Thasunda Duckett Explained

Thasunda Brown Duckett (born July 22, 1973) is an American businesswoman who serves as the president and chief executive officer (CEO) of TIAA.^{[1] [2]} She is a former CEO of Chase Consumer Banking,^[3] a division of JPMorgan Chase, and a member of the board of directors of Nike. Duckett is also a member of The Business Council's Executive Committee.^{[4] [5]}

Early life and education

Duckett was born in Rochester, New York. She later moved to Texas with her parents, where she graduated from Sam Houston High School.^[6] She attended the University of Houston, receiving a Bachelor's degree in Finance and Marketing. She enrolled at Baylor University, where she earned an MBA.^[7]

Career

Earlier in her career, Duckett was a Director of Emerging Markets at Fannie Mae, where she led the implementation of national strategies designed to increase homeownership among Black and Hispanic Americans.^[8]

In May 2021, Duckett became the CEO of the Teachers Insurance and Annuity Association of America (TIAA), making her the fourth Black woman in history to serve as a Fortune 500 CEO, and one of two female Black American CEOs to then lead a Fortune 500 company.^[9]

Thasunda joined TIAA after serving as Chief Executive Officer of Chase Consumer Banking, where she oversaw a banking network with more than $600 billion in deposits and 50,000 employees.^[10] Previously, she was the CEO of Chase Auto Finance, one of the leading U.S. providers of auto financing, and National Retail Sales Executive for Chase Mortgage Banking, where she managed 4,000 mortgage bankers.

In 2023, she ranked 34th in Forbes list of "World's 100 most powerful women".^[11] She was ranked 16th on Fortune's list of Most Powerful Women in 2023.^[12]

Board memberships

In addition to Nike, Duckett serves on the boards of Robert F. Kennedy Human Rights, Sesame Workshop, National Medal of Honor Museum, Economic Club of New York, University of Houston Board of Visitors and Dean’s Advisory Board for the Baylor University's Hankamer School of Business. She is a member of the Executive Leadership Council, Delta Sigma Theta Sorority Inc. and Jack and Jill of America.

Personal life

Duckett is married with four children.^[13] She founded and chairs The Otis and Rosie Brown Foundation to continue the legacy of her parents.

Notes and References

1. Web site: Thasunda Brown Duckett . 2024-06-27 . Forbes . en.
2. Web site: staff . CNBC com . 2024-02-28 . Thasunda Brown Duckett . 2024-06-27 . CNBC . en.
3. News: Gelles . David . Thasunda Brown Duckett of Chase: 'People Need to Know Who You Are' . 16 May 2020 . New York Times. 4 April 2019 .
4. Web site: 2024 Commencement Oratrix: Thasunda Brown Duckett Commencement Celebrating Howard University's Graduates . 2024-06-27 . commencement.howard.edu.
5. Web site: Thasunda Brown Duckett . 2024-06-27 . The New Era of Leadership . en-US.
6. Web site: Former Student Thasunda Brown Duckett Gifts Kindness Benches to Arlington ISD . arlingtontx.gov . City of Arlington, Texas . 5 June 2021 . 9 Dec 2019.
7. Thasunda Brown Duckett Joins NIKE, Inc. Board of Directors . 14 November 2019 . Businesswire.
8. Web site: THASUNDA BROWN DUCKETT . 2024-02-14 . Robert F. Kennedy Human Rights.
9. News: Connley . Courtney . 1 Mar 2021 . Why Thasunda Brown Duckett, TIAA's next CEO, accepted her lowest job offer after college . 6 June 2021 . CNBC.
10. Web site: Thasunda Brown Duckett . 2024-06-27 . Inclusive Academy . en.
11. Web site: The World’s Most Powerful Women 2023 . Forbes . en.
12. Web site: Most Powerful Women . . en.
13. News: Connley . Courtney . 26 Feb 2021 . Thasunda Brown Duckett on new CEO role at TIAA: 'I have so much gratitude for the shoulders I stand on' . 5 June 2021 . CNBC.