Tuesday, May 16, 2017

CEO helps set the diversity compass at TIAA - PHILADELPHIA TRIBUNE

by Robert Traynham
Originally published: May 13, 2017
Publisher: PhiladelphiaTrib.com 

Here’s a name that you may not know but should: Roger Ferguson. He grew up in Washington, D.C., in a middle-class African-American family and is now the president and CEO of TIAA Financial Services, a Fortune 100 organization that manages the retirement accounts of people who work in the research, academic, medical and cultural fields.

With nearly $1 trillion of assets under management and more than 5 million customers, TIAA has been around for nearly 100 years and has a strong track record in promoting diversity. It was the first Fortune 500 company with an African-American CEO: Dr. Clif Wharton, who served from 1987-1993.

In 2008, TIAA tapped Ferguson as CEO; he had previously been the first African-American vice chairman of the U.S. Federal Reserve, and today, he is one of just a handful of African-American CEOs in Corporate America.