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TIAA is the first company in Fortune 500 history to have two Black CEOs in a row – The Washington Post

The succession marks the first time within the Fortune 500 that a company has handed the reins directly from one Black chief executive to another.



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Duckett will succeed Roger W. Ferguson Jr., one of just four current Black CEOs in the Fortune 500, who had previously announced his retirement. In early February, Merck said CEO Kenneth Frazier, one of those four, would be retiring from the pharmaceutical giant.
The handoff from one Black CEO to another within the Fortune 500 is a notable first that may finally signal the market is recognizing the number of experienced Black executives who have run operational business units of their own.

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