Board Recruitment May 2024

A Message from the CEO of BoardProspects

Welcome to the May 2024 issue of Board Recruitment, a monthly publication of BoardProspects packed with insights and updates to keep you at the forefront of corporate governance trends. As always, we aim to provide you with valuable resources to enhance your boardroom effectiveness.

In this issue, we’re excited to showcase the remarkable contributions of AAPI (Asian American and Pacific Islander) board members who are making a significant impact in boardrooms across various industries. Our special feature, “100 AAPI Board Members Making a Difference,” celebrates their achievements and highlights the diverse perspectives they bring to corporate leadership.

Additionally, we’ll delve into key developments and expert analysis, including:

• Insights from Sidley Austin: Learn about the recent decision by the US FTC to ban noncompetes and its potential implications for businesses. (Source: Sidley Austin)

• Guidance from Compensation Advisory Partners: Explore strategies for structuring annual incentive plans to ensure alignment between payouts and performance, vital for driving organizational success. (Source: Compensation Advisory Partners)

• Insights from KPMG: Gain valuable insights from the latest issue of Directors Quarterly, offering perspectives and analysis on current governance challenges and opportunities. (Source: KPMG)

We invite you to explore these thought-provoking articles and stay informed about the latest trends shaping the corporate governance landscape.

Please enjoy this complimentary issue of Board Recruitment!

Mark Rogers Founder and CEO BoardProspects

The U.S. FTC Voted to Ban Noncompetes. What Happens Now?

On April 23, 2024, the U.S. Federal Trade Commission (FTC) voted 3–2 along party lines to ban noncompete clauses in employment contracts. The following contains a high-level overview of this new rule, and you can access the full text of the rule here.

We expect litigation challenging the FTC noncompete rule to start shortly after the final rule is published in the Federal Register. In anticipation of the opposition, the Democratic FTC Commissioners have doubled down on the FTC rulemaking authority as defined by the text of Section 6(g) of the FTC Act and the U.S. Court of Appeals for the D.C. Circuit’s ruling in National Petroleum Refiners Association v. FTC. Litigation may delay or stop the rule from coming into effect, but if it is unsuccessful, the rule will go into effect 120 days after publication in the Federal Register.

What is considered a noncompete for purposes of the FTC’s prohibition?

The new rule prohibits contractual agreements between an employer and employee that (1) prohibit a worker from, (2) penalize a worker for, or (3) function to prevent a worker from seeking or accepting other employment in the U.S., including operating a U.S. business, after the employee stops working for the employer. While this encompasses traditional noncompetition agreements, it also purports to include other contractual provisions that create a de facto noncompete clause. For example,

a nondisclosure agreement that defines “confidential information” as information that is “usable in” or “relates to” a particular industry may be construed as overbroad by effectively preventing a worker from working in the industry after his or her employment ends. Another de facto noncompete may be found in an employment agreement that contains a liquidated damages provision or analogous financial penalty that is triggered if the employee leaves his or her employment within a certain period of time.

What about nondisclosure agreements or nonsolicitation agreements?

The new rule covers workers beyond just the traditional paid employee. It also covers independent contractors, consultants, unpaid employees, externs, interns, volunteers, apprentices, and workers who are hired by one party to work for another (e.g., staffing agencies).

What about senior executives or highly compensated employees?

For senior executives — defined as workers earning more than $151,164 annually who are in a “policy-making position” — existing noncompetes can remain in force. Noncompetes with senior executives after the rule’s effective date will be prohibited.

What happens to noncompetes that are already in place?

The new rule applies retroactively, meaning that it will ban noncompetes that were already entered into prior to the passing of this rule (with the exception of senior executives). The rule will cover prospective noncompetes for all workers (including senior executives). What employees are covered by the new rule?

The new ban on noncompetes does not prohibit other types of restrictive employment covenants such as nondisclosure agreements and nonsolicitation agreements, so long as they are not so broad that they create a de facto noncompete. Specifically, a nondisclosure agreement is not a noncompete if the agreement’s prohibitions on disclosure do not apply to information that (1) arises from the worker’s general training, knowledge, skill, or experience, gained on the job or otherwise, or (2) is readily ascertainable to other employees or the general public.

What about compensation-based or training-repayment agreements?

Compensation-based agreements such as garden leave and severance agreements are generally not prohibited under the new rule so long as there are no restrictions on what the employee can do after they are no longer employed. Training-repayment agreements are also not prohibited so long as they do not prevent an employee from seeking or accepting other employment or starting a business after the employment associated with the agreement.

What about forfeiture-for-competition clauses?

The rule specifically prohibits terms that “penalize” workers for working for a competitor after leaving. This includes a prohibition of forfeiture-for-competition clauses, including severance agreements where a worker is paid only if they refrain from competing.

Is there an exception for the sale of a business?

Yes. The new rule does contain an exception to allow noncompetes in bona fide sale-of-business agreements made in good faith between two independent parties at arm’s length. A qualifying sale of a business must involve the sale of (1) a business entity, (2) all or substantially all of a business’s operating assets, or (3) an individual’s ownership interest in the business entity. This reflects a change from the proposed rule, which contained a 25% ownership threshold for the exception to apply.

What if my state law allows noncompetes?

The new FTC rule purports to supersede any state statute, regulation, or order to the extent the state law is inconsistent with the new rule. State laws that are more stringent than the FTC’s rule will still apply.

When does the rule take effect?

The rule is scheduled to take effect 120 days after it is published in the Federal Register. If the rule is published today, the effective date would be August 22, 2024. This is the deadline by which employers must provide notice to current

employees and any former employees currently bound by a noncompete to inform them that the employee’s noncompete clause is no longer valid. There is model language included in the new rule, available here.

If my noncompete is not covered by this rule, or if the rule does not go into effect or is stayed during litigation, is my noncompete legal?

The FTC has begun using its authority under Section 5 of the FTC Act to bring enforcement actions against noncompetes and de facto noncompetes that it thinks are anticompetitive, and it may continue to do so even if this rule does not go into effect. For instance, on January 4, 2023, the FTC announced that three companies had settled anticompetitive enforcement actions in which they agreed to cease use of current and future noncompete restrictions in employment contracts. The FTC’s press release related to those enforcement actions can be found here.

Attorney Advertising—Sidley Austin LLP is a global law firm. Our addresses and contact information can be found at www.sidley. com/en/locations/offices.

Sidley provides this information as a service to clients and other friends for educational purposes only. It should not be construed or relied on as legal advice or to create a lawyer-client relationship. Readers should not act upon this information without seeking advice from professional advisers. Sidley and Sidley Austin refer to Sidley Austin LLP and affiliated partnerships as explained at www.sidley.com/disclaimer.

LEADING THE DEFENSE OF THE WORLD’S PUBLIC COMPANIES

Ranked No. 1 in the shareholder activism defense league tables of Bloomberg and FactSet for 2022, as well as Refinitiv for H1 2022

Named “Activist Defense Adviser of the Year” by The Deal in 2022

Chambers USA 2022 ranks Sidley’s Shareholder Activism and Corporate Defense as Band 1 (listed as Corporate/M&A Takeover Defense)

Proxy fights and activist situations are bet-the-company situations, and there is no time for “training on the job.”

Over the past five years, Kai Liekefett and Derek Zaba, the co-chairs of this team, have represented companies in more than 100 proxy contests, several hundred other activist campaigns, and dozens of settlements more than any other corporate defense law practice in the world.

TALENT. TEAMWORK. RESULTS.

Kai Haakon E. Liekefett

New York

kliekefett@sidley.com

Derek Zaba Palo Alto/New York dzaba@sidley.com

sidley.com

Early Filers: Performance Flattens as CEO Pay Continues to Rise

By Lauren Peek, Joanna Czyzewski

CAP reviewed chief executive officer (CEO) pay levels among 50 companies with fiscal years ending between August and October 2023 (defined as the Early Filers). 2023 financial performance was generally flat, which resulted in median bonus payouts of around target. Median CEO total direct compensation was up +7%, largely delivered in the form of longterm incentive awards. This report covers 2023 financial performance, CEO actual pay levels and annual incentive payouts for the Early Filers.

Key Findings

Performance: 2023 median financial performance – as measured by revenue, earnings before interest and taxes (EBIT), and earnings per share (EPS) – was generally flat. This is in stark contrast to 2021 and 2022 where companies experienced tremendous growth after

weaker 2020 performance (impacted by COVID). In 2023, median revenue grew slightly (+3.7%), and EBIT and EPS were flat (+0.2% and +0.3%, respectively). One-year total shareholder return, or TSR, was up double digits year-over-year (+11.6%) as stock prices rebounded from 2022.

CEO Pay: Median CEO total direct compensation increased +7% year over year, driven by an +11% increase in the grant-date value of long-term incentives (LTI). Median bonus payout was down year over year (-11%), reflective of more modest performance.

Annual Incentive Payout: Overall, 2023 median bonus payouts for CEOs were at target (i.e., 102% of target). Payout for the CEO was generally in line with the corporate funding factor (i.e., the percentage at which the annual

incentive funds based on company performance), although companies who made a discretionary adjustment (up or down) were more likely to do so when funding was below target.

2023 Performance

Financial performance in 2023 was generally flat compared to 2022. Median revenue was up +3.7%, and EBIT and EPS were flat (up +0.2% and +0.3%, respectively). In contrast, performance in 2022 was strong, with median growth of +9 to +12% for revenue, EBIT and EPS. TSR growth was strong in 2023 and, at median, ahead of 1-year financial

performance. Median TSR was up +11.6% year over year. The stock market has been volatile post-pandemic and further impacted by macroeconomic issues such as inflation, higher interest rates, supply chain difficulties, and geopolitical instability. One-year financial and TSR performance for the Early Filers slightly underperformed the S&P 500, which experienced modest growth in 2023.

(1) Reflects companies in the S&P 500 as of December 2023. For the S&P 500, financial performance and TSR are as of September 30, 2023 and September 30, 2022. For Early Filers, financial performance and TSR are as of each company’s fiscal year end.

CEO Actual Total Direct Compensation

CEO pay continued to rise in 2023. Median total direct compensation – base salary plus actual bonus payout plus grant-date value of LTI – for the CEO was up +7%. This increase was largely delivered in the form of LTI (+11%). Longterm incentive awards are generally approved in the first quarter (i.e., September 2022 – January 2023 for Early Filers), and significant increases in award

value are typically provided to recognize strong company and/or individual performance from the prior year. For the second year in a row, median bonus payout was down year over year (-11%), reflective of the flat financial growth (although 2022 financial performance was strong, bonus payout was down from record highs in 2021). Median base salary was up (+3%) in 2023.

Note: Reflects same incumbent CEOs. Excludes companies that did not pay a bonus in the prior year (and, therefore, 1-year growth for these companies is not meaningful).

When considering the tenure of the CEO, those with less than three years of service received larger salary and LTI increases (than those who have been in their role for more than three years) to position pay more competitively with market. Interestingly, those who have less tenure also saw steeper declines in the bonus payout year over year, driven by above target-payouts in 2022 and well-below-target payouts

in 2023. Approximately half of these companies have a transformation plan in place to improve performance in the coming years, which combined with actual payouts, suggested more volatile performance outcomes during this transition time. One-year change in pay for CEOs who have been in the role for more than three years aligned with overall findings for the Early Filers.

Annual Incentive Plan Payout

The median annual incentive payout was around target (102%) in 2023 and

reflective of flat financial performance. This is down from 2022, with 75th and 25th percentiles also lower than prior year.

Approximately 50% of companies in our sample had an annual incentive payout that was at or above target in 2023 (median payout of 129% of target). These higher performing companies saw modest growth at median for revenue, EBIT and EPS growth, and had strong TSR performance. For companies with below target performance (median payout

of 61% of target), median revenue growth was down slightly (-2.6%) while EBIT and EPS performance was down double digits (-15.6% and -11.4%, respectively). Median TSR increased for both groups. TSR was up significantly (+17.8%) for at or above target performers and up slightly (+2.3%) for below target performers.

(1) 1-year financial performance and TSR is as of each company’s fiscal year end.

Approximately one-third of Early Filers incorporate individual performance in the annual incentive payout for the CEO. This means that the CEO’s payout as a percentage of target may be higher or lower than that of the corporate funding factor (i.e., the percentage at which the annual incentive funds based on company performance). 70% of companies in our sample provided a payout to the CEO that was +/-5 percentage points from the corporate funding factor in 2023.

Nearly 15% of companies reduced the CEO’s payout from the corporate funding factor in 2023, which is up from 2022 (4% of companies) and

2021 (7% of companies). However, the average reduction in payout was lower in 2023 than in prior years. On average, companies that lowered the CEO payout in 2023 reduced it by 30 percentage points compared to 39 points in 2022 and 102 points in 2021. The number of companies that increased the CEO’s payout by more than 5 points above the corporate funding factor was up slightly from last year (17% in 2023 vs. 11% in 2022) but down from 2021 (when it was 33%). However, the increase in payout was more modest, with companies raising the CEO’s payout by, on average, 15 points in 2023 compared to 20 points in 2022 and 34 points in 2021.

Looking Ahead

2023 financial performance was generally flat compared to 2022. We continued to see an increase in total direct compensation for CEOs, although bonus payouts were down moderately year over year. These increases in total direct compensation were largely

delivered through LTI and reflective of strong financial performance in 2022 or providing more competitive pay for newer CEOs. We anticipate that companies will provide modest increases in LTI in 2024 given 2023 outcomes although CEOs newer in their roles will likely continue

to receive more significant increases. Given the continuing macroeconomic factors (U.S. presidential election, geopolitical unrest, continued supply chain disruptions), 2024 performance expectations are still largely unknown.

Early Filers’ Company Sample

CAP’s study reflects 50 companies with fiscal years ending between August and October 2023. Industry sectors reviewed include: Communication Services, Consumer Discretionary, Consumer Staples, Financials, Health Care, Industrials, Information Technology and Materials. Revenues for these companies ranged from $1.4 billion –$383 billion (median revenues of $11.9 billion); median fiscal-year-end market capitalization was $16.4 billion.

Directors Quarterly Insights from the Board Leadership Center

Setting the pace on Gen AI

With the rise of generative artificial intelligence (Gen AI), companies are facing the challenge of moving quickly—but not too quickly. Gen AI governance has moved to the top of many board agendas as directors understand the potential competitive advantages as well as the potential risks that the transformative technology poses for the company and its strategy.

For insights on the current state of board oversight, check out findings from our director survey and our recent KPMG Board Leadership Center webcast discussion of the risks, opportunities, and disruptions posed by Gen AI.

Our financial reporting and auditing update includes the latest developments on the Securities and Exchange Commission final rule on climate-related disclosures, final rules and guidance related to special purpose acquisition companies (SPACs), and the recent dialogue about the Public Company Accounting Oversight Board (PCAOB) proposal on noncompliance with laws and regulations (NOCLAR).

In this edition, we also report on trends in Latino representation on Fortune 1000 boards. Our latest study, in collaboration with the Latino Corporate Directors Association, finds that Latino directors held 5.0% of Fortune 1000 board seats in 2023, up from 2.7% in 2019.

Finally, we share insights from our discussions with private company directors and CEOs on how independent voices can help add value to private company boards, with practical takeaways for successfully tapping into the value of independent directors.

JOHN H. RODI Leader KPMG Board Leadership Center (BLC)

Financial reporting and auditing update

Current quarter financial reporting matters

SEC stays final rules on climate disclosures companies currently assessing reporting requirements under the California climate laws as well as EU and other international standards can now use the SEC’s final rules to complete their analysis of reporting obligations and create a rigorous, repeatable, and timely climate reporting process.

On April 4, 2024, the SEC issued an order staying its final rules on climate-related disclosures pending the completion of the Eighth Circuit’s review of legal challenges to the final rules. “In issuing a stay, the Commission is not departing from its view that the Final Rules are consistent with applicable law and within the Commission’s long-standing authority to require the disclosure of information important to investors in making investment and voting decisions.”1

The final rules as adopted on March 6, 2024, while scaled back from the proposed rules, would require public companies to make detailed climaterelated disclosures in their annual reports and financial statements. A number of industry and environmental organizations, as well as state attorneys general, challenged the final rules in various courts, and on March 21, a judicial panel issued an order consolidating these cases in the Eighth Circuit Court of Appeals.2 The SEC’s April 4th order stays the Commission’s final rules pending the Eighth Circuit review and decision. That decision could affect the legality and scope of the final rules, including the scheduled compliance phase-in. Notwithstanding this uncertainty,

The final rules comprise disclosures with two distinct components:

• Reg S-X financial statement disclosures, which will be part of the audited financial statements and therefore in the scope of the company’s internal control over financial reporting.

• Reg S-K climate-related disclosures in the company’s annual report or registration statement.

The two sets of disclosures are connected because the Reg S-K disclosures require quantitative and qualitative disclosure of any material expenditures incurred and material impacts on financial estimates and assumptions that directly result from certain items.

Financial statement disclosures

Certain disclosures (qualitative and quantitative) are required in a note to the financial statements for the company’s

1 US Securities and Exchange Commission, In the Matter of the Enhancement and Standardization of Climate-Related Disclosures for Investors (Order Issuing Stay), April 4, 2024.

2 US Judicial Panel on Multidistrict Litigation Consolidation Order, March 21, 2024.

most recent fiscal year and include disclosures about:

• severe weather events and other natural conditions (not defined): – expenditures and losses, if the aggregate amount thereof is ≥ 1% of the absolute value of income or loss before income tax expense or benefit for the relevant fiscal year—subject to a de minimis amount of $100,000; and – capitalized costs and charges, if the aggregate amount thereof is ≥ 1% of the absolute value of stockholders’ equity or deficit at the end of the relevant fiscal year—subject to a de minimis amount of $500,000;

• material effects on financial estimates / assumptions related to severe weather events and other natural conditions, or any climate-related targets or transition plans disclosed by the registrant; and

• carbon offsets or renewable energy credits / certificates if their use is a material component of the company’s plans to achieve its disclosed climaterelated targets or goals.

Climate risk disclosures:

The climate risk disclosures outside of the financial statements are arranged under the broad categories of governance, strategy, and risk management, which is consistent with the structure in the SEC’s recent rule on cybersecurity reporting and disclosures.

These disclosures include the following governance and risk management disclosures:

• the board’s oversight of climaterelated risks and, if applicable, the (sub) committee responsible for such oversight and the process by which the board or such (sub)committee is informed about such risks;

• management’s role in assessing and managing material climate-related risks, and the relevant expertise of such individuals; and

• the company’s process for identifying, assessing, and managing climate-related risks and integration into its overall risk management system or processes.

The disclosures also include quantitative and qualitative disclosure of any material expenditures incurred and material impacts on financial estimates and assumptions that directly result from the company’s:

• activities to mitigate or adapt to climate-related risks;

• transition plan; and

• targets or goals, or actions taken to make progress toward achieving those targets or goals.

Scopes 1 and 2 GHG emissions:

Large accelerated filers and accelerated filers (except for smaller reporting companies and emerging growth companies) are required to disclose gross Scope 1 and/or Scope 2 greenhouse gas (GHG) emissions, if material. Limited assurance will be required three years after the disclosures are first required. For large accelerated filers only, reasonable assurance will be required four years after that.

The rules do not prescribe a specific approach to be followed. Instead they require the company to describe the methodology, significant inputs, and significant assumptions used to calculate GHG emissions, including the:

• organizational boundaries;

• operational boundaries; and

• protocol or standard used, with details about the calculation approach, data, and tools.

Phased transition:

The April 4th stay order does not address the scheduled phase-in of the Commission’s final rules. While the earliest compliance date is scheduled for the fiscal year beginning in calendar year 2025 for large accelerated filers, there is uncertainty as to how the Eighth Circuit litigation and any subsequent SEC action might affect the scheduled phase-in.

Also see SEC stays its climate rule pending judicial review.

PCAOB seeks additional insight on NOCLAR proposal:

On March 6, a diverse group of auditors, preparers, legal experts, investors, and professors gathered for a virtual roundtable hosted by the PCAOB. The focal point of the dialogue was the PCAOB’s proposal on noncompliance with laws and regulations (NOCLAR)— an extensive proposal that would significantly increase auditors’ responsibilities related to NOCLAR. Although the proposal is targeted to auditors, the potential effects would be wide-reaching, extending to company management and audit committees alike.

