May 2021 Report Summary

May 2021 Women Joining Public Boards Report -Women Are At a Historic High of 41.6% of Public Company Board Appointments

In May public companies appointed 149 women and 209 men to their boards. Women thus comprised 41.6% of all public board appointments – keeping in line with the past 7-month trend.

The women appointed to fill board seats continue to diversify, with self-reporting going up by 65% from last month, bringing women of color to 34% of female public board appointees. 51 women disclosed their ethnicities with 32 (or 62.7%) identifying as Black / African American, closely followed by 10 Asian/Pacific Islanders, 8 women identifying as Hispanic and 1 woman identifying as Middle Eastern/North African. FIGS Inc, The Walt Disney Company, and Goldman Sachs Co. are some of the companies that appointed this phenomenal group of diverse women to their boards. This trend towards including diverse voices in leadership is one that continues from the Board to the C-Suite and across discussions of building finance and opportunity for women across all industries.

Of the 149 women appointed to the boards of public companies, 87 were first time board appointments. Companies such as Ford Motor Company and Kraft Heinz appointed these first time female directors. We will continue to track and ensure women occupy board seats across all industries and that the pipeline is strong.

In May, technology companies lead the way in the appointment of women with women comprising 16.8% of new appointments to board seats, followed by healthcare (16.1%) and financial services (14.8%). In the financial services sector, we see strides being made by women at companies like Heartland Financial USA, Inc. and Wintrust Financial Corporation.

The overall trend across companies continues to hold steady at over 40%. Having said that, there is still a lot of progress to be made among the women of color and LGBTQ sub-segments. Equilar and WBC are tracking and analyzing the growth and rotation of board seats 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. The time is now for women to sit across all companies, boards, and sectors. Please, join us in celebrating, tracking, analyzing, and promoting women on boards of public companies.

