"That . Women of Power Summit SistersInc. Because of their pull, the executives, entrepreneurs, and specialized professionals who appear on this list make up BLACK ENTERPRISEs list of the 50 Most Powerful Black Women in Business. ow.ly/YU3M50LXRes. Recognizing that financial management was going to be at the forefront of leading this charge for a new exploration vision, there needed to be some structure and some rigor as we moved forward in our processes.. A shrewd negotiator with a business and legal background, Pickrum spearheaded two critical deals. Clout: McCann may stand only 5 feet tall, but shes a giant in the media industry. 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. She has over 20 years of experience in leading digital initiatives that advance thegoalsand priorities of organizations. }); EVENTS Chapman says Black business pros can certainly. You have to [talk] to the people. 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. Clout: Rogers oversees field operations, customer service functions, and gas supply management for the $2.3 billion utility company. Clout: Price is a billion-dollar player in the private equity arena. In more than 15 years as head of the NMSDCs network of 39 affiliated regional councils, she has helped provide vending opportunities to more than 15,000 certified minority-owned companies, matching them with 3,500 corporate members. Shes guiding a flock of 47.4 million Verizon customers to use the companys services to enrich their personal and professional lives. 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. One of her goals this year is to create original programming. 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. VICKI R. PALMER Executive VP, Financial Services & Administration Coca-Cola Enterprises Inc. Atlanta, GA. Age: 52 Rosalind is a members-only warehouse club channel with revenues of $57 billion for the fiscal year 2016. ABOUT Age: 40 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. [a-team-showcase id=634608] 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. Clout: Johnson Rice is building upon the legacy of her late father, JPC founder John H. Johnson. Please click the links below to view the digital copy of previous issues. She also serves on the Vassar College Board of Trustees and presides over the colleges 35,000-member alumni association. So how have dozens of black women overcome these obstacles to make it to the top of the corporate ladder? Clout: Hobson heads the nations largest black-owned money management firm (No. Clout: A 28-yearveteran with Kraft, Sneed was part of a companywide initiative to thwart childhood obesity. Clout: President George W. Bush challenged NASA with a new mission: Visit Mars and journey farther into the final frontier. 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. Of all 655 seats held by women, 104 are held by African Americans. 14 on the BE INDUSTRIAL/SERVICE 100 list with $275 million in revenues. Inspiring Corporate Leadership It is our honor to present Savoy Magazine's Most Influential Black Executives in Corporate America. Clout: Since 1984, Ross has played a significant role in securing the divisions position as the worlds largest express delivery service. Clout: As a member of the senior executive committee for Coca-Cola, Palmer oversees the treasury department, which manages the companys $11 billion multicurrency debt portfolio and its $3 billion pension plan and 401(k) investments. 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. 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.. Entrepreneurs Summit VALERIE MOSLEY DIAMOND SVP & Fixed Income Portfolio Manager Wellington Management Boston, MA. Clout: The brand campaign for Secret deodorant, Strong enough for a man but made for a woman, was one of Williams most memorable. Under her guidance, VH1s prime-time ratings increased 80%. She is also a member of the core bond strategy group and the corporate strategy group. From Madam C.J. cnx({ According to Catalyst, a research and advisory firm, women of color represent about 1.6% of corporate officers and top earners at the nations 500 leading industrial companies. There are going to be a lot of financial challenges, a lot of dialogue with regards to the cost, says Sykes. Working with the Department of Defense, Social Security Administration, and the FBI, Goodens department improves the efficiency of federal agencies while allowing them to share information securely. 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. Age: 52 CARLA A. HARRIS Managing Director, Global Capital Markets Morgan Stanley New York, NY. 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. JERRI DEVARD Senior VP, Brand Management & Marketing Verizon New York, NY. Age: 47 With access to higher education, comes many leadership opportunities that these women do not hesitate to take advantage of. President Peoples Gas & North Shore Gas Chicago, IL. 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. And she shows no signs of running out of steam. Cathy Hughes is the CEO and President of Radio One and TV One. Age: 42 She manages the origination of more than $25 billion in loan commitments. About 4 days ago from Diversity Woman Media's Twitter via Hootsuite Inc. Business Leaders in Tech Diversity Conference, Diversity, Equity, Inclusion and Belonging Conference. }).render('20a8b375791e4747b3ea338f8ab6c52e'); 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. 