Nike executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. In May 2021, Duckett became only the third Black female CEO of a Fortune 500 company when she was named top executive of TIAA. She becomes CEO and president of New York-based TIAA on May 1, succeeding Roger W. Ferguson Jr., who had announced his plans to retire, it said in a statement Thursday. We kicked off Schwab Volunteer week at 6:00am Saturday!!! Its California Certificate of Authority number is 6992. Its a Wednesday afternoon when a luxury coach bus pulls up outside JPMorgan Chases new Chapel Hill branch in North Carolina. Please consult your tax or legal advisor to address your specific circumstances. This isnt always easy or even sometimes welcomed by residents. Ducketts instinct was to pass, she says. I chose Fannie Mae because I grew up in the company, she says. This is embedded in our business, says Duckett. Thasunda Brown Duckett to lead TIAA, becoming second Black woman CEO of Fortune 500 company Jessica Guynn USA TODAY 0:00 1:24 Teachers Insurance and Annuity Association of America named. After graduating from college, Duckett says she received multiple job offers, but decided to go with Fannie Mae, even though it was the lowest. City of Arlington News MyArlingtonTX News Stories Chase Consumer Banking CEO, Sam Houston Graduate Thasunda Duckett Matches Mayor's $2,500 Donation to Mission Arlington. Equal Housing Lender. TIAA-CREF Individual & Institutional Services, LLC, MemberFINRAOpens in a new windowandSIPCOpens in a new window, distributes securities products. Weekend Buzz: April 21-23, 2023. As of May 1, Thasunda Brown Duckett (MBA '01) now calls the shots for one of the nation's largest providers of secure retirements and outcome-focused investment solutions. She recalls the day she asked to help her father plan his retirement, looking over his savings and projected pension and 401(k) payouts. From students to low-to-moderate income, to affluent, we want to be where the community lives, works and shops, Duckett says. TIAA on Thursday named JPMorgan Chase Thasunda Brown Duckett as chief executive officer, making her the first woman to head the financial-services firm, which oversees $1.3 trillion. But her success hasnt shielded her kids entirely from the reality of racial strife. Thasunda Duckett, then an executive at JPMorgan Chase & Co., speaks during an investment conference in Dana Point, Calif., on Oct. 2, 2018. Account openings and performance have more than doubled the average we see in new branches at existing markets.. As TIAA's CEO, Duckett leads a company whose mission is defined by financial inclusion. New York, NY. She came to TIAA from JPMorgan Chase, where she had served as CEO of Chase Consumer Banking and oversaw a network with more than $600 billion in deposits and 50,000 employees. Art Dyson, the iconic hairstylist who developed thermal blow-drying after leaving the military, Chicken stock for bubble butts, this is the dangerous road plied by Congolese women [Video]. She is alarmed by a statistic that she regularly cites in interviews. Once again, this week on Professional Troublemaker, we're going back into our archives and re-sharing some of our interviews with epic professional troublemakers. Ducketts undertaking includes advocacy for change on both sides of the teller window. I was recently awarded the Charlie Robinson Memorial Award by Ted Reeve Hockey Association for contributions to kids' enjoyment of sport. I was the Director of Affordable . ABC News reported that history was made in more than one way when two African American female CEOs made this year's Fortune 500 list for the first time. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. The mood music about AI is starting to fundamentally shift. As TIAA's new CEO, Duckett will not only be the second Black woman currently leading a Fortune 500 firm, but she will also be just the fourth Black woman in history to serve as a Fortune 500 CEO. 2023 Fortune Media IP Limited. Currently, she is just one of two Black women running a Fortune 500 company and the fourth ever to do so. The oldest executive at Nike, Inc. is Philip H. Knight, 83, who is the Co-Founder & Chairman Emeritus. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. In June, Thasunda Duckett emceed an event at the newly remodeled Harlem branch on West 125th Street. Duckett is married with 4 children. In March 2009, I was in a dual leadership role in the Mortgage Banking division of JPMorgan Chase. We know our history, we know what was lost, we know the issues., But part of the opportunity is to say thats not who you are, she adds. Offers may be subject to change without notice. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Announced in 2018, the new branches are meant to expand JPMorgan to places it hasnt normally gone. I recognize it wasnt that long ago I could not exist in corporate America or in many parts of the fabric of our country. She came to TIAA. FORTUNE may receive compensation for some links to products and services on this website. 