Rosalind Brewer is Named New President, COO of Starbucks

Rosalind Brewer (photo via thegrio.com)

via thegrio.com

Rosalind Brewer, the former president and CEO of Sam’s Club, was announced as the new head of Starbucks on Wednesday and will continue to serve on the board of directors. “Starbucks is a culture-first company focused on performance and Roz is a world class operator and executive who embodies the values of Starbucks,” Kevin Johnson, Starbucks’ president and COO, said in a statement.

Johnson added that Brewer has been a “trusted strategic counselor” ever since she joined the board of directors in January. “Ms. Brewer has a wealth of experience in retailing, consumers and [consumer packaged goods] markets,” Neil Saunders, managing director of GlobalData, told CNBC via email. “She is also used to running large, complex organization with a global focus.”

The move comes as Starbucks is experiencing lower retail sales than usual, a problem that Brewer will have to face during her tenure. “[Brewer] was instrumental in making changes at Sam’s Club to bring the retailer more in line with trends around health and wellness,” Saunders said. “She also did a lot in terms of e-commerce and multichannel, and this experience will be valuable for Starbucks.”

Source: Starbucks names Rosalind Brewer as new President, COO | theGrio

Sam’s Club CEO Rosalind Brewer Announces $13.6 Million Commitment to Women and Minority Business Owners

Sam's Club CEO Rosalind Brewer  (Photo via news.walmart.com)

Sam’s Club and the Sam’s Club Giving Program recently announced the Small Business Economic Mobility Initiative, a five-year, multimillion-dollar philanthropic investment in small business growth through increased access to affordable capital and better borrower education. The first round of grants totaling $13.6 million went to eight national nonprofit organizations that provide access to capital and education to underserved U.S. small businesses including women, minorities and veterans. The announcement was made in celebration of National Small Business Week (May 4-8).

”Our founder Sam Walton started Sam’s Club to help small businesses get access to big business savings, save money and grow their businesses as a result,” Rosalind Brewer, president and CEO of Sam’s Club, said in a released statement. “Through this philanthropic investment, our founders’ legacy is carried forward by fortifying our communities’ lending resources to increase access to capital and borrower education for small business owners. In collaboration with dedicated nonprofits, we are proud to open doors for small business and strengthen the backbone of the U.S. economy.”

Through 2019, Sam’s Club’s Small Business Economic Mobility initiative aims to enable nonprofit Community Development Financial Institutions to make 5,000 loans to underserved small businesses with focus on women, minority and veteran-owned businesses with fewer than 20 employees; unlock $100 million in new capital from non-bank, community lending resources to low- and moderate-income small business owners; support 28,000 jobs in the small business community; and, reach one million underserved small business owners with education on responsible lending and better borrower practices.

Sam’s Club launched the philanthropic initiative to respond to the national struggle for small business owners in low-to-moderate income communities to attain affordable loans and navigate the lending process. By bringing together expertise, business initiatives such as the recently announced Business Lending Center and philanthropic investments, Sam’s Club and Sam’s Club Giving Program are uniquely positioned to help small business owners access affordable capital.

Across the country, small businesses and entrepreneurs report that access to capital is a major barrier to growth. According to The State of Small Business Lending report published by Harvard Business School fellow and former SBA Administrator Karen Mills, the share of small business loans provided by banks 20 years ago was about 50%, compared to only 30% in 2012. Specifically, minority owned businesses typically encounter higher borrowing costs, receive smaller loans and see their loan applications rejected more often by banks, according to a Minority Entrepreneurship Report published by UC-Berkeley and Wayne State University.

article by Carolyn M. Brown via blackenterprise.com

 

Political Strategist Donna Brazile to Deliver Spelman College Commencement Address on May 17

Political activist Donna Brazile  (Photo: LOUIE FAVORITE)

Political activist Donna Brazile (Photo: LOUIE FAVORITE/ajc.com)

Donna Brazile, an academic, author, syndicated columnist, television political commentator, and political strategist, has been named Commencement speaker for the Spelman College Class of 2015. Brazile, who will receive an honorary degree, will address more than 475 graduates on Sunday, May 17, 2015, at 3 p.m. at the Georgia International Convention Center.

“Donna Brazile has been a trailblazer in the political arena and a staunch advocate for human and civil rights,” said President Beverly Daniel Tatum. “We are pleased she will have an opportunity to impart words of wisdom to Spelman graduates as they begin the next phase of life’s journey, and join the ranks of Spelman alumnae who have made a choice to change the world.”

With a lifelong passion for political progress, Brazile had worked with a candidate every presidential campaign from 1976 through 2000, when she became the first African American to manage a presidential campaign. Today, Brazile is founder and managing director of Brazile & Associates LLC, a general consulting, grassroots advocacy, and training firm based in Washington, D.C. She is also the vice chair of voter registration and participation at the Democratic National Committee and former interim national chair of the political organization.

Author of the best-selling memoir “Cooking with Grease: Stirring the Pots in American Politics,” Brazile is an adjunct professor at Georgetown University, a syndicated newspaper columnist for Universal Uclick, a columnist for Ms. Magazine, and O, The Oprah Magazine, and an on-air contributor to CNN and ABC, where she regularly appears on “This Week.” Continue reading

Xerox’s Ursula Burns, Shonda Rhimes Among ‘Fortune’s 50 Most Powerful Women In Business

Sam's Club CEO Rosalind Brewer

Sam’s Club CEO Rosalind Brewer

Fortune‘s list of the 50 most powerful women in business includes a few women of color, among them Ursula Burns, CEO of Xerox at number 13; Rosalind Brewer, the CEO and president of Sam’s Club, a Wal-Mart company, at number 15; and Shonda Rhimes “Scandal” and Grey’s Anatomy” executive producer at number 50.

The list notes that Burns’ Xerox makes more than half of its $22 billion in revenue from business services other than copying. Madame Noire spoke with Burns, the first African-American woman to lead a Fortune 500 company, this summer before she received the Prism Award for Graphic Communications Management and Technology. “At all levels of leadership, we’re starting to see more and more women and African-American males. We’re just at the start. It’s evolutionary, not revolutionary,” she told us.

Brewer is head of a $56.4 billion company, one of three companies in the Wal-Mart behemoth. Not only is she driving up the numbers for Sam’s Club, which would be a Fortune 500 company on its own, she’s also a board member for Lockheed Martin, a company that also appears on this list of powerful women a couple of times. (Marillyn Hewson, the defense contractor’s CEO and president, is number four on the list.)

TV Powerhouse Shonda Rhimes

TV Powerhouse Shonda Rhimes

And of course we know who Shonda Rhimes is. One of the few women in the entertainment business to appear on the list, Rhimes is also among the youngest at 43 years old. (Marissa Mayer, 38, Yahoo’s CEO at number eight and Marianne Lake, JPMorgan’s 44-year-old CFO at number 49, are a couple of the others.) Not only are Rhimes’ shows – Scandal and Grey’s Anatomy — generating dollars for Disney’s ABC network, Fortune cites her impact on pop culture. In a related story, Rhimes says that the secret sauce for a show like Scandal is hard work. “You’re forced to innovate. There’s no resting on laurels,” she says.

Total aside, but when a fan asked whether Mellie will be given a love interest so that Fitz can see how he would react “to the table being turned,” Rhimes says, “Fitz is Mellie’s love interest.” Gah!

Number one on the list is IBM’s chairman, president and CEO Ginny Rometty who’s been leading the century-old computer company for two years.

article by Tonya Garcia via madamenoire.com