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. The first was the formation of RLJ Hedge Fund of Funds, an asset management company in partnership with Deutsche Banks Deutsche Asset Management unit that could potentially become the largest black-owned asset management company. !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); In July, her firm became a major bond underwriter for Detroit Public Schools. Sales Partnership Solutions 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. In fact, she is credited with saving taxpayers and businesses millions of dollars through the states debt management program. 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. There are so many more whose success, hard work, and talent are also making so much noise. Contact 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. But before anyone can go where no man has gone before, CFO Sykes must approve it. Thasunda Brown Duckett is the new CEO of Annuity Association of America, TIAA. Black women have always faced barriers to advancement, such as double standards, lack of advocacy, and unconscious bias. Access exclusive leadership development packages to help you achieve your career goals. 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. Age: 43 Age: 36 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%. Since joining the company in 2003, DeVard has pushed Verizons innovative technology with advertising campaigns such as Richer, Deeper, Broader, which touted how the companys broadband capabilities impact peoples everyday lives. This determination, resilience, hard work, and steadfastness are what make them reach the top even after hurdle after hurdle. In fields from finance to tech to entertainment to health care, these 100 corporate all-stars are making their mark. 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. She not only changed its focus but reversed more than 10 years of staggering losses. In fact, she says that because weather affects behavior, it impacts people emotionally. I dont see that changing anytime soon, she says. In addition to serving on the board of directors of Franklin Electric and Peoples Energy, she also serves on the board of the nonprofit Metropolitan Family Services. Chapman sits on the Deans Advisory Board for the University of Wisconsin-Madison School of Business. Where does it stem from and how can organizations respond?" URSULA M. BURNS President, Business Group Operations/Corporate Senior VP Xerox Corp. Stanford, CT Age: 47 Marvin Ellison, Lowe's. Image source: Lowe's. Lowe's ( NYSE:LOW) needs to play catch-up with its key rival, Home Depot . "I talk to Black women about really knowing where you add value," she explains. Among the largest publicly listed companies in the European Union (EU-27) in 2021, only 20.2% of executives and 7.8% of CEOs are women. Your Money, Your Life, LATEST LISTS Kathryn Finney's status as an industry pioneer makes her one of the most influential black women in tech today. It wouldnt be long before that recognition was gained. Since shes been with Scholastic, Winston has guided the companys strategy to improve capital allocation, cash flow, and overall financial performance. 1 network targeted to African Americans and we have been for 25 years. By Olivia Solon and April Glaser. WONYA Y. LUCAS Executive VP and General Manager The Weather Channel Networks Atlanta, GA. Age: 44 While she was CEO of SMG North America, BLACK ENTERPRISE saluted her efforts by naming her 2002 Corporate Executive of the Year.I want to be recognized as a leader in my industry, McCann said at that time. Clout: One of the nations most enterprising women, Michel connects minority businesses with the largest industrial corporations. But encouraged by her husband (who did watch the channel) and her colleague, she joined as executive vice president of marketing. We tell stories of real-life extraordinary women, so girls of all backgrounds/beliefs/interests can feel seen & find at least one role model to inspire them." She has a track record of building brands, organizations, and high-performance teams. Black women, even with discrimination andbias, work twice as hard and good as their counterparts. She has also served as the CEO of Chase Consumer Banking. Nobody took the business of weather coverage that seriously. Since a title is not automatically synonymous with power, we further narrowed the list by talking to top executives, industry insiders, and the heads of professional organizations. Privacy Policy The fact that there still arent many African American women in the C-suite clearly shows that the playing field still requires leveling. For Black women to hold a percentage of executive jobs equal to their share of the U.S. workforce, their numbers would have to swell from about 1,500 today to nearly 4,600 at the 287. In 2021, there were only 31 women in executive roles across 27 companiesincluding only 8 CEOs. 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. Since 2004, Ross has managed the worldwide strategic and financial planning for FedEx Express operations, the subsidiary that operates in 52 countries and employs more than 140,000 workers. In the same period, there have only been four Black women Fortune 500 CEOs. 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. Ursula Burns is the very first female, and a Black woman appointed as the head of Xerox, a Fortune 500 company. 