Board Recruitment: June 2024

R.

GRETA HARRIS

A Message from the CEO of BoardProspects

Welcome to the June 2024 issue of Board Recruitment, BoardProspects’ flagship publication dedicated to keeping you at the cutting edge of corporate governance and boardroom composition. Our goal is to provide you with the tools and knowledge to make your boardroom better.

In honor of Pride Month, we present our third special feature of 2024: “75 LGBTQ+ Board Members Making a Difference.” With an introduction by Fabrice Houdart, founder of the Association of LGBTQ+ Corporate Directors, this piece celebrates the achievements of LGBTQ+ leaders in corporate governance and highlights the path to better representation at the individual, corporate, and regulatory levels. On behalf of the BoardProspects team, we are grateful to Fabrice for his time and energy and to the Association for their partnership and their much-needed work to advance LGBTQ+ representation in the boardroom.

In addition to this special feature, you’ll find two insightful articles from our BoardRoom Resource Partners:

• Sharpening the Board’s Focus on M&A Due Diligence (Source: Protiviti): Enhance your understanding of effective due diligence practices in mergers and acquisitions.

• Midyear Observations on the Board Agenda (Source: KPMG): Stay ahead of the curve with KPMG’s expert analysis on midyear trends and priorities for board members.

• As always, we welcome your feedback and suggestions. Your input is invaluable in helping us tailor our content to better serve your needs. Thank you for being a valued member of the BoardProspects community.

Mark Rogers Founder and CEO BoardProspects

Midyear Observations on the Board Agenda

Low visibility and high volatility aren’t new operating conditions, by any means. But the assumptions that have long driven corporate thinking—cost of capital and sources of energy, geopolitical norms and trade flows, the limits of technology and the security of data, workforce needs and expectations, and traditional competitive threats—continue to be shaken, some profoundly. In short, the fundamentals are changing.

Approaching midyear, business leaders are bullish on growth and the opportunities ahead. Some 87 percent of US CEOs are highly confident in the growth prospects of the US economy, 78 percent are highly confident in the growth of their company, and most expect to increase headcount over the next year.1 At the same time, the macro forces of generative artificial intelligence (GenAI), climate change, a multipolar geopolitical landscape, and the erosion of trust and healthy public discourse

are sobering the outlook and prompting deeper boardroom conversations about risk and strategy, talent, and what the future will look like for the company, corporate America, and the country. The following observations and insights— based on our ongoing work with directors and recent conversations with business leaders and luminaries at the 2024 KPMG Board Leadership Conference2—may be helpful as boards calibrate their agendas for the second half of 2024.

Globalization’s pendulum swing

The continuing pull-back on supply chains is likely just one indicator of a broader pendulum swing that’s reshaping the full-throttle globalization of recent decades. Shifting from the “cheaper-faster” strategies enabled by highly complex, decentralized supply chains to greater or even hyperlocalization and control of a company’s networks—suppliers, services, data/information—is clearly about resilience of the company. But concerns about the resilience of national economies—and of the global business arena at large—are also driving the momentum toward more centralized and local supply chains.

National industrial and security policies and “country-first” models are taking center stage, and de-risking and friend-shoring (particularly in strategic sectors like chip technology and critical minerals) are hedges against geopolitical shocks and exposure to arbitrary local rules. The recognition that the long run of growth driven by cheap capital, labor, and energy is giving way to the realities of a more challenging— and costlier—future is prompting conversations about the resilience of the global economic system.

As this globalization reset unfolds, companies will face pressing questions. Is the company prepared to operate in a higher-cost (of capital, green tech/energy, labor) environment?

What is the right balance between operating efficiently, maximizing

growth, and ensuring resilience? For corporate America more broadly: How will companies use their agency and creativity to help create value not only through consumer-driven growth, but to help build America’s economic and industrial assets and capabilities— including a healthy, educated workforce— to stay competitive in an increasingly multipolar world?

GenAI’s trajectory

“Go faster, but slow down” is a prevailing tension with GenAI adoption, perhaps second only to distinguishing the hype from the reality. It is quickly becoming clear that GenAI will transform the way we work, with substantial near-term gains in efficiency (as one speaker noted, productivity is one of the killer apps of GenAI). Longer term, the second— and third—order effects may produce a seismic shift in societal structures and change political and economic participation, with macro implications for business and society more generally.

While the trajectory of GenAI deployment is still uncertain, for many companies, 2024 will be the year they move from experimentation to larger-scale rollouts; 2025 may be the year of significant measurable results in workforce productivity; and in 2026, we may start to see some breakaway winners and losers, with significant business model implications and competitive fallout. (For more on where directors see GenAI heading at their companies, see our pulse survey.)

The companies that will excel in using GenAI technology at scale understand that it’s also a leadership journey. Fundamentally changing what people do every day and how they work will require leadership, as well as skills and knowhow to assess the company’s processes and workflows and to decide where to insert GenAI to improve productivity. Successful adoption will also require the refinement of risk management frameworks to mitigate critical risks related to inaccurate data and results, bias and hallucinations, intellectual property, cybersecurity, data privacy and compliance, reputation, and talent.

Starting with an inventory of where GenAI is used, boardroom conversations are focusing on the reason(s) GenAI is being used, who has algorithmic accountability, whose data the algorithms are being trained on, how the company is monitoring for data bias, and how third- and fourth-party risks are being managed.

Three broader issues also loom for society: the use of GenAI tools to create mis–, dis–, and mal–information (MDM), which can critically undermine trust in institutions and the rational contest of ideas; the increasing energy needs of GenAI—for computing and cooling systems—which adds a layer of complexity to the fight against climate change; and workforce-related issues such as upskilling, reskilling, and downsizing.

Soft landing or no landing?

A stunningly resilient economy over the past year has buoyed the outlook for

continued growth in the year ahead, though potential shocks and big question marks are tempering optimism: fragile supply chains—the massive cargo ship impact causing the collapse of the Francis Scott Key Bridge in Baltimore, Maryland, being a recent tragic example; escalating tensions in the Middle East; the outcome of the US elections and future outlook on US debt (and the US dollar); simmering inflation; record levels of corporate cash on the sidelines and the implications of 2018-vintage debt coming due; the startling emergence GenAI and discerning hype from reality in the search for productivity gains.

Markets still dislike uncertainty, but investors are perhaps becoming more accustomed to it, with expectations that companies lean into more rigorous scenario planning. Interpreting signs from the Fed—soft landing? No landing? Cutting rates to stimulate or to dial back restrictions?—is still part of the calculus, but determining where a company will place its biggest bets for the months ahead will increasingly depend on having a clear-eyed view of where the global political economy is headed. (See the latest economic analysis from KPMG Economics.)

The business of climate: A bumpy ride ahead

One of the defining characteristics of the next few years will be the messy and deeply contested transition away from fossil fuels. As we note in Climate in context: Geopolitics, business, and the board, a KPMG/ Eurasia Group paper, 2024 may be the coolest year of the rest of our lives. The urgency of climate risk continues to escalate as tangible impacts are felt in markets around the world, from drought hampering shipping through the Panama Canal to failing water supplies, wildfires and other extreme weather events, growing food scarcity, and migration crises.

Three factors are likely to determine whether/when the moment of disruption has arrived: the availability of viable alternatives, incentives to implement them, and readiness of the marketplace to adapt and accommodate them.

For much of the private sector, this tipping point and the transformational opportunities are already in view. Focused on growth potential and longerterm value creation—and pressed by investors and regulators— corporate capital is quickly emerging as a primary engine in the energy transition, with investments, knowhow, and innovation. Although the end point—a low/postcarbon economy—may be clear, expect a bumpy ride. Geopolitical contention, fragmented regulatory regimes and disclosure frameworks, technological innovations (and lagging infrastructure), and trade-offs between near- and

longer-term performance are making energy transition an epic undertaking. Astute boards are deepening their climate conversations.

Workforce (in)security

The complexity of issues factoring into talent and workforce well-being should result in chief human resource officers (CHROs) having a prominent voice and seat in the C-suite and in the boardroom. Among the most pressing challenges are continuing changes regarding where work gets done (e.g., remote work, return to the office); the impact of GenAI on how work gets done; growing employee unrest and the resurgence of labor unions; and intensifying scrutiny of diversity, equity, and inclusion (DEI) efforts.

In the past, technological change primarily impacted blue-collar workers, but with the arrival of GenAI, it’s whitecollar workers who are also anxious about job security. Benefitting from the productivity increases GenAI promises while maintaining a productive and engaged workforce will hinge on having clear plans to reskill, upskill, and crossskill employees, being honest about how their work is evolving, and offering a path for career development. Helping employees understand the mutual benefits of working with GenAI can be a helpful frame for the challenging workforce conversations and cultural changes ahead. As one speaker noted, “AI plus HI [human intelligence] equals the ROI.”3

The competition for talent continues to intensify, with the added challenges of evolving workforce demographics, employees from different generations working side-by-side, and many employees looking for something other than money and security from their jobs. Workplace wellness and wellbeing programs, including flexibility in where and how work gets done, are even more important to employees today than several years ago.4 And DEI (by whatever name) continues to demand leadership’s attention. In a country that is now as diverse as ever—yet also as divided as ever—the notion that increased diversity would be “the fix” is giving way to the understanding that inclusion is the decisive factor. Business leaders need to understand the mood of employees (and unions) and what motivates them, and respond in ways that lead to a strong corporate culture built on mutual trust and a vision for long-term value creation.

The regulatory front: Climate, GenAI, NOCLAR, cyber

With the SEC, California, and the European Union (EU) setting the pace, policymakers and regulators continue to sharpen their focus on climate change and sustainability issues, cybersecurity, and GenAI.

• On climate disclosures, the SEC’s order staying the final rules, pending completion of judicial review of the multiple challenges to the rules by the United States Court of Appeals for the Eighth Circuit, has created uncertainty

around the final rules,5 particularly given that it may take some time for the litigation to be resolved, but the scheduled compliance phase-in dates have not changed. This uncertainty poses a significant challenge for larger accelerated filers, whose earliest compliance obligations begin January 1, 2025 (for calendar-year filers). Many companies are also assessing whether they are subject to the California climate laws as well as EU and other international standards, some of which require reporting Scope 3 greenhouse gas (GHG) emissions data and other disclosures that are more extensive than what is required by the SEC’s rule.6

While the stay of the SEC final rules may reduce the sense of urgency for some companies, a “pens down” posture would likely be shortsighted given the proliferation of new and complex climate disclosure mandates, investor demands, and the SEC’s enforcement actions and comment letters. A key question for boards is whether management has the necessary talent, resources, and expertise—internal and external—to gather, organize, calculate, verify, and report the necessary GHG emissions data, and to develop the necessary internal controls and disclosure controls and procedures to support these and other 10-K disclosures and financial statement disclosures. For many companies, this will require a cross-functional management team (climate team) from legal, finance,

4. Stephen Miller, “Employers Broaden Well-Being Programs”, SHRM, September 4, 2019.

5. KPMG LLP, SEC stays its climate rule pending judicial review, Defining Issues April 2024.

6. KPMG LLP, Understanding the SEC’s climate rule, Defining Iusses, April 2024.

sustainability, risk, operations, IT, HR, and internal audit. At larger public companies, this team may be led by an ESG controller. Identifying and recruiting climate and GHG emissions expertise for a climate team—which may be in short supply— and implementing new systems to automate the data-gathering process will be essential.

• The AI regulatory landscape is developing at a brisk pace at the local, state, national, and global levels. Perhaps most notably, the EU’s AI Act is the first comprehensive attempt to regulate AI. It has broad, extraterritorial reach, covering any entity that is “placing on the market” or “putting into service” an AI system in the EU.7 Currently in the final stages of adoption, the EU AI Act takes a riskbased approach: AI uses deemed to pose an “unacceptable” level of risk (such as biometric categorizing and behavioral manipulation) are banned and other uses are placed within a risk tier, from high to low, with corresponding levels of compliance obligations. Penalties for violations are significant. Companies should understand whether they are subject to the EU AI Act and consider benchmarking their risk and compliance practices against it, as the EU AI Act is likely to be used by other regulators in crafting their own AI regulations.

• The PCAOB’s proposal on auditors’ responsibilities related

to noncompliance with laws and regulations (NOCLAR) should be closely monitored, as it would make sweeping changes to auditing standards. While there are differing interpretations of what the language would require, it has the potential to materially increase the scope of the audit by effectively requiring auditors to audit legal and regulatory noncompliance and alert appropriate members of management and audit committees when instances are identified.

• “Norms and expectations” are beginning to play out on the SEC’s final cybersecurity disclosure rules, 8 which require that companies report a material cyber incident on Form 8-K within four business days after determining that a cyber incident is material. Noting that some companies have voluntarily reported immaterial cybersecurity incidents on Form-8-K, some in the legal community have cautioned that “overdisclosure” can cause confusion and is not welcome by the SEC staff. Unlike most 8-K events, a cyber incident requires an ongoing evaluation of materiality.

7. Artificial Intelligence Act: MEPs adopt landmark law, March 13, 2024.

8. KPMG LLP, SEC finalizes cybersecurity rules, Defining Issues December 2023.

Digital threats and cyber readiness

Cybersecurity risk continues to mount, with GenAI tools aiding hackers in both the sophistication and efficiency of their efforts. The proliferation of criminal hackers, malware developers, and nation-state actors, the ubiquity of ransomware attacks, and ill-defined lines of responsibility for data security— among users, companies, vendors, and government agencies—are keeping cybersecurity risk high on board and committee agendas.

Readiness and resilience have become the critical watchwords for companies and boards today, recognizing the need not only for a robust cyber incident response plan, but also periodic tabletop exercises to simulate how a cyber incident might unfold.

The company’s cyber incident response policies and procedures should be reviewed and updated, as necessary. This would include a clear delineation of responsibilities of management’s cybersecurity and risk management teams, management’s disclosure committee, the legal department, and any outside advisors, as well as escalation protocols, and procedures for determining materiality and for the preparation and review of disclosures. Escalation protocols should also address when the board is notified and how internal and external communications are handled.

The ongoing threat posed by insiders— whether disgruntled or disengaged employees, hostile state-actors, or

third-party vendors offshore and under the radar—should also prompt regular assessment of the company’s process for deterring, detecting, and effectively responding to insider breaches.

Getting ahead of mis–, dis–, and mal–information (MDM)

The growing prevalence of MDM is also hitting the boardroom radar given the significant reputational risks it poses. Inaccurate information—no matter the type, source, or motive—continues to undermine trust and exacerbate polarization. GenAI technology gives the purveyors of MDM the ability to understand what resonates with their target audience and provides the tools to generate content—including deep-fake images, narratives, and voices—that is convincing enough to damage corporate reputations.

To get ahead of MDM, a company should first understand what disinformation narratives can materially impact the business, and who might be likely purveyors of MDM. What will cause investors, employees, or customers to lose trust in the company or its products and services? Second, what capabilities and processes does the company have in place (risk management, corporate communications, investor relations, corporate counsel) to prevent or counter disinformation? Having a clear narrative for the marketplace—and building a surplus of trust with customers—are essentials.

Talent, strategy, risk—a different TSR? The seismic changes and disruptions facing corporate America that were discussed at our conference are causing many boards to rethink their board oversight structure and processes, and how they are spending their time.

Some leading business thinkers are challenging the traditional measure of TSR (total shareholder return), emphasizing a reorientation of the board’s focus to help ensure robust attention to talent, strategy, and risk—a different take on TSR.9 These factors, they argue, determine more than any others whether a company creates long-term value.

Board conversations with the CHRO and CEO about talent typically take place during succession planning, but the deeper question for boards is how the organization handles the broader challenge of talent management. Getting out in the field to meet the company’s up-and-coming talent is more important than ever; talking with employees will provide directors with a ground-level view and potentially different messages from those they hear from management in the boardroom. The transformative developments in GenAI and related digital technologies aimed at increasing productivity should be prompting sharper board attention to employee training.

Major technology investments are only as effective as employees’ ability and propensity to use the tools. Given the current risk environment, which can seemingly impact strategic plans overnight, boards should vet the strategy

at every board meeting. Inextricably linked to strategy and talent, of course, is risk—particularly mission-critical risks, risk appetite, and risk culture—which permeates the enterprise.

America on the world stage

The world we see today, as one keynote speaker noted, has been developing for about 20 years—all in plain sight: Russian aggression, flashpoints and conflict eruptions in the Middle East, China’s rise, the resurgence of American isolationism, and a planet in the danger zone on climate. Taken together, these developments— with GenAI as a gamechanging variable—have made for a world that hasn’t been this unpredictable since World War II.

Having better situational awareness to support scenario planning and risk assessment will be vital to operating and strategic decision-making. To that end, understanding historical context and having geopolitical expertise in boardroom conversations can be illuminating. As a case in point, political polarization in the US historically has been as bad as (if not worse than) it is today. What’s different is the dysfunction and paralysis of the policy-making process. For America’s allies and the rest of the world, such paralysis means uncertainty and leaves little choice but to hedge—with other military alliances, economic/trade relationships, and currencies. What are the implications for a company’s operating footprint in an increasingly multipolar world?

To be sure, as a nation of risk-takers, America’s innovative muscle and ability to think differently continue to spark breakthroughs—from GenAI and green technologies to DNA science and privatesector space travel. How competitive America will continue to be, time will tell, and the post-election landscape will likely provide the next major signposts. But it’s clear that leadership from corporate America’s boardrooms will be a vital factor in driving the risk-taking, guardrails, and resilience that business and society will need in the months and years ahead.

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

Sharpening the Board’s Focus on M&A Due Diligence

By David Haufler and Torin Larsen

Whether an acquisition is a stand-alone, complementary entity, or an integration, the due diligence process is undergoing a paradigm shift due to the higher cost of funding and the impact of failed transactions. Boards should expect a more aggressive focus on due diligence.

