May 2022 Report Summary

Companies continue to move towards parity and the commitment to diversifying board composition continues. In April women comprised 38.6% of new appointments to the boards of public companies. Public companies appointed 147 women to boards and 234 men to their boards. The trend of appointing on average 40% women to the board of companies will hopefully continue despite the striking down of California legislation mandating women and minority board seats.

While only 32 of the newly appointed women Board members (21.7% of new women appointments) chose to self-disclose their race, we continue to see diversification. In April, Asian/Pacific Islander women took the lead in board appointments again with 15 women being appointed to public boards, making up 45.5% of the newly appointed women. They are closely followed by 11 Black/African American women (33.3%), 4 Latin / Hispanic women (12.1%), 1 Middle Eastern / North African woman (3%), & 1 Multi-Racial (3%) woman. The Scholastic Corporation, Bill.com Holdings Inc., and Victoria’s Secret & Co., are some of the companies that appointed this phenomenal group of diverse women to their boards.

Of the 147 women appointed to the boards of public companies, 83 or 56.4% 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 to rise. In April, Financial Services led the way in the appointment of women followed by Healthcare companies and Technology companies; with appointed women filling 20.4% of board seats at financial companies and 19.7% appointed to healthcare companies. In the Tech sector, we see strides being made by women at companies like Paycom Software, Inc. and First Solar, 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.

