May 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 continue to diversify board composition by appointing women to theWBC Board Report May 20232 board of public companies. In May, women comprised 33.4% of new appointments to the boards of public companies. Public companies appointed 112 women to boards and 223 men to their boards. The pressure to increase diversity from the C-Suite to the board level remains focused. 

While only 32 of the newly appointed women board members (28.57% of new women appointments) chose to WBC Board Report May 20231self-disclose their race, we continue to see diversification and continue to highlight the need to disclose. In May, Black / African American women took the lead in board appointments with 13 women being appointed to public boards, making up 11.61% of all appointments. They are closely followed by 9 Hispanic / Latino women (8.04%). The Hershey Company, Southwest Airlines, and Cedar Fair  are some of the companies that appointed this phenomenal group of diverse women to their boards. 

Of the 112 women appointed to the boards of public companies, 60, or 53.57%, were first time board appointments. In May, Financial Services companies led the way in the appointment of women followed by Healthcare, Industrials, and Consumer Defensive companies; with appointed women filling 20.54% of board seats at Financial Services companies, 16.96% at Healthcare companies, and 11.61% at both Industrials and Consumer Defensive companies. In the Financial Services industry, we see strides being made by women at companies like Discover Financial Services. 

Equilar and WBC are tracking and analyzing the growth and rotation of board seats on public companies and theWBC Board Report May 20233 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
AdTheorent Holding Company, Inc.Shuangxiu YuCommunication ServicesAsian / Pacific Islander
Advanced Emissions Solutions, Inc.Laurie BergmanIndustrials
Advantage Solutions Inc.Jody L. Macedonio Communication Services
AERWINS Technologies Inc.Katie FieldTechnology
Aflac IncorporatedMiwako HosodaFinancial ServicesAsian / Pacific Islander
Aprea Therapeutics, Inc.Gabriela Gruia Healthcare
Archer-Daniels-Midland CompanyDr. Ellen de Brabander Ph.D. Consumer Defensive
Arrow Electronics, Inc.Mary McDowellTechnology
Aspira Women's Health Inc.Jannie Prestridge Herchuk Healthcare
Aspira Women's Health Inc.Stefanie L. Cavanaugh Healthcare
Aspira Women's Health Inc.Ellen O'Connor VosHealthcare
Bank OZKElizabeth MusicoFinancial ServicesHispanic / Latino
BankUnited, Inc.Germaine Smith-Baugh Financial ServicesBlack / African American
Bankwell Financial Group, Inc.Anahaita N. Kotval Financial ServicesMiddle Eastern / North African
Blink Charging Co.Kristina Ann PetersonConsumer Cyclical
Bunge LimitedMonica Houle McGurk Consumer Defensive
Catalyst Pharmaceuticals, Inc.Tamar Thompson HealthcareBlack / African American
Cedar Fair, L.P.Nina Barton Consumer CyclicalBlack / African American
Chemed CorporationEileen P. McCarthyHealthcare
Cheniere Energy, Inc.Denise GrayEnergyBlack / African American
Chubb LimitedNancy K. Buese Financial Services
CISO Global Inc.Debra L. Smith Technology
CME Group Inc.Kathryn BeneshFinancial Services
CNO Financial Group, Inc.Adrianne B. Lee Financial Services
CNS Pharmaceuticals, Inc.Bettina Cockroft Healthcare
Coca-Cola Consolidated, Inc.Elaine Bowers Coventry Consumer Defensive
Coeur Mining, Inc.Paramita Das Basic MaterialsAsian / Pacific Islander
Compass DiversifiedNancy B. Mahon Industrials
Compass Minerals International, Inc.Jill Veronica GardinerBasic Materials
ConnectOne Bancorp, Inc.Elizabeth Magennis Financial Services
Diamond Offshore Drilling, Inc.Patrice D. Douglas EnergyBlack / African American
Diodes IncorporatedElizabeth BullTechnology
Discover Financial ServicesBeverley A. SibbliesFinancial ServicesBlack / African American
Emerson Electric Co.Leticia Goncalves Industrials
Enerpac Tool Group Corp.Colleen Healy Industrials
Everest Consolidator Acquisition CorpRebecca Macieira-Kaufmann Financial Services
Expro Group Holdings N.V.Frances M. VallejoEnergyHispanic / Latino
Extra Space Storage Inc.Jennifer BlouinReal EstateHispanic / Latino
First Financial BancorpDawn C. Morris Financial Services
Floor & Decor Holdings, Inc.Melissa D. Kersey Consumer Cyclical
General Electric CompanyJessica R. UhlIndustrials
