TIAA — Teachers Insurance and Annuity Association of America — has announced that Thasunda Brown Duckett will become the company’s new CEO, succeeding Roger W. Ferguson Jr. who announced in November 2020 his plans to retire. With her appointment, Duckett will join newly named Walgreen’s CEO Rosalind Brewer as one of only two Black women heading Fortune 500 companies. TIAA ranked No. 9 on The Fair360, formerly DiversityInc Top 50 Companies for Diversity list in 2020.
Duckett will join TIAA on May 1 from JPMorgan Chase, where she was CEO of Chase Consumer Banking, leading a “banking network with more than $600 billion in deposits, 4,900 branches and over 40,000 employees.” In that role, “she undertook Chase’s first major branch expansion in 10 years to add 400 new branches in 20 new markets over five years” — a strategy that is said to have reflected “her commitment to improving the lives of individual customers and local communities by providing more jobs, neighborhood resources and access to financial services.”
In announcing her appointment, TIAA celebrated her successful career and also paid special attention to Duckett’s longtime support of diversity and inclusion efforts.