How has the due diligence process changed in recent years? For sure, the complexity of certain topics, such as environmental impacts, the supply chain, cybersecurity, and data privacy, has increased. When COVID-19-triggered border closings and government lockdowns precluded in-person meetings, the data-gathering process underpinning dealmaking was driven by videoconferencing. That practice continues in the post-pandemic world to increase efficiency, consistent with the high-touch, high-tech hybrid approach so prevalent in business.1

But the more important shift is due to

cheap money becoming a relic of the past. It enabled buyers to raise funding to execute deals, putting sellers in an advantageous “sellers’ market” whereby they could emphasize speed and competition by limiting the time available for buyer due diligence. As the cost of capital rises, however, sellers’ influence over due diligence wanes, and the mergers and acquisitions (M&A) space shifts toward a “buyers’ market,” which allows buyers to exert more control over the scope of the due diligence process.

Thus, traditional due diligence has given way to a risk-based approach that considers the higher cost of capital and potential issues that could frustrate the combined entity’s achievement of the value expected from the acquisition. This shift in due diligence is toward a deeper dive into several areas through more focused questions.

In the discussion below, our intention is not to add yet another list of questions

1. “Adapting to the ‘New Normal’: Best Practices in M&A Due Diligence,” by Richard Summerfield, Financier Worldwide, June 2022: www.financierworldwide.com/adapting-to-the-new-normal-best-practices-in-ma-due-diligence.

to the literature. Rather, our focus is to suggest the most important questions directors should ask during the due diligence process in specific areas. Fundamental to the process is the “primary asset” question: What are we buying? Answers to this question influence so much of the deal preparation, due diligence, and integration and separation planning and execution processes that it must be answered early and repeated often.

The M&A focus is driven by the “what,” as needs can shift dramatically depending on the primary asset being acquired (e.g., technology, customer relationships, intellectual property, workforce, licenses, and contracts). Key questions include:

• What is the primary asset acquired in this transaction? How does it support our strategic objectives? Are we buying capabilities or seeking cost synergies?

• What asset-specific considerations do we need to make? How is the due diligence process affected by these considerations?

• Could we develop this primary asset more cost-effectively if we built it ourselves?

With this context, we address six areas of interest. We acknowledge that there may be others.

Supply chain resilience. With the pandemic exposing the fragility of global supply chains, third-party evaluations have become increasingly important. In this post-pandemic world,

there is a need to evaluate all aspects of a supply chain that the target may use going forward. This means careful assessment of worst-case scenarios and structuring the diligence questions to focus on them, given the target’s supplier and third-party dependencies, and reviewing documented, actionable response plans and established accountabilities for the execution of those plans.

The M&A focus is driven by the “what,” as needs can shift dramatically depending on the primary asset being acquired (e.g., technology, customer relationships, intellectual property, workforce, licenses, and contracts).

Relevant questions include:

• Who are the target’s key suppliers, and do vulnerabilities exist within the supply chain looking all the way upstream to second- and thirdtier suppliers, considering financial stability, concentration risk, and potentially disruptive bottlenecks to inbound logistics?

• What is the target’s global footprint, and how could it impact the supply chain? Where are materials-handling processes being administered? What contractor or talent relationships are in place, and how do they work together with the materials supply chain?

• Are there any sustainability or social responsibility issues embedded in the target’s supply chain that are not aligned with our company’s values and could present post-acquisition reputational issues?

• Are there potential value-creating synergies between the target’s supply chain and our supply chain that will facilitate future growth?

• If the transaction is an integration, can major supplier contracts be voided post-acquisition to realize expected savings and efficiencies?

• What are the target’s other significant third-party relationships, and do the contractual relationships with them present any post-acquisition concerns?

Due diligence of talent can identify risk, enhance transaction value and provide integration clarity and direction.

Talent pipeline and retention.

Due diligence of talent can identify risk, enhance transaction value, and provide integration clarity and direction. While attrition rates have returned to historical pre-pandemic averages2, companies are asking how they can best identify and retain talent during due diligence rather than after the deal is consummated. Talent retention can make or break a deal. Relevant questions include:

• Who are the target’s top performers who harbor the experience and institutional memory needed to ensure post-acquisition success? Among them, who presents the greatest flight risk, and what steps should we take sooner rather than later to retain them? Are any of these performers of such value to the business that a non-compete agreement is needed before the deal is signed? If the target represents that noncompetes exist, have we validated that representation? Are the non-competes in place valid under existing legal constraints?

• Is there sufficient bench strength to facilitate succession planning?

• How does the target’s culture differ from ours? What are the workplace expectations (e.g., remote, hybrid, inperson)? What steps should we take to accelerate the integration process in assimilating the two cultures and enabling effective team-building?

• Do the target’s employee contracts include contractual obligations that could impact deal-pricing negotiations (e.g., change-of-control clauses, termination payments, or mandatory outplacement costs)? Are the appropriate costs accrued on the target’s balance sheet?

Environmental, social, and governance (ESG):

Evaluating the ESG performance of M&A targets has become an integral part of the due diligence process,

2. “The ‘Great Resignation’ — a Trend That Defined the Pandemic-Era Labor Market — Seems to Be Over,” by Greg Iacurci, CNBC, May 31, 2023: www.cnbc.com/2023/05/31/great-resignation-trend-defining-pandemic-era-labor-market-seems-over.html.

particularly regarding environmental issues. The focus is shifting from a qualitative perspective that considers the target’s stated values, marketing communications, and other external reports to a review of its ESG quantitative performance. It should focus on identifying ESG initiatives and issues that present significant post-acquisition opportunities and risks to the combined company’s bottom line, reputation, and external reporting. Relevant questions include:

• Does the target have an ESG strategy? What ESG procedures, policies, processes, and disclosure controls does it have in place?

• What ESG metrics does the target create and monitor?

• What is the target’s track record related to ESG? Whether it is negative or positive, how does that record impact the deal?

• Are there environmental, legal, and regulatory exposures that the buyer would have to assume postacquisition?

The focus should be on identifying ESG initiatives and issues that present significant post-acquisition opportunities and risks to the combined company’s bottom line, reputation and external reporting.

Cybersecurity and data privacy: Due diligence cannot ignore cybersecurity issues. Too often, these issues lie hidden in the weeds. Here are two examples to illustrate this point:

• After acquiring Starwood Hotels in 2016, Marriott discovered a data breach within the Starwood guest reservation database in 2018 that had been ongoing for two years prior to the acquisition. Having exposed the personal information of about 500 million guests, the breach led to regulatory investigations, lawsuits, and the loss of customer trust.3

• Prior to closing its acquisition of Yahoo seven years ago, Verizon discovered two massive cyberattacks that resulted in a $350 million reduction in the acquisition price.4

The target’s data management strategy and processes are also important considerations. The risks, associated penalties, and fines could amount to significant unrecorded liabilities on the target’s balance sheet. For example, following the Marriott breach mentioned above, the United Kingdom levied a fine of £99 million for violation of British citizens’ privacy rights under the European Union’s General Data Protection Regulation, citing the company’s failure to exercise sufficient due diligence on Starwood’s IT infrastructure.5

3 “Marriott Data Breach FAQ: How Did It Happen and What Was the Impact?” by Josh Fruhlinger, CSO, February 12, 2020: www. csoonline.com/article/567795/ marriott-data-breach-faq-how-did-it-happen-and-what-was-the-impact.html.

4 “Verizon, Yahoo Agree to Lowered $4.48 Billion Deal Following Cyber Attacks,” by Anjali Athavaley and David Shepardson, Reuters, February 21, 2017: www.reuters.com/article/idUSKBN1601EK/.

5 “Marriott Data Breach FAQ: How Did It Happen and What Was the Impact?”

Relevant questions pertaining to cybersecurity and data privacy due diligence include:

• Does the target have a strategy to identify and mitigate cyber breaches? Has it invested sufficiently to execute that strategy effectively?

• If cybersecurity risks are present in the target’s systems and infrastructure, are our decisions regarding the impact of these risks on the deal being made at the right levels? Given the time frames and resource constraints, how are we avoiding poor decisions?

• Given our assessment of the target’s threat landscape and cybersecurity capabilities, have we established a post-acquisition strategy for addressing identified and potentially unidentified risks? What preventive measures do we have in place to reduce the risk of the acquired environment contaminating our company’s existing systems and data?

• Do we have appropriate insurance underwriting for the transaction to cover risks that weren’t disclosed or identified?

• What is the target’s policy for collecting, processing, storing, using, sharing, archiving, monetizing, and destroying personal data and for compliance with applicable data privacy laws and regulations?

Compliance with laws and regulations. While this topic is implicit in the areas discussed above, it merits a separate mention because companies acquiring a business ordinarily assume its unrecorded liabilities. Accordingly, a due

diligence review of the compliance function is in order. Relevant questions to ask include:

• What is the target’s history of compliance with laws and regulatory requirements, including its regulatory strategy, internal policies, results of internal and external audits and regulatory reviews, and overall compliance culture?

• What are the company’s protocols and processes for remediating control deficiencies and addressing new regulatory requirements?

• Are there aspects of the target’s operations that expose it to corporate misconduct (e.g., the nature of its operations, where it operates, or unrealistic performance incentives)? Have there been instances of corporate misconduct in the past?

• Do we have legal advisers who can provide input on compliance, antitrust, securities, and other issues germane to the transaction?

Realizing the true value of a deal relies upon successful integration and utilization of the target acquired. This reality places a premium on day-one preparation and readiness.

Integration effectiveness. With expectations of a 2024 rebound in M&A activity after a decade-low 20236, is the company’s readiness sufficient to engage in the process? Realizing the true value of a deal relies upon successful integration and utilization of the target acquired. This reality places a premium on dayone preparation and readiness. Relevant questions to ask:

• Have we evaluated prior acquisitions and assessed the effectiveness and efficiency of our integration process? What lessons have we learned? If this is our first time executing a deal, do we have the right knowledge and advisers in place to complete the integration successfully?

• Are there aspects of the target’s operations to be integrated into our operations that warrant planning and preparations before the deal is consummated so that the integration process hits the ground running post-acquisition (e.g., the workforce, key processes and systems, and sources of supply)?

• Have we allocated the appropriate resources needed to execute an integration? Is our leadership team for executing the integration and each functional workstream defined?

• What synergies and dis-synergies are planned? Were they appropriately considered in the purchase price? Do our integration plans enable synergy capture?

• What major changes are we expecting, and what change management plans are in place?

In addressing the above areas, it is important to keep in mind the sustainability of the target’s governance plumbing. In this age of disruptive change, unexpected developments are the norm. Over the last two to three years, how has management reacted to unexpected speed bumps? How did they manage a crisis event? Penetrating questions addressing the resilience of the organization in responding to challenging issues and the unexpected can offer transparency regarding the target’s leaders and their values and behavior under fire.

While due diligence focuses on identifying risks, confirming relevant financial information and other facts, verifying or identifying critical deal points, reviewing existing contracts, and establishing a road map to address a transaction’s core issues via integration or separation planning, there are important questions and activities pertaining to the above areas that are germane after the deal is completed. These questions present opportunities for post-acquisition follow-up. We explore some of these questions in a supplement to this issue of Board Perspectives: www.protiviti.com/US-en/ newsletter/bp175-board-focus-mergers-acquisitions-supplement.

• What are the costs of integrating the target, and do they drive any frontend or pricing impacts?

6. “Dealmakers See Rebound After Global M&A Volumes Hit Decade-Low,” by Anirban Sen and Anousha Sakoui, Reuters, December 21, 2023: www.reuters.com/markets/deals/dealmakers-see-rebound-after-global-ma-volumes-hit-decade-low-2023-12-21/.

75 LGBTQ+ Board Members Making a Difference

By Fabrice Houdart, Executive Director of the Association of LGBTQ+ Corporate Directors

At the Association of LGBTQ+ Corporate Directors, we firmly believe that giving visibility to diverse LGBTQ+ Board talent is crucial to ensuring Boardroom excellence. In celebration of Pride Month 2024 and the second anniversary of the Association (created in June 2022), we are tremendously proud to join forces with our partner, BoardProspects, to present the inaugural list of “75 LGBTQ+ Board Members Making a Difference.”

This list features an elite group of Board leaders selected for their unique talents, expertise, and grit, which they employ in corporate boardrooms across various industries in the United States. These board members best illustrate our view

that LGBTQ+ Board Diversity is not a “woke” agenda but a business one. The State of LGBTQ+ Representation Despite growing social acceptance and fairness in business, LGBTQ+ representation in the boardroom remains strikingly low. As highlighted in our 2023 LGBTQ+ Corporate Board Monitor, openly LGBTQ+ individuals occupy just 0.6% of Fortune 500 board seats and 1.2% of NASDAQ ones, while surveys show that LGBTQ+ identities represent a striking 7.6% of Americans1. This underrepresentation is not due to a lack of talent but rather systemic barriers and biases that have persisted for decades.

1. Jones, Jeffrey M. “LGBTQ+ Identification in U.S. Now at 7.6%: More than one in five Gen Z adults identify as LGBTQ+.” Social & Policy Issues, March 13, 2024.

Overcoming Barriers

Our past research has identified three primary barriers to LGBTQ+ representation in the boardroom:

1. The Lost Generation: Many LGBTQ+ leaders in their 60s and 70s faced significant discrimination early in their careers, preventing them from reaching the top echelons of the business world. Additionally, the HIV/ AIDS epidemic had a devastating impact on the subsequent generation of gay men, further depleting the pool of potential board candidates.

2. Industry Biases: Historically, LGBTQ+ professionals were concentrated in so-called “gay-friendly” industries like entertainment and fashion. Although this has expanded to include law, finance, and tech, many industries still lack LGBTQ+ representation. For example, manufacturing companies listed on the NASDAQ have less than 0.2% of Board Members who selfidentified as LGBTQ+ in the Board Diversity matrix included in their proxies.

3. The Network Gap: Many LGBTQ+ individuals have been excluded from traditional networking spaces, the “Country Club effect,” which is critical for board recruitment. This exclusion has created a vicious cycle of underrepresentation.

The Path Forward

Despite these challenges, ample LGBTQ+ board talent is available. Among the 600+ members of our Association, 24% have CEO experience, 60% C-suite experience, and 59% have prior board experience. However, these qualified candidates often must be made aware of nominating and governance committees.

To break this cycle of exclusion, we must focus on:

Targeted

Governance

Networking

: LGBTQ+ candidates must proactively seek visibility and networking opportunities within the governance space.

Company Initiatives: Boards and recruiters must actively seek out LGBTQ+ candidates and commit to including at least one LGBTQ+ individual in their nominee pools.

Regulatory Support: Policies like the Nasdaq Board Diversity Rule, which requires companies to disclose the diversity of their boards, can be gamechangers in promoting LGBTQ+ inclusion, and we would love companies to adopt these disclosures voluntarily.

Celebrating Our Honorees

The 75 individuals identified by BoardProspects on this year’s list are not just making a difference in their respective companies but also paving the way for future generations of LGBTQ+ leaders. Time and time again, young professionals have told us how

meaningful it is to read about LGBTQ+ talent at the top of business and their contributions. Their presence in the boardroom challenges the status quo and demonstrates the value of diverse perspectives in corporate governance.

As we celebrate these exceptional directors, we also acknowledge that equity in the boardroom is still a work in progress. We are committed to continuing our efforts to amplify LGBTQ+ voices and ensure that boardrooms across America reflect our society’s rich diversity.

Please join us in congratulating the 2024 “75 LGBTQ+ Board Members Making a Difference” and supporting our mission and that of BoardProspects to create more inclusive boardrooms for all.

Caryl Athanasiu

Caryl Athanasiu is a former C-suite banker with Wells Fargo serving as Chief Risk Officer for Wholesale Banking, Enterprise Chief Operational Risk Officer, Head of Corporate Banking (west), and leading enterprise functions including strategic planning and corporate finance. Athanasiu also worked with McKinsey as a Senior Advisor on risk management and payments.

“Caryl is a builder. She engages deeply with the business, team and fellow directors to help achieve high growth, high integrity outcomes. Caryl brings a rare combination of deep financial industry experience and entrepreneurship to her role. She also brings high energy and heart, never leaving any doubt that she is all in.”

Julie Averill

Julie Averill is the Chief Information Officer and Executive Vice President at lululemon, a global athletic apparel company. Prior to joining lululemon, Averill served as REI’s first Chief Information Officer. Before REI, Averill spent a decade at Nordstrom where she held several key positions on the company’s IT leadership team.

“Julie was selected for her remarkable leadership in technology within the retail sector. Her previous roles as REI’s first CIO and a decade of IT leadership at Nordstrom demonstrate her significant impact in driving digital innovation. Julie’s extensive experience with leading household name companies makes her a distinguished leader in corporate governance.”

– THE BOARDPROSPECTS TEAM

– KAREN WHITE, Board Member at Varo Bank

Current Boards: Varo Bank and One Mind

Current Boards: Indochino

Current Boards: Ad Fontes Media, Elemeno Health and The Contemporary Austin

Previous Boards: Hideaway Report, Mission Capital, and TextureMedia

Crista Bailey

Crista Bailey is the Chief Business Development Officer at Him For Her, a social impact venture amplifying networks by connecting CEOs and investors with exceptional, under-networked board talent. Prior, she led turnarounds and exits for two consumer brands, Andrew Harper’s Hideaway Report and TextureMedia. Crista spent more than two decades in entrepreneurial, operating roles leading, launching, reviving and growing emerging consumer brands and reinvigorating iconic ones, including with Ticketmaster Citysearch, IAC, Austin City Limits, Lollapalooza, Nestle, and J Walter Thompson.

