March 2022 Report Summary

As we move into 2022 the march towards parity continues. Women are rising in numbers and in representation in the boardroom. Women hold 27% of all board seats in 2021, up from 24% in 2020—the largest year-over-year increase among the Russell 3000 and far above the Russell 3000’s average annual increase of 2.14% for women on boards. Over 30 companies reached parity on their boards. In March women comprised 40.7% of new appointments to the boards of public companies. Public companies appointed 144 women to boards and 209 men to their boards.

We are very excited to announce the release of our annual ‘Women Leading Boards’ report, with 50/50 Women on Board. The report contains collective data and insight from our 23 organizations focused on advancing women and diversity boards and we are elated to say that we are the only industry tracker for appointees across the Fortune 500, S&P 500, Russell 3000, and private companies. The report shows that 2021 was a watershed year for board diversity, with women representing 42.5% of all new appointees for public companies in the U.S. in 2021.

While only 39 of the newly appointed women Board members (27% of new women appointments) chose to self-disclose their race, we continue to see increased diversification within this set. In March, Black/African American women take the lead in board appointments again with 21 women being appointed to public boards, making up 14.5% of the newly appointed women. They are closely followed by 14 Asian/Pacific Islander women, 2 Middle Eastern / North African women, 1 Latin / Hispanic woman, and 1 Mulit-Racial woman. The Home Depot, Inc., Bed Bath & Beyond Inc., and Signature Bank, are some of the companies that appointed this phenomenal group of diverse women to their boards.

Of the 144 women appointed the boards of public companies, 82 or 57% were first time board appointments, a substantially higher percentage compared to previous months. Thus, the trend to build the pipeline and number of women on boards continues. In March, Healthcare companies led the way in the appointment of women followed by Financial Services companies and Consumer Cyclical; with women appointed filling 24.3% of board seats at healthcare companies. In the Consumer Cyclical sector, we see strides being made by women at companies like Lulu’s Fashion Lounge Holdings, Inc. and Marriott International, Inc.

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 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.

