January 2025 Report Summary
Companies continue to diversify board composition by appointing women to public company boards.
Women comprised 27.9% of new appointments to public boards of directors, with 86 women and 266 men appointed in January 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 24.4% 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 January, women who self-identified as Asian / Pacific Islander were represented highest in board appointments, with 12 women appointed to boards, making up about 14.0% of all appointed women.
Of the newly women appointed to the boards of public companies, 44 women, or 51.2%, were first-time board appointments. In January, Financial Services companies led the way in the appointment of women board directors with 20.9% of total appointments. Industrials companies followed closely behind with women filling 18.6% of newly appointed board memberships.
Additionally, women affiliated with WBC Partner organizations also touted appointments in January, including Titilope O. Cole of Executive Leadership Council, Geisha Jimenez Williams and Ana Pinczuk of Latino Corporate Directors Association, and Deanna D. Strable-Soethout of The 30% Club.
Finally, WBC acknowledges companies leading the way this month include UMB Financial Corporation, 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 |
|---|---|---|---|
| Acadian Asset Management Inc. | Kelly Young  | Financial Services | |
| Achieve Life Sciences, Inc. | Kristen B. Slaoui Ph.D. | Healthcare | |
| Achieve Life Sciences, Inc. | Nancy R. Phelan | Healthcare | |
| ALX Oncology Holdings Inc. | Dr. Barbara Klencke M.D. | Healthcare | |
| Amerant Bancorp Inc. | Lisa Lutoff-Perlo | Financial Services | |
| Analog Devices, Inc. | Andrea F. Wainer | Technology | |
| Apellis Pharmaceuticals, Inc. | Keli Walbert | Healthcare | |
| Asbury Automotive Group, Inc. | Shamla Naidoo | Consumer Cyclical | Black / African American; Asian / Pacific Islander |
| Avista Corporation | Heather Lynn Rosentrater | Utilities | |
| Bank of America Corporation | Maria N. Martinez | Financial Services | Hispanic / Latino |
| BILL Holdings, Inc. | Keri Gohman | Technology | |
| Booz Allen Hamilton Holding Corporation | Debra Dial | Industrials | |
| Burlington Stores, Inc. | Shira D. Goodman | Consumer Cyclical | |
| Carlisle Companies Incorporated | Sheryl D. Palmer | Industrials | |
| Carrier Global Corporation | Amy E. Miles | Industrials | |
| CBIZ, Inc. | Kathy A. Raffa | Industrials | |
| Central Pacific Financial Corp. | Diane S.L. Paloma | Financial Services | Asian / Pacific Islander |
| Citigroup Inc. | Titilope O Cole | Financial Services | Black / African American |
| Cleveland-Cliffs Inc. | Jane M. Cronin | Basic Materials | |
| Core Natural Resources, Inc. | Holly Keller Koeppel | Energy | |
| CSX Corporation | Ann Begeman | Industrials | |
| Ctrl Group Limited | Ka Man Chan | Communication Services | Asian / Pacific Islander |
| DiamondRock Hospitality Company | Stephanie Lepori | Real Estate | |
| ePlus inc. | Melissa J. Ballenger | Technology | |
| Exact Sciences Corporation | Kimberly J. Popovits | Healthcare | |
| Excelerate Energy, Inc. | Nisha D. Biswal | Energy | Asian / Pacific Islander |
| FIGS, Inc. | Melanie Anya Whelan | Consumer Cyclical | |
| Financial Institutions, Inc. | Angela J. Panzarella | Financial Services | |
| Floor & Decor Holdings, Inc. | Nada Aried | Consumer Cyclical | |
| Flowco Holdings Inc. | Cynthia Lynn Walker | Energy | |
| Foot Locker, Inc. | Sonia Syngal | Consumer Cyclical | Asian / Pacific Islander |
| Gamehaus Holdings Inc. | Ling Yan | Technology | Asian / Pacific Islander |
| Glacier Bancorp, Inc. | Beth Noymer Levine | Financial Services | |
| Golden Matrix Group, Inc. | Snezana Bozovic | Communication Services | |