“When Crista first joined she had a zoom profile with a power pose-- huge smile and arms up! It perfectly captured what Crista brought to our board: An informed enthusiasm and energy, imbuing our company leadership team with confidence. Crista helped us build the right culture, focus on the right KPIs, and, as a true independent board member, balance the interests of all parties in even the toughest of times.”

– ARUP ROY-BURMAN, Founder at Elemeno Health

Inga Beale

Dame Inga Beale is the former Chief Executive Officer at Lloyd’s of London, the global insurance market. Before joining Lloyd’s, Inga was Group CEO of Canopius, an insurance company with its principal operations at Lloyd’s. Prior to that she was a member of the Global Management Board of Zurich Insurance Group in Switzerland. Earlier roles include Group CEO of Swiss reinsurer Converium (now SCOR), and a variety of international leadership positions for GE Insurance Solutions where she was based in the UK, USA, France and Germany. She started her career with Prudential in London.

“Working with Inga as a fellow board member is a privilege. Inga is a versatile person, having a clear view, sometimes out of the box. And that is what you like in a diverse supervisory board. Inga is also a very nice person to work with and does really make an impact. A power lady, a team player, always in a constructive way.”

– ROB LELIEVELD, Board Member at NN Group N.V.

Current Boards: Crawford & Company (USA), NN Group NV (Netherlands), and Willis Towers Watson plc (Ireland)

Previous Boards: Mediclinic International plc (UK)

Current Boards: ZimmerBiomet & Leap Guaranty

Previous Boards: Principal Financial Group, Servo Group PLC, United Technologies, URS, and Telular

Betsy Bernard

Betsy Bernard is the former President of ATT. Prior to that role she held the position of EVP and Division President at Qwest/USWest, SBC, Pacific Bell, as well as CEO of Avirnex Communications.

“Betsy is a fantastic board member, bringing decades of operational experience and leadership. She is always well prepared and has great insights. I truly value Betsy as a peer and a friend!”

– TESSA

HILADO, Board Member at Zimmer Biomet

Paula Boggs

Paula Boggs fronts the “Seattle-Brewed Soulgrass” Paula Boggs Band, is a voting member and governor of The Recording Academy’s Pacific Northwest Chapter and owns Boggs Media, LLC. She is also a seasoned executive, board member, speaker, writer and Army Airborne (paratrooper) veteran, who led the global law department of Starbucks Corporation 10 years. Before Starbucks she was an executive in the technology industry, a law firm partner, federal prosecutor, U.S. Army Captain and one of America’s first women to receive an appointment to the U.S. Naval Academy. She was appointed by President Obama to the President’s Committee for the Arts and the Humanities and White House Council for Community Solutions. She served 26 years in the American Bar Association’s (ABA) House of Delegates and on its Board of Governors. After serving 18 years as a Johns Hopkins University Trustee, Boggs is a Trustee Emerita.

“Paula brings a wealth of board and legal experience to Banzai’s board. She is cool and collected even in heated situations. She has been a major champion for diversity on our board and has worked to improve that.”

– JOE

DAVY, CEO and Chairman at Banzai

Current Boards: Banzai, Newport Festivals Foundation, Life Board Member Seattle Symphony, and Greater Seattle YMCA

Previous Boards: Avid, Fender Musical Instruments Corporation, School of Rock LLC, Sterling Financial Corporation, Premera Blue Cross, and Pinnacle Holdings, Inc.

Current Boards: Macy’s

Previous Boards: The Finish Line

Torrence Boone

Torrence Boone is the VP - Global Client Partnerships at Google. He drives Google’s strategy and multi-billion dollar business across a portfolio of the world’s largest global advertisers, spanning the tech, health/beauty and CPG verticals. In this capacity, he leads a team focused on global strategic partnerships that deploy diverse Google products to achieve business transformation and breakthrough marketing results. Boone also co-leads Google’s New York office, the second largest in the network, and serves on Google’s Global Business Hiring and Promotion Committees. Prior to Google, Boone held senior positions with WPP, Publicis and Bain.

“Torrence’s diverse perspective is a valuable asset for our board and our company. He champions diversity in our talent pool, which enables us to attract and retain a wider range of customers and strengthen our long-term strategy and collective vision for Macy’s, Inc.”

– TONY SPRING,

Chairman and CEO at Macy’s

Gary Boston

Gary Boston is a private investor and served as Portfolio Manager and Senior Portfolio Manager at APG Asset Management, a leading global manager of pension assets, from July 2005 until May 2016. Prior to joining APG Asset Management, Boston spent ten years as a senior analyst covering the U.S. real estate investment trust sector on research teams at the investment banks Citigroup and PaineWebber.

“Gary was chosen for his experience in the financial sector, highlighted by his roles at APG Asset Management, Citigroup, and PaineWebber. As a former senior analyst and portfolio manager specializing in the U.S. REIT sector, his deep industry knowledge and analytical expertise have been instrumental in shaping financial strategies. Gary’s professional achievements showcase his significant contributions to the industry.”

– THE BOARDPROSPECTS TEAM

Current Boards: Terreno Realty Corp

Previous Boards: Retail Value Inc.

Current Boards: Verona Pharma plc and Panavance Therapeutics Inc

Previous Boards: Montgomery County

Economic Development Corporation

James Brady

James Brady most recently served as Chief Financial Officer of MedImmune, the biologics discovery and development division of AstraZeneca. Throughout his career at AstraZeneca, James had P&L and management responsibilities for significant operating units and finance functions including MedImmune, the Asia Pacific Region, US Government, Policy and Managed Markets, and Global Marketing. James also served as the Chief Audit Executive for AstraZeneca.

“Jim’s strong financial background is quite valuable to Panavance as the company does not have a full-time CFO. He has a strong attention to detail and experience in navigating management of auditors. He is adept at asking relevant questions at the right level, which results in good discussions. Jim does not hesitate to get involved or assist in all matters of the company. He is a strong partner of the board and inspires confidence and collaboration.”

– CYNTHIA

COLLINS, Board Member at Panavance Therapeutics

“Jim is a model fellow director. He asks insightful questions, is always willing to engage in meaningful discussions, and listens to all views before coming to a decision. Jim brings his industry expertise as well as his substantive experience to his role of director and Chair of the Audit Committee.”

-

MARLA PERSKY, Board Member at Panavance Therapeutics

Beth Brooke

Beth Brooke is the former Global Vice Chair, Public Policy at EY and was a member of EY’s Global Board. Beth oversaw public policy for the firm’s operations in 150 countries and was the global sponsor for EY’s Diversity and Inclusiveness (D&I) efforts. She has been named eleven times to Forbes “World’s 100 Most Powerful Women” (MPW) list, and has been inducted into the Indiana Basketball Hall of Fame. Beth is passionate about using her leadership platform to make a difference in the world. She is a devoted advocate for the advancement of women and LGBT Inclusion.

“It was wonderful to work with Beth. Her knowledge and experience (and maybe most importantly, steady hand) helped to guide us when it was needed. I would look forward to working with Beth again in the future..”

– SEAN SAINT, CEO and Board Member at Beta Bionics

Current Boards: VERITY Now, The New York Times Company, eHealth, SHEEX, the US Olympic and Paralympic Committee and the Lehigh Valley Health Network

Previous Boards: EY

Current Boards: MetroNet, ContourGlobal, Albioma, ON*Net Fibra Chile, ON*Net Fibra Colombia, Nexo LatAm, and Monterra Energy

Previous Boards: ADNOC Oil Pipelines

Neil Brown

Neil Brown is Managing Director, KKR Global Institute and KKR Infrastructure & Climate. He works at the intersection of finance and geopolitics to navigate global complexity, open new markets for investment, and advance investment solutions for climate, energy, and digitization. He is also a Senior Fellow at the Atlantic Council’s Global Energy Center. Prior to KKR, Brown served as Senior Staff of the U.S. Senate Foreign Relations Committee and worked with refugees in Asia and Africa. He’s a board member of the Association of American Rhodes Scholars and Merton College Charitable Corporation. A born Iowa farmer, he loves skiing and surfing.

“Neil’s selection is based on his exceptional work at the intersection of finance and geopolitics as Managing Director at KKR. His expertise in navigating global complexity and advancing climate, energy, and digitization investments, alongside his experience on the U.S. Senate Foreign Relations Committee, underscores his unique professional journey. Neil’s contributions to finance and global policy highlight his impact in these areas.”

–

THE BOARDPROSPECTS TEAM

Zach Buchwald

Zach Buchwald is Chairman and Chief Executive Officer of Russell Investments, a global investment solutions provider with over 85 years of experience in the industry and $300 billion in assets under management. Buchwald is responsible for driving the firm’s global business strategy, fostering a culture of authenticity, integrity and excellence, and championing solutions that implement great portfolios through a multi-manager framework. Buchwald joined Russell Investments in 2023 from BlackRock, where he served as the head of its $2 trillion Institutional Business.

“Zach Buchwald is a visionary leader who understands the investment landscape and client challenges like the back of his hand. His business acumen has steered Russell Investments towards greater competitiveness, but what sets Zach apart is his leadership style – it’s authentic, it’s knowledgeable, and it benefits everyone involved – clients, employees, and investors. He doesn’t just solve problems, he takes emotional ownership and leads his team to innovate and add immense value.”

–

JONATHAN

BAUM, Board Member at Russell Investments

Current Boards: Russell Investments and Challenge Seattle

Current Boards: Vanguard, the University of California, Berkeley School of Engineering and Santa Clara University’s Leavy School of Business, and Lesbian’s Who Tech

Previous Boards: Out & Equal

Tara Bunch

Tara Bunch is the head of global operations at Airbnb where she oversees community support, trust and safety, and payments for Hosts and guests in 220 countries and regions. She is the former vice president of AppleCare at Apple and previously served as a senior vice president at Hewlett Packard.

“Tara is a strategic and purpose-driven leader, who brings profound technical expertise and a deeply-rooted client-service mindset to Vanguard’s Board of Directors. Her thoughtful perspective is central to our ability to bring to life Vanguard’s mission to give investors the best chance for investment success.”

– MARK LOUGHRIDGE, Board Member at Vanguard

“Tara has been terrific to work with. Besides a wealth of experience in operations and customer service, she also brings to the table valuable strategic insights and a good sense of humor. I’m always curious to hear what she has to say.”

– LUBOS PASTOR, Board Member at Vanguard

Laurie Burns

Laurie Burns spent 17 years in C-Suite and senior executive positions with Darden Restaurants. As Chief Development Officer reporting to the CEO, Laurie optimized real estate value through the separation of a portion of the real estate assets by completing the spin-off of 424 properties into a separate, publicly traded REIT (Four Corners Property Trust, NYSE: FCPT), and selling 64 properties individually as sale leasebacks, enabling Darden to retire ~$1Bn in debt. Burns served as President of Darden’s Bahama Breeze Island Grille business unit for ten years where she led the turnaround and return to growth and success for the brand. She also co-led the formation of the Pride Alliance (LGBTQ+ employee resource group) and served as its Executive Advisor. Prior to Darden Burns held real estate development positions of increasing responsibility in the restaurant/hospitality industry. Throughout her career Laurie has developed over 600 restaurants and 27 limited-service hotels.

“I learn so very much from Laurie, with her substantive knowledge of the industry. She undertakes her responsibilities in an exceptional manner. She brings a very calm and rational approach to the role especially in her leadership as Chair of the Compensation Committee. She emanates integrity and character and asks important and meaningful questions. I trust Laurie impeccably and feel honored to serve with her on the SVC board.”

Current Boards: Service Properties

Trust and University of Florida College of Business Advisory Council

Previous Boards: Women’s Food Service

Forum and City of Orlando Historic Preservation

– DONNA FRAICHE, Board Member at Service Properties Trust

Current Boards: Peapack Gladstone Bank and The Normandy Institute

Previous Boards: Deutsche Bank USA, Deutsche Bank Securities, Deutsche Bank Foundation, and University of Connecticut Foundation

Patrick Campion

Patrick Campion is an experienced financial services operating executive delivering exceptional performance and growth within strong risk and compliance frameworks. He leverages more than 20 years of expertise leading US regional and international teams at Deutsche Bank, HSBC and Citi Private Bank, driving both financial and cultural transformations through crises, perpetual change, and an evolving regulatory landscape. A member of multiple bank boards and executive committees, he sets a tone of transparency and risk-mindedness from the top, resulting in a strong personal brand and enhanced regulatory relationships. A visible LGBT executive, he is a long-standing advocate for diversity with a strong reputation for recruiting, developing, and retaining superior talent.

“Patrick joined the Peapack-Gladstone Financial Corporation board in 2023 and has proven to be an integral part of our growth plan. His 30 plus years as an executive, leading private banking and wealth management business in New York City and across the Americas, along with his innovation and drive to elevate performance, while encouraging diversity of thought and experience, has helped us launch our brand in the New York metro and beyond. We are proud to have him on our team.”

– DUFF MEYERCORD, Chair of the Board at Peapack-Gladstone Financial Corporation

Carlos Campoy

Mr. Campoy is a Board Director and retired public company CFO, known for his strategic financial leadership in the highly regulated life sciences industry. With a global business perspective, Mr. Campoy has a proven track record of leading culturally diverse organizations through growth and transformational change. He is the former CFO of CytomX Therapeutics and of Alder Biopharmaceuticals. Previously, Mr. Campoy held several global executive positions with Allergan and Eli Lilly.

“Carlos brings to Zyme BOD an impressive global strategic executive experience, great work ethic and, equally important, a contagious smile and positive attitude.”

– ALESSANDRA CESANO, Board Member at Zymeworks

Current Boards: Zymeworks Inc.

Current Boards: Edison International, Southern California Edison, Capital Group’s American Funds, Amplify, Inc., the David & Lucile Packard Foundation, and Stanford University

Michael Camuñez

Michael Camuñez is the President and CEO of Monarch Global Strategies, a binational strategic consulting firm. With over 25 years of combined service in the private and public sectors, including at the White House, the U.S. Department of Commerce, and the U.S. Commission on Security and Cooperation in Europe, Camuñez has an intimate knowledge of the workings of the U.S. government, strong relationships with a range of economic policy makers around the globe, and a unique combination of political, legal, corporate governance, economic and international expertise.

“Michael is an intelligent, articulate and valuable member of our board at EIX. His ability to focus in on our customers and employees from an external point of view is very helpful.”

– JEANNE

BELIVEAU, Board Member at EIX Edison International

R. Martin Chavez

R. Martin Chávez is a partner and vice chairman of Sixth Street. He is widely known for revolutionizing the role of computer scientists on the trading floor. Prior to Sixth Street, he served in a variety of senior roles at Goldman Sachs, including Chief Information Officer, Chief Financial Officer, and global co-head of the firm’s Securities (now Global Markets) Division. Chávez co-founded various software companies, including Quorum Software Systems, and was the CEO of Kiodex, a risk management software company later acquired by SunGard Data Systems.

“Martin has brought a unique polymathic lens crossing markets, technology, and science alongside history as an entrepreneur, company builder, and industry disrupter to the Recursion board. As we attempt to (often) do the impossible, with Martin as our chair we’ve never questioned the plausibility, no, audacity, of our mission and instead have been able to remain steadfastly focused on executing on the tasks at hand.”

– ZAVAIN DAR, Board Member at Recursion Pharmaceuticals

Current Boards: Alphabet, Broad Institute of MIT and Harvard, and Los Angeles Philharmonic

Debra Chrapaty

Debra Chrapaty is the Chief Technology Officer at Toast, where she leads technical planning and operations, architecture, infrastructure, data, AI, and product engineering. Debra brings decades of experience in large-scale technical infrastructure, cloud, operations management, and product management for many brands, including the National Basketball Association (as CTO), E*TRADE (as CIO), Microsoft (as Corporate VP of Infrastructure and Cloud), CISCO (as SVP of Collaboration Software), and ZYNGA (as CIO). Most recently, Debra served as the Chief Technology Officer of Wells Fargo, building services stability, scalability, developer productivity, speed, security, and compliance for the nation’s fourth-largest bank. As the Vice President and Chief Operating Officer of Amazon Alexa, she led product growth and monetization, third-party skills and devices, and international product expansion.

“Debra brings to the boardroom a unique and welcome perspective as a seasoned tech executive from businesses as diverse as Toast, Amazon and Wells Fargo.”

– BLYTHE MASTERS, Board Member at Forge Global

Patrick Chung

Patrick Chung is Managing General Partner of Xfund. Prior to Xfund, Patrick was a partner at NEA and led the firm’s consumer and seed investment practices. He is a director of 23andMe (NASDAQ: ME) and Philo, and led investments in Guideline, IFTTT, NewtonX, ThirdLove, and Zumper. Past investments include Segment (acquired by Twilio), Kensho (acquired by S&P Global), Plaid (almost acquired by Visa), Pulse (acquired by LinkedIn), Loopt (acquired by Green Dot), GoodGuide (acquired by Underwriters Laboratories), Ravel Law (acquired by Lexis-Nexis), Xfire (acquired by Viacom), and Xoom (NASDAQ: XOOM). Prior to joining NEA, Patrick helped to grow ZEFER, an Internet services firm (acquired by NEC) to more than $100 million in annual revenues and more than 700 people across six global offices. Prior to ZEFER, Patrick was with McKinsey & Company, where he specialized in hardware, software, and services companies.

“Patrick brings a calm, thoughtful and deliberative presence to our board conversations. He adds value to many topics before us, from finance issues to operations to marketing. And, importantly, he has a sense of humor too!”