ACCO Brands CorporationGina R. Boswell Industrials
Advance Auto Parts, Inc.Joan M. Holstein HilsonConsumer Cyclical
Adverum Biotechnologies, Inc.Dr. Rabia Gurses Ozden M.D.Healthcare
Adverum Biotechnologies, Inc.Soo Hong Healthcare
Air Products and Chemicals, Inc.Tonit M. CalawayBasic MaterialsBlack / African American
Alexandria Real Estate Equities, Inc.Cynthia L. Feldmann Real Estate
AlloVir, Inc.Shawn Cline Tomasello Healthcare
Altisource Portfolio Solutions S.A.Mary Hickok Financial Services
American Tower CorporationKelly C. Chambliss Real Estate
ANI Pharmaceuticals, Inc.Dr. Renee P. TannenbaumHealthcare
APi Group CorporationPaula Loop Industrials
Apollo Endosurgery, Inc.Jeannette Bankes Healthcare
Apollo Global Management, Inc.Jessica M. Bibliowicz Financial Services
Applied Molecular Transport Inc.Charlene A. Banard Healthcare
Ares Capital CorporationMary Beth Henson Financial Services
ATN International, Inc.April V. Henry Communication Services
Augmedix, Inc.Laurie A. S. McGraw Healthcare
Banner CorporationMargot James Copeland Financial ServicesBlack / African American
Bed Bath & Beyond Inc.Marjorie L. Bowen Consumer Cyclical
Bed Bath & Beyond Inc.Shelly C. Lombard Consumer CyclicalBlack / African American
Bio-Path Holdings, Inc.Aline Sherwood Healthcare
Blue Apron Holdings, Inc.Beverly K. Carmichael Consumer CyclicalBlack / African American
bluebird bio, Inc.Dr. Charlotte Jones-Burton MD HealthcareBlack / African American
Brookfield Business CorporationAnne Ruth HerkesFinancial Services
Brookfield Business CorporationPatricia L. Zuccotti Financial Services
Callaway Golf CompanyVarsha Rajendra Rao Consumer CyclicalAsian / Pacific Islander
CareTrust REIT, Inc.Careina D. Williams Real Estate
CBRE Group, Inc.Susan Meaney Real Estate
Cerberus Cyber Sentinel CorporationAshley N. Devoto Technology
CommScope Holding Company, Inc.Mindy Mackenzie Technology
CPI Aerostructures, Inc.Dorith Hakim Industrials
Crinetics Pharmaceuticals, Inc.Caren Deardorf Healthcare
Crown Holdings, Inc.Marsha C. Williams Consumer Cyclical
Cullinan Oncology, Inc.Anne-Marie Martin Healthcare
Darden Restaurants, Inc.Juliana L. Chugg Consumer Cyclical
DICE Therapeutics, Inc.Lisa Bowers Healthcare
DICE Therapeutics, Inc.Mittie Doyle MD, FACR Healthcare
Diversey Holdings, Ltd.Katherine S. Zanotti Consumer Cyclical
Dollar Tree, Inc.Cheryl W. Grise Consumer Defensive
Dollar Tree, Inc.Mary A. LaschingerConsumer Defensive
Dril-Quip, Inc.Carri A. Lockhart Energy
Dycom Industries, Inc.Carmen M. SabaterIndustrials
Edesa Biotech, Inc.Jennifer M. Chao Healthcare
electroCore, Inc.Julie Ann Goldstein Healthcare
electroCore, Inc.Tricia Wilber Healthcare
Everspin Technologies, Inc.Tara Long Technology
EVO Payments, Inc.Nikki HarlandTechnologyBlack / African American
Evoqua Water Technologies Corp.Julia A. SloatIndustrials
FactSet Research Systems Inc.Maria Teresa Tejada Financial Services
Focus Financial Partners Inc.Elizabeth R. NeuhoffFinancial Services
Forge Global Holdings, Inc.Kimberley H. VogelTechnology
Forte Biosciences, Inc.Dr. Barbara K. Finck M.D. Healthcare
FTI Consulting, Inc.Nicole S. Jones IndustrialsBlack / African American
fuboTV Inc.Julie HaddonCommunication Services
G-III Apparel Group, Ltd.Lisa Wardell CyclicalBlack / African American
G-III Apparel Group, Ltd.Patti H. Ongman Consumer Cyclical
Generac Holdings Inc.Nam Tran Nguyen / Pacific Islander
General Electric CompanyIsabella D. Goren Industrials
Genworth Financial, Inc.Elaine A. SarsynskiFinancial Services
Graham CorporationCari L. Jaroslawsky Industrials
Gray Television, Inc.Lorri McClainCommunication Services
Greif, Inc.Karen MorrisonConsumer CyclicalBlack / African American
Greif, Inc.Kimberly Thompson Scott Consumer Cyclical
Halozyme Therapeutics, Inc.Moni Miyashita HealthcareAsian / Pacific Islander
Healthcare Trust of America, Inc.Constance B. Moore Real Estate
Healthcare Trust of America, Inc.Reshma Block Real EstateAsian / Pacific Islander
HubSpot, Inc.Claire D'Oyly-Hughes Johnson Technology
India Globalization Capital, Inc.Claudia GrimaldiIndustrials
Industrial Logistics Properties TrustJune S. Youngs Real Estate
Ingles Markets, IncorporatedPatricia E. Jackson Consumer Defensive
Inogen, Inc.Mary Kay Ladone Healthcare
Intercontinental Exchange, Inc.Marti Tirinnanzi Financial Services
IPG Photonics CorporationAgnes K. Tang Technology
