Worcester Business Journal

wbjournal.com | February 8, 2021 | Worcester Business Journal 9 W O M E N I N L E A D E R S H I P F O C U S Starting in 2018, WBJ examined the gender breakdown of the boards of directors and executive teams of 75 prominent Central Massachusetts business organizations, finding the region lagged behind state and national averages. This year, the percentage of women in leadership positions hit a four-year high. The Central Massachusetts Boardroom Gap, by company *Female-led Notes: Data is for most recent year available in the filings. Executives who also serve on boards of directors are counted twice. For public companies, those listed are named executives in annual reports. For private corporations, those listed are named on their filings with the Massachusetts Secretary of the Commonwealth, where they must % point 2018 2019 2020 2021 change Public companies 59 303 19% Financial institutions 89 292 30% Private corporations 48 129 37% Healthcare organizations 70 185 38% Colleges 174 429 41% Social service nonprofits 187 352 53% 2021 female 2021 total 2021 percent executives and executives and female board members board members leadership COLOR LEGEND: % point 2018 2019 2020 2021 change include the president, treasurer, secretary and at least one director. Companies without local headquarters are not included. Sources: U.S. Securities & Exchange Commission filings, company websites, Commonwealth of Massachusetts, U.S. Internal Revenue Service 990 forms through guidestar.org. FLEXcon, Spencer 33% 50% 0% 0% -33 Reliant Medical Group, Worcester 28% 26% 13% 0% -28 SeaChange International, Acton 10% 10% 0% 0% -10 AA Transportation, Shrewsbury 0% 0% 0% 0% 0 Consigli Construction, Milford 0% 0% 0% 0% 0 L.S. Starret Co., Athol 0% 0% 0% 0% 0 Psychemedics, Acton 0% 0% 0% 0% 0 Solect Energy, Hopkinton 0% 0% 7% 0% 0 IPG Photonics, Oxford 7% 6% 6% 6% -1 Polar Beverages, Worcester 17% 17% 8% 8% -9 Oxford Immunotec, Marlborough 14% 13% 15% 8% -6 Cornerstone Bank, Southbridge 10% 14% 11% 8% -2 Virtusa Corp., Westborough 0% 0% 8% 9% 9 Staples, Framingham 29% 29% 22% 13% -17 Cognex, Natick 0% 17% 18% 13% 13 Harrington Health Care System, Southbridge 13% 13% 14% 14% 1 AMSC, Devens 13% 0% 14% 14% 1 Webster Five Savings Bank, Webster 14% 14% 13% 15% 1 Ameresco, Framingham 14% 14% 8% 20% 6 ReWalk Robotics, Marlborough 9% 8% 13% 20% 11 BJ's Wholesale Club, Westborough 43% 6% 20% 21% -22 Avidia Bank, Hudson 18% 17% 19% 23% 5 MathWorks, Natick 25% 25% 0% 25% 0 Biostage, Holliston 0% 10% 21% 25% 25 Hanover Insurance Group, Worcester 24% 20% 29% 26% 2 Assumption College, Worcester 26% 27% 23% 26% 0 Waters Corp., Milford 14% 27% 32% 28% 14 Boston Scientific, Marlborough 20% 19% 19% 28% 8 UMass Medical School, Worcester 32% 34% 29% 29% -3 UniBank, Whitinsville 30% 24% 25% 29% -1 Hologic, Marlborough 29% 36% 29% 29% 0 Dean College*, Franklin N/A 31% 28% 30% -1 Workers Credit Union, Littleton 33% 32% 32% 33% 0 Cumberland Farms, Westborough 20% 20% 20% 33% 13 MutualOne Bank, Framingham 6% 6% 11% 33% 27 YMCA of Central Massachusetts, Worcester 32% 29% 43% 35% 3 Insulet*, Acton N/A 39% 47% 35% -4 Anna Maria College*, Paxton 48% 47% 37% 36% -12 Milford Medical Center, Milford 48% 46% 35% 36% -12 College of the Holy Cross, Worcester 33% 31% 26% 36% 3 Saint Vincent Hospital*, Worcester 33% 32% 33% 36% 3 Middlesex Savings Bank, Natick 30% 31% 32% 37% 7 TJX Cos., Framingham/Marlborough 29% 38% 35% 37% 8 Fidelity Bank, Leominster 41% 35% 33% 38% -4 Digital Federal Credit Union, Marlborough 38% 33% 38% 38% 0 Clark University, Worcester 34% 40% 33% 39% 5 Table Talk Pies, Worcester 40% 50% 50% 40% 0 United Way of North Central Massachusetts, Fitchburg 38% 50% 41% 40% 2 Worcester Polytechnic Institute*, Worcester 36% 37% 36% 40% 4 Cummings School of Veterinary Medicine, Grafton 38% 36% 23% 41% 3 UMass Memorial Health Care, Worcester 29% 30% 30% 42% 13 Sunovion Pharmaceuticals, Marlborough 0% 8% 8% 42% 42 Seven Hills Foundation, Worcester 36% 38% 53% 42% 6 Main Street Bank, Marlborough 39% 33% 44% 42% 3 Open Sky Community Services, Worcester 38% 50% 43% 43% 5 United Way of Central Massachusetts, Worcester 37% 41% 36% 44% 7 Bose Corp., Framingham 9% 15% 23% 44% 35 Nichols College*, Dudley 34% 33% 36% 47% 13 Heywood Hospital, Gardner 41% 33% 44% 47% 6 Mount Wachusett Community College, Gardner 53% 48% 44% 47% -6 New England Center for Children, Southborough 52% 50% 36% 48% -4 Fallon Health, Worcester 32% 40% 43% 50% 18 Hanover Theatre, Worcester 55% 64% 55% 52% -3 Becker College*, Worcester 43% 41% 45% 53% 10 Framingham State University, Framingham 41% 47% 53% 53% 12 MetroWest Medical Center*, Framingham 18% 38% 50% 53% 35 Fitchburg State University, Fitchburg 60% 56% 59% 55% -5 Worcester Art Museum, Worcester 44% 45% 53% 55% 11 Worcester State University, Worcester 65% 58% 53% 55% -10 Boys and Girls Club of MetroWest, Marlborough 50% 44% 53% 56% 6 Quinsigamond Community College, Worcester 71% 65% 65% 59% -12 eClinicalWorks, Framingham 33% 33% 29% 62% 29 Venture Community Services, Sturbridge 64% 63% 67% 67% 3 Boys and Girls Club of Worcester* 54% 64% 68% 67% 13 YWCA of Central Massachusetts*, Worcester 98% 98% 98% 97% -1 TOTAL: 33% 35% 34% 37% 4

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