Board of Directors

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Paul Maritz, Chair

For the past several years, Paul has shared his management and technology expertise as a volunteer member of the Grameen Technology Center’s Advisory Council.   Paul joined VMware in July 2008 as President and Chief Executive Officer. Prior to joining VMware, he was President of the Cloud Infrastructure and Services Division at EMC after the company’s February 2008 acquisition of Pi, where he was the founder and CEO. Before founding Pi, he spent 14 years working at Microsoft, where he served as a member of the five-person Executive Committee that managed the overall company. As Vice President of the Platform Strategy and Developer Group, among other roles, he oversaw the development and marketing of System Software Products (including Windows 95, Windows NT, and Windows 2000), Development Tools (Visual Studio) and Database Products (SQL Server) and the complete Office and Exchange Product Lines. Prior to Microsoft, he spent five years working at Intel as a software and tools developer.

Born and raised in Zimbabwe, Paul attended the Universities of Cape Town and Natal in South Africa. He enjoys spending time in Africa where he sponsors projects in education and rural development in the country of Zambia.

Robert Eichfeld, Vice-Chair

During a 33 year career with Citigroup, Bob managed many of Citibank's business, country and regional activities while posted in Puerto Rico and elsewhere in the Caribbean followed by Indonesia, Pakistan, Brazil, Saudi Arabia, New Zealand, India and again in Saudi Arabia.
 
Since 2000 he has continued to use the business and cultural awareness skills that arise from having lived in or traveled to over 100 countries.  He advised a de-novo venture capital fund in Dubai.  He helped set up a new Islamic bank in Bahrain.  He joined the board of the leading investment bank in the Middle East, Cairo based EFG-Hermes where he serves on the Bank's audit committee.  EFG specializes in brokerage and research, private equity, corporate finance and asset management across the Arab world.
 
He is currently Vice-Chair of the Global Advisory Council at his alma mater, the Thunderbird School of Global Management.  He also serves on the board of the Pearl S. Buck Foundation, an organization dedicated to childhood welfare throughout Asia, and Give To Colombia, an organization working to improve the lives of the poor in Colombia.  He remains active in Rotary and supports its social development work in various countries.  Bob's other interests include international current affairs, tennis, hiking, rafting and extensive travel.
 
He graduated from Wake Forest University in 1966 with a degree in Economics, from Thunderbird in 1967 with a graduate degree in International Business, and from Harvard's Executive Program for Management Development in 1985.

Rosanna Ramos-Velita

Rosanna Ramos Velita is Chairman of the Board of Caja Rural Los Andes, a microfinance bank serving rural entrepreneurs in the Andean regions of Peru.
 
Ms. Ramos Velita led a group of investors to acquire Caja Los Andes with the objective of developing a leading rural bank in Peru.  She brings to this venture passion and commitment to microfinance coupled with significant experience in international finance, technology and entrepreurship. 
 
She has held senior positions at Citigroup, where she was CFO of Global Marketing and Director of Strategic Initiatives for the Global Consumer Group, Citigroup’s largest business worldwide.  Prior to Citigroup, she started a company which focused on providing financial services to the US Hispanic community.  As Investment Banker at Bankers Trust and UBS, she led and participated in key Latin American M&A and capital market transactions. She started her career as a designer of microcircuits at AT&T Microelectronics.
 
Ms. Ramos Velita is a Member of the Board of Grameen Foundation where she is currently Chairman of the Latin American Council and has served and Treasurer and Chairman of the Finance Committee.  She is a Member of the Wharton Executive Board for Latin America and a Member of the Board of Enseña Perú, the Peruvian chapter of Teach for America. 
 
Ms. Ramos Velita holds an MBA from the Wharton School and an MA in International Business from The Joseph H. Lauder Institute of the University of Pennsylvania.  She received an MS in Electrical Engineering from Lehigh University and a BS in Electrical Engineering from the University of North Dakota.

Robert Ottenhoff, Secretary

Robert G. Ottenhoff is the President of GuideStar, which operates the largest database of financial information on nonprofit organizations and foundations. From 2000-2002, he started high tech companies for Linsang Partners and operated his own international management consulting practice. He has more than 25 years of experience in broadcast management and strategic leadership. From 1991 to 1999, he was Chief Operating Officer of the Public Broadcasting Service (PBS). While at PBS, Mr. Ottenhoff was Chairman of the Board of PBS Enterprises and President of NABA, an organization representing broadcasters and other telecommunication companies in the US, Canada and Mexico.

