September 2022 Report Summary

september 2022Companies continue to diversify board composition by appointing women to the board of public companies.

In September, women comprised 30% of new appointments to the boards of public companies. Public companies appointed 82 women to boards and 194 men to their boards. This decrease is unfortunate as certain companies like L’Oreal Group and Accenture have parity on boards and the pressure to increase diversity from the C-Suite to the board level remains.

This means women comprised 45.8% of all new public board appointments! This high mark builds off an average 12-month trend where the average percentage of women appointed to the boards of public companies is 43%.

28% of september 2002 newly appointed directos self-identified as people of color

While only 23 of the newly appointed women Board members (28% of new women appointments) chose to self-disclose their race, we continue to see diversification and continue to highlight the need to disclose. In August, Asian/Pacific Islander women took the lead in board appointments with 16 women being appointed to public boards, making up 19.41% of all appointments. They are closely followed by 7 Black/African American women (8.54%), and 1 Latin / Hispanic women (1.22%). Cardinal Health, Inc., Foot Locker, Inc., and Nike Inc., are some of the companies that appointed this phenomenal group of diverse women to their boards.

Of the 82 women appointed to the boards of public companies, 42, or 51.2%, were first time board appointments. In September, Healthcare companies led the way in the appointment of women followed by Financial Services and Industrial companies; with appointed women filling 14.63% of board seats at healthcare companies and 12.19% appointed to Financial Services. In the Industrial sector, we see strides being made by women at companies like Ziprecruiter, 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.