The roundtable aimed to foster public outreach and facilitate discussions on various aspects of the proposal as the PCAOB staff strives to develop an operable standard that adequately safeguards investors’ interests. Despite achieving some consensus, the discussions underscored the substantial work that remains before the PCAOB can issue a final standard.

The varied perspectives on the proposal’s key concepts, expressed at the roundtable and in submitted comment letters, underscore the significant challenges that remain in developing an updated NOCLAR standard. The PCAOB’s standard-setting agenda indicates that a final standard is anticipated in 2024. However, this timeline will depend on the PCAOB’s redeliberation of the feedback, the extent of changes made to the proposal, and the decision on whether

to re-propose. Whether re-proposal is necessary was yet another area where the panelists were divided.

SEC compensation clawback rules become effective; checkbox clarifications:

The national exchanges’ (NYSE and Nasdaq) final compensation clawback listing standards became effective on October 2, 2023. Companies were required to adopt their recovery policies by December 1, 2023, and have had many questions about how to apply their new recovery policies under the rules. Among them, companies have asked about when to check Boxes 1 and 2 in their annual report filing.

At the 2023 AICPA and CIMA Conference on Current PCAOB and SEC Developments, staff from the SEC’s Division of Corporation Finance clarified that companies should check Box 1 for any annual financial statements that reflect an error in previously issued financial statements as defined by Topic 250 (accounting changes and error corrections). Box 1 is not checked (1) for changes in accounting principle or (2) if there is an out-of-period adjustment reflected in current-year financial statements that does not change any prior-year financial statements.

A company checks Box 2 if the financial statements included in the filing reflect the correction of one or more errors that required a recovery analysis—i.e., either a “Big R“ or “little r“ restatement to previously issued financial statements

as defined in the rules. There could also be circumstances where a company can check Box 1 but not Box 2. An issuer checks Box 1 any time there is an error correction, regardless of materiality. The issuer checks Box 2 only if those error corrections are “Big R“ or “little r“ restatements that require the issuer to perform an analysis under its recovery policy.

SEC finalizes SPAC rules:

The SEC has adopted final rules and guidance to enhance investor protections in response to concerns arising from the surge in 2020 and 2021 of special purpose acquisition company (SPAC) IPOs and the subsequent acquisition of private operating companies (de-SPACs). Key provisions of the final rules include:

• Enhanced disclosure. The final rules require enhanced disclosures in SEC filings relating to a SPAC IPO and the subsequent de-SPAC transition.

• Aligning de-SPAC transactions with IPOs. The rules include various new requirements to align the existing rules and disclosure requirements governing de-SPAC transactions with those of a traditional IPO.

• Increased transparency in using projections. Financial projections are a common feature in SPAC-related and traditional IPO filings. In an effort to drive greater transparency in using financial projections, the rules (among other things) eliminate safe harbor provisions for those projections from SPAC-related filings, require SPACs to distinguish between projections based on historical

results and those that are not, and provide more clarity when projections include nonGAAP measures. For more detail about these and other issues potentially affecting you in the current period or near term, see the KPMG Q1 2024 Quarterly Outlook.

A boardroom lens on Gen AI

“Generative AI brought AI from a tool used by data scientists thousands of times to one used by consumers a billion times in a matter of months,” said Per Edin, Advisory GTM leader for Generative AI at KPMG. “It’s an amazing development.”

In a recent KPMG BLC survey, directors said that they recognize the potential value of generative AI—primarily to drive greater efficiencies, but also to grow market share and revenue, and develop new services.

“I think some of the fundamental board Gen AI discussions right now are around risk, implications for strategy, and implications for the business model,” said KPMG BLC Senior Advisor Claudia Allen during a March 21 webcast with Edin and KPMG BLC Leader John Rodi.

“Boards, perhaps more than almost anyone at a corporation, need to have the longest term view,” said Allen. Watch our webcast replay and view the results of our director survey.

Watch our webcast replay and view the results of our director survey.

A boardroom lens on Gen AI: Select survey findings*

What is the state of your company’s adoption of generative AI? (select all that apply)

Proof

concept/piloting generative AI selectively Ad hoc use by employees

Responsible generative AI usage guidelines published and communicated

Starting to scale generative AI

Enterprise-wide generative AI training currently in place or being developed

Generative AI is integrated into the company's strategy

Formal partnerships/alliances planned or in place

Processes are in place to measure generative AI bias/drift

Generative AI is core to the business and being used robustly

Generative AI adoption is paused pending greater clarity on regulatory developments in the US and internationally

Which of the following risks posed by the company’s adoption of generative AI are of greatest concern? (select up to three)

In your view, what are the most significant disruptions facing the company in its adoption of generative AI? (select up to two)

Reallocation of capital to fund new generative AI initiatives

*Results are based on a survey of 106 US board members, nonexecutive chairs, and lead directors, conducted January 30–February 29, 2024.

Latino representation on Fortune 1000 boards

Increasing board diversity remains a priority for both boards and shareholders. Among S&P 500 companies, 94% disclose that they incorporate gender diversity and racial/ ethnic diversity into their director search criteria, while 19% reference diversity of sexual orientation1. Institutional investors expect boards to consider and disclose how their composition supports company strategy and performance, with some investors voting against nominating/governance (nom/gov) committee chairs or members for lack of board diversity or related disclosures.

1. KPMG Board Diversity Disclosure Benchmarking Tool, powered by ESGAUGE, December 31, 2023.

Increasing board diversity remains a priority for both boards and shareholders. Among S&P 500 companies, 94% disclose that they incorporate gender diversity and racial/ethnic diversity into their director search criteria, while 19% reference diversity of sexual orientation.1 Institutional investors expect boards to consider and disclose how their composition supports company strategy and performance, with some investors voting against nominating/governance (nom/gov) committee chairs or members for lack of board diversity or related disclosures.

Latino representation on Fortune 1000 boards: 2023 Edition, a study conducted by the KPMG BLC and the Latino Corporate Directors Association, finds that Latinos held 5.0% of Fortune 1000 board seats in 2023. However, with nearly 20% of US residents identifying as Latino2, there is a ripe opportunity for change and for this missing voice to be incorporated at the highest level of corporate leadership.

More than half of the Latino directors studied joined their boards within the last five years.

Latino representation on Fortune 1000 boards: 2023 Edition, a study conducted by the KPMG BLC and the Latino Corporate Directors Association, finds that Latinos held 5.0% of Fortune 1000 board seats in 2023. However, with nearly 20% of US residents identifying as Latino,2 there is a ripe opportunity for change and for this missing voice to be incorporated at the highest level of corporate leadership.

Below are highlights from the report:

The Latino presence in Fortune 1000 boardrooms increased to 5.0% in 2023 from 2.7% in 2019.

Although Latino director representation remains low overall, more Fortune 1000 companies now have a Latino director. In 2019, the first year of this study, 77% of Fortune 1000 boards had no Latino directors compared to 60% in 2023.

By comparison, 45% of all public Fortune 1000 directors have served for less than five years. Only 18% of Latino directors have served for 10 years or more, compared to 28% of all public Fortune 1000 directors.

Larger companies are more likely to have a Latino director.

The number of public Fortune 1000 nom/gov committees chaired by Latino directors increased to 32 in 2023 from 24 in 2022.

Fifty-four percent of Fortune 100 companies have at least one Latino director, compared to 47% of Fortune 500 boards and 40% of Fortune 1000 companies.

More than half of the Latino directors studied joined their boards within the last five years. By comparison, 45% of all public Fortune 1000 directors have served for less than five years. Only 18% of Latino directors have served for 10 years or more, compared to 28% of all public Fortune 1000 directors.

The number of public Fortune 1000 nom/gov committees chaired by Latino directors increased to 32 in 2023 from 24 in 2022.

The Latino directors who serve on at least one board committee are most likely to serve on the audit committee (49%) and nom/gov committee (47%), followed by the compensation committee (42%). Latino directors served as chair of 32 audit committees, 32 nom/gov committees, and 30 compensation committees in 2023.

Below are highlights from the report:

The Latino presence in Fortune 1000 boardrooms increased to 5.0% in 2023 from 2.7% in 2019.

The Latino directors who serve on at least one board committee are most likely to serve on the audit committee (49%) and nom/gov committee (47%), followed by the compensation committee (42%). Latino directors served as chair of 32 audit committees, 32 nom/gov committees, and 30 compensation committees in 2023.

1 KPMG Board Diversity Disclosure Benchmarking Tool, powered by ESGAUGE, December 31, 2023.

2 US Census Bureau, United States QuickFacts, population estimates as of July 1, 2023.

Although Latino director representation remains low overall, more Fortune 1000 companies now have a Latino director. In 2019, the first year of this study, 77% of Fortune 1000 boards had no Latino directors compared to 60% in 2023. Larger companies are more likely to have a Latino director.

Fifty-four percent of Fortune 100 companies have at least one Latino director, compared to 47% of Fortune 500 boards and 40% of Fortune 1000 companies.

How independent directors can add value to private company boards

In any boardroom conversation, independent voices are vital to the quality of the discussion and the rigor of thinking and decision-making. For private companies, it can be gamechanging, with the potential for taking the thinking on strategy, risk, talent, and the future of the business to a different level.

In our recent survey of private company directors, nearly 90% of respondents said their company has at least one independent director. And threequarters said independent directors can add the most value to the business by serving as a sounding board for the CEO and other executives, advising on strategy, and helping to balance the views of management and owners. Indeed, private company directors— whether CEOs, founders, or investor representatives—are not uniform in their views, but the real and potential value offered by independent private company directors is evident in our survey findings.

To get behind the data and better understand the real-world factors driving the use and effectiveness of independent directors, we convened roundtables with private company directors—in conversation with CEOs— around the US. These candid discussions provided insights into the value that private company directors and CEOs

see independent directors adding—from providing a broader perspective on strategy, offering additional expertise in critical areas such as emerging technologies, international markets, and risk management, to helping instill the right tone and culture, and helping define the path as the company matures to a more robust governance structure. Participants also said that effectively drawing on the talent and skills of independent directors takes planning and work.

Our conversations, conducted under the Chatham House Rule, highlighted a number of factors that both private company directors and CEOs view as essential to successfully tapping into the value of independent directors.

Identifying the background, skills, and experiences desired in independent directors:

A key consideration is the background, skills, and experiences the company should be looking for in an independent director, given the company’s unique circumstances and needs, including its size, stage, and ownership structure. For example, family-owned companies may be looking for an independent director to help professionalize the board and formalize governance structures and processes, whereas institutional owners such as private equity and venture

capital investors may be homing in on a director’s industry-specific experience or preparing for an IPO by building a public company-ready board.

Other considerations might include:

• Can an independent director help provide a new direction—e.g., fresh thinking, new energy, strategy, or leadership?

• Some of the biggest challenges relate to digital transformation. As one director noted, “Reimagining your business and core strategy is an evolving process.” Digital transformation is key to strategic growth, and it is critical that the board have a “technology evangelist” to help cascade technology ownership across the company. “It’s not just the CTO’s responsibility.”

• Family-owned businesses face unique challenges. Investor-backed companies often follow a well-worn path—i.e., an IPO or sale to a strategic or financial buyer; however, family-owned businesses may face tension both between and among generations. For a family-owned business, consider where the company is on its journey—e.g., first, second, third, or fourth generation. “An independent director can play an important role in balancing the diverse interests and backgrounds of the family shareholders and considering their role in the management of the business.”

• Independent directors may bring specific expertise that the company needs—e.g., M&A, international

markets, or emerging technologies, risk management, legal/regulatory compliance. “M&A would not have been possible without the experience of our independent directors,” said one CEO.

Serving in board leadership:

Would independent board leadership (e.g., board or committee chair) help the board’s governance structure and processes mature and thus improve the board’s effectiveness? In our survey, 26% of respondents said that an independent director serves as board chair and another 15% said that an independent director serves as lead director. Of the survey respondents who indicated that their boards had audit or compensation committees, two-thirds said that those committees are chaired by an independent director.

Using an advisory board as a first step:

Particularly for a family-owned business exploring adding independent perspectives and experience, an advisory board may be an important interim step. The advisory board—as distinct from the fiduciary board—can serve as a consultant to the CEO and senior management, providing advice and guidance on issues including the development and execution of strategy, operations, financial performance, risk management and mitigation, key business initiatives, senior management succession plans, capital projects and transactions, and corporate culture. An advisory board can also provide additional business acumen, as well as an

unbiased view of company performance and the management team.

Companies that do not utilize an advisory board can still access outside thinking at the board level by bringing in board observers (who are often already investors in the company). “Even observers can make a difference,” said one independent director and observer to an employee-owned company board.

Bringing objectivity, challenging the status quo, and focusing on performance:

Our conversations highlighted the value of the objective perspective and unbiased viewpoint independent directors can provide, as well as their willingness to challenge the status quo. Other ways independent directors can add value include:

Insisting on forward-looking, strategic board agendas and fewer management-led discussions. Focus on the future of the business by discussing culture, investment in the business, and key strategic initiatives, and spend less time on quarterly results and lookbacks. “Flip the agenda,” suggested one CEO, “and be very clear that you want the directors’ help in building forwardlooking board agendas.”

Focusing on a culture of performance, not just loyalty. In a family-owned business, talent can be a difficult discussion, and independent directors can provide important insights. “Talk to senior leadership,” advised one director. “Make sure that company leaders have

access to the board. They may not have an immediate need for the expertise of the outside director, but when they do, there’s a real opportunity to learn.”

Helping the CEO understand blind spots on the leadership team and develop maturity models to solve for those blind spots—including robust leadership succession planning. Think in terms of a window of three to seven years. How will the company diversify its business and where should roles and skills be upgraded? Consider the board’s skill sets and capabilities, as well as future needs. A sharp focus on performance is essential for both CEO and board succession planning.

Formally onboarding new directors:

As one director noted, “Onboarding is critical, and I have been surprised at the number of private companies that don’t have formal onboarding. My experience taught me to ask for it, but a lot of CEOs and boards don’t think about it.” In our survey, “onboarding of new directors” was ranked among the lowest areas of board effectiveness. Orientation and onboarding can help new directors understand the business and the CEO’s expectations (including skill sets gaps to be filled and where the company is headed) and be more effective from day one. “For new directors joining a private company board, have a board buddy, ask for a thorough orientation and onboarding. Then attend every meeting for every board committee, if possible.”

It is clear from our survey work and ongoing conversations that private

company boards continue to improve their effectiveness in areas including overseeing strategy and agenda-setting, communicating with management, conducting board meetings, and communicating among directors. Independent directors can be pivotal in helping private companies navigate the challenges ahead—from AI to geopolitical uncertainty to CEO succession.

At a time when CEOs and boards need to be challenging assumptions and widening their company’s aperture on strategy, risk, and talent, having independent voices in the boardroom can be game-changing. That said, simply adding an independent director to the board is not enough. Adding real value requires planning, work, and close collaboration among the members of the board, the CEO, and other company executives.

How

Profit from the experience of other directors.

Meet other directors who have been in the trenches to get the firsthand insights you need to tackle the thorniest of issues in your boardroom.

Since 1998, public company directors have relied on Corporate Board Member to help them improve their contributions as individual directors and as boards, and in turn, strengthen stakeholder trust in the organizations they represent. Our community of exemplary board leaders are setting higher oversight standards, distinguishing themselves—and their organizations—from their competitors. Join them as part of the Corporate Board Member Network.

Maximize your effectiveness in the boardroom.

As a director, you are uniquely responsible for synthesizing trends and providing oversight to aid your company’s strategy. We bring together the experts to help you do so.

Exceed the expectations of your stakeholders.

The bar is rising and your investors, customers and employees demand more. Demonstrate you are capable and committed to serve them all.

Through exclusive peer-to-peer discussions—online and in-person— and access to independent research and best-in-class resources and training, CBM Network is raising the bar in board education.

To explore full-board or individual membership options, contact Amy Tkaczyk at atkaczyk@chiefexecutivegroup.com or visit BoardMember.com/CBMNetwork

100 AAPI Board Members Making a Difference

Mark Rogers, CEO of BoardProspects

As May is AAPI (Asian American and Pacific Islander) Heritage Month, we are pleased to spotlight accomplished AAPI board members who are making significant contributions to boardrooms across a vast range of industries from healthcare to banking to beauty.

These 100 board members include the first woman to become Chief Marketing Officer at the world’s largest enterprise application software provider, an education technology expert awarded a number of patents for product innovations, and a member of YouTube’s first executive team that led the company from a 36 person team to the pioneering global business it is today.

These individuals embody a wealth of experience and expertise as it relates

to corporate governance and we are honored to celebrate them in this month’s issue of Board Recruitment.

As we celebrate their achievements, it’s crucial to acknowledge the broader context of representation and inclusion in corporate governance. Asian Americans make up 13% of the professional workforce and are the fastest growing demographic in America. But while Asian Americans are well represented in middle and senior management, representation at the executive level and in the boardroom is lagging. Asian and Pacific Islanders represent just 3% of executives and just 4% of Fortune 1000 board members. Representation for Asian and Pacific Islanders who identify as female further declines to just 1.5% of Fortune 1000 board members (source).

The benefits of diverse perspectives in the boardroom have been well documented. McKinsey & Company’s recent report “Diversity Matters Even More: The Case for Holistic Impact” finds that companies in the top quartile for ethnically diverse boards are 13% more likely to financially outperform those in the bottom quartile. Sitting board members themselves see the value in diverse perspectives at the boardroom table. In a recent survey of over 180 board members conducted by Korn Ferry, 81% of respondents reported seeing the benefits of diversity and inclusion. Respondents see a diverse boardroom as contributing to innovative solutions and improved problemsolving.

However, truly harnessing the full power of a diverse board goes beyond representation. Every board member must also contribute to an environment where all voices are acknowledged and respected.

For actionable steps toward inclusion in the boardroom, we suggest reviewing our recent article “Actionable Strategies to Support The Women on Your Board” where 20+ members of the BoardProspects community share their suggestions for supporting diverse perspectives on your board. Their contributions range from ensuring a good onboarding experience to the importance of building relationships outside the boardroom.

Korn Ferry’s recent report “4 Ways to Develop the Optimal Board” also provides excellent suggestions for developing a board where every voice is heard and harnessed to create value for the company.

A company and its stakeholders are entitled to the most qualified members possible at their boardroom table. Board diversity is a vital component of this standard.

We extend our heartfelt congratulations to this month’s honorees and look forward to continuing this important dialogue on board recruitment and diversity.

Current Boards: VSP Vision, Old Republic International Corporation, and Atlas

Previous Boards: TalentGuard and Girl Scouts USA

Barbara Adachi

Barbara Adachi is the former chief executive and National Managing Partner at Deloitte Consulting’s Human Capital Consulting Practice. Prior to Deloitte, Adachi built and scaled highgrowth consulting practices in 3 other organizations from the ground up.

“I wish I had a tenth of Barbara’s radiant, positive energy. She is a team player who is always prepared, engaging, and thoughtful. Her insights and her initiative are definitely strengths. She goes above and beyond, and is the consummate professional in the board room.”

– LISA CALDWELL, Board Member at ORI

Renu Agrawal

Renu Agrawal is the former EVP & COO, Financial Institutions Group at Wells Fargo. Prior to Wells Fargo, Agrawal was the COO at ValleyCrest Companies [landscape services] and Quisic [educational technology]. Agrawal was at McKinsey and a scientist at Polaroid.

“Renu skillfully blends her insights, operational expertise, and empathy to help the Board and management move forward. She holds onto her curiosity even as she brings her knowledge to bear, moving from listening to leading as the situation warrants. She is a skillful, talented, and wonderful human being, and I feel very lucky to have the chance to work with her.”

– MARY DENT, Board Member at Woodruff Sawyer

“Renu has had a marked impact in shaping our board and on the company’s strategic direction. She plays a leadership role on the board, including being the chair of our audit and risk committee. Renu has a unique combination of strategic, financial and growth expertise and has been personally helpful to me as a thought partner.”

– ANDY BARRENGOS, Chairman and CEO at Woodruff Sawyer

Current Boards: Sunrise Produce Company and Woodruff Sawyer

Previous Boards: Luther Burbank Corporation and Allvue Systems

Old Republic International Proudly Congratulates

BARBARA ADACHI

On being selected as one of Board Recruitment’s “100 AAPI Board Members Making a Di erence”

We are honored to have Barbara on our board and appreciate her insightful leadership and thoughtful contributions that help guide Old Republic.

