November 2025 Report Summary
Companies continue to diversify board composition by appointing women to public company boards.
Women comprised 20.1% of new appointments to public boards of directors, with 43 women and 171 men appointed in November 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 16% 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 November, women who self-identified as Asian or Pacific Islander were represented highest in board appointments, with 4 women appointed to boards, making up about 9% of all appointed women.
Of the newly women appointed to the boards of public companies, 19 women, or 43%, were first-time board appointments. In November, technology companies led the way in the appointment of women board directors with 25% of total appointments. Industrial companies followed closely behind with women filling 18% of newly appointed board memberships.
Additionally, women affiliated with WBC Partner organizations also touted appointments in November, including former WBC Champion Alexandra Jung at Wyndham Hotels & Resorts, Inc. and Georgeann Hodges of National Association of Corporate Directors.
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 |
|---|---|---|---|
| Ameriprise Financial, Inc. | Liane Pelletier  | Financial Services | |
| ATI Inc. | Elizabeth Lund | Industrials | |
| ATI Inc. | Jean Lydon-Rodgers | Industrials | |
| Automatic Data Processing, Inc. | Karen S. Lynch | Technology | |
| Benitec Biopharma Inc. | Dr. Sharon Mates Ph.D. | Healthcare | |
| Bitmine Immersion Technologies, Inc. | Olivia Howe | Financial Services | |
| Bonk, Inc. | Stacey Louise Duffy | Financial Services | |
| CG Oncology, Inc. | Christina Rossi | Healthcare | |
| CTS Corporation | Kimberly Banks MacKay | Technology | Black / African American |
| Designer Brands Inc. | Deborah L. Ferree | Consumer Cyclical | |
| Equinix, Inc. | Rebecca J. Kujawa | Real Estate | |
| Functional Brands Inc. | Lourdes Felix | Consumer Defensive | |
| Galecto, Inc. | Julianne Bruno | Healthcare | |
| HubSpot, Inc. | Clara Shih | Technology | Asian / Pacific Islander |
| Jacobs Solutions Inc. | Diane M. Bryant | Industrials | |
| JFrog Ltd. | Sigal Zarmi | Technology | Middle Eastern / North African |
| KLA Corporation | Tracy A. Embree | Technology | |
| Koppers Holdings Inc. | Laura Posadas | Basic Materials | |
| Lifeway Foods, Inc. | Susie Hultquist | Consumer Defensive | |
| Luminar Technologies, Inc. | Elizabeth Abrams | Consumer Cyclical | |
| Luminar Technologies, Inc. | Patricia Ferrari | Consumer Cyclical | |
| Marker Therapeutics, Inc. | Kathryn Penkus Corzo | Healthcare | |
| Mesa Air Group, Inc. | Ruth L. Okediji | Industrials | Black / African American |
| National HealthCare Corporation | Dr. Lisa Piercey | Healthcare | |
| New Jersey Resources Corporation | Amy B. Mansue | Utilities | |
| Patriot National Bancorp, Inc. | Ida Liu | Financial Services | Asian / Pacific Islander |
| Peabody Energy Corporation | Georganne Hodges | Energy | |
| Qnity Electronics, Inc. | Karin de Bondt | Technology | |
| Qnity Electronics, Inc. | Anne Noonan | Technology | |
| Qnity Electronics, Inc. | Kristina Johnson | Technology | |
| Quanex Building Products Corporation | Mary K. (“Katie”) Lawler | Industrials | |
| Rexford Industrial Realty, Inc. | Laura E. Clark | Real Estate | |
| Selective Insurance Group, Inc. | Julie Parsons | Financial Services | |
| Stanley Black & Decker, Inc. | Mary A. Laschinger | Industrials | |
| Tandem Diabetes Care, Inc. | Sandra Beaver | Healthcare | |
| TAT Technologies Ltd. | Sagit Manor | Industrials | |
| The Estée Lauder Companies Inc. | Dana Strong | Consumer Defensive | |
| The Estée Lauder Companies Inc. | Annabelle Yu Long | Consumer Defensive | Asian / Pacific Islander |
| The Lovesac Company | Wan Ling Martello | Consumer Cyclical | Asian / Pacific Islander |
| Viasat, Inc. | Barbara L. Frenkel | Technology | |
| Watts Water Technologies, Inc. | Suzanne L. Stefany | Industrials | |
| Wetouch Technology Inc. | Yunna Liu | Technology | |
| Wyndham Hotels & Resorts, Inc. | Alexandra Jung | Consumer Cyclical |
