The Richest Black Woman In The World, Folorunsho Alakija

folo

VENTURES AFRICA/Africa’s Secret Millionaires – Move over, Oprah – there is a new richest black woman in the world. And she’s Nigerian.

Meet Folorunsho Alakija, a Nigerian billionaire oil tycoon, Fashion designer and philanthropist who is worth at least $3.3 billion- contrary to a recent Forbes Magazine ranking which pegs her net worth at only $600 million.

Alakija, 61, was born into a wealthy, polygamous Nigerian family. She started out her professional career in the mid 70s as a secretary at the now defunct International Merchant Bank of Nigeria, one of the country’s earliest investment banks. In the early 80s, Alakija quit her job and went on to study Fashion design in England, returning to Nigeria shortly afterwards to start Supreme Stitches, a premium Nigerian fashion label which catered exclusively to upscale clientele.

The business thrived, and Alakija quickly made a tidy fortune selling high-end Nigerian clothing to fashionable wives of military bigwigs and society women.

Read more FULL ARTICLE

Advertisements

Kenneth Chenault: CEO American Express

ken_chenault

Kenneth Irvine Chenault (born June 2, 1951) is an American business executive. He has been the CEO and Chairman of American Express since 2001.[1][2] He is the third African-American CEO of a Fortune 500 company.While CEO of American Express in 2007, Chenault earned a total compensation of $50,126,585.

Read more FULL ARTICLE

Loop Capitol CEO James Reynolds

Jim Reynolds - Bloomberg 2.24.12 Thumbnail 2

James Reynolds, Jr., CFA
Chairman and Chief Executive Officer

James Reynolds, Jr. is founder, Chairman and Chief Executive Officer of Loop Capital. Mr. Reynolds, along with Albert R. Grace, Jr., founded Loop Capital in 1997 with a simple motto as a guide: “To provide client service beyond expectations.” The motto still serves as the foundational driving force of the firm.

Mr. Reynolds currently oversees all aspects of Loop Capital, including investment banking, brokerage and financial advisory services.

Mr. Reynolds has worked in the financial services industry for more than 27 years. Early in his career, Mr. Reynolds established and headed the Midwest Municipal Bond Sales Desk at PaineWebber. Subsequently, Mr. Reynolds joined the Corporate and Institutional Client Group at Merrill Lynch where he managed the municipal sales team responsible for the distribution of all tax-exempt products to institutions in the Midwest. In 1997, Mr. Reynolds collaborated with Albert R. Grace, Jr. to form Loop Capital Markets, where he has led the firm to becoming the largest minority-owned financial services firm and one of the largest privately-held investment banks in the United States. Mr. Reynolds is a CFA charterholder and is a member of the CFA Institute.

Mr. Reynolds strongly believes that successful executives have a responsibility to give back to the community. He currently serves on the boards of buildOn, Chicago United, Skills for Chicagoland’s Future and The University of Chicago Medical Center. Additionally, Mr. Reynolds serves as Vice-Chair of the board for the Chicago Urban League and is a member of the Advisory Board of the Levy Institute/ Kellogg School of Management at Northwestern University. Previously, he was appointed by the Governor to sit on the board of the Illinois Economic Recovery Commission in 2009, and was appointed to serve on the boards of World Business Chicago and the Illinois Sports Facilities Authority by the Mayor in 2011.

Mr. Reynolds holds a Masters of Management in Finance from Northwestern University’s Kellogg Graduate School of Management and a Bachelor of Arts in Political Science from the University of Wisconsin, La Crosse. He holds series 7, 24, 53 and 63 licenses.

Loop Capital’s latest transaction highlights

Loop Capital Serves as Co-Manager on Wal-Mart’s $5 billion Senior Debt Offering / April 4th, 2013

Wal-Mart, the world’s largest retailer, hit the market with a $5 billion four-part offering that included $1 billion of 3-year, $1.25 billion of 5-year, $1.75 billion of 10-year and $1.0 billion of 30-year senior notes.

