Richard Parsons‘ death has left the business world mourning the loss of a visionary leader. Known for his steady leadership, Parsons played a crucial role in reshaping Time Warner following its troubled merger with AOL.

Richard Parsons, one of corporate America’s most prominent Black executives who held top posts at Time Warner and Citigroup, has died. He was 76.

Richard Parsons, a renowned media executive and businessman who led Time Warner and Citigroup and helped revive other distressed U.S. companies, died Thursday at age 76.