Posted 7/29/2013 09:48 am
Updated 1 year ago
The Clinton Foundation has announced the replacement of Bruce Lindsey of Little Rock as the nonprofit's CEO: Eric Braverman, a former partner in McKinsey & Co., a management consulting firm based in New York.
The announcement came earlier this month in a little noticed news release from the foundation, based in New York.
Lindsey, who has been CEO since 2004, will continue as the foundation's "chairman of the board, counselor, and advisor to Braverman," the nonprofit said. Chelsea Clinton, daughter of former President Bill Clinton and former U.S. Secretary of State Hillary Clinton, will be vice chair of the board.
Lindsey, a longtime friend and confidant of the Clintons, suffered a stroke in late 2011 but was reported to be recovering. Lindsey, who as foundation CEO traveled between the foundation's New York and Little Rock offices, served in a number of roles during Clinton's presidency, including assistant to the president and deputy White House counsel.
As CEO, Lindsey earned compensation totaling $319,605, according to the nonprofit's 2011 tax return, the latest available.
Before joining the foundation, Braverman had worked at McKinsey & Co., a management consulting firm based in New York, since 1997. Braverman was a partner in the firm's public sector practice, "directing McKinsey's work on government innovation and counseling clients on strategy, organization, and partnership between the public, private, and social sectors," the foundation's press release said.
In addition, Braverman had worked with the Clinton Foundation on its recovery efforts after the January 2010 earthquake in Haiti.
"As the Clinton Foundation enters its 12th year, Eric’s leadership, strategic experience, and passion will be vital to increasing our impact around the world," said Bill, Hillary, and Chelsea Clinton. "On behalf of everyone at the Foundation, we look forward to working with him to shape our future — building on what we know works, and expanding to areas where we can make a real difference."
The William J. Clinton Foundation was listed in fifth place on last year's Arkansas Business list of the largest nonprofits in Arkansas. The foundation reported total assets of $195,231,000 at the end of 2012.
The foundation works around the globe focusing on health and wellness, economic development and environmental issues.