March 2023 Report Summary

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

Companies are continuing to diversify board composition by appointing women to the board of public companies. In March, women comprised 39.1% of new appointments to the boards of public companies, which is a 10% increase from last month. Public companies appointed 118 women to boards and 184 men to their boards. The pressure to increase diversity from the C-Suite to the board level remains as the year begins. 

While only 43 of the newly appointed women board members (36.44% of new women appointments) chose to self-disclose their race, we continue to see diversification and continue to highlight the need to disclose. In March, Asian / Pacific Islander women took the lead in board appointments with 19 women being appointed to public boards, making up 16.10% of all appointments. They are closely followed by 17 Black / African American women (14.41%). Best Buy, eBay, and JPMorgan Chase & Co. are some of the companies that appointed this phenomenal group of diverse women to their boards.

Of the 118 women appointed to the boards of public companies, 63, or 53.39%, were first time board appointments. In March, consumer cyclical companies led the way in the appointment of women followed by industrials and healthcare companies; with appointed women filling 22.88% of board seats at consumer cyclical companies, 19.49% at industrials companies, and 14.41% at healthcareBoard Report Infographics Ethnicity companies. In the consumer cyclical industry, we see strides being made by women at companies like Marriott International.

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.

CompanyTitleIndustryEthnicity
Addus HomeCare CorporationHeather DixonHealthcare
AIM ImmunoTech Inc.Nancy K. BryanHealthcare
Akoustis Technologies, Inc.Michelle Petock Technology
Ambipar Emergency ResponseMariana Loyola Ferreira Sgarbi IndustrialsHispanic / Latino
Ambipar Emergency ResponseIzabel Cristina Andriotti Cruz de OliveiraIndustrialsHispanic / Latino
Ambipar Emergency ResponseAlessandra Bessa Alves de MeloIndustrialsHispanic / Latino
American International Group, Inc.Vanessa Ames WittmanFinancial Services
American International Group, Inc.Diana Mather MurphyFinancial Services
Amylyx Pharmaceuticals, Inc.Karen Firestone Healthcare
Apartment Investment and Management CompanySherry L. Rexroad Real Estate
AppFolio, Inc.Olivia Nottebohm Technology
Apple Hospitality REIT, Inc.Carolyn B. HandlonReal Estate
AptarGroup, Inc.Julie Xing Consumer CyclicalAsian / Pacific Islander
Arhaus, Inc.Alexis DePree Consumer Cyclical
ATI Inc.Ruby Sharma IndustrialsAsian / Pacific Islander
Atlas Energy Solutions Inc.Stacy Hock Energy
Atlas Energy Solutions Inc.Gayle L. Burleson Energy
Aurora Innovation, Inc.Gloria R. Boyland TechnologyBlack / African American
Avanos Medical, Inc.Lisa Egbuonu-Davis HealthcareBlack / African American
Axon Enterprise, Inc.Jeri WilliamsIndustrialsBlack / African American
BARK, Inc.Michele S. Meyer Consumer Cyclical
BARK, Inc.Paulette R. Dodson Consumer CyclicalBlack / African American
Beacon Roofing Supply, Inc.Racquel Harris Mason IndustrialsBlack / African American
Beamr Imaging Ltd.Osnat Michaeli TechnologyMiddle Eastern / North African
Belden Inc.Vivie Lee IndustrialsAsian / Pacific Islander
Best Buy Co., Inc.Melinda D. Whittington Consumer Cyclical
Best Buy Co., Inc.Sima D. Sistani Consumer CyclicalMiddle Eastern / North African
Boxed, Inc.Pamela Corrie Consumer Cyclical
Broadwind, Inc.Jeanette A. Press Industrials
CalciMedica, Inc.A. Rachel LehenyHealthcare
Carisma Therapeutics, Inc.Regina Hodits Healthcare
Caterpillar Inc.Judith Fran Marks Industrials
CBL International LimitedKaren Yee Lynn Cheah EnergyAsian / Pacific Islander
CenterspaceAnne M. Olson Real Estate
Clean Energy Technologies, Inc.Lauren MorrisonIndustrials
Clean Harbors, Inc.Karyn Polito Industrials
Conn's, Inc.Karen Hartje Consumer Cyclical
CONSOL Energy Inc.Valli Perera EnergyAsian / Pacific Islander
CONSOL Energy Inc.Cassandra Chia-Wei PanEnergyAsian / Pacific Islander
DiaMedica Therapeutics Inc.Tanya LewisHealthcareBlack / African American
DLH Holdings Corp.Judith L. Bjornaas Industrials
Domo, Inc.Renee Soto Technology
DT Midstream, Inc.Angela N. Archon EnergyBlack / African American
eBay Inc.Shripriya Mahesh Consumer CyclicalAsian / Pacific Islander
Entergy CorporationGina F. Adams UtilitiesBlack / African American
Envestnet, Inc.Barbara Turner TechnologyBlack / African American
