March 2025 Report Summary
Companies continue to diversify board composition by appointing women to public company boards.
Women comprised 25.9% of new appointments to public boards of directors, with 63 women and 180 men appointed in March 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 23.8% 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 March, women who self-identified as Asian / Pacific Islander were represented highest in board appointments, with 7 women appointed to boards, making up about 11.1% of all appointed women.
Of the newly women appointed to the boards of public companies, 28 women, or 44.4%, were first-time board appointments. In March, Healthcare companies led the way in the appointment of women board directors with 20.6% of total appointments. Technology and Financial Services companies followed closely behind with women filling 15.9% of newly appointed board memberships each.
Additionally, women affiliated with WBC Partner organizations also touted appointments in October, including: Julie A. Beck of Ellevate Network.
Finally, WBC acknowledges companies leading the way this month include CoreCivic, 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 |
|---|---|---|---|
| AAR CORP. | Hema Widhani  | Industrials | Asian / Pacific Islander |
| Aeva Technologies, Inc. | Katherine Motlagh | Technology | |
| Alexandria Real Estate Equities, Inc. | Dr. Claire Aldridge Ph.D. | Real Estate | |
| American Axle & Manufacturing Holdings, Inc. | Terry Grayson-Caprio | Consumer Cyclical | |
| Ameriprise Financial, Inc. | Glynis A. Bryan | Financial Services | Black / African American |
| Arcellx, Inc. | Kristin Myers | Healthcare | |
| Armada Hoffler Properties, Inc. | Jennifer R. Boykin | Real Estate | |
| Aura Biosciences, Inc. | Teresa Marie Bitetti | Healthcare | |
| Beyond, Inc. | Debra G. Perelman | Consumer Cyclical | |
| BioLife Solutions, Inc. | Catherine Coste | Healthcare | |
| Blue Owl Capital Inc. | Jennifer Brouse | Financial Services | |
| Brag House Holdings, Inc. | Michele Morrow | Communication Services | |
| Builders FirstSource, Inc. | Cheryl Ainoa | Industrials | |
| Builders FirstSource, Inc. | Maria Renz | Industrials | |
| Champion Homes, Inc. | Mary B. Fedewa | Consumer Cyclical | |
| Climb Bio, Inc. | Kimberlee C. Drapkin | Healthcare | |
| Cloudflare, Inc. | Stacey Cunningham | Technology | |
| Codexis, Inc. | Cindy Collins | Healthcare | |
| ContextLogic Inc. | Jennifer Kwon Chou | Consumer Cyclical | Asian / Pacific Islander |
| CoreCivic, Inc. | Nina A. Tran | Industrials | Asian / Pacific Islander; Multi-racial |
| CoreCivic, Inc. | S. Dawn Smith | Industrials | |
| CoreCivic, Inc. | Stacey Tank | Industrials | |
| CoreWeave, Inc. | Margaret C. Whitman | Technology | |
| Credo Technology Group Holding Ltd | Fariba Danesh | Technology | Middle Eastern / North African |
| Crown Castle Inc. | Katherine Motlagh | Real Estate | |
| DexCom, Inc. | Renee D. Gala | Healthcare | |
| Enact Holdings, Inc. | H. Elizabeth Mitchell | Financial Services | |
| First Busey Corporation | Jennifer M. Grigsby | Financial Services | |
| First Busey Corporation | Tiffany B. White | Financial Services | Black / African American |
| Fiserv, Inc. | Stephanie E. Cohen | Technology | |
| FTI Consulting, Inc. | Janet H. Zelenka | Industrials | |
| Hanmi Financial Corporation | Christine P. Ball | Financial Services | |
| Hyatt Hotels Corporation | Tracey Thomas Travis | Consumer Cyclical | Black / African American |
| ICF International, Inc. | Caroline G. Angoorly | Industrials | |
| JPMorgan Chase & Co. | Michele G. Buck | Financial Services | |
| Kenvue Inc. | Erica L. Mann | Consumer Defensive | |
| Kenvue Inc. | Sarah Hofstetter | Consumer Defensive | Middle Eastern / North African |
| LanzaTech Global, Inc. | Jill Kathleen Frizzley | Industrials | |
| Madrigal Pharmaceuticals, Inc. | Dr. Jacqualyn A. Fouse Ph.D. | Healthcare | |
| MGM Resorts International | Donna Langley | Consumer Cyclical | |
| Micron Technology, Inc. | Anna Christine Simons | Technology | |
| Nine Energy Service, Inc. | Julie Peffer | Energy | |
| Odyssey Marine Exploration, Inc. | Larissa Pommeraud | Basic Materials | |
| Olaplex Holdings, Inc. | Pamela J. Edwards | Consumer Cyclical | Black / African American |
| Orthofix Medical Inc. | Vickie L. Capps | Healthcare | |
| PayPal Holdings, Inc. | Joy Chik | Financial Services | Asian / Pacific Islander |
| PepGen Inc. | Lisa Wyman | Healthcare | |
| PROS Holdings, Inc. | Katie Ann May | Technology | |
| Recursion Pharmaceuticals, Inc. | Dr. Namandje Bumpus Ph.D. | Healthcare | Black / African American |
| Recursion Pharmaceuticals, Inc. | Elaine D. Sun | Healthcare | Asian / Pacific Islander |
| Regional Management Corp. | Julie Booth | Financial Services | |
| RumbleOn, Inc. | Rachel M. Richards | Consumer Cyclical | |
| Schrodinger, Inc. | Bridget A. van Kralingen | Healthcare | |
| Sirius XM Holdings Inc. | Anjali Sud | Communication Services | Asian / Pacific Islander |
| SkyWater Technology, Inc. | Tammy J. Miller | Technology | |
| SL Green Realty Corp. | Peggy Lamb | Real Estate | |
| SmartFinancial, Inc. | Kelli D. Shomaker | Financial Services | |
| Smurfit Westrock Plc | Carole Lynnette Brown | Consumer Cyclical | Black / African American |
| Sutro Biopharma, Inc. | Jane Chung | Healthcare | Asian / Pacific Islander |
| Taylor Morrison Home Corporation | Heather Ostis | Consumer Cyclical | |
| Tronox Holdings plc | Julie A. Beck | Basic Materials | |
| USA Rare Earth, Inc. | Carolyn Luther Trabuco | Basic Materials | |
| Westwood Holdings Group, Inc. | Katherine Murray | Financial Services |