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Sunday, February 21, 2021

Only 4 Black Fortune 500 CEOs

An excerpt from GoBankingRates - 

There Are Only 4 Black Fortune 500 CEOs

See the leaders who are carving a new path.

By John Csiszar 

In spite of all the progress made in Black representation in America, these advances have yet to translate to the C-suite in corporate America. With the resignation of Tapestry CEO Jide Zeitlin in July 2020, the number of Black CEOs among the Fortune 500 dropped to a woeful four. One person will soon be added to that list as Rosalind Brewer, Starbucks’ chief operating officer, will take over as the CEO of Walgreens Boots Alliance. She will be leaving Starbucks at the end of February and will then be the only Black woman CEO at a Fortune 500 company. Unfortunately, this list will shrink again when Merck CEO Kenneth Frazier retires in June 2021.

Over the complete history of the Fortune 500, which dates back to 1999, there have only been a total of 18 Black CEOs leading America’s Fortune 500 companies. The peak year for representation was 2012, when a still-anemic total of six Black CEOs led corporate America’s most prominent companies. As Black History Month unfolds, it’s a good time to take a closer look at the four Black CEOs paving the way for future leaders of color.

https://www.gobankingrates.com/money/business/fortune-500-includes-only-4-black-ceos/

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