SPECIAL EDITION
1O
July / August 2019 Vol. 20 No. 4
TH
Anniversary
www.latinoleaders.com
LATINOS ON
BOARDS OUR BEST REPORT EVER ON THE STATE OF LATINOS AND LATINAS PARTICIPATING ON CORPORATE BOARDS OF F1000 COMPANIES. 14 WITH COLLABORATION AND FOREWORDS FORM
- LATINO CORPORATE DIRECTORS ASSOCIATION’S ESTHER AGUILERA - DIVERSIFIED SEARCH’S VICTOR ARIAS 24
EXCLUSIVE COLLABORATION FROM:
PLUS
BRIAN MOYNIHAN
CURT FARMER
GUILLERMO PERALES
CHAIRMAN & CEO BANK OF AMERICA 94
PRESIDENT & CEO COMERICA BANK 114
12
MORE THAN 200 CORPORATE DIRECTORS LISTED AND SHOWCASED.
PortadaJuly-Aug19.indd 7
18
FOURTH LARGEST FRANCHISEE IN AMERICA
10/29/19 2:13 PM
00LL-HUNTINGTON.indd 2
16/10/19 14:26
00LL-LOWES.indd 2
16/10/19 14:34
CONTENTS
JULY / AUGUST 2019
FOLLOW US LatinoLeadersMagazine
8 COMERICA CORNER- Hector Garcia is Owner and President of HSG, a company that provides full service window cleaning. His story of determination and perseverance also with the story of teamwork.
FOLLOW US @latinoleadersmag FOLLOW US LatinoLeadersMagazine FOLLOW US @LatinoLeadersUS
12 GUILLERMO PERALES- Franchise leader and owner of Sun Holdings, Guillermo Perales, is celebrating the opening of his 1,000th store. He is also celebrating the acquisition of Taco Bueno and, more recently, the acquisition of 51 McAlister’s Delis.
FOLLOW US www.latinoleaders.com
14 BOARDS- Our tenth annual coverage of the Boards industry. This is a collaborative work that features the list of over 230 Latino Board Directors. The list contains the bios of every single Director and detail overview of their service. Latino Leaders also spoke to a few Executive Search Firms to get an idea of the process and the impact of Latino placements in Fortune companies. Search firms like Korn Ferry, Diversified Search and others. It also includes interviews with Board Directors like Linda Chavez, Gerry Lopez, Donna Alvarado, Antonio Carrillo, Aleida Rios and other important Directors. These directors are some of the most important and they spoke to us on the value Latinos bring to Boards. We also include some interview with CEOs that share their perspective on the ideal partnership a CEO and the Board should have.
Guillermo Perales
IN EVERY EDITION 4 PUBLISHERS 6 EDITORS 118 SHAFER’S VAULT 120 CELLAR
Curt Framer
Aleida Rios
2 LATINO LEADERS JULY / AUGUST 2019
02-TOC.indd 2
10/31/19 12:54 PM
00LL-HERBALIFE.indd 2
16/10/19 14:16
PUBLISHERS
Publisher Jorge Ferraez
President and CEO Raul Ferraez
Administrative Director Lawrence Teodoro Editor Sarai Vega svega@latinoleaders.com Business Development Manager Cristina Gonzalez cristina@latinoleaders.com Art Director Fernando Izquierdo Editorial Art & Design Carlos Cuevas Luis Enrique González Moisés Cervantes
WHEN WE EMBARKED in the edition process for our 10th Annual Latinos on Boards issue, we never expected the amount of support and response from all these Directors and their companies. First, we wanted to touch base with them; more than 250 individuals were sent an e-mail asking them for their feedback. Almost half of them responded! Very busy people, with hectic schedules, traveling often, more than 100 took the time to answer questions, share inspirational quotes, confirm their information and even make enthusiastic comments that were deeply appreciated and very motivating. Numerous calls, e-mails and even text messages to Directors, CEO’s, Corporate Communication executives were exchanged in the process. Comments like “Thank you for the work you do.” or “Keep up with these editions that help us all.” were surprisingly received and noted for our own ego. The result is our best ever edition about Latinos serving on Fortune 1000 Corporate Boards. A fantastic collection of stories, backgrounds, visions, leadership styles and wisdom, above all. We need to recognize that our Latino Leaders team made a fantastic job in planning, editing, collecting information, selling and putting together a great edition, which makes us all very proud. We also want to recognize and thank the support of almost 60 corporations that purchased an advertising space to recognize and congratulate their leaders. This support is paramount to our work of identifying, profiling, recognizing and showcasing the success and leadership of all these individuals that are key decision makers and influencers in Corporate America. Without it, we won’t be able to do our job. To all of you; our biggest THANK YOU! We hope you enjoy our work, this edition and the significance that it has for our business community. As usual, this issue has an impressive collection of inspiring stories that need to be told! J&R Ferraez
Human Resources Manager Susana Sanchez Administration and Bookkeeping Claudia García Bejarano Executive Assistant to the Publishers Liliana Morales Digital Media & Design Manager Mia Carrera mcarrera@latinoleaders.com Administrative Assistant & Event Coordinator Paola Aleman paola@latinoleaders.com For advertising inquiries, please call 214-206-9587
Latino Leaders: The National Magazine of the Successful American Latino (ISSN 1529-3998) is published seven times annually by Ferraez Publications of America Corp., 11300 N. Central Expressway, Suite 300, Dallas, TX, 75243, July/August 2019. Subscription rates: In U.S. and possessions, one year $15.00. Checks payable to Ferraez Publications of America, 15443 Knoll Trail, Suite 210, 75248 Dallas, TX, USA. POSTMASTER: Send address changes to Latino Leaders, 15443 Knoll Trail, Suite 210, 75248 Dallas, TX, USA.© 2001 by Ferraez Publications of America Corporation. All rights reserved. No part of this periodical may be reproduced without the consent of Latino Leaders: The National Magazine of the Successful American Latino. The periodical’s name and logo, and the various titles and headings therein, are trademarks of Ferraez Publications of America Corp.
Member of The National Association of Hispanic Publications
Audited by Member of
Jorge Ferraez
Jorge Ferraez
Reg. # 283/01
MEMBER OF SRDS
4 LATINO LEADERS JULY / AUGUST 2019
04 Publishers.indd 4
Latino Leaders The National Magazine of the Successful American Latino 11300 N. Central Expressway, Suite 300, Dallas, TX, 75243 Phone: 214-206-9587 / Fax: (214) 206-4970
30/10/19 11:54
00LL-CHILDRENS.indd 2
28/10/19 17:11
EDITORS
SARAI VEGA EDITOR
Welcome to another edition! I am so glad that you have picked up another great edition of the year! This particular edition is dedicated to the valuable work being done in the BOARDROOMS. This special edition features the list of at least 200 Latino men and women who are part of a boardroom. The amount of effort that went into this list is worth of recognition. Our team gathered everyone’s biography, along with the quotes and list of current board placements. This is the work that is put into this index every single year. Along with this list, this edition also includes remarkable interviews with Board members. Our mission was to understand what happens within these Boards, from their perspective. We look to understand a few things. First, what is the impact of Latinos on boards? What can Latinos bring to the Boards? For those looking to serve on a Board, how should they equip themselves? We also interviewed those that commit to placing more Latino executives on Boards. These headhunting firms are the first ones leading the initiative to create more diverse and inclusive boards. Our team spoke to these top firms to gives us their opinions about the potential Latinos could have for boards and corporates. All in all, Board membership is one of the highest positions of influence one could have inside a corporate or organization. Board Directors are calling the shots from above and the responsibility to carry a corporate lie on their shoulders. But in order for corporates to keep the Latino community in mind, there must be representation at the top. This is what it’s all about- the recognition for those that are at the top and the push to drive more Latino talent to the top. As you look through are stories, keep in the mind that all this is part of a larger picture. We are all a community working together for the benefit of our future.
Happy Reading! Sarai
6 LATINO LEADERS JULY / AUGUST 2019
6 Editors.indd 6
30/10/19 12:17
00LL-CALVERT.indd 2
16/10/19 12:54
COMERICA CORNER
HECTOR GARCIA
HECTOR GARCIA Occupation: President, HSG Window Services
“GOING THE EXTRA MILE FOR OUR CLIENTS IS WHAT HAS MADE US THE GOLD STANDARD OF SERVICE.”
Background: The son of two immigrants from Mexico City, Hector Garcia’s entrepreneurial flame began at a young age. He worked a variety of jobs, from the fast-food business to an orderly position in a hospital, but nothing stood out to him more than a self-made man he met during work one day. The man, who ran a window-washing business, befriended Garcia, eventually selling him what is now known as HSG Window Services. He’s been the President of HSG since 1980 and has proudly served Orange County for nearly 40 years.
O
n a fateful morning in 1980, Hector Garcia purchased a window washing business in Los Angeles. He’d always had an entrepreneurial spirit but could never predict what would come from this once-in-a-lifetime transaction. Nearly 40 years later, Garcia now runs one of the top full-service window maintenance businesses in the country, serving as the gold standard for everything from waterproofing to bird control systems. In 1980, Garcia started small as a one-man business, servicing clients throughout the Los Angeles area. As his company grew, he began to take on more clients, more employees, and larger endeavors; most notably the high-rise buildings his business is renowned for servicing. “At first, we were just doing basic window cleanings. But as I got around to talking to my clients, I began to learn of their other needs. From vinyl repair to bird issues in their buildings, I thought to myself, ‘we’re already up there, why don’t we just go above and beyond? Going the extra mile for our clients is what has made us the gold standard of service”. Garcia, a self-made businessman, prides himself and his business on their camaraderie and customer service. Through the highs and the lows of the business, HSG has banded together like a family of sorts -- helping one another through difficult days on the job while supporting fellow clients and customers in solving their window-related needs. Comerica Bank has been integral to their operation. From credit lines to acquisition insight, HSG’s partnership with the bank has allowed them to expand and achieve never-before-seen growth. “I like to think of my partnership with Comerica like a Formula One race. My business is like the racecar; when we need to stop, repair, and refocus, Comerica is our pit crew. They’re always here to provide us with whatever we need, whenever we need it.” Currently, HSG has two full-service warehouses in Los Angeles and Anaheim, California. With the help of Comerica, they’re able to manage both while keeping their eyes on the prize. In the future, Garcia hopes to see the rise in business and profit he’s witnessed over the last few years. They’ve experienced tremendous growth through 2018; currently, they’re poised to beat the previous year’s numbers, as well. Sharing that success with his team and his family is what has helped Garcia remain ambitious and excited for what the future may hold. Working his way to the top has been no small feat, but thanks to his entrepreneurial spirit and an unrelenting urge to succeed, Garcia has seen his business become the gold standard of window service in Orange County.
8 LATINO LEADERS JULY / AUGUST 2019
ComericaCornerJulyAug.indd 8
10/30/19 5:06 PM
00LL-WHIRLPOOL.indd 2
16/10/19 16:02
DE LA VEGA ON LEADERSHIP
THE POWER OF AGILE CORPORATE CULTURES
I
can’t think of a more potentially disruptive innovation to today’s businesses than the introduction of Artificial Intelligence (AI). It’s bound to be a textbook-case of the disrupt-or-be-disrupted scenario: Companies that embrace AI early on are likely to thrive and disrupt their industries, to the detriment of peers that fail to adapt.
So, why aren’t they?
As much as we’ve all been reading about the disruptive power of AI, you would think that companies would be rushing to implement it into their organizations. Not so. According to the authors of a recent Harvard Business Review article, only about 8% of companies “engage in core practices that support widespread adoption” of AI. How can that be possible? It turns out that one of the biggest challenges in implementing AI is not the technology itself (that is, understanding it, getting everyone trained on it, upgrading your systems, and allocating the capital). Rather, the challenge is the company’s culture.
Too rigid to change
This was a big aha for me: Having a culture that is not agile enough to change and adapt to innovation is more challenging than the new technology itself. In a way, it helps explain the casualties from the recent wave of digital innovation. We can all think of companies that reached the top of their class through innovation and disruption, but later failed to spot and adapt to the next wave. As a result of those miscalculations, several star names disappeared from the market while others had to reinvent themselves entirely under new leadership. You have to ask yourself, how can otherwise smart, well-educated, savvy leaders miss an oncoming disruptive trend? You may argue that just the pressure of beating the competition in next quarter’s results may keep leaders from spotting, much less reacting, to threatening new trends. Most likely, however, it’s lacking a corporate culture that’s agile enough to spot and seize change.
Whose job is it?
Which leads us to the question: Who is in charge of the corporate culture? Without a doubt, the organization’s leaders are in charge of creating and fostering it. But, counterintuitive as it may seem, corporate culture must never be static. It needs to constantly evolve and adapt to the environment in which it operates. And that’s where the guidance and oversight of the board of directors comes in. With their insights from other lines of business, experiences from running or having run successful operations, and their track record in spotting and navigating new trends, board members can guide leaders in creating and nurturing a corporate culture that’s agile enough to embrace, rather than fear, change. Members of corporate boards also have the privilege of perspective. Consequently, they are able to spot misalignments between the company’s objectives and its strategies (including the type of corporate culture) and provide guidance to the leaders so they can make the necessary adjustments.
Diverse boards, agile culture
It stands to reason, then, that a diverse board would be more able to spot such misalignments. By “diverse” I mean not just gender, age, and ethnicity. I mean different ways of thinking, different approaches to entrepreneurship, and different levels of risk-taking, among others.
The power of diverse boards
Those are the types of diverse board inputs that can help company leaders foster a culture that accepts dramatic change and is excited by the prospect of it. We’re entering unchartered territory. We’re in a mode of discovery as we head for a future we can barely begin to grasp. The companies that will survive and thrive in a world largely driven by AI and other innovastions are those that possess an agile culture and a diverse board. A board that includes leaders such as those featured in this issue of Latino Leaders. My congratulations to the companies that had the wisdom to appoint them to their boards, and to the individuals themselves for their role in helping American corporations stay agile in a changing world. Ralph
“Building the AI-Powered Organization,” by Tim Fountaine, Brian McCarthy, and Tamim Saleh. Harvard Business Review, July-August 2019
10 LATINO LEADERS JULY / AUGUST 2019
Ralph.indd 10
10/30/19 5:24 PM
00LL-HERSHEY.indd 2
16/10/19 14:21
BUSINESS
STORE # 1000 Sun Holdings CEO, Guillermo Perales, celebrates the opening of his 1,000th location and shares his plans for his recent acquisition, Taco Bueno. Luis E. González
FOLLOW US @latinoleadersmag FOLLOW US LatinoLeadersMagazine FOLLOW US www.latinoleaders.com
S
un Holdings CEO, Guillermo Perales is one entrepreneur that has hit the ground running. Born and raised in Mexico City. Alumnus from Tecnologico de Monterrey. Perales moved to the US having recently graduated and began to work for Maseca, corn flour and tortilla manufacturer. Throughout his time at Maseca Perales began looking to the other side of the business. Since Maseca sold directly to restaurant chains, Perales was able to catch a glimpse of the ins and outs of the franchise business. To begin his venture into franchise, Perales managed to convince Golden Corral to give him the Mexico market. Mexico then experienced a downfall in the economy and politics, and Perales decided to move his business to Dallas. After settling in Dallas and with five Golden Corral permissions, he dived into serious work. In 1997, he opened his first Golden Corral restaurant. Burger King and Popeyes came after. In the following years, his franchise business began growing exponentially. But it takes a certain something and someone to understand how the franchise business works. For Perales, he had to understand the economic asset for each of the brands. “Knowing that information gives you the opportunity to demand,” says Perales. “Knowing the numbers and having someone who is supervising, working within the brand and who is dedicated to the brand.” When it comes to selecting his next brand, Perales takes it slow. He has a certain way of thinking when it’s time to decide. “You have to have a brand that
you know is successful or is going to be successful.” He recalls how everyone once raved about Popeyes and their food, and for the past 20 years, Popeyes has always been a restaurant that has produced effectively in favor of Perales. So understanding the business, the market, the numbers, and the people is one of the most important elements when it comes to growing your franchise. Another important factor of the business is knowing how to have a good relationship with the franchisor. “Part of my job is to always put out fires. There is always something going on inside the restaurants.” Perales considers it such a critical partnership in the strength and development of the brand. All in all, for Perales it has been a bumpy road to success. “The constant battle everywhere for a chance to grow and to have the opportunity is hard.” That hasn’t stopped him. As a minority, discrimination is something quite common, but this has only pushed Perales to get creative with solutions. Perales’ company, Sun Holdings, also owns Taco Bueno and plans to completely restructure the brand. The purchase was finalized in the beginning of 2019. Perales and team plan to create a new prototype for Taco Bueno. The plan is to remodel locations, enhance customer service and menu, and increase brand initiatives. Just recently, Perales sealed the deal for the acquisition of 51 McAlister’s Delis. To date, Perales and Sun Holdings operate 1000 locations, making him the third largest franchisee in the country.
12 LATINO LEADERS JULY / AUGUST 2019
12-GUILLERMO PERALES.indd 12
10/31/19 12:56 PM
00LL-DELTA.indd 2
23/10/19 16:27
LATINOS ON BOARDS
10TH ANNUAL LATINOS ON BOARDS This year marks our 10th year covering the practice of Board service. As part of this great milestone we decided to multiply our efforts in the inclusion of many Latino board members as possible. Part of our research process is to conduct a thorough outreach of all corporates possible to scout for Latino leadership. This year we’ve included over 200 Latino board members- the most we’ve ever had. In this coverage, we had the collaboration of some of the top executive search firms in the country, like Diversified Search. Along this dynamic partnership, we also had an amazing contribution from the Latino Corporate Directors Association (LCDA). As each year, we celebrate and applaud the leadership already in place. We tell the stories. We talk about their goals. But the other half of this mission is to continue the conversation of placement. Ultimately, our goal and mission is to give our readers the resources to become leaders. We asked this year’s featured board members…
How do we equip ourselves to be future candidates for a board position? Who do we need to connect with? What can I do right now to further the conversation of diversity in boardrooms? What are the requirements? How can I stand out to be placed in board services? 14 LATINO LEADERS JULY / AUGUST 2019
BOARDS INTRO.indd 14
31/10/19 10:30
00LL-BANK OF AMERICA.indd 2
16/10/19 12:48
00LL-ATAX.indd 2
28/10/19 16:46
00LL-WR BERKLEY.indd 2
16/10/19 16:04
LATINOS ON BOARDS
LATINO CORPORATE DIRECTORS ASSOCIATION
ADVANCING LATINOS ON BOARDS: THE ROLE OF LCDA A FOREWORD BY ESTHER AGUILERA, PRESIDENT & CEO
I
Luis E. González
am pleased to launch TRENDING TOPICS in the boardroom as part of a partnership between the Latino Corporate Directors Association (LCDA) and Latino Leaders magazine. There has never been a better time for a feature like this, that celebrates the talented Latinos and Latinas who represent the highest reaches of corporate leadership in our country. And there has never been a better time to highlight the need for more diversity in America’s boardroom. This column is designed to keep you apprised of the latest governance trends in corporate America. This first issue focuses on the growing momentum for diversity in corporate boardroom, fueled by a push by large institutional investors like BlackRock, Vanguard, State Street, and state pension funds like Service Employees International Union (SEIU) and the California Public Employees’ Retirement System (CalPERS). These investors are leveraging the proxy season, shareholder resolutions, and are writing letters to companies that lack gender diversity. Why is this important to investors? It’s about shareholder value and the bottom line. There’s a growing body of research that has demonstrated the correlation between board diversity that is inclusive of gender, race, and ethnicity, and corporate financial performance. According to the 2018 McKinsey study, ”Delivering Through Diversity,” companies in the top quarter for racial and ethnic diversity are 33 percent more likely to have financial returns above their respective national industry medians. Diversity also helps boards avoid “group think” and leads to more informed decision making. While Latinos represent the fastest growing segment of customers and employees of today and tomorrow, a vast majority of the largest corpora-
18 LATINO LEADERS JULY / AUGUST 2019
18-19-LCDA.indd 18
10/29/19 1:06 PM
ESTHER AGUILERA • Esther Aguilera is the President and CEO of the Latino Corporate Directors Association (LCDA) and the Latino Corporate Directors Education Foundation (LCDEF). She is recognized as a social entrepreneur and turnaround specialist leading scale-up, innovative change, and managing high performance teams. She brings a 25-year record of success executing strategic business plans to drive organizational effectiveness, growth, and impact. Previous positions include leading the Congressional Hispanic Caucus Initiative (CHCI) for 11 years as its President * CEO, Principal at the Dewey Square Group, Senior Advisor to the Secretary of the U.S. Department of Energy, Executive and Legislative Director of the Congressional Hispanic Caucus (CHC), and Policy Analyst at the National Council of La Raza. She has a Bachelor of Arts in Public Policy from Occidental College and completed the Harvard Corporate Governance Executive Program in 2005
tions lack Latinos at the highest levels of corporate governance. LCDA tracking of Fortune 1000 companies shows that 75 percent lack a single Latino or Latina director. LCDA has partnered with the Institutional Shareholder Services (ISS – the largest proxy advisory firm) to compile and track the representation of Latinos in the boardroom. Jointly with ISS, we recently released new data on the board composition of S&P 1500 companies over the past ten years. What’s troubling is that the data confirms what we already know, Latinos are the group least represented in the boardroom. This poor representation is far below Latinos’ size of the population and economic clout. The fact is, Latinos account for the vast majority of the growth in the US workforce, approximately 74 percent of the 10.5 million workers to be added to the labor force through 2020. Latinos are also driving consumption. The US Latino gross domestic product (GDP) represents a whopping $2.13 trillion. While their consumer clout is increasing, the appointment of Latinos among new directors is actually decreasing. In 2018, the number of Latino directors was 4 percent, down from 6
ABOUT LCDA The Latino Corporate Directors Association (LCDA) is the only association made up of U.S. Latinos that serve on publicly traded and large private company boards. LCDA gathers accomplished U.S. Latinos and Latinas at the highest level of corporate leadership behind a critical mission: to increase the number and influence of qualified U.S. Latinos on corporate boards. Along with its affiliated Latino Corporate Directors Education Foundation (LCDEF), a 501c3 organization, LCDA’s programs focus on three strategy areas to promote Latino inclusion at the highest levels of corporate governance: Grow the Supply: Provide programs designed to identify, prepare, and grow the pool of Latino board-qualified candidates. Grow the Demand: Work with strategic partners and influencers to increase opportunities for a greater number of talented Latinos to serve on corporate boards. Raise Awareness: Convene directors and leading authorities to promote excellence in corporate governance and promote thought leadership on board diversity. Learn more at www.latinocorporatedirectors.org
percent in 2017, according to Heidrick and Struggles. The first step in addressing this problem is exposing it. In June, LCDA testified at a House Financial Services Committee hearing on increasing board diversity. The Committee passed, on a bipartisan basis, the “Improving Corporate Governance Through Diversity Act of 2019” which promoted transparency and disclosure on the gender, race, ethnic, and veteran composition on boards. This bill is
a step in the right direction because our data and tracking is incomplete without disclosure. Never before have we had this level of attention…and action…on this topic. These advancements speak to the timeliness of LCDA’s work Over the past ten years Latino Leaders magazine has showcased Latino corporate directors and the largest corporations in America where Latinos are at the table. Thank you, Jorge, for your leadership and for this partnership. JULY / AUGUST 2019 LATINO LEADERS 19
18-19-LCDA.indd 19
10/29/19 1:06 PM
LATINOS ON BOARDS
KORN FERRY'S HISPANIC BOARD PLACEMENTS REPORT Korn Ferry is a firm that has placed executives and board members in some of the top producing corporations. Korn Ferry is committed to placing Latinos in boards to further diversity efforts. From 2014 to 2018, Korn Ferry has placed 22 Latinos on boards. Below is a complete summary of the placements. KORN FERRY HISPANIC BOARD PLACEMENTS (2014-2018) - 22 Placement
Company
Year
Placement’s Company
Placement Position
Adalio Sanchez
Quantum Corporation
2018
Lenovo
SVP, Enterprise Systems
Geraldo Lopez
Realty Income Corp.
2018
High Bluff Capital Partners
Partner
Juan Garcia
Wounded Warrior Project
2018
Amazon.com
Global Leader for Career Advancement
Shelly Esque
California Water Service Co.
2018
Intel
Former VP. Legal & Corporate Affairs
Carmen Bauza
Elliott Management Corp.
2018
HSN, Inc,
EVP, Chief Merchandising Officer
Carlos Gutierrez
Price Waterhouse Coopers
2017
Albright Stonebridge Group
Co-Chairman
Julio Quintana
Basic Energy Services
2017
Tesco Corp.
Former Chief Executive Officer
Luis Ubinas
Boston Private Holdings
2017
Ford Foundation
President
Andres A. Lopez
Avery Denison
2017
Owens Illinois
Chief Executive Officer
Michael Camunez
Edison International
2017
Manatt-Jones Global Strategies
Chief Executive Officer
Mario Longo Filho
ITT Corporation
2017
U.S. Steel
Chief Executive Officer
Angel Martinez
Korn Ferry
2017
Decker’s Outdoor
Former Chairman & CEO
Ellen Ochoa
Mutual of America
2017
NASA Johnson Space Center
Former Deputy Director
Jacquelin Fernandez
Nationwide Insurance
2017
Deloitte & Touche
Partner, Consumer & Retail Services
Andre Fernandez
Buffalo Wild Wings
2016
CBS Radio Networks
President
Eduardo Conrado
ArcBest Corp.
2016
Motorola Solutions
EVP, Chief Strategy & Innovation Officer
Martha Bejar
Century Link
2016
Flow Mobile d
Former Chief Executive Officer
Louis Hernandez
Edison International
2016
Avid Technologies
Chief Executive Officer
Ramon Baez
Kaiser Foundation Health Plan
2016
HP, Inc.
SVP & CIO
Adalio Sanchez
ACI Worldwide
2015
Lenovo
SVP, Enterprise Systems
Jose Luis Prado
Brinker International
2015
PepsiCo
NA President, Quaker Oats
Cesar Conde
Owens Corning
2014
NBC Universal Media
Executive Vice President
20 LATINO LEADERS JULY / AUGUST 2019
KornFerry.indd 20
10/31/19 2:48 PM
00LL-AECOM.indd 2
16/10/19 12:28
LATINOS ON BOARDS
TRANSFORMING THE SEARCH Ron Lumbra of Heidrick & Struggles, is part of team that has taken action in placing diversity at the top of their list.
www.heidrick.com
LATINO LEADERS: What trends do you see currently on Board Diversity? RON LUMBRA: We are seeing great demand from clients for diversity in the boardroom. It has been quite refreshing to hear diversity as one of the top priorities for boards and senior C-suite leaders today. I think the recent shift in headlines we have seen this year, such as the recent California legislation for Boards and #MeToo have raised a great deal of awareness and is driving meaningful change in the boardroom. It might be slower than we like, but we see the tides shifting. Boards with a focus on diversity have a substantial competitive differentiator when it comes to attracting and retaining top talent.
LL: On the side of your clients, what are they most interested in when it comes to fulfill Board seats? Is Latino diversity on the table? RL: Our clients are most interested in building a board with top global talent that has the right combination of expertise to drive growth and purpose for company into the future. Latino talent is consistently part of the conversation, we often hear from our clients that they want to have their customer and employee base reflected within the boardroom. In fact, in our 2019 U.S. Board Monitor, which is an annual study of the trends in non-executive director appointments on Fortune 500 Boards, we saw that 23% of new board seats were filled by ethnic minorities (African-Americans, Asians/Asian-Americans, and Hispanics), up from 14% in 2009. Progress is slow but, improving.
LL: What are the benefits you see of having a diverse Board? RL: With a more diverse workforce around the world today there are a variety of valuable benefits to having that carry over into the boardroom – including different orientations and broadened perspectives – which helps boards better anticipate and manage risks and helps directors better understand and think more creatively about key company stakeholders and strategic needs for the company’s future. LL: Could you share some insights from your Board practice? RL: As a firm, Heidrick & Struggles was the first executive search firm to make a global commitment to diversity. Last November, Heidrick announced that on an annual basis at least half of its cumulative slate of initial board candidates presented to clients will be diverse, reaffirming a commitment to promoting diversity in board of director searches globally. This was developed in collaboration with Stanford’s Rock Center for Corporate Governance, Heidrick & Struggles’ pledge is designed to increase the number of women and members of underrepresented groups considered by boards. Since that time, we have indeed seen Boards all over the world be more intentional and purposeful when it comes to insisting on diverse candidate slates and seeking diverse leaders to fill their new board seats. We have found that intentionality is a key part of change. And there has to be a commitment to open-mindedness and creating a purposeful plan for finding and considering candidates from diverse backgrounds. But it can work. Last year, 57% of Heidrick & Struggles’ board placements in North America were diverse – this underscores that there isn’t a shortage of diverse and qualified candidates. At Heidrick, it is our belief that strategic intent, coupled with purposefully expanding the definitions of the requirements for successful board directors, can go a long way to achieving more diversity at the board level.
22 LATINO LEADERS JULY / AUGUST 2019
RonLumbra.indd 22
10/30/19 5:18 PM
00LL-TRACTOR SUPPLY.indd 2
16/10/19 16:10
LATINOS ON BOARDS
VICTOR ARIAS JR.