100+ collections of TED Talks, for curious minds. It really is important when people can see the art of possibility, Duckett says, during one of several interviews over the course of the summer for this article. FORTUNE may receive compensation for some links to products and services on this website. Mrs. Thasunda Brown-Duckett will discuss her pathway to becoming an advocate for diversity and inclusion and her experiences as one of only two Black female CEOs in the U.S. leading a Fortune 500 company. She wants her own children, whom she raises with stay-at-home husband Richard (center), to travel around the globe before they graduate from high school. The way we earn the trust is well open up our doors.. It aligns with my purpose in life to inspire others. Wichita State on Saturday fired head mens basketball coach Isaac Brown after three seasons. When Duckett interviewed for an internship with Fannies Dallas office as an undergraduate, she quickly made an impression. She leads a company whose mission is defined by financial inclusion and opportunity goals and values she has upheld throughout her career. Thasunda Brown Duckett speaks onstage during the 2018 Essence Festival presented by Coca-Cola at Ernest N. Morial Convention Center on July 7, 2018 in New Orleans, Louisiana. Famfa Oil, one of Nigeria's most prolific oil-producing companies. He didnt know it was for him, she says. Thasunda's mailing address filed with the SEC is ONE BOWERMAN DRIVE, , BEAVERTON, OR, 97005 . GSMA bundles North All Rights Reserved. . In 2019, she was named one of Fortunes Most Powerful Women to Watch.. She is a real talent., Independent and authoritative analysis and perspective for the banking industry. We know there are structural reasons for this, Duckett says. The average net worth for single African-American women is $200 while the average for single white women exceeds $15,000. automatically this yearand prior years, Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, New York, NY 10017, Opens in new window, need to login to access the page, Check the background of this firm on FINRAs BrokerCheck, FINRA Manual and other related FINRA information, Do not sell/share my personal information, Confidentiality for victims of domestic violence, TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition. Call it the price tag for trading for Deshaun Watson. Duckett is currently chief executive officer of consumer banking at JPMorgan Chase. A new coordinator and several new players have been added to a defense that needed a rebuild. Member FDIC. Duckett admitted they didnt. But Fannie is a secondary-market business; Duckett wanted a closer connection to customers. A sudden job loss forced the family into a cross-country relocation to North Texas where they started over. Duckett, shown with guests at the Currency Conversations event in Harlem, is driven to improve educational and life opportunities for young girls of color. . ABC News reported . Thasunda Brown Duckett walks in the door past the columns of party balloons installed for the occasion, and into a line of greeters bearing hugs and handshakes and slightly louder cheers. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. On May 1, TIAA welcomes Thasunda Brown Duckett, its first African American female CEO and the fourth Black woman CEO in a Fortune 500 company. She soon found out that she was going to work in the mortgage business, something she could relate to. In 2021, Thasunda Brown Duckett was named the president and CEO of TIAA, a retirement and financial services company for academic, research, medical and governmental workers. High Vis vocalist Graham Sayle discusses the band's first U.S. tour and his own road to self-improvement. Her 10-year son was called the N-word by a white classmate, reminding her of the racism her dad suffered as a child. In September 2016, Duckett was named to replace Sommers. For us, this is not an effort. Ducketts duties will be expanded from Chief Executive Officer of Chase Consumer Banking, a division of JP Morgan, to include her Operating duties. Overseeing more than $600 billion in deposits, Duckett is also spearheading JPMorgan's branch expansion, which since its launch in 2018 has picked up steam: The bank plans to open 400 new. There are times, she says, that she is the angry black woman. Yet she has no choice but to be optimistic, she says, for the future in a country that still struggles with racial divisions. Pets of the Week - Meet Snoopy & Jetta. Within three years, JPMorgan shuffled its retail business by spinning out wealth management and investment services to a new unit under former consumer banking CEO Barry Sommers. Duckett thinks JPMorgan can successfully bridge into these new markets, which represent a $700 billion deposit-growth opportunity, because of the connections the Chase brand has already made. She knows the experience, and consequences, of financial unawareness. Earlier in her career, she was a Director of Emerging Markets at Fannie Mae. Duckett later moved to Los Angeles, where she took on greater roles in account management and fee-guarantee negotiations with banks and investors. Get TED Talks picked just for you. April 4, 2019. CEO, Chase Auto Finance. Its not only on the financial statement: Are you a value-add to the community or just try to make as much money as you can?. There were days when there was only baking soda in