Focusing Capital on the Long Term (“FCLT”) announced today that Sarah Keohane Williamson has accepted the role of inaugural Chief Executive Officer.
FCLT will become independent entity dedicated to promoting long-termism
BOSTON, JULY 26, 2016 -- Focusing Capital on the Long Term (“FCLT”) announced today that Sarah Keohane Williamson has accepted the role of inaugural Chief Executive Officer. Williamson will lead FCLT’s transformation from an initiative formed in 2013 by Canada Pension Plan Investment Board (“CPPIB”), and McKinsey & Company to a not-for-profit global organization dedicated to developing practical tools and approaches that encourage long-term behaviors in business and investment decision-making.
The Founders of this new organization are BlackRock, CPPIB, The Dow Chemical Company (“Dow”), McKinsey & Company, and Tata Sons (“Tata”). In addition to the Founders, FCLT will involve a number of other member organizations committed to achieving long-term tangible actions that benefit businesses, markets and society more broadly.
“I am honored to join FCLT as its first CEO and to continue driving its strong momentum as the initiative grows into an independent entity. FCLT’s goal is to become a hub for ideas and a resource for those who want to implement longer-term behaviors among investment and business professionals,” said Williamson. “I look forward to working with all members on the future vision and strategy of FCLT.”
Williamson, 52, joins FCLT after over 21 years at Wellington Management Company LLP, where she was most recently a Partner and Director of Alternative Investments.
Together, the five founders issued the following statement about Williamson’s appointment: “FCLT’s mission of advancing practical actions to focus business and markets on the long term is more important than ever. After a thorough search, we are delighted that Sarah has joined as the inaugural CEO. She has the right leadership to drive the organization forward: a proven ability to drive innovation and growth, ensure disciplined execution, deliver results and advocate for meaningful change."
Sarah Williamson joined Wellington Management Company LLP in 1995 in Boston and opened the institutional investment manager’s San Francisco office in 1997. In her last role, she was a Partner and Director of Alternative Investments, where she was responsible for guiding the evolution and growth of the firm’s alternative investment offerings by understanding clients’ objectives and creating alternative investment solutions to meet those objectives.
Williamson served on numerous firm-wide boards and committees including as Chair of the Wellington Trust Company, NA and the Trust Investment Committee. Williamson had also been instrumental in Wellington Management’s global diversity and inclusion efforts as the founding chair of the Diversity Committee.
Prior to joining Wellington, Williamson spent over five years with McKinsey & Company. She was also employed by the US Department of State and was a mergers and acquisitions investment banker at Goldman, Sachs & Co. in New York and London. In addition, she has served on boards and investment committees for several educational and charitable organizations for over 15 years. She is a graduate of Harvard Business School and Williams College, and holds the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations.
FCLT is a not-for-profit organization that aims to develop educational resources and practical solutions that encourage longer-term behaviors in the investment and business worlds to drive long-term value creation and economic growth. It takes an active and practical approach to achieve its goals by conducting research, convening business leaders, developing recommendations and generating broad awareness of ways in which a longer-term focus can increase economic growth and savings for employees, retirement and future generations. FCLT has a global membership base and focus.
More information is available at www.fclt.org.
Nadia Damouni, Edelman on behalf of FCLT
T: (917) 344-4771
[email protected] or [email protected]