Mellody Hobson’s rise to co-CEO of Ariel Investments, a history-making firm with over $14.9 billion in assets, is a tale of ambition, foresight, and resilience. Meet Mellody Hobson In 1991, as a student at Princeton, Hobson was on the brink of launching her career in the high-stakes world of finance. With offers from major New York City firms in hand, she found herself in a moment of reflection in the basement of the then Woodrow Wilson School. It was then that she made a pivotal decision. “And I thought, ‘What am I
Toni Townes-Whitley officially became CEO of Science Applications International Corp (SAIC) yesterday, making her one of two Black women currently running a Fortune 500 company. SAIC provides engineering, digital, artificial intelligence and mission solutions across the defence, space, civilian and intelligence markets. In May, the company announced Townes-Whitley would take over from Nazzic Keene, who decided to retire Townes-Whitley joined SAIC on June 12 to ensure a seamless transition as CEO-elect. Keene has become Special Executive Advisor to Townes-Whitley and the company until February 2024. Toni Townes-Whitley – The CEO
Walgreens Boots Alliance has announced the departure of its CEO, Rosalind Brewer. According to Bloomberg, Brewer was the sole remaining Black female CEO of an S&P 500 company; the last Black woman to lead an S&P 500 company was Ursula Burns, who left Xerox in 2016. Like many retailers, Walgreens faced challenges this year as the demand for COVID-19 testing and vaccines declined, and retail sales experienced a slowdown. Brewer’s departure is part of the company’s transition into a healthcare company instead of a drugstore. According to CNBC, shares of