Ford Motor CompanyAlexandra Ford EnglishConsumer Cyclical
Werner Enterprises, Inc.Alexi A. WellmanIndustrials
Summit Hotel Properties, Inc.Amina BelouizdadReal Estate
The Walt Disney CompanyAmy ChangCommunication ServicesAsian / Pacific Islander
SPX CorporationAngel Shelton WillisIndustrialsBlack / African American
Nicolet Bankshares, Inc.Ann Kuchera LawsonFinancial Services
Codiak BioSciences, Inc.Anne-Virginie EggimannHealthcare
NXP Semiconductors N.V.Annette K. ClaytonTechnology
Palo Alto Networks, Inc.Aparna BawaTechnology
Academy Sports and Outdoors, Inc.Beryl B. RaffConsumer Cyclical
Atlas Air Worldwide Holdings, Inc.Beverly GouletIndustrials
Natural Health Trends Corp.Brunde E. BroadyConsumer Cyclical
AptarGroup, Inc.Candace S. MatthewsConsumer CyclicalBlack / African American
Monolithic Power Systems, Inc.Carintia MartinezTechnology
Cummins Inc.Carla A. HarrisIndustrialsBlack / African American
Atlas Air Worldwide Holdings, Inc.Carol J. ZierhofferIndustrials
Duke Energy CorporationCaroline D. DorsaUtilities
InfuSystem Holdings Inc.Carrie A. LachanceHealthcare
Outset Medical, Inc.Catherine M. SzymanHealthcare
Copart, Inc.Cherylyn Harley LeBonIndustrialsBlack / African American
BellRing Brands, Inc.Chonda J. NwamuConsumer DefensiveBlack / African American
Retail Value Inc.Christa A. VesyReal Estate
Clearwater Paper CorporationChristine M. Vickers TuckerBasic Materials
Kohl's CorporationChristine McCormick DayConsumer Cyclical
Liberty TripAdvisor Holdings, Inc.Christy HaubeggerCommunication ServicesHispanic / Latino
Comfort Systems USA, Inc.Cindy L. Wallis-LageIndustrials
Assured Guaranty Ltd.Courtney C. SheaFinancial Services
FuelCell Energy, Inc.Cynthia HansenIndustrials
Franchise Group, Inc.Cynthia S. DubinConsumer Cyclical
MDU Resources Group, Inc.Dale S. RosenthalBasic Materials
Kratos Defense & Security Solutions, Inc.Deanna Hom LundIndustrials
CF Industries Holdings, Inc.Deborah L. DeHaasBasic Materials
Berkshire Hills Bancorp, Inc.Deborah P. BaileyFinancial ServicesBlack / African American
United States Cellular CorporationDeirdre C. DrakeCommunication ServicesBlack / African American
CyrusOne Inc.Denise A. OlsenReal Estate
Oil States International, Inc.Denise Castillo-RhodesEnergy
Six Flags Entertainment CorporationDenise M. ClarkConsumer Cyclical
Dillard's, Inc.Denise MahaffyConsumer Cyclical
GigCapital3, Inc.Diana Dawn TremblayFinancial Services
SP Plus CorporationDiana L. SandsIndustrials
Cousins Properties IncorporatedDionne NelsonReal Estate
Morningstar, Inc.Doniel N. SuttonFinancial ServicesBlack / African American
Rigel Pharmaceuticals, Inc.Dr. Alison L. Hannah M.D.Healthcare
Lineage Cell Therapeutics, Inc.Dr. Anula Jayasuriya M.D., Ph.D.HealthcareAsian / Pacific Islander
Repro Med Systems, Inc.Dr. Donna French Ph.D.Healthcare
Kopin CorporationDr. Jill AveryTechnology
Anavex Life Sciences Corp.Dr. Jiong Ma Ph.D.HealthcareAsian / Pacific Islander
Assembly Biosciences, Inc.Dr. Lisa R. Johnson-Pratt M.D.HealthcareBlack / African American
National Research CorporationDr. Penny Wheeler M.D.Healthcare
Wintrust Financial CorporationDr. Suzet M. McKinneyFinancial ServicesBlack / African American
Essential Utilities, Inc.Edwina KellyUtilities
Horace Mann Educators CorporationElaine A. SarsynskiFinancial Services
Inogen, Inc.Elizabeth A. MoraHealthcare
Alkermes plcEmily Peterson AlvaHealthcare
Jamf Holding Corp.Etalvina M. LeiteTechnologyBlack / African American
ProAssurance CorporationFabiola CobarrubiasFinancial ServicesHispanic / Latino
Aehr Test SystemsFariba DaneshTechnology
Oatly Group ABFrances G. RathkeConsumer Defensive
TTEC Holdings, Inc.Gina L. LoftenTechnologyBlack / African American
Markel CorporationGreta J. HarrisFinancial ServicesBlack / African American
Palo Alto Networks, Inc.Helene GayleTechnologyBlack / African American
Digital Turbine, Inc.Holyce Hess GroosTechnology
Universal Technical Institute, Inc.Hon. Loretta L. SanchezConsumer DefensiveHispanic / Latino
Realty Income CorporationJacqueline Valerie BradyReal Estate
First Community CorporationJan H. HollarFinancial Services
Mondelez International, Inc.Jane Hamilton NielsenConsumer Defensive
Array Technologies, Inc.Jayanthi IyengarTechnologyAsian / Pacific Islander
Enochian Biosciences, Inc.Jayne McNicolHealthcare
First American Financial CorporationJean C. LaTorreHealthcare
Sykes Enterprises, IncorporatedJeanne M. Beliveau-DunnTechnology
Post Holdings, Inc.Jennifer Kuperman JohnsonConsumer Defensive
Aptinyx Inc.Joan W. MillerHealthcare
PetMed Express, Inc.Jodi WatsonHealthcare
Genie Energy Ltd.Joyce J. MasonUtilities
Qorvo, Inc.Judy BrunerTechnology
Molson Coors Beverage CompanyJulia M. BrownConsumer DefensiveBlack / African American