Barbara Adachi Board Member, Old Republic International Corporation

Current Boards: Sealed Air Corporation

Previous Boards: Ispat International NV

Zubaid Ahmad

Zubaid Ahmad is the Founder and Managing Partner of Caravanserai Partners LLC, a merchant banking boutique focused on corporate finance and sovereign advisory, strategic capital raising and private equity transactions. Prior to founding Caravanserai, Ahmad was a Vice Chairman of Citigroup’s Institutional Clients Group and managed a number of different businesses, including coverage of private equity firms, sovereign wealth and pension funds, as well as other types of alternative asset managers. Before Citi, Ahmad held a number of senior roles at Standard Chartered Bank, J.P. Morgan Securities, and Credit Suisse.

“Zubaid brings a wealth of experience in finance and investment banking, across developed and emerging countries. He is always generous of his time and network. He contributes to making our board better, by asking strategic and relevant questions, leading to good discussions and better outcomes. It is a pleasure to serve with him on the board of Sealed Air.”

– FRANCOISE COLPRON, Board Member at Sealed Air Corp

Deepak Ahuja

Deepak Ahuja is the Chief Business and Financial Officer at Zipline. Before joining Zipline, Ahuja was Chief Financial Officer of Verily Life Sciences as well as Chief Financial Officer at Tesla. Prior to Tesla, Ahuja held various leadership positions at Ford Motor Company.

“It is an honor to serve on the Board of NetApp with Deepak. I am a more recent board addition, but my time and engagement with Deepak have made a great impression. Deepak genuinely lives his values in all he undertakes, and his Board engagement is equally as significant, visionary, and innovative as the various leadership roles in his life. On NetApp’s Board, Deepak’s insightful guidance, integrity, commitment, and his highest standards of governance as audit committee chair have continued to steer NetApp towards success and growth. Deepak is an inspiration to countless young professionals and students throughout the AAPI community and the technology industry.”

– ANDERS GUSTAFSSON, Board Member at NetApp

Current Boards: NetApp

Current Boards: Sallie Mae, Southern Company, and averQ, Inc.

Previous Boards: Guindy College of Engineering North American Alumni and the Churchill Club

Janaki Akella

Janaki Akella is the former Digital Transformation Leader at Google. Prior to joining Google, Akella held a number of leadership positions during a 17-year career at McKinsey & Company, where she most recently served as Principal. Akella began her career at Hewlett-Packard.

“Dr. Akella was an important addition to the Southern Board particularly given her deep experience at the information technology frontier. As the company faces both risks and opportunities associated with cybersecurity and artificial intelligence, her knowledge in these domains has greatly helped the Business Security and Resilience Committee and the Board as a whole exercise its responsibilities. She is also a terrific colleague.”

– ERNEST MONIZ, Board Member

at Southern Company

Amer Akhtar

AmerAkhtaristheCEOatiTradeNetwork,aportfoliocompanyof RoperTechnologies,andaleadingproviderofsupplychain softwaresolutionsforthefoodandbeverageindustry.Priorto iTradeNetwork,Akhtarservedinmanysenioroperatingroles,most recently,astheCEOofCelential.ai,whichwasrecentlyacquired byWellfound.AkhtaralsoservedastheHeadofU.S.ofXPT,a divisionoftheelectricvehiclecompanyNIO.Akhtarhasalsoheld leadershippositionsatYahooandADP,whereheservedas PresidentofADPChinabasedinShanghai.

“Amer provides tremendous value in the boardroom. He asks strategic questions and leverages his operational expertise to really make an impact.”

–LAURENVACCARELLO,BoardMemberatThryv

Current Boards: Thryv

Current Boards: Omega Healthcare Investors, Inc. and Elanco Animal Health Incorporated

Previous Boards: Extended Stay America, Inc. and ESH Hospitality, Inc.

Kapila Anand

Before retiring from KPMG, Kapila Anand had a variety of leadership roles within the firm over 35 years as an audit signing partner and an advisory leader building several new growth businesses. Additionally, Anand was elected by her partners to the KPMG LLP Board and subsequently appointed as the Chair of the KPMG Foundation.

“Kapila is an outstanding board member who combines an excellent ability to attend to detail with the insight to focus on the most important strategic issues. Her contributions as Audit Chair are extremely valuable.”

– LISA EGBUONU-DAVIS, Board Member at Omega Healthcare Investors

“Kapila has established herself on our board as a leader and mentor with deep expertise and experience in financial services. As Audit Committee chair, she grounds the board and provides critical insights and guidance. As a founding board member, her knowledgeable, inclusive, under-stated style is a model for all of us.”

– DEBORAH KOCHEVAR, Board Member at Elanco Inc.

“Kapila joined the board of Elanco Animal Health in 2019. The company was separated from Eli Lilly that year. I am inaugural board chair. Kapila had served as our Audit Chair since. She is an outstanding professional and has led the Audit Committee extremely well. She is also a great director, bringing her vast experience and more importantly intellect, and tireless effort to making Elanco successful. Our board values her service and work with us very much. Dave Hoover, Board Chair Elanco Animal Health, Inc”

– DAVID HOOVER, Chair of the Board at Elanco Inc.

Shekar Ayyar

Shekar Ayyar is the chairman and CEO of Arrcus, Inc., a networking technology company. Before joining Arrcus, Ayyar was Executive Vice President and General Manager of the Telco and Edge Cloud business at VMware. Ayyar has held other leadership positions at BindView, Instantis Inc., and Lucent and McKinsey.

“Shekar is an amazing collaborator on the board. He’s willing to jump in and get engaged where needed. He is also wicked smart. He comes up with questions and insights as only a CEO on a board can.”

– SANDY CARTER, Board Member at Altair

Current Boards: Altair

Celebrating Dr. Janaki Akella

Sallie Mae congratulates Board Member Dr. Janaki Akella for being honored among the top "100 AAPI Board Members Making a Difference." Dr. Akella’s leadership, expertise, and perspective continue to help us deliver on our mission of powering confidence as students begin their unique journeys.

Learn how Sallie Mae® is improving diversity through higher education at salliemae.com

Current Boards: Lisata Therapeutics, DURECT Corporation, and Xenon Pharmaceuticals

Previous Boards: Sernova Corp., Astex Pharmaceuticals, and Intradigm Corporation

Mohammad Azab

Mohammad Azab is the former President and Chief Medical Officer at Astex Pharmaceuticals, a wholly owned subsidiary of Otsuka Pharmaceuticals. Prior to Astex, Azab was the President and CEO at Intradigm Corporation. Azab has held other leadership positions at QLT, Novartis Ophthalmics, AstraZeneca, Institut Gustave Roussy, and Sanofi-aventis.

“Mohammed is a highly effective director, combining his medical and scientific expertise with his considerable biotech investing and director experience. His knowledge of clinical trial design and strategy and deep knowledge of biotech investing gives the Lisata management team and the board the benefit of his sound advice and counsel as we move multiple clinical trials forward using our LSTA1 platform.”

– LISATA THERAPEUTICS BOARD OF DIRECTORS

Prat Bhatt

Prat Bhatt is the former SVP, Chief Accounting Officer at Cisco. During his 23 year career at Cisco, Bhatt held various leadership positions and led a global team of over 1,000 finance professionals covering all of Cisco’s businesses. Prior to Cisco, Bhatt was a financial executive at Kaiser Permanente and was also with EY in the assurance practice.

“Prat is a terrific director who brings insights to both strategic and operational topics. Prat’s broad and deep experience combined with his thoughtful approach enable him to ask great questions as well as provide potential approaches to challenging situations. We are very lucky to have him on the Board.”

– JUDY

BRUNER, Board Member at Seagate Technology

Current Boards: Seagate Technology, RingCentral, and Center for Audit Quality

Prama Bhatt

Prama Bhatt is the former Chief Digital Officer at Ulta Beauty. Prior to Ulta Beauty, Bhatt led teams at Toys R Us and Kenneth Cole, was a management consultant at Booz Allen and held several roles across product and powertrain strategy, design, and development at Ford Motor Company.

“Prama is absolutely our go-to expert regarding digital marketing. She is analytical, very organized, and knows what she’s talking about. Prama is very approachable, a very excellent colleague for those of us who are not as digitally-savvy. A wonderful member of our Board.”

– ELSA MURANO,

Board Member at Hormel Foods

Cheemin Bo-Linn

Cheemin Bo-Linn is the former CEO at Peritus Partners Inc. Prior to Peritus Partners, Bo-Linn was Vice-President at IBM Corporation and CMO & CRO at Netline. Bo-Linn has held other C-suite executive roles and as President for tech and software companies and Partner, M&A investment advisory firm.

“Cheemin has a wealth of board and professional experience to contribute to a board. She is a great contributor on governance. She is generous with her time and knowledge.”

– DALE ROBINETTE, Board Member at Flux Power

Current Boards: Blackline Safety, Kore Wireless, and Lake Resources

Previous Boards: BMCH/ Builders First Source, Flux Power, Data IO, NetLine, Sphere 3d, and Violin Memory

Current Boards: Hormel Foods

Jennifer Cabalquinto

Jennifer Cabalquinto is a strategic, business-centric CFO and board member. Cabalquinto has built, led, and optimized corporate finance functions within startups, turnaround, and rapid-growth companies, including Golden State Warriors Sports LLC, NBC Universal, Telemundo, and most recently, at 2K, a global developer and publisher of interactive entertainment for video game consoles, PC, and mobile devices.

“Jennifer is a great part of our team, she brings exceptional knowledge and experience to both the board and management. She communicates clearly and concisely in such a way that makes you want to listen. She sees the bigger picture and understands how important culture is to a growing business.”

– CARL FARRELL, Board Member at Sabio

Phyllis Campbell

Phyllis Campbell served as a Vice Chairman and Regional Chair of the Pacific NW for JPMorgan Chase from 2009-2023. Previously, Campbell was the President and CEO at The Seattle Foundation, the largest community foundation in the Pacific NW. Prior to that, Campbell served as the President and CEO of U.S. Bank of Washington for over 6 years.

“Phyllis’s career in the financial and banking world provides great depth and breath in her board contributions. Phyllis has an exceptional way of working with people to bring out the very best in each of us. She has the ability to drive and forge consensus from disparate entities.”

– Gen (ret) Raymond Johns, Board Member at ATSG

Current Boards: Remitly, Air Transport Services Group, and SanMar

Previous Boards: Nordstrom, Alaska

Air Group, Safeco Insurance, and Puget Sound Energy

Current Boards: American Century Investments, Sabio Holdings Inc., and IMG Academy

CONGRATULATES

Suja Chandrasekaran

on her recognition as one of the 100 AAPI Board Members Making a Difference

We are proud to celebrate Suja’s leadership and expertise in technology, business operations and retail. We are grateful for her inclusive mindset, passion for effective governance and commitment to advancing board representation. It is an honor to have Suja serve as an independent Director for AEO.

Current Boards: BT Group, Sage, United States Tennis Association, and Ontinue

Previous Boards: Avast

Maggie Chan Jones

Maggie Chan Jones is the founder and CEO of Tenshey, a tech-enabled executive coaching company that helps women advance into leadership roles within the company as well as the boardroom. Prior to founding Tenshey, she was the first woman to become global Chief Marketing Officer (CMO) at SAP, the world’s largest enterprise application software provider. Chan Jones has held other executive positions at Level 3 Communications and Microsoft.

“Maggie joined the Board of BT Group a year ago, bringing insight from a rich career in the tech sector, as well as the unique perspective of a start-up founder. She plays a key role on our Nominations Committee and Responsible Business Committee and is now leading an innovative approach to ensure the voices and views of colleagues are represented at the Board. This latter role is only made possible by the trust and respect that Maggie commands at all levels of our business. We are very proud to have her as part of our team.”

– ADAM CROZIER, Chair of the Board at BT Group

“Maggie has been an excellent addition to our Board. Her focus on asking thoughtful questions on culture, values and people ensures that we don’t get overly focused on the financial and operational aspects of our massive change agenda, without thinking through how we take our organization on the change journey. She has also been a breath of fresh air when taking on the role of Chair of our Colleague Board, to ensure the Board has access to, and is listening to, the broader employee population.”

– BT Group Board of Directors

Surjit Chana

Surjit Chana is a technology and digital transformation executive, board director, and Harvard Fellow. He has developed deep expertise in technology, strategy, general management, marketing, and governance over a 35-year global career. This includes roles as a senior IBM executive and a leader in the banking and nonprofit sectors. Chana’s prior roles include: Chief Operating Officer of IBM Digital, Chief Marketing, Communications, and CSR Officer for IBM Europe, Vice President of Solutions, Strategy, and CMO for IBM’s Systems Business.

“Surjit is a versatile and thoughtful member of our board of directors. His vast experience in technology and marketing well positions us with strategic expertise today and in the future. As a board colleague, Surjit is caring and approachable —his words come with impact, both admirable and respected.”

– ROSLYN DICKERSON, Board Member at Beneficial State Bank

Current Boards: Beneficial State Bank, Bancorp

Previous Boards: IBM’s Mid-Market Advisory Board, FinTech4Good, and the Global Digital Economy Leadership Council

Current Boards: American Eagle Outfitters, Brenntag SE, Cardinal Health, ATOS, Agendia and Pando.ai Previous Boards: Barry Callebaut and Blume Global Technologies

Suja Chandrasekaran

Suja Chandrasekaran is a global, operations, technology and P&L leader. Chandrasekaran was Chief Digital and Information Officer at CommonSpirit Health, Kimberly-Clark, Chief Technology and Data Officer at Walmart, SVP and Chief eCommerce and Technology Officer at The Timberland Company. Chandrasekaran also was the regional head of business transformation at Nestle SA.

“This recognition is a testament to Suja’s passion for corporate governance and her unwavering commitment to advancing board representation and effectiveness. Her thought leadership and deep expertise in technology, business operations and retail is unmatched. It is a pleasure to serve alongside Suja on AEO Inc.’s Board of Directors and to celebrate her well-deserved accomplishment.”

–

NOEL SPIEGEL, Board Member at American Eagle Outfitters

Amy Chang

Amy Chang was formerly the Head of Strategy and Investor Relations of publicly traded AMN Healthcare (NYSE: AMN) and was also a strategy consultant working with Fortune 500 clients. Chang is NACD Directorship Certified™️, and began her career as an auditor and CPA with KPMG after earning her BS and MBA degrees from UC Berkeley.

“Amy is a thoughtful, engaged and proactive Director. Early-stage, venture-backed software startups have volatile and irregular cadences so empathy, accountability, and patience at the Board level are key. Amy excels in all of these facets and is a real pleasure to work with.”

– BRANDON SHELTON, Board Member at CommSafe AI

“Amy has been an integral part of my startup journey. She has taught me early stage finance fundamentals as well as later stage problem solving that has been so vital to the growth of me as a founder and to my companies. Her knowledge of board law and operations is extensive and she’s an asset to any company‘s board of directors or advisors.”

– RACHAEL MCCRARY, Founder and CEO at Gather Labs

Current Boards: NuFund Venture Group, Sadiant Health, Gather Labs, CommSafe AI, and Talitha Coffee

Previous Boards: 18 Rabbits Organics, H20+, Mezzetta, and Yes To, Inc.

Joy Chen

Joy Chen is the founder and CEO at Pure Culture Beauty, a Techenabled personalized skincare company. Prior to Pure Culture Beauty, Chen was the CEO at H20+ Beauty and Yes To, Inc. Chen has held other leadership positions at The Clorox Company and started her career at Hewlett-Packard.

“Joy was a member of the Mezzetta Advisory Board 4/18-4/21. Joy always projected a very thoughtful approach to decision making. Her vast background and experience in Marketing and General Management made her a valuable contributor in Marketing and General Management discussions. Joy’s high level of interpersonal skills was a great asset in working with other Board members and the Leadership Team of Mezzetta.”

– JEFF MEZZETTA, President and CEO at MEZZETTA

Sharda Cherwoo

Sharda Cherwoo spent her nearly 40-year career at Ernst & Young LLP (EY) where she most recently, served as a Senior Partner and Intelligent Automation Leader. At EY, she had the unique opportunity to lead in each of EY’s BUs: Audit, Tax, Consulting and M&A. Cherwoo also was the architect and CEO of EY’s first offshore client-serving operations, and built several innovative billion dollar businesses from the ground up. She has been mentoring an award-winning generative AI start-up, and serves as an Executive in Residence at Columbia Business School. She has received several innovation awards for her leadership in intelligent automation.

“Sharda has the commitment to put an effort forward in the boardroom at Land O’ Lakes. She puts the time in prior to every meeting and comes prepared. Her comments or questions are well thought out and she brings so much to the discussions. Her questions are respectful yet challenging. I am so lucky to serve with her.”

– PAUL COPPIN, Board Member at Land O’ Lakes

“Sharda is a great board member for World Kinect, not just because of her financial and technical skills, but she is inquisitive, not afraid to ask hard questions, and brings a point of view to the table. She is also collaborative and ALWAYS has all of the stakeholders in mind when providing her point of view.”

– JILL SMART, Board Member at World Kinect Energy Services

Current Boards: The Carlyle Group Inc., World Kinect Corporation, and Land O’Lakes, Inc.

Previous Boards: Doma Inc. and World Quantum Growth Acquisition Corp.

Current Boards: Automation Anywhere, Arteris IP, and SiTime

Previous Boards: Xilinx

Raman Chitkara

From 1984 to 2018, Raman Chitkara worked at PricewaterhouseCoopers LLP, a public accounting firm, where he served in various capacities including as partner, global technology industry leader, and global semiconductor industry leader. During his tenure at PwC, Chitkara held numerous leadership positions, including membership of the audit quality board and leader of the global assurance technology, information, communication, entertainment, and media practice.

“Raman is a terrific director, bringing decades of experience in both the semiconductor industry and finance at the highest levels. He stands out in being extremely disciplined, accurate and sharp. He not only runs the company’s Audit Committee very well as its Chairman, but is an extremely valuable contributor in the Compensation Committee. He always puts the company and its governance first, and I truly enjoy him as a peer and friend.”

– TORSTEN KREINDL, Board Member at SiTime Corporation

“Raman is an outstanding Director, bringing years of experience in auditing and finance to our audit committee and board. He always asks insightful questions, is well respected by our management and board, and we all feel very honored to work with him.”

–KATHLEEN

HOLMGREN,

Board Member at Automation Anywhere

Emily Chiu

Emily Chiu is the Co-Founder and Chief Operating Officer of TBD, the developer platform and financial infrastructure business at Block, Inc. (NYSE: SQ). Chiu also serves as a member of the company’s “Core” executive team. Her previous executive roles at Block (formerly known as Square) include leading corporate development and new product innovation, for which Chiu was awarded a number of patents by the U.S. Patent and Trademark Office. Chiu built fintech businesses – including stock investing, broker dealer, and consumer lending platforms – at Cash App, which serves over 80 million consumers. Prior to this, Chiu was an education technology entrepreneur who led venture backed startups, recognized as “breakthrough models in college completion” by The Bill & Melinda Gates Foundation. Earlier in her career, Chiu worked in private equity investing and technology and healthcare investment banking at Goldman Sachs.

“Emily is a tremendous addition to the Justworks board. She brings a unique and creative perspective, pushing the board and the management team to consider challenges and opportunities in a new light. Emily is a big thinker, a hard worker and a joy to be around. We are so fortunate to have her.”

– ISAAC OATES, Founder & Executive Chair at Justworks

Current Boards: Justworks, Inc.

Previous Boards: Barnes & Noble

Education and Center for Creative Leadership

Current Boards: FranklinCovey, 3M, and CSX (Director Nominee)

Anne Chow

Anne Chow is the former CEO - AT&T Business, a $35B global operating unit serving business across all sectors with communications and networking solutions. Prior to serving as CEO, Chow held numerous leadership roles in her multi-decade career at AT&T across sales, marketing, product management, customer service, network engineering and more. Chow is currently Founder and CEO of The Rewired CEO, a firm focused on cultivating culture and connection, a Senior Fellow and Adjunct Professor of Executive Education at Northwestern Kellogg School of Management, and author of LEAD BIGGER: The Transformative Power of Inclusion due out in September by Simon & Schuster.

“Anne’s experience as a commercial leader, business operator and educator make her an invaluable member of the 3M board. She is generous with her time and perspectives on the drivers of growth - from talent diversity and communications to innovation and customer value. Her ability to challenge the status quo and bring people along is her overriding distinction.”

– SUZAN KEREERE, Board Member at 3M

Jigisha Desai

Jigisha Desai is the former EVP and Chief Strategy Officer at Granite Construction, a heavy civil infrastructure construction company. Desai also served as Granite’s Senior Vice President and Chief Financial Officer, Vice President of Corporate Finance, Treasurer & Assistant Financial Officer, and in other financial management roles.