Current Boards: Forge Global Capital

Current Boards: 23andMe Inc. and Philo

– PETER TAYLOR, Board Member at 23 and Me

Current Boards: ISO New England and Somos, Inc

Brook Colangelo

Brook Colangelo is the Chief Information Officer for Waters Corporation (NYSE: WAT), a global leader in analytical instruments and software serving the life, materials, food, and environmental sciences industries. Brook is responsible for driving global IT and digital transformation for Waters. Brook previously served as the Chief Technology Officer for Houghton Mifflin Harcourt (NASDAQ: HMHCO). Prior to HMH, Brook was Chief Information Officer of the White House under President Barack Obama. Brook was responsible for modernizing all aspects of the technology for the first-ever digitally connected President of the United States.

“Brook is the board colleague one seeks out when grappling with thorny board issues or when desiring a companion for happy hour. He is passionate about improving board culture and he combines this passion with attention to detail and thoughtful, constructive insights on the numerous challenges confronting boards. His participation on a board elevates any board room and it is a privilege to have served with Brook on two boards.”

– KATHLEEN ABERNATHY,

Board Member at Somos Inc.

Troy Cox

Troy Cox was the CEO of Foundation Medicine until the acquisition by Roche for $5.3 billion. Prior to Foundation Medicine, Cox served as SVP and Officer at Genentech from 2010-2017, where he led US BioOncology for a period of unprecedented growth to over $12 billion, participating in the launch of nearly half of the products from the world’s oncology leader, while accountable to help steer the Roche Genentech R&D portfolio. Before Genentech, Cox held executive roles of increasingly broad accountabilities including President UCB BioPharmaceuticals, SVP Sanofi-Aventis and diverse foundational roles at Schering-Plough.

“I am delighted to serve on the board of Biosplice with Troy. He listens emphatically, contributes knowledgeably, is able to see the woods from the trees and yet pays enough attention to details. I appreciate the fact that he is able to tell it as it is without being offensive. Overall Troy is a great board member and well deserving of this honor.”

– FINIAN TAN, Board Member at Biosplice Therapeutics

“Try is the epitome of professionalism, expertise and social intelligence required to lead an emerging company board such as Sophia Genetics. He balances expertly between pushing the company towards higher ambition and keeping an even keel when challenges strike. It is an honor to serve by his side.”

– LILA TRETIKOV, Board Member at Sophia Genetics

Current Boards: Sophia Genetics, Zymeworks, LetsGetChecked, Standard BioTools, and Biosplice Therapeutics

Previous Boards: MassBio and Foundation Medicine

We Congratulate Laurie Burns SVC Board of Trustees on Her Much Deserved Recognition as One of BoardProspects’ “50 LGBTQ+ Board Members Making a Difference”

Service Properties Trust (Nasdaq: SVC) is a REIT that invests in hotels and service-focused retail net lease properties. SVC’s portfolio of nearly 1,000 properties is well diversified by geography, tenant and industry.

Current Boards: Federal Home Loan Bank of Pittsburgh

Romulo (Romy) Diaz

Romy Diaz has wide-ranging experience in regulated industries, including energy, environment, and financial services. As General Counsel of Exelon Corporation’s PECO division, he secured regulatory approval and cost recovery for its digital communications infrastructure investment-the largest in company history, after negotiating federal funding to reduce project costs by one-third. Romy enhanced governance of Philadelphia Gas Works and Pensions boards as Philadelphia City Solicitor, restored financial controls as Assistant Administrator of EPA, and reduced annual costs by $100M as Counselor/Deputy Chief of Staff to the Secretary of Energy.

“Romy is a clear asset to our Board. He brings a wealth of knowledge to the table from his many years of experience in the legal profession as well as his exposure to government services.”

–

ANGEL HELM, Board Member at Federal Home Loan Bank Pittsburgh

“Romy is an excellent board member. He matches strong governance experience with valuable business, government policy, and community perspectives. He is particularly dedicated to ensuring ALL constituencies are fairly considered in all of our deliberations.”

– WINTHROP WATSON, President & CEO at Federal Home Loan Bank of Pittsburgh

Eric Dube

Eric Dube is the President and CEO of Travere, a public biotech company focused on the development and delivery of treatments for rare disease. His role at Travere has leveraged his deep experience in late-stage development and global launch planning and optimization. His experience in risk oversight and management has helped to strengthen the governance and risk oversight model. Eric has spent over 20 years in the pharmaceutical industry and began his career at GSK as a Medical Science Liaison. Dube’s first significant leadership and P&L role was in 2008, leading the US Oncology business at GSK. He was responsible for three launches in one year and delivering robust top and bottom-line growth.

“Eric brings a fresh, energetic perspective across multiple facets of the biotechnology industry. His experience in both growing and scaling a young maturing biotech company, through many obstacles, allows him to proactively identify potential risks and present alternative strategic options. He is eager to mentor through complex situations; especially those related to commercialization and financing. It was a true pleasure to serve on the board with Eric. He will continue to evolve as a true veteran industry leader.”

– RENEO PHARMACEUTICALS BOARD OF DIRECTORS

Current Boards: Travere and Reneo Pharmaceuticals

Previous Boards: Reneo Pharmaceuticals and AIDS United

Current Boards: East West Bancorp, Inc.

Previous Boards: Edelman, OICS, and Interasia

Serge Dumont

Serge Dumont is a global entrepreneur, business executive, and philanthropist. He is one of the pioneers in China’s corporate and marketing communications industry. He served as Vice Chairman of Omnicom Group (NYSE: OMC), a leading global holding company, managing its portfolio of companies and spearheading the group’s diversity program. He has been actively involved with the World Economic Forum, addressing pressing global challenges at the Davos conferences. A recipient of honors and awards from several national governments, he has been serving on a number of corporate and not for profit boards.

“Serge brings so much to our board. Our conversations and deliberations are enriched by his many years of leadership in global marketing and communications, his lived experience in China and commitment to cross-border understanding and collaboration, and his service to advance health, philanthropy, the arts and education. For a growing institution in a highly competitive environment, Serge’s expertise, judgment and perspective are of very high value.”

– PAUL IRVING, Board Member

at East West Bancorp,

Inc.

Mark Dybul

Mark Dybul is a Professor in the Department of Medicine at the Medical Center, Georgetown University and a senior advisor at the Center for Global Health Practice and Impact. Dybul is a member of the Global Health Initiative faculty committee. He served as chair and fellow with the Joep Lange Institute, which promotes and facilitates innovative models in global health. Dybul is an executive director of the Global Fund to Fight AIDS, Tuberculosis and Malaria from January 2013 to May 2017. He Served as the United States Global AIDS Coordinator from 2006 until the beginning of the Obama administration. Dybul Led the implementation of the President’s Emergency Plan for AIDS Relief (PEPFAR), the largest international health initiative in history for a single disease.

“It is an honor to work with Mark. What he does displays astuteness and resilience even when faced with very tough challenges but even more impressive is the way in which he does everything – he is always considerate and respectful and his integrity is unwavering.”

– JAYNE MCNICOL, Board Member at Renovaro

“I’ve known Mark for over 20 years since his days at HHS through his years running PEPFAR and the Global Fund. Mark has always impressed me with his knowledge of science, medicine and public health, and his passion to use that knowledge to address global health challenges, particularly in the area of HIV/AIDS. Today, Mark is showing he is also an outstanding business leader as CEO of Renovaro, where he is leading the company in the development of breakthrough therapies for multiple diseases.”

– GREGG ALTON, Board Member at Renovaro

Current Boards: Renovaro and Purpose Life Sciences

Lewis Fanger

Lewis Fanger is currently the Chief Financial Officer and Treasurer of Full House Resorts. His previous roles include Vice President at Wynn Resorts, CFO at Creative Casinos, and Vice President of Finance at Pinnacle Entertainment. Earlier in his career, Fanger was an investment banker for Credit Suisse First Boston and Lehman Brothers.

“Lewis is one of those rare individuals that combines business acumen with pure kindness. His views never focus solely on finance, his core expertise. His views are equally informed by their impacts to other departments – like marketing or HR – and even to our local community. Since joining Full House Resorts, Lewis has helped to completely transform our company’s culture and strategic direction.”

– DANIEL LEE, President, CEO and Board Member at Full House Resorts, Inc.

Jim Fielding

Jim Fielding is a Partner at Archer Gray and leads their Co-Lab Division as President. Prior to Archer Gray, Fielding co-founded and was Team Leader at ThenWhat Inc. After a successful 30+ year career with The Gap, Disney, Claire’s, Dreamworks, and 20th Century Fox, Jim has turned his talents to entrepreneurial pursuits, Higher Education, Independent Media, and Advisory Work. Leveraging his experience and drive to make the world a better place, he has channeled his energy and enthusiasm into a diverse set of innovative engagements.

“I have had the privilege to work with Jim on boards in both the philanthropic and private sectors and can think of no board member who is more generous with their time and talent. Jim is an extraordinary leader and team motivator and brings such positive and purpose-filled attention to everything he does.”

– AMY NAUIOKAS, Former Board Member at Make-a-wish International and Inked Brands

Current Boards: Inked Brands and Xcel Brands, Inc.

Previous Boards: Make-A-Wish Foundation International

Current Boards: Full House Resorts

Current Boards: Teal Omics, Lycia Therapeutics and Mirum Pharmaceuticals

Previous Boards: CTI BioPharma and Senti Biosciences

Laurent Fischer

Laurent Fischer is the President and Chief Executive Officer at Adverum Biotechnologies. Before joining Adverum, Dr. Fischer was Senior Vice President and Head of the Liver Therapeutic Area at Allergan, PLC. Previously, he served as Chief Executive Officer of Tobira Therapeutics until its acquisition by Allergan. Dr. Fischer has held other executive positions at Jennerex, Inc., Ocera Therapeutics and Auxeris Therapeutics, Inc. Over the span of his career, Dr. Fischer has held senior management roles at several companies, including Dupont Pharmaceuticals, Dupont-Merck, and F. Hoffmann-La Roche.

“Laurent was selected for his experience in the biopharmaceutical industry. As President and CEO of Adverum Biotechnologies, and with prior leadership roles at Allergan, Tobira Therapeutics, and other notable companies, Dr. Fischer’s career highlights his expertise in therapeutics and drug development. His proven leadership in innovative healthcare solutions sets him apart.

– THE BOARDPROSPECTS TEAM

Jim Fitterling

Jim Fitterling is Chair and Chief Executive Officer for Dow Inc., a global materials science company with 2023 sales of approximately $45 billion. He became CEO in July 2018 and was elected Board Chair in April 2020. Fitterling led Dow’s transformation from a lower-margin, commodity company to one deeply focused on higher-growth markets that value innovation – with an ambition to be the most innovative, customer-centric, inclusive, and sustainable materials science company in the world. Fitterling is a leading voice in sustainability; a strong advocate for a circular and net-zero emissions economy; and vocal champion for inclusion, diversity.

“Jim is a role model director who has had a marked impact on shaping both our board and the company’s strategic direction. As Lead Director, he has an unmatched combination of strategic, financial, growth, and culture expertise. His leadership contributions are always thoughtful and insightful, enabling us to be at our best as individuals and as a whole.”

– ANNE CHOW, Board Member at 3M

“Jim’s leadership on our Board of Directors is invaluable, thanks to his business experience, his expertise in driving material science innovation and sustainable solutions, and his strong advocacy for diversity and inclusion. Every part of his background is an asset to our Board as we pursue opportunities and overcome challenges, and he helps us remain focused on building inclusive, supportive work environments for all our employees.”

– MIKE ROMAN, Executive Chairman at 3M

Current Boards: Dow and 3M

Current Boards: OFS Credit Company, Inc.

Kate Fitta

Kate Fitta is Principal at Burren Green, the management and technology consulting practice she founded in 2015. Her career has spanned various consulting, operating and governancerelated roles in the public, private and non-profit sectors, including posts in New York, London, and Boston and accountability for operations across the Americas, EMEA and APAC. During her tenures at Barclays, Lehman Brothers, Deloitte, and New York City’s Mayor’s Office during the Bloomberg administrations, Fitta spearheaded an array of strategic programs that fueled large-scale business transformations and addressed myriad compliance, risk and regulatory matters. She was tapped regularly to lead postacquisition business planning and technology and serve on firmlevel governance bodies for technology, expense management, and diversity and inclusion.

“Kate is a team player who contributes to the mission of the organization. She is thoughtful, logical and articulate. Kate has the unique ability to act with integrity and sound judgment; the capacity to assist with the development of our strategic plan and oversee its implementation; the ability to oversee our risk management efforts; and the commitment to preparation for, and attendance at, board and committee meetings. Kate has further demonstrated her commitment by becoming a NACD (National Association of Corporate Directors) Directorship Certified™.”

– BILAL RASHID, President, Chief Executive Officer, and Chairman at OFS Credit Company

Matthew Fust

Matt Fust is a board member and advisor to life sciences companies. Fust is the former Chief Financial Officer at biopharmaceutical companies including Onyx Pharmaceuticals, Jazz Pharmaceuticals and ALZA Corporation, and was a consultant in Andersen Consulting’s healthcare strategy practice.

“Matt is an exemplary board member; always prepared (carefully reading pre-reads), asks good questions and is respectful of other opinions. He is professional, but can also be funny and very approachable. His previous experience as an operating executive arms him with the empathy and credibility to be a very effective board member.”

Current Boards: Atara Biotherapeutics, Crinetics Pharmaceuticals, Neumora Therapeutics, and Ultragenyx Pharmaceutical

– BILL HEIDEN, Board Member at Atara Biotherapeutics

Congratulations

Team Somos thanks you for your leadership and commitment to advancing our mission to empower more trusted connections between brands, consumers and communities.

Current Boards: American Cancer Society CEO Executive Advisory Council and Cisco’s Pride Inclusive Community

Previous Boards: Covenant House California

Jacqueline Guichelaar

Jacqueline Guichelaar is the Customer Experience Officer for Cisco Asia Pacific, Japan, and Greater China. Guichelaar brings over 20 years of experience as COO, CTO, and CIO to her role, leveraging Cisco’s hardware, software, and services to transform customer business. Formerly the Group CIO at Thomson Reuters and the Cisco’s Group CIO, she led the multibillion-dollar organizations, enhancing technology infrastructure, digital platforms, security and business applications. Recognized in the 100 Women in Tech to Watch 2023, Fast Company’s Queer 50, and HITEC 100, Guichelaar is also active in the American Cancer Society CEO Executive Advisory Council.

“Jacqui brought to the Covenant House California Board of Directors a unique combination of sophisticated business judgment from her years of experience as a senior executive at Cisco and her lived experiences. Those attributes combined with her humanity and deep commitment to the diverse population of youth experiencing homelessness who we serve made Jacqui an ideal board member. Because of Jacqui’s efforts homeless youth now have a place to call home in Santa Clara County.”

– MICHAEL KIBLER, Chair of the Board at Covenant House California

Cathy Halligan

Cathy Halligan is a former Chief Marketing Officer of Walmart.com. She also held executive level roles with world class brands including Williams-Sonoma, Blue Nile and PowerReviews leading marketing, digital transformation, and omnichannel efforts. She is a seasoned leader adept at delivering success in various scenarios, from startups to large corporations, through organic growth and strategic M&A sourced growth.

“Cathy’s commitment to the board of directors shines through her meticulous attention to detail and dynamic leadership as chair of the compensation committee. Her practical approach and exceptional leadership qualities ensure that practices align with the company’s strategic goals. Highly respected by her peers, her leadership style is conducive to stimulating dialogue and fostering collaboration.”

– JOSE TOMAS, Board Member at Driven Brands

“For a Swedish based company expanding quickly abroad it is critical to have board members offering up diverse perspectives. Cathy brings a wealth of experience from the US market to the board, she always comes well prepared and asks relevant and interesting questions leading to dynamic and good discussions. She is humble but assertive, sharp in her observations and has a great sense of humor. It is a pleasure and privilege to serve on the board together with her.”

– CAROLINA KLINT, Board Member at Anticimex

Current Boards: Ulta Beauty, Ferguson PLC, Driven Brands, JELD-Wen, and Anticimex

Previous Boards: FLIR Systems and Wilton Brands

Current Boards: Markel Group and Virginia Tech University

Greta Harris

Greta Harris is the President and CEO at Better Housing Coalition and an independent director at the Markel Group, a Fortune 300 company. She has worked in executive roles across the country facilitating meaningful community and economic development in emerging markets. Harris is an executive leader in real estate, finance, and management who has spent over thirty years solving complex problems and spearheading transformative investments in under-resourced communities.

“Greta is such a valuable asset to the Markel board. She brings a depth of experience and perspective, and her personality is a great example of the Markel Style: kind, respectful, and winning.”

– MORGAN HOUSEL, Board Member at Markel Group

Emily Heath

Emily Heath is a General Partner at Cyberstart. Prior to Cyberstart, Heath was the SVP, Chief Trust & Security Officer at DocuSign. Emily Heath is a seasoned technology and cybersecurity executive with experience leading complex global F100 organizations through technology, security, and cultural transformations.

“Emily is one of those rare people with equal parts EQ and IQ. That combination allows her to help management teams keep the main thing, the main thing -- running high-performing teams at scale.”

– SHARDUL SHAH, Board Member at Wiz

Current Boards: Wiz, Gen™, Legit Security, LogicGate

Previous Boards: Aviation ISAC

David Hedley

David Hedley is the Chief Strategy Officer at Bramshill Investments LLC. Prior to Bramshill, he was a Principal at Ernst & Young Capital Advisors, where he led the firm’s US Technology Investment Banking Practice. Hedley has been an investment banker for nearly 30 years and has held senior positions at Canaccord Genuity, UBS Investment Bank, Thomas Weisel Partners and Merrill Lynch. He has extensive experience leading IPOs and strategic M&A transactions, including cross-border transactions.

“David is a great addition to the Sanmina board. His expertise in strategic planning and financial matters is extremely valuable. Furthermore, he is a great colleague, highly engaged and a pleasure to work with.”