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. Elected in 1998 and re-elected in 2002, Nappier says her No. If her success at VH1 is any measure, Norman should be a hit. Subscribe to Newsletter Winfrey is a living legend who spearheads business and humanitarian initiatives. Women who hold C-suite positions including CEO (chief executive officer); COO (chief. Today, Hughes has a publicly traded media company, Radio One. 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." Shes a certified public accountant and her board affiliations include Mercy Center and Women for the Apollo. She is expected to take on the role of Chief Executive Officer of Walgreens Boots Alliance (WBA) on March 15. To view or add a comment, sign in According to Biz Journals, In the United States today, there are about 30 (6%) of CEO positions in S&P500companies as of December 2019. Clout: Ellis-Simon heads a hard-driving team that generates millions of dollars in revenues. Pickrum earned her bachelors degree from Vassar College and her law degree from Stanford Law School. Under her leadership, Ebony, the companys flagship publication, has remained the top-selling African American monthly, and the company is No. Ursula Burns is the very first female, and a Black woman appointed as the head of Xerox, a Fortune 500 company. Clout: James ensures the companys growth by managing five subsidiaries that generate roughly $650 million in revenues annually. DONNA A. JAMES President, NationwideStrategic Investments Nationwide Mutual Insurance Co. Columbus, OH. Before joining Scholastic, Winston served as vice president and treasurer, and then vice president and controller, of Visteon Corp. 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. Age: 43 She has a track record of building brands, organizations, and high-performance teams. SYLVIA RHONE Executive VP Universal Records President Motown New York, NY. JANICE BRYANT HOWROYD CEO Act 1 Group Torrance, CA. Clout: Once you can influence decisions in the boardroom, you are a woman of power, says Pickrum. INFORMATION 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. Another campaign, Realize Your Dream, was targeted to would-be entrepreneurs. By Tanisha A. Sykes Black women are changing the game in Corporate America. Her assets are worth an estimated $1.3 billion. Clout: Thrown into mainstream medias pit in 1986, Winfreys appeal and vitality has never waned. Shes also responsible for a portfolio of financial companies through Nationwide Mutual Capital, a $150 million venture capital fund. AMY ELLIS-SIMON Managing Director,Head of Multiproduct Sales Merrill Lynch New York, NY. SistersInc. A major philanthropist, she chairs a $100 million capital campaign for North Carolina A&T University and has pledged $10 million for student scholarships. Let look at some of the top black women executives. 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. 1 on the BE BANKS list with $616.4 million in assets), which was in danger of closing. Definitely an inspiration for the generation ahead. She is also a strategies advisor to the President of Arizona State University and Forbes Ignite. 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. Diversity Woman presents its inaugural Elite 100 Black Women leaders list. She developed an interest in creating consumer demand while completing her M.B.A. at Clark Atlanta University Graduate School of Management. She further exercises her influence as a board director of Bausch & Lomb Inc., Kimberly-Clark Corp., MoneyGram International, and Omnicom. 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. #diversity #mentorship RENETTA MCCANN CEO Starcom MediaVest Group Chicago, IL. Her latest endeavor is a lifestyle company that. LISA W. PICKRUM Executive VP & COO RLJ Cos. L.L.C. She previously served as the Chief Operating Officer, Group President, and Member of Starbucks Board of Directors. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Today she creates ads for clients at her agency, Carol H. Williams Advertising (No. Mary Barra Company: General Motors Revenue: US$147 billion (2018) 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. Sales Partnership Solutions Age: 43 MARY A. WINSTON Executive VP & CFO Scholastic Corp. New York, NY. Over a six-month period, our editors reviewed biographies and resumes and conducted interviews with hundreds of potential candidates. LINDA GOODEN President, Information Technology Lockheed Martin Seabrook, MD. 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. SHEILA C. JOHNSON CEO Salamander Hospitality L.L.C. Clout: Saunders Jones directs The Coca-Cola Co.s community, philanthropic, and civic affairs. Black women are changing the game in Corporate America. Buy a hard copy of our magazine, delivered to your door! DEBRA L. LEE Chairwoman, President & CEO Black Entertainment Television Washington, DC. Most recently, entertainer and CoverGirl spokeswoman Queen Latifah tapped the agency to market a cosmetics line for African American women. 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. Nappier also has invested money with black-owned private equity firms including Fairview Capital Partners Inc. (No. What happens to television [often] is [TV executives] start believing theyre the target audience and theyre not, explains Lucas, a former senior vice president of Strategic Marketing for Domestic Networks of the CNN News Group. Sykes, who was named CFO in 2002, oversees fiscal operations inside and in connection with the $16.5 billion space exploration program. 