Nurjahan Begum

Nurjahan Begum, deputy managing director of the Grameen Bank, was one of the earliest associates of Professor Muhammad Yunus when he founded the bank. A student at Chittagong University, Ms. Nurjahan organized poor rural women for Grameen Bank’s grassroots groups during the bank’s earliest and most challenging days.

She worked as the General Manager, Training & International Program of Grameen Bank for more than a decade and also served as the Principal of Grameen Bank’s Central Training Institute. Ms. Nurjahan is also a consultant, trainer and evaluator of microcredit programs around the world.

Ms. Nurjahan is also working as managing director (honorary) of Grameen Shikkha since Shikkha was established in 1997. Grameen Shikkha, a member in the Grameen family of companies, is a non-profit education organization providing scholarship support to poor students and conducting early childhood development, non-formal slum school and vocational training programs in Bangladesh.

She is serving as director for various Grameen Family companies: Grameen Trust, Grameen Shakti, Grameen Kalyan, Grameen Uddog, Grameen Krishi Foundation, Grameen Fisheries and Livestock Foundation, Grameen Capital Management Ltd. and Grameen Employment Services Ltd. She is also serving as director for Grameen Italia, Grameenphone Ltd., and Center for Mass Education in Science (CMES), a leading NGO in Bangladesh working in human resource development.

Ms. Nurjahan was awarded Grameen Foundation’s 2008 Susan M. Davis Lifetime Achievement Award, the 2009 World Summit Millennium Development Goals Award, and the 2009 Vision Award.

Susan Davis

Ms. Davis is a thought leader in international development and civil society innovation and co-author with David Bornstein of Social Entrepreneurship: What Everyone Needs to Know published by Oxford University Press in 2010.  She is the founding President & CEO of BRAC USA, a grantmaking affiliate of BRAC, an international development organization started in Bangladesh in 1972 and now working in Haiti and 9 countries across Africa and Asia. She is currently on the governing boards of BRAC and BRAC International and serves as chair for BRAC Sierra Leone and Liberia microfinance companies. In addition she was a founding board member and Chair of the Grameen Foundation and is a current board member.  Since its inception, Ms. Davis has served as a Senior Advisor to New York University’s Reynolds Program on Social Entrepreneurship.  Previously she led Ashoka’s Global Academy for Social Entrepreneurship, co-founded the University Network for Social Entrepreneurship and oversaw Ashoka’s expansion to the Middle East, North Africa and Central Asia. She serves on Ashoka’s international board committee that selects Ashoka Fellows. In addition she served as a Senior Advisor to the Director General of the International Labor Organization. Prior to that, she led the global advocacy group, Women's Environment & Development Organization. She has extensive microfinance experience including from her years with the Ford Foundation in Bangladesh and from her work with Women's World Banking. She also served as a funder and volunteer representative to start Ashoka Bangladesh. Earlier she was the Assistant Director of the export trading company of the Port Authority of New York & New Jersey.

She serves on numerous other boards including Sirleaf Market Women’s Fund, and African Women’s Development Fund USA. She is on Mary Robinson’s Advisory Council of Realizing Rights: the Ethical Globalization Initiative, Dalai Lama Scholars and Fellows Program, Dalai Lama Center Connecting for Change, Global Fairness Initiative and is a member of the Council on Foreign Relations. She was educated at Georgetown, Harvard and Oxford universities.

Jennifer Drogula

Jennifer is a corporate attorney with experience handling cross-border transactions in more than twenty-five countries. She worked in private practice for almost twenty years, most recently as a partner in the Corporate Department of Wilmer, Cutler, Pickering, Hale and Dorr LLP.  She has advised clients in transnational business transactions including mergers and acquisitions, joint ventures, venture capital and private equity investments and debt financings and has advised fund managers and investors in connection with investment fund formation and operation.  Jennifer also has experience in technology transactions, including the licensing and acquisition of intellectual property.  Jennifer’s pro bono work has included representing social business enterprises, including microfinance institutions.  Jennifer taught a course on social business enterprise at the Georgetown University School of Foreign Service in 2008 and will be teaching in an international transactions clinic at the University of Michigan Law School during the 2009-2010 academic year.  She received her B.A. from the University of Texas at Austin and her J.D. and LL.M. from Duke University School of Law. She is admitted to the District of Columbia and New York bars.  Jennifer is conversant in Spanish, French and Russian.

