Daniel W. Yohannes Sworn in as MCC CEO

New CEO underscores commitment to results and innovative solutions to help the world’s poorest

Washington, D.C.—Today U.S. Secretary of State Hillary Rodham Clinton, who chairs the Millennium Challenge Corporation (MCC) Board of Directors, presided over the swearing-in ceremony for Daniel W. Yohannes as the new Chief Executive Officer of MCC.  

At the ceremony, Mr. Yohannes said, “I am proud to now lead an organization making strides in the fight against global poverty.  Already, MCC is working to invest over $7 billion in results-focused programs in Africa, Central America, Eurasia, and the Pacific. 

“MCC is expanding opportunities for the world’s poor.  Together we must build on our progress.  MCC has learned a great deal from its first few years.  We must show more results, be more innovative with MCC programs, and find more ways to involve and encourage the private sector.   

“This means working with countries committed to the sound policies of good governance.  We know U.S. assistance can do the most good in countries where transparency and the rule of law already nurture a climate for lasting growth.  This means building stronger partnerships.  This means being accountable and delivering results.” 

Daniel W. Yohannes, a philanthropist from Englewood, Colorado, has more than 30 years experience in banking and economic development.  He was nominated as Chief Executive Officer of MCC by President Obama on September 18, 2009, and confirmed by the U.S. Senate on November 20, 2009.  Since retiring from his post as Vice Chairman of U.S. Bank in 2003, Mr. Yohannes has been a private investor specializing in real estate, financial institutions, and the renewable energy sector.  Read his full biography here.

Read Mr. Yohannes’ remarks at the swearing-in ceremony here.

FOR MEDIA: Download Mr. Yohannes' remarks in either NTSC or PAL format (34 MB)

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Millennium Challenge Corporation, a U.S. Government agency designed to work with developing countries, is based on the principle that aid is most effective when it reinforces sound political, economic, and social policies that promote poverty reduction through economic growth.  For more information, please visit www.mcc.gov.

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