IRIDEX CorporationBeverly A. HussHealthcare
J.W. Mays, Inc.Jennifer L. Caruso Real Estate
Landstar System, Inc.Teresa L. White IndustrialsMulti-racial
Lantheus Holdings, Inc.Minnie Baylor-Henry HealthcareBlack / African American, Inc.Sivan WhiteleyCommunication Services
Leggett & Platt, IncorporatedAngela Barbee Consumer CyclicalBlack / African American
Liberty Global plcMarisa D Drew Communication Services
Lulu'S Fashion Lounge Holdings, Inc.Kira Yugay Consumer Cyclical
Magnite, Inc.Diane Yu Communication ServicesAsian / Pacific Islander
Marriott International, Inc.Isabella D. Goren Consumer Cyclical
Marsh & McLennan Companies, Inc.Dr. Hafize Gaye Erkan Ph.D. Financial ServicesMiddle Eastern / North African
MasTec, Inc.Ava L. ParkerIndustrialsBlack / African American
Mobiquity Technologies, Inc.Anne Schmidt Provost Communication Services
Molecular Templates, Inc.Gabriela Gruia Healthcare
Moleculin Biotech, Inc.Joy Yan HealthcareAsian / Pacific Islander
Nautilus Biotechnology, Inc.Dr. Karen Akinsanya Ph.D. HealthcareBlack / African American
Nelnet, Inc.Jona M. Van Deun Financial Services
NewAge, Inc.Michele Crocker Consumer Defensive
Newpark Resources, Inc.Claudia Michel Meer Energy
Nkarta, Inc.Angela Thedinga Healthcare
Nordstrom, Inc.Amie Thuener O'Toole Consumer Cyclical
Nuvalent, Inc.Anna Protopapas
Occidental Petroleum CorporationVicky A. Bailey EnergyBlack / African American
Ocugen, Inc.Dr. Marna C. Whittington Ph.D. Healthcare
Old Point Financial CorporationSarah Boyce GoldenFinancial Services
Onto Innovation Inc.May SuTechnologyAsian / Pacific Islander
Oracle CorporationAwo Ablo TechnologyBlack / African American
Organovo Holdings, Inc.Vaidehi Joshi HealthcareAsian / Pacific Islander
Orrstown Financial Services, Inc.Meera R. ModiFinancial ServicesAsian / Pacific Islander
Pacific Premier Bancorp, Inc.Rose McKinney-JamesFinancial ServicesBlack / African American
Pangaea Logistics Solutions, Ltd.Karen H. BeachyIndustrials
Peoples Financial Services Corp.Elisa Zuniga RamirezFinancial Services
Personalis, Inc.Olivia Kyusuk BloomHealthcare
Physicians Realty TrustAva E. Lias-BookerReal EstateBlack / African American
Pineapple Holdings, Inc.Marilyn S. Adler Technology
PLBY Group, Inc.Juliana F. HillConsumer Cyclical
Potbelly CorporationJill E. SuttonConsumer Cyclical
Rigetti Computing, Inc.Cathy L. McCarthy Technology
Rigetti Computing, Inc.Dr. Alissa Fitzgerald Ph.D.Technology
Rigetti Computing, Inc.Helene Gail Sandford Technology
Root, Inc.Beth A. Birnbaum Financial Services
Safety Insurance Group, Inc.Deborah Gray Financial Services
Sealed Air CorporationElizabeth M. AdefioyeConsumer CyclicalBlack / African American
Sight Sciences, Inc.Brenda Becker Healthcare
Signature BankJalak Jobanputra Financial ServicesAsian / Pacific Islander
Silvergate Capital CorporationRebecca Rettig Financial Services
SL Green Realty Corp.Carol N. BrownReal Estate
Solaris Oilfield Infrastructure, Inc.Laurie H. Argo Energy
SouthState CorporationShantella Carr Cooper Financial ServicesBlack / African American
Spectrum Pharmaceuticals, Inc.Juhyun LimHealthcareAsian / Pacific Islander
State Street CorporationDonnaLee A. DeMaio Financial Services
TE Connectivity Ltd.Syaru Shirley Lin TechnologyAsian / Pacific Islander
TeraWulf Inc.Kerri M. LanglaisBasic Materials
The Greenbrier Companies, Inc.Lorie L. TekoriusIndustrials
The Home Depot, Inc.Caryn Seidman-Becker Consumer Cyclical
The Home Depot, Inc.Paula Santilli Consumer CyclicalHispanic / Latino
The Toro CompanyJill M. Pemberton Industrials
Tyme Technologies, Inc.Christine D. Baker Healthcare
Unity Software Inc.Michelle Lee TechnologyAsian / Pacific Islander
Universal Technical Institute, Inc.Shannon Lei OkinakaConsumer DefensiveAsian / Pacific Islander
Unum GroupGale V. KingFinancial ServicesBlack / African American
US Foods Holding Corp.Marla C. Gottschalk Consumer Defensive
Velo3D, Inc.Dr. Ellen M. Pawlikowski Ph.D. Technology
ViewRay, Inc.Susan C. Schnabel Healthcare
WW International, Inc.Sima Sistani Consumer CyclicalMiddle Eastern / North African
Xenia Hotels & Resorts, Inc.Arlene Isaacs-Lowe Real EstateBlack / African American
XPEL, Inc.Stacy BogartConsumer Cyclical
Ziprecruiter, Inc.Brie CarereIndustrials
Generation Asia I Acquisition LimitedMei GaoFinancial Services
ZimVie Inc.Karen Matusinec Healthcare
ZimVie Inc.Sally Crawford Healthcare