2023 ELC Contact Newsletter by elcinfo

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CONTACT THE OFFICIAL PUBLICATION OF THE EXECUTIVE LEADERSHIP COUNCIL

2023 EDITION

FEATURED Meet The ELC’s New Senior Leaders: Fabian Milburn (pg 6) Audrey Taylor (pg 9) Earl Granger, III (pg 14) ON THE COVER:

ELC President and CEO Michael C. Hyter and ELC Board Chair Gale V. King at the 2023 ELC Recognition Gala

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2023 ELC BOARD OF DIRECTORS

CONTACT

OFFICERS

The Official Publication of The Executive Leadership Council

Gale V. King Chair, Nationwide (Retired)

2023 Edition

Gena Ashe Secretary, Anterix

elcinfo.com/contact-magazine

MARKETING & COMMUNICATIONS Rochelle Ritchie Libi Sprow Rice Chief Communications Communications and Marketing Officer Manager

Nancy Armand Vice Chair, HSBC Shaundra Clay Treasurer, Beam Suntory

EDITOR IN CHIEF Libi Sprow Rice

Gerald T. Charles, JR. Capital One

Javara Perrilliat Republic Services

EDITOR Angelina Gordon

Edward L. Dandridge AIG

Irene Quarshie Target

CONTRIBUTORS Libi Sprow Rice Angelina Gordon Barbara Diggs-Brown Courtney Hughes Rochelle Ritchie Mike Utaegbulam Michael Dutton

Valerie I. Rainford Elloree Talent Janice Innis Thompson Strategies Nationwide Shelley Stewart, JR. Sena Kwawu Bottom Line Advisory Avista Telisa Toliver Cynthia Marshall Chevron Dallas Mavericks Roy Weathers Oral Muir PwC Hilton

Thomas R. Harvey FloZenda Consulting

DESIGNER Black Digital

CONTENTS

Meet ELC’s New Senior Leaders:

Lloyd W. Brown, II Immediate Past Chair, Citi

6 Interview with Fabian Milburn

24 Information Technology

1301 K Street NW, Suite 210 West Washington, DC 20005 (202) 655.2952

25 Office Administration

9 Interview with Audrey Taylor

28 The ELC’s International Presence

10 Philanthropy 14 Interview with Earl Granger, III

29 The Black Economic Forum

16 Member Services

30 Event Recap

20 Marketing, Communications, and Advocacy

36 ELC Members On The Move

23 Finance

39 In Memoriam C O N T A C T

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Shannon Kief Controller

Alie Bangura IT Director

Stewart Hughes Assistant Controller

Samson Olugbade IT Support Manager

Merkena Cooper Accounting Manager

Juanita Lee Office & Special Projects Manager

David Digby Staff Accountant

Michael C. Hyter President & CEO, The Executive Leadership Council

Earl Granger, III Chief Development & Impact Officer Leah Wade Senior Director of Philanthropy

Angela Leftwich Chief of Staff

LEGAL & HR

Audrey Taylor Chief Academy Officer

Dr. Robert Harris Senior Program Manager of L&D

Ramien Pierre Director of The Leadership Institute

Trisha Saint-Aude Senior Program Manager

Jenny Vasquez Director of Board Operations & Governance

Amanda Rey Director of The Academy

Tamika Kelly Program Manager

Michael C. Hyter President & CEO

The Executive Leadership Council, an independent non-profit 501(c)(3) corporation founded in 1986, is the preeminent membership organization committed to increasing the number of global Black executives in C-Suites, on corporate boards, and in global enterprises. Comprising more than 800 current and former Black CEOs, senior executives, and board directors at Fortune 1000 and Global 500 companies, and entrepreneurs at top-tier firms, our members work to build an inclusive business leadership pipeline that empowers global Black leaders to make impactful contributions to the marketplace and the global communities they serve.

26 Human Resources

Lorna Walters Accounts Receivable Specialist

EXECUTIVE OFFICE

ABOUT THE ELC

7 The Institute for Leadership Development and Research

EX-OFFICIO DIRECTORS

Interviews with Fabian Milburn, Audrey Taylor, and Earl Granger, III

Hannibal Brumskine II Chief Financial Officer

DEVELOPMENT & IMPACT

FEATURED

4 Department Updates

Courtney Hughes Communications Specialist

FINANCE, IT & OFFICE ADMINISTRATION

DIRECTORS

TABLE OF CONTENTS

Angelina Gordon Senior Director of Communications

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THE ACADEMY

Justina Victor Senior Research Manager

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Fabian Milburn Chief Legal & HR Officer

Krysta Omeir Senior Program Manager of ELC Scholars Mayra Espinoza Director of Strategic Events Lauren Ashley Coe HR Business Partner

MEMBER SERVICES Erica Jordan VP of Member Services

Samad Sardri Data & Information Specialist for MyELC

Khaliliah Branch Senior Program Manager of Member Engagement

Damon Williams Senior Project Specialist for Member Initiatives

Kayla Waysome Senior Program Manager of Member Engagement

Ebony Harris Member Engagement Specialist

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ELC DEPARTMENTAL UPDATES

THE EXECUTIVE OFFICE This year, under the leadership of President and CEO, Michael C. Hyter, in partnership with ELC’s Board of Directors, The Executive Office led ELC staff to unprecedented impact for the Black corporate community.

he Executive Leadership Council (ELC) continues to make significant progress in member value through a variety of programs and initiatives. A member engagement survey was conducted, providing valuable insights that will be addressed in 2024 to further enhance member experience. The Corporate Board Initiative program (CBI) has been restructured and was relaunched in October ahead of The ELC’s UK Convening as the Corporate Board Navigator (CBN), offering a compelling value proposition to members seeking board opportunities. New initiatives have been introduced, including the CEO Advisory Group, Human Resources Cohort, ELC Career Transition Services, and Virtual Sessions.

The progression of the MyELC platform has been successful, with high user adoption and the availability of valuable analytics. Sixty-four percent of ELC members have registered and logged into MyELC to manage their membership profile, engage with other ELC members, sign up for events and review opportunities through our Corporate Board Navigator. In total, there are 673 users on the web, and 353 mobile application users. The ELC has focused on fostering connections among its members through various initiatives. Regional

The ELC placed emphasis on cultivating a positive organizational culture during 2023. Efforts have

Michael C. Hyter President & CEO

been made to create an environment that promotes collaboration, inclusivity, and support. As The ELC physical office continues to undergo renovations to prepare for the team to return to the office, The ELC has implemented measures and strategies to facilitate a smooth transition back to the physical workplace while prioritizing the well-being and safety of its staff.

member gatherings – meetings, meetups and convenings – have increased, providing opportunities for members to connect in their respective areas. The ELC UK Convening and Martha’s Vineyard experiences have been expanded, offering additional programming to enhance member engagement. The ELC also hosted a commemorative bell ringing experience at NASDAQ, further strengthening the sense of community among its members.

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The ELC Board had a successful first year, with the Executive Committee achieving several notable accomplishments. In January, the board hosted a retreat, followed by a strategic planning session with the Senior Leadership Team (SLT) in February. There has been a continuous effort to strengthen board processes and enhance the board director experience. Additionally, an HR Advisory Committee has been established to provide support to the CEO in their initiatives. Overall, the ELC Board has been proactive in its approach to governance and organizational development.

What can you expect from the Executive Office in 2024?

As we look ahead to 2024, The ELC will accelerate its efforts to increase sponsorship, expand leadership development programs, enhance fundraising efforts, T H E

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and improve operational efficiency. By achieving these goals, The ELC can strengthen its position as a leading organization dedicated to developing diverse leaders and making a positive impact in the community.

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Fabian Milburn is a senior business operations executive who serves as Chief Legal and Human Resources Officer of The Executive Leadership Council.

FABIAN MILBURN ONE ON ONE WITH THE NEW CLHRO

Q: Fabian, what attracted you to the role of

Chief Legal & Human Resources Officer at The ELC, and what ultimately led you to accept the role?

A: I wanted to use my professional expertise to ad-

Q: You are among the 5% of Black lawyers in the United States. What kind of impact and legacy do you wish to have at The ELC?

A: As one of a small group of Black attorneys, my

legacy extends beyond The ELC. The dream is to see Black attorneys in every area of the legal practice (for-profit and nonprofit) and industries where we have currently little or no representation. Through my role at The ELC, I hope to be a catalyst to introduce Black attorneys to executives who work in industries where Black executives are generally underrepresented and create pathways to entering new areas of the legal practice.

vance the mission of The ELC and to be an active participant, helping to increase the presence of Black executives in corporate C-suites and corporate boards. I believe that The ELC can make an impact at all levels of organizations with which we partner and our approach to fostering sustainable change continues to yield remarkable results.

Q: In light of the current global landscape where

DEI issues are of paramount importance and are met with various challenges, how do you envision the future of DEI efforts within The ELC, and what role will you and your team play in achieving those goals?