CompanyTitleIndustryEthnicity
Actelis Networks, Inc.Dr. Naama Halevi-Davidov TechnologyMiddle Eastern / North African
Actelis Networks, Inc.Noemi Schmayer Technology
Adamis Pharmaceuticals CorporationVickie S. Reed Healthcare
Advantage Solutions Inc.Deborah Poole Communication Services
Alcoa CorporationJackson Roberts Basic Materials
Ally Financial Inc.Melissa Goldman-Williams Financial Services
Amarin Corporation plcErin S. Enright Healthcare
American Public Education, Inc.Anna M. Fabrega Consumer Defensive
AmeriServ Financial, Inc.Amy Bradley Financial Services
AN2 Therapeutics, Inc.Margaret M. FitzPatrick Healthcare
AquaBounty Technologies, Inc.Erin S Sharp Consumer Defensive
Arcellx, Inc.Olivia C. Ware HealthcareBlack / African American
Arrowhead Pharmaceuticals, Inc.Victoria Vakiener Healthcare
Arteris, Inc.Claudia Fan Munce TechnologyAsian / Pacific Islander
Assurant, Inc.Sari Beth Granat Financial Services
Bar Harbor BanksharesDebra B. Miller Financial ServicesBlack / African American
Bausch + Lomb CorporationSarah B. Kavanagh Healthcare
Bausch + Lomb CorporationNathalie D. Bernier Healthcare
Beyond Meat, Inc.Colleen E. Jay Consumer Defensive
Bill.com Holdings, Inc.Aida AlvarezTechnologyHispanic / Latino
BIMI International Medical Inc.Sammi Ean Seok AngHealthcare
Biohaven Pharmaceutical Holding Company Ltd.Dr. Irina Antonijevic M.D., Ph.D.Healthcare
BlackRock Capital Investment CorporationAbby Miller Financial Services
Boise Cascade CompanyAmy E. Humphreys Basic Materials
Braemar Hotels & Resorts Inc.Rebeca Odino-JohnsonReal Estate
CareTrust REIT, Inc.Anne M. Olson Real Estate
Carter's, Inc.Stacey S. Rauch Consumer Cyclical
Carter's, Inc.Stephanie P. StahlConsumer Cyclical
Cartesian Growth Corporation IISheryl Schwartz Financial Services
Chevron CorporationCynthia J. WarnerEnergy
Chubb LimitedKathleen Bonanno Financial Services
Cogent Communications Holdings, Inc.Deneen C. HowellCommunication ServicesBlack / African American
Coherus BioSciences, Inc.Jill O'Donnell-Tormey Ph.D. Healthcare
Community Health Systems, Inc.Susan W. Brooks Healthcare
Core Laboratories N.V.Katherine MurrayEnergy
Coupa Software IncorporatedKanika Soni TechnologyAsian / Pacific Islander
Creative Media & Community Trust CorporationElaine Y. Wong Real EstateAsian / Pacific Islander
Crown Crafts, Inc.Olivia W. Elliott Consumer Cyclical
Cuentas Inc.Sandra Orihuela TechnologyHispanic / Latino
Cuentas Inc.Sara Sooy Technology
Cvent Holding Corp.Julie Iskow Technology
DuPont de Nemours, Inc.Dr. Kristina M. Johnson Ph.D. Basic Materials
e.l.f. Beauty, Inc.Tiffany F. Daniele Consumer Defensive
East West Bancorp, Inc.Dr. Sabrina Kay Ph.D. Financial ServicesAsian / Pacific Islander
Edible Garden AG IncorporatedTracy A. Nazzaro Consumer Defensive
Eli Lilly and CompanyDr. Mary Lynne Hedley Ph.D. Healthcare
ESCO Technologies Inc.Janice L. HessTechnology
Esports Entertainment Group, Inc.Janis L. Jones BlackhurstConsumer Cyclical
Eve Holding, Inc.Marion C. Blakey Consumer Defensive
First American Financial CorporationMarsha A. Spence Financial Services
First Busey CorporationCassandra R. SanfordFinancial Services
First Interstate BancSystem, Inc.Frances Pallas GriebFinancial Services
First Solar, Inc.Lisa A. Kro Technology
FirstEnergy Corp.Jana T. Croom UtilitiesBlack / African American
Franchise Group, Inc.Nanhi SinghConsumer CyclicalAsian / Pacific Islander
Full House Resorts, Inc.Lynn M. HandlerConsumer Cyclical
Fulton Financial CorporationAntoinette M. PergolinFinancial Services
Global Blockchain Acquisition Corp.Katya Fisher Technology
Helen of Troy LimitedSades Tabata Lorena GomezConsumer Defensive
Helen of Troy LimitedElena Otero Consumer Defensive
Hess CorporationLisa Glatch Energy
Hub Group, Inc.Lisa Dykstra Industrials
Inovio Pharmaceuticals, Inc.Dr. Jacqueline Elizabeth Shea Ph.D. Healthcare
Interface, Inc.Laurel M. HurdConsumer Cyclical
Investcorp India Acquisition CorpAshwini Asokan Financial ServicesAsian / Pacific Islander
Iridium Communications Inc.Kay N. Sears Communication Services
Kadant Inc.Rebecca Martinez O'Mara IndustrialsHispanic / Latino
L3Harris Technologies, Inc.Joanna Geraghty Industrials
Laureate Education, Inc.Barbara Mair Consumer Defensive
Leslie's, Inc.Claire Spofford Consumer Cyclical
Liberty Latin America Ltd.Roberta S. Jacobson Communication Services
Lincoln National CorporationEllen G. Cooper Financial Services
Logan Ridge Finance CorporationJennifer Kwon ChouFinancial Services
