July 2023 Report Summary

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

In July, women comprised 30.3% of new appointments to the boards of public companies. Public companies appointed 73 women to boards and 168 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.

Board Report Infographics Ethnicity (4) (4)

While only 18 of the newly appointed women board members (24.66% 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 July, Asian/Pacific Islander women took the lead in board appointments with 9 women being appointed to public boards, making up 12.33% of all appointments. They are closely followed by 5 Black/African American women (6.85%). Companies such as The Children’s Place, Inc., Empire State Realty Trust, Inc., and Block, Inc. are leading the way as part of a phenomenal group that have appointed diverse women to their boards.

July 2023 (2)

Of the 73 women appointed to the boards of public companies, 36, or 49.32%, were first time board appointments. In July, Healthcare companies led the way in the appointment of women followed by Technology Companies, with appointed women filling 27.40% of board seats at Healthcare companies and 17.81% at Technology companies. In the Technology industry, we see strides being made by women at companies like Lyft, Inc.

Board Report Graphic #1 (3)

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.

Ocular Therapeutix, Inc.Adrienne Graves Healthcare
The Children's Place, Inc.Alicia Enciso Consumer CyclicalHispanic / Latino
DoorDash, Inc.Ashley Still Communication Services
New Mountain Finance CorporationBarbara Daniel Financial Services
Lincoln Electric Holdings, Inc.Bonnie Fetch Industrials
PSQ Holdings, Inc.Caroline Carralero Technology
60 Degrees Pharmaceuticals, Inc.Cheryl Xu HealthcareAsian / Pacific Islander
Empire State Realty Trust, Inc.Christina Van Tassell Real Estate
T. Rowe Price Group, Inc.Cynthia Smith Financial Services
The Boston Beer Company, Inc.Cynthia Swanson Consumer Defensive
SolarEdge Technologies, Inc.Dana Gross Technology
Phinia Inc.D'aun Norman Consumer Cyclical
Hubbell IncorporatedDebra Dial Industrials
Lexicon Pharmaceuticals, Inc.Diane Sullivan Healthcare
Allakos Inc.Dolca Thomas HealthcareHispanic / Latino
Cirrus Logic, Inc.Duy-Loan Le TechnologyAsian / Pacific Islander
Ryan Specialty Holdings, Inc.Francesca Cornelli Financial Services
Norfolk Southern CorporationFrancesca DeBiase Industrials
Patriot National Bancorp, Inc.Grace Doherty Financial Services
Empire State Realty Trust, Inc.Hannah Yang Real EstateAsian / Pacific Islander
Compass DiversifiedHeidi Locke Simon Industrials
IDEXX Laboratories, Inc.Irene Britt HealthcareAsian / Pacific Islander
First Watch Restaurant Group, Inc.Irene Britt Consumer CyclicalAsian / Pacific Islander
Lyft, Inc.Janey Whiteside Technology
Thermo Fisher Scientific Inc.Jennifer Johnson Healthcare
U.S. Silica Holdings, Inc.Jimmi Smith Energy
Nathan's Famous, Inc.Joanne Podell Consumer Cyclical
Becton, Dickinson and CompanyJoanne Waldstreicher Healthcare
Bread Financial Holdings, Inc.Joyce St. Clair Financial Services
Carriage Services, Inc.Julie Sanders Consumer Cyclical
Schneider National, Inc.Julie Streich Industrials
Carmell Therapeutics CorporationKathryn Gregory Healthcare
Adicet Bio, Inc.Katie Peng HealthcareAsian / Pacific Islander
CDW CorporationKelly Grier Technology
PSQ Holdings, Inc.Kelly Loeffler Technology
Marti Technologies, Inc.Kerry Healey Technology
Iteris, Inc.Kimberly Valentine-Poska Technology
Graphite Bio, Inc.Kimberlee Drapkin Healthcare
Dun & Bradstreet Holdings, Inc.Kirsten Kliphouse Technology
1895 Bancorp of Wisconsin, Inc.Kristina Hill Financial Services
Phreesia, Inc.Lisa Egbuonu-Davis HealthcareBlack / African American
AngioDynamics, Inc.Lorinda Burgess HealthcareBlack / African American
Capital Bancorp, Inc.Mary Ann Scully Financial Services
SMART Global Holdings, Inc.Mary Puma Technology
Shore Bancshares, Inc.Mary Peterson Financial Services
Republic Services, Inc.Margaret Reynolds Industrials
Owlet, Inc.Melissa Gonzales Healthcare
NVIDIA CorporationMelissa Lora Technology
Arbutus Biopharma CorporationMelissa Rewolinski Healthcare
Smith & Wesson Brands, Inc.Michelle Lohmeier Industrials
Unum GroupMojgan Lefebvre Financial ServicesMiddle Eastern / North African
ParaZero Technologies Ltd.Naama Falach Avrahamy IndustrialsMiddle Eastern / North African
Block, Inc.Neha Narula TechnologyAsian / Pacific Islander
Arch Resources, Inc.Pamela Butcher Energy
Byline Bancorp, Inc.Pamela Stewart Financial ServicesBlack / African American
Kiromic BioPharma, Inc.Pam Misajon Healthcare
FMC CorporationPatricia Verduin Basic Materials
DXC Technology CompanyPinkie Mayfield TechnologyBlack / African American
Shore Bancshares, Inc.Rebecca McDonald Financial Services
Lamb Weston Holdings, Inc.Rita Fisher Consumer Defensive
Cabaletta Bio, Inc.Shawn Tomasello Healthcare
Alexander & Baldwin, Inc.Shelee Kimura Real EstateAsian / Pacific Islander
GATX CorporationShelley Bausch Industrials
AEON Biopharma, Inc.Shelley Thunen Healthcare
Carriage Services, Inc.Somer Webb Consumer Cyclical
Solid Power, Inc.Susan Kreh Industrials
Skyline Champion CorporationTawn Kelley Consumer Cyclical
Evolent Health, Inc.Toyin Ajayi HealthcareBlack / African American
DaVita Inc.Wendy Schoppert Healthcare
BancFirst CorporationLeslie RainboltFinancial Services
Brown-Forman CorporationElizabeth BrownConsumer Defensive
Neurocrine Biosciences, Inc.Christine PoonHealthcareAsian / Pacific Islander
Stellar Bancorp, Inc.Cynthia DopjeraFinancial Services