Lambert | Financial Services | |
| Phinia Inc. | Meggan M. Walsh | Consumer Cyclical | |
| Pinnacle West Capital Corporation | Carol S. Eicher | Utilities | |
| Pinnacle West Capital Corporation | Susan T. Flanagan | Utilities | |
| Planet Labs PBC | Susan D. Wojcicki | Industrials | |
| PPG Industries, Inc. | Kathy Lynn Fortmann | Basic Materials | |
| Precigen, Inc. | Nancy Howell Agee | Healthcare | |
| PS International Group Ltd. | Lai Ping Chan | Industrials | Asian / Pacific Islander |
| Public Storage | Maria R. Hawthorne | Real Estate | Hispanic / Latino |
| Quaker Chemical Corporation | Nandita Bakhshi | Basic Materials | Asian / Pacific Islander |
| Quaker Chemical Corporation | Mrs. L.J.I. Foufopoulos - De Ridder | Basic Materials | |
| Riverview Bancorp, Inc. | B. Nicole Sherman | Financial Services | |
| S&P Global Inc. | Martina L. Cheung | Financial Services | Asian / Pacific Islander |
| Seaport Entertainment Group Inc. | Monica Digilio | Real Estate | |
| Selective Insurance Group, Inc. | Kate Sampson | Financial Services | |
| Shutterstock, Inc. | Jaime Teevan | Communication Services | |
| Skye Bioscience, Inc. | Dr. Karen L. Smith M.D., Ph.D. | Healthcare | |
| Smurfit Westrock Plc | Carol Fairweather | Consumer Cyclical | |
| Smurfit Westrock Plc | Colleen F. Arnold | Consumer Cyclical | |
| Smurfit Westrock Plc | Kaisa H. Hietala | Consumer Cyclical | |
| Smurfit Westrock Plc | María de Lourdes Melgar Palacios | Consumer Cyclical | |
| Smurfit Westrock Plc | Mary Lynn Ferguson-McHugh | Consumer Cyclical | |
| Smurfit Westrock Plc | Suzan F. Harrison | Consumer Cyclical | |
| Southern California Bancorp | Rochelle G. Klein | Financial Services | |
| SouthState Corporation | Merriann Metz | Financial Services | |
| SpartanNash Company | Dorlisa Flur | Consumer Defensive | |
| STAG Industrial, Inc. | Vicki Lundy Wilbon | Real Estate | |
| Stardust Power Inc. | Charlotte Nanguloshi Nangolo | Industrials | |
| Strattec Security Corporation | Jennifer Lynn Slater | Consumer Cyclical | |
| Sunrise Realty Trust, Inc. | Jodi Bond | Real Estate | |
| Talis Biomedical Corporation | Patricia Ferrari | Healthcare | |
| TEGNA Inc. | Catherine Dunleavy | Communication Services | |
| Telesis Bio, Inc. | Sarah E. Hlavinka | Healthcare | |
| The Hartford Financial Services Group, Inc. | Kathleen A. Winters | Financial Services | |
| Tivic Health Systems, Inc. | Christina Rizopoulos Valauri | Healthcare | |
| ToughBuilt Industries, Inc. | Monica Pitterle | Industrials | |
| TOYO Co., Ltd | Dr. Aihua Wang Ph.D. | Industrials | Asian / Pacific Islander |
| TOYO Co., Ltd | June Han | Industrials | Asian / Pacific Islander |
| Turtle Beach Corporation | Elizabeth Berlacher Bush | Technology | |
| TWFG, Inc. | Janet Wong | Financial Services | Asian / Pacific Islander |
| TWFG, Inc. | Robin A. Ferracone | Financial Services | |
| Vince Holding Corp. | Kelly Griffin | Consumer Cyclical | |
| VSee Health, Inc. | Cydonii V. Fairfax | Healthcare |