A: For The ELC, we will use our “voice” and our access to key decision makers to ensure that DEI is a part of their DNA, as they seek our counsel on best practices to attract and retain Black executives in their workforce. The ELC plays a critical role as a thought partner with our corporate partners and it’s clear that our members also look to The ELC for tools to use in their roles to drive change and see our numbers increase in the organizations in which they work.

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Q: This year you attended ELC Week and wit-

nessed The ELC award $3 million to the Class of 2023 ELC Scholars. What advice would you give to an aspiring young ELC scholar hoping to become Chief Legal and Human Resources Officer someday?

ELC DEPARTMENTAL UPDATES

THE INSTITUTE FOR LEADERSHIP DEVELOPMENT AND RESEARCH The Institute for Leadership Development and Research and The ELC’s unwavering commitment to nurturing the talent pipeline of Black leaders is a cornerstone of the organizational mission. Throughout the year, we proudly offered a range of programs designed to cultivate and empower emerging leaders. Positioned at the forefront of leadership evolution, The ELC Institute serves as a catalyst for growth, resilience, and excellence among individuals poised to make substantial contributions to their respective fields. The Institute publishes The Executive Leadership Council Journal: A Research Journal for Black Professionals twice yearly, delivering research, thought leadership, best practices, op-eds, and compelling stories for the development and advancement of Black professionals. While ELC members are encouraged to conduct research and contribute to the journal, university faculty and students are invited as well. A formal call for proposals can be found here.

A: My advice to our ELC scholars who want to

become a Chief Legal & Human Resources Officer is to be sure that they enjoy working to support missions and causes that they’re passionate about. I would offer this advice to any young scholar. If you’re passionate about what you do, you’ll never regret the time and effort required to become the best at your craft. As the saying goes, if you’re doing what you love, you’ll have a great professional life.

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Leadership Development Week

June 25-29, 2023 n During this four-day-long development opportunity, 150 Black corporate professionals gathered in New Orleans to attend Bright Futures, Strategic Pathways for Women, Leading Innovation, Navigating the Corporate Landscape, Strengthening the Pipeline I, and Strengthening the Pipeline II sessions.

C-Suite Academy - July 24-26, 2023 n Forty-eight (48) senior executives convened in Atlanta for the C-suite leadership development program. This year’s program featured keynotes and fireside chats with CEOs from Accenture, Lowe’s, Synchrony and UPS. A board readiness and strategy panel included Kimberly A. Blackwell, Rodney Bullard, Quentin Roach, and was moderated by Gale V. King. Mid-Level Managers’ Symposium (MLMS)

October 4-5, 2023 n MLMS was offered in a hybrid format for these two days. The virtual component was a live-stream of the in-person mainstages and included exclusive virtual breakout sessions. There were more than 1,300 inperson participants, a 30% increase from 2022 with more than 500 virtual participants.

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To see this many wonderful, successful, young Black people in a room together is amazing. It’s a great feeling. - MLMS participant

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AUDREY TAYLOR

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My experience at C-Suite Academy has given me a framework in which to consider my career progress, where I am now and where I would like to be next. It has given me a cohort of people with whom I can converse and rely on to help me, and I will help them in our career journeys. And finally, it has given me an additional boost of self confidence in my professional development that I didn’t recognize I needed. - C-Suite Academy participant

Audrey Taylor leads The ELC Institute (rebranding to The Academy) in every aspect of the design, development, marketing, business development, execution, and evaluation of offerings that support the entire life cycle of the global Black executive. These offerings include leadership development programs, related consulting services, coaching, and research.

Q: Can you tell us more about your vision as the newly-appointed Chief Academy Officer at The ELC, and your approach to the organization’s mission of advancing Black leadership in the corporate world?

A: As Chief Academy Officer at The ELC, I aim to

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build upon our existing strong foundation by deeply engaging with our members and partner organizations to grasp their evolving needs. My vision involves an evidence-based approach, using insights from our research institute to understand and address the requirements of Black talent. I’m focused on creating a strategic roadmap that amplifies our impact, translating our learnings into actionable strategies for sustained growth. Articulating this vision to garner wide support is a priority for me. It’s a “long game” -but I’m excited about it!

I would recommend The ELC for my company, from a pipeline development perspective since they have so many classes at different levels. Wherever you are, they’ll meet you. It is a great way for a company to develop a pipeline. - C-Suite Academy participant

Q: As someone with a background in both engineering and business, how do you believe your academic qualifications have prepared you for your current leadership role at The ELC??

What can you expect from the Institute in 2024? Accreditation

New Chief of Academy

As part of its efforts to design, develop and deliver best-in-class leadership development programs, The ELC is working to obtain accreditation for Institute programs in 2024. After it is finalized, accreditation will allow The ELC to offer continuing education credits and certifications for Institute programs starting in 2025.

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The Executive Leadership Council (ELC) announced Audrey Taylor as Chief Academy Officer, effective October 16, 2023. Following a rebranding effort in 2024, Ms. Taylor will be responsible for leading The ELC Academy (which includes all Institute activities), creating a value proposition for corporations committed to moving the needle on attracting, retaining, and promoting Black talent.

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A: My academic background, coupled with practi-

cal experience, shaped my path towards leadership. My engineering education instilled a sense of practicality, emphasizing the theoretical foundations of concepts and their practical application—a mindset crucial in business. Bridging these disciplines, I strive to align strategy with execution, a pivotal aspect of my role’s excitement. Mike’s visionary strategy for growth fuels our journey from point A to point B, and is a space where I thrive. T H E

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Q: Your role at The ELC involves creating a val-

ue proposition for corporations committed to promoting, and fostering, Black talent. Could you elaborate on the importance of this initiative?

A: This initiative holds immense significance

for me as it addresses the joint responsibility between individuals and organizations in nurturing Black talent. While The ELC focuses on leadership development and networking to advance leadership skills, we acknowledge that diversity and talent issues are deeply systemic. Corporations bear a crucial responsibility to approach these matters systemically, supporting and enhancing the capabilities of Black talent. By assisting committed organizations and implementing evidence-based strategies, we strive to make meaningful progress and achieve the impactful measurable change we aim for.

Q: How do you see your background in DEI contributing to your work at The ELC?

A: My experience advising organizations on

DEI reveals the challenges of implementing sustainable change amid economic and political pressures. Understanding an organization’s data is pivotal—it helps identify gaps and prioritize actions for equity and inclusion. Creating equitable workplaces requires commitment from leadership; without it, sustaining change becomes arduous. Educating leaders on the intricacies of DEI is crucial; without this understanding, driving and managing it becomes challenging. My background gives me an advantage in this understanding therefore an advantage in executing a strategy and solution.

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Honors Symposium

ELC scholars joined members and esteemed guests in National Harbor, MD for a multi-day professional development experience consisting of a series of events and meetings that connect and expose scholars to leading corporate executives and hiring managers from major global corporations. During this experience, scholars participated in career development opportunities and enriching social activities.

ELC DEPARTMENTAL UPDATES

PHILANTHROPY The ELC remains committed to nurturing Black talent at all levels, including undergraduate and graduate students. This year the Philanthropy team had the privilege of supporting over 700 students through The ELC Scholars program, Black Male Initiative, and Community Impact programs.

As an ELC scholar, students are welcomed into a large network of opportunities, are given internship opportunities through the companies that help support The ELC Scholarship Program and attend the Honors Symposium, a four-day Scholars Symposium where they participate in developmental workshops. The ELC was pleased to have the support of 20 corporate scholarship partners to make this possible. Our 2023 corporate scholarship partners included: 3M, Amazon, ADM, Bank of America, Bristol-Myers Squibb, Chevron, ExxonMobil, Hewlett-Packard Enterprises, HSBC, Johnson & Johnson, Lowe’s, Moody’s, Nationwide, Otis Elevator, Otsuka, RTX, Synchrony, UnitedHealth Group, USAA, and The Coca-Cola Foundation.

ELC Scholars

In 2023, The ELC awarded $3 million to 138 undergraduate and graduate students from over 65 educational institutions from around the United States – a nearly 50 percent increase from 2022. More than 1,200 applications were vetted by the scholarship selection committee and corporate sponsors over three months, culminating with the selection of 138 new scholars, including 135 undergraduate students and three graduate students. This year’s scholars represent a diverse number of fields with 80 percent pursuing either a STEM or business-related degree. 50 percent of this year’s scholars are women and more than 60 percent hail from a long list of HBCUs and other prominent universities from across the country.

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Johnson & Johnson served as Lead Sponsor of Honors Symposium. ELC member Courtney Billington, Government Affairs, North America, Johnson & Johnson introduced opening keynote speaker, Dr. Calvin Mackie, CEO and Founder of STEM NOLA, who charged scholars to excel despite the noise. ELC member Wanda Hope, Chief Diversity Equity and Inclusion Officer of Johnson & Johnson, connected with students in her introduction of closing keynote speaker, ELC member Kimberly A. Blackwell, Founder and Chief Executive Officer of PMM Agency.

