Black Fortune 500 CEOs Decline by 33%

June 30, 2015 12:00 pm
Don Thompson, CEO, McDonald's


The retirement of McDonald’s CEO Don Thompson means the number of Black CEOs of Fortune 500 companies will drop by a third from a year ago.

Clarence Otis resigned as CEO of Darden Restaurants at the end of 2014. That leaves four Black CEOs, two of whom lead DiversityInc Top 50 companiesKenneth C. Frazier at Merck & Co. (No. 16) and Roger W. Ferguson Jr. at TIAA-CREF (No. 37).

The others are:

• Kenneth I. Chenault, American Express
• Ursula M. Burns, Xerox Corporation

An examination of national data compared with Top 50 data shows the gap in the pipeline of Black, Asian, Latino and female talent. U.S. data is from the Fortune 500 (CEOs) and the EEOC (Senior Execs, Managers, Board).

Black CEOs/Leadership

Top 50 U.S.
CEOs 6% 1%
Senior Execs 7.9% 2.3%
Managers 7.2% 6.9%
Board 10.9% 7.4%

There are 9 Asian CEOs of Fortune 500 companies, one of whom is in the Top 50—Ajay Banga of MasterCard (No. 6), who spoke at DiversityInc’s fall event.

The others are:

• Satya Nadella, Microsoft (in the news for his comments about women and raises)
• Indra K. Nooyi, PepsiCo
• Richard Hamada, Avnet
• Kevin M. Murai, Synnex
• Kevin Lobo, Stryker
• Francisco D’Souza, Cognizant Technology Solutions
• Sanjay Mehrotra, SanDisk
• Lisa Su, Advanced Micro Devices

Asian CEOs/Leadership

Top 50 U.S.
CEOs 2% 2%
Senior Execs 5.4% 4.6%
Managers 10.6% 5.9%
Board 4.8% 2.6%

There are 10 Latino CEOs of Fortune 500 companies, one of whom is in the Top 50—Carlos Rodriguez of ADP (No. 20).

The others are:

• George Paz, Express Scripts
• Josue Robles, United Services Automobile Association (USAA)
• Mario Longhi, U.S. Steel
• Bernardo Hees, H.J. Heinz
• J. Paul Raines, GameStop
• Joseph Alvarado, Commercial Metals
• Joseph Molina, Molina Healthcare
• Robert E. Sanchez, Ryder System
• Paul J. Diaz, Kindred Healthcare

Latino CEOs/Leadership

Top 50 U.S.
CEOs 2% 2%
Senior Execs 4.6% 3.7%
Managers 6.3% 7.2%
Board 6.8% 3.3%

There are 25 women CEOs of Fortune 500 companies, including Virginia M. Rometty of IBM (No. 22). Other Top 50 female CEOs are Christi Shaw of Novartis Pharmaceuticals Corporation (No. 1), Catherine Engelbert of Deloitte (No. 12) and Beth Mooney of KeyCorp (No. 49).

The DiversityInc 25 Noteworthy Companies include two Fortune 500 women CEOs—Mary T. Barra of General Motors and Ellen J. Kullman of DuPont. Debra L. Reed is CEO of Sempra Energy, one of DiversityInc’s Top 5 Utilities.

Other female Fortune 500 CEOs are:

• Margaret C. Whitman, HP
• Indra K. Nooyi, PepsiCo
• Marillyn A. Hewson, Lockheed Martin
• Safra A. Catz, Oracle
• Irene B. Rosenfeld, Mondelez International
• Phebe N. Novakovic, General Dynamics
• Carol M. Meyrowitz, TJX
• Lynn Good, Duke Energy
• Ursula M. Burns, Xerox
• Deanna M. Mulligan, Guardian Life Insurance
• Kimberly Bowers, CST Brands
• Barbara Rentler, Ross Stores
• Sherilyn S. McCoy, Avon Products
• Denise M. Morrison, Campbell Soup
• Susan Cameron, Reynolds American
• Heather Bresch, Mylan
• Ilene S. Gordon, Ingredion
• Jacqueline Hinman, CH2M Hill
• Kathleen M. Mazzarella, Graybar Electric
• Gracia C. Martore, Gannett
• Lisa Su, Advanced Micro Devices

Women CEOs/Leadership

Top 50 U.S.
CEOs 8% 5%
Senior Execs 29.3% 29%
Managers 42% 37.1%
Board 25.2% 16.6%

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