September 2025 Report Summary
Companies continue to diversify board composition by appointing women to public company boards.
Women comprised 21.5% of new appointments to public boards of directors, with 45 women and 164 men appointed in August 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 some 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 September, women who self-identified as Asian or Pacific Islander were represented highest in board appointments, with 13 women appointed to boards, making up about 29% of all appointed women.
Of the newly women appointed to the boards of public companies, 18 women, or 42%, were first-time board appointments. In September, Healthcare, Financial Services, and Industrial companies led the way in the appointment of women board directors with 60% of total appointments.
Finally, WBC acknowledges companies leading the way this month including Berkshire Hills Bancorp, 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 |
|---|---|---|---|
| AdvanSix Inc. | Dana O'Brien  | Basic Materials | |
| Affiliated Managers Group, Inc. | Marcy Engel | Financial Services | |
| American Battery Technology Company | Lavanya Balakrishnan | Industrials | Asian / Pacific Islander |
| America's Car-Mart, Inc. | Brandi N. Joplin | Consumer Cyclical | |
| AT&T Inc. | Ms. Kelly Grier | Communication Services | |
| Banner Corporation | Millicent C. Tracey | Financial Services | Asian / Pacific Islander |
| Berkshire Hills Bancorp, Inc. | Joanne B. Chang | Financial Services | Asian / Pacific Islander |
| Berkshire Hills Bancorp, Inc. | Margaret Boles Fitzgerald | Financial Services | |
| Berkshire Hills Bancorp, Inc. | Merrill W. Sherman | Financial Services | |
| Best Buy Co., Inc. | Meghan C. Frank | Consumer Cyclical | |
| Black Rock Coffee Bar, Inc. | Kristina K. Cashman | Consumer Cyclical | |
| BlueLinx Holdings Inc. | Christina M. Corley | Industrials | |
| Ceribell, Inc. | Erica J. Rogers | Healthcare | |
| Chesapeake Utilities Corporation | Elisabeth A. Eden | Utilities | |
| Cosmos Health Inc. | Theodora C. Karkantzos | Healthcare | |
| Culp, Inc. | Lynn Heatherton | Consumer Cyclical | |
| Datadog, Inc. | Ami Vora | Technology | |
| DMC Global Inc. | Sharon S. Spurlin | Industrials | |
| DTE Energy Company | Joi M. Harris | Utilities | Black / African American |
| Eagle Bancorp, Inc. | Kris Pederson | Financial Services | |
| electroCore, Inc. | Elena Bonfiglioli | Healthcare | |
| Exicure, Inc. | Aejin Hwang | Healthcare | Asian / Pacific Islander |
| Global Payments Inc. | Archana “Archie” Deskus | Industrials | Asian / Pacific Islander |
| Global Payments Inc. | Patricia A. Watson | Industrials | |
| HeartCore Enterprises, Inc. | Yoonji Lee | Technology | Asian / Pacific Islander |
| Howard Hughes Holdings Inc. | Susan Panuccio | Real Estate | |
| Kestra Medical Technologies, Ltd. | Dr. Elizabeth Kwo M.D. | Healthcare | Asian / Pacific Islander |
| LB Pharmaceuticals Inc | Rekha Hemrajani | Healthcare | Asian / Pacific Islander |
| Legence Corp. | Christie B. Kelly | Industrials | |
| Mechanics Bancorp | Patricia Cochran | Financial Services | |
| Mechanics Bancorp | Adrienne Crowe | Financial Services | |
| Norwood Financial Corp. | Marissa S. Nacinovich Dr. | Financial Services | |
| Oragenics, Inc. | Natasha Giordano | Healthcare | |
| Parker-Hannifin Corporation | Beth A. Wozniak | Industrials | |
| Perspective Therapeutics, Inc. | Maya Martinez-Davis | Healthcare | Hispanic / Latino |
| Pinterest, Inc. | Emily Reuter | Communication Services | |
| Platinum Analytics Cayman Limited | Anqi Lu | Technology | Asian / Pacific Islander |
| Platinum Analytics Cayman Limited | Chenling Zhang | Technology | Asian / Pacific Islander |
| StubHub Holdings, Inc. | Rajini Kodialam | Communication Services | Asian / Pacific Islander |
| The Ensign Group, Inc. | Marivic S. Uychiat | Healthcare | Asian / Pacific Islander |
| The Gap, Inc. | Jody Gerson | Consumer Cyclical | |
| TriNet Group, Inc. | Janet H. Kennedy | Industrials | |
| TriNet Group, Inc. | Madhu Ranganathan | Industrials | Asian / Pacific Islander |
| Ulta Beauty, Inc. | Stephenie Landry | Consumer Cyclical | |
| WaterBridge Infrastructure LLC | Kara Goodloe Harling | Energy |