TNJ was six years old when Franklin Raines became the first Black CEO of a Fortune 500 company in 1999. Raines remained at the helm of Fannie Mae, the mortgage finance firm, until 2004. Five years later, Ursula Burns, became the first Black female to head a Fortune 500 company as chairman and CEO of Xerox Corp. Over the life of TNJ, Blacks have made it into the C-Suite at Fortune 500 companies, but Black chief executives at these companies remain a rarity. At the time this issue of TNJ went to press, only six Blacks were in Fortune 500 CEO positions.

 

Blacks are also a rarity on corporate boards. In a report on its 2010 census  titled “Missing Pieces: Women and Minorities on Fortune 500 Boards,” the Alliance for Board Diversity reveals that white men held 74.5 percent of Fortune 500 board seats versus 5.7 percent for African-American men and 1.9 percent for African-American women. By 2012, the percentage of African-American male directors had slid to 5.5 percent, while the percentage of African-American female directors remained flat. White men continue to hold the top spots, with roughly 95 percent of board chair positions and 86 percent of lead director slots in 2012. Most of the 56 board seats that opened between 2011 and 2012 went to white women.


Below is a list of Fortune 500 C-Suite Blacks.

 

Paget Alves
Chief Sales Officer
Sprint Nextel Corp.

Craig Arnold
Vice Chairman, Chief Operating Officer
Industrial Sector
Eaton Corp.

Claire Babineaux-Fontenot
Chief Tax Officer
Walmart Stores Inc.

Rosalind G. Brewer
President, CEO, Sam’s Club
Wal-Mart Stores Inc.

Ursula M. Burns
Chairman, CEO
Xerox Corp.

Shannon A. Brown
Chief HR/Diversity Officer
Fedex Express, FedEx Corp.

Harvey Brownlee
President, Chief Restaurant
Operations Officer
Bob Evans Farms Inc.

Glynis Bryan
Chief Financial Officer
Insight Enterprises Inc.

Theo H. Bunting Jr.
Group President, Utility Operations
Entergy Corp.

Lisa Jeffries Caldwell
Chief Human Resources Officer
Reynolds American Inc.

Matt Carter
President, Sprint Global Wholesale
& Emerging Solutions
Sprint Nextel Corp.

Pamela Carter
President, Distribution Business
Cummins Inc.

C. Edward (Chuck) Chaplin
President, Chief Administrative Officer, Chief Financial Officer
MBIA Inc.

Kenneth I. Chenault
Chairman & CEO
American Express Co.

Frank Cooper III
Chief Marketing Officer, Global Consumer Engagement
PepsiCo Inc.

Kermit R. Crawford
President, Pharmacy, Health & Wellness Services & Solutions
Walgreens Co.

Alexander B. Cummings Jr.
Chief Administrative Officer
The Coca-Cola Co.

Carol Anthony (John) Davidson
Controller, Chief Accounting Officer
Tyco International Ltd.

Steven A. Davis
Chairman, CEO
Bob Evans Farms Inc.

Willie A. Deeds
President, Manufacturing Division
Merck & Co. Inc.

Gary A. Douglas
President, Chief Operating Officer Nationwide Agribusiness
Nationwide Mutual Insurance Co.

Roger W. Ferguson Jr.
President, CEO
TIAA-CREF Individual & Institutional Services LLC
Teachers Personal Investors Services Inc.

Darrell L. Ford
Chief Human Resources Officer
AMD Inc.

Lori Dickerson Fouché
President, CEO
Prudential Group Insurance Co.

Kenneth C. Frazier
Chairman, President, CEO
Merck & Co. Inc.

Gerard Gibbons
President, U.S. Sales
UPS Inc.

Ralph V. Gilles
President, CEO, SRT Brand and Motorsports 
Chrysler Group LLC

Kim Goodman
President, Global Business Travel
American Express Co.

Myron Gray
President, U.S. Operations
UPS Inc.

John D. Harris II
President, Raytheon Technical
Services Co. LLC 
Raytheon Co.

John J. Harris
Chairman, CEO
Nestlé Waters, Nestlé

William J. Harvey
President, DuPont Packaging
& Industrial Polymers
EI DuPont de Nemours & Co.

Bridgette Heller
President, Consumer Health Care
Merck & Co. Inc.

J. Phillip Holloman
President, Chief Operating Officer
Cintas Corp.

Wilbert James Jr.
President, Toyota Motor Manufacturing Kentucky Inc.
Toyota Motor Corp. Inc.

Gale V. King
Chief Human Resources/Chief Administrative Officer
Nationwide Life Insurance Co.
of North America

Clinton Lewis Jr.
President, U.S. Operations
Pfizer Animal Health
Pfizer Inc.

Freda C. Lewis-Hall
Chief Medical officer
Pfizer Inc.

Richard J. Mark
Chairman, President, CEO
Ameren Illinois Co.
Ameren Corp.

Antoinette P. McCorvey
Chief Financial Officer
Eastman Kodak Co.

Michael Millegan
President, Global Wholesale
Verizon Enterprise Solutions
Verizon Communications Inc.

William D. Moore
President, Metlife Auto & Home
Metlife Inc.

Harold L. Morrison Jr.
Chief Global Field Officer,
Chief Administrative Officer
The Chubb Corp.

Kevin Newell
Chief Brand Officer
McDonald Corp.

Clarence Nunn
Chief Commercial officer
GE Capital Americas
General Electric Co.

Rodney O’Neal
President, CEO
Delphi Automotive PLC

Clarence Otis Jr.
Chairman, CEO
Darden Restaurants Inc.

Richelle Parham
Chief Marketing Officer
eBay North America

Herbert K. Parker
Chief Financial Officer
Harman International Industries Inc.

William B. Plummer
Chief Financial Officer
United Rentals Inc.

Cathy D. Ross
Chief Financial Officer Fedex Express
FedEx Corp.

Coretha M. Rushing
Chief Human Resources Officer
Equifax Inc.

Shelley Stewart Jr.
Chief Procurement Officer 
DuPont Co.

Don Thompson
President & CEO
McDonald’s Corp.

Westley V. Thompson
President, Sun Life Financial U.S.  
Sun Life Financial Inc.

Michael A. Todman
President, Whirlpool International
Whirlpool Corp.

Frederiek Toney
President, Global Ford Customer
Service Division
Ford Motor Co.

Tracey T. Travis
Chief Financial Officer
Estée Lauder Inc.

Reed V. Tuckson
Chief of Medical Affairs
UnitedHealth Group

Anton Vincent
President, Frozen Foods
General Mills Inc.

Kevin Warren
President, United States Client Operations, Xerox Technology
Xerox Corp.

Mary Beth West
Chief Category and Marketing Officer
Kraft Foods Inc.

Roderick K. West
Chief Administrative Officer 
Entergy Corp.

Anré D. Williams
President, American Express
Global Commercial Card Division 
American Express Co.

Kathleen Wilson-Thompson
Chief Human Resources Officer
Walgreens Co.

Mary A. Winston
Chief Financial Officer  
Family Dollar Stores Inc.

Christopher C. Womack
President, External Affairs
Southern Co.

Michael A. Wright
Chief Human Resources Officer
Covanta Energy

— Compiled by Nene Sangare