THE MISSING PIECES:
LATINOS IN THE BOARDROOM Corporate boardrooms have seen a lot of changes in recent years. There’s been a strong focus on boards taking responsibility for the larger corporate enterprise, including issues that may seem out of the board’s control, such as the increasingly high-profile issue of social purpose.
I
Victor Arias, Jr. *
t really shouldn’t come as much of a surprise. This is in line with a focus on gender equity (heightened by the #MeToo movement), including more corporate board seats and more equitable compensation for female executives. There’s also pressure from proxy advisors and institutional investors for more clarity on the diversity of boards, including very specific disclosures on ethnic makeup, continued board effectiveness/refreshment, and
increasingly common discussions regarding ESG (environmental, social, governance) issues. But for Latinos, the more things change, the more they… don’t. Despite a bevy of new statistics that highlight the important contributions Latinos make to both the U.S. economy and society, there has been little to no improvement of notable representation by Latinos on America’s corporate boards. A recent survey by Diversified Search (featuring com-
24 LATINO LEADERS JULY / AUGUST 2019
VictorArias.indd 24
10/29/19 2:18 PM
Latino Directors Chart 2019 Total Seats Total Hispanic Percent Hispanic
Total Hispanic Female
Corps Lacking Latinos
Percentage
Fortune 500 2011 5,493 2016 5,360 2017 5,345 2018 5,670
NA 35 43 46
338 379 367 347
68 76 73 69
119 142 152 174
2.2 2.6 2.8 2.8
Fortune 1000 2011 10,250 164 1.6 NA 870 2016 9,868 228 2.3 60 826 2017 9,966 243 2.4 79 799 2018 10,166 275 2.7 86 769
parisons from 2017 to mid-year 2019) of Fortune 500 and Fortune 1000 companies shows that the number of total seats in the Fortune 500 held by Latinos has remained largely flat, at 2.8%. (“Latinos” are defined as those that are U.S.-born, or self-identify as Latino if born in another country of origin.) The good news? The total number of board seats occupied by Latinx people has increased by 14% during that period. The bad news is that the figure has not kept pace with the commensurate increase in overall Fortune 500 seats. One bright spot: the number of Fortune 500 companies without any Latino directors has declined from 73% to 69%. But that’s still a surprisingly large, and frankly distressing, number. The Fortune 1000 representation numbers show some improvement in the overall increase of 32 net seats, or 2.7%, slightly lower than the Fortune 500 rate of 2.8%. The number of Fortune 1000 companies without a single Latino director has similarly dropped, from 799 to 769 companies. While Latina directors increased from 79 to 86 in the Fortune 1000, the numbers still lag the impact of the overall growth rate of female directors on such boards. Women now represent about 24% of Fortune 1000 seats, a noticeable improvement in just a few years. Latinas represent less than 1% of corporate directors. Some overall trends for all corporate directors are notable. First-time directors (those who have not previously served on a corporate board) continue to be a positive trend for all corporate directors. Of the 22 net Fortune 500 new director seats for Latinos, 15, or 68%, were first-time directors. This is evidence that corporate boards continue to show openness to board refreshment and non-CEO candidates. Additionally, the ever-present need for cybersecurity experts trends
87 83 80 77
favorably for Latinx CIOs and CTOs who have recently been elected to corporate boards; that bodes well for future elections. Finally, there is a strong and pragmatic reason for an increasing focus on getting more Latinx representation on corporate boards: the Latino consumer is the fastest-growing segment of the business-to-consumer economy. You can’t understand your growing customer base if no one from that base is in the room during top-level decision-making. While Latino representation on boards remains very much a work in progress, it may be helped by current governance trends. In addition to the openness to first-time directors and non-CEO candidates, the growing importance of ESG may bolster the inclusion of more Latino candidates into the board pool. And continued demand for gender representation may hopefully lead to more Latino elections. Why? There seems to be a correlation for companies that the more women they elect to their boards, the more likely they are to add minority directors, including Latinx people, as well. Representation of Latino directors has not kept pace with increases in net board seats and the growing representation of women on boards. Continued demand for diversity, especially Latinos and Latinas, will hopefully lead to more proportionate representation on corporate boards. In the interim, the Latino Corporate Directors Association (LCDA) and publications like Latino Leaders will continue to be critical in advocating and making the business case for more Latinx representation on corporate boards to nominating/governance committees, and to influencers such as search firms. At Diversified Search, we remain committed to continuing to place diverse individuals--including more women and Latinos—to allow America’s boards to reflect America itself.
*Based in Dallas-Fort Worth, Victor Arias is a Managing Director at Diversified Search, ranked by Forbes as one of the country’s top ten executive search firms. A search executive with extensive experience placing Latinx candidates on boards, he is also the co-leader of the firm’s Consumer and Retail practice. JULY / AUGUST 2019 LATINO LEADERS 25
VictorArias.indd 25
10/29/19 2:18 PM
LATINOS ON BOARDS
THE 2019 LIST
LATINOS ON
BOARDS THE 2019 LIST
CORPORATE AMERICA still is a major engine of our Country. It impacts trillions of Dollars, millions of jobs, millions of consumers and it goes well beyond our borders, leaving an impact at the global scene. Recent trends in corporate philosophies, well discussed in these pages by some of our invited collaborators and featured interviews are pushing Corporate America on different directions, one of these: become more inclusive. Although many would say this corporate world is still not inclusive and diversified enough, we are very proud of the individuals that are part of this world today, because they are opening the doors and paving the way for others to come. In the following pages, you will find a list of 224 Individuals that identify themselves as Latino, that serve on a corporate board on a public or private company within the parameter of the Fortune 1000 index. They are outstanding leaders, admired, followed, revered by their corporations and doing a very relevant job: working on the success and efficiency of their boards. This means helping the company to be more successful. Each of them has mastered the job of being a Director and are key influencers on the direction of the companies they serve on. Some of them shared with us their stories, enthusiasm and a quote with their philosophies and visions. This is the part that makes them human. This group of Directors is a snapshot of the Latino influence in Corporate America today.
How to read a profile
PERSONAL INFORMATION BOARDS INFORMATION
QUOTE
Boards
F1000 INDEX NUMBER
IntroLista.indd 26
BIO
Da Vita (179), Performance Health, John Hopkins Medicine, Georgetown Law, Kindred Healthcare (416)
JULY / AUGUST 2019 LATINO LEADERS 26
10/29/19 2:20 PM
00LL-PNC.indd 2
16/10/19 15:10
LATINOS ON BOARDS THE 2019 LIST
Age: 53 Dallas TX
ARCILIA ACOSTA CEO Carcon Industries/STL Engineers Boards
“Beauty is derived from the inside, from the heart, and from the actions that you take. It radiates in every aspect of your life. It is about having authentic power or the kind that can never be taken from you..... it is when your personality comes to serve the energy of your soul. “
Recognized business woman and leader in the Energy, Construction and Infrastructure business. CEO and Owner of CARCON Industries & Construction and Founder of STL Engineers. Recognized as one of the “Most Influential and Powerful Women in Texas” by Texas Diversity Magazine.She was honored in May 2018 with the “MAURA Women Helping Women Award” and in July 2018 she was named “Woman of Distinction” to be honored in November of 2018. In 2014, she was inducted into the National Women’s Business Hall of Fame.
Legacy Texas Financial Holdings, Magnolia Oil & Gas, One Gas Inc.
Age: 62 North Carolina
FERNANDO AGUIRRE Owner & CEO Erie SeaWolves Boards
"Life is short. Do everything you want to do while you can. There is no time for anything else, particularly after you die.", "Attitude is everything. Timing is everything else."
Synchrony Financial (173), CVS Health (7), Barry Callebaut, Aetna (49),
He served as CEO of Yowie, a global brand licensing company specializing in the development of Yowie character children's consumer products. Alfonso was President, International, of The Hershey Company, the largest producer of quality chocolate in North America, from April 2013 until his retirement in June 2015. He joined Hershey in July 2006, initially serving as Vice President, Finance and Planning, U.S. Commercial Group from July 2006 to October 2006, and then serving as Vice President, Finance and Planning, North American Commercial Group from October 2006 to July 2007. Before joining Hershey, Alfonso held a variety of finance positions at Cadbury Schweppes, a producer of soft drinks and premium beverages, most recently serving as Executive Vice President Finance and Chief Financial Officer of Cadbury Schweppes Americas Beverages from March 2005 to July 2006 and Vice President Finance, Global Supply Chain from May 2003 to March 2005. Prior to that, Alfonso held a number of senior financial positions at Pfizer, Inc.
Age: 61
HUMBERTO "BERT" ALFONSO Retired CEO, Global, of Yowie Group Ltd Boards
Chairman & CEO of Chiquita Brands International for almost 9 years between 2004 and 2012, at the time a Fortune 500 global public company. He is partial owner of the Cincinnati Reds and very involved in philanthropic work for the Juvenile Diabetes Research Foundation. He uses his experience as a global business executive and leadership expert to speak publicly and provide advisory services on leadership, strategy, communication, marketing, branding, governance, and social media. Honored with the Hispanic Heritage Leadership Award by the NFL.
Eastman Chemical (310)
Age: 57 Illinois
Named chairman, president and chief executive officer of Baxter in January 2016. He is now leading the company through a period of dynamic transformation powered by accelerated innovation, operational excellence and strategic execution. He has more than 25 years of experience in health care, including medical devices, consumer health products, surgical instruments and biopharmaceuticals. A native of Brazil, Almeida received a bachelor's of science degree in mechanical engineering from Instituto Mauá de Tecnologia.
JOSE "JOE" E. ALMEIDA President & CEO Baxter International LATINO LEADERS JULY / AUGUST 2019
Boards
28
Wallgreens Boots Alliance (19), Baxter (283)
Age: 70 Florida
DONNA M. ALVARADO Founder and President of Aguila International Boards
My father taught us that in this country, the great privilege was that we could achieve any dream with a good education and willingness to work hard.
Previously, Alvarado served as President and Chief Executive Officer of a global educational publishing company from 1989-1993. She has served on corporate boards in the manufacturing, banking, transportation, and services industries. She has also led state and national workforce policy boards. Alvarado previously served as Chairwoman of the Ohio Board of Regents. Following executive and legislative staff appointments at the U.S. Department of Defense and in the U.S. Congress, She was appointed by President Ronald Reagan to lead the federal agency ACTION, the nation's premier agency for civic engagement and volunteerism, a position which she held from 1985-1989.
CSX (265), CoreCivic Inc., Park National Corp.
Board Members 2019-REGULAR.indd 28
28/10/19 14:41
JOE ALVARADO Former Chairman and CEO Commercial Metals Co. Boards
"my parents set the example for me to follow. Their initiative and work ethic demonstrated that the son of a laborer in a factory can become the CEO of a company".
He is the former Chairman, President and Chief Executive Officer of Commercial Metals Company, a Fortune 500 global metals firm, which under his leadership was active in recycling, manufacturing, fabricating and trading. Alvardo received his master’s degree in Business Administration, Finance from the SC Johnson Graduate School of Management at Cornell University and a Bachelor of Arts degree in Economics from the University of Notre Dame.
THE 2019 LIST
Dallas, TX
PNC Financial Services (166), Kennametal (944), Trinseo, Arcosa
Age: 65
Elected a director in July 2018. Canida is currently serving as a Principal and Portfolio Manager of Cito Capital Group, LLC, a position she has held since 2016. Canida served in various capacities with Taplin, Canida & Habacht LLC, including as Chairperson from 2015 until 2016, President from 2008 until 2015, and President, Managing Principal, and Chief Compliance Officer from 1985 until 2008. Tere Canida served as a member of the Board of Directors of Infinity Property and Casualty Corporation from May 2009 until the company was acquired by Kemper in July 2018.
Miami, FL
TERE ALVAREZ CANIDA Principal & Portfolio Manager, Sito Capital Boards
LATINOS ON BOARDS
Age:
Kemper Corporation (790), Infinity Property & Casualty
Age: 69 California
AIDA ALVAREZ Former Administrator SBA Boards
Know yourself. Believe in yourself. Be determined. Never give up. Work hard. Stay focused. Take chances. Challenge yourself. Seek mentors and sponsors. Give back to your community
Shehas had a successful career as a journalist, investment banker and public servant. She was the first Latino woman to hold a U.S. cabinet-level position as the administrator of the Small Business Administration during Bill Clinton's presidency. Aida entered the Clinton administration as the first director of the Office of Federal Housing Enterprise Oversight. She also has more than a decade of experience in corporate finance, working as a vice president of Public Finance for both Bear Stearns and First Boston.
HP Inc (58), K12 Inc, Oportun Inc, Fastly Inc.
Age: 56 Boston, MA
JOSE B. ALVAREZ CEO of Proinfra United Rentals (424)
Age: Miami, FL
CESAR ALVAREZ Chairman Greenberg Traurig Boards
Watsco (575), Mednax (670)
Board Members 2019-REGULAR.indd 29
Alvarez is a Senior Chairman of the international law firm of Greenberg Traurig. He previously served as the firm’s Executive Chairman for more than three years and as its Chief Executive Officer for 13 years. Alvarez also serves on the Board of Directors of Fairholme Funds, Inc., Intrexon Corporation, St. Joe Company and Watsco, Inc. He has also served on the Board of Directors of Sears Holdings Corporation from January 2013 until May 2017.
LATINO LEADERS JULY / AUGUST 2019
Boards
José has over 15 years experience in market research and other marketing related endeavors for the supermarket industry. He served as the Chief Executive Officer and President of The Stop & Shop Supermarket Company. Jose has been on the faculty of the Harvard Business School since February 2009. Most recently, he was the executive vice president—global business development for Royal Ahold NV, one of the world’s largest grocery retailers.MBA degree from the University of Chicago Graduate School of Business and an AB degree from Princeton.
29
28/10/19 14:41
LATINOS ON BOARDS THE 2019 LIST
Age: San Francisco, CA
GIANNELLA ALVAREZ CEO Banitos Inc. Boards
Domtar (517)
Age: 61 Puerto Rico
IGNACIO ALVAREZ President and Chief Executive Officer of Popular, Inc. Boards
Chief Executive officer of Beanitos, Inc., a privately held leader in bean-based snacking, headquarted in Austin, Texas. She served until January 2018 as Chief Executive Officer of Harmless Harvest, Inc. She held the position of Executive Vice President and General Manager of the Pet Business unit at Del Monte Corporation. From 2011 to 2013, she served as Group President and Chief Executive Officer for Barilla Americas, where she was responsible for North, Central and South America’s operations of Barilla S.p.A., a global food and beverages company headquartered in Parma, Italy. From 2006 to 2010, she held senior global management positions with The Coca-Cola Company. Prior to that, she held a number of increasingly senior positions in marketing and general management with Kimberly-Clark Corporation and Procter & Gamble in the United States and Latin America.
Alvarez has been President and Chief Excecutive Officer of Popular, Inc. since July 1st, 2017. Prior to this appointment he served as President and Chief Operating Officer. Previously, served as Executive Vice President and Chief Legal Officer. Before this, he was one of the six founding partners of the law firm Pietrantoni Mendez & Alvarez LLP. Recognized by Chambers Global as “one of the best lawyers in Puerto Rico,” Alvarez was an integral part of the firm’s success for 18 years.. Alvarez was born in Havana, Cuba in 1958; graduated from Georgetown University, Magna Cum Laude, 1980; Harvard Law School J.D., Cum Laude, 1983; and admitted to the Bar in Florida and Puerto Rico in 1983. He has been a member of the Board of Regents of Georgetown University since October 2008.
Popular (924)
Age: 63 Boston, MA
RALPH ALVAREZ Operating Partner Advent International Boards
Lowe's (40), Eli Lilly (129)
Age: 67 Detroit, MI
LIZABETH ARDISANA Owner & CEO ASG Rennaissance LLC LATINO LEADERS JULY / AUGUST 2019
Boards
30
Alvarez joined Advent International Corporation in July 2017 as an operating partner. retired as president and chief operating officer of McDonald’s Corporation in 2009. Prior to joining McDonald’s in 1994, he held leadership positions at Burger King Corporation and Wendy’s International, Inc. He held a variety of leadership roles throughout his career, including chief operations officer and president of the central division, both with McDonald’s USA.Bachelor's Degree in Business Administration from the University of Miami in Florida where he Graduated Cum Laude.
Huntington Bancshares (544)
ASG Renaissance is a technical and communication services firm with offices in MI, CA, SC and Canada. It has more than 23 years of experience providing services to clients in the automotive, environmental, defense, construction, healthcare, banking, and education sectors. Ardisana is also CEO of Performance Driven Workforce, a scheduling and staffing firm, which was founded in 2015 and has since expanded into five states. She was appointed by the governor of Michigan to the executive board of the Michigan Economic Development Corporation, and serves on its finance committee. Ardisana is also vice chair of the Wayne State University Physicians Group. She holds a bachelor’s degree in Mathematics and Computer Science from the University of Texas, a master’s degree in Mechanical Engineering from the University of Michigan and a master’s degree in Business Administration from the University of Detroit.
Age: Chicago, IL
JOSE ARMARIO Retired Boards
Retired as Executive Vice President of Worldwide Supply Chain, Development, and Franchising of McDonald’s Corporation in October 2015, after having held that position since August 2011. He led McDonald's' efforts in developing locations for its restaurants around the world. He was responsible for overseeing all international franchising. He also serves on the President’s Council of the University of Miami, Florida and the Governing Council of Advocate Good Samaritan Hospital, director of Golden State Foods and Receptions for Research: The Greg Olsen Foundation.
Avon Products (585), USG (708)
Board Members 2019-REGULAR.indd 30
28/10/19 14:41
FABIOLA ARREDONDO Founder and Managing Partner Siempre Holdings Boards
Campbell Soup, Burberry Group,
Age: Dallas, TX
THADDEUS ARROYO CEO of AT&T Consumer Total System Services (529)
“As the fastest-growing demographic, Latinos are helping ignite the next engines that will drive our economy forward and reshape the future of business. Diverse teams are stronger teams, so board diversity has never been more important. It’s good for business, the workforce and society.”
He has overall responsibility for the company’s integrated consumer internet, video entertainment and mobility organization. His organization serves more than 159 million wireless subscribers, reaches 14 million customer locations with fiber internet, and is one of the world’s largest providers of pay TV. Throughout his career, Thaddeus has held several diverse executive roles and has gained vast experience driving strategic growth through change. Previously, Thaddeus was CEO of AT&T Business. Prior to Business, Thaddeus was CEO of AT&T Mexico. The Mexico City-based wireless service provider operates under the AT&T and Unefon brand names. Thaddeus led the expansion of the AT&T high-speed mobile network and distribution channels in Mexico. Arroyo is one of the best known business leaders in the Latino Community and deeply involved in many organizations.
LATINO LEADERS JULY / AUGUST 2019
Boards
THE 2019 LIST
Arredondo has been the Managing Partner of Siempre Holdings, a private, single family investment office based in Greenwich, Connecticut since 2001. She also currently serves as a director of Burberry Group plc and National Public Radio Inc. (NPR), and is a member and prior Co-Chair of the National Council of the World Wildlife Fund. She has previously served on the Boards of Experian plc, Rodale Inc., Saks Inc., Intelsat S.A., Bankinter S.A., BOC Group plc and Sesame Workshop. Ms. Arredondo previously held senior operating roles at Yahoo! Inc., the British Broadcasting Corporation (BBC), and Bertelsmann SE & Co. KGaA.
Greenwich, CT
LATINOS ON BOARDS
Age:
31
Board Members 2019-REGULAR.indd 31
28/10/19 14:41
LATINOS ON BOARDS THE 2019 LIST
Age:
Dan presently serves as Senior Advisor to the Emerson Elemental practice of Emerson Collective. He previously served as Chief Technology Officer and STEM Evangelist. Emerson Elemental’s mission is to restore and strengthen the symbiosis between humanity and nature.Serves on Army Science Board for the Department of Defense. Was the "Top 50 Most Important Hispanics in Business and Technology" by Hispanic Engineer & Information Technology Magazine. He received Hispanic National Achievement Award for Executive Excellence. He is a Distinguished Alumnus of New Mexico State University.
Maryland
DAN E. ARVIZU Senior Advisor to Emmerson Collective Boards
State Farm Insurance (36)
Age: 46
Bernadette oversees $6 billion in annual revenue and distribution of HBO’s networks and platforms worldwide. Internationally, she is responsible for the operations of HBO-branded networks in 67 countries. Domestically, she leads distributions for the premium networks HBO and Cinemax, whether it be through cable, satellite, and telco companies or in the critical lodging business. She oversees HBO’s affiliate marketing group, which is responsible for the acquisition and retention of subscribers across all distributor partners. She has been featured twice in FORTUNE's list of the "Most Powerful Latinas in Business"
New York City, NY
BERNADETTE AULESTIA President of Global Distribution HBO Boards
Denny's
Age: Tulare, CA
Xavier joined Calf-Tel from the dairy mecca region of California. A staple in the California dairy community, Xavier has owned his own dairy operation since 1992.
XAVIER AVILA Regional Sales manager Hampel Corp. Boards
Land O'Lakes (216)
Age: Medina, WA
ORLANDO AYALA Independent Director, Advisor to the Colombian Government
LATINO LEADERS JULY / AUGUST 2019
Boards
32
35+ years history experience working in the Information Technology industry - Senior Executive for 25 years with Microsoft. Member of Bill Gates's senior leadership team when Ayala was Executive VP of the WW field operating teams in 115 countries. Skilled in Sales, Enterprise Software, Social Impact, Partner Management, and Enterprise Organizational Architecture. Strong entrepreneurship professional with a Doctorate Honoris Causa in Systems Administration and a Bachelors in Information Systems focused in Computers and Software from Universidad Jorge Tadeo Lozano - Colombia.
Centene Corp. (61), Ecopetrol
Age: Phoenix, AZ
LISA BACUS EVP, Global Chief Marketing Officer, Retired. Cigna Boards
“Never forget that in any interaction business or personal there is not only an individual at the other side of the table but a human being”
Served as EVP and Chief Marketing Officer for Cigna Corporation from 2013 until her retirement in 2019. Prior to joining Cigna, Bacus was the EVP and Chief Marketer at American Family Insurance Group from 2011 until 2013, and its VP, Marketing, from 2008 to 2011. Before joining American Family Insurance, she was with Ford Motor Company, from 1986 to 2008, where she held a number of executive leadership positions, including Executive Director of Global Market Research and Insights, Executive Director of Global Marketing Strategy, and head of marketing for Ford in Mexico. She serves on the board of privately-held Culver Franchising System, Inc., as well as a number of non-profit corporations, and previously served on the board of Shoutlet, Inc., a privately-held company. She joined the board of Teradata in 2015.
Teredata (920), Culver's Restaurants
Board Members 2019-REGULAR.indd 32
28/10/19 14:41
Board Members 2019-REGULAR.indd 33
28/10/19 14:41
LATINOS ON BOARDS THE 2019 LIST
Age:
Has been the President of Ballester Hermanos, Inc. since 2007. He served as a Senior Vice President of Ballester from 2000 to 2007. He joined Ballester in 1990 as a Brand Manager and held various positions during his tenure. He has a comprehensive understanding of Puerto Rico’s consumer products and distribution industries acquired through over 26 years of experience. He has been an Independent Director of Popular, Inc. since 2010. He has been a Director of Popular Bank since 2010. He served as a Director of Government Development Bank for Puerto Rico since 2009. He received a bachelors degree in business and economics from Lehigh University and a masters degree in management from Northwestern University of J. L. Kellog Graduate School of Management.
ALEJANDRO BALLESTER President of Ballester Hermanos, Inc. Boards
Popular (924)
Joined OpenText as President and CEO in 2012, and also serves as a member of the Board. In 2016, took on the role of Chief Technology Officer. In 2017, Barrenechea was appointed Vice Chair, in addition to remaining the CEO and Chief Technology Officer. Before joining OpenText, He was President and CEO of Silicon Graphics International Corp., serving as a member of the Board. Prior to SGI, served as EVP and CTO for CA, Inc., Mark was also SVP of Applications Development at Oracle Corporation. He has authored a number of other books including The Golden Age of Innovation, On Digital, Digital: Disrupt or Die, eGovernment or Out of Government, Enterprise Information Management: The Next Generation of Enterprise Software, Software Rules and e-Business or out of Business. Mark holds a Bachelor of Science degree in Computer Science from Saint Michael’s College. He currently serves as a member of the Board and Audit Committee of Dick’s Sporting Goods and as a member of the Board of Avery Dennison.
Age: 53
MARK BARRENECHEA Vice Chair, Chief Executive Officer and Chief Technology Officer at OpenText
Boards
Dick's Sporting Goods
Age: 47
Barrera previously was a Partner and Co-Portfolio Manager at Redwood Capital Management and Glenview Capital Management (both private investment management firms). He has more than 20 years of asset management and financial expertise investing in businesses undergoing transformations across a wide range of sectors. Throughout his career, Barrera has invested across the electric utility and independent power industries and has directly participated in numerous restructurings both in and out of Chapter 11. Barrera has been a director of PG&E Corporation and Pacific Gas and Electric Company since April 2019. He also is a member of the board of Mount Sinai Children's Center Foundation and the board of Success Academy Charter Schools.
RICHARD BARRERA Founder, CEO and Portfolio Manager, Roystone Capital Management LP
Boards
PG&E Corp.(168)
Age: 56 Bellevue, WA
MARTHA BEJAR Co-Founder Red Bison Advisory Group LATINO LEADERS JULY / AUGUST 2019
Boards
34
No one effects change alone. I have been very fortunate to have the unwavering support of my family, friends, mentors, colleagues when driving bold initiatives. Take risks, experiment, be resourceful.
She has served as co-founder of Red Bison Advisory Group LLC, a company involved in providing telecommunications and enterprise technology solutions, since 2014. Also served as CEO and director of Unium Inc., (2017- 2018). She also served as CEO and director of Flow Mobile, Inc., (2012-2015). She served as a venture partner at The Prometheus Partners, (2012-2014). She served as chairperson and CEO of Infocrossing Inc. (2011-2012). Also as President of Worldwide Sales and Operations at Wipro Technologies Inc., affiliate of Wipro Limited, (2009-2011). From 2007 to 2009, Bejar worked at Microsoft Corp., as corporate VP for the communications sector. From 1997 to 2007, she held various positions at Nortel Networks Corporation. She is currently a director of Mitel Networks Corporation and of a number of private and non-profit companies.
Century Link (160), Commvault, Sportsman's Warehouse, Neopost
Age: 59 Ft. Lauderdale, FL / Aspen, CO
JORGE BENITEZ Retired Boards
In business and life, I have found that the most successful people are the ones who ask for help and leverage the wisdom, experiences and insights of others
He retired from Accenture in August 2014 after more than 33 years of service. Hispanic Business Magazine named him to its "2011 Top 25 Corporate Elite" list and in 2004 selected him as one of the 100 most influential Hispanics in the United States. Hispanic Diversity Inc. recognized him as one of its “People on the Move” in 2011 and in 2012, he was welcomed into the U.S. Hispanic Chamber of Commerce CEO Circle.
World Fuel Services (91), Fifht Third Bancorp (366)
Board Members 2019-REGULAR.indd 34
28/10/19 14:42
JORGE A. BERMUDEZ President and CEO of the Byebrook Group Boards
Moody's (585)
Age: 58 St. Paul, MN “Decide with your head, act with your heart”
ALEX N. BLANCO Chief Supply Chain Officer Ecolab Boards
LATINOS ON BOARDS
Chief Risk Officer of Citigroup, Inc. (2007-2008). Before Bermudez was CEO of Citigroup’s Commercial Business Group in North America and Citibank Texas. He was Senior Advisor, Citigroup International and CEO of Citigroup Latin America, CEO, eBusiness, Global Cash Management and Trade and Head of Citibank Corporate and Investment Bank, South America. Bermudez joined Citigroup in 1975 and held leadership positions in other divisions, including equity investments, credit policy and corporate banking. He served as a director of Citibank N.A., the Federal Reserve Bank of Dallas, Houston Branch, the Federal Reserve Bank of Dallas, the American Institute of Architects for the entirety of 2015, the Electric Reliability Council of Texas and as Chairman of the Community Foundation of Brazos Valley where he also serves as the chairman of the Investment Committee.
THE 2019 LIST
Age: 67
Blanco is executive vice president and chief Supply Chain officer for Ecolab Inc., the global leader in water, hygiene and energy technologies and services that protect people and vital resources. Previously, Alex worked for Proctor and Gamble (P&G) for thirty years. Most recently, he served the company as vice president, Global Personal Beauty Care and Gillette Personal Care Product Supply. In previous roles, he led Supply Chain in other key P&G divisions and also had several international assignments, including a Europe regional role based in Geneva, and Latin America roles based in Venezuela and Colombia. He serves in the Board of Patterson Company Inc. since 2017. Blanco has a bachelor’s degree in mechanical and aerospace engineering from Princeton University.
