October 2023 Report Summary

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

In October, women comprised 33.1% of new appointments to the boards of public companies. Public companies appointed 101 women to boards and 204 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 27 of the newly appointed women board members (26.7% 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.

Women Joining Boards WBC Report

 In October, Asian/Pacific Islander women took the lead in board appointments with 13 women each being appointed to public boards, making up 48.1% of all appointments. They are closely followed by 10 Black / African American women (37.0%).

Companies such as  Birkenstock Holding plc, Green Dot Corporation, and Starbucks Corporation are leading the way as part of a phenomenal group that have appointed diverse women to their boards. 

Of the 101 women appointed to the boards of public companies, 57, or 56.4%, were first-time board appointments. In October, Financial Services companies led the way in the appointment of women followed by  Healthcare companies, with appointed women filling 18.8% of board seats at Financial Services companies and 16.8% at Healthcare companies. In the Financial Services industry, we see strides being made by women at companies like Green Dot Corporation.

October 2023 Graphic 1 (4)
October 2023 Graphic #2 (2)

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.

October 2023 #5 (2)
CompanyTitleIndustryEthnicity
Pacira BioSciences, Inc.Alethia Young HealthcareBlack / African American
Westamerica BancorporationAlisa Belew Financial Services
Regions Financial CorporationAlison S. Rand Financial Services
Rush Enterprises, Inc.Amy Boerger Consumer Cyclical
Nortech Systems IncorporatedAmy Fredregill Technology
Mercantile Bank CorporationAmy L. Sparks Financial Services
Trane Technologies plcAna Paula de Jesus Assis Industrials
Birkenstock Holding plcAnne Pitcher Consumer Cyclical
Lake Shore Bancorp, Inc.Ann Segarra Financial Services
Moatable, Inc.Rebecca Polak Technology
Heartland Express, Inc.Brenda M. Lantz Industrials
Flowers Foods, Inc.Brigitte H. King Consumer Defensive
LogicMark, Inc.Carine Schneider Industrials
Bank of Marin BancorpCigdem Gencer Financial ServicesMiddle Eastern / North African
OceanFirst Financial Corp.Dalila Wilson-Scott Financial ServicesBlack / African American
Transcat, Inc.Dawn DePerrior Industrials
Root, Inc.Donna Dorsey Financial ServicesBlack / African American
STRATA Skin Sciences, Inc.Dr. Irit Yaniv M.D., MBA Healthcare
IGM Biosciences, Inc.Dr. Elizabeth H.Z. Thompson Ph.D, Healthcare
Natural Gas Services Group, Inc.Georganne Hodges Energy
EVe Mobility Acquisition CorpRegina Shekerdemian Financial Services
Next.e.GO N.V.Isabelle D. Freidheim Consumer Cyclical
NCR Voyix CorporationJanet Brutschea Haugen Technology
AbbVie Inc.Jennifer L. Davis Healthcare
Otis Worldwide CorporationJill Brannon Industrials
Ingersoll Rand Inc.JoAnna L. Sohovich IndustrialsHispanic / Latino
Flowers Foods, Inc.Joanne D Smith Consumer Defensive
Ingersoll Rand Inc.Julie A. Schertell Industrials
Blue Bird CorporationJulie A. Fream Consumer Cyclical
American Acquisition Opportunity Inc.Julie Griffith Financial Services
Hudson Technologies, Inc.Kathleen L. Houghton Basic Materials
Global Payments Inc.Kirsten Marie Kliphouse Industrials
The Aaron's Company, Inc.Kristine Kay Malkoski Consumer Cyclical
Frontdoor, Inc.Lara Balazs Consumer Cyclical
Entravision Communications CorporationLara Sweet Communication Services
NCR Voyix CorporationLaura M. Miller Technology
Cencora, Inc.Lauren M. Tyler HealthcareBlack / African American
Tupperware Brands CorporationLaurie Ann Goldman Consumer Cyclical
Renovaro Biosciences Inc.Leni Boeren Healthcare
NewMarket CorporationLowell Simmons Ukrop Basic Materials