Alliance Data Systems CorporationKarin J. KimbroughFinancial ServicesBlack / African American
Eastman Kodak CompanyKathleen B. LynchIndustrials
Wolverine World Wide, Inc.Kathleen Wilson-ThompsonConsumer CyclicalBlack / African American
InspireMD, Inc.Kathryn ArnoldHealthcare
Heartland Financial USA, Inc.Kathryn Graves UngerFinancial ServicesBlack / African American
Zosano Pharma CorporationKathy M. McGeeHealthcare
EVERTEC, Inc.Kelly H. BarrettTechnology
Perma-Fix Environmental Services, Inc.Kerry DugganIndustrials
The Goldman Sachs Group, Inc.Kimberley D. HarrisFinancial ServicesBlack / African American
Big Lots, Inc.Kimberly A. NewtonConsumer DefensiveBlack / African American
The First Bancorp, Inc.Kimberly SwanFinancial Services
Spirit Realty Capital, Inc.Kristian M. GathrightReal Estate
Fresh Del Monte Produce Inc.Kristin L. Colber-BakerConsumer Defensive
Allied Esports Entertainment Inc.Libing WuCommunication ServicesAsian / Pacific Islander
Johnson Outdoors Inc.Liliann Annie ZipfelConsumer Cyclical
Hibbett Sports, Inc.Linda HubbardConsumer Cyclical
Franchise Group, Inc.Lisa M. FairfaxConsumer CyclicalBlack / African American
The Kraft Heinz CompanyLori Dickerson FoucheConsumer Defensive
Fresh Del Monte Produce Inc.Lori Tauber MarcusConsumer Defensive
White Mountains Insurance Group, Ltd.Margaret DillonFinancial Services
Kohl's CorporationMargaret L. JenkinsConsumer Cyclical
Transocean Ltd.Margareth ØvrumEnergy
Xerox Holdings CorporationMargarita Palau-HernandezTechnologyHispanic / Latino
Pool CorporationMarty GervasiConsumer Cyclical
Lowe's Companies, Inc.Mary Beth E. WestConsumer CyclicalBlack / African American
Genesco Inc.Mary E. MeixelspergerConsumer Cyclical
Immersion CorporationMary L. DotzTechnology
Bristow Group Inc.Maryanne MillerEnergy
GigCapital3, Inc.Meghan SharpFinancial Services
Aviat Networks, Inc.Michele F. KleinTechnology
Spirit Realty Capital, Inc.Michelle FrymireReal Estate
Keysight Technologies, Inc.Michelle Johnston HolthausTechnology
Assured Guaranty Ltd.Michelle McCloskeyFinancial Services
Yum China Holdings, Inc.Min ZhangConsumer CyclicalAsian / Pacific Islander
Shineco, Inc.Minye WangHealthcare
TriNet Group, Inc.Myrna M. SotoIndustrialsHispanic / Latino
Lexington Realty TrustNancy Elizabeth NoeReal Estate
Xerox Holdings CorporationNichelle Maynard-ElliottTechnologyBlack / African American
Allied Motion Technologies Inc.Nicole R. TzetzoTechnology
Tenable Holdings, Inc.Niloofar Razi HoweTechnologyMiddle Eastern / North African
AvalonBay Communities, Inc.Nnenna LynchReal EstateBlack / African American
Denny's CorporationOlufunlayo Olurinde Fajemirokun-BeckConsumer Cyclical
Luna Innovations IncorporatedPamela L. CoeTechnologyBlack / African American
Coastal Financial CorporationPamela UngerFinancial Services
Invesco Ltd.Paula C. TolliverFinancial Services
Talos Energy Inc.Paula R. GloverEnergyBlack / African American
Varonis Systems, Inc.Rachel PrishkolnikTechnology
Lixte Biotechnology Holdings, Inc.Regina BrownHealthcare
PennyMac Mortgage Investment TrustRenee R. SchultzReal Estate
Core-Mark Holding Company, Inc.Rosemary L. TurnerConsumer DefensiveBlack / African American
Beyond Meat, Inc.Sally GrimesConsumer DefensiveAsian / Pacific Islander
Big Lots, Inc.Sandra CamposConsumer DefensiveHispanic / Latino
aTyr Pharma, Inc.Sara Zaknoen M.D.Healthcare
Coastal Financial CorporationSarah ElliottFinancial Services
Cathay General BancorpShally WangFinancial ServicesAsian / Pacific Islander
Cutera, Inc.Sheila A. HopkinsHealthcare
FIGS, Inc.Sheila AntrumConsumer CyclicalBlack / African American
Surgalign Holdings, Inc.Sheryl L. ConleyHealthcare
ChargePoint Holdings, Inc.Susan HeysteeConsumer Cyclical
Apria, Inc.Susannah GrayHealthcare
Community West BancsharesSuzanne Marie ChadwickFinancial Services
DiamondRock Hospitality CompanyTabassum ZalotrawalaReal Estate
Summit Materials, Inc.Tamla Oates-ForneyBasic MaterialsBlack / African American
Deluxe CorporationTelisa L. YancyCommunication ServicesBlack / African American
Jones Lang LaSalle IncorporatedTina JuReal EstateAsian / Pacific Islander
Del Taco Restaurants, Inc.Valerie L. InsignaresConsumer CyclicalHispanic / Latino
Evoke Pharma, Inc.Vickie S. ReedHealthcare
Jamf Holding Corp.Virginia GambaleTechnology
Summit Wireless Technologies, Inc.Wendy WilsonTechnology
Cohu, Inc.Yon Yoon JordenTechnologyAsian / Pacific Islander
Air Lease CorporationYvette Hollingsworth ClarkIndustrialsBlack / African American
California Water Service GroupYvonne A. Maldonado M.D.UtilitiesHispanic / Latino
Park Aerospace Corp.Yvonne JulianIndustrialsBlack / African American

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