The number of Black appointees to Russell 3000 corporate boards surged in the wake of George Floyd’s death and the racial justice movement that ensued, with Procter & Gamble, Pinterest, PepsiCo, Target, and UPS among the companies that appointed Black directors, according to research that Board Prospects, a digital platform for companies to find board talent and C-suite executives, shared with Barron’s.
In the five months since Floyd’s death on 25 May, Russell 3000 companies appointed 129 Black board members, compared with 38 Black directors appointed in the preceding five months, according to Board Prospects. The number of Black directors in the Russell 3000 isn’t readily available, partly because many companies don’t disclose the racial makeup of their boards.