the refrigerator. Language links are at the top of the page across from the title. She challenged us to say its great to be profitable and great to be successful, but being successful comes in a lot of shapes and sizes, Deegan says. The goal is to gain 20,000 pledges by the end of October. This is embedded in our business, Duckett says. Images- Facebook. TED Talks. Her father lost his job, and the family relocated from New Jersey to Texas . She was the first female student regent. In this View From The Top interview, Thasunda Brown Duckett, president and CEO of TIAA, recalls her childhood experience moving from New York to Texas in a car packed with everything her parents and two siblings owned and why she knew from a young age that she had the power to make progress. Thasunda Duckett Greenwich native Thasunda Brown Duckett , CEO of Chase Auto Finance, has been named among 100 Leading Women in the North American Auto Industry by Automotive News . Duckett aims to be an influencer, especially among young black women who do not see many females of color in business leadership roles. Insiders trading at Nike Over the last 19 years, insiders at Nike have traded over $3,545,556,127 worth of Nike stock and bought 36,887 units worth $3,016,316 . The Fortune 500 has been without a Black woman CEO since Ursula Burns left Xerox in 2016.. One of Wall Street's highest-profile . After serving as the CEO of Chase Consumer Banking for over four years, it was recently announced that. Thasunda Brown Duckett (born July 22, 1973) is an American businesswoman who serves as the president and chief executive officer (CEO) of TIAA. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Accord to CNN, there have only been 19 Black CEOs of . The executive says her humble upbringing is what inspired her to pursue a career in the financial field. Powered and implemented by Interactive Data Managed Solutions. Will The Cleveland Browns Defensive Overhaul Make A Difference In 2023? Prior to her current role, Duckett, who has a bachelor's degree from the University of Houston and an MBA from the Hankamer School of Business atBaylor University, was the CEO of Chase Auto Finance, SVP for emerging markets and affordable lending, and SVP in home lending. Brown Duckett took the role of TIAA CEO this spring. TIAA Bank has tapped JPMorgan Chase 's head of consumer banking, Thasunda Brown Duckett, to succeed longtime president and CEO, Roger Ferguson, Jr . Her new position is noteworthy for a. The banks top executives, including CEO Jamie Dimon, step out one by one for an early-August ribbon-cutting ceremony for JPMorgans first retail location in the state. In 2021, Thasunda Brown Duckett was named the president and CEO of TIAA, a retirement and financial services company for academic, research, medical and governmental workers. Its all through the lens of her life experience. All rights reserved. TIAA is the first company in Fortune 500 history to have two Black CEOs back-to-back. Despite her success, she and her family continue to face racism. She later moved to Texas with her parents, where she graduated from Sam Houston High School. Terms & Conditions. Duckett draws inspiration from trailblazers before her, who first entered corporate America and creating a path for her.I like to say I am my ancestors wildest dreams, she said. ", Check out:Walgreens new CEO Roz Brewer on bias in the C-suite: When youre a Black woman, you get mistaken a lot, Don't miss:The best credit cards for building credit of 2021, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Additionally she is on the Board of The Robert F. Kennedy Human Rights Foundation. In North Texas, they started over in an apartment using crates as makeshift furniture. She will become the second Black woman CEO to helm a Fortune 500 company currently, following the appointment. All Rights Reserved. Offers may be subject to change without notice. As JPMorgan Chase retail CEO, Ducketts initiatives have included the expansion of digital banking by adding new features to the banks mobile banking app, such as account opening. Andrea Blackstone June 6, 2021 27234. With a personal net worth of $2.7 billion, the mogul, wife and . Learn how and when to remove this template message, "Thasunda Brown Duckett of Chase: 'People Need to Know Who You Are', "Former Student Thasunda Brown Duckett Gifts Kindness Benches to Arlington ISD", "Thasunda Brown Duckett Joins NIKE, Inc. Board of Directors", "Why Thasunda Brown Duckett, TIAA's next CEO, accepted her lowest job offer after college", "Thasunda Brown Duckett on new CEO role at TIAA: 'I have so much gratitude for the shoulders I stand on', https://en.wikipedia.org/w/index.php?title=Thasunda_Duckett&oldid=1148400614, Articles needing additional references from May 2020, All articles needing additional references, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 5 April 2023, at 23:03. She also served as a committee leader for the bank's Women on the Move initiative that works to provide financial education to women, as well as career and business opportunities. They asked her if she would consider joining Chase in a burgeoning area for the bank: an affordable lending/emerging market business in New