Progress One of 9 Massachusetts-based Businesses with Critical Mass of Women Directors and Executive Officers

Rhea-AI Summary

Progress (Nasdaq: PRGS) has been recognized by The Boston Club in its 2022 Census of Women Directors and Executive Officers as one of nine companies with a 'critical mass of Women Directors and Executive Officers' in Massachusetts. This recognition highlights Progress' commitment to inclusion and diversity, as it aligns with the census' findings that women now hold nearly 30% of board positions among the largest public companies in the state. CEO Yogesh Gupta emphasizes the company’s focus on gender parity and social responsibility.

Positive

• Recognized by The Boston Club as having a critical mass of Women Directors and Executive Officers.
• Progress is one of only nine companies evaluated, demonstrating commitment to diversity.
• Contribution to gender parity with nearly 30% of board seats held by women.

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• None.

The Boston Club Releases Results of 2022 Census of Women Directors and Executive Officers of Massachusetts Public Companies

BURLINGTON, Mass., Dec. 01, 2022 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced its inclusion in “The 2022 Census of Women Directors and Executive Officers of Massachusetts Public Companies” as one of only nine companies with “critical mass of Women Directors and Executive Officers.” Progress is one of the 100 largest Massachusetts-based public companies evaluated for the number of women in Board of Director and Executive Officer positions.

Celebrating its 20^th anniversary, titled “Onward & Upward,” The Boston Club census is based on company net revenue as reported by the Boston Business Journal and data drawn from company filings with the Securities and Exchange Commission (SEC) as of June 30, 2022. Progress is one of only nine companies with a “critical mass of Women Directors and Executive Officers”. This means that each of the nine companies has at least three women directors and three women executive officers.

“Our inaugural report revealed that women held just 9% of board seats at the 100 largest public companies in Massachusetts. In 2022, women--including women of color--now constitute nearly 30% of all directors,” said Lisa Prior, President, The Boston Club. “While this is a significant achievement, there’s still much work to be done and we look forward to working with organizations such as Progress to continue to enable change and achieve gender parity.”

Success in business requires more than delivering the best products and making customers successful—it requires driving social justice and economic equality for all. For Progress, that means building an inclusive culture, having equity and fairness throughout the business and supporting our global community. Progress’ people-centric culture and corporate social responsibility (CSR) program have earned the company top marks from some of the most notable organizations in the world, including The Boston Club.

“We are delighted to have been highlighted by The Boston Club on its select list of large Massachusetts companies with a critical mass of Women Directors and Executive Officers,” said Yogesh Gupta, CEO, Progress. “We’re proud of our track record on inclusion and diversity, and Progress will continue to lead in this arena. And we thank The Boston Club for their work on gender parity.”

For more information about career opportunities at Progress go to www.progress.com/careers. To learn more about Progress’ Corporate Social Responsibility program, Progress for Tomorrow, go to https://www.progress.com/social-responsibility.

About Progress
Dedicated to propelling business forward in a technology-driven world, Progress (Nasdaq: PRGS) helps businesses drive faster cycles of innovation, fuel momentum and accelerate their path to success. As the trusted provider of the best products to develop, deploy and manage high-impact applications, Progress enables customers to develop the applications and experiences they need, deploy where and how they want and manage it all safely and securely. Hundreds of thousands of enterprises, including 1,700 software companies and 3.5 million developers, depend on Progress to achieve their goals—with confidence. Learn more at www.progress.com, and follow us on LinkedIn, YouTube, Twitter, Facebook and Instagram.

Progress is a trademark or registered trademark of Progress Software Corporation and/or one of its subsidiaries or affiliates in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners.

Press Contacts:
Kim Baker
Progress
+1-781-280-4000
pr@progress.com

FAQ

What recognition did Progress (PRGS) receive in 2022?

Progress was recognized by The Boston Club as one of nine companies with a 'critical mass of Women Directors and Executive Officers' in its 2022 Census.

How many women hold board positions at Progress (PRGS)?

Progress is acknowledged for having at least three women directors and three women executive officers.

What percentage of board seats do women hold in Massachusetts public companies as of 2022?

In 2022, women hold nearly 30% of all board seats among the largest public companies in Massachusetts.

Who is the CEO of Progress (PRGS)?

The CEO of Progress is Yogesh Gupta.