Ask Shirley Stancato what helped her be successful, and she’ll answer you with one word: family. Growing up, he was taught the importance of service to others above all else.
Most recently, the Detroit native and Wayne State University board member spent nearly two decades as the head of the New Detroit nonprofit, a coalition of leaders working for understanding and fairness. racialism in metropolitan Detroit, where she was the organization’s first woman. and longest-serving president, leading many initiatives aimed at improving race relations in the region. And over the course of his long banking career, filled with many âfirsts,â Stancato rose through the ranks to become senior vice president of Bank One (now Chase Bank).
It is these past accomplishments and more that recently caught the attention of MichBusiness, formerly known as the Michigan Business and Professional Association, as they inducted Stancato into the prestigious Michigan Business Women Hall of Fame. The induction ceremony and awards ceremony will take place on Thursday, May 13, from 1 p.m. to 2:30 p.m., at the MichBusiness digital fair. Conference on the development of women. As an inductee, Stancato will also be featured in the May / June issue of Corporate! Magazine.
âBoth of my parents are deceased, but the first thing I thought when I heard the news of my induction was that mom and dad would be smiling at this,â Stancato said. âThey taught us it wasn’t about you. It was about others and the impact you can make. The fact that this is for business women is great, but it’s more about the impact you have in improving the lives of Michigan residents.
The induction criteria include female leaders who have not only had significant business success, many globally, but who have also made Michigan a better place to live and work through their efforts. This year’s event also celebrates the Millennial Shooting Stars and Women Leadership in the Workplace winners, in addition to a week dedicated to education and networking.
Stancato, a graduate of Cass Technical High School, received undergraduate and graduate degrees from Wayne State University. She also holds an honorary doctorate from the University of Michigan. Stancato came to WSU after earning a full scholarship from the Elliottoria Business and Professional Women’s Club, which has the distinction of being the premier black business women’s club in Detroit and the state of Michigan; the host of the first Detroit sighting of “Negro History Week” in 1931; and a long-standing provider of scholarships for deserving students regardless of “race, creed or color”.
She still remembers her first day at Wayne State and how it affected her parents, neither of whom had completed high school. Her father was a skilled construction worker and her mother was a housewife. His mother drove Stancato to Science Hall for his first class, even though the family only lived 2 miles on Wabash Street in Detroit.
“When I got home that night my mom said, ‘I want you to know that I have never felt so proud in my life that I was able to take you to your first day of college. “” Stancato said. âAs a first generation student, it was not only an experience for me, it was also an experience for the whole family. And that’s what Wayne State gave me, what I know he has for a lot.
Stancato joins this year’s other Hall of Fame member, US Rep (and former WSU Board of Directors) Debbie Dingell; Florine Mark, President and CEO of Weight Watchers; Michigan Supreme Court Justice Bridget Mary McCormack; Rochelle Riley, director of arts and culture for the city of Detroit; and Leslie Murphy, President and CEO of Murphy Consulting.