2 on the BE ADVERTISING AGENCIES list with $350 million in billings). Today she creates ads for clients at her agency, Carol H. Williams Advertising (No. Some companies are stepping up. McCann joined Starcom in 1978 as a client service trainee and was integral to the launch of SMG as an independent entity back in 1998. Clout: In the male-dominated world of professional football, Bracy is making a name for herself in the front office. Under Sykes leadership, the entire agency converted to one accounting system, and all regional CFOs now report directly to her sharing accountability. In 2004, was launched. About 3 days ago from Diversity Woman Media's Twitter via Hootsuite Inc. "Many companies fail to promote a key draw for many prospective employees, particularly young people: the diverse, inclusive workplaces theyve worked hard to develop. She serves on the boards of Tommy Hilfiger Corp., the Association of National Advertisers, the Executive Leadership Council, and the Pepsi AfricanAmerican Advisory Board. As one of the most important women in tech today, Wolfe Herd is also the CEO of the newly acquired MagicLab, the parent company of multiple popular dating apps (Bumble, Latch, Badoo), valued at US$3 billion with an estimated 75 million users across its entire portfolio. Before that, she was the CEO of Chase Auto Finance, SVP for emerging markets and affordable lending, and SVP in home lending. The CEO of Sams Club, Rosalind Brewer is currently the one calling the shots as the president and CEO of Sams Club. As such, they hold top-tier and executive officer positions of the entire enterprise; oversee major global, national, and regional subsidiaries and divisions; and maintain significant budget authority. Join a network of career-oriented women and use the member directory to see all the members in your community and find world class mentors. With larger institutions aggressively consolidating, Wrights strategy is to focus on servicing, educating, and building in developing black communities. Executives who work for governmentagencies and entities under full governmentcontrol. Woods drove Oracles e-business standardization initiative, yielding a savings of $1 billion over three years. In addition to its core human resources operation, the company provides technical services, creative communications, business travel, and owns an online college that focuses on business administration and engineering. ow.ly/MaVz50LYRGz, Diversity Woman Media applauds and congratulates Candi Castleberry for being named to Amazon's Senior Leadership team - the S Team or Steam as known internally at Amazon - as VP of Global Diversity, Equity & Inclusion. For instance, as the bricks were laid for the National Underground Railroad Freedom Center in Cincinnati, Saunders Jones persuaded Coca-Cola to donate $1 million. Were the No. Clout: When a colleague called Lucas about an opportunity at the Weather Channel in 2002, she wasnt a regular viewer of the channel. 22 Today, we wanted to honor a few Black women executives in America, who made their way to the top and proved that they are unstoppable. Clout: Under Goodens leadership, Lockheed Martin has become a vital force in post-9-11 America. She has many other accolades under her name too. Age: 40 In her role at RLJ Cos., a diversified holding company with portfolio companies in financial services, hospitality, real estate, gaming, media, and entertainment, she is responsible for all the companys legal matters, strategic partnerships, and new business developments. cnx.cmd.push(function() { Privacy Policy Age: 45 The marketing whiz joined Verizon after stints at Citigroup, where she served as chief marketing officer of its e-consumer business, and Revlon, where she rose to vice president of marketing for color cosmetics. BET gives me that platform, and I try to use it to better serve our audience.. TWCs total day average audience delivery has increased 23% over the same period. But encouraged by her husband (who did watch the channel) and her colleague, she joined as executive vice president of marketing. As vice president of finance for the St. Louis Rams, she prepares and implements the annual budget and monthly financial reporting. Clout: Ferguson is leading the charge to divest Sara Lee of its non-core operations so it can focus solely on food, beverages, household products, and body care. She says, Other banks focus all over the world. America's Top Black CEOs These trailblazers are helping other minorities make it to the C-suite By Kiara Taylor Updated June 25, 2022 Fact checked by Jiwon Ma The vision and actions of a CEO. I was at the White House with other black leaders talking to President Bush about issues that are important to our community, Lee recalls. Prior to joining the company, she was a senior vice president at Aon Risk Services. Subscribe to Newsletter $17.95. She saved millions by creating the companys first employee buyout program. In addition, she manages new media efforts for MTV.com and MTV Overdrive, a hybrid service available via broadband. She not only changed its focus but reversed more than 10 years of staggering losses. The company comprises Polo, Lauren, Ralph Lauren, Chaps, and Club Monaco; operates about 275 retail stores in the U.S.; and licenses more than 100 others worldwide. Regardless of inclusion on the