Executive Leadership Council Names TIAA's Skip Spriggs as New President and CEO

Spriggs is currently Senior Executive Vice President and Chief Human Resources Officer at TIAA.

The Executive Leadership Council announced Otha T. "Skip" Spriggs III as new President and Chief Executive Officer. PRNewsfoto/The Executive Leadership Council)

The Executive Leadership Council (ELC) announced Dec. 13 that its Board of Directors selected Otha T. "Skip" Spriggs III as The ELC's new President and Chief Executive Officer.


He will lead the efforts to sustain the strategic pillars that inform The ELC's strategic plan, including advocacy for black executive leadership across the globe, engagement services and support for multi-cultural and multi-generational leaders at different career lifecycle stages, leading-edge research, coaching and development of leaders, and sustainable global community impact.

"The board selected Skip based on his outstanding qualifications, leadership expertise and longstanding commitment to diversity & inclusion," said Orlando Ashford, ELC Board Chair and President, Holland America Line. "We look forward to having him at the helm of our organization."

"I am honored to be chosen as President and CEO of this extraordinary organization of which I've been a member since 2009," said Spriggs. "I look forward to working with our members, board, partners and staff to build upon The ELC's rich legacy to ensure its continued growth, leadership and impact in the business community and in the communities where our members work and live."

Spriggs will succeed Ronald C. Parker who has served as President and CEO since 2012 and has been an ELC member since 1994. Parker will retire at the end of the year, but has agreed to stay engaged as long as necessary to enable a smooth transition. Spriggs will officially start in Q1 of 2018. A formal start date will be announced in the near future.

"I am excited that Skip will join The ELC and serve as the new leader of this preeminent membership organization of global black business leaders," said Parker. "He will make a tremendous contribution to our organization as he embodies values that are important to all of our constituents."

Spriggs is a seasoned HR executive who has served in senior business roles at several Fortune 500 companies across diverse industries over the last 25 years. He is currently Senior Executive Vice President and Chief Human Resources Officer at TIAA (No. 27 on the DiversityInc Top 50 Companies list) where he oversees all aspects of human resources strategy and execution for the company's global workforce.

"I want to thank Skip for his many contributions to TIAA over the past five years," said Roger W. Ferguson Jr., President and CEO at TIAA and a member of The ELC. "He helped to make TIAA an employer of choice and empowered our 16,000 employees to make a difference for the individuals and institutions we serve around the world. We're proud that Skip has been selected to lead The ELC, an organization about which he cares so deeply. Under his leadership, I know that The ELC will continue to make great strides in cultivating diverse leaders who can succeed in a complex, rapidly changing global market."

Spriggs' career began at UPS, and he has since held executive leadership roles at Boston Scientific, The Home Depot, Levi Strauss & Co. and CIGNA Corp. He is currently a member of the boards of TIAA, FSB (TIAA Direct), Savannah State University's College of Business Administration and the Institute for Corporate Productivity, and serves on the HR advisory board for the University of South Carolina's Moore School of Business. He holds a bachelor's degree in business administration from Towson State University.

TIAA Names Lori Fouché as CEO of Retail & Institutional Financial Services

TIAA combines businesses to meet the evolving needs of customers through an integrated team

Originally Published by TIAA.

TIAA, a leading financial services provider, announced the appointment of Lori Fouché as Senior Executive Vice President and CEO of Retail & Institutional Financial Services, effective August 7. Fouché will report directly to TIAA President and CEO Roger W. Ferguson, Jr., and will serve as a member of the company's executive committee.

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TIAA Introduces TIAA Bank, Serving Consumer, Institutional and Commercial Clients Nationwide

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Originally Published by TIAA.

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TIAA Celebrates Asian/Pacific American Heritage Month by Addressing Overcoming Stereotypes​

One of the national events featured Amy Chua, Yale University law professor and New York Times best-selling author of multiple books including "Battle Hymn of the Tiger Mother" and "The Triple Package," which is particularly relevant to the workplace and ERGs.

TIAA

By TIAA

May is Asian/Pacific American Heritage Month, which celebrates the history, heritage and contributions of Asians and Pacific Islanders in the United States. Asian/Pacific American Heritage Month started in May 1979 as a week celebration, and in 1992, Congress passed a law that annually designates May as Asian/Pacific American Heritage Month.

To honor and recognize this heritage month and its employees with this heritage, the TIAA Asian-American professionals' Employee Resource Group (ERG), called Engage ERG, hosted events in multiple TIAA offices for employees to enjoy and learn more about the Asian culture. One of the national events the Engage ERG hosted was a speaker event on May 10 with Amy Chua, best-selling author of multiple books and law professor at Yale University. Amy Chua is well-known for her New York Times bestseller books, including "Battle Hymn of the Tiger Mother" and "The Triple Package," which is particularly relevant to the workplace and ERGs.

The TIAA Engage ERG's motto, "loud & proud", was a theme in Chua's internal speaker event to TIAA employees. She shared her journey growing up with immigrant parents in the US, and how she felt like an outsider at school and work. She later used this feeling as a strength and it motivated her to be proud of her heritage; using her unique skills as a competitive advantage to connect with global issues.

As a part of this month's activities, TIAA employees were encouraged to stand "loud and proud" and be their authentic selves and deterring individuals from "being" what society expects them to be, and to let the workforce embrace all types of cultures, skills, strengths and backgrounds for the company's advantage.

Amy Chua's story and experience resonated with many of the over 380 TIAA employees who attended the event in conference rooms and on the phones nationwide. She encouraged employees to embrace their culture, and to not let their individuality hold them back simply because it is different.

"Although Amy talked a lot about the challenges and struggles of Asian Americans, I think these are struggles that everyone can relate to. Regardless of your race, gender, beliefs, or sexuality, we are all trying to fit in, trying to overcome stereotypes, trying to make our voices heard," said Wen-Fu Wu, National Co-Chair of the Engage ERG and Managing Director of Asset Allocation at TIAA. "Conversations like these really help us realize that we're all more alike than we are different, and ultimately bring the organization closer together."

Carolynne Singerman, the National Communications Chair of the Engage ERG and a Financial Services Consultant at TIAA, said what resonated with her the most was to realize that positive things can come out of terrible and misfortunate events. . "To me that means instead of looking at it as "why me?" look at it as a way to learn and grow." Singerman added, "I believe it is important to have cultural discussions in the workplace so that we, as employees, can embrace and respect our differences and that we all are human. This acceptance also projects through our business practices."

The TIAA Engage ERG started in 2015 and currently has 501 members. Its mission is to elevate the success of the firm by providing recognition, development, and networking opportunities, especially for Asian-American employees. The ERG hosted additional events this month, including another guest speaker, a kite festival in Denver, and a Dragon Boat festival in Charlotte.