Press Release

For Immediate Release

November 20, 2009

Contact: 202-521-3850

Email: info@mcc.gov

U.S. Senate Confirms Daniel W. Yohannes as CEO of Millennium Challenge Corporation

Washington, D.C.—Today the United States Senate unanimously confirmed President Barack Obama’s nomination of Daniel W. Yohannes as the new Chief Executive Officer of the U.S. Government’s Millennium Challenge Corporation (MCC). As CEO, Mr. Yohannes will undertake MCC’s mission to reduce poverty through economic growth.

MCC is an innovative and independent U.S. foreign aid agency that is helping lead the fight against global poverty. Created by the U.S. Congress in January 2004, with strong bipartisan support, MCC is changing the conversation on the delivery of U.S. foreign assistance by focusing on good policies, country ownership, and results.

During his confirmation hearing in front of the Senate Foreign Relations Committee, Mr. Yohannes said, “I welcome the opportunity to lead MCC. I will work as a good emissary for MCC to partners around the world, to U.S. Congress, and to all stakeholders, with the input of MCC’s professionals, the Board of Directors, the development community, partner countries, and the private sector. I’m confident that MCC’s anti-poverty partnerships worldwide will generate sustainable economic growth and opportunity, and this is fundamental to enhancing our collective security and common humanity for a more prosperous, peaceful world.”

Mr. Yohannes continued, “We have a lot to accomplish in order to advance our government’s vision to reduce global poverty. It is challenging to replace patronage with partnership to deliver smart aid that matters by encouraging some policies, country-led development, and sustainable results. MCC offers some important lessons on where to start. MCC lays an innovative foundation to address the complex problem of global poverty.”

Following is Mr. Yohannes’ biography:

Daniel W. Yohannes, Chief Executive Office, Millennium Challenge Corporation
Daniel W. Yohannes, a former banker and active philanthropist from Englewood, Colorado, was nominated by President Obama as Chief Executive Officer of MCC on September 18, 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. From 1992 to 1999, Mr. Yohannes was President and CEO of Colorado National Bank (part of U.S. Bank), and before this held a number of leadership roles at Security Pacific Bank (now Bank of America).  

Mr. Yohannes is active in his community and serves on various boards and civil organizations, including the Board of the National Jewish Hospital, the Denver Art Museum’s Board of Trustees, and the Board of Directors for the University of Colorado Medical School. He was a board member of Project C.U.R.E. (Commission on Urgent Relief & Equipment), which provides medical supplies for needy people around the world, and chairman of the Mayor of Denver’s Greenprint Council, a leadership group focused on improving the environment of cities and reducing greenhouse gas emissions.

Mr. Yohannes graduated from Claremont McKenna College with a B.A. in Economics and earned an M.B.A. from Pepperdine University. Born in Addis Ababa, Ethiopia, he is fluent in Amharic.

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Millennium Challenge Corporation (MCC), a United States Government agency designed to work with developing countries, is based on the principle that aid is most effective when it reinforces good governance, economic freedom, and investments in people that promote economic growth and help eliminate extreme poverty.  For more information about MCC, visit www.mcc.gov.