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. 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. 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. Each executive has a direct impact on ensuring their corporations are market leaders and/or play a vital leadership role in revenue generation, profitability, market share, and strategic development. Women of Power TECH, PODCASTS Johnson is the first black woman to co-own three professional sports teams: the Washington Mystics (WNBA), Capitals (NHL), and Wizards (NBA). Clout: A top executive at the $29.1 billion financial services monolith, McNeal manages American Express largest and most complex customer relationships; she orchestrates retail campaigns to expand revenue streams. Age: 46 In 2005, her division was a major contributor to the food giants $11.2 billion in net sales. The stars were perfectly aligned on February 7. Age: 48 Kathryn Finney. 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. During her 17-year tenure at the company, she has held key marketing and sales positions. TIAA was managing $1.1 trillion in assets for more than five million active employees as of year-end 2019, according to Fortune. Her secret for success, she says, is being a student of human behavior understanding how people choose one brand over another. Age: 47 DENISE L. NAPPIER Treasurer State of Connecticut Hartford, CT. Age: 51 My personal style is to always try to be the best, which means exceeding the expectations. Age: 53 Her firm was named BEs Advertising Agency of the Year in 1999 and 2004. Clout: A calculated risk taker, Green joined Willis in 2003 to head up the newly formed consumer goods practice. EDITH W. COOPER Head of North American Hedge Fund Distribution, Fixed Income, Currencies & Commodities Goldman Sachs New York, NY. 4 on the BE INDUSTRIAL/ SERVICE 100 list with $622.7 million in revenues) has mushroomed into a multidivisional company. B.E. 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. 2 on the BE ADVERTISING AGENCIES list with $350 million in billings). Only 14.2% of the top five leadership positions at the companies in the S&P . Each executive reports directly to the CEO, COO, or the executive management team or hold positions on corporate board committees. DESIREE G. ROGERS Corporate SVP Peoples EnergyCorp. For the first time, we are proud to introduce the Elite 100. By owning their power, of course. Masthead. Age: 43 1. As Fairviews co-founder, she has helped propel the upstart into the No. diversitywoman.com/rebel-with pic.twitter.com/V4sD6giQQ2, 57% of multicultural women wish more podcasts focused on women of color. In seven years, she has expanded the unit from a 140-member strike team to a 16,000-person division that grossed more than $2 billion in 2005. The top Black female today are among the most educated ethnic groups in the United States today. She gained a national reputation for her leadership in corporate governance issues and was among those shareholders who filed resolutions pushing for reform in corporate accounting practices in the wake of widespread abuses that led to the collapse of Enron, WorldCom, and others. Take ownership for your own career, says Tracey Travis, CFO of Este Lauder. She is not only the second black woman currently but also only the fourth woman to lead the Fortune 500 companies. DEBRA A. SANDLER Worldwide President, McNeil Nutritional L.L.C. + $3.99 shipping. Women who hold positions in diversity, human resources, legal affairs, corporate communications, and other staff management areas were not eligible. Prior to joining Alliance in 1993, Fuller worked for Equitable Capital Management Corp. and later for Morgan Stanley. Executives who manage local andstatewide divisions. Clout: Could Sandlers job be any sweeter? She completed a series of tough assignments while meeting the energy needs of Chicago residents and improving the companysfinancials. Outside the company she serves on the board of directors for Rollover Systems and CW Wellspring Entertainment. CATHY D. ROSS SVP & CFO, FedEx Express FedEx Corp. Memphis, TN. OPRAH WINFREY Chairwoman Harpo Inc. Chicago, IL. Clout: The BET co-founder is not afraid to exert her largess. As worldwide president, she oversees the development of Johnson & Johnsons nutritional health products platform. Vintage 70/80s EVAN PICONE Silk Pink Blouse Designer Secretary Career Pleated 14. The Connecticut pension fund is one of the best performing public funds in the country and in the top third of public funds with assets exceeding $1 billion. About As of November, the magazine brought in revenues of $214 million. She is also a board director of First Horizon National Corp., where she chairs the audit committee. Known for her community involvement and corporate leadership, Madison has earned a number of awards including the 2004 Citizen of the Year Award and 2005 Excellence in Media Award. PAMELA THOMAS-GRAHAM Group President Liz Claiborne Inc. New York, NY. 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. 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. Non-executive corporate directorsregardless of board position includingchairman and lead director. Vintage Secretary Blouse Floral Sheer Loubella Size 14/15 Top Career long sleeve. $14.99. From endowments to foundations, pension plans to individuals, Fuller and her team oversee an extensive platform of fixed income portfolios. Sneed is a trustee of Teach for America, the Chicago Childrens Museum, and Simmons College. 