“She is knowledgeable in the construction field and comes to all board meetings prepared to discuss the agenda”

– RAY ONEGLIA, Tutor Perini Corporation

Current Boards: Tutor Perini Corporation, 1st Capital Bank, and Central State Inc.

Previous Boards: QualTek Services and Elementus Rare Earth and Minerals

Evelyn Dilsaver

A CPA at Ernst, Evelyn Dilsaver spent the first 17 years of her career in the audit and finance function as Controller for a bank and for Charles Schwab and as CFO and Chief Administrative Officer for U.S. Trust, a wealth management firm. Dilsaver was given the opportunity to hone her skills in marketing, business development, strategy, M&A and product development, culminating in the role of EVP of Charles Schwab, member of the Management Committee and President and CEO of Charles Schwab Investment Management.

“It is a pleasure to work with Evelyn at HQY. A rigorous “financial expert” and past Chair of Audit, Risk and Compliance, she nevertheless always takes a holistic perspective on a company’s performance and ambitions. As Chair of Nominations, Governance and Corporate Sustainability, she consistently advocates for the benefits of diverse perspectives and talent to achieve sustainable, superior performance. Evelyn is a role model for us all.”

– ADRIAN DILLON, Board Member at Health Equity

David Eun

David Eun is the former President and Chief Innovation Officer at Samsung Electronics. Prior to Samsung, Eun held various leadership roles at the nexus of media, technology and consumer services at: Time Warner, AOL, and Google, where he led the post-acquisition integration of YouTube and served on the first Executive management team that led YouTube from a 36 person startup to a pioneering global business.

“David, our newest director, has already had a significant impact on our board deliberations. While his strong technology background brings expertise that all boards must have today, his low-keyed and logical approach to problem solving is what really sets him apart. David has been an important addition to our board.”

– STEVEN SHEPSMAN, Board Member at Howard Hughes Holdings, Inc.

Current Boards: Howard Hughes Corporation

Current Boards: Tempur Sealy, Health

Equity, QuidelOrtho, Protiviti, and Bailard

Leading us to a bright future

Our leadership is instrumental in helping us achieve our long-term objectives, including advancing equity within our company and the communities we serve.

Congratulations to Dr. Janaki Akella on being selected as one of the “100 AAPI Board Members Making a Difference” by Board Prospects. We are inspired by your passion and commitment to fostering growth and opportunity.

Dr. Janaki Akella Board of Directors, Southern Company

©2024 Southern Company

Duriya Farooqui

Duriya Farooqui is an accomplished executive with over two decades of experience in economic development, operational excellence and business transformation. Farooqui has served in a variety of leadership roles across the public and private sectors, including Chief Operating Officer for the City of Atlanta and President of Supply Chain Innovation at Georgia Pacific. Farooqui also has extensive experience guiding Fortune 500 companies as a leader, board director and executive coach. Farooqui co-chairs the NYSE Board Advisory Council of CEOs advancing diversity on corporate boards.

“Duriya is a strong contributor to the board, not only in her work leading ‘Voice of Employee’ but also in her incisive strategic questions. Her perspectives on culture, value creation and ESG have been particularly insightful.”

–

DANIELA BARONE

SOARES, Board Member at Intercontinental Hotels Group Plc

“The opportunity to work alongside Duriya as an ICE board member has been an honor and a true pleasure. Her insights, curiosity and intellect are highly valued, and her counsel is always well-considered. With over two decades of experience in international policy, economic development and business transformation, as well as a deep understanding of supply-chain innovation and market dynamics, Duriya is an incredible asset to the Board.”

– SHARON BOWEN, Board Member at Intercontinental Exchange

Current Boards: Power Integrations, Inc. and Silvaco, Inc.

Previous Boards: Exro Technologies, Inc.

Boards: Intercontinental Exchange, NYSE, and InterContinental Hotels Group

Anita Ganti

Anita Ganti, an Executive and Independent Board Member at Technology Companies. She served as Senior Vice President of Product Engineering Services at Wipro Limited, a leading global information-technology, consulting and business-process services company. Previously, Ganti held roles as Vice President of Global Technology at Flex Ltd. and Business Unit General Manager at Texas Instruments. Currently serving on the boards of directors of Power Integrations, Inc., Exro Technologies, Inc., and Silvaco, Inc., Ganti combines her extensive experience with an MBA (Finance Major) from The Wharton School and an MSEE from Virginia Tech to deliver exceptional value to organizations.

“Anita hit the ground running upon joining our board and immediately leveraged her deep and broad knowledge/experience to engage in advancing strategy, achieving performance milestones and assisting develop a technology roadmap. She is inquisitive and asks questions in a curious and respectful manner, always seeking to understand before sharing her ideas and thoughts on a topic.” – ROD COPES, Chair of the Board at Exro Technologies

Current

Shikhar Ghosh

Shikhar Ghosh is a Professor of Management Practice at the Harvard Business School. Ghosh has been on the faculty since August 2008 and is Co-Chairman of the Rock Center for Entrepreneurship at Harvard University. Ghosh is the former CEO of Risk Syndication at Keller Group. He also served as the CEO at Verilytics Technologies and Appex Corp. Prior to that, Ghosh served in various positions with The Boston Consulting Group.

“Shikhar brings a deeply respected and knowledgeable voice to the WEX boardroom, based on his experience as a successful entrepreneur, technology thought leader and academician. With humor, collegiality and a clear sense of business purpose and responsibility, Shikhar inspires the WEX management team and board to think—and act—boldly.”

– DERRICK ROMAN, Board Member at WEX

“Shikar is a founding Board Member at WEX. Throughout his tenure, I’ve been consistently impressed by his ability to appropriately push boundaries, while at the same time upholding good governance standards. His unique blend of visionary thinking and deep knowledge of cutting edge technology challenges us to reimagine our processes in light of the changing external landscape, ensuring that WEX stays ahead of the curve. He has solidified himself as an invaluable member of the WEX Board and we’re thrilled to celebrate this honor with him.”

– MELISSA SMITH, Chair, Chief Executive Officer, and President at WEX

Sejal Gulati

Sejal Gulati is the former Chief Growth Officer at NOW, a B2B payments start-up that helps businesses accelerate invoice payments. Prior to NOW, Gulati was the Senior Vice President and Growth Leader at Genpact Limited, a NYSE-listed global services firm focused on delivering digital transformation for hundreds of Fortune 500 companies. Gulati has held other executive positions at American Express, EZETAP, and Time, Inc.

“Sejal is a great example of the new breed of director who qualifies to serve on our audit and compensation committees while adding significant value to the board in “big picture” international strategy. She has the depth of experience through significant leadership roles in non profits as well. We view her as an outstanding recent addition to the VPG board.”

– JANET MORRISON CLARKE, Board Member at Vishay Precision Group

Current Boards: Wex, Inc.

Current Boards: Vishay Precision Group, Inc.

Current Boards: Enact Holdings, Inc. and Alera Group, Inc.

Previous Boards: ScION Tech Growth I and II, Mutual of Omaha Insurance Company, ProSight Global Inc., and Virtus Investment Partners

Sheila Hooda

Sheila Hooda is CEO & President at Alpha Advisory Partners, an advisory firm providing strategy, M&A & turnaround advisory services for Financial & Technology services firms. Prior to Alpha Advisory Partners, Hooda was the Global Head of Strategy and Business Development at Thomas Reuters. Hooda has held other executive positions at TIAA, Credit Suisse Investment Bank, Bankers Trust, McKinsey & Company, and American Express Bank.

“Sheila’s significant experience and expertise as both a business leader and a board member have been tremendous assets to Enact in their first years as a publicly-traded company. I’ve found her to be incredibly sharp, very hardworking, and a consummate team player, all of which contribute to a strong sense of collegiality among the directors.”

– TOM MCINERNEY, Board Member at

Enact

Sam Hsu

Sam Hsu is the Executive Vice President of Strategic Planning at Ecolab Inc., a global sustainability leader offering water, hygiene and infection prevention solutions and services that protect people and the resources vital to life. Hsu has held other leadership positions with Ecolab since 1996, most recently serving as executive/senior vice president for Ecolab’s Global Services Business Sector from 2012. Prior to joining Ecolab in 1996, Hsu was employed by Merrill Lynch Asset Management and the Ministry of Health in Taiwan.

“Sam has consistently demonstrated his thoughtfulness and inquisitiveness as a board member of Fastenal. He skillfully navigates complex discussions by posing insightful and challenging questions to management, always maintaining a respectful tone. His expertise in strategy and international operations is apparent, enriching our meetings with valuable perspectives and real-world examples.”

– SARAH NIELSEN, Board Member at Fastenal

Current Boards: Fastenal Company

Ann Kono Board of Directors at Sabra Health Care REIT

Current Boards: The Honest Company and American Ballet Theatre

Previous Boards: Pulmonx Corporation

Alissa Hsu Lynch

Alissa Hsu Lynch is the former Global Head of MedTech Strategy & Solutions at Google Cloud. Previously, she was Vice President at Johnson & Johnson and led multi-billion-dollar businesses in both the MedTech and Consumer sectors. She held various leadership positions during her time at Johnson & Johnson, including Vice President of Medical Devices EMEA, Vice President of Consumer Sales Strategy & Operations, and Global Marketing Director. Your purpose-driven and people-centered mindset, alongside your deep expertise in the consumer goods space, has added invaluable strength to our board. We thank you for your leadership and unwavering commitment to helping us continue our mission to challenge ingredients, ideals, and industries through the power of the Honest brand, the Honest team, and the Honest Standard.”

“Alissa has been a fantastic addition to the Honest Company Board, her unique understanding of our categories has been value added from day one.”

“Alissa is a great director, bringing decades of experience in leadership and development at the highest levels. Alissa is a thoughtful contributor to the culture of the board, and the mission and values of the company. She stands out as measured and sharp: asking very relevant questions at the right level of abstraction, resulting in productive discussions. We are truly fortunate to have her voice.”

– TIFFANY SULLIVAN, Board Member at Pulmonx

Priscilla Hung

Priscilla Hung is the Senior Advisor at Guidewire, a cloud-based solution for the P&C insurance industry. Hung was formerly the President and Chief Operating Officer where she oversaw Guidewire’s worldwide operations. Since 2005, Hung led Guidewire over multiple stages of growth, from a venture-backed startup to a successful public company. Prior to Guidewire, Hung served in leadership positions at Ariba, Sun Microsystem, Uniface, Pyramid, and Oracle.

“Priscilla brings a refreshing perspective and voice to our board. She has a great breadth of operational experience and in the boardroom she uses it to make the discussions richer.”

– VEEVA SYSTEMS BOARD OF DIRECTORS

Current Boards: Veeva, Ethos, Waystar, and Cornell University Engineering College Council

Previous Boards: Trov, ContractRoom, and Vonage

– THE HONEST COMPANY BOARD OF DIRECTORS

– JAMES WHITE, Chair of the Board at The Honest Company

Current Boards: Realty Income Corporation, NMI Holdings, Inc. Woodruff Sawyer, and Long Term Stock Exchange

Previous Boards: Anzu SPAC 1, Silicon Valley Directors’ Exchange, and QBIS Insurance Solutions, Inc.

Priya Cherian Huskins

Priya Cherian Huskins is a Partner at Woodruff-Sawyer & Co., a commercial insurance brokerage firm. Cherian Huskins is a nationally recognized expert on D&O risk and its mitigation, including through corporate governance. She has appeared on CNBC and been quoted in publications including the Wall Street Journal, the New York Times and the Financial Times. Prior to joining Woodruff-Sawyer & Co., Cherian Huskins served as a corporate and securities attorney at the law firm of Wilson Sonsini Goodrich & Rosati.

“Priya is a thoughful, impactful leader in the Boardroom. she brings a unique perspective, delivered thoughtfully but unequivocally.”

– GERRY LOPEZ, Board Member at Realty Income

Faye Iosotaluno

Faye Iosotaluno is the CEO at Tinder. Prior to this role, Iosotaluno was COO, where she led the company’s major business and support areas, member experience, people, business development, strategy, finance, analytics, marketing, and international operations. She joined Tinder after five years at Match Group, where she most recently served as Chief Strategy Officer, overseeing corporate strategy, consumer research, and new business growth for the global portfolio while also driving revenue and growth at Tinder. Prior to Match Group, Iosotaluno spent 15 years working to build and grow premier digital consumer services and brands at SoundCloud, Viacom Media Networks, Warner Bros. and Time Warner in various leadership roles.

“It has been a pleasure serving on a board with Faye. Not only does her calm demeanor keep sometimes tense moments light, she is also adept at asking the right questions at the right moments. Faye reflects the true meaning of diversity, in that she brings a different lens to the needs of our industry, which really helps broaden the discussions.”

– BRENDAN HARRINGTON, Board Member at TrueCar

Current Boards: TrueCar

Sanjay Kapoor

Sanjay Kapoor is the former Executive Vice President and CFO at Spirit AeroSystems, Inc. Prior to joining Spirit AeroSystems, Kapoor spent more than two decades with industry-leading defense and aerospace companies Raytheon and United Technologies. At Raytheon, he led the Integrated Air and Missile Defense Systems business unit which included the Patriot and Hawk programs. Earlier Kapoor served as the Division’s Chief Financial Officer, providing leadership across the United States, Germany, Australia and the Middle East.

“Sanjay is an outstanding Director and Chairman of the Audit Committee. He brings a wealth of financial experience in industries that are directly relevant to Black & Veatch. Through his extensive public company experience he is able to share an expanded perspective on many of the issues that we address. Furthermore, his questions, insights and contributions are instrumental in enhancing the depth of the discussion in our board meetings. As an Audit Committee Chair, Sanjay leads the meetings in a manner that ensures that the committee effectively discharges it’s responsibilities, and provides the board that we are in safe hands. He always asks questions of the external auditors, internal auditors, and management that provide the assurance that all financial matters have been appropriately addressed. Most importantly, he is a careful listener, picking up on the critical elements of our discussions, effectively summarizing those elements, and helping the board arrive at the best possible outcomes.”

- ANDREW MCMASTER, Board Member at Black & Veatch

Sabrina Kay

Dr. Sabrina Kay is the CEO of Fremont Private Investments and a Strategic Partner at VSS Capital Partners. As an expert in technology and digital transformation, talent management, and governance, Kay was the Founder and CEO of Fremont University, CEO of Dale Carnegie Los Angeles, and Founder and CEO of the California Design College/Art Institute of Hollywood. She was also the Co-Founder and Vice-Chair of Premier Business Bank, which subsequently merged with First Foundation Bank.

“Sabrina is deeply committed to East West’s mission and the interests of our shareholders, employees, customers and clients, and communities. She brings diverse experience, entrepreneurial instincts and a forward-thinking approach to our board work, focused not just on challenges and risks, but on opportunities for growth, relationship development, and competitive advantage.”

– PAUL IRVING, Board Member at East West Bank

“Sabrina brings a high level of energy and enthusiasm to the board room. Leveraging her vast network of business contacts, educational pursuits, and entrepreneurial experiences, she is able to offer creative solutions to a wide variety of strategic and operational issues. Sabrina’s unique perspective often contributes to a robust discussion with her board colleagues and senior management.”

– LESTER SUSSMAN, Board Member at East West Bank

Current Boards: East West Bank, Hagerty and MannKind

Previous Boards: Yellowbrick, Galvanize, Petersen Automotive Museum, LA Sports and Entertainment Commission, International Medical Corp, Chair of After School All Stars, LA Planning Commission, Golden State Scholarshare Commission, and Getty House Foundation

Current Boards: Crane Co., Black & Veatch, and Saab Inc.

congratulates Michelle Lee on being selected by BoardProspects as one of the 100 AAPI Board Members Making a Difference.

Asha Keddy

Asha Keddy is the CEO at Henna Business Services, a Consulting, Strategy, and innovation company focused on Private Market and Startups. Keddy served for more than 23 years in various roles at Intel Corporation, most recently serving as the Corporate Vice President and General Manager, Next Generation Systems and Standards.

“Asha has been a tremendous asset to our Board with her impressive technical background and in-depth insight into the wireless industry across the entire ecosystem. She brings a unique perspective to the dynamic environment in which Smith Micro Software operates and has been a significant asset to both the Board and management of the Company. Her thoughtful, collaborative approach to evaluating and adjudicating board matters is greatly valued and appreciated.”

– BILL SMITH, CEO and Chairman at Smith Micro Software

Previous Boards: CTIA, Wi-Fi Alliance, and 5GAmericas

Ann Kono

Prior to her work on public and private boards, Ann Kono was the Chief Information and Risk Officer at Ares Management LLC (NYSE: ARES). Kono joined Siepe, LLC, a private fintech platform as an independent director in July 2022, and has also served on the boards of Sabra Healthcare Real Estate Investment Trust (Nasdaq: SBRA), Treehouse Real Estate Investment Trust, and the Stable Road Acquisition Corporation (SPAC) (Nasdaq: SRACU) boards. Kono is passionate about early education and advocacy and is the Co-Founder of TeachAAPI. Kono has been featured in Forbes as a high impact CIO and has been invited to Fortune’s Most Powerful Women’s Conference.

“Ann is a terrific board member. She is thoughtful, insightful and smart. She always adds a unique and relevant perspective to any substantive discussion and she is a joy to work with.”

– CRAIG BARBAROSH, Board Member at Sabra Health Care REIT

Current boards: Sabra Health Care REIT, Inc. and Siepe

Previous Boards: Stable Road

Acquisition Company, Treehouse Real Estate Investment Trust, Inc.

Current Boards: Smith Micro Software, Inc.

Meena Krishnan

Meena Krishnan is the Founder and CEO at Inoventures, LLC, and SciMetrika LLC focusing on Public Health utilizing advanced technologies. Prior to Inoventures, Krishnan held various senior leadership positions at Verizon and she was the Vice President, managing Global operations at INDUS Corporation, a technology company providing business analytics. Krishnan is the Chairman of Save A Child Now, an award-winning organization that serves underprivileged children both in the USA and overseas.

“Working alongside Meena Krishnan as a fellow board member at FVC Bank has been an inspiring journey marked by her unwavering commitment to innovation and community impact. With over three decades of experience spanning government contracting and corporate leadership, Meena’s strategic prowess and dedication to excellence shine through in every endeavor. Her tireless efforts, coupled with her extensive accolades as a business leader, make her an invaluable asset, driving both organizational success and societal change..”

– MARC DUBER, Board Member at FVCBank

John Kuo

John Kuo is the former Chief Legal Officer of Visby Medical, a VC-funded molecular diagnostics company. Before that, Kuo was SVP and General Counsel of Varian Medical Systems, a leading cancer therapy company, and Asia Pacific Legal Director at 3Com Corporation. Kuo brings 30+ years of experience helping companies grow in highly regulated industries, expand internationally and access new markets, scale global teams and operations, and navigate highly visible crisis events.

“It has been a pleasure to be on the board of Mirion Technologies with John. His broad experience in finance complemented by his collaborative approach to problem solving make him an ideal advisor to management and valuable board colleague. In addition to his board participation, John’s strong sense of good governance has played a solid leadership role for his fellow board members.”

– ROBERT CASCELLA, Board Member at Mirion Technologies

Current Boards: Mirion Technologies and Amani Public Charter School

Current Boards: FVCbank

Current Boards: Magnite and Porch Group

Previous Boards: Innovid, Telaria, Mashable, Kamcord, Simulmedia, Inc., Crowdstar, iSocket, Maker Studios Inc., Bluefin Labs, ScanScout, and Mediavast Inc.

Rachel Lam

Rachel Lam is Co-founder and Managing Partner of Imagination Capital, an early-stage venture fund based in NYC targeting seed and Series A investments. Previously, Lam founded the Time Warner Investments group in 2003, and was head of the strategic investing arm of Time Warner Inc. for 14 years. Before returning to Time Warner in 2001, Lam worked in venture capital and private equity at Quetzal/Chase Capital Partners, and at CSFB Equity Partners. Prior to that, she was Director, Office of the President at Time Warner Inc. Lam spent several years in investment banking, focusing on the media sector at Credit Suisse First Boston and on mergers and acquisitions at Morgan Stanley.

“Rachel’s remarkable contributions to Magnite’s board stem from her intelligence, collaborative approach, and strategic prowess. Her valued insights fuel our collective success, setting a standard for excellence and innovation in board governance.”