– KRISH PRABHU, Board Member at Sanmina Corporation

Christina Hennington

Christina Hennington is an Executive Vice President and Chief Growth Officer at Target. Prior to this role, Christina held several merchandising leadership roles at Target since joining in 2003. Hennington is a forward-thinking enterprise leader where she identifies and pursues revenue-generating strategies that deepen company relevancy with current and prospective guests, and reinforces its stronghold as a leading U.S. retailer.

“We’re grateful for the continued value Christina provides as a trusted member of THOR’s board of directors. Her robust expertise, leadership acumen and unique perspective have been assets throughout her tenure. Congratulations to Christina on this great honor.”

– BOB MARTIN, President & CEO of THOR Industries

Current Boards: Sanmina

Mary Beth Henson

Mary Beth Henson is a former Managing Director at Merrill Lynch Investment Bank, where she was co-founder of the Global Retailing Investment Banking Group. She also served as Chief Financial Officer of the National Audubon Society, an international environmental nonprofit organization, and as a director of Immigration Equality, which provides direct legal services and policy advocacy to support LGBTQ+ immigrants. Henson brings extensive financial and strategic expertise to a wide range of corporations and nonprofit organizations.

“Mary Beth has been a great addition to our board from the moment she joined. Her deep financial expertise and management experience, combined with her attention to detail make her an ideal board member for our company. She thinks strategically and brings thoughtful insights to our board in a very collegial way. It is a pleasure to serve with her.”

– ERIC SIEGEL, Board Member at Ares Capital

Jacinto Hernandez

JacintoHernandezistheFounderatCummingsConsulting& Management.Previously,Hernandez wasaPartneratCapital Group.Withover22yearsofexperienceintheinvestment industry,Hernandezleveragesdecadesofinvestmentexperience tocraftinspirationalvisions,exploitcyclicalopportunities,and communicateauthenticallywithshareholders.

“Jacinto’s selection is based on his profound impact in the investment industry as Founder of Cummings Consulting & Management and former Partner at Capital Group. His strategic vision and ability to navigate market cycles has been pivotal in driving investment success. Jacinto’s extensive background in finance and investment management underscores his expertise.”

–THEBOARDPROSPECTSTEAM

Current Boards: Aris Water Solutions

Previous Boards: Altria

Current Boards: Ares Capital

Current Boards: West Monroe and Vimeo

Previous Boards: Nutrisystem and Constant Contact

Jay Herratti

Jay Herratti is the Chief Executive Officer at TED. Prior to TED, he held leadership positions at IAC and BCG. As a leader with over 20 years of experience, Herratti sets the standard for how ideas are curated, communicated, and monetized in a new media landscape. Herratti helps detect emerging patterns, hones in on disruptive opportunities, and expands the definition of what is possible.

“Jay stands out as a forward-thinking and open-minded leader. His fearless expression of ideas encourages others to voice their own bold perspectives, an invaluable trait for a board member. Jay’s talent for connecting people and ideas has made him a catalyst for innovation at West Monroe.”

– KEVIN MCCARTY, Chairman and CEO at West Monroe

“It is delightful to serve on the West Monroe board with Jay, who brings deep expertise and experience for identifying opportunities, encouraging confident decision-making and championing diversity and human-centric values in such a compelling manner. I appreciate Jay’s authenticity and respect for others, not only as a board member but also as a colleague and friend.”

– LAURIE LOVETT, Board Member at West Monroe

Heather Hiles

Heather Hiles is the Founder and Managing Partner at Imminent Equity. Prior to Imminent Equity, Hiles was the Managing Partner at Black Ops Ventures. With an unwavering belief in the power of teams and individuals, Hiles thrives on propelling visions into reality while learning and fostering continuous growth.

“Heather brings an exceptional blend of passion, industry experience, and deep curiosity to her role as a board member. Her dedication and generosity with her time, along with her willingness to tackle challenging issues, have been invaluable. Heather approaches every situation with compassion and a deeply rooted positivity, making her an inspiring and effective leader. Working alongside Heather at Udemy has been a privilege, and her contributions continue to drive us forward.”

–

JEFF LIEBERMAN, Board Member at Udemy

Current Boards: Udemy Inc., Black Girls CODE, and Made in Africa™ (MIA)

Previous Boards: LaborX, NCLR, and Social Venture Network

THE THOR FAMILY OF COMPANIES CONGRATULATES

CHRISTINA HENNINGTON

ON BEING NAMED TO BOARDPROSPECTS’ “75 LGBTQ+ BOARD MEMBERS MAKING A DIFFERENCE”

This recognition is a testament to your trusted leadership, rooted in humility, curiosity and a commitment to elevate diverse perspectives. We thank Christina for her thoughtful stewardship as we build lasting value and live out our purpose of inspiring and empowering people to Go Everywhere. Stay Anywhere.®

Current Boards: UP. Labs and Republic Airways

Previous Boards: Central Washington University and Independent Colleges of Washington

Glenn Johnson

Glenn Johnson is the former President at Horizon Air. Prior to joining Horizon Air, Johnson was the EVP Finance and Chief Financial Officer at Alaska AirGroup. Johnson is recognized for game-changing success in building high-performance teams and crafting enterprise solutions that push boundaries and deliver industry-leading results in challenging market segments.

“Glenn brings to our board a wealth of practical financial experience as well as a deep reservoir of theoretical and strategic insight. He always shows up totally prepared and eager to make a contribution to the work of our board. Glenn has the capacity to offer insights with conviction and back them up with data and at the same time fully participate in the collaborative process that enables us to come to the best decisions for the Company. He is a joy to serve with.”

DAVID GRIZZLE, Chair of the Board at Republic Airways

“Glenn is a seasoned industry leader, bringing his unique mix of deep finance expertise and keen understanding of operational and organizational dynamics to the boardroom. His dedication to the highest ethical standards is matched only by his care for the company and its employees. Glenn is a friend and an esteemed colleague.”

– LORI GOBILLOT, Board Member at Republic Airways

Deborah Kilpatrick

Deborah Kilpatrick, PhD is the Executive Chair and former CEO of Evidation Health. She began her medtech career at Guidant Corporation in leadership roles including Research Fellow, Director of R&D, and Director of New Ventures prior to the acquisition by Boston Scientific. Kilpatrick’s operational roles have spanned domestic and global leadership in R&D, new technology incubation, and commercialization in Fortune 500 and start-up healthcare companies. She is a Fellow of the American Institute of Medical and Biological Engineering and is the co-founder of Silicon Valley’s annual MedtechVision Conference.

“Deb brings unique expertise to the board and effectively translates it into impactful insights and ideas for management consideration. She is appropriately challenging and thoughtful in her perspectives, in an encouraging and respectful way. I am inspired by Deb’s measured approach and have benefited in my own personal leadership growth from her contributions.”

– JULIE HOWARD, Board Member at Sleep Number

“Deb is strategic, knows her domain deeply, sees around corners and, above all, remains deeply curious and open to other perspectives and ideas. A winning combination in any boardroom, and certainly in ours.”

– JEAN-MICHEL VALETTE, Director Emeritus at Sleep Number

Current Boards: Sleep Number, Sutter Health, NextGen Jane, and Evidation

Previous Boards: The Task Force for Global Health

Sharon Kopp

Sharon Kopp is the former Chief Business Officer at PTK Capital. Prior to PTK Capital, Kopp was the Head of Content & Partnerships at Fresno Unlimited. Kopp has expertise in the operations and management of established companies as well as start-ups, with an extensive background in licensing (technology and IP), content distribution and business development.

“Sharon is well versed at looking at issues and viewpoints from many different sides. It should go without saying that Sharon is a remarkable board member. Beyond her passion on driving performance, Sharon is a natural leader and is consciously proactive at getting full involvement of all other members to derive the best results possible for Climate Candy.”

– AMY KELLER, Co-Founder & CEO at Climate Candy

Christine Lemke

Christine Lemke is the Co-Founder and CEO at Evidation Health. Previously, Lemke was the Co-Founder and Chief Operating Officer at Sense Networks, Inc. She has additionally worked at 3iGroup in Paris and Microsoft XBOX, and she co-founded Channel IQ, a product analytics platform based in Chicago.

“It was such a pleasure to sit on a board with Christine. Not only is she whip smart and always prepared, but as an experienced operator, she’s also able to be extremely pragmatic and decisive on key decisions. Truly a pleasure working with her!”

Current Boards: Climate Candy

Current Boards: Akili

– JOHN SPINALE, Board Member at Akili

Current Boards: Ammo Inc.

Jessica Lockett

Jessica Lockett is a Partner at Lockett + Horwitz, a Professional Law Corp. Before joining Lockett + Horwitz, Lockett was a Corporate Securities Attorney at Horwitz + Armstrong. Lockett brings over 12 years of seasoned expertise in the dynamic field of corporate law. Lockett has represented a broad range of public and private companies at various stages of development with entity formation and maintenance, corporate governance, securities regulations compliance matters, and Mergers and Acquisitions.

“Jessica was chosen for her distinguished career in corporate law. As a Partner at Lockett + Horwitz, and with extensive experience at Horwitz + Armstrong, her expertise spans corporate governance, securities regulations, and M&A. Jessica’s ability to guide companies through complex legal landscapes makes her a notable legal expert in corporate governance.”

– THE BOARDPROSPECTS TEAM

Esteban López

Esteban López is the Chief Medical Officer at doxy.me, a free, secure telemedicine platform. Before joining, doxy.me. López is a seasoned healthcare leader, who also leads Hopscotch Health, a pioneering pediatric urgent care, as Founder & CEO. Prior, he steered digital transformation for Google Cloud across the Americas, then fueled US growth as Babylon Health’s VP. His leadership journey also includes executive roles at Health Care Service Corporation, Blue Cross and Blue Shield, and McKesson, demonstrating consistent impact across diverse healthcare landscapes.

“Esteban is a leader and fellow board member whose passion for improving patients’ lives is truly inspiring. He consistently adds value to our board meetings, where his medical expertise and perspective drive us towards success. It is an honor and a privilege to work alongside him.”

– ROBERT MCNAMARA, Board Member at Axonics, Inc

Current Boards: Axonics, H/L Ventures, and Addus Homecare

Current Boards: Grindr and Safeplace International

Maggie Lower

In May 2022, Maggie Lower joined the Grindr Board of Directors, which listed on the NYSE in November 2022. Lower also focuses on advocacy having recently been appointed Board Chair for SafePlace International, a global NGO focused on fostering community and healing for LGBT+ refugees and asylum seekers in countries where homosexuality is criminalized. Lower has been an award-winning B2B CMO at top global brands, most recently Hootsuite. She has been on OUTstanding’s Top 100 LGBT+ Global Executives List for 6 years, reaching the top 20 the last three years. In 2022, Lower was one of AdWeek’s 20 Global PrideStars.

“Maggie’s selection is based on her exceptional career in marketing and advocacy. As a board member of Grindr and Chair of SafePlace International, her leadership in B2B marketing at global brands like Hootsuite, coupled with their dedication to LGBT+ advocacy, has garnered significant recognition. Maggie’s influence in both corporate and social sectors is noteworthy.”

– THE BOARDPROSPECTS TEAM

Mario Marte

Mario Marte is an experienced finance executive and public company director, previously having served as Chief Financial Officer of Chewy, Inc, a Fortune 500 company. Before Chewy, Marte was VP Global FP&A at Hilton Worldwide, overseeing financial planning during its transition to the public markets and beyond. Marte brings over a 20-year track record of success growth and expanded profitability, leading business technology transformation and digitization, and fundraising / IPO.

“We are fortunate to have Mario and his wealth of financial and retail industry expertise on our board. His experience and ability to articulate strategy have been critical to Best Buy’s journey toward growth. His positive energy and strong guidance have been especially helpful for our Audit Committee.”

– LISA CAPUTO, Board Member at Best Buy

Current Boards: Best Buy, Inc. and FIGS, Inc.

Current Boards: Consolidated Edison, Institute for International Education, and Dan David Prize

Previous Boards: A Better New York Foundation, and The Cooper Union

Dwight McBride

Dwight McBride, PhD, is the Gerald Early Distinguished Professor & Senior Advisor to the Chancellor at Washington University. Before WashU, McBride was the 9th President of The New School in New York City. An expert on race, gender, and sexuality in American culture, with extensive experience in academic leadership roles (including serving as Provost & Executive Vice President of Emory University, and Dean of The Graduate School & Associate Provost for Graduate Education at Northwestern University), McBride is also co-founder of the Academic Leadership Institute and consults on diversity & inclusion and institutional change management.

“Dwight was selected for his outstanding contributions to academia and expertise in diversity and inclusion. With a distinguished career in academic leadership at institutions like Washington University, The New School, and Emory University, and as co-founder of the Academic Leadership Institute, his impact on higher education and institutional change management is profound. Dr. McBride’s scholarly and leadership excellence highlight his influence in academia.”

– THE BOARDPROSPECTS TEAM

Elizabeth Mora

Elizabeth Mora is the former Chief Administrative Officer at Draper Laboratories. Prior to Draper, Mora was the Chief Financial Officer at Harvard University. Mora is an accomplished board director, distinguished financial expert, and seasoned business operations executive, boasting over 30 years of experience. Mora has a proven track record of effectively leading large, complex organizations, demonstrating unparalleled expertise throughout her illustrious career.

“Beth has a mix of intellectual depth, focus, humor, and candor. She knows when and how to use her many strengths. She is a terrific director bringing years of experience in leadership and finance. Beth is a strong contributor to the culture of the Board, and the mission and values of the company. Her tone is such that directors and management both feel respected yet, if needed, adequately challenged. We are truly fortunate to have her on our team.”

– HEATHER RIDER, Board Member at Inogen

“As Chair, Beth combines deliberate listening, open-ended questioning and clear intention to the Inogen Board. She gives the Management Team the room to run the business and ensures the Board offers helpful direction reflecting the diversity of our experience and perspectives.”

– TOM WEST, Board Member at Inogen

Current Boards: Inogen, Everest

Consolidators, MKS Instruments, and Limoneira

Previous Boards: GCP Applied Technologies

Current Boards: Ancestry, Asana, Autodesk, Colgate Palmolive, and Hubspot

Previous Boards: Workhuman, Signal Sciences, Eventbrite, BigCommerce, Duo Security, Catawiki, TaskRabbit, DIRECTV, Lucasfilm, and McAfee

Lorrie Norrington

Lorrie Norrington is an Operating Partner at Lead Edge Capital. Prior to joining Lead Edge Capital, Norrington was the President, eBay Marketplaces at eBay. Norrington is a senior business executive with 35+ years of experience across global industries. Skilled in growing and scaling businesses, driving operational excellence, and leadership. Extensive expertise in SaaS software, board development, and governance.

“Lorrie is an incredibly impactful member of our Board. For more than a decade, she’s contributed perspective from her broad experience growing and scaling global businesses and driving operational excellence to ensure Autodesk is a trusted partner to the world’s designers, engineers, builders, and creators. Her thoughtful leadership style, coupled with her business pedigree and unique viewpoint, has been invaluable to us.”

– AUTODESK BOARD OF DIRECTORS

Patrick O’Keeffe

Patrick O’Keeffe is the former Chief Human Resources Officer at American Airlines. O’Keeffe’s career with American Airlines spanned more than 30 years over a breadth of functions including senior leadership roles in Information Technology, focused on enterprise system integration and digital transformation and Human Resources where he drove new diversity, equity and inclusion programs and culture initiatives. These diverse leadership roles enable him to provide a broad, enterprise-wide perspective on people and technical strategies and risks while also providing deep domain expertise in all aspects of IT and HR.

“Patrick is an extremely valuable board member. He contributes experience, energy, and passion. Patrick is open to the views of others and supports his fellow board members and company leaders. Whether in the boardroom or in his role as Chair of the Compensation and Human Resources Committee, he always has the impact on people –employees, customers, community – top of mind. It is an honor to serve with Patrick.”

– JENNIFER VOGEL, Chair of the Board at Sun Country

“Patrick leverages his broad and deep background in both Technology and Human Capital Management to make impactful contributions to board discussions. He is unfailingly prepared, and has a special ability to deliver insightful feedback to management and his board colleagues in a direct but kind manner.”

– KERRY PHILIPOVITCH, Board Member at Sun Country

Current Boards: Sun Country Airlines and ID90 Travel

Previous Boards: Lamba Legal National Gay and Lesbian Chamber of Commerce American Airlines Federal Credit Union

Current Boards: Simon & Shuster and The Paley Center for Media

V Pappas

V Pappas most recently served as the Chief Operating Officer of TikTok. Prior to TikTok, Pappas was the Global Head of Creative Insights at YouTube. Pappas is a global technology executive shaping the culture-defining content and communities of the world’s largest digital platforms. For more than 20 years, they have ushered brands into new stages of global growth, recognition, and revenue through content and audience development strategies that enable the success of creators and their communities.

“V’s insightful comments and thought-provoking questions help to foster a dynamic and effective board environment. It is clear that the company benefits greatly from the experience and engagement that V brings to our discussions.”

– KAREEM DANIEL, Board Member at Simon & Schuster

Leone Patterson

Leone Patterson is an experienced finance executive and public company director. Leone is currently the Chief Financial and Business Officer at Tenaya Therapeutics Inc., a clinical stage public company. Leone has more than 25 years’ experience in executive leadership, strategy, capital raising, revenue recognition, operations, risk management, financial analysis, and finance.

“Since Leone joined our board just over a year ago, her influence on the company has been profound. Her pragmatic and thoughtful leadership style, coupled with a wealth of diverse professional experience, has greatly enhanced our strategic vision and execution. Leone effortlessly commands respect in the boardroom, and her remarkable personal journey adds depth to her invaluable contributions.”