Patterson (490)
Age: 70 Florida
ABELARDO "AL" BRU Retired Vice Chariman PepsiCo Boards
Keys to Success: Have a vision and a Dream, Passion for results, Fearless in tackling big challenges, Capable of building teams, ability to communicate and relate at all levels
He has long and successful career with a pre-eminent consumer products company, beginning his career with PepsiCo as a maintenance manager and working up through the ranks with significant experience in operations, sales and marketing. He has excellent record of leadership grounded in careful strategic thinking. Al has leadership experience as a chief executive officer, has knowledge about our industries, provides diversity of background and viewpoint, has international experience and experience with branded consumer packaged goods, and has marketing, compensation, governance and public company board experience.
Kimberly Clark (163)
Age: 66 Ellenwood, GA
ANA R. CABLIK President & CEO Anasteel & Supply Co. BB&T (250)
Age: 66
JOSE A. CARDENAS Senior Vice President and General Counsel at Arizona State University
Boards
Southwest Gas Holdings (821)
Board Members 2019-REGULAR.indd 35
SVP and General Counsel of Arizona State University. Stanford University Law School graduate, he was a partner in the law firm of Lewis & Roca before joining ASU in 2009. He also served as the firm’s managing partner and later as its chairman. Member of the American Law Institute and a Fellow of the American Bar Foundation. Also serves as a University representative on and to the boards of directors of ASU affiliated and related entities including the Center for the Future of Arizona and Zócalo Public Square. He also serves on the boards of Southwest Gas Corporation, Xico Inc., and the CALA Alliance. Member of the executive committee of the Arizona Super Bowl Host Committee, and Trustee of the Virginia G. Piper Charitable Trust. Also served on other boards of directors including: Chicanos Por La Causa, the Arizona Hispanic Chamber of Commerce and Los Abogados Hispanic Bar Association. Also served three Governors as president of the Arizona-Mexico Commission.
LATINO LEADERS JULY / AUGUST 2019
Boards
President at Anatek, Inc., Partner at Camana Holdings LLC, Partner at CK Property Group LLC, Partner at International Trade Imports LLC and Partner at PanAmerican Logistics LLC. Anna was previously employed as President by Massana Construction LLC. Anna has over 30 years of experience overseeing the preparation of financial statements and the review of accounting matters.
35
28/10/19 14:42
LATINOS ON BOARDS THE 2019 LIST
Age: Orlando, FL
RICK CARDENAS Senior Vice President, Chief Financial Officer at Darden Boards
Tractor Supply (391)
Named CFO in March 2016. Most recently, served as SVP and Chief Strategy Officer. He began his career with Darden as an hourly employee in 1984, before joining the restaurant support center team in 1992 as an Auditor. From there he held increasingly more responsible positions including Director of Corporate Development, Director of Finance and Technology for Seasons 52, Vice President of Finance and Assistant Controller for Olive Garden, Senior Vice President of Finance and Controller for LongHorn Steakhouse, Senior Vice President of Finance and Controller for Red Lobster, and Executive Vice President of Operations for LongHorn Steakhouse. He biefly left the company in 1998 to work for management consulting firms Bain & Company and the Parthenon Group. Rick graduated summa cum laude from the University of Central Florida with a bachelor’s degree in Finance & Accounting. He earned an MBA from The Amos Tuck School of Business Administration at Dartmouth College and is a CPA.
Age: 70 New York
ROEL C. CAMPOS Partner at Hughes Hubbard & Reed Boards
Roel’s practice consists of advising senior management and boards in their most sensitive and complex issues. His practice often involves conducting internal investigations and defending matters involving financial regulators, such as the SEC, DOJ, CFTC, and FINRA. Roel was also appointed twice by the President George W. Bush and confirmed by the U.S. Senate as a Commissioner of the Securities and Exchange Commission. Named to The National Law Journal's 50 Most Influential Minority Lawyers in America. He was selected by President Barack Obama to serve on his citizen Presidential Intelligence Advisory Board.
Regional Management Corporation
Age: 50 California
MICHAEL CAMUÑEZ President & CEO Monarch Global Strategies Boards
Edison International (244)
Age: Seattle, WA
DEBRA A. CANALES Executive Vice President and Chief Administrative Officer at Providence St. Joseph Health
LATINO LEADERS JULY / AUGUST 2019
Boards
36
Michael has significant experience as a senior executive, counselor, and advocate advising U.S. companies in domestic and global markets, and he possesses a unique combination of political, legal, economic, and international expertise. He served from 2010 to 2013 as one of the nation’s leading commercial diplomats as the Assistant Secretary of Commerce at the International Trade Administration. In 2014, he received the Congressional Hispanic Leadership Institute’s National Leadership in Public Service Award in Washington, D.C.
Amica Mutual Insurance (820)
EVP & chief administrative officer for Providence St. Joseph Health. Throughout her 25-year human resources career, Deb has worked with global F500 organizations, including Hewlett Packard/Compaq Computer Corporation, Yum Brands/PepsiCo, R.H. Macy’s Inc. and Centura Health. Deb has served on a number of community and business boards. She is currently a member of the boards of directors for AMICA Mutual Insurance, The Seattle Repertory Theatre, The Seattle Metro Chamber of Commerce, and The Breakaway Group-Healthcare Division of Xerox. Deb is also a certified executive coach with a reputation for helping executives develop transformational leadership styles. She is a member of the Society for Human Resource Management, the American Society for Healthcare Human Resources Administration and the American Society of Employers board.
Age:
WALDEMAR A. CARLO Professor of Pediatrics and Director, Division of
Carlo has served as Professor of Pediatrics and Director of the Division of Neonatology at the University of Alabama School of Medicine since 1991. Carlo participates as a member of several medical and professional organizations. He has received numerous research awards and grants and has lectured extensively, both nationally and internationally. Additionally, Carlo is a recipient of the Apgar Award, the highest recognition given to neonatologists by the American Academy of Pediatrics
Neonatology, University of Alabama School of Medicine
Boards
Mednax (670)
Board Members 2019-REGULAR.indd 36
28/10/19 14:42
Board Members 2019-REGULAR.indd 37
28/10/19 14:42
LATINOS ON BOARDS THE 2019 LIST
Age: 69
RICHARD CARMONA 17th Surgeon General of the United States, Boards
Clorox (468), Herbalife, Axon
Age: 54
ANTONIO CARRILLO President & CEO Arcosa Inc. Boards
Arcosa Inc., NRG Energy (269)
Age: 67 San Juan PR
RICHARD CARRION Chairman & Chief Executive Officer at Popular International Bank, Inc.
Boards
Banco Popular (924)
Age: 71
RAUL E. CESAN Founder and Managing Partner of Commercial Worldwide LLC
Boards LATINO LEADERS JULY / AUGUST 2019
Founder and first Director of Arizona's first regional trauma care system. Most highly decorated police officers in Arizona and his numerous awards include the National Top Cop Award, the National SWAT Officer of the Year and the National Tactical EMS Award. A decorated Vietnam War veteran, he received two Purple Hearts and two Bronze Stars for his service. He is a Fellow of the American College of Surgeons and is certified in correctional health care and in quality assurance.
Distinguished Professor University of Arizona
Dallas, TX
38
“The only easy day was yesterday! The only difference between a person who fails and one who is successful is the one who succeeds gets up one more time!”
Antonio has extensive experience in the industrial, energy, transportation and construction sectors in the U.S and internationally. He was CEO of Mexichem, where he led its transformation into a $6 billion industrial products company with operations in 42 countries. Prior to Mexichem, spent 16 years at Trinity Industries, where he served as SVP and Group President of the Energy Equipment Group. In 2014 Antonio was elected to Trinity’s Board of Directors (Finance Committee), and from 2015 until its acquisition in 2018, he was a Director of Dr Pepper Snapple Group, Inc. (Audit Committee). Antonio has effected many mergers and acquisitions of various sizes and complexities throughout his career. Professor of Finance at the Instituto Tecnológico Autónomo de México. Holds a Master’s Degree in Business Administration with a major in finance from the Wharton School of the University of Pennsylvania and a Bachelor’s Degree in Mechanical and Electrical Engineering at Universidad Anáhuac in Mexico City.
Carrión is a businessperson who has been at the head of 19 different companies and presently holds the position of Chairman for Popular Community Bank Foundation, Inc., Non-Executive Chairman at Popular, Inc., Executive Chairman of Banco Popular de Puerto Rico, Chairman & CEO at Popular International Bank, Inc., among three other subsidiaries, Chairman at Vall Banc SAU, Member of International Olympic Committee and OPERATING PARTNER at J.C. Flowers & Co. LLC. He previously held the position of Chairman & CEO for Popular North America, Chairman & CEO of Popular Auto, Chairman & CEO of Popular Finance, Chairman & CEO at E-LOAN, Chairman & CEO of Popular Mortgage Servicing, Chairman & CEO at Popular Insurance, Chairman & CEO at Popular Holdings USA. and Chairman & CEO for Banco Popular, NA (City of Commerce, California). He holds an undergraduate degree from The Wharton School of the University of Pennsylvania and a graduate degree from Massachusetts Institute of Technology.
Cesan has been a board director of Gartner since February 2012. Since 2001, Cesan has been the Founder and Managing Partner of Commercial Worldwide LLC, an investment firm. Previously, he spent 25 years at Shering - Plough Corporation, serving in various capacities of increasing executive resposability, including most recently as: the President and Chief Operating Officer (from 1998 to 2001); Executive Vice President of Schering - Plough Corporation and President of Shering-Plough Pharmaceuticals (from 1994-1998); President of Shering - Plough International (from 1988 to 1992). Mr. Cesan was a director of The New York Times Company until April 2018. Mr Cesan's extensive operational and international experience provides valuable guidance to the Board and Compensation Committe of Gartner.
Gartner (697)
Age: 45 Palo Alto, CA
WENCES CASARES Founder Xapo Inc. Boards
He is the Founder of Xapo Inc., a bitcoin wallet and vault startup, and has served as its Chief Executive Officer since March 2014. From October 2011 to March 2014, Casares was Founder and Chief Executive Officer of Lemon Inc., a digital wallet platform. From March 2007 to October 2011, Casares was Co-Chief Executive Officer of Bling Nation Ltd., a mobile payments platform. He also serves on the Board of Directors of Endeavor Global.
PayPal Holdings (222)
Board Members 2019-REGULAR.indd 38
28/10/19 14:42
GIL CASELLAS Independent Director, Private Investor Boards
Gilbert has been Chairman of OMNITRU (a consulting and investment firm) since 2011. He was the VP, Corporate Responsibility of Dell Inc. (a global computer manufacturer) from 2007 to 2010. Served as a partner and member of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., where he focused on workplace diversity and equal opportunity issues. He led an organization that includes the Dell’s global diversity, sustainability and corporate giving functions.
Prudential Financial (52)
Age: 62 Florida
KIMBERLY CASIANO COO Casiano Communications
“Integrity/honesty are what will set you apart – in business and in your personal lives. But remember, honesty is like pregnancy… either you are or you are not. There is no in between. There are no grey areas. It’s wonderful to look at everyone – and at yourself – straight in the eye.”
Kimberly was elected to the Ford Motor Company board of directors in 2003. She serves on the audit committee, nominating and governance committee and sustainability and innovation committee. She is the first Hispanic woman to serve on a Fortune 100 top five corporate board. In 2010, she established Kimberly Casiano & Associates, where she serves as president. The firm provides advisory services in marketing, recruiting, communications, advocacy and diversity to target the U.S. Hispanic market, the Caribbean and Latin America. Kimberly, for whom education is the key to success, is active on the board of several nonprofit organizations that support education.
Ford Motor Co. (11), Mutual of America (712)
LATINO LEADERS JULY / AUGUST 2019
Boards
"Never let anyone else define who you are or what you can become."
THE 2019 LIST
New Jersey
LATINOS ON BOARDS
Age: 66
39
Board Members 2019-REGULAR.indd 39
28/10/19 14:42
LATINOS ON BOARDS THE 2019 LIST
Age: 58
He served Boeing for 31 years, most recently as president of Boeing Capital Corp., a wholly owned Boeing subsidiary responsible for arranging, structuring and providing financing for Boeing's commercial airplane and space and defense products. Prior to that, Cave served as senior vice president of business development and strategy for the corporation; senior vice president and general manager for Boeing’s commercial airplane programs; chief financial officer of Boeing Commercial Airplanes, and vice president of finance for Boeing Information, Space & Defense Systems.
MICHAEL J. CAVE Retired VP The Boeing Co. Boards
Ball (277), Esterline Technologies (955), Harley Davidson (488)
Age: 67 Miami, FL
JUAN N. CENTO Regional President, FedEx Express Latin America and
“I’m fortunate to be a board member for a Fortune 500 company that supports Diversity and Inclusion. This experience has helped my professional development while adding value to the company.”
He has more than 30 years of experience in the air cargo and express transportation industry. Previously, he worked with Flying Tigers Line, Inc. and transitioned to FedEx in 1989 when the two companies merged. Juan is actively involved in several non-profit organizations. He is a member of the International Advisory Board of Baptist Health System and the Council of the Americas. Additionally, he is chair of the board of directors for CLADEC (Conference of Latin American and Caribbean Express Companies).
Caribbean Division
Boards
Assurant (440)
Age: 72 Washington, D.C.
LINDA CHAVEZ President of the Becoming American Institute Boards
ABM Industries (498)
There are few better ways to understand the genius of capitalism and the American economy than serving on a corporate board
Founder and chairman of the Center for Equal Opportunity since January 2006. Prior to that she served as president from 1995 to 2005. Director of Pilgrim’s Pride Corporation. Previously, she was a director of Greyhound Lines, Inc. when it was acquired by another company. Has held numerous appointed positions, including CEO of the National Commission on Migrant Education, CEO of the U.S. Commission on Civil Rights, and White House director of public liaison in 1985. In 1992, she was elected by the United Nations Commission on Human Rights to serve a four-year term as U.S. Expert to the U.N. Sub-Commission on the Prevention of Discrimination and Protection of Minorities. Graduated from UCLA Anderson Graduate School of Management Director Training and Certification Program. She serves on the board of Research Electro-Optics, a privately held company and on numerous nonprofit boards. She is an author and nationally syndicated columnist and television commentator and writes extensively about public policy issues.
Age: 69 Houston, TX
FRANKLIN CHANG-DIAZ Chairman & CEO Ad Astra Rocket Company LATINO LEADERS JULY / AUGUST 2019
Boards
40
Franklin was a four-time recipient of NASA's Distinguished Service Medal, the highest honor awarded by the agency. He was selected by NASA to be an astronaut candidate and earned his astronaut wings the following year.During his 25 years at NASA, he was an integral part of the Space Shuttle program. While at NASA, he flew seven shuttle missions, logging more than 1,600 hours in space and continued his research in applied plasma physics.
Cummings (149)
Age: 60 New York City, NY
EMANUEL CHIRICO Chairman and CEO PVH Corporation Boards
Chirico has served on the Board since December 2003. Chirico was named Chairman of the Board of PVH Corp., a wholesale and retail apparel company listed on the NYSE, in June 2007 and was named its Chief Executive Officer in February 2006. Previously, He was President, Chief Operating Officer and a Director of PVH Corp. from 2005 to 2007. Prior to that, Chirico was Executive Vice President and Chief Financial Officer of PVH Corp. from 1999 until June 2005. From 1993 until 1999, Chirico was PVH Corp.’s Controller. Prior to that, he was a partner at Ernst & Young.
PVH (332), Dick's Sporting Goods
Board Members 2019-REGULAR.indd 40
28/10/19 14:42
Board Members 2019-REGULAR.indd 41
28/10/19 14:42
LATINOS ON BOARDS THE 2019 LIST
Age: 39 New York, NY
ADRIANA CISNEROS CEO Cisneros Boards
Mattel (533)
Age: 72 San Antonio, TX
HENRY CISNEROS President American Triple I Partners Boards
She served in a variety of leadership capacities with Cisneros, including Vice Chairman and Director of Strategy before assuming the role of CEO. She currently serves as President of Fundación Cisneros, a not-for-profit organization dedicated to improving access to education in Latin America. Cisneros serves as a Director and Executive Committee Member of the Board of the International Academy of Television Arts & Sciences, a Trustee of the Paley Center for Media and co-Chair of Endeavor Miami, an organization dedicated to promoting high impact entrepreneurship. In addition, Cisneros is a member of the Latin American Acquisitions Committee of the Museum of Modern Art (“MoMA”) in New York City
With a long career in community-building, Henry Cisneros varied career includes stints as mayor, housing developer, and TV corporate owner. He is now taken another role as a sort of “evangelizer” of climate change to the business sector, helping to shape public opinion on the subject. He was appointed to Secretary of the US Department of Housing and Urban Development in 1992 and worked to revitalize several of the country’s public housing developments with new policies, which helped grow the home ownership rate in the country. Cisneros was also president and chief executive officer of Univision Communications and continues to serve on its board. He has served as the president of the National League of Cities, deputy chairman of the Federal Reserve Bank of Dallas and Habitat for Humanity International.
Univision Communications (729)
Age: 67
LUIS A. CLAVELL-RODRIGUEZ Chef Medical Officer San Jorge's Children's Hospital
He is the principal investigator for the Children’s Oncology Group and the Dana Farber Acute Lymphoblastic Leukemia Consortium at said institution. He was a professor of pediatrics and pathology from 1980 to 1994, and director of pediatric hematology oncology from 1984 to 1994, at the University of Puerto Rico School of Medicine. He has particular expertise in clinical investigation. He is the chairman of the Board’s Executive Committee and member of the Investment and Finance Committee.
(P.R.)
Boards
Triple S Management (734)
Age: 77
ANTHONY L. COELHO Former Representative US Congress (CA) LATINO LEADERS JULY / AUGUST 2019
Boards
42
Service Corporation International (721)
Age:
RAFAEL COLORADO Director with Hudson Advisors L.P. Boards
Anthony Lee Coelho is an American politician from California who served in the United States House of Representatives.A member of the Democratic Party, he was the primary sponsor of the Americans with Disabilities Act and is a former chairman and current member of the board of directors of the Epilepsy Foundation.
Foundation Building Materials (943)
Board Members 2019-REGULAR.indd 42
Director of Foundation Building Materials since 2018. Has been a Director with Hudson Advisors L.P. an affiliate of FBM and Lone Star, since January 2016. He has been actively involved in the negotiation and closing of numerous acquisitions, asset sales and lending transactions. He was previously Vice President at the firm from 2008 to 2012. Partner at the law firm of Perkins Coie LLP, from 2012 to 2016, supporting clients in mortgage banking transactions, private and public securities offerings, debt financing transactions and mergers and acquisitions. Before he was an attorney with Bank of America and a CPA with Ernst & Young. Colorado serves as a member of the board of directors of a number of privately held companies. Graduated from the University of Texas at Austin with a Bachelor of Business Administration degree and a Master of Professional Accounting degree. Colorado also received a Juris Doctor degree with honors from the University of Texas School of Law.
28/10/19 14:42
Board Members 2019-REGULAR.indd 43
28/10/19 14:42
LATINOS ON BOARDS THE 2019 LIST
Age: 45 Miami, FL
CESAR CONDE Chairman of NBCUniversal Telemundo Enterprises and
“Hispanics are no longer just a demographic story. They are trendsetters driving social, cultural, digital and, most importantly, economic impact.”
Under Cesar’s leadership, Telemundo hit a historic milestone in 2016, by ranking as the #1 Spanish-language network. He joined NBCUniversal in October 2013 as Executive Vice President of NBCUniversal to oversee NBCU International and NBCU Digital Enterprises. Prior to NBCUniversal, he was the President of Univision Networks and served in a variety of senior executive capacities in the company.He is credited with transforming the Spanish-language media company into a leading global, multi-platform media brand.
NBCUniversal International Group
Boards
PepsiCo (45), Walmart (1)
Age: 58 Atlanta. GA
Deirdre began her career in the pharmaceutical industry as a sales representative with Eli Lilly in San Juan, Puerto Rico. She moved to marketing and then joined Eli Lilly’s international management development program. Later, she was named executive director of global marketing for Evista, and leader of the woman’s health business unit in the U.S. For nine consecutive years (2006-2014), she was recognized by Fortune magazine as one of the 50 most powerful women in business.
DEIRDRE P. CONNELLY Retired Boards
Macy's(120), Lincoln National (205)
Age: 52
EVP, Chief Strategy and Innovations Officer for Ascension, he served as EVP and Chief Digital Officer since 2018. He also served on the Ascension Board of Directors from 2014-2018. Prior to joining Ascension, he was EVP and Chief Strategy and Innovation Officer for Motorola Solutions, Inc. Previously, he led the company’s marketing and IT organizations, which focused on creating seamless customer experiences. He joined Motorola in 1992 and served in a variety of leadership roles in multiple international businesses in a range of consumer and commercial segments across Motorola. He serves on the Board of Directors of ArcBest Corporation. He also served on the Board of Directors of the American Red Cross of Greater Chicago and the Board of Trustees for Chicago’s Field Museum of Natural History, and as national Chair of the Business Marketing Association.
Chicago, IL
EDUARDO F. CONRADO EVP - Chief Strategy and Innovation Officer at Ascension Boards
ArcBest (763)
Age: 63 Los Angeles, CA
MARIA CONTRERAS-SWEET Managing Partner Contreras-Sweet Enterprises LATINO LEADERS JULY / AUGUST 2019
Boards
44
Maria served as the administrator of the U.S. Small Business Administration and a member of President Obama’s cabinet from April 7, 2014 to Jan. 20, 2017. She was the founding executive chairwoman of ProAmerica Bank from 2006 to 2014. Maria was co-founder and managing partner of Fortius Holdings from 2003 to 2006. Prior to that, she served as the California cabinet secretary of the Business, Transportation and Housing Agency from 1999 to 2003. She is a director of Regional Management Corp.
Regional Management Corporation, Sempra Energy (271)
Age: 64
LU M. CORDOVA Executive Director Colorado Department of Revenue Boards
“Employers must embrace diversity enthusiastically. It’s an economic imperative and the right thing to do.”
Kansas City Southern (815)
Board Members 2019-REGULAR.indd 44
Córdova has extensive business leadership and entrepreneurial experience. She has strong management skills from leading business development for companies from start-up phase through high growth into the public market. Her former international executive roles with McGraw-Hill Standard & Poor’s and Excite@Home, along with Chief Executive roles in private corporations, have given her extensive expertise in corporate finance and strategic planning. In addition, Córdova is a citizen of both the United States and Mexico and has significant cross-border operations experience. Córdova also has experience in the development of government financial and economic policies from her formal economics education, from ten years with the 10th District Federal Reserve Bank, ultimately as chairman, and from serving on compensation and audit committees.
28/10/19 14:43
Board Members 2019-REGULAR.indd 45
28/10/19 14:43
LATINOS ON BOARDS THE 2019 LIST
President of Cargill’s compound animal feed and nutrition business. Joined Cargill in 2002 as an Associate in Corporate Strategy and Business Development. Her operational experience began when she was appointed General Manager for the Beef Business with Cargill Meats Canada. Moved to Oklahoma City where she led our business in South Central US. From there, she moved to Costa Rica to successfully lead Cargill's integration of Pipasa. She then led Cargill's poultry operations in Nicaragua, which then led to her to be appointed as Business Unit Leader for Cargill Meats Europe in 2013. In 2015 she was named Corporate Vice President and head of Corporate Strategy and Development. Originally from Bogotá, Colombia, and she graduated from the Universidad de Los Andes with a Bachelor's degree in Economics. In 2002, she graduated from the University of Michigan Ross School of Business with a Master's degree in Business.
Age: 47
PILAR CRUZ President of Compound Animal Feed and Nutrition Business, Cargill Inc.
Boards
Donaldson (855)
Age: 67 Florida
RALPH DE LA VEGA Former Vice Chairman AT&T Inc. Author Boards
Ralph is the former Vice Chairman of AT&T Inc. and CEO of Business Solutions & International. In that capacity, he had overall responsibility for the company’s integrated Business Solutions group which, at the time served more than 3.5 million business customers in nearly 200 countries and territories, including nearly all of the world’s Fortune 1000 companies. He has received numerous awards recognizing his leadership, including induction into the U.S. Wireless Hall of Fame, the Atlanta Business Hall of Fame, and the prestigious Global Innovation Award from the Goizueta Business School at Emory University.
American Express (86), New York Life Insurance (69), Amdocs, Ubicquia
Age: 67
RUDY F. DE LEON Director and Chairman, Finance and Benefit Plans Committee at General Dynamics
Boards
In today’s fast paced environment organizations need to be innovative, agile, and diverse. In my experience you have a choice: disrupt or be disrupted. There is no middle ground.
Former senior Department of Defense official, military adviser, lobbyist, and foreign policy adviser. He served as the Deputy Secretary of Defense, from March 31, 2000 until March 2001, and before appointed as Deputy Secretary he had served as Under Secretary of Defense for Personnel and Readiness from 1997 until 2000 and as Under Secretary of the Air Force from 1994 to 1997. Since 2007, he has served as Senior Vice President of National Security and International Policy at the Center for American Progress in Washington. Senior Fellow with the Center for American Progress since 2007. Senior Vice President, The Boeing Company 2001 to 2006. Deputy Secretary of Defense 2000 to 2001. Undersecretary of Defense for Personnel and Readiness 1997 to 2000. Undersecretary of the U.S. Air Force 1994 to 1997.
General Dynamics (99)
Age: 59
Serves on the board of Stepan Co. and MacPhail Center for Music and as Executive Vice President for 3M Electro & Communications, Inc., He previously was Executive VP-Consumer Business Group at 3M Co. President of 3M Korea Ltd. Technical Director at 3M Asia Pacific Pte Ltd. and Manager-Corporate Development Laboratory at Sumitomo 3M Ltd. ( all subsidiaries of 3M Co.) and Chief Technology Officer of TripleHop Technologies, Inc. Delgado received an undergraduate degree from Nagoya University, a graduate degree from The University of the Basque Country and a doctorate from Lehigh University.
JOAQUIN DELGADO Former EVP 3M Company LATINO LEADERS JULY / AUGUST 2019
Boards
46
Hexion (649), Stepan Co. (979)
Age: 72 San Antonio, TX
PATRICIA DIAZ DENNIS Retired Boards
Patricia has held three Senate-confirmed federal government appointments. Former President Ronald Reagan named her to the National Labor Relations Board in 1983 and appointed her as a commissioner of the Federal Communications Commission three years later.President George H. W. Bush appointed her Assistant Secretary of State for Human Rights and Humanitarian Affairs. Received her law degree from the Loyola Law School of Loyola Marymount University.
Entravision, United States Steel (246)
Board Members 2019-REGULAR.indd 46
28/10/19 14:43
FRED M. DIAZ President and Chief Executive Officer of Mitsubishi Motors North America, Inc.
Boards
Became a director of Site One Landscape Supply in August 2017. He is currently President and Chief Executive Officer of Mitsubishi Motors North America, Inc. He previously served in management roles at Nissan, most recently as Division Vice President and General Manager, North America, Trucks and Commercial Vehicles, of Nissan North America, Inc. Prior to that, Diaz served as Senior Vice President, Sales, Marketing and Operations, of Nissan USA. Before joining Nissan in 2013, Diaz spent 24 years at Chrysler Corporation, where he held a number of management roles, including President and Chief Executive Officer of Chrysler’s Ram Truck brand and President and Chief Executive Officer, Chrysler de Mexico and Latin America. He's is a graduate of Texas Lutheran University and holds an M.B.A. from Central Michigan University.
Site One Landscape Supply (996)
Age: 57 Louisville, KY
PAUL J. DIAZ Former President & CEO Kindred Healthcare, Partner Cressey & Co.
Partner with Cressey & Company. Prior to joining the Cressey & Company team, he served as President and Chief Executive Officer of Kindred Healthcare, Inc., one of the largest providers of health care services in the United States. Paul currently serves on the Board of Directors of DaVita and the Board of Visitors of Georgetown University Law Center. He previously served on the Boards of PharMerica Corporation, the Bloomberg School of Public Health at Johns Hopkins University, and the Board of Trustees of the Suburban Hospital Healthcare System (today part of Johns Hopkins). Paul earned a bachelor’s in finance and accounting from American University’s Kogod School of Business and a JD from Georgetown University Law Center.
Da Vita (179), Performance Health, John Hopkins Medicine, Georgetown Law, Kindred Healthcare (416)
LATINO LEADERS JULY / AUGUST 2019
Boards
LATINOS ON BOARDS
Chicago IL
THE 2019 LIST
Age:
47
Board Members 2019-REGULAR.indd 47
28/10/19 14:43
LATINOS ON BOARDS THE 2019 LIST
Age:
Diez is responsible for setting the strategic direction of DTS, which combines vehicles, drivers, and administrative services with drivers and additional value-added services, all dedicated to a specific customer. He has served in various roles for Ryder since 2002, including as Senior Vice President of Ryder Dedicated, Senior Vice President of Asset Management, Senior Vice President of Global Field Finance, Vice President and Chief Financial Officer for the Fleet Management Solutions business segment, and Assistant Controller. Prior to joining Ryder, Diez spent eight years in the audit practice of KPMG LLP. Diez currently serves on the board of the American Red Cross, Greater Miami & The Keys Chapter. Mr. Diez is a CPA in the state of Florida and a member of the American Institute of CPAs.