Graco Inc.Heather L. Anfang Industrials
Gulfport Energy CorporationMary L. Shafer-Malicki Energy
Hillman Solutions Corp.Diane Honda Industrials
Hillstream BioPharma, Inc.Kelly J. AndersonHealthcare
Horace Mann Educators CorporationAaliyah A. Samuel Financial ServicesMulti Racial
Hyster-Yale Materials Handling, Inc.Colleen R. Batcheler Industrials
IDACORP, Inc.Susan D. MorrisUtilities
Independent Bank Group, Inc.Janet P. Froetscher Financial Services
Ingredion IncorporatedDr. Patricia D. Verduin Ph.D. Consumer Defensive
Installed Building Products, Inc.Marchelle E. Moore IndustrialsBlack / African American
Invitation Homes Inc.Frances Aldrich Sevilla-SacasaReal EstateHispanic / Latino
Iridium Communications Inc.Jacqueline E. Yeaney Communication Services
Kenvue Inc.Betsy D. Holden Consumer Defensive
Kenvue Inc.Melanie Healey Consumer DefensiveHispanic / Latino
Kenvue Inc.Seemantini Godbole Consumer DefensiveAsian / Pacific Islander
Kenvue Inc.Tamara Simpkins FranklinConsumer DefensiveBlack / African American
Keros Therapeutics, Inc.Dr. Alpna H. Seth Ph.D. HealthcareAsian / Pacific Islander
Knowles CorporationErania Brackett TechnologyBlack / African American
Lakeland Financial CorporationKristin L. PruittFinancial Services
Lancaster Colony CorporationZena Srivatsa Arnold Consumer Defensive
Landos Biopharma, Inc.Alka Batycky Healthcare
Local Bounti CorporationJennifer Carr Smith Consumer Defensive
LyondellBasell Industries N.V.Rita Griffin Basic Materials
Marinus Pharmaceuticals, Inc.Dr. Sarah B. Noonberg M.D., Ph.D. Healthcare
Mid-America Apartment Communities, Inc.Tamara D. Fischer Real Estate
NACCO Industries, Inc.Valerie Gentile Sachs Energy
NextEra Energy, Inc.Deborah L. StahlkopfUtilities
Northwest Bancshares, Inc.Amber L. Williams Financial ServicesBlack / African American
nVent Electric plcSherry A. Aaholm Industrials
Omeros CorporationDiana T. PerkinsonHealthcare
Osiris Acquisition Corp.Jennifer DeCasperFinancial Services
Par Pacific Holdings, Inc.Patricia Martinez Energy
Paramount GlobalDawn OstroffCommunication Services
Payoneer Global Inc.Susanna Morgan Technology
Pediatrix Medical Group, Inc.Sylvia Jean YoungHealthcare
PepsiCo, Inc.Jennifer BaileyConsumer Defensive
PepsiCo, Inc.Susan M. DiamondConsumer Defensive
PetMed Express, Inc.Sandra Campos HealthcareHispanic / Latino
Pitney Bowes Inc.Katie May Industrials
Predictive Oncology Inc.Veena RaoHealthcare
Ready Capital CorporationPinkie Dent Mayfield Real EstateBlack / African American
Regis CorporationNancy Benacci Consumer Cyclical
Restaurant Brands International Inc.Jordana Fribourg Consumer Cyclical
RumbleON, Inc.Rebecca C. Polak Consumer Cyclical
SBA Communications CorporationLaurie Bowen Real Estate
SBA Communications CorporationAmy E. WilsonReal Estate
South Plains Financial, Inc.LaDana R. WashburnFinancial Services
Southwest Airlines Co.Elaine MendozaIndustrialsHispanic / Latino
Springwater Special Situations Corp.Candice Beaumont Financial Services
Stericycle, Inc.Victoria L. Dolan Industrials
STERIS plcEsther M. Alegria HealthcareHispanic / Latino
Suburban Propane Partners, L.P.Amy AdamsUtilities
Sumo Logic, Inc.Katherine HaarTechnology
SunPower CorporationAudrey Ann Zibelman Technology
The E.W. Scripps CompanyMonica O. HolcombCommunication Services
The First Bancshares, Inc.Valencia M. Williamson Financial ServicesBlack / African American
The Hershey CompanyHuong Maria T. KrausConsumer DefensiveAsian / Pacific Islander
The Progressive CorporationDanelle Marie Barrett Financial Services
The York Water CompanyLaura T. Wand Utilities
Tompkins Financial CorporationNancy E. Catarisano Financial Services
Tompkins Financial CorporationAngela B. LeeFinancial ServicesBlack / African American
Tradeweb Markets Inc.Catherine JohnsonFinancial Services
U.S. Physical Therapy, Inc.Nancy J. Ham Healthcare
Vacasa, Inc.Rachel A. GonzalezTechnologyHispanic / Latino
Vacasa, Inc.Kimberly WhiteTechnology
Verastem, Inc.Dr. Karin A. Tollefson Ph.D. Healthcare
Veris Residential, Inc.Stephanie N. WilliamsReal Estate
Westlake CorporationCatherine T. ChaoBasic MaterialsAsian / Pacific Islander
Whitestone REITJulia B. ButhmanReal Estate
Xtant Medical Holdings, Inc.Lori Mitchell-Keller Healthcare
Yum China Holdings, Inc.Christina Xiaojing ZhuConsumer CyclicalAsian / Pacific Islander

Register for this year’s Action for Impact Summit happening on September 25, 2024!