– ROBERT GHENCHEV, Board Member at Oxford Biomedica

“Leone is whip smart, energetic and yet down to earth. As a board member, she knows when to push with challenging questions and when to offer help, connections and advice. Her deep finance and operational expertise give her a broad perspective relevant to many issues discussed at the board level.”

– HEATHER PRESTON, Board Member at Oxford Biomedica

Current Boards: Oxford Biomedica and Nkarta, Inc.

Previous Boards: Eliem Therapeutics

Current Boards: LivePerson, Boeing

Employee Credit Union, Prisidio, NACD

Northwest Chapter, and Forterra

Previous Boards: Carbon Black

Vanessa Pegueros

Vanessa Pegueros is a venture partner at Flying Fish Partners, a VC firm focusing on AI/ML early-stage companies. Prior to Flying Fish Partners, Pegueros was the Chief Trust & Security Officer at OneLogin and CISO at DocuSign. Vanessa has over 30 years of experience managing technology, security, privacy, and risk teams in a variety of verticals giving her a unique perspective as a business leader and in serving on corporate boards. Enabled by her operational experience and ability to execute, she has been successful in leading companies through their technology and risk challenges.

“Vanessa’s unique blend of perceptiveness, candor and personal warmth, combined with her wealth of experience as an operator enables her to sharpen and elevate board discussions. Her deep knowledge of cybersecurity, AI, and other pressing technological trends make her an invaluable asset in helping organizations navigate complex challenges.”

– YAEL ZHENG, Board Member at LivePerson

“Vanessa has been a valuable addition to the LivePerson Board - her perspectives on Cyber and Tech, in general, have added a valuable, new facet to the Board’s perspective. Her tenacity and attention to detail are always thought-provoking. Furthermore, she’s always looking to expand her knowledge of new areas and her work ethic is commendable!”

– JIM MILLER, Board Member at LivePerson

Juan Rajlin

Juan Rajlin is the VP & Treasurer at Google. Prior to joining Google, Rajlin served as Chief Financial Officer, Products & Services at Mastercard. Rajlin’s career spans over 25+ years where Rajlin served in various financial leadership roles where his focus is on finance sustainable, environmental and social projects.

“Juan is a tremendous addition to our board. He lifts our discussions with insightful questions, born of the wisdom and great breadth of expertise he brings to our group. Juan is also a joy to work with, with a lighthearted sense of humor and profound kindness that is inclusive of everyone on the board and at the company.”

– PATRICIA BELLINGER, Board Member at Bath and Body Works

Current Boards: Bath & Body Works

Current Boards: Grindr Inc., Brookings

Institution Center for Universal Education and LAMDA

Previous Boards: Pyxus International, Inc. and Caribe Media, Inc.

Nathan Richardson

Nathan Richardson is a Partner at Joffre Capital, a global private equity fund with investments across the consumer technology sector. Prior to Joffre Capital, Richardson was an EVP at Red Ventures, CEO of TradeIt (sold to TradingView), President at Gilt City, CEO of ContentNext (Sold to Guardian News & Media) and General Manager of Yahoo! Finance . He has considerable expertise with both public and private companies as an entrepreneur, executive and board member.

“Nathan’s selection is due to his extensive experience in the technology and finance sectors. As a Partner at Joffre Capital and former EVP at Red Ventures, CEO of TradeIt, and GM of Yahoo! Finance, his leadership has driven growth and innovation across various companies. His diverse entrepreneurial and executive background underscores his expertise in corporate leadership.”

– THE BOARDPROSPECTS TEAM

Brooke Ricketts

Brooke Ricketts is the President and Co-Founder at Beyond Barriers. Prior to Beyond Barriers, Ricketts was the Chief Experience Officer (Chief Marketing Officer + Chief Product Officer) at Cars. com. Ricketts specializes in strategic growth, P&L management, innovation, data-driven decision-making, and developing highperforming teams in over 150 countries. As a strategic board director with a proven track record of transforming global brands in industries such as automotive, CPG, fintech, media, and retail, working with companies that include BMW, P&G, Twitter, and Walmart.

“Brooke is a fabulous board partner. I especially appreciate her broad business perspective and inclusive approach to strategic challenges. She brings a level of insight and energy informed by both her experience and her leadership accelerator platform, that consistently elevates our discussions. I also value the element of fun and humor she brings!”

– PAM POPP, Board Member at The Mather Group

Current Boards: Whole & Free Foods and The Mather Group

Previous Boards: University of Phoenix

Current Boards: Walgreens Boots Alliance, Baxter International, Inc., Encompass Health, Duke University, and Duke University Health System

Previous Boards: First National Bank of Ohio, Hillrom Holdings, Inc., and Pear Therapeutics

Nancy Schlichting

Nancy Schlichting is the retired President and CEO of Henry Ford Health. She previously served as COO and CAO of Henry Ford Health. Prior to joining Henry Ford Health, Schlichting served as Executive Vice President and Chief Operating Officer at Summa Health. Schlichting was honored as one of the 100 Most Influential People in Healthcare by Modern Healthcare magazine, as well as named to the Top 25 Women in Healthcare.

Schlichting published her book, Unconventional Leadership in 2015, which focuses on strategic leadership, quality, cultural transformation, community engagement, innovation, and diversity.

“It’s an honor to work with Nancy on the Baxter Board. Her collaborative approach, deep expertise in the healthcare industry and diverse perspectives deliver immense value to our discussions, enriching her colleagues individually and strengthening the Board collectively with her many contributions. As chair of Baxter’s Compensation and Human Capital Committee, Nancy brings a people-first mentality to all she does and cares deeply about the employees, patients, healthcare providers and communities we serve. We are grateful for her wise counsel and leadership.”

– JOE ALMEIDA, Chair & CEO and Baxter Board of Directors

Atish Shah

Atish Shah has served as EVP & CFO of Xenia Hotels & Resorts, a public lodging REIT that owns luxury and upper-upscale hotels across the U.S., since 2016. He previously served in a variety of roles for Hyatt Hotels Corporation, Lowe Enterprises, Hilton Hotels Corporation, and Coopers & Lybrand, LLP.

“Atish is a dedicated director who approaches discussions in a thoughtful and balanced manner. As an experienced finance leader, he generously shares his time and expertise to support the management team and his Board colleagues.”

– GAIL MANDEL, Board Member at Dave and Buster’s

Current Boards: Dave & Buster’s Entertainment, Inc and Visit Orlando

Congrats, Lorrie M. Norrington

Congratulations to Lorrie M. Norrington, Lead Independent Director of the Board, Colgate-Palmolive Company, for your recognition as one of BoardProspects’ 50 LGBTQ+ Board Members Making a Difference.

Thank you for your influential leadership, Lorrie, and your important contributions as we work together to reimagine a healthier future for all.

Happy Pride Month!

Christie Smith

Christie Smith retired Global Lead for Talent & Organization and member of the Global Management Committee at Accenture. Prior to Accenture, Smith was the Vice President Inclusion & Diversity at Apple. Throughout Smith’s 30+ career, she has worked to create and sustain cultures of belonging which lead to more agile organizations. Smith has been featured in Fast Company’s Queer 50 List in both 2023 and 2021.

“Christie was chosen for her remarkable career in talent and organizational management. As the former Global Lead for Talent & Organization at Accenture and VP of Inclusion & Diversity at Apple, her efforts in creating inclusive and agile workplace cultures have been transformative. Christie’s dedication to fostering belonging in corporate environments is exceptional.”

– THE BOARDPROSPECTS TEAM

Rob Smith

Rob Smith is the CEO and Founder at Phluid (The Phluid Project, GET Phluid and The Phluid Phoundation). Prior to Phluid, Smith served as the Global Chief Product Officer at Haddad BrandsNike, Levi’s, Jordan, Hurley, Converse. Smith began a long retail career spanning over 30 years including with Macys, Victoria’s Secret, Levi’s and Nike. As an entrepreneur, corporate executive, board director and philanthropist, Smith thrives in working at the intersection of Free Enterprise and Humanity.

“Rob and I have served on the Steve Madden Board for over 9 years together. Rob brings something important to every meeting, whether it is a discussion of current product trends, profitability, or views on the company’s efforts on community and equity. Rob is always engaged and willing to take extra time outside Board meetings. His approach and insights are highly respected.”

– ROSE LYNCH, Board Member at Steve Madden

Current Boards: Endo International

Current Boards: Steve Madden and CSR

Current Boards: CMS Energy, Banco Popular/Popular Bank, Spirit Airlines, Trinet, Delinea, Vectra AI, Headspace, and Huntress

Previous Boards: HITEC Hispanic Information Technology Executive Council and Cabrini College Board of Trustees

Myrna Soto

Myrna Soto is the Founder & CEO at Apogee Executive Advisors LLC, a boutique advisory and consulting firm. Prior to Founding Apogee Executive Advisors, Soto served as the Chief Strategy & Trust Officer at Forcepoint as well as Global Chief Information Security Officer for Comcast Corp. Soto brings more than 30 years of senior technology executive experience in multiple industries, including hospitality, financial services, telecommunications, transportation, insurance, and energy.

“Myrna is always well prepared for our Board and committee meetings. Her preparation, when combined with her experience and insights results in valuable contributions to our meetings.”

–

WAYNE LOWELL, Board Member at TriNet

“We were excited to have Myrna join the board, expecting to benefit from his deep experience in managing complex, technology enabled operations, but she brought so much more. She goes deep to understand strategy, offers sophisticated advice on transactions, and is a mentor to our operating team. We’re proud to serve with her.”

– TRINET BOARD OF DIRECTORS

“It has been a pleasure to have Myrna on our board for the last eight years. Myrna’s domain expertise in technology has been a real asset to our board. Myrna is also an active participant in all board meetings and brings a valuable perspective.”

– MAC GARDNER, Chair of the Board at Spirit Airlines, Inc.

Tom Soto

Tom Soto is the Founder at Latimer Partners and is the Founder & Managing Partner at D4IR-JMS Impact Partners. Soto is a driven investment professional and entrepreneur in the Fintech, AI, Blockchain, and climate change response sectors with a proven track record of envisioning, building, and scaling organizations from startup to middle market and exit. Soto is experienced as an investor, board member, advisor, and in-house executive.

“Working alongside Tom has been an absolute pleasure. His dedication, strategic thinking, and collaborative spirit have significantly contributed to our board’s success and sets a remarkable example for us all.”

EMILY GREENSPAN, Board Member at The Los Angeles Dodgers Foundation

Current Boards: Natural Resources Defense Council, Clean Energy for America, California Science Center, and Los Angeles Dodgers Foundation

Previous Boards: Liquid Environmental Solutions, Gridpoint Energy, New Energy Nexus, and New America Alliance

Current Boards: GRINDR, Planned Parenthood, and Democratic Majority for Israel

Previous Boards: Human Rights Campaign, Lambda Legal, Athlete Ally, National Center for Missing and Exploited Children, and AIDS Foundation Houston.

Meghan Stabler

Meghan Stabler serves as Senior Vice President at BigCommerce, one of the world’s leading ecommerce companies. Prior to joining BigCommerce, Stabler was a Senior Advisor at CA Technologies (acquired by Broadcom) and has held key leadership roles in several technology firms over the past two decades. Stabler is passionate about customer and partner experiences, thriving on leading high-impact teams, accelerating product adoption, and translating technical jargon into business terms to deliver growth in MRR/ARR and NPS scores.

“Meghan is a veritable tour de force and a champion for LGBTQ+ rights. As a board member, she brings to the table her dynamic experience in the world of commerce as a business leader, and her lived experience of being true to herself and advocating for our rights. With our bodily autonomy and reproductive rights under relentless attack, all of us on Planned Parenthood Federation of America’s board are grateful to have Meghan help lead the fight.”

– PLANNED PARENTHOOD FEDERATION OF AMERICA BOARD OF DIRECTORS

Adam Stanley

Adam Stanley brings his extensive experience in team building and driving industry change to his current role in Real Estate Sales and Investments with the Adam Timothy Group at Compass. Specializing in guiding clients through significant life transitions, whether they’re expanding their family, navigating marriage or divorce, sending a child off to college, or managing the loss of a loved one, Stanley is a trusted advisor during these pivotal moments. Before his tenure at Compass, he was the Chief Digital and Technology Officer at Cushman & Wakefield, where he made his mark over eight remarkable years.

“Church Mutual is fortunate to have Adam on our board. He is a prepared and thoughtful person. He has a talent for asking the right strategic questions.... while always being respectful.”

– JAY WILLIAMS, Chair of the Board at Church Mutual Insurance Company, Inc

Current Boards: GATX Corporation, Church Mutual Insurance Company, and UBS Trumbull Property Fund

Previous Boards: 1871/Chicago

Entrepreneurial Center, CRETech, and CGLA

Current Boards: First Fed and Northwest Maritime Center

Previous Boards: National Women’s Sailing Foundation

Lynn Terwoerds

Lynn Terwoerds formerly served in Cybersecurity Risk Management, HIPAA Compliance at Oracle Corp. Prior to Oracle, Terwoerds was Director Trustworthy Computing at Microsoft. Terwoerds has been a 25+ year cybersecurity and technology risk executive for global companies like Microsoft, Barclays PLC, Oracle Corp. She has leadership experience in multiple verticals ranging from technology, financial services, national critical infrastructure, and healthcare.

“Lynn really is the perfect board director. She’s always well-prepared, thoughtful, and incisive. She’s truly a joy to serve with.”

– GABRIEL GALANDA, Board Member at First Fed

Scott Thacker

Scott Thacker is the Chief Executive Officer of Ivory Consulting Corporation, a software and consulting company. Before joining Ivory Consulting, he was a partner at Accenture and previously served as a Senior Director at Oracle. Thacker began his career at Arthur Andersen & Co. A high-impact leader with more than 20 years experience in the finance and tech industry, currently as a CEO and a Board Director and previously in multiple roles at four Fortune 500 companies.

“Scott’s selection is based on his significant contributions to the finance and technology sectors. As CEO of Ivory Consulting Corporation and with prior leadership roles at Accenture, Oracle, and Arthur Andersen, his expertise in financial software and consulting has driven substantial industry advancements. Scott’s leadership and innovative approach make him a notable leader in his field.”

– THE BOARDPROSPECTS TEAM

Current Boards: Ivory Consulting Corporation

Current Boards: Glaukos, Resilience, 2Seventy Bio., Thirty Madison, and Seaport Therapeutics

Previous Boards: Karuna, Bluebird Bio, Surface Oncology

Denice Torres

Denice Torres founded The Center for Purpose and Thriving and The Mentoring Place. She hosts Flip the Tortilla, a Top 5% podcast on optimism and possibility. Following a brief career as an attorney, Torres held multiple executive positions at Eli Lilly in areas including Women’s Health and Neuroscience. She then served as President of several multi-billion-dollar companies at Johnson & Johnson, including J&J Consumer Healthcare and Jannsen Neuroscience. She has extensive experience in pharma, biotech, medtech, and consumer healthcare.

“It was a privilege to serve alongside Denice on the board of Karuna Therapeutics. Denice is an experienced, astute, and strategy-minded industry professional who added immense value to the board. On top of that she is a caring, people-oriented person who always showed great respect and concern for fellow board members, the executive team, and the employees.”

– ATUL PANDE, Board Member at Karuna Therapeutics

Sander van ‘t Noordende

Sander van ‘t Noordende is CEO and Chair of the Executive Board at Randstad. Van ‘t Noordende spent the majority of his career at Accenture, where he held a number of executive roles. Throughout his three decades with Accenture, he served as the Group Chief Executive of the Products Operating Group and had a sharp focus on client and industry development, as well as strong growth in digital services. Van ‘t Noordende built and led global executive teams, achieving significant market share, growth, and profitability with a strong commitment to diversity, inclusion and a passion for the global LGBTQ agenda.

“Sander brings a wealth of experience to the board which affords him the unique ability to analyze complex issues from multiple dimensions. He is always very articulate, thoughtful and has a warm respectful style when communicating his viewpoint to both the board and management. I am privileged to serve with Sander on the AECOM Board.”

– LYDIA KENNARD, Board Member at AECOM

Current Boards: AECOM and Randstad

Previous Boards: Micro Focus, Avanade, and Out & Equal

Congratulations, Myrna Soto!

One of BoardProspects LGBTQ+ Board Members Making A Difference

As a Spirit Board member, Myrna lends her expertise in technology risk and strategic governance. Her inspirational leadership and mentorship is paving a better and brighter future, not only for Spirit, but for future LGBTQ+ leaders.

Current Boards: Voyager Therapeutics

Nancy Vitale

Nancy Vitale is the Chief People Officer at Omada Health. Prior to Omada Health, Vitale was the Co-founder & Managing Partner at Partners for Wellbeing. Vitale is an award-winning thought leader driving business growth and creating top workplaces in pharma/ biotech, HR tech, consumer products, healthcare, insurance, and consulting.

“Nancy adds tremendous value to Board discussions, always keeping talent and the team front and center. She is expert at framing issues and leading discussion to consensus. We have a high-functioning Board and Nancy is a big part of that.”

– CATHERINE MACKEY, Board Member at Voyager Therapeutics

“Nancy makes a uniquely important contribution to our board. Her skills and instincts as a top HR leader in highly mission-driven organizations keep people and culture at the heart of all our deliberations. And her always-positive energy makes her a true pleasure to spend time with.”

– JAMES GERAGHTY, Board Member at Voyager Therapeutics

Jen Wong

Jen Wong is the Chief Operating Officer at Reddit, Inc. Prior to joining Reddit, Wong was the President of Digital and COO at Time Inc. Wong is an expert in revenue, operations, marketing, product development, engineering, finance, talent, and growth.

