Despite the steady growth of the Hispanic population and an increasing number of Hispanic politicians and high-ranking executives, Hispanic representation in corporate boardrooms (an estimated 3 percent) remains poor, according to this year's Boardroom Elite list.
Each year, Hispanic Business magazine assembles its Boardroom Elite, a listing of Hispanics serving as directors of companies appearing in the Fortune 500. There were 79 Hispanic individuals on 107 seats – 9 more members than last year. In January 2006, there were 67 Hispanics serving as directors of 96 companies.
Hispanic women makeup 23 of this year's board seats. One of those women, Linda Alvarado, serves on more than one board. Ms. Alvarado is one of 18 Hispanics who serve on multiple boards. Others include Enrique Hernandez, Roland Hernandez, and Armando Codina.
A notable departure this year is Henry G. Cisneros, who resigned from Countrywide Financial's board in October. The former United States housing and urban development secretary's exit came at a time when the nation's largest mortgage lender is facing one of the biggest mortgage crisis to hit the United States in decades. Mr. Cisneros reportedly left the board to focus on CityView America, a homebuilder financing company he founded.
Still, some like Patricia Salas Pineda, who sat on Levi Strauss' board, are no longer on the list because their company dropped off the Fortune 500. The new additions include Cari Dominguez at Manpower Inc. and Juan Cento at Assurant.
The following list includes all Hispanics currently sitting on the boards of Fortune 500 companies and their companies. This is not an exhaustive list of all companies on whose boards they sit.
2008 BOARDROOM ELITE
Current: Chairman and CEO of Chiquita Brands since 2004
Boards: Chiquita Brands*
Jose Maria Alapont*
Current: Chariman, president, and CEO of Federal-Mogul Corp. since 2005
Board: Federal-Mogul Corp.
Current: Former federal official is founder and president of Aguila International, a business consulting firm
Board: CSX Corp.
Linda G. Alvarado
Current: Founder, president and CEO of Denver-based Alvarado Construction
Boards: 3M Co.
The Pepsi Bottling Group
Pitney Bowes Inc.
Current: Former head of the U.S. Small Business Administration
Board: Wal-Mart Stores Inc.
Current: President and COO of McDonald's Corp.
Mario L. Baeza
Current: Founder and controlling shareholder of Baeza & Co., and founder and executive chairman of V-Me Media Inc.
Board: Air Products and Chemicals
Abelardo E. Bru
Current: Retired vice-chairman of PepsiCo Inc., and former CEO of Frito-Lay North America
Office Depot Inc.
Paul A. Brunner
Current: President and CEO of Spring Capital Inc.
Board: Johnson Controls Inc.
Anna R. Cablik
Current: President of Marietta, Georgia-based Anasteel & Supply Co.
Board: BB&T Corp.
Pastora San Juan Cafferty
Current: Professor emerita at the University of Chicago
Board: Waste Management Inc.
Current: Law professor at University of New Mexico, and former secretary of the Army
Board: Southwest Airlines
Richard L. Carrion
Current: Chairman, president, and CEO of Popular Inc. and chairman and CEO of Banco Popular de Puerto Rico
Board: Verizon Communications
Gilbert F. Casellas
Current: Former chair of the U.S. EEOC is counsel for the law firm of Mintz Levin Cohn Ferris Glovsky & Popeo
Board: Prudential Inc. Co. of America
Kimberly A. Casiano
Current: President and COO of Puerto Rico's Casiano Communications
Board: Ford Motor Co.
Juan N. Cento
Current: President of the Latin American and Caribbean Division of FedEx Express
Board: Assurant Inc.
Current: President of the Center for Equal Opportunity
Board: Pilgrim's Pride Corp.
Armando M. Codina
Current: Founder, chairman, and CEO of real estate investment firm Codina Group
Boards: AMR Corp.
General Motors Corp.
The Home Depot
Merrill Lynch & Co. Inc.
