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.

The New York Times said the cause of death was cancer, citing Ronald Lauder, a longtime friend of Parsons and chairman of the board of Estee Lauder.