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Thursday 26 May 2016 9:30 am

Coca-Cola chief executive tops international black, Asian, and minority ethnic executive power list

By: Billy Bambrough

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The boss of The Coca-Cola Company, Muhtar Kent, has topped a list of Black, Asian and minority ethnic (BAME) bosses from around the US, UK and Ireland.

The ranking, put together by executive search firm Audeliss, placed Manjit Wolstenholme, chair of Provident Financial second and Albert Cheng, chief operations officer at Amazon Studios in third.

Its release follows a similar one from the House of Lords last month. 

Read more: There is a smart case for diversity – but it’s not the one favoured by the trendy liberal elite

The 100-strong list is part of a wider campaign from Audeliss to highlight BAME business leaders.

Kent said:

I am pleased and honoured to work alongside people of character from many nations and people groups. To me, our headquarters looks like a miniature united nations and we're a much stronger business because of the contributions of all kinds of people from all across the world.

The top ten

Rank Name                           Company                               Job Title Country
1 Muhtar Kent The Coca-Cola Company Chairman and chief executive UK
2 Manjit Wolstenholme Provident Financial Chairman UK
3 Albert Cheng Amazon Studios Chief operating officer US
4 Tunji Akintokun Cisco Director – global virtual sales UK
5 Ruby McGregor Mitie Group Chief executive UK
6 Minouche Shafik The Bank of England Deputy governor of markets and banking   UK
7 Ajay Banga Mastercard President and chief executive US
8 Stacy Brown-Philpot   TaskRabbit Chief executive US
9 Karen Blackett MediaCom Chairwoman UK
10 William Kornegay Hilton Worldwide Senior VP – supply management US

Research out today from Audeliss has shown 70 per cent of the UK population are more likely to buy products from, or use the services of, a company which they consider to be inclusive of all minorities and diverse in its approach to employment.

And 86 per cent of the UK population say it’s important for people at the very top of organisations to promote messages of diversity and inclusion.

Suki Sandhu, Audeliss chief executive, said:

There is a diversity deficit at the very top of organisations in both the UK and the US. We whole-heartedly believe that making diverse role models visible and celebrating them is the most powerful way to address this as you are demonstrating to the leaders of tomorrow exactly what is possible for minority ethnic groups.

Wolstenholme is the only female BAME chair of a FTSE 100 company and Stacy Brown-Philpot, chief executive of odd job startup TaskRabbit – ranked 8th – is the only female BAME chief executive in Silicon Valley.

The movement has garnered support from some of the UK's biggest names in business. 

Paul Polman, chief executive of consumer goods firm Unilever, Ashok Vaswani, boss of Barclays UK, and Mark Carney, governor of the Bank of England have all offered their support. 

Read more: Lloyds Bank leads the London financial sector in British LGBT Awards

Across the FTSE 100, three per cent of chief executives are not white, while on the Alternative Investment Market (Aim) non-white chief executives account for seven per cent of bosses. 

In the US 11 per cent of S&P 100 bosses are not white.

The judging panel for putting together the finally 100 was made up Polman, Vaswani, Vivian Hunt, managing partner McKinsey; economist Linda Yueh, and Nina Vaca, chair and chief executive of Pinnacle Group.

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