executivecommittee, leading executiveswith sole responsibility for staff functionssuch as corporate communications,corporate affairs, investor relations, public affairs, public policy,media relations, and community affairs. RENETTA MCCANN CEO Starcom MediaVest Group Chicago, IL. Outside the company she serves on the board of directors for Rollover Systems and CW Wellspring Entertainment. And she shows no signs of running out of steam. When MetLife bought Citigroups Travelers Life & Annuity business earlier this year, Chapmans team negotiated and executed the transaction. Today, we wanted to honor a few Black women executives in America, who made their way to the top and proved that they are unstoppable. Age: 45 As of November, the magazine brought in revenues of $214 million. As manager of all business operations outside of research and portfolio management, she has made Ariel one of the investment communitys most effective operators. The result: Roughly $87.4 billion in goods and services were purchased from minority businesses in 2004. Please click the links below to view the digital copy of previous issues. Nappier is principal fiduciary of the $20 billion Connecticut Retirement Plans and Trust Funds and was the architect of wide-ranging and successful reforms to Connecticuts system of pension fund governance. Clout: A top dealmaker on Wall Street, Harris is charged with the structuring, marketing, and execution of public and private equity deals. WONYA Y. LUCAS Executive VP and General Manager The Weather Channel Networks Atlanta, GA. Age: 44 LINDA GOODEN President, Information Technology Lockheed Martin Seabrook, MD. A 30-year industry veteran, Rhone brings an understanding of the creative community and extensive management experience to the position, having steered the careers of artists such as Yolanda Adams and Missy Elliott. She oversees corporate finance, financial planning and analysis, treasury, and tax and corporate compliance. These were just the five women black executives that we could mention and honor today. In recent years, the Department of Treasury has been critical of the programs accounting practices. Age: 44 ow.ly/paFn50LZzzY, "Traditionally viewed as a way to promote employee skill development and knowledge transfer, mentoring programs can also foster a more inclusive workplace by connecting employees from underrepresented groups to leaders." Created in 1980, Radio One (No. Prior to forming her own firm, she was a managing director at Aetna Inc. Smith Iloani sits on the board of New Samaritan Corp., which provides affordable housing in Connecticut. Clout: Woods is a multimillion-dollar negotiator. diversitywoman.com/rebel-with pic.twitter.com/V4sD6giQQ2, 57% of multicultural women wish more podcasts focused on women of color. However, things have taken a much more progressive turn, since at the start of 2020, the initial number of (6%) of CEO positions, rose to about 6.7%, barely a year after, and by the end of 2020, women have risen to hold CEO positions to the tune of 7.8% of CEO positions, this list includes the United Parcel Service (UPS) Citigroup, Clorox, CVS and Dicks Sporting Goods to name but a few, now have women at the helm of affairs. Tag: top black female executives Two Wheels Up execs picked by Oprah for "paving the way for women in leadership positions" Posted on March 1, 2021 March 1, 2021 by Doug Gollan VALERIE MOSLEY DIAMOND SVP & Fixed Income Portfolio Manager Wellington Management Boston, MA. Lucas realized their audiences never thought it was. And they run the gamut, from senior managers of multinational corporations to founders of the nations largest black-owned businesses. She is charged with rebuilding Motowns roster. By Olivia Solon and April Glaser. Women of Power TECH, PODCASTS Were a major media network, and people look to us to see what black America is thinking and how things affect us. She has a track record of building brands, organizations, and high-performance teams. Prior to joining Oracle, Woods was director of product management for Ameritechs Customer Premise Equipment business, where she managed the P&L for a product portfolio valued at more than $600 million. Sykes, who was named CFO in 2002, oversees fiscal operations inside and in connection with the $16.5 billion space exploration program. 2 spot in the business unit, which is responsible for all mergers and acquisitions and bringing new properties into the portfolio. Ursula Burns is the very first female, and a Black woman appointed as the head of Xerox, a Fortune 500 company. In a male-dominated industry, Pickrum takes the no-holds-barred approach. Since 2004, she has held the CEO position for SMGs Americas region, which includes the U.S., Canada, and Latin America. Helping smart, savvy women of all races, cultures, and backgrounds achieve their career and business goals, "Black professionals expend more effort to fit into the dominant cultural modality in the workplace. Women of color are remaking the face of leadership teams and C-suites at corporations across the country and around the globe. + $6.10 shipping. When we published our list of 21 Women of Power and Influence in Corporate America in 1991, black women constituted 3% of corporate management and 0.9% of corporate officers. Take Career Development Courses, and much more. Your Money, Your Life, LATEST LISTS Clout: At