Thasunda Brown Duckett Named President of TIAA

Thasunda Brown Duckett will succeed Roger W. Ferguson, Jr., as TIAA’s president and CEO starting May 1, the company announced last week.

Duckett is currently chief executive officer of consumer banking at JPMorgan Chase. She will become the second Black woman CEO to helm a Fortune 500 company currently, following the appointment last month of Rosalind Brewer to run Walgreens. Before Duckett and Brewer, there had been only one other Fortune 500 Black woman CEO, Ursula Burns who ran Xerox, plus Mary Winston, who served as interim CEO at Bed, Bath & Beyond. Duckett
“Thasunda is widely recognized as an exceptionally dynamic and inspirational leader,” said Ronald L. Thompson, Chairman of the TIAA Board of Trustees. “She brings invaluable experience leading and growing large, complex businesses, setting and executing strategy, improving client experience and attracting and developing talent. Equally important, she is deeply mission-oriented, with values that reflect those of TIAA, including a passion for financial inclusion and empowerment.
Duckett began her career at Fannie Mae, leading affordable housing initiatives for people of color. She holds a B.A. in finance and marketing from the University of Houston and an MBA from the Hankamer School of Business at Baylor University.
“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 Duckett. “Now, thanks to his work and sacrifices and the support of many others who have guided me
throughout my life and career, I am blessed to join TIAA, which has paid out over $500 billion of lifetime income and other benefits since its founding in 1918. 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 its next 100 years.”