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‘ 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 D. Parsons, an executive who had a hand in untangling some of the media industry’s knottiest dilemmas, died Thursday in Manhattan. He was 76.