“Jen’s contributions to the IMAX board have been truly invaluable. Her extensive experience in digital media and business operations shines through in every discussion, as she brings insightful, thought-provoking questions that challenge our thinking. Jen’s generous sharing of her knowledge and her willingness to hear different perspectives create a collaborative environment that benefits us all. Personally, I’ve learned a great deal from her adept handling of both complex topics and strong personalities.”

– STEVE PAMON, Board Member at IMAX Corporation

Current Boards: IMAX, Marfeel, and Discover Financial

Vivian Yang

Vivian Yang is the former Chief Legal Officer at The Trade Desk, Inc. Prior to Trade Desk, Yang served as Chief Administrative Officer & General Counsel at RealD, a technology company that makes the world’s most widely used 3D cinema platform. Yang is a strategic and growth-focused executive with extensive media and tech experience, excelling in leadership and team development as a public company board member and leader.

“Vivian was chosen for her extensive experience in legal and executive roles within the media and technology industries. As former Chief Legal Officer at The Trade Desk and CAO & General Counsel at RealD, her strategic leadership has been instrumental in navigating complex corporate environments. Vivian’s legal acumen and industry expertise makes her a distinguished professional in her field.”

– THE BOARDPROSPECTS TEAM

Current Boards: Viant

Board Appointments & Resignations May 2024

Publicly Traded Corporations

Board Appointments & Resignations

Int’l Paper (NYSE: IP)

Appoints Andrew Silvernail to the Board of Directors. Mr. Silvernail is the Chief Executive Officer at Int’l Paper.

Resignations/Retirements

Int’l Paper (NYSE: IP)

Ilene Gordon resigns from the Board of Directors. Ms. Gordon is Chair of the Board and Chief Executive Officer at Ingredion.

ANDREW SILVERNAIL

ILENE GORDON

New Board Appointments

Ashland (NYSE: ASH)

Appoints Ashish Kulkarni to the Board of Directors. Mr. Kulkarni is the Chief Executive Officer at Kebotix.

Brady (NYSE: BRC)

Appoints Chris Hix to the Board of Directors. Ms. Hix is the former Executive Vice President & Chief Financial Officer at Enovis.

Caesars Entertainment (NASDAQ: CZR)

Appoints Kim Harris Jones to the Board of Directors. Ms. Harris Jones is Retired SVP & Corporate Controller Mondelez International.

Chuy’s (NASDAQ: CHUY)

Appoints Nancy Freda-Smith to the Board of Directors. Ms. Freda-Smith is the Chief Audit Executive at Ralph Lauren.

Core & Main (NYSE: CNM)

Appoints James Hope to the Board of Directors. Mr. Hope is the former Chief Financial Officer at Performance Food Group.

Daily Journal (NASDAQ: DJCO)

Appoints Rasool Rayani to the Board of Directors. Mr. Rayani is an Advisor, Venture and Growth Investments at British Columbia Investment.

Franklin Electric (NASDAQ: FELE)

Joseph Ruzynski named CEO and he is appointed to the Board of Directors. Mr. Ruzynski is the former President- Enclosures at nVent Electric.

Genuine Parts (NYSE: GPC)

William Stengel promoted to CEO and he is appointed to the Board of Directors. Mr. Stengel is the former COO Genuine Parts.

Groupon (NASDAQ: GRPN)

Dusan Senkypl named CEO and continues on the Board of Directors. Mr. Senkpl is a former Partner at Pale Fire Capital.

Insperity (NYSE: NSP)

Appoints Philip Wilmington to the Board of Directors. Mr. Wilmington is the former Vice Chairman and Co-President at Workday.

iRobot (NASDAQ: IRBT)

Appoints Gary Cohen to the Board of Directors. Mr. Cohen is the Chief Executive Officer at iRobot.

JetBlue Airways (NASDAQ: JBLU)

Appoints Jesse Lynn and Steven Miller to the Board of Directors. Mr. Lynn is a General Counsel at Icahn and Mr. Miller is a Portfolio Manager at Icahn.

RASOOL RAYANI

KIM HARRIS

GARY COHEN

New Board Appointments

Leslie’s (NASDAQ: LESL)

Appoints Maile Naylor to the Board of Directors. Ms. Naylor is the former Equity Analyst and Sector Portfolio Manager at MFS Investment.

National CineMedia (NASDAQ: NCMI)

Appoints Nathan Lane to the Board of Directors. Mr. Lane is the Founder at Delancey Cove.

One Group Hospitality (NASDAQ: STKS)

Appoints James Chambers and Scott Ross to the Board of Directors. Mr. Chambers is a Partner and Co-Founder at Hill Path Capital and Mr. Ross is a Co-Founder and Managing Partner at Hill Path Capital.

PACCAR (NASDAQ: PCAR)

Appoints Pierre Breber, Brice Hill, and Luiz Pretti to the Board of Directors. Mr. Breber is the former Chief Financial Officer at Chevron, Mr. Hill is the Chief Financial Officer at Applied Materials, and Mr. Pretti is the Chair of the Board at Votorantim Cimentos.

Petco Health & Wellness (NASDAQ: WOOF)

Appoints Glenn Murphy to the Board of Directors. Mr. Murphy is the former Chief Executive Officer at Gap.

V2X (NYSE: VVX)

Jeremy Wensinger named CEO and he is appointed to the Board of Directors. Mr. Wensinger is the former Chief Operating Officer at Peraton.

MAILE NAYLOR

GLENN MURPHY

Resignations/Retirements

Bloomin’ Brands (NASDAQ: BLMN)

David Deno retires as CEO and from the Board of Directors. Mr. Deno is a former President at Best Buy.

Golden Entertainment (NASDAQ: GDEN)

Anthony Marnell resigns from the Board of Directors. Mr. Marnell is the CEO at Marnell Gaming

Legacy Housing (NASDAQ: LEGH)

Francisco Coll resigns from the Board of Directors. Mr. Coll is the Chief Executive Officer at UAC.

MarineMax (NYSE: HZO)

Joseph Watters and William McGill Jr. retire from the Board of Directors. Mr. Watters is a private investor and Mr. McGill is the Executive Chairman and former CEO at MarineMax.

O’Reilly Automotive (NASDAQ: ORLY)

Jay Burchfield retires from the Board of Directors. Mr. Burchfield is a Senior Principal at SilverTree Companies.

Peloton Interactive (NASDAQ: PTON)

Barry McCarthy resigns as CEO and from the Board of Directors. Mr. McCarthy is the former Chief Financial Officer at Spotify.

PVH (NYSE: PVH)

Allison Peterson to leave the Board of Directors. Ms. Peterson is the Chief Customer Officer at Best Buy.

Wolverine World Wide (NYSE: WWW)

David Kollat retires from the Board of Directors. Mr. Kollat is the Chiar of the Board & President at 22, Inc.

DAVID DENO

BARRY MCCARTHY

New Board Appointments

Duckhorn Portfolio (NYSE: NAPA)

Appoints David Burwick to the Board of Directors. Mr. Burwick is the former Chief Executive Officer at Boston Beer Company.

McCormick & Company (NYSE: MKC)

Appoints Valarie Sheppard to the Board of Directors. Ms. Sheppard is the EVP Controller & Treasurer at Procter & Gamble.

Resignations/Retirements

General Mills (NYSE: GIS)

Kerry Clark to leave the Board of Directors. Mr. Clark is the former Chairman of the Board and CEO at Cardinal Health.

TreeHouse Foods (NYSE: THS)

Mark Hunter resigns from the Board of Directors. Mr. Hunter is the former Chief Executive Officer at Molson Coors Brewing.

VALARIE SHEPPARD

MARK HUNTER

New Board Appointments Energy

CVR Energy (NYSE: CVI)

Appoints Julia Heidenreich Voliva to the Board of Directors. Ms. Heidenreich Voliva is the former Vice President, Renewables at HF Sinclair.

Exxon Mobil (NYSE: XOM)

Appoints Maria Dreyfus to the Board of Directors. Ms. Dreyfus is the Founder and CEO at Ardinall Investment Management.

FuelCell Energy (NASDAQ: FCEL)

Appoints Tyrone Michael Jordan to the Board of Directors. Mr. Jordan is the former Chief Operating Officer at DURA Automotive.

GE Vernova (NYSE: GEV)

Appoints. Martina Hund-Mejean to the Board of Directors. Ms HundMejean is the former Chief Financial Officer at MasterCard.

ProPetro (NYSE: PUMP)

Appoints Alex Volkov to the Board of Directors. Mr. Volkov is the Transition Executive - Pioneer at ExxonMobil.

MARIA DREYFUS

New Board Appointments

Alliancebernstein (NYSE: AB)

Appoints Bruce Holley to the Board of Directors. Mr. Holley is a Managing Director at Alvarez & Marsal.

Applied Digital (NASDAQ: APLD)

Appoints Ella Benson to the Board of Directors. Ms. Benson is a Senior Analyst at Oasis Management.

Boston Omaha (NYSE: BOC)

Adam Peterson promoted to Chairman of the Board and Chief Executive Officer. Mr. Peterson is the Founder and Managing Member of The Magnolia Group, LLC

Fannie Mae (OTCMKTS: FNMA)

Appoints Diane Lye to the Board of Directors. Ms. Lye is the former Chief Information Officer at Rivian Automotive.

First Financial Bankshares (NASDAQ: FFIN)

Appoints Sally Pope Davis to the Board of Directors. Ms. Pope Davis is a former Partner at Goldman Sachs.

FRP (NASDAQ: FRPH)

John Baker III promoted to CEO and he is appointed to the Board of Directors. Mr. Baker is the former President and Chief Executive Officer at Patriot Transportation Holding.

Montana Technologies (NASDAQ: AIRJ)

Appoints Kyle Derham to the Board of Directors. Mr. Derham is a Partner at Rice Investment Group.

Opendoor Technologies (NASDAQ: OPEN)

Appoints Eric Feder to the Board of Directors. Mr. Feder is the President of LENX, LLC.

Park National (NYSEAMERICAN: PRK)

Appoints Karen Morrison and Kelly Gratz to the Board of Directors. Ms. Morrison is the SVP, External Affairs at OhioHealth and Ms. Gratz is the Chief Executive Officer at G2O.

Rocket Companies (NYSE: RKT)

Appoints Casey Hurbis to the Board of Directors. Mr. Hubris is the Chief Marketing Officer at Rocket Mortgage.

Texas Capital Bancshares (NASDAQ: TCBI)

Appoints Mark Midkiff to the Board of Directors. Mr. Midkiff is the former Chief Risk Officer at KeyCorp.

ELLA BENSON

DIANE LYE

CASEY HURBIS

Resignations/Retirements

Globe Life (NYSE: GL)

Jane Buchan retires from the Board of Directors. Ms. Buchan is the Chief Executive Officer at Marlet Asset Management.

James River Grp (NASDAQ: JRVR)

Patricia Roberts resigns from the Board of Directors. Ms. Roberts is the former Chairperson, President and CEO at General Star Management.

JPMorgan Chase (NYSE: JPM)

Timothy Flynn and Michael Neal 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 Chair of the Board and Chief Executive Officer at GE Capital.

Morgan Stanley (NYSE: MS)

James Gorman resigns from the Board of Directors. Mr. Gorman is the former Chair of the Board and Chief Executive Officer at Morgan Stanley.

Pacific Premier Bancorp (NASDAQ: PPBI)

Joseph Garrett retires from Board of Directors. Mr. Garrett is a Principal at Garrett, McAuley & Co.

JAMES GORMAN

JANE BUCHAN

New Board Appointments

Acelyrin (NASDAQ: SLRN)

Mina Kim promoted to Chief Executive Officer and she is appointed to the Board of Directors. Ms. Kim is the former Chief Legal Officer & Head of Corporate Development at Zymergen.

Anika Therapeutics (NASDAQ: ANIK)

Appoints Joseph Capper and William Jellison to the Board of Directors. Mr. Capper is the Chief Executive Officer at MIMEDX and Mr. Jellison is the former Chief Financial Officer at Stryker.

Apogee Therapeutics (NASDAQ: APGE)

Appoints Lisa Bollinger to the Board of Directors. Ms. Bollinger is the former VP Global Regulatory Affairs & Clinical Safety, US FDA at Merck.

Arrivent Biopharma (NASDAQ: AVBP)

Appoints John Hohneker to the Board of Directors. Mr. Hohneker is the former Chief Executive Officer at Anokion SA.

ATAI Life Sciences NV (NASDAQ: ATAI)

Srinivas Rao promoted to CEO-elect and he is appointed to the Board of Directors. Mr. Rao is the Co-Founder and Chief Scientific Officer at ATAI Life Sciences NV.

Avadel Pharmaceuticals (NASDAQ: AVDL)

Appoints Naseem Amin to the Board of Directors. Mr. Amin is the Chief Executive Officer at Orphalan SA.

Bio-Techne (NASDAQ: TECH)

Appoints Judith Klimovsky to the Board of Directors. Ms. Klimovsky is the Chief Development Officer at Genmab.

Boston Scientific (NYSE: BSX)

Appoints Cheryl Pegus to the Board of Directors. Ms. Pegus is the former EVP Health & Wellness at Walmart.

Contineum Therapeutics (NASDAQ: CTNM)

Appoints Troy Ignelzi to the Board of Directors. Mr. Ignelzi is the former Chief Financial Officer at Rapport Therapeutics.

Cullinan Therapeutics (NASDAQ: CGEM)

Appoints David Meek to the Board of Directors. Mr. Meek is the former Chief Executive Officer at Mirati Therapeutics.

Edgewise Therapeutics (NASDAQ: EWTX)

Appoints Arlene Morris to the Board of Directors. Ms. Morris is the former Chief Executive Officer at Willow Advisors.

Fortrea (NASDAQ: FTRE)

Appoints Machelle Sanders to the Board of Directors. Ms. Sanders is the former Vice President, Multiple Sclerosis Franchise Product Operations at Biogen.

LISA BOLLINGER

CHERYL PEGUS

DAVID MEEK

New Board Appointments

Immunocore (NASDAQ: IMCR)

Appoints Ranjeev Krishana to the Board of Directors. Mr. Krishna is a Partner at Baker Bros.

Innoviva (NASDAQ: INVA)

Appoints Derek Small to the Board of Directors. Mr. Small is a Managing Director at Luson Bioventures.

Keros Therapeutics (NASDAQ: KROS)

Appoints Jean-Jacques Bienaime to the Board of Directors. Mr. Bienaime is the former Chief Executive Officer at BioMarin Pharmaceutical.

Lifecore Biomedical (NASDAQ: LFCR)

Names Paul Josephs Chief Executive Officer and he is appointed to the Board of Directors.

LifeMD (NASDAQ: LFMD)

Appoints Calum MacRae to the Board of Directors. Mr. MacRae is a Professor of Medicine at Harvard Medical School

Neurocrine Biosciences (NASDAQ: NBIX)

Promotes Kyle Gano to Chief Executive Officer and he is appointed to the Board of Directors.

Prestige Consumer Healthcare (NYSE: PBH)

Appoints John Kelly to the Board of Directors. Mr. Kelly is the former VP Quality Ops & EH&S at Pfizer.

Pulse Biosciences (NASDAQ: PLSE)

Burke Barrett named CEO and he is appointed to the Board of Directors. Mr. Barrett is the former Chief Executive Officer at CaridoFocus.

Quest Diagnostics (NYSE: DGX)

Appoints Robert Carter to the Board of Directors. Mr. Carter is the Chief Information Officer at FedEx & Co-President & Co-CEO at FedEx Services.

QuidelOrtho (NASDAQ: QDEL)

Brian Blaser named CEO and he is appointed to the Board of Directors. Mr. Blaser is the former EVP, Diagnostic Products at Abbott.

Sonida Senior Living (NYSE: SNDA)

Appoints Lilly Donohue to the Board of Directors. Ms. Donohue is the Chief Executive Officer at Everstory Partners.

Spyre Therapeutics (NASDAQ: SYRE)

Appoints Sandra Milligan to the Board of Directors. Ms. Milligan is the President at Aspira Women’s Health.

Syndax Pharmaceuticals (NASDAQ: SNDX)

Appoints Aleksandra Rizo to the Board of Directors. Ms. Rizo is the Chief Executive Officer at Vividion.

CALUM MACRAE

JEAN-JACQUES BIENAIME

ROBERT CARTER

Resignations/Retirements

180 Life Sciences (NASDAQ: ATNF)

James Woody resigns as CEO and from the Board of Directors. Mr. Woody is the General Partner at Latterell Venture Partners.

ALX Oncology (NASDAQ: ALXO)

Jack Nielsen and Itziar Canamasas resign from the Board of Directors. Mr. Nielsen is a Managing Director at Vivo Capital and Mr. Canamasas is the Chief Executive Officer at AtG Therapeutics.

ATAI Life Sciences NV (NASDAQ: ATAI)

Jason Camm resigns from the Board of Directors. Mr. Camm is the Managing Director and Chief Medical Officer at Thiel Capital.

Azenta (NASDAQ: AZTA)

Stephen Schwartz retires as CEO and from the Board of Directors. Mr. Schwartz is the former President, Chief Executive Officer & Chairman at Asyst Technologies, Inc.

Collegium Pharmaceutical (NASDAQ: COLL)

Joseph Ciaffoni departs as CEO and from the Board of Directors. Mr. Ciaffoni is the former President, US Branded Pharmaceuticals at Endo Pharmaceuticals.

Cytokinetics (NASDAQ: CYTK)

Sandford Smith resigns from the Board of Directors. Mr. Smith is the Founder and Chairman of the Board at Global Biolink Partners.

Lexicon Pharmaceuticals (NASDAQ: LXRX)

Lonnel Coats retires as CEO and from the Board of Directors. Mr. Coats is the former Chief Executive Officer of Eisai, Inc.

Longboard Pharmaceuticals (NASDAQ: LBPH)

Jane Tiller resigns from the Board of Directors. Ms. Tiller is the Chief Medical Officer at Neumora Therapeutics.