Liz Claibornes helm since October, Thomas-Graham oversees the $1.3 billion womens apparel label and manages a portfolio of brands, including Sigrid Olsen, Emma James, and Tapemeasure. Black women have always faced barriers to advancement, such as double standards, lack of advocacy, and unconscious bias. AMY ELLIS-SIMON Managing Director,Head of Multiproduct Sales Merrill Lynch New York, NY. Privacy Policy [a-team-showcase id=634608] So, everything I do in the area of corporate governance, I do it because Im looking to protect and grow my investment in that company, says Nappier, the first African American woman in the U.S. elected to serve as state treasurer. Wells Fargo, for example, announced that it will increase Black leadership to 12 percent over five years, and Delta Air Lines, where 7 percent of the top 100 in the organization are Black, will double the percentage of Black officers and directors by 2025. In contrast to some of her peers, she sees diversity as a "superpower", and fights valiantly to protect it. Jes Wolfe, CEO. Outside the company, she serves on the board of American Express and Boston Scientific Corp. SUSAN CHAPMAN Global Head of Operations Citigroup Realty Services New York, NY. DEBRA L. LEE Chairwoman, President & CEO Black Entertainment Television Washington, DC. Membership in the corporate elite doesnt come easy. Barnes-Jewish Hospital Dennis Pullin President and CEO Virtua Health Javier Rodriguez CEO DaVita Dr. Jaewon Ryu President and CEO Geisinger Health Minority Leaders to Watch Dr. Stella Safo. Clout: President George W. Bush challenged NASA with a new mission: Visit Mars and journey farther into the final frontier. In July, her firm became a major bond underwriter for Detroit Public Schools. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. As the highest-ranking African American female at the $18 billion conglomerate, Ferguson is charged with identifying opportunities for new acquisitions in each of Sara Lees business lines. As one of Starcom MediaVest Groups advertising front-runners, the 28-year industry veteran is second to none when it comes to driving the bottom line and solidifying SMG as one of the worlds largest media planning and buying agencies. With CEO Ann Mulcahy, this dynamo helped bring the office solutions giant back into the black and has been instrumental in revitalizing the brand by restructuring the financial plan and streamlining operations. Management According to Catalyst, women of color currently hold 3% of the board seats at 415 of the nations 500 largest industrial corporations. As Fairviews co-founder, she has helped propel the upstart into the No. CATHY L. HUGHES Founder, Chairwoman Radio One Inc. Lanham, MD. Roughly 10% of the firms $2.2 billion in revenues has been attributed to her business expertise. The Power of Women at Work (POWW) is a one-day symposium designed to equip women to navigate the new norm with power, grit, and grace. cnx({ As one of the top Black women breaking barriers in the finance industry, Harris served as the Vice-Chair at Morgan Stanley, a global investment bank providing investment banking, investment management services, securities, and wealth management. Chicago, IL. Contact She is currently serving on the boards of Verizon, Nordstrom, Okta, and Ropper Technologies. They have high-ranking titles and the power to set strategy for many billion-dollar corporations, and their advancement is unparalleled. Nearly 800 Google employees have joined a solidarity campaign in support of one of the company's top female executives, a known . to mind for most people when they hear corporate powerand it certainly wont be the result of a Google searchbut around here, we know better. 20 Despite Board Progress, the United Kingdom's FTSE 100 Still Lacks Women in Top Leadership 21. BRIDGETTE HELLER Global President, Baby, Kids & Wound Care Franchise Johnson & Johnson Consumer Products Co. Skillman, NJ. There are going to be a lot of financial challenges, a lot of dialogue with regards to the cost, says Sykes. Clout: Nappier is a fire-brand when she attends shareholders meetings to do battle on behalf of the beneficiaries of the Connecticut Retirement Plans Trust Fund (CRPTF), the state pension fund. Age: 48 DONNA A. JAMES President, NationwideStrategic Investments Nationwide Mutual Insurance Co. Columbus, OH. Appointed president of Snacks Unlimited in 2004, Nelson has built Pop Secret popcorn, Nature Valley granola bars, Chex Mix, and other snack foods into highly profitable brands. Clout: As CFO of the $3.3 billion apparel, accessories, and home furnishings company, Travis enjoys the perfect marriage between finance and fashion. The top Black female today are among the most educated ethnic groups in the United States today. In her position, she implements marketing strategies for products such as Viactiv and Lactaid, but she is best known for transforming Splenda into a best-selling sugar substitute. They have high-ranking titles and the power to set strategy for many billion-dollar corporations, and their advancement is unparalleled. Age: 45 Kathryn Finney's status as an industry pioneer makes her one of the most influential black women in tech today. 