WASHINGTON, Nov. 16, 2012 /PRNewswire-USNewswire/ -- Today the Board of Export-Import Bank of the United States (Ex-Im Bank) appointed sixteen members to the Bank's Advisory Committee for 2013. The Committee advises Ex-Im Bank on its policies and programs, in particular on the extent to which the Bank helps U.S. exporters to compete. Congress established the Advisory Committee thirty years ago.
Returning member Nelson Cunningham, managing partner of McLarty Associates, will again chair the committee.
"I am pleased to announce our 2013 Advisory committee members," said Ex-Im Bank Chairman and President Fred P. Hochberg. "Our members represent various regions of our nation and all are committed to helping Ex-Im Bank achieve its mission of creating and sustaining U.S. jobs through exports. Our Committee is responsible for offering fresh ideas, perspectives and insights, and I look forward to working with each of our new members."
More nominations for the committee were received this year than ever before. This indicates strong bipartisan interest in achieving the National Export Initiative goal of doubling exports between 2010 and 2015. The Bank directors selected members in a process that weighed the nominees' business experience and qualifications, and created balance in perspectives. The final slate represents a wide sampling of business sectors, including small business, manufacturing, labor, services, finance, and environmental concerns.
Members of the FY2013 Advisory Committee, and the sectors they represent, are as follows. Asterisked names indicate new members:
Chairman – Nelson Cunningham, Managing Partner, McLarty Associates, Washington D.C.; represents Services sector
*Mary Andringa, CEO, Vermeer Corporation, Iowa; Manufacturing
*John Bakane, CEO, Frontier Spinning Mills Inc., North Carolina; Textiles
Peter Baranay, Partner, ABRO Industries Inc., Indiana; Small Business
C. Fred Bergsten, Director, Peterson Institute for International Economics, Washington D.C.; Commerce and Trade Policy
*Michael Boyle, CEO, Boyle Energy Services & Technology Inc., New Hampshire; Small Business
*Carol Browner, Senior Counselor, Albright Stonebridge Group and Center for American Progress, Washington DC; Environment
*Celeste Drake, Trade and Globalization Policy Specialist, AFL-CIO, Washington DC; Labor
*Mark Fallon, President, Nuclear Business Group, CH2M Hill, Colorado; Services
*Christine Gregoire, Governor, Washington State, Olympia, Washington; Government
Owen Herrnstadt, Director, Trade and Globalization, International Association of Machinists and Aerospace Workers, Maryland; Labor
Nancy Mercolino, President and Owner, Ceilings Plus, California; Small Business
Michael O'Neill, Chairman of the Board, Citigroup Inc., New York City; Finance
Garrett Pierce, Vice Chairman and CFO, Orbital Sciences Corporation, Virginia; Manufacturing
*Cherod Webber, President and CEO, Innovative Global Supply LLC, South Carolina; Small Business
*Steve Wilburn, CEO, FirmGreen Inc., California; Environment
ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.
Ex-Im Bank approved $35.8 billion in total authorizations in FY 2012 – an all-time Ex-Im record. This total includes more than $6 billion directly supporting small-business export sales – also an Ex-Im record. Ex-Im Bank's total authorizations are supporting an estimated $50 billion in U.S. export sales and approximately 255,000 American jobs in communities across the country. For more information, visit www.exim.gov.
SOURCE Export-Import Bank of the United States