Y-mAbs Therapeutics (NASDAQ: YMAB)

Gerard Ber resigns from the Board of Directors. Mr. Ber is a former Co-Founder and Chief Operating Officer at Advanced Accelerator Applications S.A.

Zoetis (NYSE: ZTS)

Linda Rhodes retires from the Board of Directors. Ms. Rhodes is the former Chief Scientific Officer and CEO at Aratana Therapeutics.

JAMES WOODY

JOSEPH CIAFFONI

LINDA RHODES

New Board Appointments

Agilent Technologies (NYSE: A)

Padraig McDonnell promoted to CEO and he is appointed to the Board of Directors. Mr. McDonnell is the former Chief Operating Officer at Agilent Technologies.

Cohu (NASDAQ: COHU)

Appoints Karen Rapp to the Board of Directors. Ms. Rapp is the former Chief Financial Officer at National Instruments.

CSX (NASDAQ: CSX)

Appoints Anne Chow to the Board of Directors. Ms. Chow is the former Chief Executive Officer at AT&T Business.

Hexcel (NYSE: HXL)

Appoints Thomas Gentile to the Board of Directors. Mr. Gentile is the Chief Executive Officer at Hexcel.

Lennox Int’l (NYSE: LII)

Appoints Jon Vander Ark to the Board of Directors. Mr. Vander Ark is the Chief Executive Officer at Republic Services.

Lockheed Martin (NYSE: LMT)

Appoints Heather Wilson to the Board of Directors. Ms. Wilson is the President at The University of Texas El Paso.

Tennant (NYSE: TNC)

Appoints Mark Sheahan to the Board of Directors. Mr. Sheahan is the Chief Executive Officer at Graco.

Tronox (NYSE: TROX)

Appoints Lucrece Foufopoulos-De Ridder to the Board of Directors. Ms. Foufopoulos-De Ridder is the former Executive Vice President - Polyolefins & Circular Economy and CTO at Borealis.

Vontier (NYSE: VNT)

Appoints James Darrell Thomas to the Board of Directors. Mr. Thomas is the former Vice President and Treasurer at Harley-Davidson.

KAREN RAPP

JAMES DARRELL THOMAS

Resignations/Retirements

Agilent Technologies (NYSE: A)

Hans Bishop resigns from the Board of Directors. Mr. Bishop is the CoFounder, President, and Co-Chair of the Board at Altos Labs

AZZ (NYSE: AZZ)

David Kaden resigns from the Board of Directors. Mr. Kaden is a Senior Managing Director at Blackstone.

Douglas Dynamics (NYSE: PLOW)

Robert McCormick to retire as CEO and from the Board of Directors. Mr. McCormick is the former President at Xymox Technologies Inc.

Dril-Quip (NYSE: DRQ)

Amy Schwetz resigns from the Board of Directors. Ms. Schwetz is the Senior Vice President and Chief Financial Officer at Flowserve Corporation.

Great Lakes Dredge & Dock (NASDAQ: GLDD)

Ryan Levenson resigns from the Board of Directors. Mr. Levenson is a Portfolio Manager at Privet Fund Management.

LanzaTech Global (NASDAQ: LNZA)

Nimesh Patel resigns from the Board of Directors. Mr. Patel is a former Partner at AMCI.

Linde (NASDAQ: LIN)

Martin Richenhagen retires from the Board of Directors. Mr. Richenhagen is the former Chair of the Board and CEO at AGCO Corporation.

Lockheed Martin (NYSE: LMT)

Ilene Gordon resigns from the Board of Directors. Ms. Gordon is the Chair of the Board and Chief Executive Officer at Ingredion.

Paramount Global (NASDAQ: PARAA)

Robert Bakish resigns as CEO and from the Board of Directors. Mr. Bakish is the former President and Chief Executive Officer at ViacomCBS.

Quanterix (NASDAQ: QTRX)

Brian Blaser resigns from the Board of Directors. Mr. Blaser is the Chief Executive Officer at QuidelOrtho Corporation.

Ryerson (NYSE: RYI)

Eva Kalawski and Mary Ann Sigler leave the Board of Directors. Ms. Kalawski is a former Partner and General Counsel at Platinum and Ms. Sigler is the former Chief Financial Officer at Platinum.

SIFCO Industries (NYSEAMERICAN: SIF)

Peter Knapper resigns as CEO and from the Board of Directors.

AMY SCHWETZ

ILENE GORDON

PETER KNAPPER

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New Board Appointments

CenterPoint Energy (NYSE: CNP)

Appoints Barbara Duganier to the Board of Directors. Ms. Duganier is the former Global BPO Lead and Finance Business Services Lead for Resources Operating Group at Accenture.

Pure Cycle (NASDAQ: PCYO)

Appoints Susan Heitmann to the Board of Directors. Ms. Heitmann is a former Partner at KPMG.

Resignations/Retirements

Southern Co (NYSE: SO)

Stephen Kuczynski retires as President, Chairman and CEO of Southern Nuclear. Mr. Kuczynski is the former Senior Vice President of Engineering and Technical Support for Exelon Nuclear.

SUSAN HEITMANN

STEPHEN KUCZYNSKI

New Board Appointments

Chegg (NYSE: CHGG)

Nathan Schultz promoted to CEO and he is appointed to the Board of Directors. Mr. Schultz is the former Chief Operating Officer at Chegg.

Crown Castle (NYSE: CCI)

Steven Moskowitz rejoins the Board of Directors. Mr. Moskowitz is the Chief Executive Officer at Crown Castle.

New Board Appointments Resignations/Retirements

Stride (NYSE: LRN)

Craig Barrett to leave the Board of Directors. Mr. Barrett is the former Chief Executive Officer at Intel.

STEVEN MOSKOWITZ

CRAIG BARRETT

New Board Appointments Technology

Alarm.com (NASDAQ: ALRM)

Appoints Cecile Harper to the Board of Directors. Ms. Harper is the former Chief Financial Officer and Chief Operating Officer at University of Virginia College Foundation.

Alight (NYSE: ALIT)

Appoints Dave Guilmette and Coretha Rushing to the Board of Directors. Mr. Guilmette is the former Division CEO, Global Health Solutions at Aon and Ms. Rushing is a Managing Director at The ExCo Group.

Aspen Technology (NASDAQ: AZPN)

Appoints David Henshall to the Board of Directors. Mr. Henshall is the former President & CEO at Citrix.

BlackBerry (NYSE: BB)

Appoints Lori O’Neill to the Board of Directors. Ms. O’Neill is a former Audit Partner at Deloitte & Touche LLP.

Box (NYSE: BOX)

Appoints Steve Murphy to the Board of Directors. Mr. Murphy is the Chief Executive Officer at Epicor Software.

CSG Systems Int’l (NASDAQ: CSGS)

Appoints Samantha Greenberg to the Board of Directors. Ms. Greenberg is the Chief Financial Officer at ID.me.

Datadog (NASDAQ: DDOG)

Appoints Amit Agarwal to the Board of Directors. Mr. Agarwal is the former President at Datadog.

Emerson Electric (NYSE: EMR)

Appoints Calvin Butler to the Board of Directors. Mr. Butler is the Chief Executive Officer at Exelon Corp.

Five9 (NASDAQ: FIVN)

Appoints Maria Walker to the Board of Directors. Ms. Walker is the Founder, Partner and Chief Financial Officer at Patient Square Capital.

Glimpse Group (NASDAQ: VRAR)

Appoints Tamar Elkeles to the Board of Directors. Ms. Elkeles is the former Chief Learning Officer at Qualcomm.

Intuit (NASDAQ: INTU)

Appoints Vasant Prabhu to the Board of Directors. Mr. Prabhu is the former Chief Financial Officer at Visa.

Marvell Technology (NASDAQ: MRVL)

Appoints Rick Wallace and Daniel Durn to the Board of Directors. Mr. Wallace is the Chief Executive Officer at KLA Corp and Mr. Durn is the Chief Financial Officer at Adobe

LORI O’NEILL

AMIT AGARWAL

VASANT PRABHU

New Board Appointments

Nextdoor (NYSE: KIND)

Appoints Robert Hohman, Marissa Mayer, and Niraj Shah to the Board of Directors. Mr. Hohman is the Co-Founder and Chair of the Board at Glassdoor, Ms. Mayer is the Founder and CEO at Sunshine, and Mr. Shah is the Co-Founder and CEO at Wayfair.

NVE (NASDAQ: NVEC)

Appoints Kelly Wei to the Board of Directors. Ms. Wei is the VP, Corporate Strategy at Medtronic.

Pinterest (NYSE: PINS)

Appoints Charles Bergh to the Board of Directors. Mr. Bergh is the former Chief Executive Officer at Levi Strauss.

Reddit (NYSE: RDDT)

Appoints Sarah Farrell to the Board of Directors. Ms. Farrell is a Managing Partner at Waygrove Partnership.

Thoughtworks (NASDAQ: TWKS)

Mike Sutcliff named CEO and he is appointed to the Board of Directors. Mr. Sutcliff is the former Co-Founder and CEO at Mobeus Industries.

Unity Software (NYSE: U)

Matthew Bromberg named CEO and he is appointed to the Board of Directors. Mr. Bromberg is the former Senior Advisor at Blackstone.

Zuora (NYSE: ZUO)

Appoints John Harkey to the Board of Directors. Mr. Harkey is the Founder at JDH Investment Management.

CHARLES BERGH

MATTHEW BROMBERG

Resignations/Retirements

Ambarella (NASDAQ: AMBA)

Andrew Verhalen to leave the Board of Directors. Mr. Verhalen is a General Partner at Matrix Partners.

Axcelis Technologies (NASDAQ: ACLS)

Mary Puma retires from the Board of Directors. Ms. Puma is the former Chairperson of the Board and Chief executive Officer at Axcelis Technologies.

Cirrus Logic (NASDAQ: CRUS)

Timothy Dehne retires from the Board of Directors. Mr. Dehne is the former Chief Operating Officer at Xplore Technologies.

Duolingo (NASDAQ: DUOL)

Laela Sturdy resigns from the Board of Directors. Ms. Sturdy is a Managing Partner at CapitalG.

Flex Ltd (NASDAQ: FLEX)

Michael Capellas to leave the Board of Directors. Mr. Capellas is the Chief Executive Officer at Capellas Partners.

LegalZoom.com (NASDAQ: LZ)

Christine Wang resigns from the Board of Directors. Ms. Wang is a Principal at Francisco Partners.

MeridianLink (NYSE: MLNK)

Timothy Nguyen resigns from the Board of Directors. Mr. Nguyen is the CoFounder and Chief Strategy Officer at MeridianLink.

Methode Electronics (NYSE: MEI)

Avi Avula resigns as CEO and from the Board of Directors. Mr. Avula is the former Vice President of Strategy, Electronics & Industrial (E&I) Business at DuPont.

PROS (NYSE: PRO)

Cynthia Johnson resigns from the Board of Directors. Ms. Johnson was named SVP, Americas Commercial & Emerging Markets at ServiceNow.

Q2 (NYSE: QTWO)

RH Seale to leave the Board of Directors. Mr. Seale is the Founder at Q2.

Zuora (NYSE: ZUO)

Appoints John Harkey to the Board of Directors. Mr. Harkey is the Founder at JDH Investment Management.

MARY PUMA

CHRISTINE WANG

CYNTHIA JOHNSON

New Board Appointments

PowerFleet (NASDAQ: PWFL)

Appoints Andrew Martin to the Board of Directors. Mr. Martin is a Partner at PCM.

Shenandoah Telecommunications (NASDAQ: SHEN)

Appoints James DiMola and Matt DeNichilo to the Board of Directors. Mr. DiMola is a Managing Director at GCM Grosvenor and Mr. DeNichilo is a Partner at Energy Capital.

WideOpenWest (NYSE: WOW)

Appoints Jose Segrera to the Board of Directors. Mr. Segrera is a CoFounder at Segrera Associates.

ANDREW MARTIN

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

Board Appointments & Resignations May 2024

Private Corporations

Arturo

Appoints Juan Pujadas to the Board of Directors. Mr. Pujadas is a retired Vice Chairman at PricewaterhouseCoopers.

Core Specialty

Appoints Sally Pope Davis to the Board of Directors. Ms. Davis is a former executive at Goldman Sachs.

Deel

Appoints Francis deSouza to the Board of Directors. Mr. deSouza is thecofounder of SynthLabs.

Fi

Appoints Chad Dickerson to the Board of Directors. Mr. Dickerson is the former CEO at Etsy.

Heritage Environmental Services

Appoints Seth Myones to the Board of Directors. Mr. Myones is the President at Ridge Consultants LLC.

Prism Bank

Appoints DeWitt Ray III to the Board of Directors. Mr. Ray is the former CFO at Oklahoma Heritage Bank.

Soona

Appoints Ed Hallen and Lee Mayer to the Board of Directors. Mr. Hallen is the CPO and Co-Founder of Klaviyo and Ms. Lee is the CEO and CoFounder of Havenly.

Sun World

Appoints Elliot Grant to the Board of Directors. Mr. Grant is the CEO at Mineral.

Tractian

Appoints Hans Robertson to the Board of Directors. Mr. Robertson is the Executive Chairman and Co-Founder at Verkada.

JUAN PUJADAS

SALLY POPE DAVIS

FRANCIS DESOUZA

eb_sales@nortonlifelock.com

May 2024 Board Appointments Corporation Index

Atara

Autodesk

Banco Popular/Popular Bank

Baxter

Berkeley

BioMarin

Bio-Techne

Black Girls CODE

Blackstone

Bloomin’ Brands

Ardinall

Aspira

Asyst

May 2024 Board Appointments Corporation Index

May 2024 Board Appointments Corporation Index

May 2024 Board Appointments Corporation Index

Agarwal, Amit

Naseem

Athanasiu, Caryl

Averill, Julie.

Avula, Avi

May 2024 Board Appointments Director Index

Beale, Inga

Bergh, Charles

Bienaime, Jean-Jacques

Bishop, Hans

Blaser, Brian

Boggs, Paula

Torrence

26

Brady, James 27

Breber, Pierre 71

Bromberg, Matthew 88

Brooke, Beth 27

Brown, Neil 28

Buchan, Jane

Buchwald, Zach

77

28

Bunch, Tara 30

Burchfield, Jay 72

Burns, Laurie 30

Burwick, David 74

Butler, Calvin 87

Camm, Jason ...

Campion, Patrick

81

Campoy, Carlos 31

Camuñez, Michael 32

Canamasas, Itziar 81

Capellas, Michael 89

Capper, Joseph 79

Carter, Robert

Chambers, James 71

Chavez, R. Martin 32

Chow, Anne 82

Ciaffoni, Joseph

Clark, Kerry

Coats, Lonnel

Cohen, Gary

Colangelo, Brook

Coll, Francisco

Cox, Troy

Dehne, Timothy

DeNichilo , Matt

Deno, David

Derham, Kyle

Diaz, Romulo (Romy)

DiMola, James

Donohue, Lilly

Eric

Duganier, Barbara

Durn, Daniel

Dybul, Mark

Lewis

Farrell, Sarah

Jim

Kate

Fitterling, Jim

Flynn, Timothy

Foufopoulos-De Ridder, Lucrece

Freda-Smit, Nancy

Fust, Matthew

Gano, Kyle

Thomas

Gordon, Ilene

Ilene

Gorman, James

Cathy

Chrapaty, Debra 33 Chung, Patrick

May 2024 Board Appointments Director Index

MacRae, Calum

Marnell, Anthony

Marte, Mario

Martin, Andrew

Mayer, Marissa

McBride, Dwight

McCarthy, Barry

McCormick , Robert

McDonnell, Padraig

McGill Jr., William

Meek, David

Midkiff, Mark

Steven

Milligan, Sandra

Mora, Elizabeth

Morris, Arlene

Morrison, Karen

Moskowitz, Steven

Murphy, Glenn

Murphy, Steve

Naylor, Maile

Neal, Michael

Nguyen, Timothy

Jack

Norrington, Lorrie 54

O’Keeffe, Patrick 54

O’Neill, Lori 87

Pappas, V 55

Patel, Nimesh

Patterson, Leone

.83

55

Pegueros, Vanessa 56

Pegus, Cheryl 79

Peterson, Adam 76

Peterson, Allison 72

Pope Davis, Sally 76

Prabhu, Vasant

Pretti, Luiz ..

87

71

Puma, Mary 89

Rajlin, Juan 56

Rao, Srinivas 79 Rapp, Karen 82

Rayani, Rasool 70

Rhodes, Linda ...

81

Richardson, Nathan 57

Richenhagen, Martin 83

Ricketts, Brooke 57

Rizo, Aleksandra 80

Roberts, Patricia 77

Ross, Scott 71

Rushing, Coretha ....

Ruzynski, Joseph

Sanders, Machelle 79

Schlichting, Nancy 58

Schwartz, Stephen 81

Schwetz, Amy 83

Seale, RH 89

Segrera, Jose

Senkypl, Dusan

Shah, Atish

Shah, Niraj

Sheahan, Mark

Sheppard, Valarie

Sigler, Mary Ann

Silvernail, Andrew

Small, Derek

Smith, Christie

Smith, Rob

Smith, Sandford

Soto, Myrna

Soto, Tom

Stanley, Adam

Stengel, William

Sturdy, Laela

Sutcliff, Mike

Terwoerds, Lynn

Thacker, Scott

Thomas, James

Tiller, Jane

Torres, Denice

Vander Ark, Jon

Verhalen, Andrew

Volkov, Alex

Walker, Maria

Wallace, Rick

Wang, Christine

Watters, Joseph

Wei, Kelly

Wensinger, Jeremy

Wilmington, Philip

Wilson, Heather

Woody, James

Yang, Vivian