| GoodRx Holdings, Inc. | Wendy Lynn Barnes | Healthcare | |
| Great Lakes Dredge & Dock Corporation | Dana A. Armstrong | Industrials | |
| Heritage Financial Corporation | Karen Rae Saunders | Financial Services | |
| IBEX Limited | Karen Batungbacal | Technology | Asian / Pacific Islander |
| Innovative Solutions and Support, Inc. | Denise L. Devine | Industrials | |
| Inogen, Inc. | Mira Kirti Sahney | Healthcare | |
| Integra LifeSciences Holdings Corporation | Mojdeh Poul | Healthcare | Middle Eastern / North African |
| International Flavors & Fragrances Inc. | Cynthia Jamison | Basic Materials | |
| Iron Mountain Incorporated | June Yee Felix | Real Estate | Asian / Pacific Islander |
| JBT Marel Corporation | Dr. Svafa Gronfeldt | Industrials | |
| JBT Marel Corporation | Ann Elizabeth Savage | Industrials | |
| Kaiser Aluminum Corporation | Kimberly T. Glas | Basic Materials | |
| Kimco Realty Corporation | Nancy Lashine | Real Estate | |
| Kinetik Holdings Inc. | Karen Putterman | Energy | |
| Lantheus Holdings, Inc. | Dr. Phuong Khanh Morrow M.D. | Healthcare | Asian / Pacific Islander |
| Mercantile Bank Corporation | Sara A. Schmidt | Financial Services | |
| Mercantile Bank Corporation | Shoran R. Williams | Financial Services | Black / African American |
| Mercury Systems, Inc. | Jean A. Bua | Industrials | |
| Meritage Homes Corporation | Geisha Jimenez Williams | Consumer Cyclical | Hispanic / Latino |
| Mistras Group, Inc. | Natalia Shuman-Fabbri | Industrials | |
| National Health Investors, Inc. | Candice W. Todd | Real Estate | |
| Nature's Sunshine Products, Inc. | Katie Ann May | Consumer Defensive | |
| Norfolk Southern Corporation | Lori J. Ryerkerk | Industrials | |
| Ovintiv Inc. | Terri G. King | Energy | |
| Pangaea Logistics Solutions, Ltd. | Christina Tan | Industrials | |
| Phibro Animal Health Corporation | Joyce J. Lee | Healthcare | Asian / Pacific Islander |
| Principal Financial Group, Inc. | Deanna D. Strable-Soethout | Financial Services | |
| Progyny, Inc. | Debra L. Morris | Healthcare | |
| Sally Beauty Holdings, Inc. | Debra G. Perelman | Consumer Cyclical | |
| Simpson Manufacturing Co., Inc. | Angela C. Drake | Basic Materials | |
| SmartRent, Inc. | Ana Pinczuk | Technology | Hispanic / Latino |
| Solo Brands, Inc. | Elisabeth Vanzura | Consumer Cyclical | |
| Sonder Holdings Inc. | Erin J. Wallace | Consumer Cyclical | |
| SouthState Corporation | Janet P. Froetscher | Financial Services | |
| Sprinklr, Inc. | Jan Hauser | Technology | |
| Surgery Partners, Inc. | Dr. Laura L. Forese M.D. | Healthcare | |
| Tactile Systems Technology, Inc. | Laura G. King | Healthcare | |
| The Mosaic Company | Kathleen M. Shanahan | Basic Materials | |
| The Mosaic Company | Sonya C. Little | Basic Materials | Black / African American |
| The Simply Good Foods Company | Romitha S. Mally | Consumer Defensive | Asian / Pacific Islander |
| The Timken Company | Kimberly Karen Ryan | Industrials | |
| TPG Inc. | Kathy Elsesser | Financial Services | |
| Tredegar Corporation | Christine R. Vlahcevic | Industrials | |
| Trustmark Corporation | Lea B. Turnipseed | Financial Services | |
| Tyra Biosciences, Inc. | Adele M. Gulfo | Healthcare | |
| U.S. Bancorp | Gunjan Kedia | Financial Services | Asian / Pacific Islander |
| Ulta Beauty, Inc. | Kecia L. Steelman | Consumer Cyclical | |
| UMB Financial Corporation | Jennifer Kowalski Hopkins | Financial Services | |
| UMB Financial Corporation | Margaret Lazo | Financial Services | Hispanic / Latino |
| UMB Financial Corporation | Susan G. Murphy | Financial Services | |
| United Rentals, Inc. | Julie M. Heuer Brandt | Industrials | |
| Universal Display Corporation | April E. Walker | Technology | Black / African American |