Under the illuminated National Harbor Ferris wheel, scholars networked with executives and peers during the welcome reception sponsored by 3M. Senior leaders and ELC members led candid conversations with scholars about their career journeys and lessons learned along the way. The scholars participated in workshops on topics such as: Design Thinking, Executive Presence led by Bank of America executives, Leveraging Sponsors and Mentors by Amazon leaders, and Navigating the Interview and Cultivating Confidence by Synchrony leaders. As part of the Honors Symposium, the class of 2023 ELC scholars attended a pinning ceremony sponsored by Whirlpool and were pinned by ELC members and corporate executives to signify The ELC’s commitment to their development and the Black talent pipeline. ELC member, Danielle Brown, SVP and Chief Information Officer of Whirlpool provided remarks from industry

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leaders. Michael C. Hyter, ELC President and CEO, and Nancy A. Armand, ELC Vice Chair and Head of Portfolio Management, HSBC, led the scholars and executives in pledges of collective achievement and individual determination. Scholars were pinned by ELC members and corporate sponsors who have demonstrated Black excellence and achieved top performance in their careers. Our 2023 corporate scholarship partners included: 3M, Amazon, ADM, Bank of America, Bristol-Myers Squib, Chevron, ExxonMobil, Hewlett-Packard Enterprises, HSBC, Johnson & Johnson, Lowe’s, Moody’s, Nationwide, Otis Elevator, Otsuka, RTX, Republic Services, Synchrony, UnitedHealth Group, USAA, The Coca-Cola Foundation and Whirlpool.

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The ELC’s tangible community impact. The selected members were invited to serve on the committee to determine the community impact grantees that were announced at the gala. The ELC issued a total of $1 million in grants to the Joint Center for Political and Economic Studies, Legal Defense Fund and Russell Innovation Center for Entrepreneurs (RICE).

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I thought the sessions were very beneficial and taught us not only how to be ourselves and become memorable but also how to command respect and be secure in our identities as we enter new spaces. I really felt like every keynote and session taught me something that I will never forget.

My favorite session was the women’s panel. All the panelists were so insightful and real about what it’s like to be a Black woman in corporate America and didn’t spare any details which was extremely helpful for setting expectations and goals for my future.

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The fireside chat with Black men was especially impactful because it helped me gain insight into the idea of having an ever-evolving career. They also emphasized how you can leverage your experience in the corporate world to impact your community.

96% agreed the Honors Symposium 79% learned the general importance of exceeded their expectations

networking

91% agreed the Honors Symposium 70% identified skills needed to achieve a was very/extremely organized

higher-level of success

66% said the Honors Symposium 64% considered different companies to was better than other conferences pursue for internship/future employment they’ve attended in 2023 (46% survey response rate)

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Black Male Initiative

To further our commitment to the Black community and deepen our work in higher education initiatives, this year The ELC expanded and refined the Black Male Initiative. To date, this five-year pilot program has supported over 500 young men across the campuses of Delaware State University, Howard University, and North Carolina A&T State University. The program provides academic and social wraparound support to improve GPAs and matriculation rates among Black men in college.

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2023 marked a continued investment in launching targeted grant cycles to distribute general operating support aimed to increase the organizational capacity of Black focused and Black-serving organizations committed to Black student college and career attainment. The Philanthropy team remains steadfast in its focus to expand philanthropic giving at The ELC.

This year, student representatives from all three campuses joined the scholarship recipients at Honors Symposium, and were awarded with $5,000 surprise scholarship awards during the symposium. These young men now have greater access to academic tutoring, professional and peer mentoring, mental health support, internships and student support services to help them navigate day-to-day challenges and/or family and personal hardships. The 2023-24 academic year marks the fourth year of the Black Male Initiative, and we look forward to sharing our learnings for expanded impact.

Community Impact and Philanthropy Committee

What can you expect from Philanthropy in 2024?

To enhance the membership experience, the Philanthropy Committee was reinstated in August 2023 and provides guidance on how to best meet the mission and purpose of The ELC, using philanthropic and community efforts to engage our members, gain viable partners to further The ELC’s objectives and expand

In January 2024, in partnership with corporate sponsors, the Philanthropy team will launch approximately 15 undergraduate and graduate scholarship programs and three signature ELC scholarship programs: The Alvaro L. Martins scholarship for young men; The Ann Fudge scholarship for young women; and, the Protecting Black Voices scholarship for students committed to civic responsibility and community engagement. Those interested in connecting their company with The ELC towards our philanthropic giving or scholars programs are invited to complete the ELC Sponsorship interest form.

The Philanthropy team continues to expand standards of community impact with Community Impact Grants which are awarded to Black-led and Black-serving nonprofit organizations in conjunction with Member Meetings, The ELC Recognition Gala and targeted grant cycles.

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EARL GRANGER, III Earl Granger, III is the incoming Chief Development and Impact Officer, responsible for the design and implementation of fundraising strategies, development communication, and community relations activities, to identify, cultivate, and steward new and existing funding sources and partnerships.

ELC DEPARTMENTAL UPDATES

Q: Earl, welcome to The ELC as the Chief Develop-

MEMBER SERVICES, INTERNATIONAL PRESENCE, & BLACK ECONOMIC FORUM

ment and Impact Officer. Please share what attracted you to The ELC and how you personally identify with The ELC’s values?

A: I feel I have potentially been waiting for this kind

of opportunity my entire professional career. I see this role as the culmination of my career journey, uniquely primed by my education and experiences. Joining The ELC resonates deeply as it embodies Black excellence and aligns with my commitment to creating pathways for communities like mine. This opportunity isn’t just about ELC’s initiatives; it’s about the broader impact and the representation it offers.

Q: Your previous roles involved significant suc-

cesses in fundraising, particularly emphasizing inclusivity. How do you envision leveraging your experience to enhance The ELC’s funding strategies?

A: We must amplify our message globally, showcas-

There’s a misconception that significant contributions define impact, but that’s far from true. Not everyone can write a $10,000 check, but collectively, the combined effort of all gifts makes a profound difference. It’s the unity in our membership that truly counts, the power of coming together to create meaningful change that I am most excited about.

Q: The ELC has a strong mission focused on adA: I believe people generally grasp the concept

ing our commitment to Black excellence and leadership development, highlighting that this cause transcends racial boundaries-- despite legal and political hurdles. Unveiling ELC’s narrative is crucial; as we approach our 40th anniversary, it’s a pivotal moment to harness our history and impact for enhanced fundraising opportunities.

Q: What excites you most about joining The ELC? A: What excites me most is the prospect of harness-

ing our collective resources within our membership to propel us not just through our 40th year, but toward a vision that spans a century. Philanthropy, to me, serves as a catalyst for innovation. Aligning our organizational priorities with the philanthropic passions of our people is a win-win strategy.

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vancing Black leadership in the corporate landscape globally. Looking into the future, how do you see your role playing a part in supporting and expanding this mission?

ELC Member Services is committed to providing support and opportunities for its members. From the process of selecting new members to the experiences at Winter and Summer Member Meetings, EmpowHER, and CEO GameChanger Conference®, the Member Services department is at the forefront of facilitating meaningful connections. Engaging Member Meetups and Brunches further enhance the sense of community and empowerment for each member. The innovative MyELC platform, designed to enhance engagement

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of fundraising, but fail to realize it entails both an art and a science. Part of my role involves elevating the existing opportunity for individuals to invest with us. We must take the time and make the effort to educate people about these opportunities.

There’s a quote that I hold dear: ‘If your presence doesn’t make an impact, your absence won’t make a difference.’ I aim to leave a lasting imprint, not just through the work at ELC, but by ensuring a meaningful presence in spaces that matter. I see myself as fortunate, serving as a conduit for the organization. I’m the facilitator, helping people comprehend how they can invest in our work. It’s about providing inspiration, education, and helping them grasp the value proposition for the opportunity and its impact. 2 0 2 3

1000 and Global 500 companies. The class embodies a balanced gender distribution, with 58% male and 42% female members, reflecting a diverse and accomplished cohort of leaders. The ELC received an impressive 123 nominations for the Class of 2024. After a rigorous evaluation process, the Membership Committee and ELC Board extended invitations to 53 potential new members, including three enterprise CEOs, 47 senior executives and three corporate board directors. Among this group, there is also a balanced gender distribution with 53% female and 47% male members. The induction for the Class of 2024 will take place in March during the Winter Member Meeting in Las Vegas.

Member Meetings Winter and Summer Member Meetings with fellow members and keep them informed about upcoming events, also creates opportunities to stay seamlessly connected.