Loop Capital Serves as Co-Manager on Everglades Re’s $250 million Class A Principal-at-Risk Variable Rate Notes
March 25th, 2013

Everglades Re, a licensed special purpose insurer, followed up on its inaugural hurricane catastrophe bond offering last year, a $750 million 2-year offering – the largest single tranche CAT bond ever done − by issuing another $250 million of CAT bonds to further enhance and reinsure its surplus.

Loop Capital Serves as Co-Manager on PepsiCo’s $2.5 billion Senior Debt Offering

February 25th, 2013

PepsiCo Inc. hit the market with a three-part offering that included $625 million each 3-year fixed and floating rate notes and $1.25 billion of 10-year fixed-rate notes.

Loop Capital Serves as Co-Manager on Zoetis $2.6 billion Initial Public Offering

January 31st, 2013

Pfizer’s former animal health subsidiary, Zoetis, raised $2.6 billion in its initial public offering on January 31, 2013, becoming the largest IPO by a U.S. company since Facebook in May 2012, and the largest carve-out to list on a U.S. exchange in over five years.

Verizon Wireless Announces Sale of Spectrum for $2.1 billion

January 25th, 2013

On January 25, 2013, Verizon Wireless announced that it had signed agreements to complete a number of spectrum license transactions, including sales of licenses to AT&T and Grain Management, a Sarasota, Florida-based private equity firm that invests in the telecommunications sector.

Loop Capital Serves as Senior Manager on $126.2 million offering by the Triborough Bridge and Tunnel Authority

November 23rd, 2012

Loop Capital Markets successfully priced and sold $126,230,000 of The Triborough Bridge and Tunnel Authority’s (“TBTA” or the “Authority”) General Revenue Bonds on November 5-6, 2012, despite the widespread property damage and unprecedented interruption to financial market operations caused by Hurricane Sandy during the prior week.

Loop Capital Serves as Co-Manager on Wal-Mart’s $5 billion Senior Debt Offering
April 4th, 2013

Wal-Mart, the world’s largest retailer, hit the market with a $5 billion four-part offering that included $1 billion of 3-year, $1.25 billion of 5-year, $1.75 billion of 10-year and $1.0 billion of 30-year senior notes.

Loop Capital Serves as Co-Manager on Everglades Re’s $250 million Class A Principal-at-Risk Variable Rate Notes

March 25th, 2013

Everglades Re, a licensed special purpose insurer, followed up on its inaugural hurricane catastrophe bond offering last year, a $750 million 2-year offering – the largest single tranche CAT bond ever done − by issuing another $250 million of CAT bonds to further enhance and reinsure its surplus.

Loop Capital Serves as Co-Manager on PepsiCo’s $2.5 billion Senior Debt Offering

February 25th, 2013

PepsiCo Inc. hit the market with a three-part offering that included $625 million each 3-year fixed and floating rate notes and $1.25 billion of 10-year fixed-rate notes.
Loop Capital Serves as Co-Manager on Zoetis $2.6 billion Initial Public Offering

January 31st, 2013

Pfizer’s former animal health subsidiary, Zoetis, raised $2.6 billion in its initial public offering on January 31, 2013, becoming the largest IPO by a U.S. company since Facebook in May 2012, and the largest carve-out to list on a U.S. exchange in over five years.

Verizon Wireless Announces Sale of Spectrum for $2.1 billion
January 25th, 2013

On January 25, 2013, Verizon Wireless announced that it had signed agreements to complete a number of spectrum license transactions, including sales of licenses to AT&T and Grain Management, a Sarasota, Florida-based private equity firm that invests in the telecommunications sector.

Loop Capital Serves as Senior Manager on $126.2 million offering by the Triborough Bridge and Tunnel Authority

November 23rd, 2012

Loop Capital Markets successfully priced and sold $126,230,000 of The Triborough Bridge and Tunnel Authority’s (“TBTA” or the “Authority”) General Revenue Bonds on November 5-6, 2012, despite the widespread property damage and unprecedented interruption to financial market operations caused by Hurricane Sandy during the prior week.