– PAUL

CAINE, Chair of the Board at Magnite

“Rachel Lam is a model director. The entire board and leadership team value Rachel for her ability to go deep on multiple areas, challenge our thinking, and reorient us towards the key issues at hand. She also consistently contributes to a collaborative and optimis-

– CAMILLA VELASQUEZ, Board Member at Porch Group

Gloria Lee

Gloria Lee is the Client Relations Partner and Chief Business Development Officer for Rutan & Tucker, LLP, one of California’s largest full-service law firms. Lee is also the Co-Founder of biotech manufacturing company Kwell Laboratories and a Venture Partner for Ethos Fund where she helps invest in and advise early stage tech start-ups in the U.S. and Southeast Asia. Lee graduated from Stanford University with two BAs and a Masters Degree in 4 years.

“Gloria brings a creative, entrepreneurial perspective to our boardroom, along with knowledge of our customers. She works hard and is always well-prepared. Importantly, she can ask tough questions in an engaging, effective manner.”

– DAVID ROSENBLUM, Vice Chairman at Hanmi Bank

“Gloria brings a unique mix of business development experience and legal acumen to the Hanmi board. Her varied experience spans real estate transactions, start-up ventures, marketing and strategy work, all of which inform her fresh perspectives in board discussions. In addition, we also benefit from Gloria’s long-time dedication to working with nonprofits with a particular focus on diversity and underserved communities – core values that align with Hanmi’s history.”

– JOHN AHN, Chair of the Board at Hanmi Bank

Current Boards: Hanmi Bank and

Council of Korean Americans

Previous Boards: Asian Americans

Advancing Justice - LA

Current Boards: Belden, Synaptics, and Commvault

YY Lee

YY Lee served as Chief Strategy Officer of Anaplan through the company’s IPO growth phase. Previously, Lee was CEO at FirstRain Inc. through its acquisition by Ignite Technologies, and held executive and product leadership positions with Cadence Design Systems, Aqueduct Software, Synopsys Inc., 8x8 Inc. and AT&T Bell Laboratories. Lee holds a Bachelor’s degree in Mathematics from Harvard University.

“Serving as a fellow board member with YY these past 5 years has been a real honor. She has the perfect balance of listening to and appreciating the role of management while being able to question and challenge, leading to a better outcome for all. She has a very keen technical, operations and human capital awareness, which is coupled with a direct communications style that people enjoy engaging with. Lastly her intentions are always so unmistakably about understanding what is best for the organization and our share holders.”

– NICK ADAMO, Chairman of the Board at Commvault Systems

Michelle Lee

Michelle Lee is founder and CEO at Obsidian Strategies, an AI strategy consulting firm. Lee recently served as a senior executive and Vice President (AI) at Amazon Web Services. Prior to Amazon, Lee was the presidentially-appointed Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office. Before public service, Lee was an executive at Google, serving as Deputy General Counsel and Head of Patents and Patent Strategy, and before that, a partner at Fenwick & West.

“Michelle brings highly valuable technology expertise to our Board along with balanced judgment and a very diverse set of business experiences. She asks direct, probing questions, and readily offers her point of view, but always in a constructive, collegial manner.”

– WILLIAM SPITZ, Board Member at MassMutual

Current Boards: Unity and MassMutual

Previous Boards: alarm.com and Nauto

Current Boards: ServicePower, Semtech, Knowles Corporation, and PDF Solutions

Previous Boards: CTS Corporation and Zadara Storage

Jane Li

Jane Li is a Strategic Advisor and Operating Partner at Diversis Capital, an operationally-focused private equity firm. Prior to Diversis, Li was the Chief Operating Officer at Huawei Enterprises US, a company that markets IT products and solutions to data centers and enterprises. Li has held other leadership positions at Fujitsu Compound Semiconductor Inc, NeoPhotonics, Novalux, and Corning Incorporated.

“Jane has been a member of our Board since 2016. She has participated in or led all our committees including, at critical times, special committees. Her combination of personal and executive leadership, international experience, interpersonal skills, and dedication makes her a very effective Board member, who is well regarded by all her peers. Jane’s recognition by Board Recruitment is well deserved and her fellow Directors and I applaud her selection.”

– ROCKELL HANKIN, Chair of the Board at Semtech

“Jane has a great mix of intellectual depth, focus, humor, and candor. She always expresses her curiosity and asks insightful questions, while practicing respectful dissent. Jane is committed to her role and the company, putting governance first. It is an extreme pleasure to know Jane and I truly enjoy her as a peer and friend.”

– PAULA LUPRIORE, Board Member at Semtech

Don Liu

Don Liu is the Executive Vice President and Chief Legal & Compliance Officer at Target Corporation. Prior to joining Target, Liu served in diverse leadership roles at major US corporations including working across multiple business sectors and functional areas at Xerox as Executive Vice President, General Counsel and Corporate Secretary; at Toll Brothers as Senior Vice President, General Counsel and Chief Compliance Officer; at IKON Office Solutions as Corporate Compliance Officer and Chair of IKON Diversity Council; and at Aetna U.S. Healthcare as Deputy Chief Legal Officer. Prior to becoming in-house counsel, he served as an associate at two New York City law firms specializing in securities and M&A.

“Don is a thoughtful and highly engaged director. His keen legal and governance perspective, coupled with his strong corporate business acumen, provide the perfect guidance in today’s complex marketplace. He is a collaborative and enjoyable colleague to work with.”

– KATHARINE KELLEY, Board Member at Invesco Mortgage Capital

“Don is a superb director. He combines technical knowledge with an extremely agreeable way of interacting with fellow directors and management. He asks questions the answers to which are illuminating for both the board and management. His legal and large company experience brings a very useful perspective to board proceedings.”

– DENNIS LOCKHART, Board Member at Invesco Mortgage Capital

Current Boards: CEVA, Inc. and Foundation of City College of San Francisco

Jackie Liu

Jackie Liu is a Senior Corporate Partner at Morrison & Foerster LLP since 1998. With over 25 years’ experience, Liu advises public companies on high stakes M&A transactions, and guides boards through corporate governance matters involving corporate control, stockholder activism, regulatory scrutiny, succession planning and management conflicts.

“I am really glad to see Jackie in this list of People Making a Difference. Jackie certainly does it! She is very engaged, bringing light and expertise to discussions on governance, legal and trading. Being curious and very smart, she always contributes quality ideas to business decisions. Her kindness and respect to others makes working with her a joy.”

– MARIA MARCED, Board Member at CEVA

“Jackie is a highly respected director with extensive legal expertise and global business acumen that is invaluable at board level for publicly traded companies. In the boardroom, her unique perspective and astute contributions consistently enhance the decision-making process, leading to informed and strategic outcomes.”

– PETER MCMANAMON, Chair of the Board at CEVA

“With Jackie on our Board we have a true professional with an international reach. She adds quality to the Board’s decisions through her vast corporate governance experience and by guiding us in the fast-changing international business environment. And last, her personality clearly contributes to the good working spirit of our Board.”

– SVEN-CHRISTER, Board Member at CEVA

Sonia Lo

Sonia Lo is the Managing Director of Chalsys Impact, LLC. Prior to Chalsys Impact, LLC, Lo was the former Chief Executive Officer at Unfold Bio, Inc. She currently serves on three boards, emphasizing regenerative agriculture, carbon reduction in farming and manufacturing, and initiatives promoting food as medicine.

“Sonia has brought terrific balance, collaboration and insight to the urban-gro board. She is a strong thought leader who has drawn on her past experience as a board member and CEO to advance the organization.”

– URBAN-GRO INC. BOARD OF DIRECTORS.

Current Boards: Griffith Foods International, Urban-Gro, and Hart Dairy

Current Boards: eBay, Turo, and Sundance Institute

Shripriya Mahesh

Shripriya Mahesh is the Founding Partner at Spero Ventures.. Prior to Spero Ventures, Mahesh spent several years at eBay in various roles and also served as the leader of product at the fintech startup NextCard.

“As an independent board member at Turo, Shripriya provides a depth of marketplace, management and product insights that support key strategic decisions for the company. She is very sharp and insightful to recognize what’s important and filter out the noise of a highly complicated business. She provides a unique perspective that both the board and executive management respect.”

– HOWARD HARTENBAUM, Board Member at Turo

Bobby Majumder

Bobby Majumder is a Partner and Head of the India Practice at Frost Brown Todd. Majumder has over 25 years of experience, specializing in the energy, healthcare, and information technology sectors– advising on domestic and cross-border public offerings, mergers & acquisitions, and private equity transactions.

“Bobby Majumder’s tenure as a board member at Bluerock has been nothing short of exemplary. Professionally, his insights and legal expertise have been invaluable; personally, we have forged a dynamic partnership marked by mutual respect and appreciation. Bobby’s integrity, commitment, and unwavering support have consistently elevated our endeavors at Bluerock, making him an indispensable asset to our team.”

– ROMANO TIO, Board Member at Bluerock

“When I joined the board of Bluerock I was the only woman and I was nervous about how the rest of the board would treat me. Bobby was the most welcoming. He was genuinely excited to hear what I had to say and always made me feel valued. He is extremely intelligent and his curiosity and passion for his work and his family are always front and center.”

– ELIZABETH HARRISON, Board Member at Bluerock

Current Boards: Bluerock, Total Income + Real Estate Fund, National Association of Corporate Directors (NACD), North Texas Chapter, and Energy & Mineral Law Foundation

Previous Boards: Bluerock Residential Growth Trust, Inc. and e-Docs.MD, Inc.

Current Boards: Carnival Cruise Line, State Street, and Dropbox

Previous Boards: Freddie Mac, Xos Inc., Avon, Zurich Insurance Company Ltd, Campbell Soup Company, Shire Plc, NextGen Acquisition Corporation, and Reckitt Benckiser Group plc

Sara Mathew

Sara Mathew is the former Chairman and Chief Executive Officer at Dun & Bradstreet Corporation. Prior to Dun & Bradstreet, Mathew was the VP at Procter & Gamble. Mathew has an extensive finance, tech, and corporate strategy background, paired with 18 years leading international consumer-focused companies and transformative projects.

“Sara is unselfish in sharing her broad insights, financial prowess and expertise with the board and other members. Her preparation and attention to detail followed by insightful questions and challenges always adds to the overall strong effectiveness of the Board. Additionally she always seems to be very much on point with the observation needed to move the needle forward and is always willing to coach a fellow director and share her vast and deep knowledge. The States Street board is very fortunate to be able to count on her leadership, wisdom, integrity and expertise.”

– Julio Portalatin, Board Member at State Street

“Few individuals have the breadth and depth of global experience Sara brings to the table, which allows her to analyze issues from multiple angles and connect the dots in truly strategic ways. Sara challenges our assumptions and pushes us to develop fresh viewpoints, ultimately leading to better decision-making for our company.”

– Josh Weinstein, President, CEO & Chief Climate Officer at Carnival Corporation & plc

Mani Mohindru

Mani Mohindru is the former Chief Executive Officer of Novasenta. Prior to Novasenta, Mohindru was CEO at CereXis, Inc. Before her C-suite roles at public biotechs (CARA, CRIS), she accumulated extensive experience as an equity research analyst at UBS, Credit Suisse specializing in the biotech sector.

“I have had the pleasure of serving on a board with Mani for the past several years. She has always been a strong voice in our discussions, leveraging her CEO, development, financial and communications expertise to address business issues at hand. She is an active, engaged board member, with great insight to bring to the team, and she does so with clarity, with relevance and with recommendations that can be applied to the company.”

– RENEE TANNENBAUM, Board Member at Cardiff Oncology

Current Boards: Cytom X Therapeutics and Cardiff Oncology

Previous Boards: SAB Biotherapeutics

Current Boards: Unilever, Mastercard, Warby Parker, and Sweetgreen

Previous Boards: Rakuten and Avid Technology

Youngme Moon

Youngme Moon is the Donald K. David Professor of Business at Harvard Business School. Prior to Harvard, Moon was a professor at Massachusetts Institute of Technology. Moon’s career navigates the crossroads of business, branding, and culture, having published and sold over two million case studies on companies such as Uber, Starbucks, and Ikea.

“Youngme is smart, thoughtful and hard working as a board member. Works well with others and seeks to understand every point of view.”

– STRIVE MASIYIWA, Board Member at Unilever

Raj Mukherjee

Raj Mukherjee is EVP & General Manager of Employer R&D at Indeed. Prior to Indeed, Mukherjee served as SVP Product at GoDaddy, overseeing strategy and market entry in telephony and communications. Mukherjee began his career in product management at Microsoft and Google.

“As a new board member Raj came up to speed quickly and had a material effect on our platform strategy and employee compensation. In short, Raj is an impact player.”

–

CARL RUSSO, Chair of the Board at Calix

Current Boards: Calix and AppSumo

CSG thanks Raj Naik for his board leadership and helping all 6,000 CSGers around the world envision, invent and shape a more future-ready industry.

Current Boards: Security National Financial Corporation

Alexandra Mysoor

Alexandra Mysoor is the Co-Founder at Alix. Additionally, Mysoor has chaired Mysoor Industries since 2005, spearheading the launch and expansion of numerous thriving consumer brands across various channels. This has contributed to the transformation of Mysoor Industries into a multinational leader.

“Alexandra’s selection as one of 100 AAPI Board Members Making a Difference underscores her remarkable accomplishments. With over two decades of trailblazing innovation and successful brand scaling, Alexandra has cemented her reputation as a leader in business. Alexandra’s impressive professional journey, coupled with her commitment to improving family experiences through Alix, makes her a standout choice.”

– THE BOARDPROSPECTS TEAM

Rajan Naik

Rajan Naik is the Chief Strategy Officer at Motorola Solutions. Prior to joining Motorola Solutions, Naik was the Chief Strategy Officer at Advanced Micro Devices and Partner at McKinsey & Company.

“Rajan is an amazing Board member to work with. I serve on the same committee with Rajan, he always brings his unique insights and asks thoughtful questions to bring clarity and enables deeper discussions on key topics. With Rajan, we can advance our agenda and arrive at recommendation to the board with strong confidence and alignment.”

– Haiyan Song, Board Member at CSG

Current Boards: Evolv Technology and CSG Systems.

Previous Boards: Sonim Technologies and Global Semiconductor Association

Current Boards: CECO Environmental

Previous Boards: Honeywell Inc. and Usha Amorphous Metals JV

Munish Nanda

Munish Nanda is the former President Americas & Europe at Watts Water Technologies. Prior to Watts Water Technologies, Nanda served as President Control Technologies at ITT Corporation, a diversified manufacturer of engineered products across various industrial market segments including Energy, Aerospace and Defense.

“Munish is a highly engaged and insightful member of our board. His broad experience with growing businesses and driving productivity is very helpful and pertinent to many strategic discussions.”

– TODD GLEASON, CEO at CECO Environmental

Chitra Nayak

Chitra Nayak is the former COO, Platform at Salesforce. Nayak is a Senior Advisor at the Boston Consulting Group. Nayak has 25+ years of experience in Go-To-Market and general management roles across industries.

“Chitra uses her extensive experience on pubic boards and her business acumen to make significant contributions to discussions and decisions. Her questions are strategic and illuminating. She willingly supports management as an advisor and a mentor. Chitra is a pleasure to know and to learn from.”

– LAURIE TUCKER, Board Member at Forward Air Corporation

“Chitra is interested in the company from “stem to stern” and has questions about and ideas to contribute across this range.”

– MICHAEL GIBBS, Board Member at Infosys Ltd

Current Boards: Infosys, Forward Air Corporation, and Invitae

Previous Boards: Intercom and LifeWorks

Current Boards: Limeade, Destiny Tech, Astra, KLA, Women in Sports Tech, Inc., Transforming Age, PeaceTrees Vietnam, and Seattle Bank

Previous Boards: F5 Networks

Lisa Nelson

Lisa Nelson currently serves as a full-time strategic advisor and board director to several organizations around the world, including venture funds, private equity-backed companies and early-stage tech startups. Nelson is the former Managing Director of M12, Microsoft’s Venture Fund. Prior to co-founding the venture fund, Nelson held several executive roles at Microsoft, including Chief Operating Officer of Global Business Development, Chief of Staff to the CFO, and Director of Investor Relations. Nelson’s career spans technology and financial services and prior to Microsoft, she also held leadership roles at Aviva plc and Willis Towers Watson in London.

“I have learned a tremendous amount working on the Astra board with Lisa. She is amazing at asking the right probing questions particularly when dealing with difficult topics. Lisa is a very collaborative board director that welcomes diverse opinions and feedback even in her area of expertise. I really enjoy the way she challenges both the board and the management team to be better.”

– JULIE CULLIVAN, Board Member at Astra Space Inc.

“During her tenure as the audit committee chair, Lisa brought invaluable insights and a pragmatic approach to our board work, especially during the challenging process of SEC certification. Her blend of strategic thinking, professionalism, and pragmatism helped us to navigate complexities and stay the course. Lisa is one of those voices in the room that everyone listens to.”

– ELIZABETH BASTONI, Chair of the Board at Limeade

Mika Nishimura

Mika Nishimura is an Operational Partner with Gilde Healthcare Partners. During Nishimura’s tenure with Glide Healthcare Partners, she also served as the VP of Commercialization at nVision Medical. Nishimura has effectively guided organizations, from small early clinical-stage private ventures to large-scale global commercial enterprises.

“Mika brings her experience in international sales and marketing as well as medical device business strategy to her board roles. Her seasoned approach to these areas provides key insights to the company boards on which she serves.”

– BEVERLY HUSS, Board Member at Accuray

“Working with Mika as a fellow board member at SI-BONE has been an enriching and collaborative experience. Mika’s keen insights, strategic acumen, and dedication to our company’s mission have greatly contributed to our board’s effectiveness in guiding SI-BONE’s growth and success. Her commitment to excellence and passion for innovation make her a valuable asset to our team.”

– LAURA FRANCIS, Chief Executive Officer and Board Member at SI-BONE, Inc.

“Mika’s board participation and leadership is always extraordinarily inciteful. It’s obvious that she does her homework prior to the board meeting and asks important and relevant questions to help us all think through issues.”

– JEFFREY DUNN, Chair of the Board at SI-BONE, Inc.

Current Boards: SI-BONE, Accuray, and Hoya

Previous Boards: MobileODT

Portland General Electric Congratulates

Marie

Oh Huber

for being named to BoardProspects

“100 AAPI Board Members Making a Difference”

From all of us at PGE: Thank you for ensuring that PGE is innovating and at the forefront of the clean energy transformation, while never losing sight of the diversity of experiences of the customers and communities

Thank you for your leadership and

Marie

Oh Huber

Board Member, Portland General Electric

Current Boards: Portland General Electric and Adevinta ASA

Previous Boards: James Campbell Company LLC

Marie Oh Huber

Marie Oh Huber is the SVP, Chief Legal Officer & General Counsel at eBay. Prior to eBay, Oh Huber was the SVP, Legal, Corporate Relations & RA/QA at Agilent Technologies. Oh Huber boasts over 25 years advising Fortune 500 tech, internet, e-commerce, and life sciences companies’ boards and leadership teams.

“Marie asks the questions that every board member wishes they had the courage to ask. She both supports and drives performance while never giving an inch of what it takes to remain ethical and respectful.”

– DAWN FARRELL, Board Member at Portland General Electric

“Marie is an inclusive, intelligent and inquisitive director. Given her academic and professional background she brings a level headed and focused approach to each board meeting. She has been a wonderful sounding board and significant contributor to her community while valuing the differences in others. I’m thrilled that she is being honored for her board service.”

- MICHAEL MILLEGAN, Board Member

at Portland General Electric

Dheeraj Pandey

Dheeraj Pandey is the Chairman and CEO of DevRev, Inc., a SaaS company that is focused on using AI and design to automate software and customer engineering workflows. Previously, Pandey co-founded Nutanix, Inc. and served as CEO and Chair of the Board until December 2020. Pandey has nearly 20 years of experience in the technology industry.

“Dheeraj brings his Brilliance, focus and deep technology expertise into Adobe Board room adding significant value to both strategic and operational discussions . As as a ceo and founder Dheeraj has been invaluable.”

– DANIEL ROSENWEIG, Board Member at Adobe

Current Boards: Adobe, DevRev, Inc., and Department of Computer Science, The University of Texas at Austin

Previous Boards: Nutanix, Inc.