Envestnet, Inc.Lauren Wolfe Technology
Envestnet, Inc.Wendy Lane Technology
EOG Resources, Inc.Lynn A. Dugle Energy
EPAM Systems, Inc.DeAnne Aguirre Technology
Faraday Future Intelligent Electric Inc.Li HanConsumer CyclicalAsian / Pacific Islander
Farmland Partners Inc.Jennifer S. Grafton Real Estate
FAT Brands Inc.Carmen Vidal Consumer Cyclical
Forestar Group Inc.Elizabeth ParmerReal Estate
Fortune Brands Innovations, Inc.Stephanie L. Pugliese Consumer Cyclical
Four Corners Property Trust, Inc.Barbara Angelica Faylona Jesuele Real EstateAsian / Pacific Islander
Global Partners LPClare McGrory Energy
H&E Equipment Services, Inc.Suzanne H. WoodIndustrials
Hannon Armstrong Sustainable Infrastructure Capital, Inc.Kimberly A. Reed Real Estate
Haynes International, Inc.Alicia B. Masse Industrials
Hyliion Holdings Corp.Melanie Montague Trent Consumer Cyclical
IMAX CorporationGail Berman Communication Services
IMAX CorporationJennifer L. Wong Communication ServicesAsian / Pacific Islander
InnovAge Holding Corp.Patricia Fontneau Healthcare
Invesco Mortgage Capital Inc.Katharine W. Kelley Real Estate
Johnson Controls International plcDr. Ayesha Khanna IndustrialsAsian / Pacific Islander
JPMorgan Chase & Co.Alicia S. Boler Davis Financial ServicesBlack / African American
Kinnate Biopharma Inc.Jill DeSimone Healthcare
Krystal Biotech, Inc.Catherine Mazzacco Healthcare
Lattice Semiconductor CorporationElizabeth M. SchwartingTechnology
Lulu'S Fashion Lounge Holdings, Inc.Caroline Sio-Chin Sheu Consumer CyclicalAsian / Pacific Islander
Lulu'S Fashion Lounge Holdings, Inc.Crystal Landsem Consumer Cyclical
Marathon Petroleum CorporationToni Townes-Whitley EnergyBlack / African American
Marriott International, Inc.Lauren R. Hobart Consumer Cyclical
Marsh & McLennan Companies, Inc.Judith Hartmann Financial Services
Marten Transport, Ltd.Patricia L. JonesIndustrials
Mattel, Inc.Dr. Noreena Hertz Ph.D.Consumer Cyclical
Mid-America Apartment Communities, Inc.Deborah H. Caplan Real Estate
Miller Industries, Inc.Jill E. Sutton Consumer Cyclical
Miller Industries, Inc.Susan E. Sweeney Consumer Cyclical
Muscle Maker, Inc.Hannah OhConsumer CyclicalAsian / Pacific Islander
Natera, Inc.Ruth Williams-Brinkley HealthcareBlack / African American
Near Intelligence, Inc.Kathryn T. Petralia Technology
Near Intelligence, Inc.Mary KrishnamoorthyTechnologyAsian / Pacific Islander
Northrop Grumman CorporationMary Winston IndustrialsBlack / African American
Northrop Grumman CorporationKimberly A. RossIndustrials
NovoCure LimitedKristin Stafford Healthcare
NOW Inc.Karen David-Green Energy
ON24, Inc.Cynthia L. Paul Technology
ON24, Inc.Teresa Anania Technology
OneWater Marine Inc.Carmen R. Bauza Consumer CyclicalHispanic / Latino
Overstock.com, Inc.Joanna Catherine BurkeyConsumer Cyclical
Payoneer Global Inc.Sharda Caro del Castillo TechnologyAsian / Pacific Islander
PBF Energy Inc.Georganne Hodges Energy
Roivant Sciences Ltd.Meghan FitzGerald Healthcare
Royal Caribbean Cruises Ltd.Rebecca Yeung Consumer CyclicalAsian / Pacific Islander
Sage Therapeutics, Inc.Jessica Federer Healthcare
Saul Centers, Inc.Patricia Saul LotuffReal Estate
SMX (Security Matters) Public Limited CompanyZeren Browne Industrials
SMX (Security Matters) Public Limited CompanyPauline KhooIndustrialsAsian / Pacific Islander
SomaLogic, Inc.Kathy L. Hibbs Healthcare
Starbucks CorporationBeth E. Ford Consumer Cyclical
Stoneridge, Inc.Sheila M. Rutt Consumer Cyclical
Stride, Inc.Allison Lawrence Consumer Defensive
Symbotic Inc.Daniela Rus Ph.D.Financial Services
The Shyft Group, Inc.Pamela L. KermischIndustrials
The Wendy's CompanyMichelle Caruso-Cabrera Consumer CyclicalHispanic / Latino
TuSimple Holdings Inc.Zhen TaoIndustrialsAsian / Pacific Islander
United States Steel CorporationAlicia J. DavisBasic MaterialsBlack / African American
Uranium Energy Corp.Trecia M. Canty EnergyBlack / African American
Urban Edge PropertiesCatherine D. RiceReal Estate
Village Farms International, Inc.Kathleen Mary MahoneyConsumer Defensive
Williams Rowland Acquisition Corp.Youlanda DeveauxFinancial ServicesBlack / African American
Wolverine World Wide, Inc.Jodi Bricker Consumer Cyclical
Xeris Biopharma Holdings, Inc.Ricki Louise Fairley HealthcareBlack / African American
Xiao-I CorporationXiaomei WuTechnologyAsian / Pacific Islander
Zura Bio LimitedJennifer Ann Jarrett Healthcare
Zurn Elkay Water Solutions CorporationEmma M. McTague Industrials

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