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.

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