Jersey. Duckett grew up in a family that faced economic challenges. into a campuswide event. She cares about vulnerable populations, and elderly populations, both the banked and unbanked, said Kaalund, who was a member of Chases corporate and investment bank at the time. Financial services giant TIAA has named Thasunda Brown Duckett to succeed Roger W. Ferguson Jr. as CEO. Under her leadership, TIAA is expanding its mission beyond higher education to all Americans saving for retirement. This week, we're sharing a previous interview with one of my mentors, Thasunda Brown . Duckett, 47, will become chief executive and president of TIAA on May 1, succeeding Roger Ferguson Jr. -- who had previously announced his plans to retire -- the New York-based firm said in a. She holds a Bachelors degree in Finance and Marketing from the University of Houston and an MBA from Baylor University. JPMorgans strategy is to build upon its retail connections with customers in cards, mortgages and wealth management in the Carolinas and other areas where JPMorgan branches have long been absent. Ducketts rise at JPMorgan was swift. Thasunda Brown Duckett Courtesy of TIAA Title President and CEO Affiliation TIAA Country U.S. A year and a half after taking over TIAAwith its nearly $1.2 trillion in assets under. It was during this time, getting her first experience heading a profit-and-loss center for Chase, that she faced her first hurdle one that she herself nearly put in the way. 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After four years as a senior vice president in Jersey, she shifted to a regional post overseeing the banks home lending division. When I think about who influences me, and I talk about this publicly, it is the janitors and the cooks and the secretaries who look like me who first entered corporate America that overtime allowed me to exist. As the president and CEO of TIAA, she has championed efforts to make saving. The West 125th Street location is now a site for regular seminars on household budgeting and small business. There are 19 older and 3 younger executives at Nike. See Thasunda Brown Duckett's compensation, career history, education, & memberships. When Thasunda Brown Duckett took over as president and CEO of financial-services firm TIAA in May 2021, she became just the fourth Black woman to ever lead a Fortune 500 company. The information is out there, but most people dont think its for me., After college Duckett joined Fannie Mae, even though higher-paying offers were coming her way. ", Don't miss:The best credit cards for building credit of 2021, Thasunda Brown Duckett on new CEO role at TIAA: I have so much gratitude for the shoulders I stand on, Walgreens' new CEO Roz Brewer on bias in the C-suite: 'When you're a Black woman, you get mistaken a lot', Ambition is not the problem: Women want the top jobsthey just dont get them, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Her team is in the midst of a five-year plan to add 400 branches in 20 new markets and is now prioritizing physical distancing in light of COVID-19. They moved to an apartment in Arlington, at first using crates as makeshift furniture. The branch expansions have turned 2019 into one of the most consequential of Ducketts three-year tenure as the leader of JPMorgans retail bank services. Perhaps one sign of how things have changed was three years ago, with a gesture Smith made after Duckett was promoted to retail CEO. I chose Fannie Mae because I grew up in the company, she says. Over the last 19 years, insiders at Nike have traded over $3,545,556,127 worth of Nike stock and bought 36,887 units worth $3,016,316 Though Brown had worked hard for decades providing for his family and cutting hair for neighborhood boys, he hadnt delved into the nuances of high corporate finance leadership. Read theTIAA-CREF Individual & Institutional Services, LLC, Statement of Financial ConditionOpens pdf. This new chapter, according toDuckett, will allow her to be at the table and having a voice not just for the business but across the entire firm. Can Artificial Intelligence Ever Achieve Societal-Level Digital Trust? Before stepping into her current role in 2016, she worked as the CEO of Chase Auto Finance, SVP for emerging markets and affordable lending, and SVP of home lending. At Chase, Duckett managed a banking network with more than $600 billion in deposits across 4,900 branches with more than 40,000 employees. In 2018, Duckett was named one of the most powerful women in banking by American Banker magazine. [5]. If you watched the marathon that was the 2023 Masters Tournament on Sunday, you may have noticed that as the camera followed leaders Brooks Koepka and Jon Rahm, Koepkas two-shot lead wasnt the only thing Jon Rahm was nibbling at there on the fairways of Augusta National. Her life changed when she enrolled in a program called Inroads that focuses on getting minorities into a business. Subscribe to The Broadsheet, our newsletter on the worlds most powerful women. After college she joined the government-sponsored enterprise, even though higher-paying offers were coming her way. Duckett is focused on filling the gaps for populations where poverty is pervasive and local needs jobs, investment