Miami FL
JOHN J. DIEZ President Fleet Management Solutions at Ryder System Boards
Trinity Industries (633)
Age: 67 Washington, D.C. "To live fully is to be engaged in the passions of one's time"
CARI M. DOMINGUEZ President Dominguez & Assoc. Boards
She was the chair of the U.S. Equal Employment Opportunity Commission from 2001 to 2006. She is president of Dominguez & Associates, a management consulting firm, which she founded in 1999. From 1995 to 1998, she was a partner at Heidrick & Struggles, an international executive search firm. From 1993 to 1995, she was a director at Spencer Stuart, a consulting firm. From 1989 to 1993 she was Assistant Secretary for the Employment Standards Administration and Director of the Office of Federal Contract Compliance Programs at the U.S. Department of Labor. Before then, Dominguez held senior management positions with Bank of America.
Manpower Group (143), Triple S Management (743), The Calvert Funds
Age: 60 New York City, NY
Carlos is president and chief operating officer of Sprinklr, a global, social-media-management company. Previously, he spent 22 years in a variety of roles at Cisco Systems, Inc., including establishing the New York office for Cisco and leading the efforts to enter strategic markets such as financial services, media and pharmaceuticals. He brings to Boards extensive and relevant digital expertise as the company focuses on data analytics and digital capabilities to continuously improve the way it operates and delivers value to customers.
CARLOS DOMINGUEZ President & COO Sprinklr Boards
Hartford Financial Services Group (156)
Age:
Chairman of the Vanir Group of Companies overseeing 15 offices throughout the U.S. Also created Vanir Financial Services, and launched Vanir Energy. Dominguez was appointed by George W. Bush as a member of the Commission to study the potential creation of a National Museum of the American Latino. Member of the American River Bank Board of Directors, YPO, the Latino Studies Board of Notre Dame University in South Bend Indiana, New America Alliance and the NCLR. Graduated Notre Dame University and holds a bachelor's degree in Business Finance. Most recently, she earned a Certificate for Corporate Governance from the Center for Business and Government, John F. Kennedy School of Government, Harvard University and Stanford.
Sacramento, CA
DORENE C. DOMIGUEZ Chairwoman & CEO Vanir Group of Companies LATINO LEADERS JULY / AUGUST 2019
Boards
48
KB Home (570), CIT Group (658),
Age: 63 Houston, TX “Be bold and lead courageously.”
MARCELA E. DONADIO Ret. Former Americas Oil & Gas Sector Leader at EY Boards
Marcela has over 37 years of audit and public accounting experience with a specialization in domestic and international operations in all segments of the energy industry. She was Americas Oil & Gas Sector Leader of Ernst & Young LLP, from which she retired in March 2014.She was named leader for the energy trading and risk management practice, managing professionals serving Gulf Coast-area clients in the trading, electricity, exploration and production and transmission segments of the energy industry.
Marathon Oil Corp.(518), National Oilwell Varco (388), Norfolk Southern Corporation (284)
Board Members 2019-REGULAR.indd 48
28/10/19 14:43
ANA DUTRA CEO Mandala Global Advisors Boards
Served as a member of the board of directors of CME Group since 2015. Has served as the CEO of The Executives’ Club of Chicago, a world-class senior executives organization focused on the development, innovation and networking of current and future business and community leaders, from 2014 to 2018. Prior to that she was a Proxy Officer and CEO of Korn/Ferry Consulting from 2007 until 2013. Dutra serves as a director of Elkay Manufacturing, Lifespace Communities, Greeley and Hansen, The Committee of 200. Latino Corporate Directors Association, Lurie Children’s Hospital of Chicago and Blessings-in-a-backpack.
CME Group (641), Eletrobras, Greeley and Hansen, Lifespace Senior Living Communities, Elkay Manufacturing
Age: 62 New York City, NY
JOSEPH "JOE" ECHEVERRIA Independent Director Boards
He is a Certified Public Accountant. andearned his Bachelor's Degree in Business Administration from the University of Miami in Coral Gables, Florida. He has a Board significant experience in finance, accounting, global operations, executive management and corporate governance. He also joined other CEOs to address some of the country’s biggest challenges through participation in both the Fix the Debt campaign and the Business Roundtable.
BNY Melon (175), Pfizer (57), Unum Group (267), Xerox (291)
Age: 60 San Bernardino, CA
ANNA ESCOBEDO-CABRAL Senior Adviser at Inter-American Development Bank Boards
LATINOS ON BOARDS
Winnetke, IL
“serving on a Corporate Board is a not only an incredible honor but also a huge responsibility. Great directors provide their experience and knowledge to senior management, protect and balance the interests of all key stakeholders of the business while reinforcing good governance and judgement at all times.”
THE 2019 LIST
Age:
Navient director since 2014. Served as Treasurer of the U.S.A. from 2004 to 2009, overseeing the Bureau of Engraving and Printing and the U.S. Mint. Led the Treasury's community development and public outreach efforts, including financial education initiatives designed to increase financial literacy and remove barriers to Americans' success. From 2009 to 2018, Cabral served as senior advisor for external relations at the Inter-American Development Bank. Served as director of the Smithsonian Institution's Center for Latino Initiatives and CEO of the H.A.C.R. A second-generation Mexican-American, whose parents labored in the fields of southern California, she has served as chair of the Financial Services Roundtable Retirement Security Council and is a member of MANA, a national Latina organization.
Navient (515)
Age: 60
Irene most recently served as Chief Financial Officer of Time Warner Cable Inc. from July 2011 to May 2013.She has experience as chief financial officer of multiple companies brings deep financial expertise to the Board. She is an audit committee financial expert based on her experience as chief financial officer and brings deep knowledge of financial reporting, internal controls and procedures and risk management to Boards. Irene also has considerable corporate governance experience gained through her years of experience on other public company boards.
IRENE M. ESTEVES Retired KREF, Aramark (200), Spirit AeroSystem (405), RR Donnelley & Sons(406)
Age: 74
EMILIO A. FERNANDEZ Vice Chairman Wabtec Corporation Boards
Westinghouse Air Brake Technologies (617)
Board Members 2019-REGULAR.indd 49
Vice Chairman of Wabtec since March 1998; Executive Vice President of Wabtec from prior to 1997 to February 1998. Fernandez has over 30 years of experience in executive positions in the railroad industry. His knowledge of the rail market, understanding of the Company’s products and his overall business acumen provide the Board with an executive and leadership perspective on the Company and the railroad industry in general.
LATINO LEADERS JULY / AUGUST 2019
Boards
49
28/10/19 14:43
LATINOS ON BOARDS THE 2019 LIST
Age: 45 Florida
Jackie has significant experience working in this industry, having served both public companies and private family-owned growth companies in addition to subsidiaries of international corporations.certified public accountant. She also served as president of the Retail Executives of Southern California and served on the board of the Network of Executive Women
JACQUELINE FERNANDEZ Retired Boards
Nationwide (66)
Age: 73
Manny serves as the Managing Director of SI Ventures, a venture capital firm focused on information technology and communications infrastructure. He has held that position with the firm since its inception in 1998. He served as Chairman and CEO of Gartner, Inc., a leading research and advisory company, from 1990 to 2001. He has also been Chairman and CEO of three technology-driven companies, Dataquest, Inc., Gavilan Computer Corporation and Zilog Incorporated.
MANUEL A. FERNANDEZ Managing Director of SI Ventures Boards
Performance Food Group (171), Brunswick (531), Leggett & Platt (609)
Age: 66
MICHAEL FERNANDEZ Chairman and Chief Executive Officer, MBF Healthcare Partners, L.P.
Boards
Fernandez has served as Chairman and CEO of MBF Healthcare Partners, a private equity firm focused on investing in healthcare service companies, since February 2005. He also served as the Chairman of Simply Healthcare Holdings until its acquisition by Anthem, Inc. in February 2015, and Navarro Discount Pharmacies, LLC until its acquisition by CVS Caremark in September 2014. Fernandez has served as a member of the Board of Trustees of the University of Miami and was on the Board of Directors of various private entities, including Healthcare Atlantic, Inc., a holding company that operates various healthcare entities.
Mednax (670)
Age:
RAUL FERNANDEZ Vice Chairman and Partner Monumental Sports & Entertainment
LATINO LEADERS JULY / AUGUST 2019
Boards
50
Monumental Sports & Entertainment, is a private partnership that co-owns the NBA’s Washington Wizards, the NHL’s 2018 Stanley Cup Champion Washington Capitals, the WNBA’s Washington Mystics, Team Liquid eSports and Wizards District Gaming NBA 2K, as well as coowns and operates Capital One Arena in Washington, D.C. He also serves as Special Advisor and Limited Partner to General Atlantic Partners, a growth equity firm with more than $31 billion under management. He previously served in several leadership roles at various technology companies, including as Chairman and CEO for ObjectVideo.
Gamestop (322), URBANEER, AtSite Inc, Perfect Sense Inc.
Age: 55 San Juan, PR
MARIA LUISA FERRE RANGEL President & CEO Grupo Ferre Rangel Boards
Grupo Ferré Rangel is the holding company for Puerto Rico's largest media company: GFR Media. Maria leads the group's development, growth and diversification strategies in and outside Puerto Rico. She is currently the president of the Luis A. Ferré Foundation.
W.R. Berkley (369), Popular (924)
Board Members 2019-REGULAR.indd 50
28/10/19 14:43
New York
Boards
THE 2019 LIST
JUAN FIGUEREO Venture Partner, Ocean Azul Partners
Venture Partner, Ocean Azul Partners, an early stage venture capital fund; Former Executive Vice President and Chief Financial Officer, Revlon Inc., a global cosmetics, hair color, hair care and hair treatments, beauty tools, men’s grooming products, anti-perspirant deodorants, fragrances, skincare, and other beauty care products company
PVH (332)
Age: 56 California
JOHN G. FIGUEROA Former CEO of Genoa Healthcare
John serves the dual roles of CEO of Apria Healthcare Group Inc. and chairman of Apria’s board of directors. Prior to his appointment to these roles in November 2012, he served as chief executive officer and board member of Omnicare, Inc., a Fortune 400 healthcare services company. A graduate of the University of California at Los Angeles with Bachelor’s degrees in English and Political Science, he also holds a Master’s Degree in Business Administration from Pepperdine University, where he was honored as a Distinguished Alumnus.
Reliance Steel & Aluminum (305)
LATINO LEADERS JULY / AUGUST 2019
Boards
LATINOS ON BOARDS
Age: 63
51
Board Members 2019-REGULAR.indd 51
28/10/19 14:43
LATINOS ON BOARDS THE 2019 LIST
Age: 67
Member of the Board’s Compensation Committee and Corporate Governance and Nominations Committee. He has fifteen years of experience in senior management positions and over twenty-five years of exposure at all management levels in the information and telecommunications industries. He was CEO for Lucent Technologies, Mexico and a department head at AT&T Bell Laboratories.
MANUEL FIGUEROA COLLAZO President Vernet Inc. Boards
Triple S Management (743)
Age: 63 Missouri
RAFAEL FLORES Former Senior Vice President and Chief Nuclear Officer Luminant Corporation
Boards
Rafael served as a Chief Nuclear Officer and Senior Vice President of Luminant Generation Company LLC from 2009 to 2015. Mr. Flores's responsibilities included overseeing operations of the Comanche Peak Nuclear Power Plant in Texas and representing Luminant with the Nuclear Regulatory Commission, the Institute of Nuclear Power Operations, the Nuclear Energy Institute and on various committees and working groups in the nuclear industry. He is one of the great leaders in the nuclear industry and has decades of experience in safely and efficiently running nuclear energy facilities.
Ameren (453)
Age:
LIDIA L. FONSECA Executive Vice President and Chief Digital and
In a prior role, she was the Senior Vice President and CIO at Quest Diagnostics. Lidia received the 2017 Forbes CIO Innovation Award, and she is a founding member of Synaptic Health Alliance, leading healthcare companies using Blockchain technology to improve provider data quality. Lidia is a member of the Board of Directors of Tegna, Inc. She earned a BA from University of California, Berkeley and an MBA and Master Business Informatics from Rotterdam School of Management, Erasmus Graduate School of Business.
Technology Officer, Pfizer Inc.
Boards
Tegna (820)
Age: 70
JORGE L. FUENTES-BENEJAM Chairman and CEO, of Gabriel Fuentes Jr. Construction
Director Since April 2008. Fuentes-Benejam, was chairman of the board, president and CEO from 1986 until 2010, he is also CEO of Fuentes Concrete Pile Co. Inc., a precast concrete pile manufacturing business, and related entities. He is a member of the Board’s Compensation Committee and the Investment and Finance Committee. Currently, Fuentes-Benejam is a member of the board of trustees of Interamerican University, Puerto Rico’s largest private university.
Co.
LATINO LEADERS JULY / AUGUST 2019
Boards
52
Triple S Management (743)
Age: 57 New York City, NY
ART A. GARCIA EVP & CFO Ryder System Boards
Art has held several senior-level positions since joining Ryder in 1997, including the roles of Senior Vice President, Controller and Chief Accounting Officer and Group Director of Accounting Services. Prior to joining Ryder, he spent 14 years with the Miami office of the accounting firm Coopers & Lybrand LLP as Senior Manager of Business Assurance.
ABM Industries (498)
Board Members 2019-REGULAR.indd 52
28/10/19 14:43
Board Members 2019-REGULAR.indd 53
28/10/19 14:43
LATINOS ON BOARDS THE 2019 LIST
Age: 67 Atlanta. GA
Paul served as Chief Executive Officer of Global Payments, Inc., a leading provider of payment processing services, from February 2001 until October 2013. He holds a Bachelor's in Finance and Accounting from the Kogod College of Business Administration at the American University and received his JD degree from Georgetown University Law Center.
PAUL R. GARCIA Former Chairman and Chief Executive Officer, Global Payments Inc.,
Boards
SunTrust Banks (303)
Age: Puerto Rico
Previously, VP and General Counsel at Puerto Rico Telephone. He holds a BA from Harvard University, an MBA from Stanford Graduate School of Business, and a JD from Stanford Law School. He completed the Advanced Management Program at Harvard.
ROBERTO GARCIA-RODRIGUEZ President & CEO Triple S Management Corp. Boards
Triple S Management (743)
Age: 58
Since 2000, has been managing director of Bravo Equity Partners, which provides capital to middle-market companies in the U.S. and Mexico, primarily in the financial services, retail, food, and educational service sectors. He is also actively involved in various private companies, including Bravo Pizzas Houston and Career Educational Services. Garza has gained a strong understanding of global and domestic macroeconomics and capital market concepts through his more than 25 years of experience in managing and advising companies in many industries on corporate finance, investment, development and strategic matters. He also serves on the boards of Vantage Bancorp, Inc. and First Texas BHC, Inc.
Dallas, TX
RAFAEL GARZA Co-Founder and managing director of Bravo Equity Partners in Fort Worth, Texas
Boards
Atmos Energy (724)
Age: 56
Garza has strong political, diplomatic and international business skills that he has developed through his experience as the United States’ Ambassador to Mexico from 2002 to 2009, and as an international business consultant and attorney. In addition, he has extensive experience in public policy development, strategic relationships with government officials and government relations experience including prior experience working with the Mexican government. Garza also has a solid understanding of KCSM’s operations developed through his service on its board of directors. Garza also served as Chairman of the Texas Railroad Commission from 1998 to 2002.
Mexico City, MX
ANTONIO O. GARZA Former Ambassador to Mexico LATINO LEADERS JULY / AUGUST 2019
Boards
54
Kansas City Southern (815)
Age: New York City, NY
LILI GIL-VALLETA CEO and Co-Founder, CIEN+ and Culturintel Boards
"I believe it is mathematically impossible for companies to achieve their full potential in business without cultural intelligence embedded into everything they do. As Latino leaders, we have the opportunity, and responsibility, to intentionally turn our cultural advantage into a business superpower for growth."
Recognized cultural intelligence® expert, World Economic Forum Young Global Leader and an award-winning entrepreneur. An immigrant from Colombia. After a successful corporate career including a 10-year tenure at Johnson & Johnson, Lili co-founded CIEN+ and CulturIntel. Lili serves as a board member of the Harvard Women's Leadership Board, National Board of Directors of the YMCA USA, mentor to the Stanford Latino Entrepreneur Leaders Program and was appointed by Governor Cuomo as a member of the New York State Council on Women and Girls and was appointed in 2018 by Mayor Bill de Blasio as a Member of the NYC Technology Leadership Advisory Council.
Zumiez, AUA Private Equity Partners, LLC
Board Members 2019-REGULAR.indd 54
28/10/19 14:43
ANDRES GLUSKI President & CEO The AES Corporation Boards
THE 2019 LIST
During his tenure as President and CEO since 2011, Andrés has led a major reorganization and cost savings program that has transformed the company, resulting in over $250M in annual savings to-date with an additional $150M in annual savings targeted by 2020. He has been invited to serve as an expert witness at US Congressional hearings on the subject of energy policy and Latin America. In 2012, he was named International CEO of the year by Latin Trade Magazine. From 2013 to 2016, he served on President Obama’s Export Council. He currently serves on the US-Brazil CEO Forum and the US-India CEO Forum. He is a member of the Board of The AES Corporation, Waste Management and AES Gener.
Washington DC
AES Corporation, AES Gener, Fluence, Waste Management
Age:
Served as the Chief Financial Officer of Cardinal Health, Inc., a global, integrated healthcare solutions company, from January 2018 to August 2019.Prior to serving as Cardinal Health’s CFO, he served as chief financial officer of the company’s Medical segment, chief financial officer of the Pharmaceutical segment, corporate treasurer, corporate controller and head of corporate development. Before joining Cardinal Health, Gomez held multiple executive and managerial roles at General Motors Corporate, including executive and managerial posts in New York, Singapore, Belgium and Brazil.
JORGE M. GOMEZ E.V.P. Chief Financial Officer, Dentsply Sirona, Inc. Boards
LATINOS ON BOARDS
Age: 61
Xylem (574)
Age: 58 Miami, FL
MANUEL "MANNY" GONZALEZ President MGM Consulting/MGM Capital Boards
Greatness is not what we accumulated for ourselves but rather what we produce for others - in what we produce for others is the definition of who and what we are.
Manny was recognized with the National Hispanic Medical Association's Leadership Award for the role companies he leads have had on improving the health of under served populations. He is a graduate of Cornell University and Harvard University.
Capital Bank, SoftBoost
Age: 49 Texas
RACHEL GONZALEZ EVP General Counsel Starbucks Corp. Dana Holding (393)
Age: 65 Chicago IL
RICHARD GONZALEZ Chairman and CEO AbbVie Boards
AbbVie (110)
Board Members 2019-REGULAR.indd 55
Rick serves as the Chairman of AbbVie Inc. and has been its Chief Executive Officer at AbbVie Inc. since 2012. Previously, he served as an Executive Vice President of Pharmaceutical Products Group at Abbott Diabetes Care Inc., since July 1, 2010. He served as President of Abbott Ventures, Inc. at Abbott Diabetes Care, Inc. since 2009. He was responsible for Abbott's global pharmaceutical business, including commercial operations, research and development and manufacturing. He has served more than 30 years in various capacities at Abbott.
LATINO LEADERS JULY / AUGUST 2019
Boards
Previously served as chief administrative officer of Sabre, a leading technology solutions provider to the global travel and tourism industry. Previous to this role, she served as executive vice president and general counsel of Sabre. Prior to Sabre, Gonzalez worked at Dean Foods Company, ultimately holding the title of executive vice president, general counsel and corporate secretary. She also held executive positions with Affiliated Computer Services, Inc. and was partner in the law firm of Morgan, Lewis & Bockius.
55
28/10/19 14:43
LATINOS ON BOARDS THE 2019 LIST
Age: 74
Served as a director of PAA’s general partner or former general partner from 1999 until 2016. Founder of Ex Cathedra LLC. Goyanes served as Chairman of Liberty Natural Resources from 2009 until 2011. From 2000 to 2009, he was President and CEO of Liberty Energy Holdings, LLC. From 1999 to 2000, he was a financial consultant specializing in natural resources. From 1989 to 1999, he was Managing Director of the Natural Resources Group of ING Barings Furman Selz. He was a financial consultant from 1987 to 1989 and was Vice President-Finance of Forest Oil Corporation from 1983 to 1987. From 1967 to 1982 Goyanes served in various financial and management capacities at Chase Bank, where his major emphasis was international and corporate finance to large independent and major oil companies.
EVERARDO GOYANES Founder, Ex Cathedra LLC Boards
Plains GP Holdings (115)
Age: 49
Gracias has over 15 years experience investing in a variety of sectors including private equity, public equity, and real estate transactions. He's Valor's Founder and CEO. Prior to founding Valor in 2001, served as Founder and Managing Member of MG Capital from 1995 through 2000, a private equity firm headquartered in Chicago. He served as the CEO of MG Capital's electronic connector holdings, Connector Service Corporation. He managed the company through growth from $10 million to $125 million in revenue before exiting the investment in 2001. Served as CEO of Industrial Powder Coatings, Inc., and as Associate with Goldman, Sachs & Co. in New York where he served the firm's institutional clients in the International Equity Division.
Chicago, IL
ANTONIO J. GRACIAS CEO Valor Boards
Tesla (260)
Age: 71 Los Angeles, CA
LINDA GRIEGO Independent Director Boards
"La mujer que adelante no mira, atrás se queda" (she who does not see ahead, will be left behind) inspired me to take risks without regret and to never look back.
Founder of Engine Co. No. 28, a restaurant in downtown Los Angeles in 1988. She also served as Interim President and Chief Executive Officer of the Los Angeles Community Development Bank and was Deputy Mayor of Los Angeles. Griego is currently a director of CBS Corporation and the American Balanced Fund, the Income Fund of America, the International Growth and Income Fund, the Developing World Growth and Income Fund, the Smallcap World Fund, the Growth Fund of America, and the Fundamental Investors, which are managed by Capital Group. She previously chaired the Board of Southwest Water Company and served as a Los Angeles Branch Director of the Federal Reserve Bank of San Francisco.
AECOM (164), CBS Corp.(197), American Funds
Age: 65
Carlos served as U.S. Secretary of Commerce in the administration of President George W. Bush from February 2005 to January 2009. Prior to his government service, Secretary Gutierrez was with Kellogg Company for 30 years. His highly successful service as Chief Executive Officer and Chairman of Kellogg Company provides him deep insight into the complex challenges faced by a growing organization in a highly competitive business environment. Additionally, his experience as U.S. Secretary of Commerce provides the Board exceptional knowledge and insight into the complex environment of international commerce.
Maryland
CARLOS M. GUTIERREZ Chair, Albright Stonebridge Group, Former U.S. Secretary of Commerce and President & CEO The Kellogg Co.
LATINO LEADERS JULY / AUGUST 2019
Boards
56
Occidental Petroleum Corporation (220), MetLife 43), Price Waterhouse Coopers PwC, Viridis Learning
Age: New York
MAURICIO GUTIERREZ CEO NRG Energy Boards
Modern leaders are responsible for creating safe and inclusive workplaces where every voice matters; it’s my privilege to lead a thriving organization that celebrates our different backgrounds, perspectives and preferences.
Mauricio Gutierrez is President and CEO of NRG. Gutierrez joined NRG in 2004 and helped build the company from a regional wholesale generation business to a national, Fortune 500, diversified energy company. Prior to becoming President and CEO, he held the position of Chief Operating Officer. During his tenure as COO, Gutierrez led NRG's engineering and construction activities related to new generation and repowering projects.
NRG Energy Inc.(269)
Board Members 2019-REGULAR.indd 56
28/10/19 14:43
XAVIER GUTIERREZ Managing Director Clearlake Capital Group Boards
Xavier was appointed to the U.S. Securities and Exchange Commission (SEC) Advisory Committee on Small and Emerging Companies. Xavier currently serves as a voting member of the United States Securities Exchange Commission Advisory Committee on Small and Emerging Companies, which provides a formal mechanism for the SEC to receive advice and recommendations on privately held small businesses and publicly traded companies with a market capitalization less than $250 million.
Commercial Bank of California
Age: 58 Cincinnati, OH
MELANIE HEALEY Retired Group President for Procter & Gamble
“ Always be willing to step out of your comfort zone, steepen your learning curve, be counted on to deliver with excellence and lead with courage, trust and most importantly, integrity.”
Melanie is the former Group President of The Procter & Gamble Company. She served in this role from 2007 to 2015. During her tenure at Procter & Gamble beginning in 1990, she held a number of positions of responsibility, including Group President and advisor to the Chairman and CEO, Group President of North America and Group President for the Global Feminine and Health Care Sector. Her deep experience in marketing and operations, including her 18 years outside the United States, provides Boards with strategic and operational leadership and critical insights into brand building and consumer marketing trends globally.
Verizon (16), Target (39), Hilton (324) and PPG Industries (191)
LATINO LEADERS JULY / AUGUST 2019
Boards
LATINOS ON BOARDS
Houston, TX
“I firmly believe that America’s continued global market competitiveness is fueled by the economic empowerment of the Latino community. And corporate board leadership, along with business and capital ownership are central to US Latino economic advancement.”
THE 2019 LIST
Age: 45
57
Board Members 2019-REGULAR.indd 57
28/10/19 14:43
LATINOS ON BOARDS THE 2019 LIST
Age: Dallas, TX
CARLOS M. HERNANDEZ CEO Fluor Boards
Fluor (153)
Hernandez was the executive vice president, chief legal officer for Fluor Corp. and served as corporate secretary. Joined Fluor in 2007. Previously he served as general counsel for ArcelorMittal Americas, a major steel producer which is part of the ArcelorMittal steel group. Hernandez has also served as general counsel and secretary of International Steel Group. prior to its acquisition by Mittal Steel Company. Before joining ISG, he served as EVP, general counsel and secretary for Fleming Companies, Inc., in Dallas. From 1984 to 1999, Hernandez served in a number of different legal capacities including assistant general counsel for Armco Inc. a steel company, in Pittsburgh. Early in his career, he worked as a civil engineer with HNTB. Bachelor of Science degree in civil engineering from Purdue University and a Juris Doctor degree from the University of Miami School of Law.
Age: 63 California
ENRIQUE "RICK" HERNANDEZ JR. Chairman and CEO Inter-Con Security Systems, Inc Boards
Hernandez earned both his bachelor’s and law degrees from Harvard University, is chairman of the board of the McDonald’s Corporation and he currently serves on the board of directors of the Chevron Corporation, as well as a trustee of the John Randolph Haynes and Dora Haynes Foundation. Hernandez previously served as the chairman of the board of Nordstrom, Inc. from 2005 to 2016, on the board of directors of Wells Fargo & Company, as chairman of the board of Loyola High School, Los Angeles, as well as president of the Los Angeles Police Commission.
McDonald's (131), Chevron (13)
Age: 74 New York
ROBERT M. HERNANDEZ Former Vice Chairman of the Board and Chief Financial Officer of USX Corporation
Boards
Joined U.S. Steel Corporation, the predecessor of USX, in 1968, and held positions of increasing responsibility in the financial and operating organizations, including VP and Treasurer from 1984 to 1987, SVP and Controller from 1987 to 1989, President, U.S. Diversified Group from 1989 to 1990, SVP, Finance from 1990 to 1991, and EVP and CFO from 1991 to 1994. Hernandez is Lead Director of Chubb Limited and a member of the Board of Trustees of BlackRock Open-End Mutual Fund Boards. He was non-executive Chairman of the Board of RTI International Metals, Inc. from 1990 until 2015 and a member of the Board of Directors of USX from 1991 until 2001.
Eastman Chemical (310)
Age: 61
ROLAND A. HERNANDEZ Retired Chairman of the Board Belmond Ltd. LATINO LEADERS JULY / AUGUST 2019
Boards
58
Director, officer or partner and owner of minority interests in privately held companies engaged in real estate, investment, media and security services for the past five years. Founding principal and Chief Executive Officer of Hernandez Media Ventures, a privately held company engaged in the acquisition and management of media assets.
Fox, MGM Resorts (280), Vail Resorts (985), US Bancorp (122)
Age: 60 San Francisco, CA
SANDRA R. HERNANDEZ President and CEO of the California Health Care
She is a gubernatorial appointee to the Board of Covered California, the California health insurance marketplace. Prior to joining CHCF, she was CEO of The San Francisco Foundation, which she led for 16 years. Previously served as Director of Public Health for the City and County of San Francisco and co-chaired San Francisco’s Universal Healthcare Council. B.A., 1979, Yale University; M.D., 1984, Tufts School of Medicine; Senior Executives in State and Local Government certificate program, Harvard University’s John F. Kennedy School of Government.
Foundation
Boards
First Republic Bank (744)
Board Members 2019-REGULAR.indd 58
28/10/19 14:44
WILLIAM H. HERNANDEZ Former Finance, and chief financial officer of PPG Industries, Inc.
Boards
Northrop Grumman (118), Albemarle (723), USG (708)
Age: 57 Washington DC
GEORGE HERRERA President & CEO of the Herrera-Cristina Group Boards
THE 2019 LIST
PPG’s corporate controller from 1990 to 1994, Hernandez previously held a number of positions with Borg-Warner Corporation and Ford Motor Company. He is a certified management accountant and has taught finance and management courses at Marietta College. He was named Best Chief Financial Officer for the Chemical Industry four times by Institutional Investor magazine. He is a member of the board of directors of Albemarle Corporation and USG Corporation. Hernandez earned a bachelor’s degree in economics from the University of Pennsylvania’s Wharton School and a master’s degree in business administration from the Harvard Business School.