2021 Top 100 Women Executives Select List Women Executives Select Year 2021 Select Location All Megan Clarken 1 Chief Executive Officer Criteo As CEO of a public company that employees over 2500 people across the globe, Megan is committed to using her platform to shine a light on diversity, equity and inclusion. Clout: James oversees the Relationship Lending Business in Morgan Stanleys Loan Products Group. Johnson is the first black woman to co-own three professional sports teams: the Washington Mystics (WNBA), Capitals (NHL), and Wizards (NBA). She has executed transactions such as the initial public offerings for UPS and Martha Stewart Living Omnimedia, and the $3.2 billion common stock transaction for Immunex Corp., the largest biotechnology offering in U.S. history. You have an opportunity of readying yourself and expressing an interest in those areas that the management team is looking at in terms of valued experience and trying to build relationships with the folks that run those areas to make yourself more known.. INFORMATION TV One. Elected in 1998 and re-elected in 2002, Nappier says her No. Clout: Price is a billion-dollar player in the private equity arena. Rosalind Brewer is all set to become another or third Black woman leading a Fortune 500 company in US history. People come to seek information, explains Lucas. She is also the leading board member of two national nonprofits, Catalyst, and Braven. Management Pryor guided the creation of a $12 million technological platform that transformed the company into a financial services firm with a leading-edge e-commerce strategy. Neither belonging to the Good Old Boys Club nor the Tech Bro Network, they created their own lanes in tech, media, retail, finance, travel, and more, and are forging brilliantly uncharted paths. In 2004, Radio One and Comcast launched TV One Inc., a network targeted to African American adults. Age: 47 4 on the BE INDUSTRIAL/ SERVICE 100 list with $622.7 million in revenues) has mushroomed into a multidivisional company. Roz as shes fondly called, joined Sams Club, a division of Wal-Mart Stores, Inc. in the year, 2012. From Madam C.J. KIM NELSON VP General Mills Inc. President Snacks Unlimited Golden Valley, MN. Age: 56 BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. BE 100s Age: 46 Clout: The BET co-founder is not afraid to exert her largess. 0 (Image: File) Although the clout of our top 50 is considerable, very little has changed in the executive suite. Today she is chairwoman and CEO of the banks holding company, which has grown to include eight branches and 137 employees. In 2005, her division was a major contributor to the food giants $11.2 billion in net sales. SistersInc. She founded these stations and had to undergo homelessness in the bid of keeping her dreams alive. As worldwide president, she oversees the development of Johnson & Johnsons nutritional health products platform. Definitely an inspiration for the generation ahead. The network has access to 88 million homes and, in 2005, the channels prime-time average audience delivery among households grew 31% over 2002. Clout: In 1999, Wright was advised not to accept the position of CEO and president of Carver Federal Savings Bank (No. Marvin Ellison, Lowe's. Image source: Lowe's. Lowe's ( NYSE:LOW) needs to play catch-up with its key rival, Home Depot . Black Men XCEL She is currently serving as the Chief Information Officer at United Legwear & Apparel Co., but her experience ranges to being a CISO for various industries including manufacturing, aerospace & defense, and the retail sector as well. She is one of those powerhouses who have led from the front throughout her career. Age: 53 Under her leadership, Oracle became the first major software company to publish comprehensive guidelines on its global software pricing and licensing via its Software Investment Guide. Both figures are slight improvements from . Last year, she increased the operating income to $19.5 billion, a 125% increase in just one year. This is not surprising, as women have generally been restricted to access education in the past, and today, there are more women on average on campuses all over the United States. HARRIET R. MICHEL President National Minority Supplier Development Council Inc. New York, NY. Duckett is TIAA's second consecutive Black chief executive,. VICKI L. FULLER SVP & Senior Portfolio Manager Alliance Capital Management Corp. New York, NY Age: 48 No stranger to the NFL, Bracy previously served as director of finance and administration for Joe Robbie Stadium in Miami and as controller for the Miami Dolphins. And by leveraging technology in marketing, DeVard has helped transform the telecom giant into the brand leader in this ultracompetitive sector. With two Black women running Fortune companies out of 41 women executives in 2021, they represent 4% of female Fortune 500 CEOs. Age: 44 Buy a hard copy of our magazine, delivered to your door! Take ownership for your own career, says Tracey Travis, CFO of Este Lauder. 