Black Economic Council names Framingham-raised entrepreneur as new CEO
Photo | Courtesy of BECMA
Nicole Obi, president and CEO of the Black Economic Council of Massachusetts
The Black Economic Council of Massachusetts has named Nicole Obi as its new president and CEO, effective Monday, BECMA announced on Thursday.
Obi grew up in Framingham and, over the course of her career, co-founded two venture-backed startups before spending seven years leading a strategy consulting firm, per the announcement. She then went on to work at Fidelity Investments, where she stayed until 2018, at which point she left as vice president of customer insights and engagement strategy. Her experience aligns closely with BECMA’s approach to combating inequities across the state.
“Our vision for closing the racial wealth gap in Massachusetts is based upon the pillars of enabling entrepreneurship, increasing equity value through business and homeownership, facilitating commercial engagement through purchasing and placing Black people in the skilled workforce and in decision-making roles in management and board positions,” Obi said in a statement. “I’m elated to lead BECMA and look forward to driving impactful outcomes in closing the commonwealth’s wealth gap.”
Obi joined BECMA 18 months ago. She attended Hampton University in Virginia and then the Massachusetts Institute of Technology in Cambridge for dual graduate degrees from the Sloan School of Management and the School of Urban Studies & Planning.
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