LogicMark, Inc.Barbara Gutierrez Industrials
Lordstown Motors Corp.Laura J. Soave Consumer Cyclical
Lowe's Companies, Inc.Colleen Taylor Consumer CyclicalBlack / African American
LyondellBasell Industries N.V.Virginia A. Kamsky Basic MaterialsAsian / Pacific Islander
Manhattan Associates, Inc.Kimberly A KuryeaTechnology
MEDNAX, Inc.Laura A. LinynskyHealthcare
Merchants BancorpTamika D. Catchings Financial ServicesBlack / African American
Merit Medical Systems, Inc.Laura S. Kaiser Healthcare
MIND Technology, Inc.Nancy Jean HarnedTechnology
MVB Financial Corp.Lindsay A. Slader Financial Services
National Research CorporationParul Bhandari HealthcareAsian / Pacific Islander
Nautilus, Inc.Ruby Sharma Consumer CyclicalAsian / Pacific Islander
NCR CorporationLaura J. Sen TechnologyAsian / Pacific Islander
Neonode Inc.Cecilia Edstrom Technology
NexImmune, Inc.Leena Gandhi Healthcare
Nicolet Bankshares, Inc.Marcia M. Anderson Financial ServicesBlack / African American
NL Industries, Inc.Courtney J. RileyIndustrials
NuScale Power CorporationKimberly O. Warnica Technology
nVent Electric plcDanita K. Ostling Industrials
Omnicell, Inc.Mary Garrett Healthcare
Option Care Health, Inc.Elizabeth D. BierbowerHealthcare
Option Care Health, Inc.Anita M. Allemand Healthcare
Option Care Health, Inc.Natasha Deckmann M.D. Healthcare
Organogenesis Holdings Inc.Michele Ilene Korfin Healthcare
Paya Holdings Inc.Debora BoydaTechnology
Paycom Software, Inc.Felicia WilliamsTechnologyBlack / African American
Praxis Precision Medicines, Inc.Jill DeSimone Healthcare
Precision BioSciences, Inc.Melinda Brown Healthcare
Primerica, Inc.Amber L. Cottle Financial Services
Principal Financial Group, Inc.H. Elizabeth Mitchell Financial Services
Profrac Holding Corp.Theresa GlebockiTechnology
Profrac Holding Corp.Stacy Durbin Nieuwoudt Technology
Radius Health, Inc.Jennifer Jarrett Healthcare
Radius Health, Inc.Susan Vissers LisaHealthcare
RBB BancorpGeraldine Liu Pannu Financial ServicesAsian / Pacific Islander
RBB BancorpJoyce Wong LeeFinancial ServicesAsian / Pacific Islander
Safeguard Scientifics, Inc.Beth Michelson Financial Services
Salem Media Group, Inc.Jacki L. PickCommunication Services
Scholastic CorporationLinda Li Communication ServicesAsian / Pacific Islander
SciPlay CorporationApril V. Henry Communication Services
SciPlay CorporationConstance P. JamesCommunication Services
SentinelOne, Inc.Ana G. PinczukTechnologyHispanic / Latino
Sierra BancorpErmina Karim Financial ServicesAsian / Pacific Islander
Sierra BancorpMichele M. GilFinancial Services
Skillz Inc.Shari GlazerCommunication Services
Sorrento Therapeutics, Inc.Tammy Reilly Healthcare
Southwest Gas Holdings, Inc.Karen S. Haller Utilities
Spectrum Pharmaceuticals, Inc.Brittany K. Bradrick Healthcare
Stock Yards Bancorp, Inc.Laura L. WellsFinancial Services
Take-Two Interactive Software, Inc.Ellen F. Siminoff Communication Services
Talaris Therapeutics, Inc.Dr. Karen L. Smith M.D., Ph.D. Healthcare
The Clorox CompanyStephanie Plaines Consumer DefensiveBlack / African American
The Clorox CompanyJulia DenmanConsumer Defensive
The E.W. Scripps CompanyLeigh B. Radford Communication Services
The Gap, Inc.Kathryn Hall Consumer Cyclical
The Honest Company, Inc.Julia M. Brown Consumer CyclicalBlack / African American
The Kraft Heinz CompanyAlicia Knapp Consumer Defensive
The Macerich CompanyMarianne Lowenthal Real Estate
The PNC Financial Services Group, Inc.Dr. Renu Khator Ph.D Financial ServicesAsian / Pacific Islander
TPG RE Finance Trust, Inc.Julie Hong Clayton Real Estate
Turtle Beach CorporationMichelle D. Wilson Technology
Turtle Beach CorporationKatherine L. ScherpingTechnology
Udemy, Inc.Natalie Rothman Consumer Defensive
United Bankshares, Inc.Diana Lewis JacksonFinancial ServicesBlack / African American
United States Cellular CorporationVicki Lee VillacrezCommunication Services
Verisk Analytics, Inc.Wendy E. Lane Industrials
Verisk Analytics, Inc.Kimberly S. Stevenson Industrials
Veritiv CorporationAutumn R. Bayles Industrials
Victoria's Secret & Co.Mariam Naficy Consumer CyclicalMulti-racial
Washington Real Estate Investment TrustJennifer S. Banner Real Estate
Werner Enterprises, Inc.Michelle Dye Livingstone Industrials
WisdomTree Investments, Inc.Lynn S. Blake CFA Financial Services
WisdomTree Investments, Inc.Deborah A. Fuhr Financial Services
Zumiez Inc.Carmen R. Bauza Consumer Cyclical

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