Current Boards: Dollar Tree, Monica + Andy, Investcorp, and Women in Retail

Leadership Circle

Previous Boards: EXPRESS and Sound Point Acquisition Corp I, Ltd

Winnie Park

Winnie Park is CEO of Forever 21, a multibillion- dollar global fashion brand. Prior Ms. Park led the omnichannel transformation of Paper Source and a successful sale to Barnes and Noble as CEO. Ms. Park has over 25 years of global brand and retail experience leading digital global marketing and merchandising as well eCommerce at LVMH and Levi’s.

“It is a privilege to serve on the Dollar Tree board with Winnie. She is an exceptional, highly engaged board member who brings the breadth and depth of her vast retail experience to every interaction. She asks insightful questions across the entire enterprise, providing the valuable perspective of a sitting retail CEO. Her keen intelligence and perception allow her to probe the tough topics in a supportive and sensitive manner.”

– DIANE RANDOLPH, Board Member at Dollar Tree

Jeetu Patel

Jeetu Patel is the EVP and General Manager of Security and Collaboration at Cisco. Prior to Cisco, Patel was the Chief Product Officer & Chief Strategy Officer at Box. Patel has held various executive roles, excelling in enterprise software companies of all sizes, from start-ups to global giants, with a proven track record of managing global P&L.

“Jeetu is an invaluable asset to the board of JLL, bringing a wealth of strategic insights and technological foresight to our decision-making processes. His keen understanding of market trends and emerging technologies has consistently guided our discussions towards innovative solutions and informed decisions. Jeetu’s ability to anticipate industry shifts and identify opportunities for growth has been instrumental in shaping our long-term strategy and positioning JLL as a leader in the real estate sector. As a fellow board member, I have witnessed firsthand Jeetu’s dedication to driving impactful change and his commitment to ensuring that our decisions are aligned with our corporate vision and values. His depth of knowledge in technology trends, coupled with his strategic thinking, has elevated our discussions to a higher level, enabling us to navigate complex challenges and capitalize on emerging opportunities. Jeetu’s collaborative approach and willingness to challenge conventional wisdom have fostered a culture of creativity and innovation within the boardroom, ultimately driving value for our shareholders and stakeholders alike.”

– MATT CARTER, Board Member at JLL

“Jeetu is a valued and engaged board member who brings decades of experience in technology and strategic leadership in highly competitive markets. He asks insightful questions which quickly get to the heart of the matter. Board discussions are always better for his participation.”

– DEBORAH MCANENY, Board Member at JLL

Current Boards: Equinix and JLL

Previous Boards: HackerRank

Current Boards: CONSOL Energy and Midmark Corporation

Previous Boards: Chemonics International, Mercury Retail Holding PLC. Non-profit boards Communities in Schools of Chicago and Make-A-Wish® Illinois.

Valli Perera

Valli Perera is a former senior Partner at Deloitte. Over her 40year career, Perera delivered specialized services in the areas of finance, strategy, governance, and organizational development, demonstrating deep industry know-how and insights.

“Valli is a great co Board member who enriches each Board meeting with her insightful questions and thoughtful suggestions. She does this with sensitivity to management - often encouraging them to explore the “art of the possible” and offering to work alongside them.”

– ARUN SAHA, Board Member at Midmark Corporation

Peter Pham

Peter Pham is the Co-Founder of Science Venture Studios. Pham has a history of successful angel investments in billion-dollar companies like Nextdoor and Ring, he continues to shape culture through investments and incubations, as showcased by his recent co-executive production of the Kanye documentary “Jeen-yuhs” on Netflix.

“No one works harder for his companies than Peter Pham. He is a tour du force who will run through walls for any founder he works with. I have enjoyed working closely with Peter for years, most recently with the Liquid Death team, and look forward to working with him for many, many more years to come.”

–

MICHAEL LAZEROW, Liquid Death Board Observer and Advisor

Current Boards: Liquid Death

Previous Boards: Kabam, UStream.tv, and docstoc

Current Boards: Philips and Snyk

Previous Boards: Infor, Dell Boomi, DocuSign, Zoom, and The Envision School

Sanjay Poonen

Sanjay Poonen is the President and CEO at Cohesity. Prior to Cohesity, Poonen was the COO at VMware, a cloud computing and virtualization tech company. Poonen has over 25 years of proven experience in scaling multi-billion-dollar business and building strong teams.

“Sanjay has a unique perspective on the interplay between tech and healthcare. His business rigor and deep humanity are a potent combination.”

– MARC

HARRISON, CEO at Health Assurance Transformation Co. and Board Member at Philips

“Sanjay brings unique tech experience to the Royal Philips Board that is being transformed into a medtech company as it deploys software technology to classical medical devices and diagnostics. Beyond his domain knowledge, Sanjay is a great listener and knows when to ask strategic questions and offer advice to both management as well as to the Board.”

– DAVID PYOTT, Board Member at Royal Philips

Kausik Rajgopal

Kausik Rajgopal is the EVP, Strategy, Corporate Development & Partnerships at PayPal. Prior to PayPal, Rajgopal was a Managing Partner at McKinsey & Company. With over 20 years of experience, Rajgopal offers vast global expertise in payments, technology, and banking.

“Kausik has consistently demonstrated a remarkable ability to combine strategic insight with analytical expertise. His depth of experience provides a board with key insights to assess complex and multi-faceted situations.”

– SIOBHAN NOLAN MANGINI, Board Member at Alight

“Kausik is a highly respected member of our Board. He’s thoughtful and insightful and brings unique views because of his experience as a business leader and a CHRO. I truly enjoy his partnership.”

– DENISE WILLIAMS, Board Member at Alight

Current Boards: Alight Solutions

Previous Boards: Bay Area Council

Current Boards: Valo Health and United Nations World Food Programme

Previous Boards: Bed Bath & Beyond, SAL Holdco Corp., and Intralinks

Harsha Ramalingam

Harsha Ramalingam is the president of Ramalingam Consulting, LLC. In addition to Ramalingam Consulting, Ramalingam is a Senior Advisor and Senior Executive Coach at Boston Consulting Group. Ramalingam has held a variety of leadership positions at Amazon, EMC, Freeborders, and IBM.

“Harsha brings a wealth of business experience that he has developed over his impressive career that has aided Valo’s business strategy, customer value proposition and technological development of its offerings. His leadership in the boardroom and with management has been extremely insightful and motivating all delivered in the most considerate manner. He is a true leader in creating shareholder value.”

– RON HOVSEPIAN, Board Member at Valo Health

Rajani Ramanathan

Rajani Ramanathan is an advisor, investor, and director for multiple public and private technology companies specializing in AI, VR, IMU/sensor technology, BIM, and connected (IoT) technology. Previously, Ramanathan was the Chief Operating Officer and Executive Vice President – Technology and Products at salesforce.com.

“Rajani’s selection as a top AAPI Board executive, a testament to her exceptional leadership and expertise. Rajani is a leader in understanding the trends in AI, VR, Blockchain, and connected (IoT) technology, advising both public and private companies. Her contributions and stewardship to Sportradar have been invaluable, and we’re proud to celebrate her achievements.”

– SPORTRADAR BOARD OF DIRECTORS

Current Boards: Guidewire, FARO, Hayden AI, and Sportradar

Previous Boards: ESI Group, CloudCherry, and Vayu Technology Corp

Current Boards: Silgan Holdings Previous Boards:Triton International Limited, Renewable Energy Group, XL Fleet, and Kaman Corporation

Niharika Ramdev

Niharika Ramdev is the former Chief Financial Officer of the Global Cadillac division at General Motors. Ramdev has worked in various divisional and functional CFO roles in her 22+ year career with General Motors. Additionally, Ramdev has served as CFO of General Motors International, and Global Purchasing and Supply Chain.

“Niharika brings an excellent financial skillset to the board’s audit and finance committees and she brings sound judgment and insight to the overall board. She is a quick study and clearly spends time carefully reviewing the material. She is decisive, yet is open to the perspectives of other board members.”

– SCOTT KUECHLE, Board Member at

Kaman Corp.

Meera Rao

Meera Rao is the former Chief Financial Officer at Monolithic Power Systems. Prior to Monolithic Power Systems, Rao was the CFO at Integration Associates. Rao boasts 25+ years in Silicon Valley’s high-tech sector, encompassing public and private companies, with expertise in CFO roles, IPOs, and global ventures.

“Meera is a financial savant who brings incredible insights to complex business situations in her role as both director and Audit Chair. When she speaks, both the board and management team listens! And, most importantly, her kindness and humility are equaled by her passion to elevate our ways of working as board members.”

– MIRON WASHINGTON, Board Member at Impinj

Current Boards: Impinj and Rambus

Current Boards: AdvantStay, Chronus Health, Phil, Inc., Fathom Health, Cue Health, Envisics, and Continental Hospitals

Rishi Reddy

Rishi Reddy is a Managing Director – Head of Venture and Growth at Tarsadia Investments. Prior to Tarsadia, Reddy was the founder and CEO of DigiPath Solutions, an early innovator in the digital anatomic pathology space. As a former founder, Reddy has an innate passion for working with entrepreneurs throughout the life cycle of a business.

“Rishi’s recognition among 100 AAPI Board Members Making a Difference underscores his remarkable professional achievements and unique expertise. His background reflects a deep understanding of entrepreneurial dynamics and a passion for supporting startups, and his involvement in guiding transformative companies across various industries showcases his commitment to driving innovation and fostering growth.” – THE BOARDPROSPECTS TEAM

Sheila Rege

Sheila Rege is currently a Partner at Sound Investment Group, LLC. Prior to SIG, Rege built and scaled entities within healthcare, education services and information technology. She is former CEO of Northwest Cancer Clinic and has deep expertise in healthcare economics, M&A, strategy, and digital transformation. Her software/cybersecurity expertise led to a role as CEO Advisor at an incubator within the fields of healthcare and manufacturing where she works with Gates Foundation, AI faculty and VC management.

“As a business owner, experienced board member and physician, Dr. Rege brings a variety of skills and traits into the board room. She is a strategic thinker, entrepreneur, and medical professional who understands how policy is made and how such laws and regulations impact patients and communities. As a leader in organized medicine, she is connected to health care leaders and policy makers throughout the US. She is an intuitive listener and leader, engaged in making a difference through her participation and engagement.”

– JENNIFER LAWRENCE HANSCOM, Board Member at Physicians Insurance

Current Boards: Mirion Technologies, Inc.

Previous Boards: American College of Radiation Oncology, Physicians Insurance, A Mutual Company (PI), and Northwest Cancer Clinic

Current Boards: Santander Holdings USA/Santander Bank, Bill Holdings, and Altus Power

Previous Boards: Citicorp Payment Services

Tina Reich

Tina Reich is the former SVP, Chief Credit Officer at American Express. Prior to American Express, Reich served as the Chief Risk Officer and Chief Data Scientist at a fintech. She is currently advisor to various global fintechs. Reich is known for risk management expertise, productizing data and data science, leading digital experience and transformation, international expansion, and experience in machine learning/AI.

Tina is an accomplished business leader and board director. She has a wealth of highly valuable skills and experience, including a deep understanding of risk management, data science, payments, and consumer businesses. She brings these insights to every discussion in a thoughtful, highly collaborative way.

– CHRISTIANA RILEY, Board Member at Santander Bank

Mythili Sankaran

Mythili Sankaran is the Founding Managing Partner at Neythri Futures Fund. Prior to Neythri Futures Fund, Sankaran was the Managing Principal at Stratalens where she supported startups from ideation to launch, and aided non-profits with expansion strategies.

“Mythili is a great addition to the Sanmina board. Given her background and experience she brings a unique perspective to board discussions. She is thoughtful, engaged and collaborative in her discussions and a great colleague to be around.”

– KRISH PRABHU, Board member at Sanmina Corporation

Current Boards: Sanmina, Room to Read, Pataa, and TuneEm

Current Boards: Penumbra, The Harker School, Draper University, and Astia Previous Boards: Biora Therapeutics

Surbhi Sarna

Surbhi Sarna is a Group Partner at Y Combinator. Prior to Y Combinator, Sarna was the President, nVision Medical at Boston Scientific. Sarna actively invests in and closely collaborates with companies in both the biomedical healthcare sector and technology ventures.

“Surbhi quickly understands complex business issues. She seems to view things through several filters at once. She is an entrepreneur, leader, a thoughtful leader who takes into consideration employees needs and competitors’ likely reactions. I always find her input important and very valuable. We are a better board because of her.”

– DON KASSING, Board Member at Penumbra

Inc.

Raj Seshadri

Raj Seshadri is the President, Data and Services at Mastercard. Prior to Mastercard, Seshadri was the Managing Director, Head of iShares US Wealth Advisory Business at BlackRock. Seshadri leads a global team guiding customers to better decisions and outcomes through insights, analytics, loyalty, innovation, and consulting services.

“Raj’s knowledge of consumer marketing and financial services generally as well as her knowledge of privacy and cybersecurity specifically have been extremely valuable to the RJF board. She also brings a valuable perspective as a senior leader of a large organization. She’s been a great addition to the RJF board.”

– BENJAMIN ESTY, Board Member at Raymond James

Current Boards: Raymond James, Mount Holyoke College, and American India Foundation

CONGRATULATIONS, AARTI SHAH!

Northwestern Mutual is proud to celebrate the leadership of Aarti Shah, a member of our Board of Trustees. We congratulate Aarti on being recognized by BoardProspects as an AAPI board member making a difference.

19-1978 ©2024 The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI.

AARTI SHAH Northwestern Mutual Board of Trustees NM.com

Current Boards: Northwestern Mutual, NVIDIA, and Sandoz. Trustee of NGO, Shrimad Rajchandra Love and Care, USA. Previous Boards: Public Library Foundation and Center for Interfaith Cooperation

Aarti Shah

Aarti Shah was the Senior Vice President and Chief Information and Digital Officer at Eli Lilly & Company. Shah’s career with Eli Lilly & Company spans over 28 years where she held various functional and business roles spanning across the various phases of drug development and commercialization.

“Aarti is a highly respected Board member of Sandoz AG, the global leader in generics and biosimilars, headquartered in Switzerland. Her curiosity and knowledgeability lead to thought-provoking questions. With unmatched expertise, she actively participates in knowledge sharing. Aarti’s friendly and approachable attitude makes her an easy-to-interact-with personality.”

– URS RIEDENER, Board Member at Sandoz

“As a fellow board member, I can confidently attest to Aarti Shah’s exceptional leadership and expertise skills. Her impressive career in the pharmaceutical industry, where she led various businesses and transformed several functions/platforms, speaks to Aarti’s proven track record of leadership, success and dedication. Additionally, her academic achievements, including the doctorate in applied statistics from the University of California at Riverside, highlight her strong analytical skills and ability to make data-driven decisions. Through her involvement with the non-profit organizations, Aarti demonstrates her commitment to making a positive impact in both the corporate world and the society in large.”

– GILBERT GHOSTINE, Chair of the Board at Sandoz

Sri Shivananda

Sri Shivananda was the former EVP and Chief Technology Officer at PayPal. Shivananda has 25+ years of experience in global, web scale, digital platforms across consumer, commerce, and payments. As a seasoned product, and technology executive, Shivananda has fostered high-performance teams at the forefront of innovation, driven business success, spearheaded digital transformations, and propelled companies to become industry leaders.

“Sri is a thoughtful and engaged director who consistently offers valuable insights and perspective. The whole board and I appreciate the honest and respectful input he brings forward to us and to the management team. His deep understanding of technology and the challenges F5 customers face is a tremendous asset to our board, our executive leadership, and our shareholders.”

– ALAN HIGGINSON, Chair of the Board at F5 Networks

Current Boards: F5 Networks

Shiv Singh

Shiv Singh is the former Chief Marketing & Customer Experience Officer at LendingTree, Inc. Prior to LendingTree, Singh built his career at The Expedia Group, Visa and PepsiCo in marketing and innovation leadership roles. Singh is the author of two books on transformation and is currently writing his third book on artificial intelligence and marketing. He also advises and invests in the artificial intelligence space.

“Shiv is a very effective board member who can ask the thought-provoking questions, but at the same time demonstrate support and commitment to the organization. He isn’t afraid to roll up his sleeves and share his own experiences and expertise, but respects the role of management versus that of the board. Shiv is well-versed in a number of areas including business development, strategic marketing and building digital capability. His insights and perspective are highly valuable and well-received. On a personal note, Shiv is a wonderful, caring person who has been great to work with and I’m so glad we’ve had the opportunity to meet.”

– TERRI KELLY, Board Member at United Rentals

Harmit Singh

Harmit Singh is the Chief Financial and Growth Officer at Levi Strauss & Co. Prior to joining Levi Strauss & Co., Singh was the former Executive Vice President at Hyatt Hotels Corporation. With over 39 years of growth-focused experience, Singh boasts vast expertise across global markets, diverse industries, and multicultural environments.

“Harmit has been an outstanding addition to AZEK’s board. His extensive experience, particularly in finance, strategy, sourcing and IT, brings a unique perspective to our discussions. Harmit’s insight into global markets and consumer trends have been invaluable, and his commitment to innovation and sustainability aligns perfectly with our values. We are fortunate to have him as a member of our board.”

– JESSE SINGH, President, CEO, and Director at The AZEK Company

Current Boards: The AZEK Company

Current Boards: United Rentals

Gurmeet Singh

Gurmeet Singh is the Chief Digital and Technology officer for Gap Inc. leading the company’s technology, digital, data science & AI, functions across the portfolio of brands. Gurmeet brings extensive and unique experience driving multiple digital, data science & AI and tech transformations across retail, financial services, software corporations and large conglomerates, and at premier consulting companies.

– JIM HOLTHOUSER, CEO at GoTo Foods

Benjamin Sun

Benjamin Sun is the Co-Founder and General Partner at Primary Venture Partners. Previously, Sun founded Community Connect Inc. where he served as President & CEO for 12 years. Prior to Sun’s entrepreneur and investor career, he began his career in Investment Banking at Merrill Lynch.

“Ben is an exceptionally insightful director, bringing his unique combination of financial and operational expertise to the boardroom. Ben has shepherded the growth of companies from the earliest founding phases to large-scale commercial success, and his long term thinking helps shape strategy and execution decisions. Ben is a thoughtful and supportive partner for the management and board.”

“Gurmeet is a highly engaged member of our Board of Directors for GoTo Foods. He brings years of practical business knowledge to our company, and as a highly experienced CTO, he’s been an invaluable technical advisor in our digital transformation journey. We count ourselves lucky to have a talent like Gurmeet on our Board and as part of the GoTo Foods family.” – AMBEREEN TOUBASSY, Board Member at Coupang

Current Boards: Coupang, Chief, Slice, Dandy, Pattern, Fundedbuy, and Ollie

Previous Boards: Ephemeral Tattoo, Small Door Veterinary, Kindred, and SelfMade

Current Boards: GoTo Foods

BlackLine congratulates Sophia Velastegui for being selected by BoardProspects as one of the ‘100 AAPI Board Members Making a Difference’ in 2024.

We thank you for your time, effort, and insights guiding BlackLine as we inspire, power, and guide the world’s leading companies on their digital finance transformation journeys.

Current Boards: BlackLine and Georgia Tech College of Engineering

Sophia Velastegui

Sophia Velastegui is a renowned tech business industry leader for Fortune 200 companies. She was the former Chief Product Officer of Aptiv. Prior to that, she was the Chief AI Technology Officer and General Manager, AI Products & Search at Microsoft. Her team worked extensively in traditional and generative AI products, including OpenAI and ChatGPT. Her leadership journey also includes launching AI products at tech giants such as Google/ Alphabet and Apple.

“Sophia’s commitment to leveraging her deep expertise in AI and data, backed by her strong intellectual curiosity and relentless diligence, elevates our board’s discussions and also inspires us to remain curious ourselves.”

– BLACKLINE BOARD OF DIRECTORS

Prat Vemana

Prat Vemana is the Executive Vice President, Chief Digital and Product Officer at Target. Prior to Target, Vemana served as Senior Vice President & Chief Digital Officer where he spearheaded enterprise product management and drove the company’s digital strategy forward.

“Prat brings immense value and experience to the Frontier Board. His digital expertise and strategic leadership play a critical role in guiding the company through its digital transformation and creating a sustainable business for the benefit of all stakeholders. Beyond that, he’s a thoughtful leader who believes open debate leads to the best decisions. This approach has served us well. On behalf of the entire Board, I congratulate Prat on this well-deserved recognition.”