Member meetings are designed to foster engagement, fellowship and creation of lasting connections. The March 2023 Winter Member Meeting took place at Eau

New Members New Member Intake

In March 2023, The ELC welcomed 67 distinguished new members, carefully chosen from a highly-competitive applicant pool. The ELC Class of 2023 consists of 65 Senior Level-Executives and two Corporate Board Directors, with an impressive 75% hailing from Fortune T H E

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Palm Resort and Spa in Manalapan, Florida with recordbreaking attendance of 250+ members. The agenda featured informative sessions on salary negotiation, how to secure a corporate board directorship, and a compelling keynote address by the distinguished professor, writer and media personality, Michael Eric Dyson.

Board Navigator (CBN) program. Thanks to support from lead sponsor Deloitte, and a reinvigorated committee co-chaired by Singleton McAllister and Arlene Isaacs-Lowe, the program has expanded its vision of the board directorship lifespan and is now offering tools and guidance for three phases of the journey. The ELC has defined the three phases as:

Three years after the tragic murder of George Floyd, 150+ members traveled to Minneapolis, Minnesota for the Summer Member Meeting to engage in a series of member sessions about the Black community. The meeting began with a welcome reception, during which both mayors of the Twin Cities, Minneapolis, and St. Paul, acknowledged the strength of Black businesses and the community in Minneapolis. The following

Phase 1 - Board Readiness – This phase features the traditional cohort model, by which ELC members are selected to participate in six months of programming targeted at providing the fundamentals for becoming a competitive board candidate and how to market themselves to search firms and companies alike.

day featured sessions on mental health preservation, the economic implications of George Floyd’s murder, corporate responsibility, and the impact of Black leadership in sports.

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Phase 2 – Board Navigation – Ideal for first-time board directors with three years or less of corporate board experience, Phase 2 provides targeted insights to help ELC members become more effective board directors. Insights include mastering the unwritten rules of board service, how to ask the right questions at the right time for the right reasons, and how to be an effective advocate. Phase 3 - Board Elevation – Seasoned board directors will appreciate the topical insights and strategic tools provided in Phase 3. Designed as a guidepost to help board directors position themselves for Board Leadership positions (ex. Board Chair, Independent Director) and Committee Leadership positions (ex. Audit, Nom/Gov) and how to influence change in those positions.

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EmpowHER

The women of The ELC and their guests gathered in New Orleans for “EmpowHER,” a panel discussion and convening of executive women centered around the empowering theme, “Lift as We Rise.” The panel discussion was led by accomplished female business leaders who shared their experiences in overcoming challenges on their journey to becoming corporate executives. The session concluded with attendees taking the EmpowHER pledge, committing to take action to empower other Black women within their sphere of influence.

CEO Gamechanger Conference®

The CEO GameChanger Conference® is an immersive program designed to provide CEOs with the knowledge, insights, and tools needed to support and advance their Black talent. Designed as an off-the-record, safe-space, Chatham House Rule conversation, where what is stated at a meeting, stays at a meeting, the conference is a catalyst for equipping CEOs and their organizations with innovative strategies to advance the representation of Black leaders at the senior executive and board levels.

Member gatherings are pivotal for fostering constructive dialogue and collaboration with active member engagement at the core of success. This year, over 200 members came together across the country at the following meetups: n Cocktails and Conversation in the Dallas/Fort Worth area n Reception and screening of the deeply emotional play, The High Ground in Washington, DC n Charlotte Hornets vs the Toronto Raptors game in Charlotte, NC n A Midwest Convening in Columbus, Ohio at Nationwide HQ n The ELC Member Brunch in Martha’s Vineyard These meet-ups provide members a platform to connect, network, and engage in discussions on relevant topics, spanning from diversity, equity and inclusion to the historical impact on the future of the Black community. Building connections with member colleagues offers a unique chance to expand professional networks and find like-minded individuals.

The theme of this year’s CEO GameChanger conference was “BREAKTHROUGH,” exploring a multifaceted understanding of and critical considerations for enabling the advancement of Black talent. Through a series of interactive case studies, our facilitators delved into the desired outcomes for Black talent, the challenges that need to be addressed, the successes achieved to date, and the strategies required to

ELC members serving on at least one public or private company board, the program needed to expand. In 2023, the CBI was transformed into the Corporate |

Case studies were led by CEOs Marvin Ellison of Lowe’s, Christophe Beck of Ecolab, and Brian Doubles of Synchrony. Our final session for this year’s conference included a dynamic panel discussion with ELC members Gale V. King, Board Director, AutoZone, Herman Bulls, Vice Chairman, JLL and Brenda Lauderback, Chairwoman, Denny’s. These discussions helped catapult an exciting dialogue on the future of initiatives and reflected on learnings of the past.

Member Meetups and Brunches

Since 2011, the Corporate Board Initiative (CBI) has served to enhance the preparedness of ELC members for service on corporate boards, but with nearly 60% of

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maintain momentum despite the current political climate.

The CEO GameChanger Conference® fostered candid conversations and addressed the very real obstacles to change encountered by today’s corporate leaders. It aimed to empower participants to support and advance Black talent, overcome barriers to change, and lead with a sense of purpose and impact.

Corporate Board Navigator (CBN)

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MARKETING, COMMUNICATIONS & ADVOCACY Advocacy, Marketing and Communications Touches Everything ELC

In 2024 we are looking to our members to help us double the amount of connections and member meetups across the organization as a means to increasing our collective impact in our respective communities.

MyELC

In 2022, The ELC unveiled MyELC, an innovative membership platform empowering members to wield greater control over their ELC experience. Available on both Android and iOS, the MyELC mobile application offers a comprehensive suite of features. Members can easily manage their profiles, access and settle dues invoices, explore the extensive ELC Membership Directory, and foster connections with ELC staff and fellow members through specially tailored communities. MyELC serves as a central hub, enabling members to oversee their profiles, seamlessly register for ELC events, gain exclusive early access to memberonly events, and explore board opportunities managed by our Corporate Board Navigator program.

launch of the Corporate Board Navigator Program n Thoughtful and targeted engagement with the international membership n Successful launch of the RQ membership intake platform which now allows for centralization of data and information necessary to execute the new member intake process n Unveiling of EmpowHER, the newest member engagement event designed specifically for ELC women and their guests

Member Services expects to launch phase 3 of the Corporate Board Navigator Program; introduce a targeted international engagement strategy; present focused member learnings and development opportunities; and a full roll out of The ELC Career Transition Program.

n Successful launch of MyELC contributing to a more than 90% collection rate of all ELC dues n Reinvigoration of the corporate board readiness program and successful unveiling of the plan and C O N T A C T

Michael C. Hyter, and Board Chair Gale V. King, have been quoted in major media and appeared together on CNBC. CEO Hyter was interviewed for an article in Bloomberg for the corporate reaction to the Supreme Court decision on Affirmative Action and its broader

What can you expect from Member Services in 2024?

2024 Successes:

As The ELC experiences significant growth and impact, the Marketing and Communications team is engaged in every aspect of the organization – from the Executive Office to Member Services to memberled subcommittee initiatives. The department provides strategic counsel and facilitates outreach to ELC membership through Weekly Digests, separate emails, and quarterly newsletters. A very active social media

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strategy helps The ELC reach hundreds of thousands of interested parties, generating millions of impressions and attracting thousands of new followers on multiple platforms. These activities are vital to increasing the brand visibility and reputation of The ELC, our members, their companies and our strategic partners. ELC leadership is promoted as a source for thought leadership on a wide range of issues relating to Black corporate leadership and DEI. President and CEO T H E

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impact. Chair King was quoted in Fortune about developing Black executives for C-Suite roles in the widely read Fortune 500 issue. The Department’s collaboration with CNBC’s Equity & Opportunity series featured the results of a survey on the state of Black employees and executives in corporate America. We worked with our partners at Deloitte and the Alliance for Board Diversity to publicize the results of the 7th Edition of The Missing Pieces Report on corporate board diversity, with a significant increase in Black women on boards. CNBC’s livestream Equity & Opportunity Forum provided an additional platform to promote The Missing Pieces Report.

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Chief Academy Officer Audrey Taylor was a featured speaker in an in-studio interview with Voice of America broadcast to an international audience about how Black women can advance in global leadership roles. Through media outreach and press releases, The ELC has reached thousands of influencers and made millions of impressions.

A series of LinkedIn Live webcasts exposed a broad international audience of nearly a quarter million followers to subjects from “Building the Path to Leadership” to “The Transformative Power of AI (Artificial Intelligence).” Hosted by CEO Hyter, the AI LinkedIn Live had the highest number of registrants and attendees, with more than half of the one thousand registrants attending.

ELC Week activities constituted the most demanding focus of the department to support the ELC Scholarship Program and Honors Symposium, MLMS, the CEO GameChanger Conference®, the Annual Recognition Gala and the Member Brunch. Marketing and Communications created the special microsite website to promote the Gala and serve as a gateway for table sales, sponsorships and information. The department provided staff support for all ELC Week events and continuous coverage on social media. Special accommodations were made for lead sponsors and award recipients.

