The Second black Woman To Be Named Fortune 500 CEO This Year – Thasunda Brown Ducket
BY SAM HE
Financial service giant, Teachers, Insurance and Annuity Association( TIAA) just named Thasunda Brown Ducket as it’s new Chief Executive Officer, bringing the number of women CEOs on the fortune 500 list to 39.
Thasunda Duckett of JP Morgan. Photo Credit: America Banker
Since the inception of fortune 500 companies in 1955, only 60 women has attained the office of the CEO with Ducket making it 61 and the 19th black woman.
Thasunda Brown Ducket, born july 22, 1973, is the current CEO of Chase Consumer Banking, a division of JP Morgan. In addition to her current role in JP Morgan, Ducket is also a member of the Board of Directors of Nike. Thasunda Brown Ducket has a bachelor’s degree from the university of houston and an MBA from Hankamer School of business at Baylor University. She started her career at Fannie Mae in 1996 before joining Chase in 2004.
“I often think about the day my father asked me to help him plan his retirement, and i had to tell him, ‘Dad, your pension is not enough’ said Thasunda in an interview. Now thanks to his works and sacrifices and the support of many others who have guided me through out my life and career. I am blessed to join TIAA, which has paid out over $500 billion of life time income and other benefits since it’s founding in 1918”
Thasunda also used instagram to express gratitude “I have so much gratitude for all the shoulders i stand on, so much gratitude to my entire Chase family who have continue to light up the octagon; so much gratitude to my sisters of Delta Sigma Theta Sorority Inc. I have so much gratitude to my entire sisterhood of women who are so amazing!!! You all know who you are! I am infinitely grateful to my family! Thank you to grandma for being that prayer warrior in her 90’s and still covering me! I have so much gratitude to my brothers who are my rock! I am so grateful for my mum and Dad who are everything to me! And last but not least I have so much gratitude to my husband and my children. You create the space for me to live in my purpose. you all are my Why! I am so blessed and my heart is over flowing with love and gratitude. 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 it’s next 100 years”
- From 2013 – 2016, Ducket was the CEO of Chase Auto Finance. Under her leadership Chase Auto Finance moved from number 27 in the JD Power Dealer Financing Satisfaction Survey to number 1 in Prime and Non – Prime retail credit.
- Before joining JP Morgan Chase, Ducket was a Director of Emerging markets at Fannie Mae, where she led the implementation of National Strategies designed to increase home ownership among African Americans and Hispanics across the country.
- American Banker Magazine named Ducket 7th Most Powerful Women in Banking.
- She was also named to Black Enterprise magazine’s Most Powerful Woman in Corporate america List.