–

JOHN STRATTON, Executive Chairman at Frontier Communications

Current Boards: Frontier Communications and Innovation Leader Previous Boards: Graphite Health

Current Boards: Power Integrations, Endicott College, and CED

Previous Boards: Anokiwave, Allegro MicroSystems Inc., and Sanken North America

Ravi Vig

Ravi Vig is the former President and CEO at Allegro Microsystems. For nearly 40 years, Vig served in various technical and management positions at Allegro Microsystems. Vig aided the transformation of Allegro MicroSystems into a high-growth, innovation-focused industry leader and guided the company through a successful IPO.

“Having recently entered the market for power semiconductors in EVs, we were very pleased to add Ravi to our board given his experience leading a highly regarded supplier of semiconductor products to the auto industry. While Ravi’s guidance with respect to our automotive business has been invaluable, he has added far more than that in the year since he joined. Even the most seasoned board and management team can benefit from a fresh perspective, and Ravi has brought to our board a well-rounded viewpoint informed by wisdom and experience.” – POWER INTEGRATIONS

Rajiv Vinnakota

Rajiv Vinnakota is the President of the Institute for Citizens & Scholars (formerly the Woodrow Wilson National Fellowship Foundation). Prior to joining C&S, Vinnakota served as the EVP of the Youth & Engagement division at the Aspen Institute. For 18 years, Vinnakota was the co-founder and Managing Director of The SEED Foundation, the nation’s first network of public, collegepreparatory boarding schools for underserved children.

“As the chair of the Nominating and Corporate Governance Committee, Raj brings deep knowledge and expertise of corporate governance. His leadership style is characterized by inclusivity and collaboration, fostering an environment where varied perspectives are valued and constructive dialogue flourishes. Raj takes a comprehensive and rigorous approach to governance processes and he remains at the forefront of industry trends and regulatory changes, which ensures the committee’s strategies and recommendations align with the company’s strategic objectives.”

– CHRISTINE ORTIZ, Board Member at Enovis

“Working with Raj is an absolute pleasure. He sets the tone for the board with his warmth, humor, and intense intellectual curiosity and challenges management appropriately with his thoughtful questions. In addition he has an excellent eye for talent and for building a board of diverse but complementary talents.”

– BARBARA BODEM, Board Member at Enovis

Current Boards: Enovis, ESAB, The SEED Foundation, and Constructive Dialogue Institute

Previous Boards: Princeton University, The Meyer Foundation, and The SEED School of Washington

Current Boards: Roblox, Liberty Media, Hudson Pacific Properties, Qurate Retail, Workday, McLaren Racing, and PortAventura World

Previous Boards: Oaktree Capital Management, Hudson’s Bay Company, and Social Capital Hedosophia Holdings

Andrea Wong

Andrea Wong is the former President, International Production at Sony Pictures Television and President, International at Sony Pictures Entertainment. Prior to Sony, Wong served as the President and CEO of Lifetime Networks where she oversaw the operations of Lifetime Television, Lifetime Movie Network, Lifetime Real Women, and Lifetime Digital.

“I enjoy being on the board with Andrea as she is an active Director, has great insights due to her relevant industry experience, uses her network to benefit the company and is very focused on creating value for shareholders, customers and employees.”

–

DEREK CHANG, Board Member at Liberty Media

Mallun Yen

Mallun Yen is the Founder, CEO, and General Partner at Operator Collective. Prior to Operator Collective, Yen established three other groundbreaking companies, including RPX, SaaStr, and ChIPsNetwork.org, Additionally, Yen spent her earlier years at Cisco, Calient Networks, and Weil Gotshal & Manges.

“As a colleague on the board, I’ve seen Mallun’s commitment to innovation and excellence. Her curiosity and entrepreneurial mindset, along with her tech industry insights and experience, are very valuable. Mallun’s impact goes beyond her impressive C.V.; she offers a distinct viewpoint and consistent dedication to our discussions. She also possesses a great sense of humor and a genuine desire to support entrepreneurs. Working with Mallun on the Pure Storage board has been a wonderful experience. I am fortunate to have been able to get to know her outside the boardroom and now also consider her a friend.”

– ROXANNE TAYLOR, Board Member at Pure Storage

“Mallun brings relevant experience both from an operational and legal perspective and is able to contribute across a broad range of disciplines. She also excels at engaging with organizational leaders to help them achieve at the highest levels.”

– JEFF ROTHSCHILD, Board Member at Pure Storage

Current Boards: Pure Storage and DataGrail

Previous Boards: KQED, RPX, and ChIPs

Congratulations, Maggie Yuen on being named one of BoardProspects’ 100 AAPI Board Members Making a Difference

Your strategic guidance, stewardship, and unwavering commitment are driving forces behind our mission to make a meaningful impact in the world. Together, we’re fostering positive change and delivering stakeholder value. Thank you, Maggie!

– The AtriCure Team

Maggie Yuen Member, AtriCure Board of Directors

Vivien Yeung

Vivien Yeung is the former Chief Strategy Officer at Kohl’s. Prior to Kohl’s, Yeung served as General Manager, Venture and Chief Strategy Officer at lululemon athletica inc. Yeung has more than 25 years of experience building global iconic brands and leading strategic transformation to drive sustainable, profitable growth.

“Vivien is one of the most engaged, innovative and thoughtful board directors that I have come across. The way she listens to business situations and seems to ask the right question at the right time leads to more productive outcomes. Most importantly, she is an amazing human that builds great relationships in the boardroom and beyond.”

“Vivien brings significant value-add to our board. Her background and expertise in helping shape strategy and sharing effective processes for execution against that strategy have raised the level of support our board brings to the leadership team. Vivien brings a beautiful balance of listening skill and thoughtfully sharing her thoughts, rarely the first voice in the room but one that consistently brings value-add insight to the conversation.”

Rebecca Yeung

Rebecca Yeung is a Corporate Vice President at FedEx Corporation. Prior to FedEx, Yeung was a Management Consultant at China-Britain Consulting Group. Yeung’s career with FedEx has spanned over 25 years where she drives critical aspects of FedEx’s innovation and transformation strategy.

“As our newest board member and a first time board member, Rebecca has invested in board education, brought fresh, current information to the board on perspectives from her role at Fedex, and has been a great addition to the team.”

– JEANNE BELIVEAU-DUNN, Board Member at CMCO

Current Boards: Royal Caribbean Group and Columbus McKinnon

Previous Boards: Mid-South Food Bank

– GUILLERMO DIAZ, Board Member at Jack in The Box

– DAVE GOEBEL, Chair of the Board at Jack in the Box

Current Boards: Jack in The Box

Maggie Yuen

Maggie Yuen is the Chief Financial Officer at Penumbra, Inc. Prior to Penumbra, Yuen was the VP Finance, Genetic Science Division at Thermo Fisher Scientific.Yuen has over two decades of progressive leadership experience and she is adept at propelling scalable finance organizations forward.

“Maggie is a terrific person and board member. She is always engaged and asks terrific questions. She is generous in sharing her experiences when we face interesting questions.”

– REGGIE GROVES, Board Member at

Molly Zhang

Molly Zhang is the former VP for Asset Management and Global Manufacturing Executive for Mining Systems at Orica. Prior to Orica, Zhang was the Managing Director of SCG-Dow Group, a mega joint venture, Global Business Vice President for Technology Licensing & Catalyst and Manufacturing Leader for Asia Pacific at Dow Inc. Zhang is experienced in managing capital intensive operations, technology licensing and driving business growth.

“Molly is a terrific board member and a great fit with the rest of Arch’s high-performing board. She brings to the Arch team significant leadership skills; invaluable global business acumen and technical expertise; a passion for operational excellence; a deep commitment to a sustainability-driven culture; and a wealth of board-related experience in the industrial, energy and environmental services sectors. She has expanded the board’s expertise and elevated the quality of its deliberations in numerous ways.

– PAUL LANG, CEO and Board Member at Arch Resources, Inc.

“Molly provides valuable insight into international thinking especially regarding Asia. She is a consummate learner challenging herself personally as well as the other board members to look forward and think broadly as global citizens. Her years of experience and capabilities in operational, supply chain, financial and risk management issues set the stage for thoughtful, direct and aspirational discussion.”

– PAMELA BUTCHER, Board Member at Arch Resources

Current Boards: Gates Industrial Corporation, Arch Resources, and Aqua Metals

Previous Boards: GEA Group, Cooper Standard, and Newmont Mining etc.

Atricure, Inc

Current Boards: AtriCure, Inc.

Current Boards: Starbucks and Ralph Lauren

Previous Boards: Los Angeles Sports & Entertainment Commission, Amblin Partners, Alibaba Pictures, The Jack Ma Foundation, Alibaba Foundation, Meituan Company, UCweb Company, Lakala, ShopEx, and Aba Songpan Grameen Microcredit

Yael Zheng

Wei Zhang

Wei Zhang is the Former President, Alibaba Pictures & SVP, Alibaba Group. Prior to Alibaba, Zhang served as the Chief Operating Officer - Star China at News Corporation. Zhang has a proven track record in driving growth and transformation across diverse industries, including consumer products, media and entertainment, technology, e-commerce, and digital sectors.

“Wei is an exceptional colleague on the board. She brings significant global expertise and new perspectives on consumer behaviors around the world, and is able to put those into perspective alongside technology investments to capture that behavior. Her willingness to work alongside management on important global issues is the perfect balance of oversight and support for management.”

– LINDA FINDLEY, Board Member

at Ralph Lauren

Yael Zheng is the former Chief Marketing Officer at Bill.com. Prior to joining Bill.com, Zheng held marketing leadership roles at numerous software companies including Tintri, Medallia, and VMware. With over 20 years in the software industry, she excels in go-to-market strategies and understands the strategic considerations and challenges of companies at different growth stages.

“I am grateful for Yael’s involvement in Splashtop and for her contributions to our board. Yael has an innate ability to ask probing questions that bring clarity to our discussions, encouraging a culture of critical thinking. She has a wealth of experience as an operator that brings a unique perspective to the table. Yael’s has a welcoming attitude and is open to fresh perspectives which enriches our board’s diversity of thought, making our discussions more comprehensive and effective. She is excellent at listeningone of the hardest skills to master which no doubt contributes to her thoughtful understanding of the business and people.”

– RYAN FLOYD, Board Member at Splashtop

Current Boards: MeridianLink, Billtrust, LivePerson, and Splashtop Inc.

Previous Boards: Poly and Stella Connect

Current Boards: Monolithic Power Systems Inc.

Previous Boards: MiaSole and Alta Devices

Jeff Zhou

Dr. Jeff Zhou is the founder and CEO of Photon Energy Renewable. Prior to Photon Energy, Zhou was the former CEO at MiaSole and Executive Chairman of Alta Devices. Zhou boasts 30+ years of expertise spanning renewable energy, semiconductor electronics, medical devices, and global manufacturing and supply chain operations.

“I met Jeff when I started working as an independent Director at MPS board. Jeff is an executive who acts with integrity and rationality, who seeks consensus while putting the company’s interest first.”

– CARINTIA MARTINEZ,

Board Member at Monolithic Power Systems, Inc.

Board Appointments & Resignations April 2024

Publicly Traded Corporations

Appointments & Resignations

TMC The Metals Company (NASDAQ: TMC) Appoints Steve Jurvetson to the Board of Directors. Mr. Jurvetson is a Co-Founder at Future Ventures.

STEVE JURVETSON

New Board Appointments

Ashland (NYSE: ASH)

Appoints Scott Tozier to the Board of Directors. Mr. Scott is the former Chief Financial Officer at Albemarle.

Camping World (NYSE: CWH)

Appoints Kathleen Lane to the Board of Directors. Ms. Lane is the former Chief Information Officer at TJX Companies.

Criteo SA (NASDAQ: CRTO)

Appoints Ernst Teunissen to the Board of Directors. Mr. Teunissen is the former Chief Financial Officer at TripAdvisor.

Getty Images (NYSE: GETY)

Appoints Tracy Knox to the Board of Directors. Ms. Knox is the former Chief Financial Officer at Rover Group.

Instacart (NASDAQ: CART)

Appoints Victoria Dolan to the Board of Directors. Ms. Dolan is the former Chief Financial Officer at Revlon.

Macy’s (NYSE: M)

Appoints Richard Clark and Richard Markee to the Board of Directors. Mr. Clark is the Co-Founder and Managing Director at WatermanCLARK and Mr. Markee is the Chair of the Board and Chief Executive Officer at Vitamin Shoppe.

Planet Fitness (NYSE: PLNT)

Colleen Keating named CEO and she is appointed to the Board of Directors. Ms. Keating is the former Chief Executive Officer at FirstKey Homes.

United Airlines (NASDAQ: UAL)

Appoints Michelle Freyre to the Board of Directors. Ms. Freyre is the Global Brand President, Clinique and Origins at Estée Lauder.

Upbound Grp (NASDAQ: UPBD)

Appoints Molly Langenstein to the Board of Directors. Ms. Langenstein is the former Chief Executive Officer at Chico’s FAS.

Willis Lease Finance (NASDAQ: WLFC)

Appoints Colm Barrington to the Board of Directors. Mr. Barrington is the former Chief Executive Officer at Fly Leasing Ltd.

Xponential Fitness (NYSE: XPOF)

Appoints Jeffrey Lawrence to the Board of Directors. Mr. Lawrence is the former Chief Financial Officer at Domino’s.

MICHELLE FREYRE

VICTORIA DOLAN

JEFFREY LAWRENCE

Resignations/Retirements

Fidelity National Information Services (NYSE: FIS)

Brian Shea to leave the Board of Directors. Mr. Shea is the former Chief Executive Officer, Investment Services at BNY Mellon.

G-III Apparel (NASDAQ: GIII)

Alan Feller to leave the Board of Directors. Mr. Feller is the former Chief Financial Officer at G-III Apparel.

Guess? (NYSE: GES)

Cynthia Livingston leaves the Board of Directors. Ms. LIvingston is the CoChair of the Board at Bravado Design.

Procter & Gamble (NYSE: PG)

Angela Braly retires from the Board of Directors. Ms. Braly is the former Chair of the Board and Chief Executive Officer at WellPoint.

Shake Shack (NYSE: SHAK)

Jonathan Sokoloff to leave the Board of Directors. Mr. Sokoloff is a Managing Partner at LGP.

Stanley Black & Decker (NYSE: SWK)

Irving Tan to leave the Board of Directors. Mr. Tan is the Executive Vice President of Global Operations at Western Digital.

Xometry (NASDAQ: XMTR)

Laurence Zuriff to leave the Board of Directors. Mr. Zuriff is a Co-Founder at Xometry.

ANGELA BRALY

IRVING TAN

New Board Appointments

Freshpet (NASDAQ: FRPT)

Appoints Lauri Kien Kotcher to the Board of Directors. Ms. Kien Kotcher is the Chief Executive Officer at quip.

LAURI KIEN KOTCHER

New Board Appointments

APA (NASDAQ: APA)

Appoints Matt Bob and Anya Weaving to the Board of Directors. Mr. Bob is the Chair of the Board at Callon and Ms. Weaving is a Managing Director at Bank of America.

Ur-Energy (NYSE: URG)

Appoints John Pressey and Elmer Dyke to the Board of Directors. Mr. Pressey is a former Partner at PwC and Mr. Dyke is the Founder at New Horizons Nuclear Association.

W&T Offshore (NYSE: WTI)

Appoints John Buchanan to the Board of Directors. Mr. Buchanan is the former Assistant General Counsel at ExxonMobil.

Resignations/Retirements

Invivyd (NASDAQ: IVVD)

David Hering departs as CEO and from the Board of Directors. Mr. Hering is the former Global mRNA Business & Franchise Lead at Pfizer.

Overseas Shipholding (NYSE: OSG)

Gary Eugene Taylor to leave the Board of DIrectors. Mr. Taylor is a former Member of the U.S. Congress.

JOHN BUCHANAN

GARY EUGENE TAYLOR

New Board Appointments Finance

Atlantic Union Bankshares (NYSE: AUB)

Appoints Nancy Howell Agee and Joel Shepherd to the Board of Directors. Ms. Agee is the Chief Executive Officer at Carilion Clinic and Mr. Shepherd is President at Virginia Home Furnishings.

Black Diamond Therapeutics (NASDAQ: BDTX)

Appoints Prakash Raman and Shannon Campbell to the Board of Directors. Mr. Raman is the Chief Executive Officer of a stealth biopharma company and Ms. Campbell is the EVP and Chief Commercial Officer at Merus.

Brighthouse Financial (NASDAQ: BHF)

Appoints Michael Inserra and Lizabeth Zlatkus to the Board of Directors. Mr. Inserra is a former Managing Partner at EY and Ms. Zlatkus is a former Chief Risk Officer at Hartford Financial Services.

Carlyle (NASDAQ: CG)

Appoints Afsaneh Beschloss to the Board of Directors. Ms. Beschloss is the Founder and CEO at RockCreek.

Corebridge Financial (NYSE: CRBG)

Appoints Rose Marie Glazer to the Board of Directors. Ms. Glazer is the General Counsel at AIG.

Pagaya Technologies (NASDAQ: PGY)

Appoints Tami Rosen to the Board of Directors. Ms. Rosen is the Chief Development Officer at Pagaya Technologies.

Reinsurance Group of America (NYSE: RGA)

Appoints Alison Rand to the Board of Directors. Ms. Rand is the former Chief Financial Officer at Primerica.

WhiteHorse Finance (NASDAQ: WHF)

Appoints John Volpe to the Board of Directors. Mr. Volpe is a former Senior Managing Director at GE Capital.

LIZABETH ZLATKUS

AFSANEH BESCHLOSS

ALISON RAND

Resignations/Retirements

Brown & Brown (NYSE: BRO)

James Hays resigns from the Board of Directors. Mr. Hays is the Founder and Chief Executive Officer at Hays Companies.

First Interstate Bancsystem (NASDAQ: FIBK)

James Brannen retires from the Board of Directors. Mr. Brennen is the Chief Executive Officer at FBL Financial Group.

JPMorgan Chase (NYSE: JPM)

Timothy Flynn and Michael Neal to retire from the Board of Directors. Mr. Flynn is the former Chair of the Board and Chief Executive Officer at KPMG and Mr. Neal is the former GE Capital Vice Chairman and Chief Executive Officer at General Electric.

MarketAxess (NASDAQ: MKTX)

Richard Prager to leave the Board of Directors. Mr. Prager is a Senior Advisor at Tresata.

Navient (NASDAQ: NAVI)

Laura Unger to leave the Board of Directors. Ms. Unger is the former Commissioner at the Securities and Exchange Commission.

LAURA UNGER

JAMES BRANNEN

New Board Appointments

89bio (NASDAQ: ETNB)

Appoints Martin Babler to the Board of Directors. Mr. Babler is the CEO at Alumis.

AdaptHealth (NASDAQ: AHCO)

Suzanne Foster named CEO and she is appointed to the Board of Directors. Ms. Foster is the Chief Executive Officer at AdaptHealth.

AEON Biopharma (NYSE: AEON)

Appoints Seongsoo Park to the Board of Directors. Mr. Park is the CEO at Daewoong Pharmaceutical.

Aquestive Therapeutics (NASDAQ: AQST)

Appoints Abigail Jenkins to the Board of Directors. Ms. Jenkins is the CEO at Gamida Cell.

Astria Therapeutics (NASDAQ: ATXS)

Appoints Sunil Agarwal to the Board of Directors. Mr. Agarwal is the former Chief Development Officer at Sana Biotechnology.

Autolus Therapeutics (NASDAQ: AUTL)

Appoints Michael Bonney and Ravi Rao to the Board of Directors. Mr. Bonney is the former Chair of the Board and Chief Executive Officer at Kaleido Biosciences and Mr. Rao is the Chief Medical Officer at Sitryx.

Bicycle Therapeutics (NASDAQ: BCYC)

Appoints Felix Baker to the Board of Directors. Mr. Baker is a Managing Member at Baker Bros Advisors.

CareDx (NASDAQ: CDNA)

John Hanna named CEO and he is appointed to the Board of Directors. Mr. Hanna is the former Chief Executive Officer at Apton Biosystems.

CARGO Therapeutics (NASDAQ: CRGX)

Appoints Kapil Dhingra to the Board of Directors. Mr. Dhingra is a Managing Member at KAPital Consulting LLC.

DaVita (NYSE: DVA)

Appoints Dennis Pullin to the Board of Directors. Mr. Pullin is the Chief Executive Officer at Virtua Health.