Cristobal I. Conde*
Current: President and CEO of SunGard Data Systems Inc.
Board: SunGard Data Systems Inc.
France A. Cordova
Current: Named president of Purdue University in May
Board: Edison International
Juan Ernesto de Bedout
Current: Group president of Latin America Operations for Kimberly-Clark Corp.
Board: VF Corp.
Nelson A. Diaz
Current: Former judge now partner at Blank Rome LLP
Board: Exelon Corp.
Paul J. Diaz*
Current: President and CEO of Kindred Healthcare Inc.
Board: Kindred Healthcare Inc.
Patricia Diaz Dennis
Current: Senior vice-president and assistant general counsel at AT&T
Board: Massachusetts Mutual Life Insurance Co.
Current: Former chair of the U.S. EEOC joined Manpower board in May
Board: Manpower Inc.
Ruben M. Escobedo
Current: Owner of Ruben Escobedo & Co. CPAs
Board: Valero Energy Corp.
Manuel A. Fernandez
Current: Managing director of SI Ventures and chairman emeritus of Gartner Inc.
Black & Decker Corp.
Raul J. Fernandez
Current: Chairman and CEO of ObjectVideo Inc.
Board: Liz Claiborne
David I. Fuente
Current: Former Chairman and CEO of Office Depot
Boards: Office Depot Inc.
Ryder System Inc.
Current: President of Sterling Hispanic Capital Markets Group, a division of vFinance Investments Inc.
Board: Winn-Dixie Stores Inc.
Current: Professor of computer science and electrical engineering at Stanford University
Board: Oracle Corp.
Current: Senior vice-president, Latin America with Avon
Board: Molson Coors Brewing Co.
Enrique Hernandez Jr.
Current: Chairman, president, and CEO of Inter-Con Security Systems
Boards: McDonald's Corp.
Wells Fargo & Co.
Richard J. Hernandez
Current: Retired president of McKesson Corporate Solutions
Board: Radio Shack Corp.
Robert M. Hernandez
Current: Retired CFO of USX Corp.
Board: Eastman Chemical
Roland A. Hernandez
Current: Retired CEO and chairman of Telemundo
Boards: Lehman Brothers Holdings Inc.
The Ryland Group Inc.
Wal-Mart Stores Inc.
Current: President of East Harlem Business Capital Corp. and former attorney
Board: Consolidated Edison
Current: Senior vice-president for finance at PPG Industries
Board: Eastman Kodak Co.
Current: President and CEO of John S. and James L. Knight Foundation and former Miami Herald publisher
Board: PepsiCo Inc.
Current: CFO, divisional SVP, and CAO at Lam Research Corp.
Board: Micron Technology Inc.
Maria Elena Lagomasino
Current: CEO of Asset Management Advisors, an affiliate of SunTrust Banks Inc.
Board: Avon Products Inc.
Current: Partner at Houston-based law firm of Ogden, Gibson, Broocks and Longoria LLP
Board: Centerpoint Energy Inc.
Current: CFO at Taco Bell Corp.
Board: KB Home
Current: Publisher and CEO of Los Angeles-based La Opinion newspaper
Boards: Bank of America Corp.
Walt Disney Co.
Roman Martinez IV
Current: Former managing director of Lehman Brothers Inc.
Board: CIGNA Corp.
Vilma S. Martinez
Current: Partner at the law firm of Munger, Tolles & Olson LLP
Board: Anheuser-Busch Cos. Inc.
Burlington Northern Santa Fe
Eduardo R. Menasce
Current: Retired president of Enterprise Solutions Group of Verizon Communications
Pitney Bowes Inc.
Current: Chairman of Trinsum Group, which formed when Marakon and Integrated Finance Limited merged in 2007
Board: Western Union
Current: State CEO for the Atlantic Region of Wachovia Corp.
Board: Autonation Inc.