1 firm on the BE PRIVATE EQUITY list with $1.6 billion in capital under management. When Starcoms parent company, Paris-based Publicis Groupe Media, was shopping for a CEO to replace Jack Klues in October, McCann was an obvious choice. She also serves on the board of Girls Inc. of St. Louis and the advisory council of the St. Louis branch of the United Negro College Fund. While it is likely that Trask remains with a private law firm, rather than seeking a return to the NFL, her legacy continues through the example of those who have followed her, like Jeanne Bonk, the executive vice-president and CFO of the San Diego Chargers, and Katie Blackburn, the executive vice-president of the Cincinnati Bengals. She sits on the boards of Clorox and Idenix Pharmaceuticals and is a member of the Trustees Committee on Education at the Museum of Modern Art. I dont see that changing anytime soon, she says. B.E. In fact, she is credited with saving taxpayers and businesses millions of dollars through the states debt management program. Cathy Hughes is the CEO and President of Radio One and TV One. Weather coverage is no longer a joke. Clout: As the first black woman to become general manager at a network-owned station in a top-five market, Madison has made KNBCone of the leading ad-revenue-generating stations in the nation, grossing roughly $300 million. Gooden is the 2006 recipient of the Black Engineer of the Year award and serves on the boards of the Armed Forces Communications and Electronics Association and the University of Marylands A. James Clark School of Engineering. The Class of 2021 highlights 100 extraordinary Black women in the C-suite and executive leaders at Fortune 500, Fortune 1000, Fortune Global 500, S&P 400, and S&P 500 companies. Age: 44 #inclusion #Belonging As the strategic director of MTV2; mtvU, its college service; MTV Espaol; MTV Hits; and MTV Jams, she oversees programming, marketing, ad sales, distribution, and finance. At the end of the day, DeVard seeks the answer to one simple question: How are we enabling technology to allow you to do things that are important to you? Her response is to bolster the Verizon brand and communicate its value across its three business units: wireless, broadband, and information services. Her latest endeavor is a lifestyle company that includes Market Salamander, a gourmet marketplace; the luxury Salamander Resort & Spa; and Mistral, a bath and body products line. She is also a member of the core bond strategy group and the corporate strategy group. To view or add a comment, sign in. She previously served as the Chief Operating Officer, Group President, and Member of Starbucks Board of Directors. Masthead, Economic Equity & Racial Justice Townhall Series, Elevate Black Podcast sponsored by Fifth Third Bank, 100 Founders of Change by American Express, Chasing Success Podcast by JP Morgan Chase, Black Business Month Sponsored by Nationwide, 2022 Registry Of Corporate Directors Listing, 2021 BE Registry Of Corporate Directors Listing. All executives have held their positions as of Dec. 1, 2018. Prior to joining Alliance in 1993, Fuller worked for Equitable Capital Management Corp. and later for Morgan Stanley. JOANN H. PRICE General Partner Fairview Capital Partners Farmington, CT. Age: 56 In a year that upended the corporate stratosphere, these women are leadingand in many cases tacklingcomplex transformations by addressing systemic racism in the workplace, managing remote teams around the world, building morale through innovative programming, and sustaining profitable bottom lines. Over time I started getting involved in the business side of things and doing more strategic business development, so it was a natural progression.. Green started her career in insurance at Chubb & Son Inc. and has more than 23 years of industry experience. 10 on the BE INDUSTRIAL/SERVICE 100 list with $364 million in revenues) boasts 70 stations in 22 urban markets and reaches more than 13 million listeners weekly. She is not only the second black woman currently but also only the fourth woman to lead the Fortune 500 companies. Under her leadership, the foundation has contributed $180 million in scholarships to minority students. Kathryn Finney. Clout: Chapman manages the day-to-day operations for Citigroup Realty in 96 countries. She is also chairwoman of the companys pricing committee for its global lines of businesses. Clout: McCann may stand only 5 feet tall, but shes a giant in the media industry. Clout: Johnson Rice is building upon the legacy of her late father, JPC founder John H. Johnson. In the C-suite, there has been progress, but its slow. Age: 48 The world average of female top executives is 8 percent.Thailand has the highest proportion of female CEOs in the world, with 30 percent of companies employing female CEOs, followed by the People's Republic of China, with 19 percent. Rosalind is a members-only warehouse club channel with revenues of $57 billion for the fiscal year 2016. Registry of Corporate Directors. PAULA MADISON President & General Manager KNBC Regional General Manager Telemundo Los Angeles, CA. Charged with ensuring Starcoms continual success, she recently completed an estimated $400 million worth of services for Gillette, which Procter & Gamble acquired last year. This determination, resilience, hard work, and steadfastness are what make them reach the top even after hurdle after hurdle. Her private equity firm ranks No. The fact that there still arent many African American women in the C-suite clearly shows that the playing field still requires leveling. 