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During the Congressional Black Caucus (CBC) Annual Legislative Conference, CEO Hyter served as a subject matter expert on CBC Chair Steven Horsford’s (DNV) Issues Forum Town Hall Session on the Corporate Attacks on DEI. Hyter also interviewed Nevada Attorney General Aaron D. Ford, Nevada’s 34th and first Black AG, for the first installment of ELC’s Attack on DEI Virtual Series. CBC Chair Horsford gave remarks on why this is a key issue for his administration and articulated the desire to partner with The ELC on this issue. The ELC’s relationship with Rep. Joyce Beatty (D-OH), the immediate past CBC Chair, remains as strong as ever. Rep. Beatty attended the Annual Recognition Gala, as well as Steve Benjamin, Head of The White House Office of Public Engagement.

Throughout our history as an organization, Advocacy has played a key role in advancing The ELC’s mission and purpose. We are maintaining and building strong relationships with officials in the public policy arena and finding new avenues to amplify our voice and strengthen our advocacy efforts in the nation’s capital and beyond.

The department also supported President and CEO Mike Hyter’s announcement that Vanessa Kingori was Powerful Media’s “ELC Executive of the Year” during the Powerlist Black Excellence Gala, in addition to producing an advertorial for the Powerlist Awards program book.

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The department continues to deliver vital support for Academy and Institute programs, promoting virtual and live events for Leadership Development Week, the Power of Women at Work, Black Men in Leadership, C-Suite Academy and the Mid-Level Managers’ Symposium among many others.

Two highly successful Member Meetings in Manalapan, FL (Palm Beach) and Minneapolis, MN benefited from the department’s support. Promotional marketing, messaging, photography and videography increased awareness among members and the enlightenment of meeting participants. Local mayors from West Palm Beach, St. Paul and Minneapolis welcomed ELC members to their regions. In addition to the Winter and Summer Member Meetings, ELC leadership engaged members in a series of in person and virtual gatherings.

The department provided messaging and logistical support for The ELC’s participation in the Opening Bell of Nasdaq in New York to celebrate Juneteenth 2023 on a national platform. Multiple events in London with ELC UK gatherings in March, May and October also received support from the Marketing and Communications Team, including on the ground support of the four-day, curated ELC UK Convening for UK and US-based ELC members, which included a reception at Buckingham Palace with King Charles III and a small group of ELC members from Powerful Media’s Powerlist Black Excellence Gala.

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The department has recruited and assembled a talented team prepared to serve ELC and our members. Advocacy, Marketing and Communications will continue to support the transformation of The ELC’s business model to a stronger year-round effort extending its reach and impact beyond the special ELC Week events. Increasing member and company engagement, and building awareness of The ELC’s relevance, thought leadership, influence, and impact on Black talent at all levels in global corporations remains The Department’s focus for the future.

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Designing A Post-Career of Board Service: Part II May 15, 2023 by Keith Dorsey Black CEOs on the Fortune 500 reach new record high in 2023- meet the 8 executives June 5, 2023 by Paige McGlauflin

The Executive Leadership Council Rings the Nasdaq Stock Market Opening Bell June 21, 2023 As seen in Nasdaq Behind the Bell: The Executive Leadership Council June 26, 2023 as seen on Nasdaq

Board Diversity Made Big Strides but This Group Still Lags Behind June 15, 2023 by Evie Liu

Kickstarter’s New Finance Chief Boosts the Ranks of Black Female CFO’s July 12, 2023 by Jena McGregor

Zoetis’s Wetteny Joseph- One of the Few Black CFOs in the Fortune 500-Began his Journey to Finance Chief in Haiti June 16, 2023 by Sheryl Estrada

Black Execs to CEOs: Keep DEI Despite SCOTUS Ruling July 18, 2023 by Michael Katz

Black Executives See Progress Since George Floyd, but Much Work Still to be Done: CNBC Survey June 19, 2023 by Frank Holland 74% of Black Executives Say Hiring Practices Have Improved Since George Floyd’s Murder, Survey Finds June 19, 2023 by Ana Faguy

LinkedIn Live Series

Black Executives Urge CEOs to Keep Investing in Diversity Programs Despite Supreme Court Ruling July 18, 2023 by Cheyanne M. Daniels TIME Honors the 60th Anniversary of the March on Washington with an ‘Impact Family Dinner’ August 10, 2023 by Time PR

Q3 August 2023

November 2023

LinkedIn Live: Transformative Power of AI More than 500 people participated in our live event and over 1,000 watched the replay

2023 YTD Social Media Analytics:

Celebrating Black Business Month with Kim Alexis Newton Ahead of the August event, more than 350 people had registered to attend with more than 189 logging in during and after the broadcast and over 250 viewers over the lifetime of the post.

Stay connected with The ELC across social media by following us on:

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Black Board Members Close to Parity with U.S. Population as Corporate America Makes Progress June 20, 2023 by Nessa Anwar

The CIO’s Role in Leading Organizational Change April 24, 2023 by Errol Gardner

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ELC DEPARTMENTAL UPDATES

FINANCE The ELC’s Finance Department is responsible for the strategic annual operating planning process, management, oversight, and reporting of all financial activities of the organization. In addition to the dayto-day operations, the team also handles financial reporting, capital management, regulatory compliance, budgeting, forecasting, and collaboration on strategic initiatives.

Regulatory Compliance

Operational Efficiencies/Revenue Growth

With support from all ELC departments, the annual operating and budget plan for 2024 is in the final stages of completion. The budget was presented to the finance committee on October 18, where the committee had an opportunity to do a deep dive with staff on the details of the budget and plan and strategy. The 2024 budget was presented by the finance committee to the full board at the Board’s December meeting.

The department grew revenue by > 5% through strong member dues and gala revenue performance and reduced expenses in a few key operational areas, leveraging savings of > $500K. Cash flow was increased driven by gala pre-sale, receivables management and cash management. Funding for physical office reconfiguration was accomplished through leveraging a renegotiated office lease agreement. The finance department secured $440K through leveraging the federally-funded Employee Retention Credit (ERC) program.

The 2023 Audit was finalized working with external auditors, Mitchell Titus, leading to a clean audit opinion for the year. In addition, the department prepared and filed the organization’s annual IRS form 990 and states solicitation regulatory filings. Lastly, a new lease accounting pronouncement is complete.

Annual Operating Plan/Budgeting

Risk Management

The department completed the Cyber Security Risk Assessment, leveraging pro-bono support provided by PriceWaterhouseCoopers (PwC) and is in the process of executing on a remediation plan, where opportunities were identified for strengthening our cyber risk posture. We also are in the final stages of a larger Enterprise Risk Assessment, leveraging probono support provided through Ernst and Young (EY), which is expected to be finalized in Q1 of 2024.

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INFORMATION TECHNOLOGY

OFFICE ADMINISTRATION

Three High Priority Areas

The newly designed office space strives to offer the comforts of home while providing the level of technology and in-person collaboration opportunities that are only available in an office environment. Emphasizing the Council’s commitment to collaboration, common spaces are equivalent in square footage to individual workstations. Shared spaces include a spacious open lounge area with ample seating, conference rooms of varying sizes, pin-up spaces for project reviews and presentations, and flexible collaboration spaces interspersed among desks. The new space is modern, flexible, and reflects the Council’s investment in creating a dynamic environment for hybrid teams.

Member Experience Staff Productivity IT Infrastructure & Cybersecurity The ELC embarked on a cybersecurity journey, beginning with a comprehensive Cyber Security Audit. This audit was the foundation for a broader enterprise risk assessment. Following the audit, the Council executed a remediation plan and maintained a strong focus on cyber and phishing awareness. The Council will continue to harness Microsoft Cloud automation to enhance security and compliance across the enterprise.

The IT Department of The Executive Leadership Council (ELC) has strategically outlined three primary areas of focus:

This year, The ELC continued to enrich MyELC’s offerings, focusing on community engagements, and enhancing features such as campaigns, surveys, and newsletters. They also expanded support for smaller ELC events, aiming to create a dynamic and ever-evolving Member Experience.

n IT Infrastructure and Cybersecurity: This priority is dedicated to streamlining the IT infrastructure, making it agile, secure, and in alignment with industry best practices to effectively support both our valued members and dedicated employees.”

And finally, the IT staff-initiated SharePoint implementation, collaborating with various departments to inventory and map data and transition it from legacy Shared Drives to cloudbased platforms including Microsoft OneDrive. The goal is to enhance the employee experience though secure and simplified collaboration experiences. The team also strengthened its services to the Council with the addition of an IT Manager who joined the organization in September 2023.

n Member Experience: This priority centers on deploying cutting-edge digital solutions to facilitate ELC members in networking with one another and actively engaging with ELC programs. n Employee Experience: In this domain, our objective is to enhance the maturity of digital tools, ensuring efficient and secure collaboration for our hybrid workforce.