Illinois
"As you travel through life’s journey, be yourself, be unique, but please be an original.. But never forget your part of a Latino community. Never forget your part of a Nation. But more importantly never forget that your part of a human family..."
LATINOS ON BOARDS
Age: 71
Herrera is the founder and President & CEO of the Herrera-Cristina Group, Ltd, a Hispanic-owned, multidisciplinary management firm, specializing in marketing, communications, corporate diversity, public affairs, event planning, and research. Founded in 2003, with offices in New York City and Washington, DC, the Herrera-Cristina Group has an impressive roster consisting of Fortune 500 companies and national organizations as clients.
Wynham Worldwide (479)
Age: 64
RICHARD J. HERRERA Founder of Full Throttle Indoor Kart Racing, Inc. Amerco (676)
Age: 59 Miami, FL
CHARLES M. HERINGTON Vice Chairman and President at Zumba Fitness LLC Boards
Molson Coors Brewing
He also sits on the boards of Klox Technologies and Hy Cite Enterprises. Previously served as a director of NII Holding (Nextel International) where he also served as Chairman of the compensation committee. He also served as a director of the predecessor company, Adolph Coors Company, since 2003. From 2006 to 2012, he held positions of increasing responsibility leading up to office of the Chairman/EVP of Emerging and Developing Market Group at Avon Products Inc., a global consumer products company. From 1999 to 2006, Herington was President and CEO of AOL Latin America. Prior to that, he served as President at Revlon Latin America from 1997 to 1999. From 1990 to 1997, he held a variety of executive positions in several different geographies leading to division president with Pepsico Restaurant International. From 1981 to 1990, he held various marketing and executive positions in different countries at Procter & Gamble.
Age: 62 Washington, D.C.
MICHAEL P. HUERTA Former Administrator FAA Boards
Delta Airlines (75)
Board Members 2019-REGULAR.indd 59
Before being named as Administrator, Huerta served as Acting Administrator of the FAA from 2011 to 2013 and FAA Deputy Administrator from 2010 to 2011. Throughout his career, he has held key transportation industry roles in both the public and private sectors. Before joining the FAA, Huerta was President of the Transportation Solutions Group at Affiliated Computer Services (now Conduent), and prior to that, he held senior positions in the U.S. Department of Transportation in Washington, D.C. Huerta served as Executive Director of the Port of San Francisco, and was Commissioner of New York City’s Department of Ports, International Trade and Commerce. He was recently appointed as Senior Advisor to Macquarie Capital.
LATINO LEADERS JULY / AUGUST 2019
Boards
Richard Jay Herrera founded Full Throttle Indoor Kart Racing, Inc. He is on the board of AMERCO and Amerco Real Estate Co. and Member of National Association of Corporate Directors. Previously he was President, CEO & Director at Full Throttle Indoor Kart Racing, Inc., Executive Vice President at Arthur P. Anderson LLC, Executive Vice President-Marketing & Sales Manager at Eastern Seaboard Packaging, Inc., Sales Manager at Air Draulics, Inc. and Director & Vice President-Marketing at U-Haul International, Inc.
59
28/10/19 14:44
LATINOS ON BOARDS THE 2019 LIST
Age: 60 Pennsylvania
ANTHONY A. IBARGUEN Former Interim CEO Insight Enterprises Boards
Appointed CEO of AquaVenture Holdings LLC in 2019 and has served on its Board of Directors since 2014. He previously served as President of AquaVenture since 2014. AquaVenture is a New York Stock Exchange listed multinational provider of water purification and treatment services and technologies. Has also served as the Chief Executive Officer of Quench USA, Inc., an AquaVenture subsidiary. In 2018, Ibargüen was elected to serve on the Board of Directors of the Federal Reserve Bank of Philadelphia. From 2004 to 2008, he was President and Chief Executive Officer of Alliance Consulting Group, a privately-held IT consulting firm, and prior to that, he was in leadership roles at several IT industry companies, including as President and member of the Board of Directors of Tech Data Corporation
Insight Enterprises (417)
Age: San Francisco, CA
BEATRIZ INFANTE CEO Business Excelleration Boards
Public and private company Board Director and former 4X CEO with a multi-faceted career in companies that disrupted markets and value chains, leading both early stage and F100 organizations through $2B in revenues across a variety of technology sectors. She has been named an NACD Directorship 100 honoree, Financial Times Top 50 Digital Directors, and is an NACD Board Leadership Fellow. She is the author of The Mandate for Corporate Renewal: A Leader’s Guide. BSE in Electrical Engineering and Computer Science from Princeton University and an MS in Engineering Science from the California Institute of Technology.
Ribbon Communications, Liquidity Services, PriceSmart (733)
Age: 65 California
MERCEDES JOHNSON Former Interim Chief Financial Officer of Intersil Corp. Boards
Previously served as Interim Chief Financial Officer of Intersil Corporation from April 2013 to September 2013, Chief Financial Officer of Avago Technologies, Inc. from 2005 to 2008, and Senior Vice President, Finance and Chief Financial Officer of Lam Research Corporation from 1997 to 2004. For the past 13 years, Johnson has served as a board member for a number of public companies including Storage Technology Corporation, Intersil Corporation, Micron Technology, Inc., Juniper Networks, Inc. and Teradyne, Inc.
Synopsys (789), Teradyne (928)
Age: 53 Florida
MANUEL KADRE Chairman and Chief Executive Officer of MBB Auto LATINO LEADERS JULY / AUGUST 2019
Boards
60
He also serves as the Chairman and CEO of many other luxury automobile dealerships in the Northeast. Kadre is a partner and director of Gold Coast Restaurants, which is the largest franchisee of TGI Friday’s in the United States. From 2009 until 2013, he was the CEO of Gold Coast Caribbean Importers, LLC. Kadre has served on the Board of Directors of Republic Services. since 2014 and was appointed as Chairman of the Board of Directors of Republic Services, Inc. in 2017. Has also served on the Board of Directors for Home Depot since 2018 and also serves on the Board of Trustees of the University of Miami and on the Board of Governors of University of Miami Hospital.
The Home Depot (23), Mednax (670), Republic Services (296)
Age: 70 New York City, NY
MARIA ELENA LAGOMASINO Independent Director Boards
Maria Elena has worked with financially successful families for more than three decades. As CEO and Managing Partner of WE Family Offices, a global family office serving ultra high net worth families, she engages client families to build their wealth enterprises and provides the support and control they need to manage their wealth as a successful business enterprise. She is a recognized leader in the wealth management industry, and is a founder of the Institute for the Fiduciary Standard.
The Walt Disney Co.(55) The Coca-Cola Company (87)
Board Members 2019-REGULAR.indd 60
28/10/19 14:44
Board Members 2019-REGULAR.indd 61
28/10/19 14:44
LATINOS ON BOARDS THE 2019 LIST
Age: 69 St. Louis, MO
Served on the Nominating and Corporate Governance Committee.Prior to his retirement, Gustavo had worked for the Monsanto Company in various capacities for over 24 years.
GUSTAVO LARA CANTU Independent Director Boards
American Tower
Age: 58 Detroit, MI
GRACE LIEBLEIN Independent Director Boards
Be sure to take opportunities that get you out of your comfort zone, (cross functional assignments, relocating, new teams...) These opportunities are where you will grow both personally and professionally.
She was the first woman to be named as President and Managing Director of GM Mexico, and later served as President and Managing Director of GM Brazil. In 2005, Automotive News named her as one of the Top 100 Women in the Auto Industry; She was named "Latino Executive of the Year" as part of the 2006 Urban Wheels Awards; In 2008, she was awarded the Corporate Achievement Award by the Society of Hispanic Professional Engineers and in 2008, the president of the Kettering/General Motors Institute Alumni Association presented her with the Engineering Achievement Award.
Honeywell (77), Southwest Airlines (142), American Tower (419)
Age: Houston, TX
Longoria serves on the Board of Directors of the Houston Division of the Federal Reserve Bank of Dallas, and on the board of Superior Energy Services, Inc. based in Houston. She is the former Chairman of Port Houston. After serving a total of 16 years, including 6 years as Chairman, she was term-limited after January 31, 2019.
JANIECE LONGORIA Former Chairman Port of Houston Boards
Superior Energy Resources (991)
Age: 62
Nancy is a Co-Founder of the NancyLopezGolf(TM) brand of women's golf clubs and accessories. She has been a member of the Tour Division of the Ladies Professional Golf Association since 1977 and was inducted into the LPGA(R) Hall of Fame in 1987 and captained the 2005 U.S. Solheim Cup Team to victory. She serves as a Director of Women's Golf Unlimited, Inc. since January 1, 2001. She also serves as a member of the Commissioner Advisory Board and the Foundation Board of the LPGA. She has significant leadership, operating, marketing, in dealing with the public and media as a renowned professional athlete. She is also active in several charitable causes.
Canada
NANCY LOPEZ Founder Nancy Lopez Golf Co. LATINO LEADERS JULY / AUGUST 2019
Boards
62
J.M. Smucker (383)
Age: 60 San Diego, CA
GERARDO "GERRY" LOPEZ Operating Partner & Head Operating Group SoftBank
A key life lesson, learned early as an immigrant to this great country: leave it better than you found it. A job, a house, a company, a school. Make a mark by leaving it better for those who’ll follow.
Investments/SoftBank Vision Fund
Boards
Previously served as an Operating Partner at High Bluff Capital from 2018 to 2018. He was a Senior Advisor to Extended Stay America and its paired-share REIT, ESH Hospitality. President and CEO from 2015 to 2017. Lopez previously served as President, CEO, and on the Board of Directors of AMC Entertainment Holdings, Inc. and its subsidiary, AMC Entertainment Inc. from 2009 through 2015. Prior to that, he served as EVP of Starbucks Coffee Company and President of its Global Consumer Products, Seattle's Best Coffee and Foodservice divisions from 2004 to 2009, and President of the Handleman Entertainment Resources division of Handleman Company from 2001 to 2004. Lopez has also held a variety of executive management positions with International Home Foods, Frito Lay, Pepsi-Cola and the Procter & Gamble Company.
CBRE (207), Newell Brands (196), Realty Income
Board Members 2019-REGULAR.indd 62
28/10/19 14:44
Tucson, AZ
Boards
THE 2019 LIST
Humberto S. Lopez has been President of HSL Properties, Inc. (real estate development and investment), Tucson, Arizona since 1975.
HUMBERTO S. LOPEZ President, HSL Properties, Inc Pinnacle West Capital (654)
Age: 57
PATRICIA LOPEZ CEO High Ridge Brands Co.
Lopez served as a Senior Vice President at Estée Lauder Companies Inc. from January 2015 to July 2016, a Senior Vice President at Avon Products, Inc. from December 2012 to November 2014 and previously held various positions at The Procter & Gamble Co. for 25 years, most recently serving as a Vice President and General Manager overseeing its Eastern Europe business.
Domino's Pizza (776), High Ridge Brands
LATINO LEADERS JULY / AUGUST 2019
Boards
LATINOS ON BOARDS
Age: 73
63
Board Members 2019-REGULAR.indd 63
28/10/19 14:44
LATINOS ON BOARDS THE 2019 LIST
Age:
In 2018, he became Chairman of AmeriSphere Companies, LLC. Mr. López was previously President and Chief Executive Officer of AmeriSphere, a company he founded in 1997 and which was acquired in 2015 by NorthMarq Capital, L.L.C. Prior to founding AmeriSphere, he was Chief Lending Officer for a life insurance company. He also currently serves on the board for Lamp, Rynearson & Associates, Inc. and as interim President and CEO of Children's Hospital & Medical Center in Omaha, Nebraska. Mr. López's qualifications to serve on our board of directors include his extensive financial experience, the leadership positions he has held in the investments, real estate and mortgage banking industries, as well as his years of experience as a director of several financial industry boards.
Omaha, NE
RODRIGO LOPEZ Executive Chairman of NorthMarq Capital Finance, L.L.C Boards
Mutual of Omaha (337)
Age: 62
Monica is one of the most respected Hispanic business leaders in America with a thirty year record of accomplishment leading diversified media organizations. She is a regular speaker at conferences and has won numerous awards including the Poder Business Leader Award, “Media Executive of the Year” from AHAA, US Hispanic Chamber of Commerce’s “CEO of the Year”, National Immigration Forum “Keeper of the American Dream” Award, NCLR “Raul Yzaguirre President’s Award”, and National Conference on Civil Rights “Hubert H. Humphrey Award”. She is also the 2016 recipient of the Maestro Award given by Latino Leaders Magazine.
Los Angeles, CA
MONICA LOZANO President & CEO College Futures Foundation Boards
Bank of America (24), Target (39)
Age: 58 Chicago, IL
JUAN R. LUCIANO Chairman and CEO Archer Daniels Midland Co. Boards
“History does not record intentions. History records results". Thucydides
Luciano joined ADM in 2011 as executive vice president and chief operating officer. He was named president in February 2014, and in January 2015 became the ninth chief executive in ADM’s 112-year history. He became chairman of the board in January 2016. Before joining ADM, Luciano had a successful 25-year tenure at The Dow Chemical Company, where he last served as executive vice president and president of the Performance division.
Eli Lilly & Co. (129), Archer Daniels Midland (48), Wilmar International
Age: 66 Dallas, TX
GUILLERMO "GIL" MARMOL President Marmol & Associates LATINO LEADERS JULY / AUGUST 2019
Boards
64
Stay the course. Critics, potholes, and pitfalls will litter the road as you make your journey. Be confident when you step over and around them that you will reach your destination.
Guillermo has a significant background in information technology and systems, and because of his experience having served on the boards of other publicly-traded companies. Through his long tenure as a management consultant focusing on strategic analysis and business processes, Guillermo brings valuable knowledge and expertise to his service on Boards.
Footlocker (363), The Vitamin Shoppe
Age: 71 New York
ROMAN MARTINEZ IV Retired Boards
In 2003, Roman retired as Managing Director of Lehman Brothers, an investment banking firm, following a 31- year career with the firm. He is involved in a broad spectrum of U.S. and international investment banking activities. He headed a sector of Lehman's investment banking division from 1986 to 1989. He serves as a Member of Investment Advisory Council at Florida State Board of Administration.
Cigna (73)
Board Members 2019-REGULAR.indd 64
28/10/19 14:44
Also on the board of Korn Ferry. In his past career Martinez held the position of Director at Deckers Outdoor Corp., Vice Chairman & Chief Executive Officer at Keen LLC, President & Chief Executive Officer of The Rockport Co. LLC and Chief Marketing Officer & Executive Vice President at Reebok International Ltd. He received an undergraduate degree from the University of California, Davis.
Boards
Tupperware Brands (894)
Age: 64 California
SARA MARTINEZ-TUCKER Chairman of the Board, The University of Texas System Boards
THE 2019 LIST
ANGEL R. MARTINEZ Retired Chairman & CEO Deckers Outdoor Corporation.
LATINOS ON BOARDS
Age: 63
My mother, Viola, once told me, “Initiative, mijita. Work isn’t about coming in and doing what’s expected. It’s about coming in every day and asking yourself what you can to do make things better, to make a difference.”
Former President and CEO of the National Math and Science Initiative. Tucker served as CEO and President at National Math and Science Initiative, Inc. from 2013 until 2015. Tucker served as the Under Secretary of the U.S. Department of Education from 2006 to 2008. Her responsibilities included overseeing policies, programs and activities related to postsecondary education, vocational and adult education, and federal student aid. She also served as the Chief Executive Officer and President of the Hispanic Scholarship Fund from 1997 to 2006. Previously, she worked for 16 years at AT&T and served as Regional Vice President of its Global Business Communications Systems.
American Electric Power (185), Nationwide (66), Service Corporation International (721), Sprint
Age: 72 Florida
MELQUIADES "MEL" MARTINEZ Chairman SouthEast & LatAm JPMorgan Chase Boards
Mel provides the Boards with the benefit of his vast experience in the public and private sector and his in-depth knowledge of and relationships within the Florida community, where our headquarters are located. Boards also benefits from his legal experience and knowledge of the legislative and regulatory processes. Mel served as a former politician who served as a United States Senator from Florida from 2005 to 2009.
NVR (444), Marriott Vacations Worldwide (966)
Age: 56 Miami, FL
JORGE MAS Chairman MasTec Mastec (428)
Age: 58 Miami, FL
JOSE R. MAS CEO MasTec Boards
Mastec (428)
Board Members 2019-REGULAR.indd 65
Jose R. Mas, is Chief Executive Officer of MasTec, Inc. Mr. Mas was appointed CEO of MasTec in 2007 and during his tenure MasTec’s revenues have more than quadrupled and earnings have grown six fold. Since assuming the top executive position at MasTec, Jose has diversified the company into the growing fields of oil and gas pipeline construction, electric transmission line construction, renewable energy, and wireless infrastructure construction while expanding its traditional communications business. He serves on the U.S. Department of Commerce National Advisory Council on Minority Business Enterprises.
LATINO LEADERS JULY / AUGUST 2019
Boards
Chairman of the Board and Co-Founder of MasTec, Inc. and has been involved in all phases of the firm’s development since its creation in 1994. Mas began his career at Church and Tower, MasTec’s predecessor in 1984. He founded Neff Corporation a provider of rental construction and utility equipment. He is Managing Owner of the recently awarded Miami Major League Soccer franchise. Chairman of the Board of the Cuban American National Foundation (CANF). He serves as director of the Mas Family Foundation. A graduate from the University of Miami with a Bachelor’s degree in Business Administration in 1984 and a Master in Business Administration in 1985.
65
28/10/19 14:44
LATINOS ON BOARDS THE 2019 LIST
Age: 73
Previously, co-founded Deming Mendoza & Co., LLC, a corporate finance advisory firm, and served as one of its partners from 2009 to 2010. Mendoza served as non-executive chairman of Trinsum Group from 2007 to 2008. In 2007, Trinsum Group was formed as a result of a merger of Marakon Associates and Integrated Finance Limited, a financial advisory company that Mendoza co-founded and of which he served as chairman of the board and managing director from 2002 to 2007. He also served as managing director of Goldman Sachs from 2000 to 2001. From 1967 to 2000, Mendoza held positions at J.P. Morgan & Co. Inc., serving as director and vice chairman of the Board. He currently serves as a director of PartnerRe Ltd., ManpowerGroup Inc., and Quinpario Acquisition Corp. 2.
ROBERTO G. MENDOZA Managing Director Foros Group Boards
Western Union (494)
Age:
Founder, President and CEO at FBM he has 25 years of industry experience. Prior to founding the company in 2011, Mendoza served as the CEO of AMS, a leading distributor of wallboard, acoustical suspended ceiling systems, lath and plaster products, doors and other building products. Originally joined AMS in 1991 and assumed the CEO role in 2003 after several years as AMS’ Vice President and Sales Manager. AMS grew significantly under his leadership, through greenfields and strategic acquisitions. Mendoza attended California State University and has completed executive education at Harvard Business School, Wharton School of Business and Northwestern. As CEO and founder, Mendoza brings deep understanding of business, operations and strategic planning.
Dallas, TX
RUBEN MENDOZA President and Chief Executive Officer of FBM Boards
Foundation Building Materials (943)
Age: 57
He was employed by P&G, a global marketer of consumer products, in various marketing and leadership capacities for 29 years from 1984 to 2013. During his tenure at P&G, he served as Group President – New Business Creation and Innovation from March 2012 until June 2013, Group President – Special Assignment from January 2012 until March 2012, Group President, Global Fabric Care from 2007 to 2011 and President, Global Home Care from 2001 to 2007, also serving as President of Commercial Products and President of P&G Professional from 2006 to 2007.
New Jersey
JORGE S. MESQUITA Former EVP & Worldwide Chairman, Consumer of Johnson & Johnson
Boards
Mondelez International (117)
Age: 64 San Francisco, CA
LOUIS "LOU" MIRAMONTES Independent Director LATINO LEADERS JULY / AUGUST 2019
Boards
66
The time is now for talented Latinos to serve Corporate America at the Board level. Our individual perspectives and experiences provide diverse views and tremendous value to Corporate Boards.
Lou has an extensive experience supporting Board of Directors and C Level executives of public and private companies on governance, compliance, financial reporting and key operational matters. Also a founding member of KPMG’s Diversity Advisory Board. He holds a B.S. degree in Business Administration from California State University, East Bay. He is also an audit committee financial expert as defined under SEC rules.
Rite Aid Corporation (94), Lithia Motors (294)
Age: 45 Dallas, TX
IVONNE MONTEAGUDO Independent Director, Chair of Nominating and Governance Committee ACCO Brands
Boards
“As the first Latina Executive or Board Member in several companies, I have noticed that non-diverse groups ONLY realize the perspective that was missing AFTER they add the first diverse person”
As an experienced Board Member and Senior Operating Executive with a strong background in Global Marketer of consumer-packaged goods, food, health care and retail multi-national companies, Ms. Monteagudo brings to the Board a diverse perspective regarding Domestic and International Markets. She has extensive experience in General Management, Sales and Marketing including Innovation, Digital Marketing and E-Commerce, across a wide array of product categories, deep understanding of Millennials and Hispanic consumers as well as a demonstrated capability in strategic planning, acquisitions due diligence, organization development and cultural transformation.
ACCO Brands (968)
Board Members 2019-REGULAR.indd 66
29/10/19 12:25
MICHAEL MONTELONGO GRC Advisory Services, LLC Boards
Served as chief administrative officer and senior vice president, public policy and corporate affairs for Sodexo, Inc. Previously, he was a Bush White House appointee serving as the 19th assistant secretary for financial management and CFO of the U.S. Air Force and concluded his tenure at the Pentagon as acting secretary of the Air Force. A public policy expert, he is a lifetime member of the Council on Foreign Relations. Before joining the Bush administration, Montelongo was an executive with a global management consulting firm, a regional telecommunications company, and completed a career in the U.S. Army that included line and staff assignments, a Congressional Fellowship in the U.S. Senate, and service as an assistant professor teaching economics and political science at West Point.
HerbalLife Nutrition
Age: 58
LATINOS ON BOARDS
Phoenix, AZ
THE 2019 LIST
Age: 64
Dallas, TX
JAIME MONTEMAYOR Founder and CEO DosDos Technologies Northwestern Mutual (104)
LATINO LEADERS JULY / AUGUST 2019
Boards
Jaime serves as the Chief Technology Officer of 7-Eleven Inc. Previously, he served as Chief Information Officer and Senior Vice President of Frito-Lay North America, Inc. until July 2016. At 7-Eleven Inc., he is responsible for delivery of information technology strategy and services across all stores and support centers in North America.
67
Board Members 2019-REGULAR.indd 67
28/10/19 14:44
LATINOS ON BOARDS THE 2019 LIST
Age: 67
Served as Deputy CEO and Vice Chairman of Deloitte LLP from 2011 through her retirement in 2014. Prior to these positions, she held numerous senior management roles at Deloitte, including Managing Partner (Leadership Development and Succession, Deloitte University), and Regional Managing Partner from. During Montiel’s tenure at Deloitte, she was the Advisory Partner for many engagements in which Deloitte was the principal auditor. She is a Board member of AptarGroup, Inc. where she chairs the Audit Committee, and a Board member of McCormick & Company where she is a member of the Compensation Committee.
Miami, FL
MARITZA G. MONTIEL Independent Director Boards
Royal Caribbean, McComrick & Co. (539), APTARGroup (834), Comcast (33)
Age: 72 Ohio
JORGE P. MONTOYA Retired President P&G Latin America Boards
“A true leader is humble and always practice sservant leadership. Seek what you can do for you rorganization and not what the organization can do for you”.
Gap Inc, The Kroger Company (17)
Age: 68
Serves on the Board of Directors of GNC Holdings, Inc, a leading global specialty retailer of health and wellness products. Was Chairman from 2017 through 2018. Moran also served as Interim CEO of GNC. Chairman of the Board of PetSmart, Inc., from 2012 to 2013 and as CEO from 2009 to 2013. He joined PetSmart as President of North American Stores in 1999, and in 2001 he was appointed President and COO. From 1998 to 1999, Moran was President of Toys “R” Us (Canada) Ltd., subsidiary of Toys “R” Us, Inc. Prior to 1991 for a total of 20 years, Moran was employed by retailer Sears, Roebuck and Company in a variety of financial and merchandising positions, including as President and CEO of Sears de Mexico. He was also CFO and EVP of Galerias Preciados of Madrid, Spain, a leading department store, from 1991 to 1993. He also serves as a director of the USA Track and Field Foundation.
ROBERT F. MORAN Independent Director Boards
President of The Procter & Gamble Company’s Global Snacks & Beverage division, and President of Procter & Gamble Latin America, from 1999 until his retirement in 2004. Prior to that, he was an Executive Vice President of Procter & Gamble, from 1995 to 1999. He has 30 years of leadership experience at a premier consumer products company. He has a deep knowledge of the Hispanic market, as well as consumer products and retail operations. Montoya has vast experience in marketing and general management, including international business.
Hanes Brands (433)
Age: 67 Washington DC
GEORGE MUÑOZ President Muñoz Investment Banking Group LATINO LEADERS JULY / AUGUST 2019
Boards
68
“Rapid changes in demographics, innovation and disruptive technologies are causing Boards to open up to diversity and inclusion of heretofore unrepresented voices and perspectives.”
Muñoz has been a principal in the Washington, D.C.-based investment banking firm Muñoz Investment Banking Group, since 2001. He has also been a partner in the Chicago-based law firm Tobin, Petkus & Muñoz (now Tobin & Muñoz) since 2002. He served as President and CEO of Overseas Private Investment Corporation from 1997 to 2001. Muñoz was CFO and Assistant Secretary of the U.S. Treasury Department from 1993 until 1997. He is a certified public accountant and an attorney. He serves on the board of directors of Altria Group, Inc., Anixter International, Inc., and Laureate Education, Inc. He also serves on the board of trustees of the National Geographic Society.
Marriott International (127), Anixter International (357), Altria Group (154), Laureate Education (568)
Age: 60 Chicago, IL
OSCAR MUÑOZ CEO United Airlines Boards
Oscar once served as president and chief operating officer of CSX Corporation, a premier freight transportation company. He also served as a director at CSX. During his tenure, CSX transformed itself into an industry leader in customer focus, reliability and financial performance. He has been named one of the “101 Most Influential Latinos” by Latino Leaders Magazine
United Continental Holdings (81)
Board Members 2019-REGULAR.indd 68
28/10/19 14:44
Board Members 2019-REGULAR.indd 69
28/10/19 14:44
LATINOS ON BOARDS THE 2019 LIST
Age: 60 Texas “Perseverance wins the race every time!”
ELSA MURANO Independent Director Boards
In 2001, Elsa was appointed by President George W. Bush to serve as Undersecretary for Food Safety for the U.S. Department of Agriculture. As the country’s highest-ranking food safety official, Elsa oversaw the USDA Food Safety Inspection Service and the third-largest beef recall in America’s history. The incident spurred her to substantially reform the inspection service; under her leadership, food recalls dramatically decreased. She is also the 2018 recipient of the Maestro Award given by Latino Leaders Magazine.
Hormel Foods (323), Food Safety Net Services
Age: 52 San Francisco Bay Area
ANTONIO F. NERI President & CEO Hewlett Packard Enterpise Boards
“The day I stop learning or have less curiosity is the day I stop working, because that’s what motivates me.”
Antonio has been President and CEO since February 2018. He served as President of HPE from May 2017 to February 2018. Antonio led the strategy, development and introduction of many breakthrough innovations at HP and HPE, including: HPE Apollo, the industry leading high performance compute platform; HPE Superdome X, the world’s most scalable and modular in-memory computing platform; HPE Synergy, the world’s first composable infrastructure platform, among others.
Hewlett Packard Enterprise (107), Anthem (29)
Age: 63 Chicago, IL
LOUIS P. NIETO Independent Director Boards
I’ve always shared this advice with my three daughters. “Never allow some else to define your potential or capabilities. Always strive to be your best, especially if you are a woman or a person of color.”
Auto Zone (278), Ryder System (387), Fresh & Ready Foods
Age: 56
GUILLERMO NOVO President and Chief Executive Officer, Versum Materials LATINO LEADERS JULY / AUGUST 2019
Boards
70
Having spent over 28 years in the industry, Lou has deep domain expertise and executive leadership capability in consumer foods; including, marketing and brand management, strategy, distribution, private label, ethnic, and dairy, and in implementation and change management. He received the 2007 Stars award from the Hispanic Alliance for Career Advancement (HACE). He is also the 2015 recipient of the Maestro Award given by Latino Leaders Magazine.
Novo began his career in 1986 with Rohm and Haas Company (which merged with Dow in 2009) and over the next 24 years progressed through a variety of commercial, marketing, and general management positions, living in South America, the U.S. and Asia. In 1998, he was named a vice president at Rohm and Haas, and in 2006 he became a corporate officer and one of five group executives on the corporate leadership team. He served as EVP, Materials Technologies of Air Products since 2014. He joined Air Products in 2012 as SVP Electronics, Performance Materials, Strategy and Technology. Prior to Air Products, he was employed by Dow Chemical Company where he most recently served as group vice president, Dow Coating Materials, a large specialty chemicals business.