Benjamin F. Montoya
Current: CEO of SmartSystems Technologies and retired admiral
Board: Jacobs Engineering Group
Jorge P. Montoya
Current: Retired president of Proctor & Gamble's global snacks and beverages division
Boards: Gap Inc.
Current: CEO of the New America Alliance
Board: Washington Mutual Inc.
Albert F. Moreno
Current: Retired senior vice-president and general counsel of Levi Strauss & Co.
Board: Xcel Energy Inc.
Current: Former assistant Treasury secretary is principal of Munoz Investment Banking Group
Boards: Altria Group Inc.
Current: Executive vice-president and CFO of CSX and CSX Transportation
Board: Continental Airlines
Current: Former president of Suiza Dairy, a Puerto Rico dairy processor
Board: Dean Foods Company
Current: President of the Refrigerator Foods Group for ConAgra Foods Inc.
Board: Ryder System Inc.
Luis G. Nogales
Current: Managing partner of Nogales Investors LLC
Boards: Edison International
KB Home Inc.
Current: Founder, president, and CEO of Strategic Investment Group
Board: General Mills
The McGraw-Hill Companies Inc.
Current: Vice-chairman and lead outside director for M&T Bank Corp.
Board: M&T Bank Corp.
Antonio M. Perez*
Current: Chairman, president, and CEO of Eastman Kodak Co.
Board: Eastman Kodak Co.
Jorge M. Perez
Current: President of The Related Group of Florida
Board: Regions Financial
Current: Independent financial consultant with The Medallion Group LLC
Board: Reliant Energy
William D. Perez*
Current: President and CEO of Wm. Wrigley Jr. Company
Board: Wm. Wrigley Jr. Company
Current: Executive vice-president and CFO of Phelps Dodge Corp.
Board: Wellpoint Inc.
Jerry I. Porras
Current: Professor emeritus at Stanford University's Graduate School of Business
Board: State Farm Insurance Co.
J. Pedro Reinhard
Current: Former executive vice-president of Dow Chemical
Board: Colgate-Palmolive Company
J. Christopher Reyes
Current: Chairman of Reyes Holdings LLC, a privately held food and beverage distributor
Board: Allstate Insurance Co.
Current: President and CEO of Rubicon Enterprises LLC, a restaurant consulting firm
Board: Winn-Dixie Stores Inc.
Josue Robles, Jr.
Current: Executive vice-president and CFO of the United Services Automobile Association
Board: DTE Energy Co.
Current: Executive vice-president for legal and administrative affairs at Hunt Building Corp. in El Paso, Texas
Board: Oneok Inc.
Hector de J. Ruiz*
Current: Chairman and CEO of Advanced Micro Devices
Boards: Advanced Micro Devices
Eastman Kodak Company
Francesca Ruiz de Luzuriaga
Current: Independent business development consultant and former COO for Mattel Interactive
Board: OfficeMax Inc.
Current: Chairman of Premier American Bank in Miami, Florida
Boards: Advance Auto Parts Inc.
Progress Energy Inc.
J. Phillip Samper
Current: Founding partner of Gabriel Venture Partners LLC
Board: Interpublic Group of Cos. Inc.
Current: Executive vice-president, secretary, general counsel for McDonald's Corp.
Board: Aon Corp.
Current: Vice-president, international – Latin America and Asia, sales and marketing for Royal Caribbean International and Celebrity Cruises
Boards: Darden Restaurants
Publix Super Markets Inc.
Current: Retired president of BP Amoco Chemicals
Board: Northern Trust Corp.
Ann Marie Tallman
Current: Founder and partner of Tallman Homes LLC and former president of MALDEF
Board: J.C. Penny Company Inc.
Solomon D. "Sol" Trujillo
Current: CEO and director of Telstra Corp. Limited
Board: Target Corp.
Albert C. Zapanta
Current: President and CEO of the United States-Mexico Chamber of Commerce
Board: Tyson Foods Inc.
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