TIAA is the First Company in Fortune 500 History to Have Two Black CEOs in a Row

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By Jena McGregor

Retirement and investment management firm TIAA said Thursday that JPMorgan Chase & Co. executive Thasunda Brown Duckett would become its new chief executive and president on May 1, marking the first time a Fortune 500 company has handed the reins directly from one Black chief executive to another.

Duckett becomes the second Black woman to earn a major corner office job this year after Walgreens Boots Alliance in January named Starbucks executive Rosalind “Roz”Brewer as its next CEO.

Duckett will succeed Roger W. Ferguson Jr., one of just four current Black CEOs in the Fortune 500, who had

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