Apple announced this month that Monica Lozano, president and CEO of College Futures Foundation, has been appointed as the eighth member to Apple’s board of directors. Lozano, of Mexican origin, is the first Latina to hold such a position at the global tech giant—a major first step toward greater diversity and inclusion in higher-level positions.
She brings with her a broad range of leadership experience, as well as a long track record as a champion for equity, opportunity, and representation.
“A true leader and trailblazer” joins Apple’s Board of Directors
Prior to joining College Futures Foundation, Lozano spent 30 years in media as editor and publisher of La Opinión, the largest Spanish-language newspaper in the US, helping shine a light on issues from infant mortality to the AIDS epidemic. She went on to become chairman and CEO of La Opinión’s parent company, ImpreMedia. Lozano continues to serve on the boards of Target Corporation and Bank of America Corporation.
She has been recognized for her leadership with awards from organizations like The Leadership Conference on Civil and Human Rights and the United States Hispanic Chamber of Commerce.
Additionally, in her role as CEO of College Futures Foundation, Lozano has been a tireless advocate for expanding access to higher education, partnering with philanthropic organizations, state and local governments, and local communities to improve opportunities for low-income students and students of color.
A co-founder of the Aspen Institute Latinos and Society Program, and a former chair of both the University of California Board of Regents and the board of directors of the Weingart Foundation, a private philanthropic organization, Lozano is also a former board member of The Walt Disney Company.
“Monica has been a true leader and trailblazer in business, media, and an ever-widening circle of philanthropic efforts to realize a more equitable future — in our schools and in the lives of all people,” said Tim Cook, Apple’s CEO. “Her values and breadth of experience will help Apple continue to grow, to innovate, and to be a force for good in the lives of our teams, customers, and communities.”
As a business leader, public servant, and philanthropist, Lozano has made an indelible impact on companies and communities in the US and around the world, and is sure to do the same at Apple.
A major step in the campaign for corporate diversity & inclusion
Lozano’s appointment to Apple’s board of directors comes after much work was done in 2020 by Latino Corporate Directors Associations’ (LCDA) and other organizations to push for more diversity in higher level positions at major companies.
Lozano herself is also a LCDA member and the organization’s goal has been to increase the number of Latinos on corporate boards. According to LCDA’s Latino Board Tracker, currently 77% of Fortune 1000 companies lack a single Latino director on their board.
Other findings of LCDA and corporate data provider Equilar state that in California, where Latinos make up almost 40% of the population, they hold only 2.1% of board positions.
To improve these indicators, the state of California passed Bill 979 in September 2020. This bill now requires public companies to include executives from underrepresented communities on their boards until December 2021.
Since September, LCDA—along with the U.S. Hispanic Chamber of Commerce, the League of United Latin American Citizens, and UnidosUS—also launched the Latino Voices for Boardroom Equity campaign. The goal is for Latinos to hold 20% of board seats—roughly their share of the U.S. population.
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“There is an enormous number of talented Latino candidates who can bring a lot of value [to the companies,” says Esther Aguilar, chief executive officer of the Latino Corporate Directors Association.
Lozano’s appointment to Apple’s board of directors is a major step in diversity and inclusion, especially for Latinas in technology. Hopefully more corporations will look to the tech giant and follow their example.
On joining Apple’s board, Lozano said: “I’ve always admired Apple’s commitment to the notion that technology, at its best, should empower all people to improve their lives and build a better world. I look forward to working with Tim, Art, and the other board members to help Apple carry those values forward and build on a rich and productive history.”