May 2024 Report Summary

Companies continue to diversify board composition by appointing women to the board of public companies.

In May, women comprised 39.7%  of new appointments to the boards of public companies. Public companies appointed 124 women to boards and 188 men to their boards. The pressure to increase diversity at the board level remains critical to ensuring the advancement of women moving into board positions.

While only 24 of the newly appointed women board members (19.6% of new women appointments) chose to self-disclose their race, boards must continue to diversify and the data continues to highlight the value of disclosure.

In May, Asian/Pacific Islander and Black/African American women took the lead in board appointments, with 10 women each appointed to public boards, making up 16.2% of all appointments. Companies such as Xerox Holdings Corporation, Lionsgate Studios Corp. and American States Water Company are leading the way as part of a phenomenal group that have appointed diverse women to their boards. 


Of the 124 women appointed to the boards of public companies, 56, or 45%, were first-time board appointments. In May, Healthcare companies led the way in the appointment of women followed by Financial Services companies, with appointed women filling 20% of board seats at Healthcare companies and 15% each at Consumer Cyclical companies. In the Healthcare industry, we see strides being made by women at companies like Stryker Corporation and AdaptHealth Corp.

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 and analyze not only the numbers, diversity and profile of the women being appointed to boards; but the companies and industries in which female board members are present and how many of the overall board seats are held by women.