1 on the BE BANKS list with $616.4 million in assets), which was in danger of closing. The award is given to. A member of the corporate executive management team, James chairs the board of Financial Settlement Services Agency Inc., a subsidiary of Nationwide. But before anyone can go where no man has gone before, CFO Sykes must approve it. Before joining Scholastic, Winston served as vice president and treasurer, and then vice president and controller, of Visteon Corp. Age: 43 So how have dozens of black women overcome these obstacles to make it to the top of the corporate ladder? Clout: Saunders Jones directs The Coca-Cola Co.s community, philanthropic, and civic affairs. For Lee, succeeding Black Entertainment Television founder Bob Johnson as president and CEO last June and as chairwoman in January may have been unexpected, but it was surely deserved. With her son at the helm, Hughes assists with other ventures. Thasunda Brown Duckett is the new CEO of Annuity Association of America, TIAA. Ursula Burns, the first Black Woman CEO of a Fortune 500 company at Xerox Corp., will "pass the torch" by presenting the the 2021 Achievement Award to Brewer and Duckett. Under her management, J&J launched a line of natural baby care products last fall its biggest launch in 10 years which will educate parents on the changing needs of infant skin. But while the number of female-led businesses has grown, women still only make up 8.2% of Fortune 500 CEOs, and women of color run even fewer, just 1.2%. Age: 53 Clout: A calculated risk taker, Green joined Willis in 2003 to head up the newly formed consumer goods practice. Age: 58 She is confident that she will bring a positive change, and we are confident that she is the positive change we need. Travis is affiliated with the Finance Executives Institute and the National Association of Corporate Directors. Top-tier executives who serve as corporate officers or members of the senior leadership team. Black women are changing the game in Corporate America. JERRI DEVARD Senior VP, Brand Management & Marketing Verizon New York, NY. I was able to hone that craft by going to work for Pillsbury, a consumer-packaged-goods company, says DeVard. Let look at some of the top black women executives. Age: 36 In 2004, Splenda generated about $187 million in retail sales, beating out Equal and SweetN Low. Infographic from Ashley Stewart for The Plug ANN FUDGE Chairwoman & CEO Y&R and Young & Rubicam Brands New York, NY Age: 54 Roz is also focused on implementing changes that can help create a seamless shopping experience of shopping at Sams Club. Washington, DC. LINDA JOHNSON RICE President & CEO Johnson Publishing Co. Inc. Chicago, IL. EDITH W. COOPER Head of North American Hedge Fund Distribution, Fixed Income, Currencies & Commodities Goldman Sachs New York, NY. Clout: Hobson heads the nations largest black-owned money management firm (No. ow.ly/Xfnb50LYMBK pic.twitter.com/dsiHNqfUWd, "Quiet quitting is not just about ones individual experiences, but the larger, shared experience of declining employee engagement across organizations. With 24 years of investment experience, she is a senior member of both the fixed income strategy committee and the management committee. What makes this stand out is the fact that Burns ranked 27th position on the FORTUNE magazines 9th annual list where they compile a list of the 50 Most Powerful Women in Business. And American business better take notice: The powerful women on our list clearly demonstrate that it needs their contributions to remain a vital, competitive force in the global economy. Since the reckoning that began with the murder of George Floyd, companies have been pouring money into nonprofits that support racial equity and examining their own practices and setting explicit goals. Age: 43 In fact, she says that because weather affects behavior, it impacts people emotionally. The recent Women in the Workplacereport from McKinsey and LeanIn showed that black women receive the least support of all women (and significantly less support than men) from their managers, with just 35% reporting that their managers create opportunities for them to showcase their work, promote their contributions to others, or socialize with them outside of work. Cathy Hughes tenacity and never giving up personality have helped put her in the position she is today. In the European Union the figure is 9 percent and in the United States it's 5 percent. Sales Partnership Solutions VIKKI L. PRYOR President & CEO SBLI USA Mutual Life Insurance Co. Inc. New York, NY. Clout: Norman is a leading force in the ultracompetitive landscape of television programming. Access exclusive leadership development packages to help you achieve your career goals. Women of color, which included Black, Asian, and Latinx women, accounted for just 3 percent, falling significantly below white men (66 percent) and white women (19 percent), according to 2020 findings from the McKinsey & Company report. Cathy Hughes is an academic, she was born in Omaha, Nebraska.. She has keept on doing all that she could to ensure that her media comapny sees the ligh of day. Shes directing the revitalization of the magazine publishing division and developing a strategy to increase Fashion Fairs share of the beauty market. Clout: Ellis-Simon heads a hard-driving team that generates millions of dollars in revenues. She was one of the point people when RLJ teamed up with The Carlyle Group, a Washington, D.C.