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Newly Designed Reconfigured Office Space Council staff anticipate the formal opening of The ELC’s newly reconfigured office space – a space that is informed by the lessons we learned from working virtually, but supports in-person collaboration. The Council’s senior leadership team and architects worked hard to make sure ELC team members have everything needed to succeed in a new hybrid/virtual environment.

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HUMAN RESOURCES The HR department has been at the forefront of driving innovation within The ELC, and these innovations have significantly supported our organization’s impacts, served specific audiences, and addressed specific requests. The ELC Human Resources Department is the force behind The ELC’s commitment to a nurturing, dynamic and inclusive workplace. The HR team plays a pivotal role in fostering a culture of collaboration, talent development, and employee well-being. As The ELC strives to empower our workforce and align with The ELC’s vision, this department spearheads initiatives that support professional growth and a positive work environment.

Development of Career Pathing for Employee Retention:

Revamping the Onboarding Process:

Establishment of the Culture Committee:

The revamping of the onboarding process was a transformative innovation that directly impacted new employees. By streamlining and enhancing the onboarding experience, we ensured that new hires assimilate quickly into our organization. This innovation has not only improved employee satisfaction but also accelerated the time it takes for new team members to become fully productive contributors. It’s been instrumental in meeting the needs of our new hires and providing them with a positive introduction to our culture and values.

Implementation of a new HRIS (Human Resources Information System):

The adoption of a modern HRIS has been a gamechanger for the HR department. This technologydriven innovation has allowed us to automate and streamline many HR processes, including payroll, benefits administration, and time tracking. It has empowered our HR team to be more data-driven and efficient, enabling us to respond more effectively to the needs of employees and leadership. Additionally, the self-service capabilities of the HRIS have given employees greater control over their HR-related tasks, such as updating personal information and accessing important documents. C O N T A C T

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added tremendous value to the organization. From executives and specialists, this has been a significant achievement that directly aligns with The ELC’s mission. These hires have not only brought diverse expertise but also contributed to the organization’s goal of fostering a strong Black talent pipeline. The addition of key executives, such as the Chief Academy Officer and Chief Development and Impact Officer, demonstrates commitment to leadership development within the organization and reflects The ELC’s mission to empower new leaders to drive positive change.

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The introduction of career pathing has been a strategic innovation that directly addresses the needs and aspirations of employees. By providing a clear roadmap for career progression within the organization, we’ve empowered ELC employees to take control of their own development. This innovation not only supports ELC employees’ career growth but also plays a crucial role in employee retention. When employees can see a future for themselves within the organization, they are more likely to stay committed to our mission and objectives. The creation of the Culture Committee is another innovation that has had a profound impact on The ELC workplace environment. This committee is dedicated to fostering a positive and inclusive workplace culture. By organizing events, activities, and initiatives that align with ELC’s core values and engage our employees, the Culture Committee has served as a powerful tool for strengthening the ELC organizational culture. It has also addressed specific requests from employees who sought a more vibrant and connected workplace. In summary, these innovative initiatives undertaken by the HR department at The ELC have not only supported the organization’s impacts but have also served specific audiences and addressed requests from both employees and leadership. They reflect The ELC’s commitment to continuous improvement and dedication to meeting the evolving needs of the organization’s workforce and stakeholders. These innovations have been pivotal in ensuring that The ELC remains a dynamic, forward-thinking, and employeecentric institution.

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Introduction of Employee Wellness & Mental Health Initiatives: In line with the mission, HR

introduced Employee Wellness & Mental Health Initiatives that address the holistic well-being of ELC employees. These initiatives, focusing on mental health support and wellness resources, are vital components in nurturing a thriving Black talent pipeline. By fostering a supportive and caring work environment, we aim to ensure that all employees are equipped with the mental and emotional resilience necessary for leadership roles and sustained success.

Development of the ELC Internship Program:

The Council also established an internal Internship Program that provided valuable opportunities for five summer interns to gain hands-on work experience. The Internship Program has been a significant step toward fulfilling our mission of creating a strong Black talent pipeline. Notably, two of the Council’s interns were ELC Scholars, reflecting our commitment to supporting educational initiatives and fostering talent within the community. This experience offered to ELC’s emerging professionals also allowed Council staff to tap into fresh perspectives and innovative ideas, enriching ELC’s workplace culture.

Career Pathing for Employee Retention: HR’s

commitment to career pathing is a strategic move that supports employee retention while simultaneously contributing to ELC’s mission. By providing clear career development pathways, Black employees are empowered to envision their future within the organization, fostering their commitment and motivation to become leaders in their respective fields. These successes and initiatives underscore The ELC’s mission of creating a strong Black talent pipeline of new leaders. These particular successes stand as shining examples of how The ELC continues to evolve and adapt to meet the needs of our members, participants, and team members. They exemplify our dedication to providing unique opportunities, fostering growth, and T H E

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delivering on our mission to advance education and create a workplace that is both innovative and inclusive. Through strategic hiring, well-being support, a vibrant workplace culture, internship opportunities, and career development pathways, we continue to advance our mission and nurture a diverse and empowered talent pool that will drive the organization’s success well into the future.

What can we expect from HR in 2024?

The HR department at The ELC, is excited to outline its key goals and priorities for the year 2024. These initiatives align with the department’s commitment to creating a vibrant, inclusive workplace, retaining top talent, enhancing the employee experience, and elevating learning and development opportunities.

Talent Retention and Employer Rebranding:

Retaining The ELC’s top talent is crucial for the organization’s continued growth and success. In 2024, we will focus on enhancing our talent retention strategies and further reinforcing The ELC as an employer of choice. This involves employer rebranding efforts to showcase our commitment to employee development, well-being, and career growth. We will work on attracting and retaining talent by offering competitive compensation and benefits packages, career advancement opportunities, and a supportive work environment.

Elevating the Talent Learning & Development Experience: Learning and development are at the

core of our mission, and in 2024, we aim to elevate the talent learning experience even further. HR will create additional opportunities for talent development and recognition, including mentorship programs, leadership training, and skills enhancement initiatives. This will empower employees to continuously grow and contribute to the organization’s success. Recognizing and celebrating the achievements of our talent will also be a central focus, as it motivates individuals to excel and fosters a culture of continuous improvement. These key goals and priorities for 2024 reflect HR’s commitment to creating a dynamic, supportive, and growth-oriented workplace at The ELC. HR department is dedicated to nurturing organizational culture, retaining exceptional talent, prioritizing employee wellness, and providing abundant opportunities for learning and development. By focusing on these objectives, the department is confident that it will continue to thrive as an organization while simultaneously enriching the lives and careers of employees.

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INTERNATIONAL PRESENCE

BLACK ECONOMIC FORUM

The ELC UK Convening, orchestrated by the International Presence Committee (IPC), emerged as a bespoke series of events crafted to enhance engagement and amplify the UK membership. During this week-long immersion, ELC President and CEO Michael C. Hyter, alongside Board Chair Gale V. King, embarked on a journey to London, immersing

The Black Economic Forum, a collaborative effort with The Beta Iota Boule and McKinsey & Company, recently unfolded in the enchanting setting of Martha’s Vineyard, marking a significant gathering for thought leaders, change-makers, and ELC members alike. This two-day event proved to be a cornerstone for discussions centered on a forward-looking approach to propel Black economic mobility to new heights.

of topics critical to the economic landscape, including the impact of climate change on Black communities, the role of technology in fostering equity, and the significance of public/private investments in propelling Black economic mobility.

This engaging conversation explored the dynamic landscape of corporate board opportunities, encompassing governance structures, the regulatory environment, the search process, and cultural nuances. The crescendo of the week was the Breakfast with a Purpose, featuring a compelling conversation with Karen Blackett, OBE, and a resounding call to action, urging alignment between BEO and ELC philosophies in advancing collective objectives. The BEO is an independent, national Black civil rights organisation created to dismantle systemic racism in Britain, Concluding the IPC’s UK Convening on a high note, the week came to an elegant close at The Grosvenor House, hosting the distinguished Powerlist Black Excellence Gala. It was a fitting end to a week filled with enriching discussions and valuable connections in London. These impactful events align seamlessly withThe ELC’s steadfast commitment to International Presence in the UK, providing invaluable opportunities for ELC UK members to forge connections with ELC leadership, new members, and prospects, while nurturing relationships with key stakeholders and partners in the UK. The International Presence Committee’s pivotal role continues to unfold, playing a central part in broadening The ELC’s global reach and amplifying its impact.

themselves in meaningful interactions with ELC UK members, prospects, partners, and esteemed guests. The calendar of events unfolded with a grand welcome reception at the Soshiro Art Gallery, an enchanting collaboration with The Boulé and The Links, Inc. ELC leadership, including Board Vice Chair Nancy Armand and Committee Co-Chair Keith Levy, radiated warmth, setting the tone for the evening. Attendees were treated to a carefully curated experience, showcasing the epitome of Black British excellence through the current gallery collections of Designer & Creative Director Shiro Muchiri. As part of the UK Convening, The ELC hosted a thought-provoking Corporate Board Panel Discussion, a member-exclusive session delving into the readiness, opportunities, and distinctions of board service.

