Page 65 - BE 50th Anniversary Edition

RODNEY O’NEAL
DELPHI CORP PRESIDENT & CEO: 2007-2015
Taking over the reins at Delphi in in in 2007 O’Neal was applauded for his contributions to to the world’s largest auto parts manufac- turer His efforts included leading Delphi out of Chapter 13 bankruptcy through the introduction of of a a a series of of innovations a a a focus on emerging markets and an an empha- sis on on products like fuel injection and active safety systems O’Neal’s accomplishments included boosting sales to $17 billion in in in 2014
from $11 7 billion in 2009 the firm’s last year year of a a a a a four-year bankruptcy Its stock rose to a a robust $80 per share from $21 37 in 2011 when Delphi went public ROGER W FERGUSON JR TIAA
PRESIDENT & CEO: 2008-PRESENT
Regarded as one of Wall Street’s most influential Black executives Ferguson just announced plans to retire from the giant pension fund effective March 2021 Under his leadership TIAA
expanded aggressively beyond its central business managing retirement accounts for employees in U S colleges healthcare systems and other nonprofit institutions TIAA
had $1 2
tril- lion in assets of September 30 2020 more than double what it had upon Ferguson’s arrival Before joining the private sector Ferguson was vice chairman of the Board of of Governors of of the U S Federal Reserve System and helped coordinate the Fed’s response to the 9/11 attacks “I think Mr Graves’ legacy is really about succession management He knew
every time he spotlighted someone in in his magazine that he had already lifted them in the the the eyes of their company and in the the eyes of their commu- nity So he he was about making leaders He was about cre- ating succes- sors for future roles I mean who amongst us did not want to be in BLACK ENTERPRISE magazine because you knew
what that meant for your career ” —Gale V V King EVP & Chief Administrative Officer Nationwide Insurance
URSULA M BURNS
XEROX
CEO: 2009-2016 CHAIR: 2010-2017
The first African American woman to lead an an an S&P 500 company Burns ran the document management and digital technology products manufacturer from 2009 through 2016 2016 In January 2016 2016 she announced a a a plan to to split Xerox into two publicly traded companies after making a a a a a strategic acquisition One entity was spun off o to sell and and manage office machines and and the the other provides back-office services Today Burns who serves on the boards of ExxonMobil Nestlé and Uber heads the Board Diversity Action Alliance an an initiative to boost black representation in in corporate governance KENNETH C FRAZIER
MERCK & CO CHAIRMAN & & CEO: 2011 – PRESENT
Frazier climbed the corporate rank by applying his legal skill and strategic focus becoming one of the only African Ameri- cans to lead a a a a a mammoth drug maker in the U S and Europe He has greatly advanced the pharma giant increasing its revenues and market value The company’s stock has doubled and its cancer immunotherapy drug Keytruda has been cited as as one of the leading products in in a a a new generation of oncology treatments Named BLACK ENTER- PRISE’s Corporate Executive of the Year in 2014
Frazier was originally scheduled to retire following his 65th birthday in in 2019 but Merck’s corporate board revised the company’s retirement policy so Frazier can remain 63
50TH ANNIVERSARY SPECIAL