T-Mobile nominates first woman of color to board of directors
The first woman of color has been nominated to T-Mobile’s U.S. board of directors.
T-Mobile US, Inc. said in an announcement that it has nominated Bavan M. Holloway to join its board of directors. If elected by stockholders, Holloway is expected to join the board and its Audit Committee after T- Mobile’s annual stockholders meeting on June 3, 2021.
Holloway will be the first woman of color to serve on T-Mobile’s board and one of three female directors.
Holloway has been with T-Mobile since 2013 and has over 30 years of broad finance and audit experience. She previously served as Vice President of Corporate Audit for Boeing, among other senior finance roles.
According to a recent research on Fortune 500 companies, women of color are the most underrepresented group in boards, with an extremely low participation of 4.6%, while white women hold nearly four times as many seats as women of color. Two thirds of the seats are held of course by white men.
As pressure to diversity the boardroom mounts and reality has caught up with the risks of the all-male board, companies are starting to take a more inclusive approach to board design.
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