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, 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.

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 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