April 2025 Report Summary
Companies continue to diversify board composition by appointing women to public company boards.
Women comprised 25.1% of new appointments to public boards of directors, with 59 women and 176 men appointed in April 2025.
The pressure to increase diversity at the board level remains critical to ensuring the advancement of women in boardrooms and professional environments overall.
While only 27.2% of the newly appointed women board members chose to self-disclose their race or ethnicity, boards must continue to prioritize both gender and racial diversity. The data continues to highlight the value of disclosure, as data gaps inhibit advocates and allies from understanding the complete picture of women’s representation on boards, especially for women of color (WOC), and where progress can be made.
In April, women who self-identified as Asian / Pacific Islander were represented highest in board appointments, with 10 women appointed to boards, making up about 16.9% of all appointed women.
Of the newly women appointed to the boards of public companies, 25 women, or 42.4%, were first-time board appointments. In April, Consumer Cyclical companies led the way in the appointment of women board directors with 18.6% of total appointments. Financial Services companies followed closely behind with women filling 13.6% of newly appointed board memberships.
Additionally, women affiliated with WBC Partner organizations also touted appointments in October, including Julie A. Beck of Ellevate Network; Melissa K. McSherry of Women’s Forum of New York; and Kimberly Y. Chainey of Women’s Forum of New York.
Finally, WBC acknowledges companies leading the way this month include Classover Holdings, Inc., which had the most reported women’s board appointments.
Equilar and WBC are tracking and analyzing the growth and rotation of board seats on public companies and the expanding candidate pool. Through our partnership, we will continue to track and analyze not only the count, diversity and profile of the women appointed to boards; but also the companies and industries where women are leading.
| Company | Director | Industry | Ethnicity |
|---|---|---|---|
| Accel Entertainment, Inc. | Cheryl A. Kondra  | Healthcare | Hispanic / Latino |
| Aerovate Therapeutics, Inc. | Erin M. Lavelle | Consumer Defensive | |
| AerSale Corporation | Carol A. DiBattiste | Industrials | Black / African American |
| AGCO Corporation | Zhanna Golodryga | Consumer Cyclical | |
| Amcor plc | Jill A. Rahman | Real Estate | |
| Argan, Inc. | Lisa Larroque Alexander | Financial Services | |
| Aspira Women's Health Inc. | Cynthia Hundorfean | Utilities | |
| Atlassian Corporation | Karen E. Dykstra | Basic Materials | |
| AutoZone, Inc. | Claire McDonough | Consumer Cyclical | Black / African American |
| Black Hills Corporation | Anne G. Waleski | Financial Services | |
| Bowman Consulting Group Ltd. | Virginia L. Grebbien | Energy | |
| Braemar Hotels & Resorts Inc. | Kellie K. Sirna | Healthcare | |
| Bridger Aerospace Group Holdings, Inc. | Meghan Pasricha | Financial Services | |
| CenterPoint Energy, Inc. | Laurie Fitch | Industrials | |
| Citi Trends, Inc. | Pamela J. Edwards | Technology | Black / African American |
| Classover Holdings, Inc. | Amanda Chang | Industrials | |
| Classover Holdings, Inc. | Hui Luo | Consumer Defensive | |
| Classover Holdings, Inc. | Yan Zhang | Financial Services | |
| Classover Holdings, Inc. | Yin Liang | Healthcare | Hispanic / Latino |
| Classover Holdings, Inc. | Yun Xia | Consumer Cyclical | |
| CoStar Group, Inc. | Christine M. McCarthy | Technology | |
| CoStar Group, Inc. | Rachel C. Glaser | Communication Services | |
| Cousins Properties Incorporated | Susan L. Givens | Utilities | |
| Domino's Pizza, Inc. | Diane L. Cafritz | Industrials | |
| Dow Inc. | Dr. Rebecca B. Liebert Ph.D. | Financial Services | |
| Edison International | Jennifer M. Granholm | Real Estate | |
| Exact Sciences Corporation | Leslie L. Trigg | Consumer Defensive | |
| FutureFuel Corp. | Pamela R. Butcher | Consumer Cyclical | Asian / Pacific Islander |
| Genuine Parts Company | Laurie Schupmann | Real Estate | |
| HA Sustainable Infrastructure Capital, Inc. | Laura A. Schulte | Consumer Cyclical | |
| Herbalife Ltd. | Lynda Cloud | Healthcare | |
| Independent Bank Corp. | Aparna Ramesh | Consumer Cyclical | Middle Eastern / North African |
| Independent Bank Corp. | Dawn Perry | Real Estate | |
| Ingersoll Rand Inc. | Michelle Swanenburg | Consumer Cyclical | |
| Insulet Corporation | Ashley McEvoy | Healthcare | |
| Interactive Brokers Group, Inc. | Lori Conkling | Industrials | |
| Jabil Inc. | Suja Chandrasekaran | Industrials | |
| Life Time Group Holdings, Inc. | Jennifer S. Pomerantz | Financial Services | |
| Madison Square Garden Entertainment Corp. | Claire Sweeney | Basic Materials | Asian / Pacific Islander |
| Marqeta, Inc. | Elaine Paul | Consumer Defensive | |
| Marqeta, Inc. | Wendy K. Thomas | Basic Materials | |
| Meta Platforms, Inc. | Dina H. Powell McCormick | Utilities | Asian / Pacific Islander |
| Offerpad Solutions Inc. | Donna M. Corley | Consumer Cyclical | |
| P10, Inc. | Jennifer Glassman | Real Estate | |
| Primoris Services Corporation | Harpreet Saluja | Consumer Defensive | |
| Renasant Corporation | Diana Renee Moore | Technology | |
| Ring Energy, Inc. | Carla Tharp | Industrials | |
| RPM International Inc. | Julie A. Beck | Consumer Cyclical | |
| Sleep Number Corporation | Linda Findley | Financial Services | |
| Texas Capital Bancshares, Inc. | Ranjana B. Clark | Real Estate | |
| The Gorman-Rupp Company | Pamela A. Heminger | Technology | Black / African American |
| Triumph Financial, Inc. | Melissa K. McSherry | Technology | |
| Tvardi Therapeutics, Inc. | Cynthia Smith | Industrials | |
| Under Armour, Inc. | Dawn N. Fitzpatrick | Consumer Cyclical | |
| Unitil Corporation | Katherine Kountze | Utilities | |
| Victory Capital Holdings, Inc. | Celin Boyer-Chammard | Consumer Cyclical | |
| Warrior Met Coal, Inc. | Kimberly Y. Chainey | Basic Materials | |
| WNS Limited | Sylvie Ouziel | Financial Services | Black / African American |
| Yunhong CTI Ltd. | Jana M. Schwan | Consumer Defensive |