Read more Loop Capitol

ACT-1 Group

janice-howroyd

ACT-1 Group

Companies with staffing, human resources or business concerns turn to Janice Bryant Howroyd for her expertise, and she has built a firm with nearly $1 billion in annual revenue. The North Carolina A&T University graduate founded ACT-1, headquartered in Torrance, Calif., in 1978, and is CEO of what is now the nation’s largest woman- and minority-owned employment-services company. Howroyd is the author of The Art of Work: How to Make Work, Work for You!

Black Girls Code

blackgirlscode4

This workshop will focus on mobile app development with Android AppInventor and feature exciting “tech chats” from inspiring women mobile innovators.

AppInventor is a fun and simple tool that allows our young code divas to create their own mobile apps using drag-and-drop the programming blocks similar to a puzzle to make the user interface and program. It’s that easy. You can learn how to write music apps, apps that tell your fortune, and more. Never wonder again if there’s an app for that, because you’ll be able to create your own!

No prior programming experience is required for this class. All BGC events are geared towards introducing participants to the technological universe and encouraging them to pursue careers as Tech Creators and Entrepreneurs. This ciass intended for girls ages 10-17.

Visit the Website: Black Girls Code

Kase Lawal: Not your average oil baron

kase lewel

(CNN) — Nigerian-born entrepreneur Kase Lawal is the epitome of the American dream. Arriving to the US a young, idealistic student, Lawal has carved a name for himself in one of the most competitive industries in the world: Oil.

Now head of a multi-billion dollar empire, his Houston-based company, CAMAC, is one of the largest black-owned businesses in the U.S., generating over $2 billion dollars a year.

Founded nearly 25 years ago, Lawal built CAMAC (which stands for Cameroon-American) from a small agriculture business into a global oil company. But it’s taken a lot of hard work, determination and guts to get him to the top.

Born and raised in Ibadan, Nigeria in 1954, Lawal became interested in America and its civil rights movement during his teens. After finally persuading his father, a local politician, to send him to university in America, Lawal headed to Georgia and then Houston, where he attended the Texas Southern University.

After graduating with a Bachelor of Science in chemical engineering in 1976, Lawal, like many of his classmates, started out as a graduate in the energy industry. First as a chemist for Dresser Industries (now Halliburton) and then as a chemical engineer with Shell Oil Refining Co.

During this time he met his wife, Eileen through a mutual friend and had his three children.

Now married and settled, it wasn’t long before the innovative young Nigerian started to implement his business ideas.

In 1986 he established CAMAC, a company trading agricultural commodities such as sugar, tobacco and rice. In the early 90s he made the leap into the energy sector after the Nigerian government started to develop its energy market.

With his knowledge of Nigeria and his Houston address, Lawal was ideally positioned to attract major oil companies. In 1991 CAMAC made a deal with the oil giant Conoco, agreeing to jointly operate and share production from any Nigerian discoveries.

This turned out to be Lawal’s big break.

With his political contacts, local market knowledge and now with the backing of a major oil firm, Lawal’s Houston-based company became an instant player in the energy industry.

As Lawal told CNN: “That partnership I believe was the cornerstone of the CAMAC that you know today. Subsequently with that credibility and the advantage of partnering with Conoco, we were also able to partner with BP and also with Statoil of Norway and currently we have made a partnership with Eni, the largest Italian company, which is one of the top five oil companies in the world.”

Now CAMAC has offices in London, Johannesburg, Lagos and Port Harcourt, Nigeria and is involved in oil exploration, refining and trading.

He was awarded the USAfrica Business Person of the Year in 1997 and in 2002 CAMAC was named the largest African-American owned company on the Black Enterprise 100s list.

Read more FULL ARTICLE

Marc Allen is senior vice president of The Boeing Company

allen

Marc Allen is senior vice president of The Boeing Company and president of Boeing International. He is a member of Boeing’s Executive Council.

