November 2022 Report Summary

As we close out the year, companies continue to diversify board composition by appointing women to the board of public companies. 

In November, women comprised 31% of new appointments to the boards of public companies. Public companies appointed 70 women to boards and 156 men to their boards. The pressure to increase diversity from the C-Suite to the board level remains as the year ends on a downward trend.

17% of the November 2022 newly appointed directors self-identified as people of colorWhile only 14 of the newly appointed women Board members (17.5% of new women appointments) chose to self-disclose their race, we continue to see diversification and continue to highlight the need to disclose. In November, Black/African American women took the lead in board appointments with 8 women being appointed to public boards, making up 11.4% of all appointments. They are closely followed by 6 Asian / Pacific Islander women (8.57%). Lululemon Athletica Inc., Ralph Lauren Corporation, The Goodyear Tire & Rubber Company are some of the companies that appointed this phenomenal group of diverse women to their boards. 

Of the 70 women appointed to the boards of public companies, 38, or 54%, were first time board appointments. In November, Consumer Cyclical companies led the way in the appointment of women followed by Healthcare Companies and Financial Companies; with appointed women filling 25.7% of board seats at consumer cyclical companies and 18.18% appointed to Healthcare Boards. In the Finance sector, we see strides being made by women at companies like IF Bancorp, Inc.

Board Report Infographics Ethnicity 10 1

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
Aeva Technologies, Inc.Erin L. Polek Consumer Cyclical
AGBA Group Holding LimitedSuet Fai Almond WongFinancial ServicesAsian / Pacific Islander
AMN Healthcare Services, Inc.Caroline GraceHealthcare
AppHarvest, Inc.Hollie P. Harris Consumer Defensive
Array Technologies, Inc.Tracy C. Jokinen Technology
Aspen Aerogels, Inc.Kathleen M. Kool Industrials
Atour Lifestyle Holdings LimitedChao Zhang Consumer CyclicalAsian / Pacific Islander
Biocept, Inc.Quyen Thi Dao-Haddock HealthcareAsian / Pacific Islander
biote Corp.Debra L. Morris Financial Services
bleuacacia ltdKat Peeler Financial ServicesBlack / African American
Bunge LimitedAndrade Eliane Aleixo de LustosaConsumer Defensive
Cara Therapeutics, Inc.Lisa von Moltke Healthcare
Carnival Corporation & plcSara Mathew Consumer CyclicalAsian / Pacific Islander
Climb Global Solutions, Inc.Kimberly S. Boren Technology
Clover Health Investments, Corp.Dr. Anna Loengard M.D. Healthcare
Constellation Energy CorporationNneka Louise Rimmer UtilitiesBlack / African American
Designer Brands Inc.Tami Fersko Consumer Cyclical
Diversey Holdings, Ltd.Ms. Emily A. Ashworth Consumer Cyclical
DocGo Inc.Etalvina M. LeiteHealthcare
Dorian LPG Ltd.Marit LundeEnergy
Elevance Health Inc.Deanna D. Strable-Soethout Healthcare
Everest Re Group, Ltd.Hazel McNeilage Financial Services
Grindr Inc.Maggie Lower Technology
Grindr Inc.Meghan Stabler Technology
Guaranty Bancshares, Inc.Sondra CunninghamFinancial Services
IF Bancorp, Inc.Pamela J. VerklerFinancial Services
Investar Holding CorporationRose J Hudson Financial ServicesBlack / African American
Janus Henderson Group plcAlison A. Quirk Financial Services
Janus Henderson Group plcAnne SheehanFinancial Services
Kidpik Corp.Jill Kronenberg Consumer Cyclical
LCI IndustriesLinda K. Myers Consumer Cyclical
Limoneira CompanyBarbara Carbone Consumer Defensive
Lottery.com Inc.Naila Chowdhury Consumer CyclicalAsian / Pacific Islander
Lululemon Athletica Inc.Isabel Ge Mahe Consumer CyclicalAsian / Pacific Islander
Lulu'S Fashion Lounge Holdings, Inc.Anisa Benita Kumar Consumer Cyclical
Lumen Technologies, Inc.Kathleen E. JohnsonCommunication Services
MasterCraft Boat Holdings, Inc.Kamilah Mitchell-Thomas Consumer CyclicalBlack / African American
MPLX LPChristine S. Breves Energy
Norwegian Cruise Line Holdings Ltd.Zillah Byng-Thorne Consumer Cyclical
OmniAb, Inc.Carolyn Bertozzi Healthcare
OmniAb, Inc.Dr. Jennifer R. Cochran Ph.D. Healthcare
OmniAb, Inc.Sarah Boyce Healthcare
OpGen, Inc.Yvonne E. Schlaeppi Healthcare
Planet Labs PBCKristen O. Robinson Industrials
PMV Pharmaceuticals, Inc.Carol Gallagher Healthcare
Ralph Lauren CorporationWei Zhang Consumer CyclicalAsian / Pacific Islander
Red Cat Holdings, Inc.Mary Beth Long Technology
Rover Group, Inc.Jamie Cohen Consumer Cyclical
Schmitt Industries, Inc.Kristi Frank Technology
Scilex Holding CompanyLaura Jean Hamill Healthcare
Seagen Inc.Sandra M. Swain Healthcare
Select Energy Services, Inc.Robin H. Fielder Energy
Silgan Holdings Inc.Niharika Taskar Ramdev Consumer CyclicalAsian / Pacific Islander
Snail, Inc.Sandra Pundmann Communication Services
Stock Yards Bancorp, Inc.Allison J. Donovan Financial ServicesBlack / African American
Summit Therapeutics Inc.Dr. Alessandra Cesano M.D., Ph.D. Healthcare
The Goodyear Tire & Rubber CompanyNorma B. ClaytonConsumer CyclicalBlack / African American
The Kraft Heinz CompanyDiane J. Gherson Consumer Defensive
The Walt Disney CompanyCarolyn N. Everson Communication Services
TimkenSteel CorporationMary Ellen Baker Basic Materials
United-Guardian, Inc.Beatriz Blanco Consumer Defensive
Universal Health Realty Income TrustRebecca A. Guzman Real Estate
Valaris LimitedCatherine J. HughesEnergy
Veeco Instruments Inc.Lena Nicolaides Ph.D. Technology
Vera Bradley, Inc.Jacqueline Ardrey Consumer Cyclical
Waste Connections, Inc.Andrea E. Bertone Industrials
Wheeler Real Estate Investment Trust, Inc.Megan Parisi Real Estate
Winmark CorporationAmy C. Becker Consumer Cyclical
XPO Logistics, Inc.Bella Allaire Industrials
XPO Logistics, Inc.Irene Moshouris Industrials

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