Ashland Global Holdings (705)
Age: 61 Houston, TX
ELLEN OCHOA Former Director NASA Johnson Space Center Boards
Government Executive, Astronaut at NASA Johnson Space Center (1990-2012); first Hispanic female astronaut with nearly 1,000 hours in space, Branch Chief and research engineer, NASA Ames Research Center (1988-1990), led a group working primarily on optical systems for automated space exploration, Researcher, Sandia National Laboratories (1985-1988), investigated optical systems for performing information processing. MS, PhD (Electrical Engineering), Stanford University
Service Corp. International (721), Mutual of America Life Insurance Co. (712)
Board Members 2019-REGULAR.indd 70
28/10/19 14:45
Miami, FL
ARMANDO J. OLIVERA Retired Boards
Fluor (153), Lennar (230), Consolidated Edison (255)
Age: 74
From 2001 to 2007, Palomares was SVP at Capital One Financial Corp., and he was Chief Operating Officer of Capital One Federal Savings Bank banking unit from 2004 to 2007. Prior to joining Capital One, Palomares held a number of senior positions with Citigroup Inc. and its affiliates, including Chief Operating Officer of Citibank Latin America Consumer Bank from 1998 to 2001, CFO of Citibank North America Consumer Bank from 1997 to 1998, Chairman and CEO of Citibank Italia from 1990 to 1992, and President and CEO of Citibank FSB Florida from 1992 to 1997. Also serves on the Boards of Directors of Pan American Life Insurance Group, Inc. and the Coral Gables Trust Company. Palomares earned a B.S. degree in Quantitative Analysis from New York University.
Miami, FL
CARLOS M. PALOMARES President & CEO SMC Resources Boards
Regional Management Corporation
Age: 58 Dallas, TX
JAVIER PALOMAREZ Independent Director Boards
THE 2019 LIST
Armando is the retired president and chief executive officer (CEO) of Florida Power & Light Company (FPL), a subsidiary of NextEra Energy, Inc. and one of the largest investor-owned electric utilities in the nation. He was appointed president in 2003, CEO in 2008 and retired in 2012 after observing his 40th anniversary with the company.
LATINOS ON BOARDS
Age: 69
I’m privileged to serve on two immigrant founded companies’ boards. From DTE, a waste to energy start up, to MasTec, a construction and infrastructure corporation and the only Hispanic-owned company in the Fortune 500.
Javier has over twenty years of corporate and marketing experience, including leadership positions at Allstate Insurance Corporation, Sprint, Inc. and Bank of America, N.A. He is the former President and CEO of the United States Hispanic Chamber of Commerce. He is a sought-after spokesperson, thought-leader and strategist on the issues affecting America's consumers, particularly those in the Hispanic community. His opinions and points of view have appeared in leading publications including The Wall Street Journal, Business Week, USA Today and many others.
MasTec (428), DTE
Age: Washington, D.C.
SITO PANTOJA General VP, International Association of Machinists and Aerospace Workers Transportation Department
United Continental Holdings (81)
Age: 63 St. Louis, MO
GEORGE PAZ Retired Boards
Honeywell (77), Prudential (52)
Board Members 2019-REGULAR.indd 71
George was the former CEO of Express Scripts. George has extensive knowledge about Express Scripts and the opportunities and challenges we face, and brings over 30 years of experience to our board of directors, including over ten years as our chief executive officer and over six years as our chief financial officer. He has experience in relevant areas such as tax, financial reporting, accounting and controls, corporate finance, insurance and risk management, mergers and acquisitions, capital markets, government regulation, and employee health benefits.
LATINO LEADERS JULY / AUGUST 2019
Boards
Representative of the International Association of Machinists and Aerospace Workers (“IAM”) to the UAL Board since March 2016. Pantoja has served as the IAM General Vice President to the Transportation Department since 2012. The Transportation Department operates from IAM Headquarters and administers contracts in the railroad and air transport sectors in the United States. He was appointed as the IAM’s representative to the Federal Aviation Administration’s (FAA) Rulemaking Advisory Committee, which provides advice and recommendations to the FAA on rulemaking activity, such as aircraft operations, airman and air agency certification and airworthiness standards.
71
28/10/19 14:45
LATINOS ON BOARDS THE 2019 LIST
Age:
As EVP & Chancellor for Health Affairs and CEO at The Ohio State University, Paz leads the seven hospital and 1,700 physician Wexner Medical Center, seven health-sciences colleges, and 20+ research institutes. Before joining Ohio State, he served as EVP & CMO at Aetna and led clinical strategy and policy for Aetna’s global businesses. Prior to Aetna, he served as CEO of Penn State Hershey Medical Center & Health System, SVP for Health Affairs for Penn State University and dean of its College of Medicine. He is an adjunct professor of internal medicine at the Yale University School of Medicine. He serves on the National Academy of Medicine Leadership Consortium and have served on the boards of Select Medical Corporation, United Surgical Partners International, Research!America and the National Health Council.
Columbus, OH
HAROLD L. PAZ Executive Vice President & Chancellor for Health Affairs, Chief Executive Officer, Wexner Med Center
Boards
Select Medical Holdings (561)
Age: 49 Atlanta. GA
BEATRIZ "BEA" PEREZ SVP & Chief Communications, Public Affairs, Sustainability & Marketing Assets Officer, The Coca Cola Company
Boards
“You must reach out to the opportunity, take it in your hands, and mold it into a work that brings, value to your society.” (Roberto Goizueta)
Among Bea’s recognitions are membership in the American Advertising Hall of Achievement and the Sports Business Journal’s Hall of Fame. The Association of Latino Professionals for America (ALPFA) named Bea to its 2017 50 Most Powerful Latinas ranking. She has been recognized as a “Conservation Trailblazer” by The Trust for the Public Land. She was on Hispanic Executive magazine’s list of Top 10 Leaders, and she was featured as one of the “25 Most Powerful Latinas” on CNN and in People en Español.
W.W. Granger (287), Primerica Inc.
Age: 52 Miami, FL
JUAN R. PEREZ CIO & Engineering Officer UPS Boards
During his nearly 30-year career at United Parcel Service, Inc., Perez has developed a broad range of commercial, operational and technological expertise. In addition to his overall leadership experience, Perez has significant strength in the areas of supply chain management and logistics, digital technology, innovation and data analytics. He was identified as a potential director nominee by Egon Zehnder as part of the Governance Committee’s director succession planning process. He holds a Mater of Science from USC
Hershey (379)
Age: 65
LAREE PEREZ Investment Consultant DeRoy&Devereaux LATINO LEADERS JULY / AUGUST 2019
Boards
72
Martin Marietta Materials (607)
Age: Dallas, TX
SONIA PEREZ President @ AT&T Southwest Boards
She was previously Owner and Managing Partner of The Medallion Company, LLC, a consulting firm, from 2003 to 2015. From 1996 until 2002, she was Vice President of Loomis, Sayles & Company, L.P. Perez was co-founder of Medallion Investment Company, Inc. and served as President and CEO from 1991 until it was acquired by Loomis Sayles in 1996. Perez was previously a Director of GenOn Energy, Inc., a large power producer in the United States, where she was Chair of its Audit Committee and a member of its Risk and Finance Oversight Committee.
At AT&T she is responsible for developing the overall strategic direction of AT&T’s corporate activities throughout her region. She leads AT&T’s workforce, oversees operations including its technology deployment and infrastructure investment, and directs teams responsible for implementing public policy, legislative, regulatory and philanthropic initiatives. Pérez was named the first female president of AT&T Louisiana in 2010, having previously worked in various management capacities at AT&T in Houston and McAllen, Texas. She currently serves as Chair of the Board of the Louisiana Association of Business and Industry, and is past chair of the state’s business roundtable, the Committee of 100. Pérez is also a member of the board of the National World War II Museum in New Orleans.
Sanderson Farms (695)
Board Members 2019-REGULAR.indd 72
28/10/19 14:45
Board Members 2019-REGULAR.indd 73
28/10/19 14:45
LATINOS ON BOARDS THE 2019 LIST
Age: 71 Chicago, IL
WILLIAM D. PEREZ Managing Partner FamGen Boards
we all have to try to make a difference in preparing today’s youth for future challenges. Don’t rely on others. Todos somos responsables!
Bill was a senior advisor at Greenhill & Co., Inc., a leading independent investment bank focused on providing financial advice on significant mergers, acquisitions, restructurings, financings and capital raising to corporations, partnerships, institutions and governments, from 2010 to 2017. With his experience as CEO of several large, consumer-focused companies across a wide variety of industries, Bill contributes to Boards significant organizational and operational management skills, combined with a wealth of experience in global, consumer-oriented businesses.
Johnson&Johnson (37), Whirlpool (140), Johnson Outdors
Age: 62
Perez de la Mesa served as our president and chief executive officer from 2001 until his retirement at the end of 2018; he served as our president and chief operating officer from 1999 to 2001. Prior to leading Pool Corporation, he gained extensive general, financial and operations management experience with Watsco, Inc. from 1994 to 1999, Fresh Del Monte Produce B.V. from 1987 to 1994, International Business Machines Corp. from 1982 to 1987, and Sea‑Land Service Inc./R.J. Reynolds, Inc. from 1977 to 1982.
MANUEL PEREZ DE LA MESA Independent Director Boards
Pool Corp. (774)
Age: 63 Indiana
Ramey was the former Executive Vice President and Chief Financial Officer for Phelps Dodge Corporation. He is active in a wide variety of civic and professional groups. He serves at the Tucson community as a Member of the University of Arizona (UA) Foundation Board of Directors and the UA Eller Graduate School of Management's National Board of Advisors.
RAMIRO PERU Retired Executive Vice President and Chief Financial Officer of Phelps Dodge Corporation
Boards
Anthem (29), SM Energy Company, UNS Energy Corporation
Age: 53 Pasadena, CA
Pedro has been the President and CEO of EIX since October 2016. He has held a wide range of executive positions at the EIX companies since joining EIX in 1999. Prior to his work at the EIX companies, he was a senior engagement manager with McKinsey & Company, providing management consulting services to energy, technology, engineering services, and banking clients.
PEDRO PIZARRO President and CEO of Edison International LATINO LEADERS JULY / AUGUST 2019
Boards
74
Edison International (244)
Age: 60 New York, NY
JULIO PORTALATIN Vice Chair Marsh & McLennan Boards
DXC (374)
Board Members 2019-REGULAR.indd 74
“Obstacles act as motivators when you look at them as challenges to be tackled and overcomed... Always look to make a positive difference in all you do while keeping it humble and serving rather than privileged and being served.”
Former president and CEO of Mercer, a wholly owned subsidiary of MMC. Before he was president and CEO of Chartis Growth Economies, and Senior Vice President, American International Group (AIG), with responsibility for operations in Asia Pacific, South Asia, Latin America, Africa, the Middle East and Central Europe. Portalatin began his career with AIG in 1993 and held a number of key leadership roles, including president of the Worldwide Accident & Health Division at American International Underwriters (AIU) from 2002-2007. From 2007-2010, he served as president and CEO of Chartis Europe S.A. and Continental European Region, based in Paris, before becoming president and CEO of Chartis Emerging Markets. He spent 12 years with Allstate Insurance Company in various executive roles in product underwriting, distribution and marketing.
28/10/19 14:45
JOSE LUIS PRADO Vice Chairman Benestar/Evans Food Group Boards
“They don’t care how much you know until they know how much you care”
Jose Luis is the first Mexican to lead a major PepsiCo business in NA, Prado retired from PepsiCo in 2014 after a distinguished career spanning 30 years, 6 countries and two continents including Mexico, Spain, Caribbean, Andean and South Cone in Latin America. He is deeply committed to the community. He serves on multiple Boards including the Chicago Council on Global Affairs, Global Advisory Board of the Kellogg School of Business at Northwestern University, Chicago Symphony Orchestra, Lyric Opera, Instituto Mexico at the Woodrow Wilson Institute, the National Museum of Mexican Art. He payed a ver significative role in the expansion of Evans Food Group, the larger pork skin manufacturer.
THE 2019 LIST
Chicago, IL
Northern Trust (486), Hormel (323)
Age: 61
NORMA A. PROVENCIO President Provencio Advisory Services
Prior to forming Provencio Advisory Services in October 2003, she was the Partner-in-Charge of KPMG’s Pacific Southwest Healthcare Practice since May 2002. From 1979 to 2002, she was with Arthur Andersen, serving as that firm’s Partner-in-Charge of the Pharmaceutical, Biomedical and Healthcare Practice for the Pacific Southwest from November 1995 to May 2002. She received her Bachelor of Science in Accounting from Loyola Marymount University. She is a certified public accountant and also a member of the Board of Regents of Loyola Marymount University.
Beazer Homes USA (983)
LATINO LEADERS JULY / AUGUST 2019
Boards
LATINOS ON BOARDS
Age: 64
75
Board Members 2019-REGULAR.indd 75
28/10/19 14:45
LATINOS ON BOARDS THE 2019 LIST
Age: 57 California
Juan is a retired principal of PricewaterhouseCoopers (PwC) LLP and served as vice chairman, Global Advisory Services, of PwC International from 2008 to 2016 and leader of PwC’s U.S. firm Advisory Practice from 2003 to 2009. Before joining PwC, he was the chief risk officer of Santander Investment, the international investment banking arm of Banco Santander from 1995 to 1998.He was a member of the executive committee of Santander Investment and the management committee of the commercial banking division of Banco Santander.
JUAN PUJADAS Boards
Wells Fargo (26)
Age:
Grace Puma is executive vice president, Global Operations of PepsiCo, where she leads the global operations center of excellence, global procurement, concentrate operations, safety and security and advanced manufacturing systems. Prior to joining PepsiCo, Grace was Chief Procurement Officer at United Airlines and held a variety of senior leadership positions in global procurement at Kraft Foods, including raw materials, packaging, indirect materials, transportation, logistics, and services. She is a current board member for Williams-Sonoma and previously served as a board member for Steppenwolf Theatre and Marietta Corporation. In 2018, Grace was ranked #2 on the Most Powerful Latina by Fortune magazine and the Association of Latino Professionals for America (ALPFA), having ranked #4 in 2017.
GRACE PUMA EVP Global Operations & Transformation PepsiCo Boards
Williams Sonoma (508)
Age: 59 Texas
He served in various executive roles for Schlumberger Technology Corporation, including Vice President of Integrated Project Management, Vice President of Exploitation and Vice President of Marketing. Quintana spent nearly 20 years in the oil and gas exploration and production business in various operational roles for Unocal Corporation. He currently serves as the Lead Director of SM Energy Company and as a Director of Basic Energy Services. He is a former director of Tesco Corporation.
JULIO M. QUINTANA Former President & CEO Tesco Corp. Boards
Newmont Mining (385)
Age: 56 Miami, FL
MAURICIO RAMOS CEO Millicom (TIGO) LATINO LEADERS JULY / AUGUST 2019
Boards
76
“There is no leadership without responsibility. We have a lot to contribute and a responsibility to do so. To our beautiful America and to our wonderful Latino heritage. Inside and outside the boardroom and the corporation. America wants to hear our voice. We dream high, we work hard and we must contribute a lot”
Before joining Millicom, he was President of Liberty Global’s Latin American division, a position he held from 2006 until 2015. During his career at Liberty Global, Mauricio held several leadership roles, including positions as Chairman and CEO of VTR in Chile, CFO of Liberty’s Latin American division and President of Liberty Puerto Rico. Mauricio is also a Member of the Board of Directors of Charter Communications (U.S.). He is a dual Colombian and U.S. citizen who received a degree in Economics, a degree in Law, and a postgraduate degree in Financial Law from Universidad de Los Andes in Bogota.
Charter Communications
Age: 56 San Diego, CA “Stay Humble, Stay Hungry”
DARREN REBELEZ President and CEO, Casey’s General Stores Boards
When at IHOP, Rebelez oversaw operational performance, segment earnings growth and developed digital strategies for mobile and online, according to a news release. IHOP became the largest full-service restaurant in the U.S. by unit count under his presidency. Beyond IHOP, Rebelez spent more than 25 years in business leadership, ranging from large corporations to convenience stores. He worked as the executive vice president and chief operating officer at 7-11. Prior to that, he held management roles at ExxonMobil and at Thornton Oil Company.
Casey’s General Stores (425), Torchmark Corporation (591)
Board Members 2019-REGULAR.indd 76
28/10/19 14:45
Atlanta. GA
Luis was formerly a a regional administrator of the U.S. Nuclear Regulatory Commission (NRC). He has attended the Harvard University John F. Kennedy School of Government and has received the Presidential Meritorious Rank Awards in 1991, 1999, and 2003.In 2007 he received the Presidential Distinguished Service Award, the highest award that can be given to a member of the Senior Executive Service.
Boards
THE 2019 LIST
LUIS A. REYES Retired First Choice Energy (219)
Age: 44
Joined Gardner Denver in 2015 as the CEO of Industrials Segment. Before joining Gardner Denver, Reynal spent 11 years at Danaher Corporation, a designer and manufacturer of professional, medical, industrial, and commercial product and services, where he most recently served as the Group President of Dental Technologies, leading the KaVo Kerr Group. He also held various other executive positions at Danaher, including President of the Ormco business, President of the Pelton & Crane, KaVo business, and VP Global Operations for the Danaher Motion Platform. Prior to joining Danaher, served in various operational and executive roles at Thermo Fisher Scientific and AlliedSignal Corp. (which merged with Honeywell, Inc. to become in Honeywell International, Inc. in 1999).
Milwaukee, WI
VICENTE REYNAL CEO Gardner Denver Boards
Gardner Denver (854)
Age: 58 Washington DC
ELENA RIOS President National Hispanic Medical Association Boards
LATINOS ON BOARDS
Age: 67
Latina healthcare leaders are ambitious, caring and aspire to build policies and programs that impact the health of our communities and guide the next generation to health professions careers
Dr. Rios serves as President & CEO of the National Hispanic Medical Association, (NHMA), representing Hispanic physicians in the United States. The mission of the organization is to improve the health of Hispanics. Dr. Rios also serves as President of NHMA’s National Hispanic Health Foundation affiliated with the Robert F. Wagner Graduate School of Public Service, New York University, to direct educational and research activities. has been honored by U.S. Department of Health and Human Services, Congressional Black, Hispanic, Asian and Native American Caucuses, American Public Health Association Latino Caucus, Association of Hispanic Health Executives, Minority Health Month, Inc., Hispanic Magazine, Verizon’s First Pollin Community Service Award, and Amerimed.
Care First Blue Cross Blue Shield, CTCA (Advisory), Centene (Advisory)
Age:
Rivas joined the Medidata Board of Directors in 2018. She currently serves as Senior Vice President, Head of Global Medical Affairs at the biopharma business of Merck KGaA, Darmstadt, Germany, which operates as EMD Serono in the U.S. and Canada. For close to two decades, Rivas served as a senior executive in S&P 500 companies. She worked in US and international settings, including tertiary teaching hospitals and private practice. A board-certified endocrinologist, Rivas earned her Doctor of Medicine degree from Columbia University and holds a B.A. in Biochemistry from Brandeis.
Billerica, MA
MARIA RIVAS Chief Medical Officer, EMD Serono/Merck KGaA Medidata
Age: 76 Garden City, NY
RAUL RIVERA Retired Chairman, President and C E O of National Benefit Life Insurance Company
Boards
Am Trust Financial Services (469)
Board Members 2019-REGULAR.indd 77
“In business and personal life, one should focus on the journeys path with plenty of enthusiasm, while doing what’s right, not what’s expedient”
Raul was previously Chairman, President and Chief Executive Officer (CEO) of National Benefit Life Insurance Company. In 2007, Raul was honored by the Coma Recovery Association, Inc. for his support. In addition, he is an ardent supporter and fund raiser for various charitable organizations.
LATINO LEADERS JULY / AUGUST 2019
Boards
77
28/10/19 14:45
LATINOS ON BOARDS THE 2019 LIST
Age: 56
Rivera served as the CEO and President of the Vacation Ownership segment of ILG, Inc. (a hospitality and leisure services company), from 2016 to September 2018. She is also the former President of The Americas for Starwood Hotels & Resorts Worldwide, Inc. from 2012 to 2016, and CEO and President of Starwood Vacation Ownership, Inc., formerly a wholly-owned subsidiary of Starwood Hotels & Resorts Worldwide, Inc., from 2007 to 2016. Rivera has served in a variety of capacities with Starwood Hotels & Resorts Worldwide, Inc. since 1998.
SERGIO RIVERA Independent Director Boards
Welltower (577)
Age: 54
During Carlos’ tenure, ADP has nearly doubled the number of clients using its cloud-based services. Additionally, its Professional Employer Organization (PEO), ADP TotalSource®, business has nearly doubled the number of client employees served, putting it on par with the nation’s largest private sector employers. After joining ADP in 1999 through its acquisition of Vincam, Carlos held a series of positions with increasing responsibilities before becoming CEO. He served as President of TotalSource, which became the fastest-growing and largest PEO in the industry under his leadership.
New Jersey
CARLOS M. RODRIGUEZ President & CEO ADP Boards
ADP (243)
Age: Long Beach, CA
While at the Boys and Girls Club, Donald has grown the club quite extensive. The organization has gone from three to fourteens sites. He has also expanded the reach within the community and stakeholders. Donald has been awarded the recognition for "Executive of the Year" from Boys and Girls Clubs of America. Previously, he was CEO of the Los Angeles Team Mentoring, where he implemented strategy for the agency, managing overall operations.
DONALD RODRIGUEZ Independent Director Boards
Farmers Insurance (253)
Age: 63 Houston, TX
EDUARDO RODRIGUEZ President, Strategic Communication Consulting Group LATINO LEADERS JULY / AUGUST 2019
Boards
78
Eduardo previously served as executive vice president and as a member of the board of directors of Hunt Building Corporation, a privately held company engaged in construction and real estate development headquartered in El Paso, Texas. Prior to his three years with Hunt Building Corporation, Eduardo spent 20 years in the electric utility industry at El Paso Electric Company, a publicly traded, investor-owned utility, where he served in various senior-level executive positions, including general counsel, senior vice president for customer and corporate services, executive vice president, and as chief operating officer.
ONEOK Inc. ONEGAS Inc. (249)
Age:
JESSICA RODRIGUEZ Presiden & COO UCI Networks Boards
“The opportunity to serve and be of service is a key aspect of leadership. Nothing comes from nothing. Human ingenuity and commercial opportunity have always driven individual and collective success.”
President and COO of UCI Networks since 2018 and, since 2014, Chief Marketing Officer for Univision Communications Inc., As President and Chief Operating Officer of UCI Networks, Rodriguez oversees the daily operations of UCI's television networks and plays an integral role in developing and executing the networks' strategies. As Chief Marketing Officer of UCI, Rodríguez oversees research, consumer branding and messaging, corporate marketing, branding initiatives and campaigns, and branding analytics, among other functions. Prior to her current roles at Univision, she served as EVP of Program Scheduling & Promotions Officer and as Senior Vice President of Program Scheduling & Promotions, Cable Networks. Rodriguez served in various other positions with Univision from 2001 through 2011.
Burlington Stores(459)
Board Members 2019-REGULAR.indd 78
28/10/19 14:45
Board Members 2019-REGULAR.indd 79
28/10/19 14:45
LATINOS ON BOARDS THE 2019 LIST
Age: 73 Arizona
RAMON A. RODRIGUEZ Co-Founder of Cynthia & Ramon A Rodriguez Trust Boards
Ramon has extensive experience in both public company Directorship and public accounting, developing vast financial experience and insight into both external and internal audit functions. He completed the Owner’s and President’s Management Program at Harvard Business School in Cambridge, Massachusetts. Ramon holds an Undergraduate degree (Bachelor’s Degree) with a major in Accounting in 1971 from Florida Atlantic University in Boca Raton, Florida.
Republic Services (296)
Age: McLean, VA
HORACIO ROZANSKI President & CEO Booz Allen Hamilton Boards
Booz Allen Hamilton Holdings (482)
Age:
FRANCESCA RUIZ DE LUZURIAGA Independent Director Boards
Horacio Rozanski is president and chief executive officer of Booz Allen Hamilton Inc. Horacio became CEO on January 1, 2015. He is involved in all aspects of managing Booz Allen’s national and international operations and workforce, leading efforts to set the firm’s business goals and growth strategy, build value for investors, and identify emerging trends that will affect clients. A respected authority and leader in the consulting industry, Horacio has expertise in business strategy, technology and operations, talent and diversity, and the future of consulting. Hispanic Business Magazine named him to its list of the 2012 Most Influential Leaders in the United States.
Director of OfficeMax Incorporated from 1998 to 2013. From 1999 to 2000, Luzuriaga served as the COO of Mattel Interactive, a business unit of Mattel, Inc., one of the major toy manufacturers in the world. Previously, she served Mattel as its EVP, Worldwide Business Planning and Resources,(1997-1999), and as CFO (1995-1997). Since leaving Mattel in 2000, Luzuriaga has been working as an independent business development consultant. From 2002 until 2005, she was also a director of Providian Financial Corporation. Since 2012, she has been a director of SCAN Health Plan, a not-for-profit Medicare Advantage health plan, and in 2017, she became Chairman of its Board. Also in 2017, she joined the board of the SCAN Foundation and also served since 2015 as a director of SuperValu, Inc., a retail grocery store chain.
Office Depot (281)
Age: 63 Dallas, TX
ANGEL RUIZ President and CEO of Media Solutions, Ericsson LATINO LEADERS JULY / AUGUST 2019
Boards
80
In 2010, Angel was awarded the Gifford K. Johnson Community Leadership Award from the University of Texas at Dallas.He chaired CTIA’s Suppliers’ Council since 2009. He was also involved in project and product management and worked in customer support assignments in Mexico, Venezuela and Sweden. He was presented the Tech Titan CEO Award by the Metroplex Technology Business Council.
Liberty Mutual Insurance Group (68)
Age: Boston, MA
ISRAEL RUIZ EVP and Treasurer of MIT Boards
Executive Vice President and Treasurer at Massachusetts Institute of Technology (MIT), a private research university of science and technology, since 2011. In this role, Ruiz oversees all principal administrative and financial functions of MIT. Previously Ruiz served as the Vice President for Finance for MIT from 2007 to 2011 and as a principal for MIT’s Office of Budget and Financial Planning from 2001 to 2007.
Fortive (420), FM Global (534)
Board Members 2019-REGULAR.indd 80
28/10/19 14:45
CARLOS RUISANCHEZ President and Chief Financial Officer at Pinnacle Entertainment, Inc.
Boards
President and Chief Financial Officer at Pinnacle Entertainment, Inc. since 2016. Ruisanchez is also a Director of Cedar Fair Management Inc., the general partner of Cedar Fair, L.P. since 2019. He joined Pinnacle Entertainment, Inc. in 2008 as its Executive Vice President, Strategic Planning and Development. Previously, he worked at the investment banking firm Bear, Stearns & Co., which he joined in 1997 and where he most recently served as Senior Managing Director. He holds a Master's Degree in Business Administration from the Haas School of Business at the University of California, Berkeley, where he focused on finance and international business, as well as a bachelor's degree in finance from the University of Connecticut School of Business.
THE 2019 LIST
Las Vegas, NV
Pinnacle Entertainment (818)
Age:
Served Toyota Motor North America as Group VP of National Philanthropy and the Toyota USA Foundation from 2004 to 2013. During this period, Pineda also served as General Counsel and Group VP of Administration and as Group VP of Corporate Communications and General Counsel. Prior to that, she was VP of Legal, H.R. and Government Relations, and Corporate Secretary of New United Motor Manufacturing, Inc. with which she had been associated since 1984. She is currently a Chairwoman and member of the Latino Corporate Directors Association, a director of Frontier Airlines and a member of the board of trustees of Earthjustice.
PATRICIA SALAS PINEDA Boards
LATINOS ON BOARDS
Age:
Levi Strauss (530)
Age: 64 Washington, D.C.
KENNETH "KEN" SALAZAR Partner at Wilmerhale Boards
Ken served as the U.S. Secretary of the Interior from 2009 to 2013. He previously served as U.S. Senator from Colorado and as Attorney General of Colorado. He has also led the nation's efforts on conservation, including the designation of 10 National Parks and 10 National Conservation and Wildlife Refuges, and organized more than 100 other conservation and preservation projects in the United States. He also led the successful resolution of bilateral conservation efforts with Mexico and Canada along the two borders.
Target (39)
Age: 70 Miami, FL
CARLOS SALADRIGAS Co-Founder of Regis HR Group Duke Energy (125)
Age: San Juan, PR
ROBERTO SANTA MARIA ROS Retired Managing Partner of the San Juan Office of PricewaterhouseCoopers (64)
Boards
Triple S Management (743)
Board Members 2019-REGULAR.indd 81
He was appointed Managing Partner of the San Juan office of PricewaterhouseCoopers LLP in July 2004, giving him responsibility for all lines of service of the Firm. Also at the same time he had responsibility for several audit clients. Under his leadership, PricewaterhouseCoopers became the largest firm in Puerto Rico with the largest market share of public clients. Santa MarĂa retired in June 2012. His professional experience included clients in the manufacturing, food distribution, pharmaceuticals and technology. It also included several clients in the banking and insurance industries, although to a lesser extent.
