McDonald's CEO to Retire; Black Fortune 500 CEOs Decline by 33% in Past Year


Thompson

The announced 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) when he steps down March 1.

Clarence Otis resigned as CEO of Darden Restaurants at the end of 2014. When Thompson retires on March 1, that will leave four Black CEOs, two of whom lead DiversityInc Top 50 companiesKenneth C. Frazier at Merck & Co. (No. 14) and Roger W. Ferguson Jr. at TIAA-CREF (No. 36).

The others are:

Kenneth I. Chenault, American Express

Don Thompson, McDonald’s

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 50U.S.
CEOs6%1%
Senior Execs7.9%2.3%
Managers7.2%6.9%
Board10.9%7.4%

There are 10 Asian CEOs of Fortune 500 companies, two of whom are in the Top 50Ajay Banga of MasterCard (No. 6), who spoke at DiversityInc’s fall event, and Omar Ishrak of Medtronic (No. 41).

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 50U.S.
CEOs2%2%
Senior Execs5.4%4.6%
Managers10.6%5.9%
Board4.8%2.6%

There are 10 Latino CEOs of Fortune 500 companies, one of whom is in the Top 50Carlos Rodriguez of ADP (No. 24).

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

*Diaz will become Executive Vice Chair of Kindred’s board on March 31.

Latino CEOs/Leadership

Top 50U.S.
CEOs4%2%
Senior Execs4.6%3.7%
Managers6.3%7.2%
Board6.8%3.3%

There are 25 women CEOs of Fortune 500 companies, including Virginia M. Rometty of IBM (No. 23). Other Top 50 female CEOs are Christi Shaw of Novartis Pharmaceuticals Corporation (No. 1), Catherine Engelbert of Deloitte (No. 11) and Beth Mooney of KeyCorp (No. 47).

The DiversityInc 25 Noteworthy Companies include two Fortune 500 women CEOsMary T. Barra of General Motors and Ellen J. Kullman of DuPont. Debra L. Reed is CEO of Sempra Energy, one of DiversityInc’s Top 7 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 50U.S.
CEOs8%5%
Senior Execs29.3%29%
Managers42%37.1%
Board25.2%16.6%

You can also access all our lists at www.DiversityInc.com/top50.

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