Susan Medina and Peter Gomez of Battalia Winston’s Diversity and Inclusion Practice recently contributed an article to Crain’s Chicago Business.
When Ursula Burns steps down from Xerox later this year, the number of black female CEOs of Fortune 500 companies will shrink to zero. Burns will exit a very homogeneous group of leaders—one that currently has only four black male and nine Hispanic CEOs.
While diversity of the population as a whole is increasing across the country, the representation of people of color in C-suites is decreasing. This is particularly true here in Chicago. According to Chicago United’s Corporate Diversity Profile, minority groups make up only 8 percent of C-level executive positions in the top 50 public Chicago companies; 17 of those companies, or 34 percent, have no ethnic diversity within their executive ranks at all.