Through conversation across the firm including input from our various affinity groups, PFM recognized there was an opportunity to advance our diversity, equity and inclusion objectives intentionally seeking out diverse candidates to be considered for positions on the firm’s our newly reconstituted Board of Directors.

 In the fall of 2021, in conjunction with the reorganization of PFM into a standalone independent financial advisory firm, a search committee of Managing Directors was formed with the sole purpose of nominating qualified diverse candidates to fill two open seats for External Member of the Board of Directors. In the process of reconstituting the Board, Management looked to naming five internal Board members who reflected the diversity of PFM’s culture as well as that of the clients we serve. After a vetting process, two very qualified external candidates were named, one a distinguished woman African-American business leader from Tennessee and the other a male Hispanic former State Senator from California. 

PFM’s newly constituted Board, which will hold its first Board Meeting in February, now has a representation which includes, 43% women and 57% people of color (including two African-American women and two Hispanic men.) PFM’s Managing Directors are pleased to support this initiative in response to the requests of the broader Partnership to increase management’s diversity to better reflect the communities we serve.