Elanco Animal Health (NYSE: ELAN)

Appoints Kathy Turner and Craig Wallace to the Board of Directors. Ms. Turner is the former Chief Marketing Officer at IDEXX Laboratories and Mr. Wallace is President at C.S. Wallace Investments & Strategy, LLC.

Enliven Therapeutics (NASDAQ: ELVN)

Appoints Lori Kunkel to the Board of Directors. Ms. Kunkel is the former Chief Medical Officer at Pharmacyclics.

SUZANNE FOSTER

SUNIL AGARWAL

DENNIS PULLIN

New Board Appointments

Hims & Hers Health (NYSE: HIMS)

Appoints Christopher Payne to the Board of Directors. Mr. Payne is the former President and Chief Operating Officer at DoorDash.

Kymera Therapeutics (NASDAQ: KYMR)

Appoints Felix Baker to the Board of Directors. Mr. Baker is a Managing Member at Baker Bros Advisors.

Nuvation Bio (NYSE: NUVB)

Appoints Jerry Wang and Min Cui to the Board of Directors. Mr. Wang is the Co-Founder and CEO at AnHeart and Mr. Cui is the Founder and Managing Director at Decheng Capital.

Recursion Pharmaceuticals (NASDAQ: RXRX)

Appoints Najat Khan to the Board of Directors. Ms. Khan is the Chief R&D Officer and Chief Commercial Officer at Recursion Pharmaceuticals.

Solventum (NYSE: SOLV)

Appoints Shirley Edwards to the Board of Directors. Ms. Edwards is a former Partner at EY.

Summit Therapeutics (NASDAQ: SMMT)

Appoints Mostafa Ronaghi to the Board of Directors. Mr. Ronaghi is a CoFounder at Cellanome.

Vir Biotechnology (NASDAQ: VIR)

Appoints Norbert Bischofberger and Ramy Farid to the Board of Directors. Mr. Bischofberger is the CEO at Kronos Bio and Mr. Farid is the CEO at Schrodinger.

Zoetis (NYSE: ZTS)

Appoints Gavin Hattersley to the Board of Directors. Mr. Hattersley is the CEO at Molson Coors Beverage.

CHRISTOPHER PAYNE

NAJAT KHAN

GAVIN HATTERSLEY

Resignations/Retirements

Brookdale Senior Living (NYSE: BKD)

Guy Sansone and Marcus Bromley to leave the Board of Directors. Mr. Sansone is the Chair of the Board and Chief Executive Officer at H2 Health and Mr. Bromley is the former Chair of the Board and Chief Executive Officer at Gables Residential

Elevation Oncology (NASDAQ: ELEV)

Lori Hu resigns from the Board of Directors. Ms. Hu is a Managing Director at Vertex Ventures.

Evolus (NASDAQ: EOLS)

Robert Hayman and Simone Blank to leave the Board of Directors. Mr. Hayman is the Chief Executive Officer at Hayman Properties and Ms. Blank is the Founder at Dental Innovations.

Fortrea (NASDAQ: FTRE)

ALEXANDER ASAM

Betty Larson resigns from the Board of Directors. Ms. Larson is the Executive Vice President and Chief Human Resources Officer at Merck.

Mineralys Therapeutics (NASDAQ: MLYS)

Alexander Asam to leave the Board of Directors. Mr. Asam is an Advisor at HBM Partners.

NewAmsterdam Pharma NV (NASDAQ: NAMS)

Juliette Audet resigns from the Board of Directors. Ms. Audet has been named Chief Business Officer at NewAmsterdam Pharma.

Orthofix Medical (NASDAQ: OFIX)

Stuart Essig, James Hinrichs and Catherine Burzik to leave the Board of Directors. Mr. Essig is a Managing Director at Prettybrook, Mr. Hinrichs is a Co-Founder at Atmas Health and Ms. Burzik is the former CEO at Kinetic.

Savara (NASDAQ: SVRA)

Ricky Sun to leave the Board of Directors. Mr. Sun is a Managing Director at Bain Capital Life Sciences.

Trupanion (NASDAQ: TRUP)

Dan Levitan and Zay Satchu to leave the Board of Directors. Mr. Levitan is a Co-Founder at Levitan and Ms. Satchu is the Chief Veterinary Officer and Co-Founder at Bond Vet.

OPKO Health (NASDAQ: OPK)

Alexis Borisy to leave the Board of Directors. Mr. Borisy is a Biotechnology Entrepreneur Investor.

Quidelortho (NASDAQ: QDEL)

Douglas Bryant departs as CEO and resigns from the Board of Directors.

LORI HU

RICKY SUN

Resignations/Retirements

Veracyte (NASDAQ: VCYT)

John Bishop retires from the Board of Directors. Mr. Bishop is the former CEO at Cepheid.

Verona Pharma (NASDAQ: VRNA)

Rishi Gupta resigns from the Board of Directors. Mr. Gupta is a Partner at OrbiMed Advisors.

JOHN BISHOP

New Board Appointments

Crane NXT (NYSE: CXT)

Appoints Sandra Joyce to the Board of Directors. Ms. Joyce is the VP Google Cloud, Mandiant Intelligence at Google.

Hexcel (NYSE: HXL)

Names Thomas Gentile CEO and he is appointed to the Board of Directors. Mr. Gentile is the former Chief Executive Officer at Spirit AeroSystems.

Kratos Defense & Security Solutions (NASDAQ: KTOS)

Appoints Bobbi Doorenbos to the Board of Directors. Ms. Doorenbos is the former Brig Gen (Retired) of the U.S. Army.

Omega Flex (NASDAQ: OFLX)

Appoints Stephen Shea to the Board of Directors. Mr. Shea is the former Chief Financial Officer at Mestek.

Roper Technologies (NASDAQ: ROP)

Appoints John Murphy to the Board of Directors. Mr. Murphy is the former Chief Financial Officer at Adobe.

Timken (NYSE: TKR)

Names Tarak Mehta CEO and he is appointed to the Board of Directors.

Spirit AeroSystems (NYSE: SPR)

Appoints Jane Chappell to the Board of Directors. Ms Chappell is the CEO at Altamira Technologies.

BOBBI DOORENBOS

TARAK MEHTA

Resignations/Retirements

Alta Equipment (NYSE: ALTG)

Zachary Savas resigns from the Board of Directors. Mr. Savas is a former Co-President at Cranbrook Partners.

Caterpillar (NYSE: CAT)

David Calhoun to leave the Board of Directors. Mr. Calhoun is the CEO at Boeing.

Omega Flex (NASDAQ: OFLX)

Derek Glanvill resigns from the Board of Directors. Ms. Glanvill is the former Chief Operating Officer at McCarthy Holdings.

Quanterix (NASDAQ: QTRX)

Laurie Olson to leave the Board of Directors. Ms. Olson is the former EVP, Strategy & Commercial Ops at Pfizer.

Rocket Lab USA (NASDAQ: RKLB)

Sven Strohband to leave the Board of Directors. Mr. Strohband is a Managing Director at Khosla Ventures.

DAVID CALHOUN

LAURIE OLSON

Time to Update Your Pay Plan?

As your company responds to these uncertain times, your pay plan should too. Take this diagnostic to see whether you should revise your executive and employee pay programs.

What is your company experiencing?

† Shifting company economics (e.g., growth, downturn, turnaround situation)

† Change in strategy

† New executive leadership or governance

† Change in shareholders or structure (e.g., combination or divestiture)

How is pay perceived?

† Out-of-step or inflexible in today's environment

† Misaligned with the goals, time horizon or risk to the firm

† Unfair or inequitable

† Below competitive or, conversely, a windfall to recipients

† Either too high or low relative to performance, contribution, or effort

† Too complex or not valued by executives or employees

What external factors are you facing?

† Shifting industry economics or increased volatility

† Challenges in recruiting talent in “hot” geographies or critical skill sets

† Pressure from external stakeholders

† Reacting to changes in accounting, tax, and legal regulations

Are you seeing unintended behaviors?

† Pay plans or measures are creating unintended behaviors / results

† Discretionary payments are needed to produce more fair and equitable pay levels

† Individual “one-off” compensation negotiations occur frequently

† Turnover is higher than normal or unexpected

† Pay conversations take a significant amount of time to discuss and resolve

New Board Appointments

Pitney Bowes (NYSE: PBI)

Appoints Lance Rosenzweig to the Board of Directors. Ms. Rosenzweig is the former Chief Executive Officer at Support.com.

LANCE ROSENZWEIG

New Board Appointments

Cheniere Energy (NYSE: LNG)

Appoints Scott Peak to the Board of Directors. Mr. Peak is a Managing Partner and Co-President of North America at Brookfield Infrastructure.

Cheniere Energy Partners (NYSE: CQP)

Appoints Matt Hutton and Matt Runkle to the Board of Directors. Mr. Hutton is a Managing Director at Brookfield Infrastructure and Mr. Runkle is a Senior Managing Director and Head of Renewables and Midstream at Blackstone.

Kinetik (NYSE: KNTK)

Appoints William Ordemann to the Board of Directors. Mr. Ordemann is the former Executive Vice President & COO at Enterprise Products Partners.

Spire (NYSE: SR)

Appoints Sheri Cook to the Board of Directors. Ms. Cook is the Chief Administrative Officer at Altec.

SHERI COOK

New Board Appointments

Ares Commercial Real Estate (NYSE: ACRE)

Appoints Bryan Donohoe to the Board of Directors. Mr. Donohoe is the Chief Executive Officer at Ares Commercial Real Estate.

Crown Castle (NYSE: CCI)

Steven Moskowitz named CEO and he is appointed to the Board of Directors. Mr. Moskowitz is the former Chief Executive Officer at Centennial Towers.

DiamondRock Hospitality (NYSE: DRH)

Promotes Jeffrey Donnelly to CEO and he is appointed to the Board of Directors. Mr. Donnelly is the former Chief Financial Officer at DiamondRock Hospitality.

New Board Appointments Resignations/Retirements

Howard Hughes (NYSE: HHH)

William Ackman resigns from the Board of Directors. Mr. Ackman is the founder and Chief Executive Officer at Pershing Square Capital Management.

STEVEN MOSKOWITZ

WILLIAM ACKMAN

New Board Appointments

Allegro MicroSystems (NASDAQ: ALGM)

Appoints Jennie Raubacher to the Board of Directors. Ms. Raubacher is a former Managing Director at Wells Fargo.

Angi (NASDAQ: ANGI)

Jeff Kip promoted to CEO and he is appointed to the Board of Directors. Mr. Kip is a former President at Panera Bread.

C3.ai (NYSE: AI)

Appoints Alan Murray to the Board of Directors. Mr. Murray is the Chief Executive Officer at Fortune Mediax.

Cardlytics (NASDAQ: CDLX)

Appoints Liane Hornsey to the Board of Directors. Ms. Hornsey is an EVP at Palo Alto Network.

Credo Technology (NASDAQ: CRDO)

Appoints Clyde Hosein to the Board of Directors. Mr. Hosein is the former Chief Financial Officer at AliveCor.

CS Disco (NYSE: LAW)

Eric Friedrichsen named CEO and he is appointed to the Board of Directors. Mr. Friedrichsen is the former Chief Executive Officer at Emburse.

EVgo (NASDAQ: EVGO)

Appoints Scott Griffith to the Board of Directors. Mr. Griffith is the former Chief Executive Officer at Ford Motor.

Marathon Digital (NASDAQ: MARA)

Appoints Vicki Mealer-Burke to the Board of Directors. Ms. MealerBurke is the former EVP, Human Resources & Chief Diversity Officer at Qualcomm.

RumbleON (NASDAQ: RMBL)

Appoints Michael Quartieri to the Board of Directors. Mr. Quartieri is the former Chief Financial Officer at Dave & Buster’s Entertainment.

Sprout Social (NASDAQ: SPT)

Ryan Barretto promoted to CEO and he is appointed to the Board of Directors. Mr. Barretto is the former President at Sprout Social.

Twilio (NYSE: TWLO)

Appoints Andy Stafman to the Board of Directors. Mr. Stafman is a Partner at Sachem Head Capital.

Verisk Analytics (NASDAQ: VRSK)

Appoints Gregory Hendrick to the Board of Directors. Mr. Hendrick is the CEO at Vantage Group.

LIANE HORNSEY

VICKI MEALER-BURKE

ANDY STAFMAN

New Board Appointments

Vimeo (NASDAQ: VMEO)

Philip Moyer named CEO and he is appointed to the Board of Directors. Mr. Moyer is the former Global VP, Artificial Intelligence, Applied Engineering & BD, Google Cloud at Google.

Resignations/Retirements

Block (NYSE: SQ)

Sharon Rothstein to leave the Board of DIrectors. Ms. Rothstein is an Operating Partner at Stripes Afterpay.

Ceva (NASDAQ: CEVA)

Gideon Wertheizer resigns from the Board of Directors. Mr. Wertheizer is the former Chief Executive Officer at Ceva.

GitLab (NASDAQ: GTLB)

Mark Porter resigns from the Board of Directors. Mr. Porter is the Chief Technical Officer at dbt Labs.

Nextdoor (NYSE: KIND)

Mary Meeker to leave the Board of Directors. Ms. Meeker is the Founder of Bond VC.

QuickLogic (NASDAQ: QUIK)

Radhika Krishnan resigns from the Board of Directors. Ms. Krishnan is a General Manager at Amazon Web Services.

RumbleON (NASDAQ: RMBL)

Melvin Flanigan resigns from the Board of Directors. Mr. Flanigan is the former Chief Financial Officer at Camping World.

TD Synnex (NYSE: SNX)

Robert Kalsow-Ramos and Matthew Nord resign from the Board of Directors. Mr. Kalsow-Ramos is a Partner, Private Equity, at Apollo and Mr. Nord is a Partner and Co-Head of Equity at Apollo.

PHILIP MOYER

SHARON ROTHSTEIN

MELVIN FLANIGAN

New Board Appointments

Comcast (NASDAQ: CMCSA)

Appoints Wonya Lucas to the Board of Directors. Ms. Lucas is the former Chief Executive Officer at Hallmark Media Networks.

Resignations/Retirements

Warner Bros Discovery (NASDAQ: WBD)

Steven Miron and Steven Newhouse resign from the Board of Directors. Mr. Miron is the CEO at Advance/Newhouse Partnership and Mr. Newhouse is the Co-President at Advance.

WONYA LUCAS

STEVEN MIRON

Board Appointments & Resignations April 2024

Private Corporations

Agital

Appoints Daniel Street to the Board of Directors. Mr. Street is the former CEO at Scorpion.

Black & Veatch

Appoints Andrea Bernica to the Board of Directors. Ms. Bernica is the Chief People Officer at Black & Veatch.

Celestial AI

Appoints Diane Bryant to the Board of Directors. Ms. Bryant is the former CEO at NovaSignal.

Fi

Appoints Tricia Gugler to the Board of Directors. Ms. Gugler is the former CFO at Whoop.

Lineage

Appoints Shellye Archambeau to the Board of Directors. Ms. Archambeau is the former CEO at MetricStream, Inc.

Newfront

Appoints Katherine August-deWilde to the Board of Directors. Ms. AugustdeWilde is a former executive at First Republic Bank.

Newman’s Own Inc.

Appoints Anne Laraway to the Board of Directors. Ms. Laraway is the CEO at Happy Family Organics.

SolarTech

Appoints Dan Reicher to the Board of Directors. Mr. Reicher is a Stanford senior research scholar, a clean energy entrepreneur, and an influential advisor in business and policy circles.

DANIEL STREET

SHELLYE ARCHAMBEAU

eb_sales@nortonlifelock.com

April 2024 Board Appointments Corporation Index

April 2024 Board Appointments Corporation Index

Exro

April 2024 Board Appointments Corporation Index

International Corporation 30

Omega Flex 110, 111

Omega Healthcare Investors, Inc. 34

Orthofix Medical

Overseas Shipholding

April 2024 Board Appointments Corporation Index

April 2024 Board Appointments Director Index

Aarti, Shah 80

Ackman, William 115

Adam, Crozier 40

Adrian, Dillon

. 46

Agarwal, Sunil 106

Alan, Higginson 81

Alissa, Hsu Lynch 52

Amer, Akhtar 33

Amy, Chang 41

Anders, Gustafsson

Andrew, McMaster

32

54

Andy, Barrengos 30

Anita, Ganti 48

Ann, Kono 51

Anne, Chow 45

Arun, Saha 73

Asam, Alexander ....

108

Asha, Keddy 55

Audet, Juliette 108

Babler, Martin 106

Baker, Felix 106

Baker, Felix 107

Barretto, Ryan

Barrington, Colm ....

116

98

Benjamin, Esty 79

Benjamin, Sun 82

Beschloss, Afsaneh 103

Bill, Smith 55

Bischofberger, Norbert 107

Blank, Simone

Bob, Matt ...

108

102

Bobby, Majumder 64

Bonney, Michael 106

Braly, Angela 99

Brandon, Shelton 41

Brannen, James 104

Brendan, Harrington.

.53

Bromley, Marcus 108

Buchanan, John 102

Burzik , Catherine 108

Calhoun, David 111

Camilla, Velasquez 57

Campbell, Shannon

Carl, Russo

103

66

Cheemin, Bo-Linn 37

Chitra, Nayak 69

Christiana, Riley 78

Clark, Richard 98

Cook, Sheri 114

Craig, Barbarosh

Cui, Min

Daniel, Rosenweig

David, Hoover

David, Eun

David, Rosenblum

David, Pyott

Deborah, Kochevar

Deborah, McAneny

Deepak, Ahuja.

Denise, Williams

Dennis, Lockhart

Roman

Dheeraj, Pandey

Dhingra, Kapil

Diane, Randolph

Dolan, Victoria

Don, Liu

Kassing

Donnelly, Jeffrey

Donohoe, Bryan

Doorenbos, Bobbi

Duriya, Farooqui

Dyke, Elmer

Edwards, Shirley

Elizabeth, Harrison

Emily, Chiu

Ernest, Moniz

Essig, Stuart

Eugene Taylor, Gary

Evelyn, Dilsaver

Farid, Ramy

Faye, Iosotaluno

Feller, Alan

Flanigan, Melvin

Flynn, Timothy

Foster, Suzanne

Francoise, Colpron

Michelle

Eric

Gentile, Thomas

Gerry, Lopez

Gilbert, Ghostine

Rose Marie

Krishnan, Radhika

Kunkel, Lori

Lane, Kathleen

Larson, Betty

April 2024 Board Appointments Director Index

Park, Seongsoo

Paul, Coppin

Paul, Irving

Paul, Caine

Lauren, Vaccarello

Laurie, Tucker

Lawrence, Jeffrey

Lester, Sussman

Levitan, Dan

Lisa, Caldwell

Lisa, Egbuonu-Davis

Lucas, Wonya

Maggie, Jones

Mani, Mohindru

Marc, Duber

Markee, Richard

Matt, Carter

Mealer-Burke, Vicki

Meeker, Mary

Meena, Krishnan 56

Meera, Rao 76

Mehta, Tarak 110

Melissa, Smith 49

Michael, Wishart

Michael, Gibbs 69

Michelle, Lee 55

Miron, Steven 118

Miron, Washington 76

Mohammad, Azab 36

Moskowitz, Steven

Moyer, Philip

115

Munish, Nanda 68

Murphy, John 110

Murray, Alan 116

Mythili, Sankaran 78

Neal, Michael 104

Newhouse, Steven...

Nick, Adamo

118

60

Niharika, Ramdev 75

Noel, Spiegel 41

Nord, Matthew 117

Olson, Laurie 111

Ordemann, William 114

Paul, Walsh

Paula, Lupriore

Payne, Christopher

Peak, Scott

Peter, McManamon

Peter, Pham

Phyllis, Campbell

Porter, Mark

Prager, Richard

Prama, Bhatt

Prat, Bhatt

Pressey, John

Priscilla, Hung

Priya, Huskins

Pullin, Dennis

Quartieri, Michael

Rachael, McCrary

Rachel, Lam

Raj, Mukherjee

Raj, Naik

Raj, Seshadri

Rajani, Ramanathan

Raman, Prakash

Raman, Chitkara

Rand, Alison

Rao, Ravi

Raubacher, Jennie

Ray, Oneglia

Renee, Tannenbaum 65

Renu, Agrawal 30

Rishi, Reddy

Robert, Cascella.....

Rockell, Hankin

Rod, Copes

Romano, Tio

Ron, Hovsepian

Ronaghi, Mostafa

Rosen, Tami

Roslyn, Dickerson

Sam, Hsu

April 2024 Board Appointments Director Index