Bank of America Executive Brings Extensive Experience in Diversity & Inclusion
Today, the Paradigm for Parity® coalition announced that Sandra Quince has been appointed the coalition’s first-ever CEO. Sandra is currently a Senior Vice President in the Global Diversity & Inclusion (D&I) organization at Bank of America. The bank is a long-time member of the coalition, and as an extension of its commitment, is sponsoring Sandra to join the coalition as part of Bank of America’s Leader on Loan Program.
“We are very excited to welcome Sandra Quince to the Paradigm for Parity® coalition and look forward to her leadership and vision as we continue to work with companies around the world to implement our action plan and toolkit, and close the gender gap for women of all races, ethnicities and backgrounds,” said Ellen Kullman, Co-Chair of the Paradigm for Parity® coalition and the CEO of Carbon. “Working for one of the world’s largest companies, Sandra has a keen understanding of the intersectionality between race and gender equality, and firsthand experience tackling some of the barriers that impact women’s advancement. We are grateful to Bank of America for its long-time support and partnership as we work to get more women into leadership positions in the corporate world.”
“I’m honored to join the Paradigm for Parity® coalition and work with the 129 member companies to make real and lasting change in the corporate workforce,” said Sandra Quince, new Paradigm for Parity® CEO. “Diversity, equity and inclusion have long been top priorities for me and I am excited about the opportunity to use my experience at Bank of America to help companies around the world level the playing field for women of all races, backgrounds and ethnicities. I look forward to building upon the coalition’s strong foundation to expand its reach and further drive impact.”
“As a member of the Paradigm for Parity® coalition, I am excited about the appointment of Sandra Quince as their new CEO as a part of our Leader on Loan Program,” said Sheri Bronstein, Chief Human Resources Officer at Bank of America. “Sandra’s human resources expertise, coupled with her commitment to D&I, will further drive the organization’s pursuit of gender equity for all.”
“Our Leader on Loan Program began a few years ago when we helped launch a community center in Charlotte,” said Charles Bowman, Bank of America’s President of North Carolina, who leads the program. “Loaning one of our leaders is a great way to inject human capital and share their knowledge, skills and best practices with our partner organizations.”
As CEO, Sandra will work with the coalition's co-chairs, Ellen Kullman, Jewelle Bickford and Sandra Beach Lin, as well as its Board of Directors to oversee the strategic vision of the coalition. Working alongside staff and Executive Director, Beth Kent, Sandra will execute the organization’s strategic growth plan. Under her leadership, the coalition will expand its tools and programming to focus on women of color in particular, in addition to its collaboration opportunities for companies to share best practices as they implement the Paradigm for Parity® Coalition’s 5-Point Action Plan.
Sandra brings over 15 years of experience in D&I and human resources that will be an asset as the Paradigm for Parity® coalition continues to grow its ranks and reach its goal of gender parity in corporate leadership. At Bank of America, Sandra led the company in executive D&I strategies including the planning and operations for the company’s Global D&I Council. Prior to joining the global D&I organization, Sandra was part of the company’s leadership development team, supporting Consumer and Small Business Banking.
Bank of America has a long-standing commitment to equality and knows that companies that focus on creating a strong culture of D&I reap several benefits, including greater innovation, stronger employee engagement and productivity and a positive impact on their bottom line. The bank’s Global D&I Council, led by CEO Brian Moynihan, promotes diversity goal setting, which is embedded in Bank of America’s performance management process and occurs at all levels of the company. The Council has been in place for over 20 years and consists of senior executives from every group. To provide additional transparency into Bank of America’s people practices and diversity efforts, in 2020, the company issued its second Human Capital Management Report.
The Paradigm for Parity® coalition is comprised of CEOs, senior executives, founders, board members and business academics who are committed to achieving a new norm in corporate leadership: one in which women and men have equal power, status, and opportunity.
The coalition created the Paradigm for Parity® 5-Point Action Plan for corporations to accelerate the pace of gender equity in senior executive roles. This unique agenda defines bold and specific actions that, taken together and simultaneously implemented as a package, will catalyze change and enable today's business executives to secure the best leaders of tomorrow. Visit www.paradigm4parity.com or follow the coalition on Twitter using @p4parity to learn more about this exciting initiative.