UPS Reaches 31% Female Board Membership With Addition of Pfizer Executive Hwang
July 13 2020 - 11:50AM
Dow Jones News
By Colin Kellaher
United Parcel Service Inc. on Monday said Pfizer Inc. executive
Angela Hwang has joined its board, expanding it to 13 directors and
boosting female representation to 31%.
Ms. Hwang is group president of Pfizer's biopharmaceuticals
group, which accounts for roughly 80% of the New York drugmaker's
revenue, and a member of Pfizer's executive team.
The Atlanta package-delivery giant said the addition of Ms.
Hwang, who is joining the board's audit committee, complements its
efforts to expand in the healthcare logistics sector.
With Ms. Hwang's appointment, women now hold four of UPS's 13
board seats. Many gender diversity advocacy groups aim to reach a
near-term target of 30% female representation on public company
boards.
Carol Tome, a director since 2003, in June became the first
woman to serve as CEO of UPS in company's 113-year history and the
first outsider to hold the top job.
Ms. Hwang also becomes the first current UPS board member of
Asian descent and, at 54 years old, its second-youngest
director.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 13, 2020 11:35 ET (15:35 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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