Thasunda Brown Duckett has been named president and CEO of TIAA, and will officially join the company on May 1.
The much-lauded executive has a long list of accomplishments. As CEO of Chase Consumer Banking, she led a banking network with more than $600 billion in deposits, 5,000+ branches, 16,000+ ATMs and 50,000 employees serving 25 million households nationwide.
Before Chase Consumer Banking, Ms. Duckett was the CEO of Chase Auto Finance, and before that, she was national retail sales executive for Chase Mortgage Banking. She also held a vice president role at Fannie Mae from 1996 to 2004.
This appointment makes Ms. Duckett the second Black woman currently leading a Fortune 500 firm, and the fourth Black woman in history to serve as a Fortune 500 CEO.
Ms. Duckett will succeed Roger W. Ferguson, Jr., who had previously announced his intention to retire on March 31. He will remain as CEO until she assumes her new role.
“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.”