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.

Parsons was named chief executive officer of AOL Time Warner in 2002 after the $124-billion merger of the dial-up internet provider and the largest entertainment and media company started to fall apart.