October 2025 Report Summary
Companies continue to diversify board composition by appointing women to public company boards.
Women comprised 21.1% of new appointments to public boards of directors, with 51 women and 191 men appointed in October 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 14% 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 October women who self-identified as Asian or Pacific Islander were represented highest in board appointments, with 7 women appointed to boards, making up about 13.7% of all appointed women.
Of the women newly appointed to the boards of public companies, 27 women, or 52.9%, were first-time board appointments. In October, Financial Services companies led the way in the appointment of women board directors with 23.5% of total appointments. Healthcare companies followed closely behind with women filling 15.7% of newly appointed board memberships.
Additionally, women affiliated with WBC Partner organizations also touted appointments in October including Kristina K. Cashman of Women Corporate Directors and Rajini Kodialam of Women in the Boardroom.
Finally, WBC acknowledges companies leading the way this month include Consolidated Water Co., fuboTV Inc., and Hippo 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 |
|---|---|---|---|
| Acco Group Holdings Limited | Hiu Wah Li | Industrials | Asian / Pacific Islander |
| Bakkt Holdings, Inc. | Madelyn Alden Schwartzer | Technology | |
| Blackstone Mortgage Trust, Inc. | Jean Hsu | Real Estate | Asian / Pacific Islander |
| Cavco Industries, Inc. | Lisa Lynn Daniels | Consumer Cyclical | |
| Charming Medical Limited | Josephine Yan Yeung | Healthcare | Asian / Pacific Islander |
| Commerce Bancshares, Inc. | Alaina G. Macia  | Financial Services | |
| Commercial Metals Company | Dawne S. Hickton | Basic Materials | |
| Consolidated Water Co. Ltd. | Kim Adamson | Utilities | |
| Consolidated Water Co. Ltd. | Maria Elena Giner | Utilities | |
| Corning Incorporated | Ami Badani | Technology | Asian / Pacific Islander |
| Customers Bancorp, Inc. | Susan Looney | Financial Services | |
| Diamond Hill Investment Group, Inc. | Diane C. Nordin | Financial Services | |
| Douglas Dynamics, Inc. | Jennifer I. Ansberry | Consumer Cyclical | |
| Fabrinet | Caroline Dowling | Technology | |
| Franklin Street Properties Corp. | Jennifer Bitterman | Real Estate | |
| fuboTV Inc. | Cathleen Taff | Communication Services | |
| fuboTV Inc. | Debra OConnell | Communication Services | |
| Gaia, Inc. | Kimberly Arem | Communication Services | |
| Hippo Holdings Inc. | Laura J. Hay | Financial Services | |
| Hippo Holdings Inc. | Susan Holliday | Financial Services | |
| IDEXX Laboratories, Inc. | Karen Peacock | Healthcare | |
| Iron Mountain Incorporated | Christie B. Kelly | Real Estate | |
| KalVista Pharmaceuticals, Inc. | Bethany L. Sensenig | Healthcare | Asian / Pacific Islander |
| Landstar System, Inc. | Melanie Housey Hart | Industrials | |
| Lifeway Foods, Inc. | Rachel Drori | Consumer Defensive | |
| Lithia Motors, Inc. | Heidi O'Neill | Consumer Cyclical | |
| MainStreet Bancshares, Inc. | Wendy Adeler Hall | Financial Services | |
| Mawson Infrastructure Group Inc. | Kathryn Yingling Schellenger | Financial Services | |
| Merit Medical Systems, Inc. | Martha Goldberg Aronson | Healthcare | |
| MGIC Investment Corporation | Daniela O'Leary-Gill | Financial Services | |
| PEDEVCO Corp. | Kristel Franklin | Energy | |
| Prelude Therapeutics Incorporated | Katina Dorton | Healthcare | |
| Realty Income Corporation | Kim Hourihan | Real Estate | |
| Redwire Corporation | Dotty Hayes | Industrials | |
| Rent the Runway, Inc. | Teri Bariquit | Consumer Cyclical | |
| Republic Power Group Limited | Siu Wan Lo | Technology | |
| S&T Bancorp, Inc. | Stephanie Nycum Doliveira | Financial Services | |
| Solaris Energy Infrastructure, Inc. | Amanda M. Brock | Energy | |
| Soluna Holdings, Inc. | Agnieska Budzyn | Financial Services | |
| Spire Global, Inc. | Dr. Toni Rinow Ph.D. | Industrials | |
| Sun Country Airlines Holdings, Inc. | Wendy Lee Schoppert | Industrials | |
| Synchrony Financial | Deborah G. Ellinger | Financial Services | |
| TELA Bio, Inc. | Betty Jo Rocchio | Healthcare | |
| Teledyne Technologies Incorporated | Laura Black | Technology | |
| Texxon Holding Limited | Wei Li | Converge Technology Solutions Corp. | Asian / Pacific Islander |
| The Kraft Heinz Company | Mary Lou Kelley | Consumer Defensive | |
| Toast, Inc. | Anutthara Bharadwaj | Technology | Asian / Pacific Islander |
| TransCode Therapeutics, Inc. | Elizabeth A. Czerepak | Healthcare | |
| Waystar Holding Corp. | Lauren Young | Healthcare | |
| Wintrust Financial Corporation | Laura Kohl | Financial Services | |
| World Kinect Corporation | Andrea B Smith | Energy |