News Column

Hispanic Presence on Corporate Boards Decreases

Jan 29 2001 3:06PM

January/February 2001 - A total of 57 prominent Hispanics serve on the boards of directors at 67 Fortune 1000 corporations, according to the 2001 Boardroom Elite directory. Those 57 individuals hold a total of 75 board seats, down from 96 last year.

A review of the last four years tells a story of gradually falling fortunes for Hispanics at the apex of corporate power. Consolidation accounts for much of the decline. Mergers in the banking, energy, and telecommunications industries have reduced the number of available seats in three sectors open to a Hispanic board presence.

Only one person among the 2001 Boardroom Elite maintains a seat on four separate boards Miami-based real estate developer Armando Codina. Five others attorney Vilma Martinez, contractor Linda Alvarado, broadcaster Luis Nogales, economist Katherine Ortega, and high-tech executive Sol Trujillo sit on three boards each. But erosion has hurt even these power brokers; both Mr. Nogales and Ms. Alvarado have dropped their membership on one board during the last year.

All Boardroom Elite members must be U.S. citizens of Hispanic descent who sit on the board of directors at a Fortune 1000 company headquartered in the 50 states or the District of Columbia. City designations on the list indicate the location of corporate headquarters, not the home of the director.

Directory research by Research Associate Joaquin Rodriguez.

Francis J. Aguilar
Bowater Inc.
Greenville, SC

Joe Alcantar
Texas Utilities Co. (TXU Electric & Gas)
Dallas, TX

Linda G. Alvarado
Engelhard Corp.
Iselin, NJ
Pitney Bowes Inc.
Stamford, CT
Denver, CO

Donna M. Alvarado
Harnischfeger Industries Inc.
St. Francis, WI

Magdalena Averhoff
Columbia/HCA Healthcare Corp.
Nashville, TN

Jose E. Blanco Sr.
Bergen Brunswig Corp.
Orange, CA

Paul A. Brunner
Johnson Controls Inc.
Milwaukee, WI

Pastora San Juan Cafferty
Waste Management Inc.
Houston, TX
People's Energy
Chicago, IL

Carlos H. Cantu*
ServiceMaster Co.
Downers Grove, IL
First Tennessee National Corp.
Memphis, TN

Richard L. Carrion
Verizon Communications
New York, NY

Raul E. Cesan
New York Times
New York, NY

Armando M. Codina
Cingular Wireless
(FormerlyBellSouth Corp.)

Atlanta, GA
Winn-Dixie Stores Inc.
Jacksonville, FL
AMR Corp.
(American Airlines)

Fort Worth, TX
FPL Group Inc.
Juno Beach, FL

Gaston Comas
HBO Latin America Group
Miami, FL

William S. Davila
Hormel Foods Corp.
Austin, MN
Wells Fargo & Co.
San Francisco, CA

Patricia Diaz Dennis
Massachusetts Mutual Life Insurance Co.
Springfield, MA

Peter J. Dolara
SunTrust Bank, Miami, N.A.
Miami, FL

Irma B. Elder
Lear Seating Corp.
Southfield, MI

Ruben M. Escobedo
Valero Energy Corp.
San Antonio, TX

Alfonso Fanjul
Pennzoil-Quaker State
Houston, TX

Manuel A. Fernandez
Brunswick Corp.
Lake Forest, IL

David I. Fuente*
Office Depot Inc.
Delray Beach, FL

Thomas Fuentes
Fleetwood Enterprises
Riverside, CA

Herman E. Gallegos
SBC Communications Inc.
San Antonio, TX

J.E. "Gene" Gallegos
Northwestern Mutual Life Insurance Co.
Milwaukee, WI

Fernando R. Gamucia
Albertson's Inc.
Boise, ID

Jorge Gonzalez
HBO Latin America Group
Miami, FL

Antonia Hernandez
Golden West Financial Corp.
Oakland, CA

Diego Hernandez
Tribune Co.
Chicago, IL

Roland A. Hernandez
Wal-Mart Stores Inc.
Bentonville, AR

Enrique Hernandez Jr.
McDonald's Corp.
Oak Brook, IL
Nordstrom Inc.
Seattle, WA

Manuel J. Iraola*
Phelps Dodge Corp.
Phoenix, AZ

Monica Lozano
Walt Disney Co.
Burbank, CA

Antonio Madero
Southfield, MI

Vilma S. Martinez
Anheuser-Busch Cos. Inc.
St. Louis, MO
Fluor Corp.
Irvine, CA
Burlington Northern Santa Fe
Fort Worth, TX

Henrique De Campos Melrelles
Raytheon Co.
Lexington, MA

Jorge P. Montoya
Rohm & Haas
Philadelphia, PA

Regina T. Montoya
SLM Holding Corp.
(Sally Mae)

Reston, VA

J. Fernando Niebla
Pacific Life Insurance Co.
Newport Beach, CA

Luis G. Nogales
Adolph Coors Brewing Co.
Golden, CO
Kaufman & Broad Home Corp.
Los Angeles, CA
Southern California Edison Corp.
Rosemead, CA

Ralph R. Ocampo, M.D.
Sempra Energy
San Diego, CA

Katherine D. Ortega
Ultramar Diamond Shamrock Corp.
San Antonio, TX
Ralston Purina Co.
St. Louis, MO
Kroger Co.
Cincinnati, OH

Ramiro Ortiz*
SunTrust Bank, Miami, N.A.
Miami, FL

Laree Perez
Houston Industries (Reliant Energy)
Houston, TX

Ernesto Ramon
Suntrust Bank, Miami, N.A.
Miami, FL

Delia Reyes
Texas Utilities Co.
Dallas, TX

Beatriz Rivera
Albertson's Inc.
Boise, ID

Rodolfo Ruiz
Suntrust Bank, Miami, N.A.
Miami, FL

J. Phillip Samper
Interpublic Group of Cos. Inc.
New York, NY

A.R. "Tony" Sanchez Jr.
Houston, TX

Christina Seix
Federal Home Loan Mortgage
(Freddie Mac)

McLean, VA

Enrique J. Sosa
FMC Corp.
Chicago, IL

Raul R. Tapia
Advantica Inc.
Spartanburg, SC

Solomon D. "Sol" Trujillo*
Bank of America
Charlotte, NC
PepsiCo Inc.
Purchase, NY
Target Corp.
Minneapolis, MN

Gonzalo F. Valdes-Fauli
Knight Ridder Inc.
San Jose, CA

Arthur R. Velasquez
People's Energy
Dallas, TX

Jose Villarreal
Wal-Mart Stores Inc.
Bentonville, AR
Fannie Mae
Washington, DC

Edward Zapanta
Southern California Edison Corp.
Rosemead, CA

*Inside Director

2001 Hispanic Business Inc. Copying, reprinting, or transmitting all or part of this information requires written permission.

Source: Hispanic Business magazine

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