Paylocity Holding CorporationLinda M. Breard Technology
SPAR Group, Inc.Linda M. Houston Industrials
Eastern Bankshares, Inc.Linda Marie Williams Financial ServicesBlack / African American
Century Communities, Inc.Elisa Zuniga Ramirez Consumer CyclicalHispanic / Latino
Tupperware Brands CorporationLori H. Bush Consumer Cyclical
Valvoline Inc.Lori Ann Flees Energy
Comcast CorporationLouise F. Brady Communication Services
Rocket Lab USA, Inc.Nina Armagno Industrials
Annaly Capital Management, Inc.Manon Laroche Real EstateBlack / African American
NCR Atleos CorporationMary Ellen Baker Technology
Allegro MicroSystems, Inc.Mary G. Puma Technology
Quad/Graphics, Inc.Melanie Arlene Huet Industrials
Eastern Bankshares, Inc.Marisa Harney Financial Services
NCR Atleos CorporationMichelle McKinney Frymire Technology
Green Dot CorporationMichelleta Razon Financial ServicesBlack / African American
WK Kellogg CoMindy Sherwood Consumer Defensive
Next.e.GO N.V.Minneola P. Ingersoll Consumer Cyclical
Axalta Coating Systems Ltd.Mary Slagle Zappone Basic Materials
ITT Inc.Nazzic S. Keene Industrials
Birkenstock Holding plcNisha Kumar Consumer CyclicalAsian / Pacific Islander
Angel Oak Mortgage REIT, Inc.Noelle Savarese Real Estate
Orange County Bancorp, Inc.Olga Luz Tirado Financial ServicesHispanic / Latino
Acadia Healthcare Company, Inc.Dr. Patrice A. Harris M.D. HealthcareBlack / African American
Spectaire Holdings Inc.Patricia Sapinsley Industrials
NCR Atleos CorporationPatricia A. Watson Technology
Catalyst Biosciences, Inc.Dr. Renate Parry Ph.D. Healthcare
Southern CompanyShantella Carr Cooper UtilitiesBlack / African American
Syra Health Corp.Sherron Rogers Healthcare
Intuitive Surgical, Inc.Sreelakshmi Kolli HealthcareAsian / Pacific Islander
Winnebago Industries, Inc.Staci L. Kroon Consumer Cyclical
Oppenheimer Holdings Inc.Stacy Kanter Financial Services
SEI Investments CompanyStephanie D. Miller Financial Services
Stanley Black & Decker, Inc.Susan K. Carter Industrials
CF Industries Holdings, Inc.Susan A. Ellerbusch Basic Materials
Axsome Therapeutics, Inc.Dr. Susan Mahony Ph.D. Healthcare
MoneyHero LimitedSusanna Lee Communication ServicesAsian / Pacific Islander
AbbVie Inc.Susan Quaggin Healthcare
F5, Inc.Tamra A. Erwin Technology
IX Acquisition Corp.Teresa Barger Financial Services
Inotiv, Inc.Mary Coelho Healthcare
Fusion Pharmaceuticals Inc.Teresa Bitetti Healthcare
Science Applications International CorporationToni Townes-Whitley TechnologyBlack / African American
First Horizon CorporationVelia Carboni Financial Services
Amplify Energy Corp.Vidisha Prasad EnergyAsian / Pacific Islander
Starbucks CorporationWei Zhang Consumer CyclicalAsian / Pacific Islander
WK Kellogg CoWendy C. Arlin Consumer Defensive
Arbor Realty Trust, Inc.Carrie WilkensReal Estate
Catalyst Biosciences, Inc.Ruoyu ChenHealthcareAsian / Pacific Islander
CPI Aerostructures, Inc.Pamela LevesqueIndustrials
Greenlane Holdings, Inc.Gina CollinsHealthcare
Maison Solutions Inc.Dr. Xiaoxia ZhangConsumer DefensiveAsian / Pacific Islander
Next.e.GO N.V.Navjeet SinghConsumer CyclicalAsian / Pacific Islander
Nextdoor Holdings, Inc.Dana L. EvanCommunication Services
Peabody Energy CorporationM. Katherine BanksEnergy
Reborn Coffee, Inc.Jennifer TanConsumer CyclicalAsian / Pacific Islander
Reinsurance Group of America, IncorporatedMichele BangFinancial ServicesAsian / Pacific Islander
Rockwell Medical, Inc.Dr. Joan Lau Ph.D.HealthcareAsian / Pacific Islander
Singularity Future Technology Ltd.Yangyang XuIndustrialsAsian / Pacific Islander
The Sherwin-Williams CompanyHeidi G. PetzBasic Materials
TrustCo Bank Corp NYSteffani CotugnoFinancial Services
WeTrade Group Inc.Ting LiTechnologyAsian / Pacific Islander

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