-based private equity firm with $35 billion in assets, to launch a fund designed to invest in media, business services, and financial companies. Black Size 6 Jo Hardin Vintage 80's Blouse Pullover Shirt Secretary Women's. Sponsored. In Women in the Workplace 2020, Black women were found to experience more acute discrimination. Clout: Mosley Diamonds 25 years of experience in the finance industry paid off in December 2005 when Wellington Management, a $511 billion investment banking firm,appointed her partner. ow.ly/OzZC50LZMvn. Only 14.2% of the top five leadership positions at the companies in the S&P . Masthead. TIAA was managing $1.1 trillion in assets for more than five million active employees as of year-end 2019, according to Fortune. ABOUT Women of Power TECH, PODCASTS As chair of the industry strategy group, she leads the team in examining fundamental trends within industries and recommends which ones to avoid or emphasize. 1. In 2021, there were only 31 women in executive roles across 27 companiesincluding only 8 CEOs. That energy that could be spent better doing productive work." My personal style is to always try to be the best, which means exceeding the expectations. As a fund of funds, Fairview has participated in the investment of more than $600 million in more than 50 venture capital and private equity limited partnerships. Executives must meet thefollowing criteria to make our roster: Hold companywide and industrywide influence, each list member represents the highest-ranking executives among the following universes: 100 largest international companieswith significant U.S. operations. She also serves on the Vassar College Board of Trustees and presides over the colleges 35,000-member alumni association. Her firm was named BEs Advertising Agency of the Year in 1999 and 2004. Her assets are worth an estimated $1.3 billion. She further exercises her influence as a board director of Bausch & Lomb Inc., Kimberly-Clark Corp., MoneyGram International, and Omnicom. Age: 52 Age: 58 Prior to her current position, Cooper headed the companys global futures business. GLENDA GOODLY MCNEAL SVP & General Manager, Retail & Emerging Industries, Establishment Services, North America American Express New York, NY. Under her guidance, VH1s prime-time ratings increased 80%. Executives who have been excluded from our list: -List research and additional reporting by Lisa Fraser, Roland Michel, and Delicia Paisley-Smith, EVENTS For the first time, in 2021, two Black females are at the helm of Fortune 500 companies at the same time: Roz Brewer and Thasunda Brown Duckett. She was named the second most influential African American in IT by Business Insider and was one of the 100 Most Influential Business Leaders in America by Newsmax. !function(n){if(!window.cnx){window.cnx={},window.cnx.cmd=[];var t=n.createElement('iframe');t.display='none',t.onload=function(){var n=t.contentWindow.document;c=n.createElement('script'),c.src='//cd.connatix.com/connatix.player.js',c.setAttribute('async','1'),c.setAttribute('type','text/javascript'),n.body.appendChild(c)},n.head.appendChild(t)}}(document); Age: 42 Says Katherine Giscombe, Catalysts senior director of research, many women of color continue to get discouraged by looking up the corporate ladderand seeing relatively few people who look like them. Furthermore, she maintains that women of color tend not to get connected with people who can champion their careers. Clout: Having been a top performer for two decades at Xerox, Burns currently heads a $12 billion division of the company that generates 75% of its $15.7 billion in revenues. Let look at some of the top black women executives in the US: SHELLYE ARCHAMBEAU The former CEO of MetricStream and the current Fortune 500 board member, Shellye Archambeau is one of those who need no introduction. Clout: Smith Iloani has proven that she can hold her own in the male-dominated investment industry. She focused on lifestyle and entertainment for African-Americans. OPRAH WINFREY Chairwoman Harpo Inc. Chicago, IL. Clout: Under Bryant Howroyds stewardship, ACT 1 Group (No. They have succeeded by leading with performance, deeply understanding their company culture, deftly navigating the corporate landscape, andabove allwisely wielding their power to determine their own destiny. Clout: Once you can influence decisions in the boardroom, you are a woman of power, says Pickrum. Clout: One of the nations most enterprising women, Michel connects minority businesses with the largest industrial corporations. With access to higher education, comes many leadership opportunities that these women do not hesitate to take advantage of. By owning their power, of course. In October 2005, the Wharton M.B.A., with an industrial engineering degree, also assumed the role of general manager, responsible for strategic marketing and company strategy for The Weather Channel, Weatherscan, and The Weather Channel Radio Network. Age: 51 Johnson is the first black woman to co-own three professional sports teams: the Washington Mystics (WNBA), Capitals (NHL), and Wizards (NBA). Therefore, the CFO is definitely there at thetable in that transformation.. She manages the origination of more than $25 billion in loan commitments. Non-executive corporate directorsregardless of board position includingchairman and lead director. Reaching more than 80 million households in the U.S., Canada, and the Caribbean, BET has grown from humble beginnings, filling the entertainment void of African