"Duckett is the first woman to lead the $46 billion insurance company after taking the reins in 2021, and is one of only two Black women currently serving as Fortune 500 chief executives. In 1987, Duckett's predecessor, Clifton Wharton made history as the first Black CEO of a major U.S. corporation when he took leadership of TIAA. However, despite the company's substantial size, it was omitted from the Fortune 500 at the time."
"Women hold 11% of CEO positions on the Fortune 500 list, accounting for some 55 companies, and a total 28 chief executives have been Black. Among the current Fortune 500 cohort, only 10 companies are currently led by Black CEOs, representing just 2% of the largest U.S. corporations. It's a record high, and has doubled since 2021. Fortune 500 companies led by Black CEOs collectively generated $412 billion in total revenues and had a combined market value of $428 billion."
Thasunda Brown Duckett learned leadership and character from early childhood and said, "What I know today, as a leader, is that I rent my title, I own my character." She became the first woman to lead the $46 billion TIAA in 2021 and is one of two Black women currently serving as Fortune 500 chief executives. Women hold 11% of Fortune 500 CEO positions, and only 10 current CEOs are Black, representing 2%—a record high that doubled since 2021. Black-led Fortune 500 companies generated $412 billion in revenues and had $428 billion in combined market value. Fortune 500 companies control $19.9 trillion in revenues and employ 31 million people; the Black U.S. population reached 48.3 million in 2023.
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