CompanyTitleIndustryEthnicity
22nd Century Group, Inc.Lucille S. SalhanyHealthcare
Abbott LaboratoriesClaire Babineaux-FontenotHealthcareBlack / African American
Algoma Steel Group Inc.Ave Lethbridge Basic Materials
Aon plcAdriana KaraboutisFinancial Services
Arcutis Biotherapeutics, Inc.Neha Krishnamohan HealthcareAsian / Pacific Islander
Axalta Coating Systems Ltd.Jan A. Bertsch Basic Materials
BorgWarner Inc.Sailaja K. ShankarConsumer CyclicalAsian / Pacific Islander
Broadridge Financial Solutions, Inc.Eileen K. Murray Technology
Cardinal Health, Inc.Christine A. MundkurHealthcare
Cardinal Health, Inc.Michelle M. BrennanHealthcare
Cardinal Health, Inc.Ms Suja ChandrasekaranHealthcareAsian / Pacific Islander
Carver Bancorp, Inc.Robin L. Nunn Financial ServicesBlack / African American
Catalent, Inc.Karen A. Flynn Healthcare
Celcuity Inc.Polly A. MurphyHealthcare
ChoiceOne Financial Services, Inc.Michelle M. Wendling Financial Services
Clearwater Analytics Holdings, Inc.Lisa JonesTechnology
Code Chain New Continent LimitedJing ZhangIndustrialsAsian / Pacific Islander
Code Chain New Continent LimitedJunhong HeIndustrialsAsian / Pacific Islander
Corbus Pharmaceuticals Holdings, Inc.Anne Altmeyer Ph.D., MBA Healthcare
Corebridge Financial, Inc.Patricia J. Walsh Financial Services
Cracker Barrel Old Country Store, Inc.Jody L. BilneyConsumer Cyclical
Embark Technology, Inc.Penelope A. Herscher Technology
Evolution Petroleum CorporationMs. Myra Coleman Bierria EnergyAsian / Pacific Islander
FedEx CorporationNancy A. NortonIndustrials
First Guaranty Bancshares, Inc.Vanessa R. Drew Financial Services
Flex Ltd.Maryrose T. SylvesterTechnology
Flexsteel Industries, Inc.Jeanne McGovern Consumer Cyclical
Foot Locker, Inc.Mary N. Dillon Consumer Cyclical
Graham Holdings CompanyDanielle Conley Consumer DefensiveBlack / African American
Harpoon Therapeutics, Inc.Lauren Silvernail Healthcare
Heliogen, Inc.Barbara J. Burger Utilities
Helix Energy Solutions Group, Inc.Diana GlassmanEnergy
Helix Energy Solutions Group, Inc.Paula M. HarrisEnergyBlack / African American
Hewlett Packard Enterprise CompanyRegina Dugan Technology
Hudson Technologies, Inc.Loan Nguyen Mansy Basic MaterialsAsian / Pacific Islander
Hudson Technologies, Inc.Nicole E. Bulgarino Basic Materials
Huron Consulting Group Inc.Joy T. Brown IndustrialsBlack / African American
Illinois Tool Works Inc.Ms. Kelly GrierIndustrials
J&J Snack Foods Corp.Mary MederConsumer Defensive
JELD-WEN Holding, Inc.Catherine Ann Halligan Industrials
JFrog Ltd.Yvonne Wassenaar Technology
Laser Photonics CorporationShara PathakIndustrialsAsian / Pacific Islander
Lattice Semiconductor CorporationRaejeanne SkillernTechnology
LeMaitre Vascular, Inc.Martha ShadanHealthcare
Lexaria Bioscience Corp.Dr. Catherine C. Turkel Ph.D., Pharm.D., MBA Healthcare
Lightning eMotors, Inc.Wanda Jackson-Davis IndustrialsBlack / African American
LiqTech International, Inc.Fei ChenIndustrialsAsian / Pacific Islander
Lisata Therapeutics, Inc.Heidi Henson Healthcare
LivaNova PLCBrooke Story HealthcareBlack / African American
MACOM Technology Solutions Holdings, Inc.Jihye W. RosenbandTechnology
Magyar Bancorp, Inc.Susan Eisenhauer Financial Services
Magyar Bancorp, Inc.Maureen RuaneFinancial Services
Mirion Technologies, Inc.Sheila Rege M.D. IndustrialsAsian / Pacific Islander
MRC Global Inc.Anne McEntee Energy
Nauticus Robotics, Inc.Lisa J. PorterIndustrials
Neogen CorporationAashima Gupta HealthcareAsian / Pacific Islander
NextPlat CorpCristina Fernandez Technology
NIKE, Inc.Monica GilConsumer CyclicalHispanic / Latino
Orange County Bancorp, Inc.Marrianna R. KennedyFinancial Services
Pardes Biosciences, Inc.Laurie Smaldone Alsup M.D. Healthcare
Permian Resources CorporationKaran E. EvesEnergy
Pliant Therapeutics, Inc.Dr. Katharine Knobil M.D. Healthcare
Presto Automation, Inc.Gail Zauder Technology
Quotient LimitedSophie Bechu Healthcare
RF Industries, Ltd.Kay Lee Tidwell IndustrialsAsian / Pacific Islander
Rumble Inc.Nancy ArmstrongTechnology
Societal CDMO, Inc.Elena Cant Healthcare
Sonder Holdings Inc.Michelle M. Frymire Consumer Cyclical
Sonnet BioTherapeutics Holdings, Inc.Lori McNeill Health Care
Territorial Bancorp Inc.Jan SamFinancial ServicesAsian / Pacific Islander
Thermon Group Holdings, Inc.Angela Strzelecki Industrials
Transcat, Inc.Cynthia Langston Industrials
Trinity Industries, Inc.Veena M. Lakkundi IndustrialsAsian / Pacific Islander
Triumph Group, Inc.Cynthia M. EgnotovichIndustrials
Tuesday Morning CorporationMaya BurkenroadConsumer Defensive
Universal Health Services, Inc.Nina Chen-LangenmayrHealthcareAsian / Pacific Islander
Urban Edge PropertiesMary L. Baglivo Real Estate
UroGen Pharma Ltd.Dr. Leana S. Wen M.D.HealthcareAsian / Pacific Islander
WisdomTree Investments, Inc.Daniela MielkeFinancial Services
World Wrestling Entertainment, Inc.JoEllen DillonCommunication Services
World Wrestling Entertainment, Inc.Michelle McKenna-DoyleCommunication Services
Xencor, Inc.Nancy Valente Healthcare
Ziprecruiter, Inc.Emily McEvilly Industrials

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