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Drawing from the theme focused on a future oriented approach to advance Black Economic Mobility, the Black Economic Forum aimed to provide a dynamic space for Black corporate executives, philanthropists, scholars, and more. The primary goal is to network and collaborate and to ideate and strategize on initiatives that significantly contribute to advancing Black economic development. This year’s thematic focus went beyond the immediate present, delving into a future-oriented perspective, reflecting both on the progress made and the challenges that lie ahead. During the forum, participants were treated to a series of engaging panel discussions featuring prominent ELC members. These discussions covered a wide array T H E

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The event’s significance was further elevated by the presence of keynote speakers Marc H. Morial and Michael S. Regan. Marc Morial, President and CEO of the National Urban League and former Mayor of New Orleans, emerged as a leading voice on the national stage, focusing on the urgency of the current moment in the battle for change. Meanwhile, Michael Regan, serving as the Administrator of the United States Environmental Protection Agency, added a crucial perspective on environmental justice, bringing his commitment to the role as the first Black man and second person of color to lead the agency. In essence, the Black Economic Forum not only served as a platform for reflection on past achievements but also as a dynamic space to address the challenges ahead. It stands as a pivotal moment in the ongoing pursuit of Black economic mobility, emphasizing collaboration, ideation, and a future-oriented mindset as essential elements in the journey toward positive change.

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As part of the Honors Symposium, the Class of 2023 ELC Scholars attended a pinning ceremony, sponsored by Whirlpool, and were pinned by ELC members and corporate executives to signify The ELC’s commitment to their development and the Black talent pipeline.

Mid-Level Managers’ Symposium

EVENT RECAP

More than 1300 Black professionals from 70 of the nation’s largest Fortune 500 corporations participated in The ELC’s 2023 Mid-level Managers’ Symposium.

IN CASE YOU MISSED IT! The Executive Leadership Council’s 2023 “ELC Week’’ consisted of five concurrent programs and events for a range of audiences, including undergraduate and graduate students (Honors Symposium), mid-level professionals (Mid-Level Managers’ Symposium), enterprise-wide CEO’s and C-suite executives (CEO GameChanger Conference®), ELC Members and more. The week was anchored by The ELC’s premier fundraising event, the Recognition Gala, that celebrated nearly $3 million in scholarships to Black undergraduate and graduate students, $1 million in Community Impact Grants and honored key industry leaders and companies. outstanding achievements of nearly 150 ELC Scholars who collectively received a remarkable $3 million in scholarships from 21 companies. Scholarships were sponsored by the following corporations: 3M, Archer Daniels Midland, Amazon, Bank of America, Bristol Myers Squibb, Chevron, Choice Hotels, The Coca-Cola Foundation, ExxonMobil, Hewlett-Packard Enterprise, HSBC, Johnson & Johnson, Lowe’s, Moody’s, Nationwide, Otis, Otsuka, RTX Corporation, Synchrony, UnitedHealth Group and USAA.

Future ELC members, student scholars, mid-level managers, C-suite leaders, CEOs, media, civil rights leaders, and more gathered at the Gaylord National Resort & Convention Center in National Harbor, Maryland, October 3-6, 2023, for ELC Week. The primary purpose for the week of events, commencing with the Honors Symposium and concluding with The ELC Recognition Gala, was to nurture and amplify Black excellence and leadership in business.

Honors Symposium

The ELC Honors Symposium, sponsored by Johnson & Johnson, was a remarkable and celebratory event, dedicated to honoring and recognizing the

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ELC President & CEO Michael C. Hyter opened the week of events with an inspiring message, “Like you, I always had a vision for my life, and that vision of success both personally and professionally empowered and required my strive to excellence, and The ELC is here to partner with you in cultivating those skills and providing you a glimpse into your life after graduation.” Scholars received professional development and participated in workshops hosted by corporate sponsors including “Executive Presence: Gravitas Like a Boss,” hosted by Bank of America, “Your Network is Your Net Worth – Leveraging Sponsors & Mentors,” hosted by Amazon, and “Navigating the Interview & Cultivating a Confident You,” hosted by Synchrony, among others. F A L L

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The theme of the two-day program was “The Collective Climb: Cultivating the Next Generation of Leadership” and featured panels like, “Swim Like a Shark: Developing Your Instincts for Corporate Success,” moderated by ELC Member Erika Irish Brown, Chief Diversity, Equity and Inclusion Officer and Global Head of Talent at Citibank, with guest speaker Daymond John, TV Personality on ABC Shark Tank, CEO of FUBU and Entrepreneur, “Be the First Domino: On Becoming a Professional Troublemaker,” featuring Luvvie Ajayi Jones, Book Strategist, Mentor and Coach, CEO and Chief Creative Officer at Awe Luv Media, and “The Authentic Vanguard: Strategies for Influential Leadership and Alliance Building,” moderated by ELC Member Cynthia Bowman, CDI & CSR Officer at Bank of America, and featuring guest speaker Detavio Samuels, CEO of Revolt. Daymond John spoke of his journey through entrepreneurship, the ups, the downs, and even the struggles; this included finding funding, finding the best team, and finding the idea that would “stick”. He advised the audience to keep a strong team around them, and to never become complacent—EVER. He emphasized the changes in technology and how it is changing the world as we know it. He ended his session by restating his theme, “Never be complacent.” Luvvie Ajayi Jones, is a Nigerian born, Chicago-bred, internationally recognized speaker, author and thought T H E

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leader whose commentary on culture, authenticity, and disruption enabled transformative action for MLMS participants. The four-time New York Times bestseller reminded participants that being a good troublemaker is about honoring all elements of your authentic self. She shared her strategies around cultivating her own Black board of directors for the purpose of uplifting and advancing Black voices. Detavio Samuels emphasized the importance of creative storytelling and telling our stories as Black people. He reminded all in attendance that they work for some of the most powerful businesses in the world. Therefore, they must work hard to be the decisionmakers as the future of the Black community literally depends on it. ELC Board Chair Gale V. King, in her closing remarks, emphasized taking advantage of the moments and shared the following pieces of advice, “Be comfortable making a move even when the world is telling you your position doesn’t matter,” and “Do not work for an insecure boss for more than a week because an insecure person cannot help you.” In addition to the mainstage sessions, the breakout sessions were also timely and relevant. Sandra Altine, Vice President of Workforce Diversity and Inclusion at Meta, moderated “Blacks in Tech: How Meta Leaders Influence Our Products & Technology to Serve Communities of Color,” a panel discussion with Meta’s Dan Reed, Vice President, Reality Labs Business Group, Neil Potts, Vice President, Trust & Safety Policy, Judy Toland, Vice President, Global Audience Marketing, and Alvin Bowles, Vice President, Global Business Group. Rhea Norwood, Sr. Director, DIB Belonging & Enterprise Strategy at Capital One, served as moderator for a standing room only panel discussion entitled, “Empowered and Seen: Supporting Black Women in Corporate Spaces.” Guest speakers also included Sonia Williams, Sr. Vice President & GM TJX at Synchrony. For more information about MLMS, email institute@elcinfo.com.

CEO GameChanger Conference®

CEOs from Lowe’s, Ecolab and Synchrony along with a host of ELC members came together for the 22nd CEO GameChanger Conference®, a half day, closeddoor session to discuss best practices around diversity, equity and inclusion at the Gaylord National Resort and Convention Center in National Harbor, Maryland.

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ELC Member Closing Brunch

In a move of solidarity and unity, Gale asked members to join hands and solicited ELC member Derric Gregory to say a prayer. This very impactful and emotional moment embodied the essence of the 2023 ELC Recognition Gala theme. People who are United in Purpose (hand in hand) are Unstoppable Together!

The brunch afforded the ELC community an opportunity to connect and reflect upon an amazing Gala evening. ELC Board Chair Gale V. King urged those gathered to share their Gala experiences, and several members, including Laysha Ward, EVP and Chief External Engagement Officer at Target, offered their appreciation to the ELC staff and Gala Committee for the culmination of months of hard work, commenting that the program’s focus on the attack on DEI was one of the strongest in recent memory. ELC Founders Milton “Milt” Irvin, James “Jim” Kaiser, and Elynor Williams were also in attendance and shared that what they had witnessed far surpassed what they could have ever dreamed of some 37 years ago at the founding of The ELC.

For additional information on member programming or sponsorship opportunities, contact memberservices@elcinfo.com.

ELC President and CEO Mike Hyter hosted an intimate, light-hearted gathering of members, leadership and Board members, for The ELC Member Closing Brunch at the Gaylord National Resort and Convention Center on Friday morning after the Gala.

