Priscilla Almodovar was named CEO of Fannie Mae last week — just the third time a Latina has been appointed to lead a Fortune 500 company. Hispanic people are the least represented demographic in boardrooms.
The big picture
This year, 35% of Fortune 1000 company boards have at least one Latino or Latina, up from 13% in 2011.Overall, only 4% of Fortune 1000 board seats were held by Latinos in 2022.“This signals a real blind spot for corporate America,” Monique Navarro, LCDA associate vice president, tells Axios Latino. “Both in terms of the strong candidate pool and the business case,” since “it’s Latinos who are driving growth in every consumer market segment and adding growth to the workforce.
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