LATINO LEADERS JULY / AUGUST 2019
Boards
Carlos co-founded The Vincam Group, Inc., a Professional Employer Organization (PEO). In 1996, he took the company public and by 1998, Vincam had revenues exceeding $1 billion and was named the largest Hispanic-owned company in the U.S. by Hispanic Business. In March 1999, Vincam merged with Automatic Data Processing Inc. (NYSE: ADP).Carlos has received the Alumnus of Distinction award from the University of Miami, was named Florida Entrepreneur of the Year in 1997.
81
28/10/19 14:45
LATINOS ON BOARDS THE 2019 LIST
Age: 56 Maryland
Daniel has been engaged in the private practice of law, representing individual and business clients in a variety of non-litigation areas. He is a full member of the Board of Ethics of the City of Stamford, CT and was appointed to that position by the Mayor in 2012.
DANIEL E. SANCHEZ Attorney at Private Practice Boards
Discovery Communications Inc (409)
Age: 60
Undersecretary for international trade at the U.S. Department of Commerce from 2010 to 2013. Previously, he held the position of assistant secretary for aviation and international affairs at the U.S. Department of Transportation, served in the White House as a special assistant to President Bill Clinton, and was chief of staff to the special envoy to the Americas. He also co-founded and served on the board of NorthStar Bank, in Tampa, Florida. Sanchez holds a bachelor’s degree and a J.D. from Florida State University, and a master’s degree from the Kennedy School of Government at Harvard University.
Washington, D.C.
FRANCISCO SANCHEZ Senior Managing Director PT Capital Boards
Archer Daniels Midland (48)
Age: 53 Miami, FL
Robert offers leadership experience and expertise in transportation, supply chains/logistics, global operations, finance and information technology, which any Board valuable skills. In addition, he serves as Ryder's Board Chair and Chief Executive Officer. He has leadership experience based on years of broad-based, diverse senior management experience at Ryder, including serving as President and Chief Operating Officer, Division President of Ryder's largest business segment, Chief Financial Officer and Chief Information Officer.
ROBERT SANCHEZ Chair of the Board & CEO Ryder System Boards
Ryder System (387), Texas Instruments (192)
Age: 59 New York City, NY
DEBRA SANDLER CEO & Sauce Boss, Mavis Foods LATINO LEADERS JULY / AUGUST 2019
Boards
82
It is important to know your value and the expertise that you bring to the table - this will allow for maximum effectiveness in the Boardroom.
She worked for over 30 years in senior leadership roles at PepsiCo, Johnson & Johnson and Mars. Most recently, she served as chief health and wellbeing officer at Mars, after serving there as chief consumer officer and president of Mars Chocolate North America. Prior to joining Mars, she spent 10 years with Johnson & Johnson in a variety of leadership roles, and before that, 13 years with PepsiCo.
Archer Daniels Midland (48), Gannet Co. (716) Phamavite
Age: 51 Stanford, CT
RAFAEL SANTANA President & CEO Wabtec Corporation Boards
A native of Brazil, Santana has roughly 25 years of commercial, product management and executive leadership. Most recently, he served as President and CEO of GE Transportation, a unit of General Electric company. Prior to that role, he was president & CEO of GE in Latin America; Santana also served as president and CEO of the Turbomachinery Solutions Business of GE Oil & Gas, Prior to joining GE in 2000, Santana worked for six years at ExxonMobil and British American Tobacco. Santana has a degree in engineering from the Universidade Federal de Minas Gerais in Brazil.
Westinghouse Air Brake Technologies (617)
Board Members 2019-REGULAR.indd 82
28/10/19 14:46
Board Members 2019-REGULAR.indd 83
28/10/19 14:46
LATINOS ON BOARDS THE 2019 LIST
Age: 50
EVP and CMO of Harman International Industries, a wholly-owned subsidiary of Samsung Electronics working on designing and engineering connected products and solutions for automakers, consumers and enterprises worldwide, since 2013, with responsibility for all aspects of Harman’s worldwide marketing strategy. He is also responsible for Harman’s e-commerce business and runs its global design group which entails 6 design studios around the world and full P&L accountability. Before joining Harman, he served as SVP & CMO, North America, for Samsung. He also served 16 years at PepsiCo Inc. from 1994 to 2010, holding positions spanning multiple international and domestic leadership roles in marketing. While at PepsiCo, Inc. he also held positions with its Frito-Lay’s international and North America operations.
Stanford, CT
RALPH SANTANA EVP Global CMO HARMAN International Boards
Dollar General Stores (123)
Age: 64
President and COO of Signature Flight Support Corporation, the world’s largest network of fixed-base operations and support services for private and business aviation, from 2013 until her retirement in 2018. From 2009 to 2010, she was President and CEO of Take Stock in Children a Florida based non-profit that helps low-income youth escape the cycle of poverty through education. She served with Royal Caribbean Cruises LTD from 2000 to 2008 where she held the positions of Vice President, International, Asia, Latin America & Caribbean, and Vice President of Hotel Operations. Previously, she had held various executive and leadership roles at United Airlines, Inc., Continental Airlines, Inc. and Eastern Airlines, Inc.
Miami, FL
MARIA SASTRE Retired Boards
General Mills (182)
Age: 61 Dallas, TX
CARLOS M. SEPULVEDA Chairman of the Board TBK Bank Boards
“Resilience, persistence and unwavering commitment to delivering value are worth-while attributes to demonstrate in any environment. Be ready for and lay hold of opportunities!”
Since May 2010, Sepulveda has been the Chairman of the Board of Directors of Triumph Bancorp, Inc, a bank holding company with interests in wholesale banking, commercial finance and real estate investments. Prior to Triumph Bancorp, Sepulveda was the President and CEO of Interstate Battery System International, Inc. a seller of automotive and commercial batteries, from March 2004 until April 2013 and its Executive Vice President from 1995 until March 2004. Prior to joining Interstate Battery, he was an audit partner with the accounting firm of KPMG Peat Marwick in Austin, New York and San Francisco for 11 years.
Cinemark Holdings (736), Triumph Bancorp, Savoya, Interstate Batteries, Camp Gladiator
Age: Tampa, FL
ENRIQUE "RICK" SILVA President & CEO Checkers Drive-In Restaurants LATINO LEADERS JULY / AUGUST 2019
Boards
84
For 13 years prior thereto, Rick Silva served in various leadership positions at Burger King Corporation, including Senior Vice President, Franchise Operations East Zone and Canada; Senior Vice President, U.S. Company Operations, President, Latin America Region; and Vice President and General Counsel, Latin America.
Realogy (458)
Age: 78 Florida
JOSE SORZANO Retired Boards
Jose was Special Assistant to President Reagan for National Security Affairs from 1987 to 1988; Associate Professor of Government, Georgetown University, from 1969 to 1987. Jose brings to the Board of Directors significant experience in governmental and international affairs, international business and a historical perspective on our growth and operations having served as a director since 1995.
Mastec (428)
Board Members 2019-REGULAR.indd 84
28/10/19 14:46
Board Members 2019-REGULAR.indd 85
28/10/19 14:46
LATINOS ON BOARDS THE 2019 LIST
Age: 79
From 1995 to 1998, he was Executive Vice President of Amoco Corporation. Prior to joining Amoco, Sosa served as Senior Vice President of The Dow Chemical Company, President of Dow North America and a member of its Board of Directors. Sosa was a director of FMC Corporation from June 1999 until April 2012 and a director of Northern Trust Corporation from April 2007 until April 2012.
ENRIQUE J. SOSA Former President, BP Amoco Chemicals Boards
Mednax (670)
Age: 50 Miami, FL
Myrna was recently named to Fortune magazine's "50 Most Powerful Latinas in Business" for the second consecutive year. She has over 25 years of experience in leadership positions. She has led multiple cybersecurity transformation programs in major communications, media, hospitality, financial services and critical infrastructure organizations. CNET also named her one of the top 20 Most Influential Technology Latinos in 2014. She is also the 2018 recipient of the Maestro Award given by Latino Leaders Magazine.
MYRNA SOTO CEO Digital Hands Boards
Popular Inc (924), CMS Energy/Consumers Energy (429), Spirit Airlines (802)
Age:
Stewart retired from Norfolk Southern Corporation in 2017 after a distinguished 33-year career with the company. She served as EVP and CFO from 2013 to 2017. Her tenure at Norfolk Southern included roles of increasing responsibility, including vice president of accounting and controller, and vice president finance and treasurer. Prior to her tenure at Norfolk Southern, she spent four years at Peat Marwick (a predecessor to KPMG). Stewart is a Certified Public Accountant and currently also serves on the board of directors of Simon Property Group.
MARTA R. STEWART Former EVP & CFO Norfolk Southern Corp. Boards
Raytheon Co.(119), Simon Property Group (493)
Age: 63 New Orleans, LA
JOSE S. SUQUET Chairman of the Board, president & CEO Pan-American
“Among our most meaningful achievements are the lasting relationships we forge and foster on our career path. Mentorship is an invaluable lifelong role and gift.”
Life Insurance Group
LATINO LEADERS JULY / AUGUST 2019
Boards
86
José joined Pan-American Life in November 2004 and has led the organization to record growth and success thanks to an initial restructuring of the Group’s operations; a renewed and strategic focus on life, accident and health insurance solutions; and a combination of organic growth and strategic mergers and acquisitions. Prior to joining Pan-American Life, José held senior management posts in the insurance industry for more than three decades, including serving as senior executive vice president and chief distribution officer of AXA Financial. He also opened “The Suquet Agency” which was among the sales and marketing leaders of The Equitable and awarded Equitable’s President's Trophy for eight consecutive years.
Pan-American Life Insurance, Region Financial Corporation (460), Ochsner Health System
Age: 48 San Francisco, CA
JENNIFER TEJADA Chief Executive Officer of PagerDuty Boards
Prior to joining PagerDuty in July 2016, she was President and CEO of Keynote Systems, a software company specializing in digital performance analytics and web and mobile testing, from 2013 to 2015. Tejada was EVP and Chief Strategy Officer of Mincom, an enterprise software company, from 2008 to 2011. She has also previously held senior positions at Merivale Group, Procter & Gamble, and i2 Technologies. She currently serves as a member of the board of Puppet Labs, Inc., a private IT automation company.
Estee Lauder (258)
Board Members 2019-REGULAR.indd 86
28/10/19 14:46
Board Members 2019-REGULAR.indd 87
28/10/19 14:46
LATINOS ON BOARDS THE 2019 LIST
Age: 68 New Jersey
MARTA TIENDA Professor of Demographic Studies, Sociology and Public
My immigrant father inspired curiosity, courage, and a thirst for justice; poetry gave license to explore. Favorite line from Antonio Machado: “Caminante, no hay camino, se hace camino al andar.”
Marta has authored or co-authored over 200 scientific papers and chapters about U.S. racial and ethnic inequality, international migration, variations in family structure and reproductive behavior, and access to higher education. Her current research focuses on the lifecycle timing of migration and the implications of adolescent romantic relationships for emotional and physical wellbeing.
Affairs, Princeton University
Boards
Teachers Insurance Annuity Association (TIAA)
Age: Atlanta. GA
ALFREDO TRUJILLO President/COO, Georgia Tech Foundation Inc Boards
President of the Georgia Tech Foundation. The mission of the Georgia Tech Foundation is to foster and manage gifts given in support of academic excellence in the spirit and traditions of the Georgia Institute of Technology. Prior to joining the Foundation, Al had a career in industry, both in executive and non-executive director roles. He currently serves as non-executive director of Havertys Corporation, a NYSE listed company (HVT) in the furniture retailing industry, and on the board of SCANA Corporation, a NYSE listed energy-based holding company (SCG). Until 2007, Al Trujillo served as the President and CEO of Recall Corporation, a global document management organization with operations in 23 countries.
SCANA (564) Acquiered by Dominion
Age: 43 Houston, TX
DAVID TRUJILLO Principal TPG Capital Boards
Vice President of GTCR Golder Rauner, LLC from 1998 through 2005 and investment banker at Merrill Lynch & Co. Trujillo is currently a Director of Creative Artists Agency (CAA), Lynda. com and RentPath. He led TPG’s growth equity investments in Airbnb and Uber, as well as TPG’s historic credit investments in Citadel Broadcasting and Clear Channel Communications. Trujillo previously served on the boards of Fenwal Therapeutics, Sorenson Communications, HSM Electronic Protection Services and Triad Financial. He received a B.A. in Economics from Yale University and an M.B.A. from the Stanford Graduate School of Business.
Univision Communications (729)
Age: 67 Colorado
SALOMON D. TRUJILLO Founder & Chairman Trujillo Group LLC. Chairman Latino Donor Collabvorative
LATINO LEADERS JULY / AUGUST 2019
Boards
88
A great leader in the Hispanic Community, he served as the chief executive officer and director of Telstra Corporation Limited, Australia’s largest media-communications enterprise, from 2005 to 2009. From 2003 to 2004, Trujillo was Orange SA’s chief executive officer. Before that, Trujillo was chairman, president and chief executive officer of Graviton, Inc. from January 2001 until January 2003. Trujillo previously served as a director of Target Corporation from 1994 to 2014. He currently serves as a director of WPP plc and Fang Holdings Ltd. (formerly Sou Fun Holdings Limited).
Western Union (494), WPP plc, China Silk Road Technologies (China), Bain & Co. Managemente Consulting (Advisisory)
Age: 56 New York City, NY
LUIS UBIÑAS Boards
President of the Ford Foundation from 2008 to 2013. Prieviously, spent 18 years with McKinsey & Company, where he held various positions, including Senior Partner of the firm’s west coast media practice working with technology, telecommunications and media companies. Ubiñas also serves on the board of directors of Boston Private Financial Holdings, Inc. and on the boards of several non-profit organizations. Ubiñas has served as a director of CommerceHub, Inc. during the past five years. He holds a B.A. degree from Harvard College and an M.B.A. from Harvard Business School, is a fellow of the American Academy of Arts and Sciences and a member of the Council on Foreign Relations.
Tanger Factory Outlet Centers, Electronic Arts (537)
Board Members 2019-REGULAR.indd 88
28/10/19 14:46
Board Members 2019-REGULAR.indd 89
28/10/19 14:46
LATINOS ON BOARDS THE 2019 LIST
Age: 55 Puerto Rico
Independent Director of Popular, Inc. Unanue is a President of Goya de Puerto Rico, Inc. since 2003 and of Goya Santo Domingo, S.A. since 1994, food processors and distributors. He has 29 years of experience at Goya Foods, Inc., a privately-held family business with operations in the United States, Puerto Rico, Spain and the Dominican Republic that is dedicated to the sale, marketing and distribution of Hispanic food, as well as to the food processing and canned food manufacturing business.
CARLOS A. UNANUE President Goya de Puerto Rico Boards
Popular Inc. (924)
Age: 48 Dallas, TX
NINA G. VACA CEO & Chariman Pinnacle Group Boards
“It’s not enough for me to have a seat at the boardroom table, I’m on a mission to see more people like me in the same position.”
Comerica Bank (702), Cinemark Holdings (736)
She personifies the American Dream as a Latina entrepreneur, a world-changing philanthropist, and a dynamic global leader. Pinnacle Group, is a workforce solutions powerhouse that has been included in the Inc. 500/5000 list of fastest-growing companies 13 times and was named fastest-growing women-owned/led company by the Women Presidents’Organization. She has received numerous awards and recognitions, including the EY Entrepreneur of the Year award and the Goldman Sachs Most Intriguing Entrepreneur award. In 2016 was inducted into the Minority Business Hall of Fame and in 2017 named a Trailblazing Woman in Labor and Business by the Women’s History Project. In 2014 was appointed by the White House as an inaugural member of the Presidential Ambassadors for Global Entrepreneurship program. She recently became a lifetime member of the Council on Foreign Relations.
Age: 53
Former executive officer of ConocoPhillips where she began her career in 1987. She served as VP Corporate Planning and Development from April 2015 until December 2016 and as Vice President and Treasurer from 2008 until 2015. Prior to 2008, she served as General Manager Corporate Planning and Budgets, Vice President Upstream Planning & Portfolio Management, Assistant Treasurer, Manager Strategic Transactions, and in other geophysical, commercial, and finance roles. Vallejo served as a member of the Board of Trustees of Colorado School of Mines and is a member of Colorado School of Mines Foundation Board of Governors.
FRANCES VALLEJO Retired Boards
Cimarex Energy (981)
Age: 64
Former SVP of Government Affairs for Southern California Edison, one of the nation’s largest electric utilities, and its parent company, Edison International. He served as U.S. Ambassador and permanent representative to United Nations Agencies based in Rome, where he managed a U.S. multi-agency team responsible for oversight of U.N. Organizations. From 2002-2006, Ambassador Vasquez served as Director of the United States Peace Corps where he led the international volunteer service organization with volunteers and staff serving in 78 countries. He also served on the President’s Commission on White House Fellowships.
Los Angeles, CA
GADDI H. VASQUEZ Retired SVP Government Affairs Edision Int./Southern Califonia Edison
LATINO LEADERS JULY / AUGUST 2019
Boards
90
Granite Construction (737)
Age: Los Angeles, CA
RAUL VAZQUEZ Chief Executive Officer, Oportun Boards
“Across my experiences as an entrepreneur, business leader and board member, I’ve learned that with the right opportunity and support, everyone has the natural capacity to be a leader.”
Oportun, is a high-growth, mission-driven Community Development Financial Institution with a mission of providing inclusive, affordable financial. It serves individuals who other lenders consider ‘unscoreable” and has made over 3.2 million loans totaling over $7.3 billion across 12 states. Oportun’s customers have saved an estimated $1.5 billion in interest and fees compared to the alternatives typically available to them. Vazquez joined Oportun in 2012 after having held various senior leadership roles at Walmart, including EVP and President of Walmart West, President and CEO of Walmart.com, and EVP of Global eCommerce for developed markets.
Intuit (516)
Board Members 2019-REGULAR.indd 90
28/10/19 14:46
00LL-DIVERSIFIED SEARCH.indd 2
29/10/19 12:13
LATINOS ON BOARDS THE 2019 LIST
Age: 65 Washington, D.C.
He served as U.S. Commissioner General to the Shanghai 2010 World Expo, a post to which he was named by Secretary of State Hillary Clinton and given ambassadorial rank by President Obama. He also served on the board of directors of Walmart Stores, Inc.In November 2015, he received the Orden del Aguila Azteca (Order of the Aztec Eagle)—the most important decoration awarded by the Mexican government—for his endeavors that have benefited Mexico and Mexicans. previously served as chairman of the board of the National Council of La Raza.
JOSE H. VILLARREAL Consuktant Senior Advisor Aking Gump Boards
Union Pacific (141)
Age: Pittsburg, PA
Volpe has been on Republic’s board of directors since December 2016. She is Senior Vice President of Strategic Planning, Communications and Contractor Relations for FedEx Ground, where she has worked since 2000. Volpe graduated from Kent State University and earned her MBA from the University of Pittsburgh.
SANDRA M. VOLPE SVP Strategic Planing, Communications & Contractor Relations FedEx Ground
Boards
Republic Services (296)
Age: 68
TONY L. WHITE Former Chairman, President and CEO of Applied Biosystems Inc.
White is the former Chairman of the Board, President and Chief Executive Officer of Applied Biosystems, Inc. (formerly Applera Corporation), a developer, manufacturer and marketer of life science systems and genomic information products, having served in those positions from September 1995 until his retirement in November 2008. White is also a director of Ingersoll-Rand plc, a diversified industrial company, and formerly a director at C.R. Bard, Inc., a company that designs, manufacturers, packages, distributes and sells medical, surgical, diagnostic and patient care devices.
CVS Health (7)
LATINO LEADERS JULY / AUGUST 2019
Boards
“I am very grateful that I was able to grow up in a country where I had the opportunity to participate with people from all backgrounds in the work of improving the human condition.”
92
Board Members 2019-REGULAR.indd 92
WRITE AND SHARE #ConnectLL
28/10/19 14:46
Board Members 2019-REGULAR.indd 93
28/10/19 14:46
LATINOS ON BOARDS BANK OF AMERICA
BRIAN MOYNIHAN
CHAIRMAN AND CEO OF BANK OF AMERICA
BRIAN MOYNIHAN’S BATTLE CRY IS "NO EXCUSES", HERE'S WHY Sitting down with Bank of America Chairman and Chief Executive Officer Brian T. Moynihan can sound a bit like a visit to the human resources department, where the rubber, essentially, meets the road.
Timothy Baler
Luis E. González
I
n a recent interview, Moynihan, famous for his battle cry “no excuses,” was talking about the ideal corporate board when he veered off course to churn through a list of employee benefits at BofA. Suddenly, he’s talking about the $35,000 baseline salary and the healthcare policy that balances the needs of financial, physical and emotional wellness. He mentions the 16-weeks of paid paternal leave that is used, up to 40 percent of the time, by men he says casually. He mentions “sustainability” and “diversity,” and says the BofA has “en-
94 LATINO LEADERS JULY / AUGUST 2019
94-95-BRIAN MOYNIHAN.indd 94
10/29/19 1:07 PM
vironmental responsibilities.” It seems the second largest bank in the country is trying to A) keep up with the times and B) take care of its own. Shareholders, it turns out, are on a short and critical list of constituent groups Moynihan has to worry about. This list includes employees, the government, customers, communities, the environment and society as a whole. Did we leave anyone out? If so, this is not by design. For Moynihan, the perfect corporate board is made up of experts from a wide range of special interest groups, including minorities, women and “everything in between.” Hispanics are on the list, Blacks, Asians, everyone else. In the meantime, “challenge” is a word that frequently comes up, mostly in the context of board members challenging the bank’s management to get it right. Part of Moynihan’s job is to remind people that society at large is one of a bank’s primary constituencies. Through the power of lending, a bank has a great deal to say about what happens in the private sector – who builds what, where and when. As such, when BofA commits $300 billion in low-carbon business investing by 2030, they are steering society through one of their self-imposed mandates – or wickets – which happens to be a sustainable future. When they move $250 million each year to charities, they are defining who we should help in broad strokes. If BofA agrees global warming is a problem, people wake up to this news. When they change an employee policy, corporate America takes notice. Bank of America has, in effect, a medium-sized city on its payroll – 208,000 people, which is slightly larger than Salt Lake City or Grand Rapids, Michigan. BofA has, according to one online source, 67 million customer relationships – that’s 67 million checking accounts, savings accounts, home and car loans, which is probably why Moynihan says perspective is everything. The board’s job is to be “completely independent of management,” he says. Their role is to manage risk, place the bank’s top talent in the right jobs and challenge management at every turn. Further, board members are fairly clear about this point: Customer service comes first. If that is true, profits
will follow. But let’s worry about that later. If the customers are happy, returns will reflect that and shareholders will be happy. Nothing to it. Moynihan is proud of BofA’s board diversity, which has been industry-leading for years. With a tradition of openness to female board members, Moynihan points to Monica C. Lozano, chair, BofA’s Compensation and Benefits Committee and Chief Executive Officer at College Futures Foundation (and former chair of U.S. Hispanic Media Inc.) as a key board member who represents women and Hispanics, as well as Arnold W. Donald, president and CEO of Carnival and Lionel L. Nowell III, former senior vice president and treasurer at PepsiCo Inc., who bring an African-American perspective to the board. Each board member brings an experience-based or academic perspective to the company that is dedicated to keeping risks within carefully set parameters, while aiming for steady, slow growth that doesn’t lose sight of its mission. And, granted, losing sight of its mission happens. The Great Recession of December 2007 through June 2009 – with much longer implications on Wall Street and Main Street – was a decidedly inauspicious starting point for Moynihan, who joined Fleet Bank in 1993, which was then later acquired by BofA. In 2009 he became president of Consumer and Small Business Banking and was named CEO just 12 months later. When he joined, the financial sector was still reeling from the massive subprime mortgage debacle that staggered banks like a series of tectonic migraines. Hundreds of lending and investment banks went under, including some of the nation’s biggest – WashingtonMutual, Wachovia and Bear Stearns among them. Moynihan’s job was to steady the ship, even while the aftershocks were still in play and despite a series of public relations disasters. In total, by the time things settled down, BofA faced $76.1 billion in government fines for a variety of missteps, according to a MarketWatch report, $32.4 billion more than its closest competitor. If there was a key to BofA’s turnaround
FOLLOW US @latinoleadersmag
FOLLOW US LatinoLeadersMagazine FOLLOW US www.latinoleaders.com
it was likely its dedication to customers. Famously, in November 2011, the bank abruptly canceled plans to add a $5 fee to debit card users in the face of customer opposition. While other banks also retreated from the idea, BofA Co-chief Operation Officer David Darnell gave the rationale for the policy change. “We have listened to our customers very closely over the last few weeks,” Darnell said in a statement. This was a sea change for modern banking. Previously, listening to customers was not one of the most frequently mentioned attributes among the nation’s big banks, which were seen as self-serving and stogy. That perception had to change and Moynihan has been in the forefront of that branding shift. Banks reshape their communities. They loan money for you to buy a home or send your children to school. They are instrumental in small business growth and answer the call for corporations, as well. They can promote responsibility and, in fact, they can no longer ignore it. A mistake in the old days was embarrassing enough, but the nation’s judges and juries now include the Internet. A fine – any bank can survive a fine. The word to fear now is: Viral. Sensing that shift has been BofA’s salvation, which Moynihan champions. In a March 2019 letter to shareholders, Moynihan said, “we have to grow by delivering more for our customers and clients. We have to grow by managing risk well. And, our growth must be sustainable. Sustainable means we have to share our success with our communities; we have to be a great place to work … and we have to drive operational excellence.” The battle cry is “no excuses,” but who does Moynihan want on board? That would be everyone. JULY / AUGUST 2019 LATINO LEADERS 95
94-95-BRIAN MOYNIHAN.indd 95
10/29/19 1:08 PM
LATINOS ON BOARDS Courtesy
Carlos Cuevas
UNCOVERING THE PROCESS OF BOARD GROWTH
From Antonio Garza, Former Ambassador to Mexico and Board Director at Kansas City Southern Latino Leaders: In your experience, what are the main factors that are considered when recruiting a Latino/a Board Director? Antonio Garza: You know, there’s been a tendency to look at current CEO’s for the boardroom and, while that’s a very important set of skills to have at the table, it does limit your pool when looking for more diverse candidates. What I’ve been seeing is an openness to candidates whose experiences may be, as in my case, in government, and others whose backgrounds are in academia, entrepreneurship or the military. When you cast more widely with Latinos in mind, you’d be surprised at the amazing people out there, many of which bring a perspective and a way of looking at the marketplace that your company was lacking and will benefit from having.
and a nominating and governance committee chairperson willing to show leadership on the issue. Truth is, there are plenty of good Latino candidates in the marketplace, but if directors limit themselves to who they know, there’s a high likelihood they’ll find someone that looks a lot like the boardroom they already have. I think investors and shareholders expect to see Latinos in the boardroom, because it’s good for business, and the right thing to be doing for the company.
LL: What should Latino Directors do once they’re part of a Board to open doors for others, without risking their reputation or crossing lines? AG: I think it’s the responsibility of every director to offer good suggestions as to candidates when filling openings LL: What needs to be done to make Boards more on the board. Part of doing that means getting out and diverse and inclusive? meeting people who may not be part of your network, but AG: More than anything else, the company and board would be great directors. Also, encourage people seeking need to have a commitment to diversity in the boardroom board seats to get known. For example, I’ve been involved with the Latino Corporate Directors Association (LCDA) and I think that one of the things the LCDA has done well, particularly as relates to publicly traded company boards, is expose Latino candidates to opportunity, advocate on their behalf and worked on building a solid pipeline of candidates for the future.
96 LATINO LEADERS JULY / AUGUST 2019
96 Garza.indd 96
29/10/19 16:24
00LL-REGIONAL MANAGEMENT.indd 2
16/10/19 15:15
LATINOS ON BOARDS
INITIATIVE TO INVEST Goldman Sachs has created an initiative, Launch with GS, that will help grow entrepreneurs grow and build the business of their dreams. The main reasoning behind the three big ideals of the Launch with GS is narrowing on the investment gap using the funds towards an increase for profit and holding dear to the fact that diversity teams will outperform its competitors.
JEMMA WOLFE VICE PRESIDENT BUSINESS LEAD FOR LAUNCH WITH GS
INVESTMENT FUNDS play a big part in the growth and future of companies and the connection to executive searches. Ap-Executive.com reports that companies have become reliant on executive search firms when trying to fill gaps at very critical positions. One company who has experience and knowledge using funds towards executive search is Goldman Sachs. The corporate recently began an initiative titled, “Launch with GS” to further invest in women-led companies and investment managers. “There are three main drivers with our launch program,” Head of Launch with GS, Jemma Wolfe said. The company details how they use a three-component system to further invest funds towards the hiring and selection of employees.
Three main drivers of Launch with GS
One of the first ideals the company focuses on is narrowing the investment gap. The main focus is on profit and using the economic goal as an investment opportunity towards growth as a whole. “We are doing this because we see it as a strong investment opportunity,” Wolfe said. Another perspective of why the company created Launch with GS revolves around the values and beliefs the company entrusts on. The company’s mindset revolves around the ideal that “investment opportunity is really embedded in beliefs that diverse management teams build better businesses.” The third focus details the importance of community engagement and investment funds towards the betterment of the current ecosystem.
