Board of Directors
Lois Juliber, Chair of The MasterCard Foundation, is the retired Vice Chairman and Chief Operating Officer of Colgate-Palmolive. While at Colgate Ms. Juliber was instrumental in growing the company’s global business in Asia, Africa, Latin America, and the Middle East, and in refocusing the company’s information technology, manufacturing, research and development, and new product capabilities. She has been recognized by Fortune Magazine, Business Week and the American Advertising Federation among others for her corporate leadership. Ms. Juliber is a member of the Board of Directors of the DuPont Corporation and Mondelez International (formerly Kraft), a Trustee Emerita of Wellesley College, and a member of the President’s Council at Olin College.
Phillip Clay served as the Chancellor of the Massachusetts Institute of Technology from 2001 until 2011 and has been a Professor of City Planning since 1976. Widely known for his work in U.S. housing policy and urban development, Professor Clay is a founding member of the National Housing Trust that addresses the issue of housing preservation. He is also President of the Board of The Community Builders, Inc., the nation’s largest non-profit developer of affordable housing. He was appointed to the Board of Trustees of the University of North Carolina at Chapel Hill and is a member of the Board of The Kresge Foundation.
Jendayi Frazer is adjunct senior fellow for Africa studies at the Council on Foreign Relations (CFR). Frazer was a distinguished public service professor at Carnegie Mellon University from 2009 to 2014, where she was on the faculty of Heinz College’s School of Public Policy and Management. She is the Director of the university’s Center for International Policy and Innovation (CIPI) and Adjunct Senior Fellow for Africa Studies at the Council on Foreign Relations. Dr. Frazer served as the U.S. Assistant Secretary of State for African Affairs and as Special Assistant to the President and Senior Director for African Affairs at the National Security Council. She was the first woman U.S. Ambassador to South Africa. Dr. Frazer received the Distinguished Service Award, the highest award bestowed by the Secretary of State.
Jim Leech C.M. is the Chancellor of Queen’s University, one of Canada’s leading universities, and Senior Advisor with McKinsey and Company. He recently retired as President and CEO of the Ontario Teachers’ Pension Plan, where he oversaw the management of $140 billion in fund assets and the administration of pensions for over 300,000 plan members in Ontario, Canada. During his business career, Mr. Leech gained global recognition for his expertise and leadership in the pension management and private equity industries and as CEO of several public companies. In 2014, Mr. Leech was invested as a Member of the Order of Canada for his contributions as an innovator in pension management, for his writings on the subject of retirement funding and for his community involvement.
President Festus G. Mogae led the Republic of Botswana from 1998 to 2008. Under his leadership, Botswana experienced steady economic growth that has characterized its post-independence history. President Mogae has received a number of awards, including the 2008 Mo Ibrahim Prize for Achievement in African Leadership and the Grand Cross of the Legion d’honneur by French President Nicolas Sarkozy. He serves as Chairman of the Advisory Board of Coalition of Dialogue on Africa (CoDA) and is a Member of the Global Commission on Elections, Democracy and Security, as well as a Trustee of the Rhodes Trust.
Don Morrison was the Chief Operating Officer, BlackBerry with Research In Motion (RIM – now BlackBerry), a position he held from 2000 until his retirement in the Fall of 2011. Prior to joining RIM, Mr. Morrison held a number of senior leadership positions in the international telecom sector. Mr. Morrison is the co-founder of the Morrison Family Foundation and the founder of the Centre for Compassion and Contemplation. He is also a member of Yellow Media and the Dalai Lama Center for Ethics and Transformative Values at the Massachusetts Institute of Technology (MIT).
Hutham Olayan is a principal, director and senior executive of The Olayan Group, a private, multinational enterprise that is both a global investor and diversified commercial business in Saudi Arabia and wider Middle East. As President and CEO of Olayan America, Ms. Olayan is responsible for all of the group’s investment activity in the Americas. Ms. Olayan has been a Director of Morgan Stanley since 2006. In the non-profit sector, she serves on the boards of the American University of Beirut, Georgetown University, Peterson Institute for International Economics, and Memorial Sloan-Kettering Cancer Center.
Paul Ostergard is the retired Chairman and CEO of the Citigroup Foundation, where he oversaw the Foundation’s global program in microfinance. He has also served as the President and CEO of the GE Foundation. Mr. Ostergard is an Emeritus Trustee of Case Western Reserve University. He earlier served on various philanthropic boards including the Red Cross of Greater New York, the Hispanic Scholarship Fund, Junior Achievement International, Americans for the Arts, and Operation Smile, among others.
Marguerite Robinson has worked extensively in international development, with a specialty in large scale commercial microfinance. Advising governments, banks, microfinance organizations becoming regulated, donors, and others, she has carried out intensive field work in developing countries in Asia, Africa, and Latin America, in rural and tribal areas and among the urban poor. Her writings include books on Sri Lanka and India, and Volumes I and II of The Microfinance Revolution (Volume III, on African microfinance and social and economic development, is in progress). Dr. Robinson is also a Member of the Board of Directors of the Boulder Institute of Microfinance.
Tim Solso is the former Chairman and CEO of Cummins Inc. Under his leadership, Cummins became a Fortune 250 company that designs, produces, and sells diesel engines, power generation equipment, and related components in more than 190 countries and territories. Mr. Solso was named a top five finalist in Marketwatch’s CEO of the Decade and has received numerous awards including the Ellis Island Medal of Honor and the William R. Laws Human Rights Award. He is a Director of Ball Corp., General Motors Corp., and serves on the Board of EARTH University and the EARTH University Foundation. He also served as a member of President Barack Obama’s Management Advisory Board.
BRAC’s “microfinance multiplied” model enables women to use their loans to increase their incomes and build assets while stimulating economic and social development in their community. At the center of this model are groups of women that meet weekly with a BRAC community organizer who makes loans and collects repayments. These groups are the primary distribution channel for technical assistance to their communities. For example, BRAC trains some women to become model farmers, who in turn teach good farming practices to other members of their village. Other group members are trained as health promoters who share their knowledge and sell their services in their community.