and education are critically inadequate. Now as TIAA's new CEO, the executive says, "I am extraordinarily grateful for the opportunity to lead a company that has helped millions of people retire with 'enough' to live in dignity and excited about the opportunity to help TIAA chart its next 100 years. The average net worth for single African-American women is $200 while the average for single white women exceeds $15,000. Low oil prices have kept gas prices from matching their 2022 highs, even as gas demand increases heading into the summer. [2], On May 1, 2021, she became the CEO of the Teachers Insurance and Annuity Association of America (TIAA), making her the fourth Black woman in history to serve as a Fortune 500 CEO,[4] and one of two female Black American CEOs to then lead a Fortune 500 company. At corporate events, such as branch openings or her prized financial literacy campaign (Currency Conversations) she helped roll out this year with Essence, Duckett is a main attraction. She is also a former CEO of Chase Consumer Banking, [1] a division of JP Morgan, and a member of the board of directors of Nike . Thasunda Brown Duckett serves as Independent Director of the Company. Thasunda's mailing address filed with the SEC is ONE BOWERMAN DRIVE, , BEAVERTON, OR, 97005. All rights reserved. Thasunda Brown Duckett (born July 22, 1973) is an American businesswoman who serves as the president and chief executive officer (CEO) of TIAA. Terms & Conditions. Ducketts career success has given her family (which includes stay-at-home husband Richard) the financial wherewithal she could only dream of in her own childhood. At the helm of Consumer Banking, she has helped steadily increase earnings ($32.4 million in net income in 2018, or $9.04 per share, up from $24.4 million/$6.35 EPS in 2017) and a rising return on equity (13% last year). The bridge to racial equity starts with financial health Thasunda Brown Duckett President & CEO at TIAA Published Feb 18, 2021 + Follow Over the past year, I've had many conversations with my. Alumna of the Year. "East, West and Southern Africa account for a staggering 66% (US$832 billion) of a global mobile money market valued at US$1.26 trillion. It was a story he first heard nearly a decade ago when both were honorees at an industry function recognizing top African-American achievers under the age of 40. The mission strikes a chord with Duckett, who grew up in a family that faced economic hardship. Thasunda Brown Duckett officially took the helm as the new CEO of TIAA on Saturday, becoming the fourth Black woman ever to head a Fortune 500 company. Duckett serves on the boards of NIKE, Inc., Brex Inc., Robert F. Kennedy Human Rights, Sesame Workshop, National Medal of Honor Museum, Economic Club of New York, the University of Houston Board of Visitors, and the Deans Advisory Board for Baylor Universitys Hankamer School of Business. This is not a nice-to-have. Vi, Yahoo, r en del av Yahoos varumrkesfamilj. Duckett will succeed current TIAA CEO Roger W. Ferguson Jr., who was just one of five Black CEOs in the Fortune 500 prior to Brewer's announcement earlier this year. The bank also opened a branch in Camden, N.J., and in June opened the doors to a remodeled branch in Harlem. As one of the. The Browns struggles did not impede Ducketts education, a priority in her house. Now she's become one of JPMorgan Chase's most visible executives, using the lessons of her past to help guide the bank's massive branch expansion. I felt like, you know what, I can bet on myself. The TIAA group of companies does not provide legal or tax advice. Banks are often viewed with distrust given their history of redlining and abandoning many inner-city neighborhoods. The billionaire 65-year-old leader of JPMorgan the longest-serving CEO at a big Wall Street bank received 1.5 million stock appreciation rights from the firm on Tuesday. She is currently only one of two Black women running a Fortune 500 company, and only the fourth Black woman to ever helm one. Duckett was born and raised in a working-class family, whose breadwinner was a warehouse worker. Ls vr integritetspolicy och cookiepolicy fr att f mer information om hur vi anvnder dina personuppgifter. When Duckett steps into her new role on May 1, she will become the second Black woman to currently lead a Fortune 500 firm, accompanying Walgreens new CEO Rosalind Brewer on the list. Fannie Mae was her entry into the corporate world and she never looked back. I like to say I am my ancestors wildest dreams, she says. Duckett was born in Rochester, New York. Thasunda Duckett. Smiths talk is the cue for the entrance of another top executive into the branch. The two women believe that helping kids learn to manage money is crucial to closing the racial wealth gap. 2023 Forbes Media LLC. Duckett grew up in Texas and lives in Connecticut with her family. The initiative is marshaling resources to promote apprenticeships and post-graduation roles at Chase for black students education opportunities, as well as professional development programs for younger African-American executives recruited through the banks established Advancing Black Leaders program.

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