As president of Boeing International, Allen, 42, is responsible for the company’s international strategy and operations, and oversees 17 regional corporate headquarters in key markets around the world. Reporting to the chairman and CEO, Allen leads development of the company’s growth and productivity initiatives outside the U.S. and new business and industrial partnerships. His responsibilities also include overseeing international affairs, enhancing local presence and providing global functional support. Allen was appointed to the role in 2015.

Previously, Allen served as president of Boeing Capital Corporation, a wholly owned Boeing subsidiary that arranges, structures and provides financing for Boeing’s commercial airplane, space and defense products.

Prior to Boeing Capital, Allen served as vice president, of Boeing International and president of Boeing China, responsible for leading the company’s business in China from its Beijing headquarters. Leading Boeing China, Allen oversaw the company’s largest market outside the U.S. as its annual delivery pace doubled.

Before that, Allen served as Boeing’s vice president for Global Law Affairs and general counsel to Boeing International, leading the company’s international legal practice group from its inception, with responsibilities for Boeing’s international operations’ legal issues, cross-border trade regulation matters, and international legal policy matters including the U.S.-EC WTO dispute on aircraft subsidies.

Prior to joining Boeing, Allen practiced law with the Washington, D.C.-based law firm Kellogg Huber, litigating complex commercial cases for domestic and international clients.

Previous government service includes an appointment as U.S. Supreme Court Justice Anthony M. Kennedy’s law clerk.

A Southern California native, Allen received his bachelor’s degree summa cum laude from Princeton University, majoring in political science with a certificate in economics, and received his law degree from Yale Law School.

Allen is married and has four children.

Read more FULL BIO

Rosalind Brewer president and CEO of Sam’s Club

rosalind brewer

Rosalind Brewer is president and CEO of Sam’s Club, a members-only warehouse club channel with revenues of $58 billion for fiscal year 2015, 110,000 associates and 649 clubs. Roz joined Sam’s Club, a division of Wal-Mart Stores, Inc. (Walmart), in 2012.

She has implemented a growth strategy focused on technology and innovation, exciting and local merchandise and an expanded footprint, accelerating the growth of new clubs.

Roz is a strong advocate for Sam’s Club’s many small business members and is also focused on e-commerce growth, giving members the convenience of shopping anywhere, anytime.

Roz joined Walmart in 2006 as regional vice president, overseeing operations in Georgia. She later became division president of the Southeast, and then president of Walmart East.

Throughout her career, Roz has served as a high-impact strategist with experience spanning global manufacturing operations, research and development, marketing and strategic business unit leadership. She has focused relentlessly on revenue growth and customer satisfaction and has extensive expertise in turn-around assignments. Roz is also known for building strong teams, inspiring mentoring networks and having a passion for improving communities.

Before joining Walmart, she worked for Kimberly-Clark Corp. for 22 years, starting as a scientist and eventually becoming president of the Global Nonwovens Sector in 2004. Roz earned a bachelor’s degree in chemistry from Spelman College. She attended the Advanced Management Program at The Wharton School and the Director’s College at the University of Chicago School of Business/Stanford School of Law.

She serves on the board of directors for Lockheed Martin Corporation (NYSE:LMT), and because of her commitment to education, she is chair of the board of trustees for her alma mater, Spelman College.

Read more FULL RESUME

James A. Bell former Chief Financial Officer for The Boeing Company

Portrait: Mr. James Bell

JAMES BELL

James A. Bell recently retired from The Boeing Company, where he had served as chief financial officer, executive vice president and corporate president.

As CFO, Bell had responsibility for two key Boeing businesses, Boeing Capital Corporation and Boeing Shared Services. Prior to being named CFO in 2003, Bell held the position of senior vice president of finance, corporate controller, vice president of contracts and pricing for Boeing Space and Communications, and director of business management of the Space Station Electric Power System at the Boeing Rocketdyne unit.

Bell began his career with Rockwell and attended California State University at Los Angeles where he earned a bachelor’s degree in Accounting.

Blog at WordPress.com.

Up ↑