So Why the Launch Program?
Launch with GPS is Goldman Sachs’ commitment to invest $500 million in women-led companies and investment managers. The companies’ goals’ details its efforts to narrow the gender investing gaps, building a global network of business leaders to facilitate connections, share ideas and uncover opportunities. www.goldmansachs.com
The companies’ mission states their belief in investing in diverse teams – diversity of gender, thought, and background – leads to outperformance.
“Our primary goal is really narrowing the investment gap,” Wolfe said. “We view the investment opportunity to invest capital.” Goldman Sachs is focused on the real world and the assurance that the money is being used towards businesses of people with diverse backgrounds. “We are looking for the best opportunity, no matter what the business looks like,” Wolfe said. Currently, Goldman Sachs is invested in a variety of companies, one of which focuses on data analytics outside of the United States. Data has been a big driving force in relation to building and creating the ideal diverse companies that bridge the gap of executive searches and investment funds.
The Importance of Numbers
Goldman Sachs initiative of Launch with GS calls on statistics and studies that backup the importance of diversity and its strong connection toward company investments. “On the ethnic diversity side, companies in the top quartile in terms of ethnic diversity are 35% more likely to have financial returns than the national median industry,” Wolfe said. The group strongly believes that gender and ethnic diversity further assists the company in reaching their overall performance goals. Another study the company found details that, “companies in the top 25% quartile for gender diversity on the executive teams are 21 % more likely to receive above margin profit.” With the introduction of Launch with GS, the company believes that the three driving forces they are focused on along with the proven results these studies produced detailing the importance of data will allow them to take advantage of investment opportunities.
98 LATINO LEADERS JULY / AUGUST 2019
JemmaWolfe.indd 98
10/30/19 5:33 PM
00LL-CARE FIRST BCBS.indd 2
16/10/19 16:11
LATINOS ON BOARDS
THE NOMAD
HOW LUCIANO MACAGNO’S WORLD EXPERIENCE IS PAVING THE WAY FOR DELTA’S FUTURE The key to success in today’s fast-paced modern world is experience. Whether it’s life experience or knowledge gained through employment, the thing that separates successful people is how they apply their experiences to their everyday lives.
L
uciano Macagno, the Managing Director of Latin America for Delta, knows this better than almost anyone else. A native of Argentina, MaJake Rivard cagno has spent his entire life traveling. He’s been the citizen of 16 countries and has called over 21 residences home. This experience has provided him with a berth of knowledge on LatCourtesy in American and South American culture, which he uses every day to make in impact at his position. “The richness of the Hispanic culture makes this job Luis E. González incredibly exciting. With a region full of dynamic, unique cultures and experiences, it’s important to use your knowledge on each part of the world to succeed with every endeavor.” Macagno’s management style is collaboration-based; he encourages his team to utilize their backgrounds and experiences to leave a positive impact on their workplace every day. “The most important advice I try to impart on my team is to never regret what you do; only regret what you don’t do.” When talking about excellence in a workplace, Macagno frequently cites long-term sustainability and culture as key factors for a successful workplace. “People are the ultimate difference-makers, no matter where you go. If a company doesn’t have a good culture, they won’t be able to get anything done.” Macagno admires Delta’s focus on solutions. They approach long-term thinking with shortterm executions, allowing the business to generate momentum as they continue to tackle problems that arise. “Never regret what you do; only regret what you don’t do.” - Luciano Macagno Macagno has been with Delta for the last six years. In that time, he frequently references their ability to embrace diversity and inclusion as key contributions to a strong workplace culture. “When I come into work, I can be my absolute self. I don’t need to hide any part of my background or feel less than who I am. Being myself is a huge reason why I’m able to remain so enthusiastic.” Macagno’s focus on enthusiasm has helped him to excel as both an employee and a manager during his time at Delta. “Cultivating enthusiasm is infinitely more productive than managing obedience.” Macagno references the quote above as the most integral advice he’s received in his entire career. Without enthusiasm, projects fail to deliver on their goals and aren’t met with the same fervor you’d find with a motivated team. Enthusiasm translates to motivation, which, in turn, helps a team to produce great work.
LUCIANO MACAGNO Job Title: Managing Director of Latin America: Caribbean Region -- Delta Education: Universidad Technologica Internacional - Industrial Engineering Degree Background: Born in Argentina, Luciano Macagno has spent the majority of his life traveling. He’s lived in 16 countries, stayed in over 21 homes, and experienced more culture than many encounter in their entire lives. Nowadays, Macagno lives in Miami with his wife and three children, but it wouldn’t be surprising to see him travel to new residences in the near future.
100 LATINO LEADERS JULY / AUGUST 2019
100-LUCIANO MAGAGNO.indd 100
10/31/19 12:55 PM
00LL-REGIONS FINANCIAL.indd 2
16/10/19 16:13
LATINOS ON BOARDS
in a relationship between management and the board. Another important factor is that there should be clarity of the responsibility of management and the board. Finally, communication plays a key factor, making sure the board is informed of important topics and there are no surprises. LL: What is the most effective way to create a healthy interdependence? AC: I believe the separation of Chairman and CEO to be a best practice. If there is no separation then the figure of a Lead Director becomes very important. The Chairman or the Lead Director play a crucial role in coordinating the relationship between management and the Board.
A VIEW FROM TWO WORLDS Antonio Carrillo, CEO of Arcosa Inc., newly elected Director of NRG Energy and former Director at Trinity Industries and Dr. Pepper-Snapple Group. Luis E. González FOLLOW US www.latinoleaders.com
FOLLOW US LatinoLeadersMagazine
Latino Leaders: In your experience, what are the main factors for a CEO, like you, to have a 100% effective Board of Directors? Antonio Carrillo: I think the most important condition for having an effective board is to have alignment between management and the board on the strategy of the company. If that alignment exists, the board will be able to evaluate how decisions made by management align with the strategy and measure progress. Another important factor is that the board needs to have a respectful environment where every Director can speak their mind openly and at the same time listen to the other Directors' opinions. LL: What is the benefit of having more diverse and inclusive Boards? AC: Diverse boards should bring different points of view on every topic. So, discussions become richer in terms of content and ways to approach different problems. Part of the Board's responsibilities is to oversee risk management in a company. A diverse board will be able to approach risk factors from different points of view and, therefore, be able to evaluate risk better. LL: In your experience, what elements are necessary to have the perfect marriage of a Board and the CEO? AC: Transparency and trust are the key factors
LL: What needs to be done to make Boards more effective for the CEO’s, but also for Customers and Employees of the Corporation? AC: There is a trend that has gained momentum in which large investors are pushing for ESG to be a key part of a company’s strategy. The milestone of an ESG strategy is to do a Materiality Study that looks at the impact the company has on the different stakeholders (customers, employees, communities, etc.) and the impact those environmental factors have on the company. With that Materiality Study, Management should integrate what is material for the company into the strategy. By using this approach, Boards make sure they are taking a broader view of the impact of the company. I tend to agree that a strong investor focus complemented with ESG should be part of the strategy of the company, but there are other views out there and companies and Boards approach the subject differently. LL: What would be a “dream Board” for you as CEO? What capacities, what kind of support, what kind of relationships? AC: The Board should reflect on the capabilities needed to support the strategic direction of the company. It should have a diverse group of individuals with strong reputations and proven capabilities to support the strategy and serve on the different committees. At the same time companies go through difficult times and the Board should have individuals who can deal with those situations. On the relationship side, Board members should feel comfortable giving their thoughts and listening to others always in a very respectful environment.
102 LATINO LEADERS JULY / AUGUST 2019
102-ANTONIO CARRILLO.indd 102
10/29/19 1:08 PM
00LL-MGM.indd 2
16/10/19 14:36
LATINOS ON BOARDS
AN OPPORTUNITY TO CREATE CHANGE How Aleida Rios is shaping the future of energy at BP.
The world of energy is changing.
Legislation and innovation are causing companies around the world to look at their processes differently. The push for clean and renewable energy has never been more urgent than it is now. Aleida Rios, the Head of Upstream Engineering at BP, has had her eye on this issue for years.
And she has a plan.
“Instead of running from the challenge, we’ve decided to embrace it.” Rios, a Mexican immigrant and first-generation college student has always prided herself on her ability to face change with excitement rather than fear. She’s spent her entire career at BP as an advocate for positive change as the company embraces the wave of cleaner energy in the modern era. “One of the most important pieces of advice I’d ever received growing up was about facing your fears. The things that scare us the most have the most potential to change us -- and I try to seek out that change every day.” Rios uses this advice as she and BP continue to innovate with products that help customers and clients lower emissions to make the world a better place. Where other companies may approach the situation with hesitation, Aleida and BP face it head-on as they strive to improve the world around them. “The things that scare us the most have the potential to change us. I seek out that change every day.” - Aledia Rios on the positive role change can play. The opportunity for Latinos to play a part in this change, Rios says, is within the grasp of anyone with passion. “This is a great chance for those looking to make a difference to get involved in providing solutions to the energy transition.” She references the tireless entrepreneurship, creativity and work ethic of Latina women specifically as problem solvers and a driving force for the future. “Latinas are incredibly resilient. They never give up and are tirelessly resilient. That’s what sets them apart in the workforce.” The most rewarding part of bringing this change to the world is the chance for Rios to be wholly authentic. “When I’m at work, I can be myself. I can do the job my way, I can speak Spanish, and I can use my background to do the job to the best of my ability.” Rios’ authenticity is one of her most defining characteristics. She’s open, honest, and incredibly passionate in her career. She strives to be the best she can be on a daily basis while remaining driven and focused on the future.
ALEIDA RIOS
Head of Upstream Engineering, BP Education: Bachelor of Science in Chemical Engineering, Texas A&M Background: Born in a small rural village in Mexico, Aleida Rios and her family immigrated to Houston, Texas when she was eight to pursue further educational opportunities. Rios, quickly taking a passion with mathematics, found herself enrolled in a STEM school at a young age, where she was able to obtain an internship at BP in western Texas. Since then, she’s applied her passion day in and day out as the Head of Upstream Engineering at BP.
The biggest lesson that Rios has learned?
We’re all in this together. “Whether you’re in your workforce or in your community, everyone is working together to accomplish something greater than themselves. I would encourage you to ask questions and get help whenever you need it. Everyone is here to help you become the person you’re meant to be.” From family to work, Rios’ focus on community and coming together is what makes her one of the most innovative engineers in the world of energy.
104 LATINO LEADERS JULY / AUGUST 2019
AleidaRios.indd 104
10/30/19 5:52 PM
00LL-BP.indd 2
16/10/19 12:52
LATINOS ON BOARDS
DONNA ALVARADO ON BOARD SERVICE I grew up in a big family. My father was career military and my mother enjoyed a full-time nursing career. We experienced our Mexican heritage first hand in visits with cousins in Mexico City. My mother was a role model at a time when it was unusual for women to be moms and have a career too. And my father taught us that in this country, the great privilege was that we could achieve any dream with a good education and willingness to work hard. WHEN I GRADUATED high school, my parents told me I could attend college anywhere, as long as it was instate tuition in Ohio. Dad had established residency there when he was stationed at Wright-Patterson AFB, so that higher education would be affordable for all 7 of his kids. I am a proud alumna of The Ohio State University, and also a Sooner, having attended graduate school at the University of Oklahoma. I have been blessed with a career in government, non-profit and corporate sectors. When I was serving as CEO of an educational publishing organization, I was invited to join the board of directors of Park National Bank, a wonderful community bank in Ohio. I greatly admired the character of the Chairman, as well as the other directors, and the bank’s long history of serving communities across Ohio. I was greatly honored and am proud to continue to serve on Park’s board to this day. What I most enjoy about serving on the boards of Park, CSX, and CoreCivic is the opportunity to learn from and serve alongside America’s great business leaders, both on the boards and the management teams, and to contribute to the stewardship of these companies. I am perpetually curious about discovering the underlying patterns in complex problems. Invariably there are unprecedented challenges where no one person has the answer. The key is found with open dialogue and asking the right strategic questions. I relish being part of a team of thought leaders seeking to work together to discover new knowledge and add value to the organization. The best-run companies are those that make it possible for every person to contribute their unique talents and insights. The mission flourishes when a company values diversity and authenticity, and the tone of at the top is unequivocally inclusive. I think corporate America still has a long way to go to advance diversity in the boardroom in terms of gender, race, ethnicity, but also diversity of experience, thought and cultur-
Carlos Cuevas
al perspective. I’ve seen tremendous progress, especially for women, over the last decades. I am optimistic that this diversity will continue to grow, as long as there is commensurate diversity in C-suites and the next level of leadership. In order to best serve their companies, directors should gain unfiltered exposure to the industry, to employees and to emerging trends. We must be proactive in asking management and our fellow directors how we, as individuals as well as collectively, can best support management and all stakeholders. The real contribution of diversity is making the circle of talent larger, and opening up the creative space so that new ways of thinking are fostered and made visible. The problems of the future cannot be solved by solely relying on the mindset and solutions that worked well in the past. Women have a unique challenge in balancing work, family and personal development. Good leaders will ask all members of the team what leadership can do to positively affect their ability to do their job and advance. The best leaders are accountable to each team member for leadership’s impact on an individual’s ability to deliver more value to the company. Just as we, as Latinos, feel a responsibility to reach back and lend a hand to advance the next generation of Latino leadership, so do we, as women, also have this responsibility to mentor and to coach those who will step into our roles in the future. Early in my board experience, I learned that courage, competency, and integrity are paramount qualities for corporate directors. Now, I would add a fourth: connection. Directorship is not about parachuting into the board room for quarterly meetings. While respecting the different roles of management and directors, a far deeper connection is required for optimal governance and stewardship. This means getting out and meeting employees at the heart of the mission, attending investor conferences, and understanding how the company is viewed by customers, communities, and regulators.
106 LATINO LEADERS JULY / AUGUST 2019
106 Donna.indd 106
29/10/19 16:23
00LL-CSX.indd 2
16/10/19 13:01
00LL-HOUSE.indd 2
28/10/19 17:02
00LL-MOLSON COORS.indd 2
16/10/19 16:14
LATINOS ON BOARDS
POWER LEADERSHIP NRG’s CEO, Mauricio Gutierrez, is committed to the customer and he discusses why Boards should also commit.
BOARDS:
NRG Energy Inc.
Latino Leaders: In your experience, what are the main factors for a CEO, like you, to have a 100% effective Board of Directors? Mauricio Gutierrez: First and foremost, accountability and a shared passion for the mission of the organization are foundational traits. Many candidates will have the skills or specialties necessary for board leadership, but what sets boards apart is a demonstrated commitment to governing in a way that creates long-term value for all of the company’s stakeholders. LL: What is the benefit of having more diverse and inclusive Boards? MG: To me, a homogenous board can be a missed opportunity. I recently read that if the US Latino population were considered as an independent economy, it would rank as the 8th largest economy in the world. So as we become a business centered on understanding and catering
to our customers, diversity and inclusion throughout the organization is critical. We recognize that the various perspectives and backgrounds that stem from a diverse and inclusive company lead to better decision-making and outcomes. Collectively, we aspire to create a companywide culture that fosters inclusion, inspires innovation, encourages respect, and promotes success for everyone as we create a better energy future. LL: What would be a “dream Board” for you as CEO? What capacities, what kind of support, what kind of relationships? MG: We’ve recently upended the traditional “Independent Power Producer” business model to place focus on our customers, both large and small. As our board evolves over time, it would be beneficial to see our directors begin to reflect our customer-base from a diversity standpoint and a realignment on skill sets.
110 LATINO LEADERS JULY / AUGUST 2019
MauricioGutierrez.indd 110
10/30/19 6:02 PM
00LL-GRANITE.indd 2
16/10/19 13:22
LATINOS ON BOARDS
EQUIPPED AND QUALIFIED Gerry Lopez speaks on the qualifications and requirements to becoming a Board member.
Gerry Lopez serves as Director to the Boards of: CBRE, Newell Brands and Realty Income
LL: What should Latino Directors do once they’re part of a Board, to open doors for others, without risking their reputation or crossing lines? GL: I don’t get the connection between recommending other Latinos and risking my reputation. That makes no sense. I’m not going to recommend someone just because they’re Latino. I’m going to recommend someone because, above all, they’re qualified. The perfect moment is when I can recommend a qualified Latino. Crossing the line? What line? If a Board is looking for a cyber expert and I recommend someone who does not fit that criteria, that may be crossing the line. I don’t see why one would do that, Latino or not.
Latino Leaders: In your experience, what are the main factors that are considered when recruiting a Latino/a Board Director? Gerry Lopez: Qualifications trump all. To pretend otherwise is a fool’s errand. Being Latino is clearly a powerful factor and I’ve served on more than one Board where I was the first Latino ever. But just to be clear, without the HBS education, the C-Suite positions, the job experiences, the personal network and reputation, the opportunities to serve on Boards wouldn’t have materialized. Boards are not large groups, and everyone needs to hold up their end of the bargain. There are no “throw-away” seats on Boards. Everyone LL: Please feel free to add any other has to contribute. And one has to be qualified. comment. GL: I am constantly asked by friends, Latino and othLL: What needs to be done to make erwise, about Board service; how to get on Boards and what does it take? My own experiences are that Boards more diverse and inclusive? GL: We need to keep pushing. We need to keep there is no one answer to the question. Except that agitating. We need to keep asking embarrass- it is for qualifications. If you’re not qualified, good ing questions. We need to point out the gaping luck. After that initial requirement is achieved, the holes; shine a bright light on those. We need to real work begins. There is no substitute for networkkeep removing excuses. My favorite is, of course, ing, intellectual curiosity, attending event or belong‘We can’t find qualified Latinos.’ What a bad joke. ing to professional organizations. Above all, there is That said, I’m not a believer in laws, regulations no substitute for success in your chosen field. No Board wants to hire the B-team. or quotas. There are enough of those.
112 LATINO LEADERS JULY / AUGUST 2019
GerryLopez.indd 112
10/30/19 5:55 PM
00LL-PAYPAL.indd 2
16/10/19 15:07
LATINOS ON BOARDS
THE IMPORTANCE OF BOARD DIVERSITY: CURT FARMER, CEO COMERICA BANK Courtesy
Carlos Cuevas
Comerica has 17 active employee resource network groups across its markets to promote the inclusion of a wide variety of employees, from young professionals to LGBTQ colleagues, to military veterans. The network groups focus on delivering awareness about cultures while encouraging internal networking. Employees can also be members of our Local Diversity Roundtables, which are comprised of colleagues from different areas of the bank who are charged with promoting diversity and inclusion in their markets. Additionally, we have 19 market segmentation business outreach teams across the company that are responsible for developing strategies and tactics for demonstrating our commitment to and reaching out to diverse markets.
Latino Leaders: Can you describe the culture at Comerica Bank? How relevant is it for you and the leadership team and what role does diversity play? Curtis Farmer: For us, diversity is embracing an inclusive culture that recognizes, respects and is sensitive to the differences of our community. Diversity is a pillar of Comerica’s promise to raise expectations of what a bank can be, and it is fundamental to the success of our business. Our behaviors, values, and beliefs support an inclusive work environment that embraces our role in the communities we serve. Respect for diversity is part of our culture. Our leaders recognize and promote behavior that uses and values similarities and differences to create a work environment that encourages creative thinking and solutions; understand that the benefits of a broad range of ideas, viewpoints, and backgrounds working together will produce quality products and services; embrace inclusion of all individuals; and treat colleagues, customers and suppliers fairly, with dignity and respect. And, this is what we expect of our teams as well. LL: Comerica is recognized for its diversity; can you highlight some of the programs that you have in place? CF: We pride ourselves on being a leader in diversity programming. As of August 31 of this year, I’m pleased to say that 86 percent of colleagues were enrolled in the company’s Master of Diversity Awareness (MDA) program. Colleagues participate in nine dimensions of activities, and through the program, they have access to hundreds of educational opportunities. To date,
LL: Describe the composition of your Board. How important is diversity to your Board? CF: Of Comerica Incorporated’s 12 board members, three are women, and one of those women is Latina. Additionally, two of the 12 members are African American. Diversity is very important to our Board and Comerica, and it is one of the factors considered when board positions are being filled. It shapes our culture and reflects the ideals for which Comerica was founded nearly 170 years ago. We know that diversity drives professional growth, fosters more creative ideas in the workplace and encourages innovation. When a company like Comerica truly reflects the demographics of its markets, it better serves its customers, grows its business and builds an even stronger organization. LL: How important is diversity in Corporate America? CF: I believe that diversity is a business imperative and should be engrained within a company’s culture, corporate strategy and longterm plans. Changing demographics are making the workforce more diverse, and with the rapid growth of the Hispanic population creating and maintaining an inclusive work environment is critical. Additionally, the younger generations – Millennials and now Generation Z – who have entered the workforce or are just beginning to work (and who are making up a sizeable percent of the working population) are more racially and ethnically diverse. To retain this talent, companies must adapt and ensure that diversity and inclusion are a focal point of their business strategy. For Comerica, attracting and retaining diverse talent is so important that our head of talent acquisition also serves as our Chief Diversity Officer. We also have a National Director of Hispanic Business Development, who directs Hispanic business and community outreach in our markets.
114 LATINO LEADERS JULY / AUGUST 2019
114 Comerica.indd 114
29/10/19 16:22
00LL-SYNCHRONY.indd 2
16/10/19 15:49
LATINOS ON BOARDS
MAKING A BOARD
Carlos Cuevas
Linda Chavez, ABM Industries Director, believes that focus on employees is one big factor to make a board a good one. GREYHOUND WAS my first Board, a bus company, a major transporter of immigrants and I had the knowledge to provide insights about the customers, their views and concerns. I provided those insights about the Hispanic communities. My second Board was ABM. The General Counsel was looking into expanding the Board and again my background on public issues made me a candidate because he wanted someone able to understand the Hispanic population. My third Board was Pilgrim’s Pride, the second poultry producer in the nation. I was a good candidate for that Board because of my view and understanding of the workers visions. I had recently published a book on Workers Unions issues and at that time it was relevant to have someone with this understanding and view on their Board. Diversity was important but back then they talked more about female Board members and African Americans. These were the two areas in which search firms concentrated in, but there was not a true emphasis on Latinos. I’ve been in the Governance Committee at ABM Board and when we are looking for new Board members, I always tell the search firms, “I want to see a first batch of candidates who are diverse.” From there we always try to find the best candidates. If they are white male or female, it’s okay. We focus on recruit-
ing the best candidate no matter what. But I like to begin the search with a list of diverse candidates; to make sure we’re going to see everyone. At ABM we have always had a lot of diversity. We have Indian Americans, women, Portuguese American, and Cuban American and it has grown organically. I like to see all kinds of diversity, not only racial or ethnic. Diverse Board members bring perspective, different views, and experience with different situations. They understand these different views. With Greyhound my emphasis was on consumers and how to better understand them. I grew up poor myself; always riding on a bus. I flew for the first time in my early 20’s. With ABM and Pilgrim’s Pride, the emphasis has been to understand the employee base better. Not all of them are Latinos; in one Chicago facility we have immigrants from Poland, Russia and even Albania. We’re completely focused on trying to understand their issues, challenges, and how can they become more productive. Especially now that immigration is such an important topic. We have had difficulties finding workers. Our CEO has had to discuss immigration with Congress for the first time. The lack of immigrants makes hiring employees more difficult for us.
116 LATINO LEADERS JULY / AUGUST 2019
116 Chavez.indd 116
29/10/19 16:21
00LL-ABM.indd 2
25/10/19 11:11
SHAFER'S VAULT
CHARDONNAY EVOLUTION Elias Fernandez
Carlos Cuevas
When it comes to Chardonnay, winemakers have learned to make this wine’s beauty shine through.
WHEN I FIRST started making wine in the early 1980s Chardonnay was planted in lots of places that were too hot. At harvest we crushed the white varieties the same way we do reds. And we fermented in large stainless steel tanks and aged in oak barrels that were often several years old.
Looking back
By the late 1980s, winemakers started looking to the white wines of Burgundy for inspiration and two things changed. First more Chardonnay was fermented in new oak barrels. Second came an explosion in the number of Chards put through malolactic (ML) fermentation. I liked the flavors that came with more time in oak, but I wasn’t a fan of ML. At Shafer we re-planted our Chardonnay in Napa Valley’s cooler growing area called Los Carneros. Here we harvested fruit that maintained clean acidity. We don’t knock that crispness back with malolactic fermentation. Instead we age our Chardonnay on the lees, that is the yeast the caused fermentation, giving it a rich creamy mouthfeel.
steel barrels, which offers a nice steely edge to our otherwise lush, exotic aromas and flavors. The good news is that today there’s a Chardonnay for every taste. I hope you’ll find the ones you enjoy best!
ELIAS FERNANDEZ Has been making wine at Shafer Vineyards in Napa Valley since 1984 and is a partner with Doug Shafer in Eighty Four Wines. He has been honored as winemaker of the year by Food & Wine magazine and honored as a Hispanic role model at the White House. For more details visit ShaferVineyards.com and EightyFourWines.com. Cannes
Stainless New Era
By the early 2000s winemakers, including myself, began to reintroduce some stainless steel fermentation into the process. Here at Shafer we age 75% of our Red Shoulder Ranch Chardonnay in new French oak barrels and 25 percent in stainless 118 LATINO LEADERS JULY / AUGUST 2019
118 Shafer.indd 118
30/10/19 17:06
00LL-DOLLAR GENERAL.indd 2
23/10/19 16:40
LATINO LEADERS CELLAR
FOLLOW US LatinoLeadersMagazine
Jorge Ferráez
@ JFerraez_Latino
Luis E. González
TEXSOM
I
“Finca Altamira” 2014
FOLLOW US @latinoleadersmag FOLLOW US LatinoLeadersMagazine FOLLOW US @LatinoLeadersUS
HAD THE PRIVILEGE to being invited for the second year to the great TexSom event in Dallas last September. Thank you to my friends Steve and Kelly Katzman and the very nice Katrin Naelapaa from Wines from Spain, I was fortunate enough to walk through more that 250 wine exhibitors and hundreds of wines. A lot of restaurant sommeliers, wine buyers and wine reps were there to talk about their wines. This year I had a wonderful surprise from Achaval Ferrer, from Argentina; their “Finca Altamira” 2014 showed spectacular fruit notes, with tobacco, vanilla and sweet prune accents. Gigantic body with a super powerful structure and yet elegant and sublime. Another giveaway from South America was the hardly impossible to get Garzon “Balasto” 2016 from Uruguay, a unique and ever changing blend with Tannat, Cabernet Franc and Petite Verdot. This magical wine was spiced, full of character with black fruit and some earthy/herbal hints. Worth cellaring for at least 20 years! Other nice encounters were the Antinori Napa Valley Cabernet Sauvignon called “Antica” 2015 whose price ($50-$65) in retail make it a very good competitor of the big California Cabs. This one has some Tuscan style, but it shows its muscular Napa Cabernet personality with vanilla, black cherries and plum notes. Big body and balance, it opens very nicely after a couple of hours. I also tried the famous Insignia from Jospeh Phelps, but was not completely impressed. The wine is a beautiful wine, don’t get me wrong; with fantastic fruit concentration, cinnamon and red currant notes on a toasted espresso bean background. But given the name it has made and the overvalued price, I was sincerely expecting more.
01 HARTFORD COURT “LAND’S EDGE VINEYARDS” PINOT NOIR 2014
• Region: Sonoma Coast • Varietal: Pinot Noir • Price: $40 • Aromas: Spice, cinnamon, earthy, ripe plum • Flavors: Flowery, violet, black cherry marmalade • Impression: Succulent • Structure: Round and powerful • Drink with: Chinese, Japanese Noodles, Pork Chops • Why I loved this wine? Round, almost perfect balance! • My Rating: 96 pts.
02 DOMAINE WEINBACH CLOS DE CAPUCINS GEWURZTRAMINER 2016 CUVEE LURENCE
• Region: Alsace, France • Varietal: Gewustraminer • Price: $45 • Aromas: Pineapple, vanilla • Flavors: Honey, white flowers, caramelized orange peel • Impression: Bold, crisp • Structure: Medium to full • Drink with: Creamy fish dishes, pasta alfredo, sushi • Why I loved this wine? Unforgettable • My Rating: 95 pts.
03 RAMON BILBAO VERDEJO 2018
• Region: Rueda, Spain • Varietal: Verdejo • Price: $22 • Aromas: Pear, citric accents • Flavors: Asparagus, green apple, canteloupe • Impression: Refreshing and rich • Structure: Light, easy drinking • Drink with: Ceviche, shell fish cocktails, soft cheeses. • Why I loved this wine? Crisp and savory. • My Rating: 90 pts.
01 Hartford Court “Land’s Edge Vineyards” Pinot Noir 2014
02 Domaine Weinbach Clos de Capucins Gewurztraminer 2016 Cuvee Lurence
03 Ramon Bilbao Verdejo 2018
120 LATINO LEADERS JULY / AUGUST 2019
120-CELLAR.indd 120
10/31/19 12:54 PM
00LL-HANES BRANDS.indd 2
16/10/19 13:30
00LL-FORD.indd 2
21/10/19 17:03