1 on the BE PRIVATE EQUITY list with $1.6 billion om capital under management). Membership in the corporate elite doesnt come easy. JOANN H. PRICE General Partner Fairview Capital Partners Farmington, CT. Age: 56 Age: 58 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. Sharon Kennedy Vickers is the Chief Information Officer and Director of Technology & Communications at the City of Saint Paul, Minnesota. 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. 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. Sneed also oversees consumer strategy and promotions as well as packaging and design for more than 100 major brands. 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. In 2004, was launched. 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. Finney is known for her work in creating digitialundivided, or DID, in 2012. Take Career Development Courses, and much more. 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. If you knew the endless e-mails, calendar shuffling and manifesting it took to get 15 of the most impressive Black women in the beauty industry into . What can and will change with Lee at the helm is BETs programming. Rosalind Brewer is all set to become another or third Black woman leading a Fortune 500 company in US history. Work With Coaches. Click here to download the PDF of this Issue. Age: 33 Roz is also focused on implementing changes that can help create a seamless shopping experience of shopping at Sams Club. The network has access to 88 million homes and, in 2005, the channels prime-time average audience delivery among households grew 31% over 2002. cnx.cmd.push(function() { 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. DEBORAH C. WRIGHT Chairwoman & CEO Carver Bancorp Inc. New York, NY. Even McDonalds made Splenda its sweetener of choice. Known as the turnaround queen for VH1, Norman was tapped by MTV to expand the networks brand. Age: 63 Women of color are remaking the face of leadership teams and C-suites at corporations across the country and around the globe. Interviews with 59 Black Female Executives Explore Intersectional Invisibility and Strategies to Overcome It by Alexis Nicole Smith, Marla Baskerville Watkins, Jamie J. Ladge, and Pamela. Duckett is TIAA's second consecutive Black chief executive,. After a few months in the seat, she says she understood the concerns of her advisers. A brand unto herself, Winfrey turns books into best-sellers through her book club, and O, The Oprah Magazine boasts some 13 million readers. After auditing NASAs books, it found a $1.7 billion discrepancy. Not just this, but she has worked with both privately held and Fortune 100 companies. She is one of those powerhouses who have led from the front throughout her career. 22 GLENDA GOODLY MCNEAL SVP & General Manager, Retail & Emerging Industries, Establishment Services, North America American Express New York, NY. I was at the White House with other black leaders talking to President Bush about issues that are important to our community, Lee recalls. She is also the leading board member of two national nonprofits, Catalyst, and Braven. Today, she leads a company that boasts $17 billion in insurance, more than $1.5 billion in assets (including $120 million in surplus capital), and approximately 400,000 policyholders. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. 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. She chairs the marketing committee of the Pepsi Ethnic Consumer Advisory Board and serves on the board of the National Retail Federation. In fact, all of the companys advertising targeted to pre-teens now focuses on food products that meet nutritional guidelines. In recent years, the Department of Treasury has been critical of the programs accounting practices. 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. Weather coverage is no longer a joke. In 2004, Radio One and Comcast launched TV One Inc., a network targeted to African American adults. Chairwoman The Coca-Cola Foundation Atlanta, GA. Age: 59 Age: 44 1 on the BE ASSET MANAGERS list with $21.43 billion in assets under management). As a result, the network is well-positioned for a number of on-demand technology opportunities, such as mobile cell phone use, podcasting, and broadband channels. Although the clout of our top 50 is considerable, very little has changed in the executive suite. Clout: Under Bryant Howroyds stewardship, ACT 1 Group (No. CATHY L. HUGHES Founder, Chairwoman Radio One Inc. Lanham, MD. Last year, she increased the operating income to $19.5 billion, a 125% increase in just one year. They have high-ranking titles and the power to set strategy for many billion-dollar corporations, and their advancement is unparalleled. Entrepreneurs Summit Since the 1970s, its flagship product Black Enterprise magazine has covered African-American businesses with a readership of 3.7 million. Karen Lynch CEO, CVS Health ( CVS ) Lynch assumed the CEO role in February 2021. Women of Power TECH, PODCASTS She later launched her own insurance brokerage firm, MGIS Inc., which she soldin 1995. With two Black women running Fortune companies out of 41 women executives in 2021, they represent 4% of female Fortune 500 CEOs. 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. 