May 2025 Report Summary
Companies continue to diversify board composition by appointing women to public company boards.
Women comprised 25.2% of new appointments to public boards of directors, with 68 women and 202 men appointed in May 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 22.1% 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 May, women who self-identified as Asian / Pacific Islander were represented highest in board appointments, with 9 women appointed to boards, making up about 13.2% of all appointed women.
Of the newly women appointed to the boards of public companies, 27 women, or 39.7%, were first-time board appointments. In May, Consumer Cyclical companies led the way in the appointment of women board directors with 20.6% of total appointments. Financial Services companies followed closely behind with women filling 19.1% of newly appointed board memberships.
Additionally, women affiliated with WBC Partner organizations also touted appointments in May, including Michele Annette Samuels of Executive Leadership Council, Marie D. Quintero-Johnson of Latino Corporate Directors Association, Elizabeth Crain of The Women’s Forum of New York, and Kathleen M. Shanahan of Women Corporate Directors Foundation.
Finally, WBC acknowledges companies leading the way this month include Fossil Group, Inc., OMS Energy Technologies Inc., Progyny, Inc., The Hershey Company, Third Coast Bancshares, Inc., and Tompkins 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 |
|---|---|---|---|
| Agilent Technologies, Inc. | Judy L. Brown  | Healthcare | |
| Albertsons Companies, Inc. | Susan D. Morris | Consumer Defensive | |
| Ally Financial Inc. | Michelle J. Goldberg | Financial Services | |
| Baker Hughes Company | Dr. Ilham Kadri | Energy | |
| Bank OZK | Anna M. Fabrega | Financial Services | |
| Benchmark Electronics, Inc. | Glynis A. Bryan | Technology | |
| BlackRock, Inc. | Kathleen A. Murphy | Financial Services | |
| Bunge Global SA | Linda P. Jojo | Consumer Defensive | |
| BXP, Inc. | Julie G. Richardson | Real Estate | |
| Capital One Financial Corporation | Jennifer L. Wong | Financial Services | |
| Core Scientific, Inc. | Elizabeth Crain | Technology | |
| Ecolab Inc. | Marion K. Gross | Basic Materials | |
| Essent Group Ltd. | April Galda Joyce | Financial Services | |
| EverCommerce Inc. | Amy Guggenheim Shenkan | Technology | |
| Fossil Group, Inc. | Pamela J. Edwards | Consumer Cyclical | |
| Fossil Group, Inc. | Wendy Lee Schoppert | Consumer Cyclical | |
| GXO Logistics, Inc. | Laura A. Wilkin | Industrials | |
| Hamilton Insurance Group, Ltd. | Karen Ann Green | Financial Services | |
| Harley-Davidson, Inc. | Lori Ann Flees | Consumer Cyclical | |
| Heartland Express, Inc. | Amanda M. Hupfeld | Industrials | |
| Hilton Worldwide Holdings Inc. | Marissa A. Mayer | Consumer Cyclical | |
| Horizon Bancorp, Inc. | Michele Annette Samuels | Financial Services | |
| IES Holdings, Inc. | Kelly C. Janzen | Industrials | |
| Invitation Homes Inc. | Kellyn Smith Kenny | Real Estate | |
| iPower Inc. | Yue Guo | Consumer Cyclical | |
| ITT Inc. | Mary A. Laschinger | Industrials | |
| J.Jill, Inc. | Mary Ellen Coyne | Consumer Cyclical | |
| Jones Lang LaSalle Incorporated | Catherine R. Clay | Real Estate | |
| Kennametal Inc. | Shelley J. Bausch | Industrials | |
| KLA Corporation | Susan J. S. Taylor | Technology | |
| Lakeland Financial Corporation | Mindy Creighton Truex | Financial Services | |
| Lumen Technologies, Inc. | Michelle J. Goldberg | Communication Services | |
| Manhattan Associates, Inc. | Danielle Sheer | Technology | |
| MDU Resources Group, Inc. | Priti R. Patel | Industrials | |
| Mondelez International, Inc. | Nancy McKinstry | Consumer Defensive | |
| National CineMedia, Inc. | Kotzman Kelly Campbell | Communication Services | |
| Norwegian Cruise Line Holdings Ltd. | Linda P. Jojo | Consumer Cyclical | |
| Old Dominion Freight Line, Inc. | Debra S. King | Industrials | |
| OMS Energy Technologies Inc. | Oun Pheng Esther Teh | Energy | |
| OMS Energy Technologies Inc. | Took Gee Datuk Loo | Energy | |
| O'Reilly Automotive, Inc. | Kimberly Ann deBeers | Consumer Cyclical | |
| Patrick Industries, Inc. | Natalie A. Brown | Consumer Cyclical | |
| Progyny, Inc. | Elizabeth D. Bierbower | Healthcare | |
| Prologis, Inc. | Sarah A. Slusser | Real Estate | |
| Semler Scientific, Inc. | Natalie Brunell | Healthcare | |
| Semrush Holdings, Inc. | Caroline Tsay | Technology | |
| Silgan Holdings Inc. | Shannon Miller | Consumer Cyclical | |
| Starz Entertainment Corp. | Lisa Gersh | Communication Services | |
| Stellar Bancorp, Inc. | Laura D. Bellows | Financial Services | |
| The Clorox Company | Gina R. Boswell | Consumer Defensive | |
| The Cooper Companies, Inc. | Barbara A. Carbone | Healthcare | |
| The Hershey Company | Deirdre A. Mahlan | Consumer Defensive | |
| The Hershey Company | Marie D. Quintero-Johnson | Consumer Defensive | |
| The Home Depot, Inc. | Asha Sharma | Consumer Cyclical | |
| The Pennant Group, Inc. | Suzanne D. Snapper | Healthcare | |
| Third Coast Bancshares, Inc. | Lynn Chang Eisenhart | Financial Services | |
| Third Coast Bancshares, Inc. | Mary Stich | Financial Services | |
| Tompkins Financial Corporation | Heidi M. Davidson | Financial Services | |
| Tompkins Financial Corporation | Helen Eaton | Financial Services | |
| TriMas Corporation | Adrianne W. Shapira | Consumer Cyclical | |
| Tucows Inc. | Dr. Sandra Matz Ph.D. | Technology | |
| Turning Point Brands, Inc. | Kathleen M. Shanahan | Consumer Defensive | |
| Tyson Foods, Inc. | Olivia Tyson | Consumer Defensive | |
| Verisk Analytics, Inc. | Sabra R. Purtill | Industrials | |
| Werner Enterprises, Inc. | M. Gayle Packer | Industrials | |
| Westwood Holdings Group, Inc. | Jan Ryan | Financial Services | |
| Workiva Inc. | Astha Malik | Technology | |
| Yum China Holdings, Inc. | Grace Xin Ge | Consumer Cyclical |