Americans, to a multi-billion-dollar media conglomerate dominating the urban marketplace. In addition to working for the beverage giant, Palmer serves as a board trustee and secretary of Spelman College. Most recently, entertainer and CoverGirl spokeswoman Queen Latifah tapped the agency to market a cosmetics line for African American women. For the first time, we are proud to introduce the Elite 100. Age: 47 Although we still have a long way to go to reach true equity in the workplace, the Elite 100 demonstrates that Corporate America is taking notice and making changes so more Black women have the opportunity to rise. Since the 1970s, its flagship product Black Enterprise magazine has covered African-American businesses with a readership of 3.7 million. Entrepreneurs Summit A black woman may not be the image that comes to mind for most people when they hear corporate powerand it certainly wont be the result of a Google searchbut around here, we know better. Contact It requires having the power to steer some of the worlds corporate leviathans and impact the products companies sell, the markets they pursue, and the revenues flowing into their coffers. Diversity Woman presents its inaugural Elite 100 Black Women leaders list. In the same period, there have only been four Black women Fortune 500 CEOs. Another campaign, Realize Your Dream, was targeted to would-be entrepreneurs. She has a track record of building brands, organizations, and high-performance teams. DEBORAH C. WRIGHT Chairwoman & CEO Carver Bancorp Inc. New York, NY. All candidates were judged based on the following criteria: the extent to which her clout inside the company has a direct impact on revenues, profitability, product development, and brand position; the scope of her career; her ability to influence the direction of major corporations, nonprofits, and institutions through board membership; her unfettered access to the CEO, top management, and corporate board; and her industrywide reputation. Click here to download the PDF of this Issue. Nobody took the business of weather coverage that seriously. INFORMATION CHRISTINA NORMAN President MTV New York, NY. B.E. Roz has implemented a growth strategy that is mostly dependent on technological advancements. $14.99. Age: 41 Clout: Rhone has the distinction of being the first African American woman to head a major record company. Age: 52 To view or add a comment, sign in The Hartford native is treasurer of the National Association of State Treasurers and has received the Corporate Responsibility Leadership Award from Citizens for Economic Opportunity and thePaceSetter Award from the National Association of Investment Cos. TRACEY TRAVIS CFO & Senior VP of Finance Polo Ralph Lauren Corp. New York, NY. Clout: Since 1984, Ross has played a significant role in securing the divisions position as the worlds largest express delivery service. DIANA S. FERGUSON SVP of Strategy & Corporate Development Sara Lee Corp. Chicago, IL Age: 42 PAMELA THOMAS-GRAHAM Group President Liz Claiborne Inc. New York, NY. Sneed is a trustee of Teach for America, the Chicago Childrens Museum, and Simmons College. Women of Power Summit She sits on the executive committee of The Museum of Science and Industry and is a board member of Equity Residential Properties Trust and Blue Cross Blue Shield of Illinois. Shes co-founder of the Global Markets and Investment Banking Womens Leadership Council, a founder and chairperson of Three Sisters Scholarship Foundation, and a member of the Diversity Employee Advisory Council. Today, Hughes has a publicly traded media company, Radio One. ADRIAN E. BRACY VP of Finance St. Louis Rams, St. Louis, MO. Winfrey is a living legend who spearheads business and humanitarian initiatives. Black women, even with discrimination andbias, work twice as hard and good as their counterparts. Entrepreneurs Summit Women who hold C-suite positions including CEO (chief executive officer); COO (chief. DENISE L. NAPPIER Treasurer State of Connecticut Hartford, CT. Age: 51 Age: 43 Once the highest-ranking African American in the cable news industry, the former CNBC chairwoman operates a business twice the size of the TV network. + $3.99 shipping. "That . One of her goals this year is to create original programming. There are so many more whose success, hard work, and talent are also making so much noise. She serves on the boards of Coca-Cola Enterprises Inc. and Limited Brands Inc. MELISSA JAMES Managing Director Morgan Stanley New York, NY. Although the books have yet to be balanced, Sykes has managed to close the gap from roughly $1.7 billion in 2003 to $46 million in 2005. So were celebrating the fearless female executives who have managed both to stand firm in the face of hostile corporate environments and to take the bull by the metaphorical horns, powering their careers to the top. ABOUT 1 on the BE PRIVATE EQUITY list with $1.6 billion om capital under management). }).render('20a8b375791e4747b3ea338f8ab6c52e'); President Peoples Gas & North Shore Gas Chicago, IL. Fudge serves on General Electrics board of directors, the Harvard Board of Overseers, and as a trustee of the Brookings Institution. From endowments to foundations, pension plans to individuals, Fuller and her team oversee an extensive platform of fixed income portfolios. 1. 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