Company Name Industry Ethnicity on ExecAtlas
2U, Inc. Ivona Smith Consumer Defensive
Acacia Research Corporation Michelle Felman Industrials
Acelyrin, Inc. Mina Kim Healthcare
ACNB Corporation Alexandra C. Chiaruttini Financial Services
AdaptHealth Corp. Suzanne Foster Healthcare
Affiliated Managers Group, Inc. Annette Franqui Financial Services Hispanic / Latino
Akari Therapeutics, Plc Rachelle Jacques Healthcare Holdings, Inc. Cecile B. Harper Technology
Alight, Inc. Coretha M. Rushing Technology Black / African American
American States Water Company Caroline Winn Utilities Asian / Pacific Islander
Amgen Inc. Dr. Mary E. Klotman M.D. Healthcare
Annovis Bio, Inc. Maria Maccecchini Healthcare
Applied Digital Corporation Ella Gendel Benson Financial Services
Arthur J. Gallagher & Co. Deborah H. Caplan Financial Services
Atlantic Union Bankshares Corporation Nancy Howell Agee Financial Services
Avidity Biosciences, Inc. Simona Skerjanec Healthcare
Baker Hughes Company Shirley Ann Edwards Energy
Bar Harbor Bankshares Heather D. Jones Financial Services
BCB Bancorp, Inc. Tara L. French Financial Services
Beyond Meat, Inc. Chelsea A. Grayson Consumer Defensive
Beyond Meat, Inc. Nandita Bakhshi Consumer Defensive
Boston Scientific Corporation Dr. Cheryl Pegus M.D. Healthcare Black / African American
Bunge Global SA Anne Jensen Consumer Defensive
Burke & Herbert Financial Services Corp. Georgette R. George Financial Services
Burke & Herbert Financial Services Corp. Jill S. Upson Financial Services Black / African American
Business First Bancshares, Inc. Aimee M. Quirk Financial Services
C.H. Robinson Worldwide, Inc. Paige K. Robbins Industrials
CalAmp Corp. Jill Kathleen Frizzley Technology
Cathay General Bancorp Ann Yee Kono Financial Services Asian / Pacific Islander
Cathay General Bancorp Elizabeth Woo Financial Services
Chord Energy Corporation Hilary Foulkes Energy
Chuy's Holdings, Inc. Nancy Freda Smith Consumer Cyclical
Clarivate Plc Suzanne Heywood Technology
Coherus BioSciences, Inc. Rita A. Karachun Healthcare
Cohu, Inc. Karen Marie Rapp Technology
Community Health Systems, Inc. Fawn D. Lopez Healthcare Asian / Pacific Islander
ConnectOne Bancorp, Inc. Susan O'Donnell Financial Services
CPI Card Group Inc. Lisa Oleson Industrials
Cracker Barrel Old Country Store, Inc. Cheryl Janet Henry Consumer Cyclical
CSG Systems International, Inc. Samantha Greenberg Technology
CSX Corporation Anne H. Chow Industrials Asian / Pacific Islander
CVR Energy, Inc. Julia Heidenreich Energy
Delcath Systems, Inc. Bridget Martell Healthcare
Diversified Healthcare Trust Dawn K. Neher Real Estate
Edgewise Therapeutics, Inc. Arlene M. Morris Healthcare
Edwards Lifesciences Corporation Leslie C. Davis Healthcare
Equifax Inc. Barbara A. Larson Industrials
Essential Utilities, Inc. Tamara Louise Linde Utilities
Exxon Mobil Corporation Maria S. Jelescu Dreyfus Energy Hispanic / Latino
First Financial Bancorp Anne Arvia Financial Services
First Financial Bankshares, Inc. Sally Pope Davis Financial Services
Five9, Inc. Maria C. Walker Technology
Fortrea Holdings Inc. A. Machelle Sanders Healthcare Black / African American
Funko, Inc. Cynthia W. Williams Consumer Cyclical
GE Vernova Inc. Martina T. Hund-Mejean Utilities
Guess?, Inc. Elsa Michael Consumer Cyclical
Haverty Furniture Companies, Inc. Natalie B. Morhous Consumer Cyclical
Hope Bancorp, Inc. Rachel H. Lee Financial Services Asian / Pacific Islander
Illumina, Inc. Anna S. Richo Healthcare Black / African American
InfuSystem Holdings, Inc. Beverly A. Huss Healthcare
International Paper Company Jamie A. Beggs Consumer Cyclical
Jones Lang LaSalle Incorporated Susan Melissa Gore Real Estate
Kinder Morgan, Inc. Amy W. Chronis Energy
Lands' End, Inc. Alicia Parker Consumer Cyclical
Leslie's, Inc. Maile Naylor Consumer Cyclical
Lionsgate Studios Corp. Emily Fine Consumer Cyclical
Lionsgate Studios Corp. Mignon L. Clyburn Consumer Cyclical Black / African American
Lionsgate Studios Corp. Priya Dogra Consumer Cyclical Asian / Pacific Islander
Lionsgate Studios Corp. Susan R. McCaw Consumer Cyclical
Lionsgate Studios Corp. Yvette Ostolaza Consumer Cyclical Hispanic / Latino
Lockheed Martin Corporation Dr. Heather A. Wilson Industrials
LyondellBasell Industries N.V. Bridget E. Karlin Basic Materials
Magnolia Oil & Gas Corporation Shandell M. Szabo Energy
Martin Marietta Materials, Inc. Mary T. Mack Basic Materials
Merit Medical Systems, Inc. Silvia M. Perez Healthcare
Metallus Inc. Melissa M. Miller Basic Materials Black / African American
Mondelez International, Inc. Paula A. Price Consumer Defensive Black / African American
Morgan Stanley ​Megan Butler Financial Services
National Bankshares, Inc. Lutheria H. Smith Financial Services Black / African American
Nerdy, Inc. Abigail Blunt Technology
Nextdoor Holdings, Inc. Marissa A. Mayer Communication Services
Norfolk Southern Corporation Mary Kathryn Heitkamp Industrials
Northern Trust Corporation Chandra Dhandapani Financial Services Asian / Pacific Islander
NVE Corporation Dr. Kelly Wei P.h.D. Technology Asian / Pacific Islander
O-I Glass, Inc. Cheri M. Phyfer Consumer Cyclical
Oklo Inc. Caroline Cochran Utilities
Old Dominion Freight Line, Inc. Cheryl S. Miller Industrials Hispanic / Latino
Oshkosh Corporation Annette K. Clayton Industrials
Packaging Corporation of America Karen E. Gowland Consumer Cyclical
Palisade Bio, Inc. Margery B. Fischbein Healthcare
Palisade Bio, Inc. Margery Fischbein Healthcare
Phoenix Motor Inc. Julia Yu Consumer Cyclical Asian / Pacific Islander
Presidio Property Trust, Inc. Elena Piliptchak Real Estate
ProAssurance Corporation Staci M. Pierce Financial Services
PulteGroup, Inc. Kristen Actis-Grande Consumer Cyclical
Pure Cycle Corporation Susan Heitmann Utilities
Quanta Services, Inc. Jo-Ann dePass Olsovky Industrials
Raymond James Financial, Inc. Cecily Mistarz Financial Services
RB Global, Inc. Deborah S. Stein Industrials
Reddit, Inc. Sarah Farrell Communication Services
REV Group, Inc. Cynthia Augustine Industrials Black / African American
Silgan Holdings Inc. Fiona Cleland Nielsen Consumer Cyclical
SiriusPoint Ltd. Susan Lee Cross Financial Services
SiteOne Landscape Supply, Inc. Judith S. Sansone Industrials
Sonida Senior Living, Inc. Lilly Donohue Healthcare
Southwest Airlines Co. Lisa M. Atherton Industrials
Spyre Therapeutics, Inc. Sandra Milligan Healthcare
Stryker Corporation Rachel Ruggeri Healthcare
Syndax Pharmaceuticals, Inc. Dr. Aleksandra Rizo M.D., Ph.D. Healthcare
The Carlyle Group Inc. Afsaneh Mashayekhi Beschloss Financial Services
Tompkins Financial Corporation Janet M. Coletti Financial Services
TriSalus Life Sciences, Inc. Liselotte Hyveled Healthcare
Tronox Holdings plc Lucrece Foufopoulos-De Ridder Basic Materials
Tyler Technologies, Inc. Margot Lebenberg Carter Technology
Tyra Biosciences, Inc. Dr. Susan Moran M.D. Healthcare
UniFirst Corporation Cecilia K. McKenney Industrials
V.F. Corporation Mindy F. Grossman Consumer Cyclical
Vertex Pharmaceuticals Incorporated Dr. Jennifer Schneider M.D. Healthcare
Village Farms International, Inc. Carolyn Hauger Consumer Defensive
Xerox Holdings Corporation Amy B. Schwetz Technology
Xerox Holdings Corporation Priscilla Hung Technology Asian / Pacific Islander
Xerox Holdings Corporation Tami A. Erwin Technology
XTI Aerospace, Inc. Tensie Axton Technology