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. She serves on the boards of Coca-Cola Enterprises Inc. and Limited Brands Inc. MELISSA JAMES Managing Director Morgan Stanley New York, NY. She is a regular commentator on ABCs Good Morning America; has defended the mutual fund industry in testimony before Congress; and, on at least one occasion, has challenged New York Attorney General Eliot Spitzer. Age: 52 BE 100s Infographic from Ashley Stewart for The Plug 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. Executives who work for governmentagencies and entities under full governmentcontrol. Age: 58 She recently became the second black woman to currently lead a Fortune 500 company, making sure she makes her mark and gets noticed. In the C-suite, there has been progress, but its slow. Clout: Two years after joining Goldman Sachs in 1996, Cooper was promoted to managing director. In addition to serving on the advisory boards of New Vista Capital and Pacesetter Growth Fund, Price sits on the board of The Initiative for a Competitive Inner City and a number of civic organizations in the greater Hartford community. She is also chairwoman of the companys pricing committee for its global lines of businesses. Positions include those with oversight of operations, sales, marketing, talent, technological infrastructure, and product development. 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 saved millions by creating the companys first employee buyout program. Management Management 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. 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. 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. Age: 47 This listing showcases an elite representation of African-American men and women who have been recognized for their executive and business leadership in national and global-leading corporations. BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. Clout: As CFO of the $3.3 billion apparel, accessories, and home furnishings company, Travis enjoys the perfect marriage between finance and fashion. playerId: '6edb1640-7c53-4aaa-b923-9309b1053298' Executives who have been excluded from our list: -List research and additional reporting by Lisa Fraser, Roland Michel, and Delicia Paisley-Smith, EVENTS Clout: Smith Iloani has proven that she can hold her own in the male-dominated investment industry. Clout: Chapman manages the day-to-day operations for Citigroup Realty in 96 countries. Clout: James oversees the Relationship Lending Business in Morgan Stanleys Loan Products Group. They have authority over budgets totaling billions of dollars and they control subsidiaries, divisions, or departments that affect the fiscal health and direction of their entities. 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. I was able to hone that craft by going to work for Pillsbury, a consumer-packaged-goods company, says DeVard. HARRIET R. MICHEL President National Minority Supplier Development Council Inc. New York, NY. ow.ly/OzZC50LZMvn. Clout: Becoming the head of a media company wasnt something Lee planned. . She founded these stations and had to undergo homelessness in the bid of keeping her dreams alive. Clout: Since beginning her career at General Mills in 1988, Nelson has been identified as a go-to professional, whether the assignment calls for her to develop a new cereal or launch a new product line. 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. 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. Before she became a managing director, James headed the companys industrial origination effort, where she helped raise billions in capital for corporate clients and worked oncomplex transactions, including the first domestic yen issuance for General Electric Capital Corp., the first global bond for DuPont, and the $4 billion initial public offering of Agere Systems. Under her leadership, the foundation has contributed $180 million in scholarships to minority students. Black Size 6 Jo Hardin Vintage 80's Blouse Pullover Shirt Secretary Women's. Sponsored. Clout: Working at Alliance Capital Management which has nearly $550 billion in assets under management has kept Fullers plate full. Subscribe to Newsletter Green started her career in insurance at Chubb & Son Inc. and has more than 23 years of industry experience. $17.95. 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. Prior to her current position, Cooper headed the companys global futures business. #inclusion #Belonging Overseeing a staff of nearly 5,000 worldwide, McCanns career highlights include landing the $600 million Walt Disney World account and maintaining the lowest employee turnover rate in the industry. The politics of corporate America is something that most female executives are familiar with--especially at companies where racism, sexism and the good old-boy network still exist. B.E. 1 firm on the BE PRIVATE EQUITY list with $1.6 billion in capital under management. VICKI L. FULLER SVP & Senior Portfolio Manager Alliance Capital Management Corp. New York, NY Age: 48 Reversing NASAs finance woes, such as achieving its space initiatives, wont happen overnight, but Sykes is confident it can be accomplished. 