by Jeffrey McKinney
January 31, 2026
Crump-Caine will chair her first board assembly in February.
Seasoned company government Lynn Crump-Caine has been elected board chair of Thrivent, making her the one Black lady presently serving in that position at a Fortune 500 firm.
Thrivent supplies insurance coverage, banking, funding, and monetary recommendation providers to over two million shoppers. The agency knowledgeable BLACK ENTERPRISE that its newest outcomes embody revenues exceeding $12 billion and property underneath administration of over $200 billion. It was disclosed that the metric is the best within the agency’s historical past, relationship again over 120 years.
Crump-Caine will chair her first board assembly in February. Her put up is groundbreaking, given simply two different Black ladies are CEOs on the 2025 Fortune 500 checklist. She is going to succeed N. Cornell Boggs III, a Black man on Thrivent’s board since 2013 and its chair since 2023. He’ll stay on the board.
Thrivent disclosed that Crump-Caine’s duties will embody overseeing all facets of its enterprise and transformation. She most just lately was chair of the human assets and governance committee and a member of the chief committee. She has been a board member since 2016.
Thrivent President and CEO Terry Rasmussen acknowledged, “Lynn’s intensive enterprise and management expertise, deep understanding of Thrivent’s transformation, and dedication to our function make her the perfect option to chair our Board of Administrators.”
She added, “Lynn has been a valued board member for practically a decade, bringing operational experience and strategic perception, and I sit up for working with Lynn on this expanded place as she guides Thrivent’s future transformation and development.”
Crump-Caine’s profession consists of spending 30 years at McDonald’s Corp. Whereas there, she was government vp of worldwide operations and directed international operations departments for over 31,000 McDonald’s eating places. She is the founding father of OutsideIn Consulting, which advises corporations on enterprise administration and management improvement.
She is a board member of various public corporations and non-profits. They embody board chair at Wingstop Inc. and lead director of the board of administrators and government mentor at The ExCo Group. That international agency gives steerage and mentoring providers for C-suite executives and senior leaders.
Reflecting on the brand new position. Crump-Caine linked with BE through electronic mail. She elaborated on her largest development targets for the Minneapolis-based agency for 2006 and past and talked about among the agency’s working methods. Each she and Boggs provided their tackle Black board illustration broadly and why corporations must be extra engaged in that exercise.
She declared underneath the CEO’s management, Thrivent has been constructing momentum and reworking for the long run – all of which is able to proceed and speed up within the years forward.
Crump-Caine indicated Thrivent has 1000’s of U.S. monetary advisors serving to shoppers plan for his or her future, set up legacies for his or her family members and make their communities higher.
Regardless of a shrinking trade, she says Thrivent is rising. Extra particularly, she says 600 new advisors had been added in 2025, who’re already serving shoppers and driving enterprise for Thrivent. Crump-Caine reviews that the agency will add a whole bunch extra this 12 months.
Crump-Caine expressed that Thrivent’s different actions included investing $50 million in 2025 to inform its story and assist make the model a family title. “We additionally just lately launched the Thrivent Financial institution, a digital-first and human-centered financial institution to draw youthful shoppers.”
Additional, Crump-Caine addressed how Thrivent has dealt with challenges in its historical past, together with financial headwinds, geopolitical shifts, and aggressive stress.
“Our benefit is straightforward: we keep targeted on serving our shoppers, taking good care of communities, driving our enterprise ahead and telling Thrivent’s distinctive story. That focus has powered Thrivent’s success, and it’ll proceed to information me in my position as board chair.”
Furthermore, Crump-Caine feels there may be terribly various expertise able to form company boards. She is supportive of efforts to diversify the boardroom and construct company boards that greatest characterize the shoppers of these corporations.
“There are numerous nice Black board chairs who’ve come earlier than me and I’m proud to be on this position at the moment. I hope I could be a optimistic instance and position mannequin for individuals who aspire to carry this seat sooner or later.”
Boggs provided comparable ideas. He says he is aware of that the illustration of Black leaders on company boards remains to be pretty low. As such, he declares it’s the obligation of organizations to develop boards which are consultant of America.
“They (U.S. corporations) want leaders who perceive their shopper, can drive their enterprise ahead, and might successfully information and govern for the long run.”
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