In his opening remarks, ELC CEO Michael C. Hyter shared that the aim this year, and every year, is to inform and encourage our partners toward improved outcomes for Black talent, which improves outcomes for businesses. This year’s conference focused on company-specific case studies, addressing the specific challenges CEOs faced and successes realized as they worked to elevate Black talent in their respective organizations. Case study topics included: Success Defined: Great Expectations; Leadership Accountability; and Cultivating Cross Boundary Connection. Speakers included: Marvin Ellison, President and CEO at Lowe’s, Janice Dupre, EVP, Human Resources at Lowe’s, Christophe Beck, Chairman and CEO at Ecolab, Gail Peterson, CMO and EVP Global Marketing and Communications at Ecolab, Brian Doubles, CEO at Synchrony, Curtis Howse, EVP and CEO, Home and Auto at Synchrony, ELC Board Chair Gale V. King, Independent Director at AutoZone, Brenda Lauderback, Chairman at Denny’s, and Herman Bulls, Vice Chairman, Americas at Jones Lang LaSalle. For more information about the CEO GameChanger Conference®, email memberservices@elcinfo.com.

ELC Recognition Gala

More than 2,500 guests, comprised of corporate CEOs, executives and up-and-coming business leaders from some of the largest global corporations, attended the 2023 ELC Recognition Gala at the Gaylord National Resort and Convention Center October 5, 2023.

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The theme of the evening was “Unstoppable Together: United in Purpose.” There were more than 130 companies on hand to celebrate Black excellence and the strides made by Black leaders in corporations during a star-studded event hosted by Kevin Frazier, co-host of Entertainment Tonight.

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The following companies and individuals were honored throughout the evening: n 2023 Achievement Award – Mellody Hobson, CoCEO, Ariel Investments n 2023 Alvaro L. Martins Heritage Award – Arlene Isaacs-Lowe, Independent Board Member and Corporate Executive n 2023 Corporate Award – Synchrony, accepted by Synchrony CEO Brian D. Doubles The ELC also issued a collective total of $1 million in Community Impact Grants across the following three organizations: n Joint Center for Political and Economic Studies n Legal Defense Fund n Russell Innovation Center for Entrepreneurs (RICE) The evening culminated with a performance by R&B sensation Boyz II Men. The group performed several of their all-time hits, including End of the Road, On Bended Knee, Water Runs Dry, and Motown Philly. If you missed it, you missed it!

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Q4 2023

B OA R D & CO M M I S S I O N A P P O I N T M E N T S

CAREER TRANSITIONS Justin Blount was named President and Chief Operating Officer of Alliance Laundry Systems.

Leonard Jones was named Executive Director of Municipal Banking and Head of Public Finance for Blaylock Van, LLC.

Carlos Brown was named President-of Dominion Energy Services & Executive Vice President, Chief Legal Officer, and Corporate Secretary.

Racquel Oden was named Head of US Wealth & Personal Bank for HSBC.

Law Burks was named President of IDEX Energy.

Todd Corley, Senior Vice President of Inclusion, Sustainability & Community at Carhartt, has joined the Snarky Elephant Productions Board.

Manon Laroche, former Head of Global Spread Products Securitized Sales, North America at Citigroup joins the Annaly Capital Board.

Lawrence M. Drake, II PhD, has joined the Truleive Georgia Board.

Kirk McDonald has joined Ziff Davis Board of Directors.

Kurt Small was named Medicaid President at Elevance Health.

Denise Russell Fleming joined the Parker-Hannifin Corporation Board.

Racquel Oden Incoming Head of the US Wealth & Personal Banking at HSBC has been named Chair of the Board for Thurgood Marshall College Fund.

Darrell Cambell was named Executive Vice President and Chief Financial Officer of Schneider National, Inc

Jeff Tate was named Chief Financial Officer of DOW Inc.

Ken Frazier has joined the Changemakers Advisory board for the Inaugural Class of CNBC Changemaker.

Michelleta Razon joins the Green Dot Board.

Dr. Melissa L. Gilliam was named the first Black woman to serve as President of Boston University.

Quonta Vance was named Executive Vice President, Pro and Home Services at Lowes.

Marc Howze has joined the Dover Board.

Rod West has joined the Essential Utilities Board.

Reggie Hedgebeth was named Chief Legal Officer at Enbridge.

Laysha Ward former Chief External Engagement Officer at Target has announced her retirement effective April 2024 after 32 years with the company.

Mohamed Kande, was selected as the next Global Chair of the PwC Network.

Tramayne Whitney was named Chief People Officer at Planet.

Marc Howze retires as Senior Advisor & GRP President from Deere & Co.

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M A J O R AWA R D S & R E C O G N I T I O N Shannon Brown, Retired Senior Vice President of Eastern Division U.S. Operations and Chief Diversity Officer, FedEx Express, will be honored with XCEL Awards and serve as a guest speaker during the Black Men XCEL Conference. Gregory E. Deavens, President and CEO of Independence Health Group, was recently awarded the Modern Healthcare’s 2023 Excellence in Governance Award. Deavens was also honored with the following awards: • CEO of the Year in the HR Department of the Year Awards • Corporate Advocate of the Year award from the African-American Chamber of Commerce of PA, NJ & DE • “Good Scout” Award from the Cradle of Liberty Council, Boy Scouts of America • Philadelphia Business Journal’s Most Admired CEOs • The Philadelphia Tribune’s Most Influential African Americans • Philadelphia magazine’s Most Influential Philadelphians • Metro Philadelphia’s Health Care Power Players.

IN MEMORIAM The ELC celebrates the lives of the following ELC members who transitioned in 2023.

Crystal E. Ashby, Executive Vice President, Chief People Officer, DEI, and Communications Officer at Independence Health Group was recognized as one of Philadelphia Business Journal’s 2023 Women of Influence.

MEDIA MENTIONS Joseph Bradley, speaker at The Global Boardroom Digital Conference. Carla Harris, Senior Client Advisory at Morgan Stanley, delivered keynote speech to the 2023 Bermuda Captive Conference. Karen Blackett, OBE, honored and represented as #1 on HERoes 100 List. Lorna Wisham, President of FirstEnergy Foundation, featured in a Savoy Magazine article on corporate investments in our communities.

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President, Mature Commercial Engines at Pratt & Whitney, and Chairman, International Aero Engines, a subsidiary of Pratt

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Thasunda Brown Duckett, President and CEO of TIAA, represented as #16 on The 100 Most Powerful Women in Business of 2023. Carla Harris, Senior Client Advisory at Morgan Stanley, speaker at Women Leaders in Sports Convention. Thasunda Duckett, President and CEO of TIAA, met with President Joe Biden to discuss the U.S. economy and labor market. Ken Chenault, met with President Joe Biden to discuss the U.S. economy and labor market. Singleton McAllister, has been named one of the Top Lobbyist & Influencers by Lawyers of Color. Herman Bulls, speaker at The Character of the Corporation. Crystal E. Ashby, Executive Vice President, Chief People Officer, DEI, and Communications Officer at Independence Health Group quoted in the book Women Mean Business: Over 500 Insights from Extraordinary Leaders to Spark Your Success.

Former Executive Vice President, Mobil Corporation’s Middle East Operating Division, and Founder, Granville Academy

Crystal E. Ashby, Executive Vice President, Chief People Officer, DEI, and Communications Officer at Independence Health Group authored an op-ed for Savoy magazine’s Summer 2023 issue about Independence Health Group’s commitment to health equity.

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Former Human Resources executive, RCA, Martin Marietta (Lockheed Martin), Amoco, Williams Companies

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2024 ELC Calendar of Events Winter Member Meeting March 6 - 8, 2024 | Las Vegas, Nevada

Honors Symposium October 1 - 4, 2024 | Washington, DC Mid-Level Managers’ Symposium October 2 - 3, 2024 | Washington, DC

Power of Women at Work April 2, 2024 | Virtual

CEO GameChanger Conference® October 3, 2024 | Washington, DC

Black Men in Leadership May 14, 2024 | Virtual

ELC Recognition Gala October 3, 2024 | Washington, DC

Corporate Board Navigator Cohort Launch (Summer Member Meeting ) June 4 - 5, 2024 | Washington, DC

ELC Member Closing Brunch October 4, 2024 | Washington, DC

Summer Member Meeting June 5 - 7, 2024 | Washington, DC

Black Directors' Summit December 5, 2024 | TBD

Leadership Development Week TBD | New Orleans, LA EmpowHER July 5, 2024 | New Orleans, LA C-Suite Academy July 29 - 31, 2024 | Atlanta, Georgia Leadership Development Week August 6 - 8, 2024 | Virtual August 13 - 15, 2024 | Virtual ELC Member Brunch at The Vineyard August 13, 2024 | Martha's Vineyard, MA Summer Executive Workshop: Black Economic Forum August 13 - 15, 2024 | Martha's Vineyard, MA

Download Our 2024 Sponsorship Opportunities To learn more about how to get involved, event details & more.

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