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. Despite their success, a new study from McKinsey & Company and LeanIn.org, Women in the Workplace 2020, shows that women in senior management, especially women of color, remain underrepresented, with SVP roles only growing from 23 percent to 28 percent between 2015 and 2020. Age: 43 As a senior portfolio manager, she oversees fixed income investments, which account for 33% of the firms assets under management. While at the Federal Communications Commission and Procter& Gamble, she made the decision to pursue her passion for numbers and enrolled in the Wharton School of Business at the University of Pennsylvania to acquire a degree in finance and entrepreneurial management. She holds the No. The 136 women on the roster make up our largest ever list of the crme of the crop of the most powerful black women in corporate America. In addition, Rhone sits on the boards of the Alvin Ailey American Dance Theater, the Studio Museum of Harlem, Jazz at Lincoln Center, and the Rock and Roll Hall of Fame. Fudge serves on General Electrics board of directors, the Harvard Board of Overseers, and as a trustee of the Brookings Institution. These were just the five women black executives that we could mention and honor today. 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. 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. Were the No. Clout: Rhone has the distinction of being the first African American woman to head a major record company. Clout: Hellers team is charged with turning out skin care products for consumer products giant Johnson & Johnson, which has more than 200 operating companies that manufacture thousands of healthcare products across a number of categories. ow.ly/Wehk50LYRU7. When MetLife bought Citigroups Travelers Life & Annuity business earlier this year, Chapmans team negotiated and executed the transaction. The contest winners and the c-suite executives stayed connected and went on to found a global Black leadership network now known as Calibr . Although vital to global business overall, CEOs and top executives from the. Lucas realized their audiences never thought it was. Age: 44 Our focus is right here at home., GWENDOLYN SYKES Chief Financial Officer NASA Washington, DC. Age: 47 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. Age: 43 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. Her company, Harpo Inc., ranks No. VIKKI L. PRYOR President & CEO SBLI USA Mutual Life Insurance Co. Inc. New York, NY. 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. ANN FUDGE Chairwoman & CEO Y&R and Young & Rubicam Brands New York, NY Age: 54 TWCs total day average audience delivery has increased 23% over the same period. LINDA JOHNSON RICE President & CEO Johnson Publishing Co. Inc. Chicago, IL. The result: Roughly $87.4 billion in goods and services were purchased from minority businesses in 2004. 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. She serves on the boards of Tommy Hilfiger Corp., the Association of National Advertisers, the Executive Leadership Council, and the Pepsi AfricanAmerican Advisory Board. It could be costing the podcast industry some growth since 55% of women listeners say they would listen to more podcasts that included female stories & perspectives. DeVards marketing strategies have been a key factor in Verizon posting $71 billion in revenues in 2005 as well as increasing its market share. With her son at the helm, Hughes assists with other ventures. Dec. 4, 2020, 12:04 PM PST. Clout: In 1999, Wright was advised not to accept the position of CEO and president of Carver Federal Savings Bank (No. DIANA S. FERGUSON SVP of Strategy & Corporate Development Sara Lee Corp. Chicago, IL Age: 42 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. 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. GWENDOLYN SMITH ILOANI Chairwoman, President, & CEO Smith Whiley & Co. Hartford, CT. Age: 46 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. An investment industry veteran, Smith Iloani directs the firms investment advisory and asset management business and the investment and portfolio management activities. Shes directing the revitalization of the magazine publishing division and developing a strategy to increase Fashion Fairs share of the beauty market. Age: 51 They have high-ranking titles and the power to set strategy for many billion-dollar corporations, and their advancement is unparalleled. Black Men XCEL Roughly 10% of the firms $2.2 billion in revenues has been attributed to her business expertise. INGRID SAUNDERS JONES SVP, Corporate External Affairs The Coca-Cola Co. 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. Therefore, the CFO is definitely there at thetable in that transformation.. What is that this woman cant do? In addition, she manages new media efforts for MTV.com and MTV Overdrive, a hybrid service available via broadband. 1. She is also a former director of Amazon, Lockheed Martin, and Molson Coors Brewing Co. She has resigned from all these roles to now begin her tenure as a CEO at Walgreens. She serves on the boards of Girls Inc., Clark Atlanta University, and the Andrew Young School of Policy Studies at Georgia State University. Washington, DC. From a business perspective, having a diverse executive staff that can effectively implement major decisions is necessary to reach a widening consumer base. Her responsibilities include managing corporate and public pension funds, endowments, and mutual funds. MELLODY HOBSON President Ariel Capital Management L.L.C. Since 2004, she has held the CEO position for SMGs Americas region, which includes the U.S., Canada, and Latin America. JACQUELINE WOODS VP, Global Practices Oracle Corp. Redwood Shores, CA. INFORMATION Clout: Woods is a multimillion-dollar negotiator. [a-team-showcase id=634875], HOW WE CHOSE THE MOST POWERFUL WOMEN IN CORPORATE AMERICA. Age: 44 She is the highest ranking African American woman at Viacom, BETs parent company, and her tenure with the network spans 20 years. She says, Other banks focus all over the world. Let look at some of the top black women executives in the US: The former CEO of MetricStream and the current Fortune 500 board member, Shellye Archambeau is one of those who need no introduction. 