Ozzie Gromada Meza Takes The Helm at LCDA: A New Era of Diversity in Corporate Leadership
In a momentous announcement, the Latino Corporate Directors Association (LCDA) and its foundation, the Latino Corporate Directors Education Foundation (LCDEF), have welcomed Ozzie Gromada Meza as their new President and CEO, marking the beginning of a transformative era for the organization. Ozzie officially stepped into his role on October 6, 2023, and his appointment brings with it a wealth of experience, a commitment to diversity and inclusion, and a vision to shatter barriers that have long obstructed Latinx representation in corporate boardrooms across the nation.
Under Ozzie's leadership, LCDA is poised to reach unprecedented heights and create a lasting impact in the world of corporate governance. Elizabeth Oliver-Farrow, LCDA Board Chair, expressed the organization's enthusiasm, stating, "We are excited about his selection, and under Ozzie's leadership, LCDA is ready to impact and catalyze change in corporate boardrooms and the C-Suite." She extended heartfelt gratitude to LCDA's Members and Partners, acknowledging their unwavering support in the pursuit of diversifying corporate leadership.
LCDA, a nonprofit organization established in 2013, has been a vanguard in advocating for increased Latinx representation on corporate boards. Over the years, it has forged fruitful collaborations with key stakeholders, including Corporate Boards, Search Firms, Private Equity, Institutional Investors, and Pension Funds, to champion diversity and inclusivity in corporate leadership.
In his inaugural address, Ozzie emphasized the vital importance of LCDA's mission, asserting, "Alongside an exceptional Board and dynamic team, I'm honored to lead LCDA as we advance in breaking more barriers than ever before." He further emphasized the urgency of their mission, highlighting data from the 2023 Latino Board Monitor, which revealed that a staggering 60% of Fortune 1000 companies lack Latinx representation on their corporate boards. This statistic serves as a clarion call, demanding collective attention and action.
LCDA is unwavering in its commitment to address this stark imbalance. With Ozzie at the helm, the organization is poised to make significant strides in diversifying corporate leadership. LCDA's mission is to develop, support, and increase the number of Hispanics/Latinx on corporate boards, and its strategic approach centers around three pillars: growing demand, growing supply, and raising awareness.
One key facet of LCDA's mission is to grow the demand for Latinx representation on corporate boards. The organization serves as an advocate and resource to corporate boards, search firms, private equity, and institutional investors, facilitating access to exceptional Hispanic/Latinx board talent. Ozzie's extensive experience in corporate governance and search will undoubtedly be instrumental in forging these connections and creating opportunities for talented individuals.
The second pillar of LCDA's strategy focuses on growing the supply of high-caliber boardroom candidates. By nurturing and developing a pipeline of aspiring directors, LCDA ensures that a diverse pool of talent is readily available to meet the growing demand for Latinx representation. Through initiatives and partnerships, LCDA aims to provide aspiring directors with the skills, knowledge, and networking opportunities necessary to excel in the boardroom.
The third pillar involves raising awareness about the importance of diversity and inclusion in corporate leadership. LCDA is committed to shining a spotlight on the benefits of diverse boards, not just for Latinx individuals but for the overall success and innovation of companies. By highlighting the compelling business case for diversity, LCDA hopes to inspire more organizations to take proactive steps toward greater inclusivity.
As Ozzie Gromada Meza takes the reins at LCDA, the organization stands on the precipice of an exciting and transformative journey. With a clear vision, a dedication to diversity, and a commitment to breaking barriers, LCDA is well-positioned to drive meaningful change in corporate boardrooms nationwide. The organization's tireless efforts, supported by Ozzie's leadership, will undoubtedly leave an indelible mark on the landscape of corporate governance, ushering in a new era of inclusivity, innovation, and progress.
Let's embrace the profound vision set forth by LCDA and its foundation, LCDEF, guided by the remarkable Ozzie Gromada Meza. They stand at the forefront of a revolution, one that champions diversity, inclusion, and equity within corporate boardrooms. Together, hand in hand, let us dismantle barriers and ensure that the Latinx community's vibrant tapestry is brilliantly woven into the fabric of corporate leadership, lighting the way to a brighter and more inclusive future for all.