President Obama has just nominated Daniel W. Yohannes to be the new Chief Executive Officer of the Millennium Challenge Corporation. Mr. Yohannes is a native of Ethiopia and is currently the President and CEO of M&R Investments, LLC, a private investment firm operating in real estate, financial institutions, and green energy sectors. From 1977 to 1992, Mr. Yohannes worked for Security Pacific Bank, after which he was hired as the CEO of US Bank, were he oversaw the banks growth in assets from $2 billion to $9 billion by his departure in 1999. He also served as Vice Chairman of U.S. Bank for the Commercial Banking Group, Consumer Banking Group and as Head of Integration for Community and Public Affairs.
InterAction, an alliance of US based international NGO’s commended Obama for the nomination in a press release, but also reinforced the need to nominate an Administrator for USAID.