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. Chicago, IL. Age: 52 Johnson donated $7 million to Parsons School of Design, the largest donation by an individual. For the first time, we are proud to introduce the Elite 100. Her private equity firm ranks No. The Real Roadmap to the Top for Black Women Executives. Jes Wolfe, CEO. All executives have held their positions as of Dec. 1, 2018. Washington, DC. 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. KIM NELSON VP General Mills Inc. President Snacks Unlimited Golden Valley, MN. Clout: In the male-dominated world of professional football, Bracy is making a name for herself in the front office. To view or add a comment, sign in. CAROL H. WILLIAMS President, CEO & Chief Creative Officer Carol H. Williams Advertising Oakland, CA. About 2 days ago from Diversity Woman Media's Twitter via Hootsuite Inc. "Rebel Girls uses storytelling to inspire, empower & build confidence in girls. With 24 years of investment experience, she is a senior member of both the fixed income strategy committee and the management committee. 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 CHRISTINA NORMAN President MTV New York, NY. They have to do code-switching: adjusting their style of speech, appearance & behavior. Most of my actions are founded in solid consumer research and understanding the consumer. Lucas conducts a variety of focus groups as well as quantitative surveys and studies throughout the year even in the midst of hurricane season. BRIDGETTE HELLER Global President, Baby, Kids & Wound Care Franchise Johnson & Johnson Consumer Products Co. Skillman, NJ. Johnson is the first black woman to co-own three professional sports teams: the Washington Mystics (WNBA), Capitals (NHL), and Wizards (NBA). As manager of all business operations outside of research and portfolio management, she has made Ariel one of the investment communitys most effective operators. In between hurricanes weve made changes based on what consumers told us.. Created in 1980, Radio One (No. + $6.10 shipping. Over time I started getting involved in the business side of things and doing more strategic business development, so it was a natural progression.. Safon Floyd July 12, 2016 September 27, 2017 984. In 2004, Splenda generated about $187 million in retail sales, beating out Equal and SweetN Low. Black Men XCEL 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. Age: 45 Age: 56 The candid conversations, game-changing solutions, insightful panels, networking and partnering opportunities with individuals . 20 Despite Board Progress, the United Kingdom's FTSE 100 Still Lacks Women in Top Leadership 21. In addition to working for the beverage giant, Palmer serves as a board trustee and secretary of Spelman College. Age: 42 Job seekers are likelier to click on job ads for firms with high #diversity scores." 1 priority as treasurer is making sure the state is on sound financial footing, meaning the books are balanced, pension funds are secured, debt levels are managed, and investments achieve solid returns. Were a major media network, and people look to us to see what black America is thinking and how things affect us. Age: 45 Johnson & Johnson Fort Washington, PA. Age: 45 Twenty-four hours of climate conditions? Registry of Corporate Directors. Because so much of our pension fund assets are invested in the stock market, we have an obligation to vigorously exercise our proxy voting rights. For Black Women - The Executive Leadership Council (ELC) The Power of Women at Work. Thats good news for 160,000 teachers, state and municipal employees, and others who benefit from the academic programs, grants, and initiatives funded through CRPTF. Contact Roz as shes fondly called, joined Sams Club, a division of Wal-Mart Stores, Inc. in the year, 2012. Without exception, our list reveals 50 women who represent the top echelon of business. The organization is a social startup with a vision of creating "a world where women own their work .". A leading philanthropist, Harris chairs the Food Bank for New York City, which distributes free food to more than 1.5 million people annually. That energy that could be spent better doing productive work." 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. 5 on the BE INDUSTRIAL/SERVICE 100 list with $498.2 million in gross sales. Before that, she was the CEO of Chase Auto Finance, SVP for emerging markets and affordable lending, and SVP in home lending. Cathy Hughes tenacity and never giving up personality have helped put her in the position she is today. 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. 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. BE 100s Nelson also believes in developing diverse talent as well: She serves on the advisory board of the Black Champions Network, the employee association she co-founded. She gained ample experience as co-head of the companys commodity business for Europe and Asia, and in 2004,she co-headed the companys global clearing and execution in the equity division. 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