Vikram Gandhi

Vikram Gandhi is Head of the Global Financial Institutions Group (FIG) at Credit Suisse. In addition to significant client responsibilities, Mr. Gandhi is responsible for the coordination and integration of CSFB’s financial institutions capabilities across a wide range of advisory and financing products, including derivatives and structure products.
Before joining CSFB, Mr. Gandhi spent 16 years at Morgan Stanley where he held various positions including the Co-Head of the Financial Institutions Practice; Head of Institutional Strategy and Business Development; Chief Operating Officer for the Firm’s E-Commerce Steering Committee; and President, Morgan Stanley India.

Mr. Gandhi has a wealth of experience in being involved in various financial institutions high-profile M&A transactions and financings across the globe; such as Bank of America’s acquisition of Fleet, the sale of National Processing Company to Bank of America, merger of Chase Manhattan and Chemical Bank, the sale of First Fidelity to First Union, and Bank of Boston’s acquisition to Bay Bank.

Mr. Gandhi received his B. Com from the University of Bombay and an MBA from the Harvard Business School, where he was designated a Baker Scholar. He is also a qualified Chartered Accountant.

James L. Greenberg

Jim Greenberg brings to Grameen Foundation a passion for microfinance, defeating poverty on a massive scale and a focus on India and the Middle East/North Africa.  He currently serves on Grameen Foundation's Board of Directors, is the founding Chairman of Grameen Capital India, is on the Board of Directors of Grameen Jameel Microfinance Ltd., and is the Co-Chairman of the Grameen Foundation Investment Committee.   Not only has Grameen Foundation benefited from Jim's valuable knowledge, seasoned insight and strategic direction, but he and his wife also helped to launch the India Initiative.

Jim has a rich executive and management background in international business.  In 1995 he became the founding partner of DevCorp International B.S.C. (c), a Bahrain-based venture development and investment company with active projects spanning shrimp farming, petrochemicals, light manufacturing, and telecomm/IT.  Jim is currently Chairman and CEO of the company.

Susan McCaw

Susan McCaw is President of COM Investments, a private investment firm. From 2005–2007, Mrs. McCaw served as the US Ambassador to the Republic of Austria.  Before serving as Ambassador, Mrs. McCaw was President of COM Investments. Formerly, Mrs. McCaw was a Principal at Robertson Stephens & Company, a San Francisco-based investment bank.  Mrs. McCaw also worked as an Associate in Robertson Stephens Venture Capital Group.  Mrs. McCaw started her career as a Business Analyst for McKinsey & Company in New York and Hong Kong.
 
Mrs. McCaw is a member of Stanford University’s Board of Trustees and served as Co-Chair of Stanford’s $1 billion Campaign for Undergraduate Education.  She is also a board member of the Pacific Council on International Policy and the Grameen Foundation. Mrs. McCaw is currently a member of the American Austrian Foundation, the Council on Foreign Relations and the Council of American Ambassadors. Mrs. McCaw is also the Director of the Craig and Susan McCaw Foundation focusing on education and international economic development projects. 
 
Mrs. McCaw earned a BA in Economics from Stanford University and an MBA from Harvard Business School.
 
Mrs. McCaw was born and raised in Orange County, California.  She is married to Craig McCaw and has three children.  They reside in Santa Barbara, CA.

David Russell

David H. Russell was the Founder, CEO and President of Dalcomp, Inc. which served NYC based banks and stock brokerage firms. Dalcomp provided computer software and telecommunications services for automating syndications of new securities issued. The company was sold to Thompson Financial Service in January 1995. David is now involved with gold mining in Chile and Oregon and energy resources. He is also developing new technologies to recover gas, oil and coal within the US.

For the past 15 years David has dedicated himself to helping the lowest income people worldwide take their first steps out of poverty by providing seed capital to entrepreneurs sothat they may launch their own microenterprise. David is a member of Grameen Foundation's Social Performance Advisory Committee.

David H. Russell was educated at Emory University and New York University Business School. He has served on several corporate and non-profit boards.

Muhammad Yunus, Director, Emeritus

Recipient of the 2006 Nobel Peace Prize, Professor Muhammad Yunus is internationally recognized for his work in poverty alleviation and the empowerment of poor women. Professor Yunus has successfully melded capitalism with social responsibility to create the Grameen Bank, a microcredit institution committed to providing small amounts of working capital to the poor for self-employment. From its origins as an action-research project in 1976, Grameen Bank has grown to provide collateral-free loans to 7.5 million clients in more than 82,072 villages in Bangladesh and 97% of whom are women. Over the last two decades, Grameen Bank has loaned out over 6.5 billion dollars to the poorest of the poor, while maintaining a repayment rate consistently above 98%. The innovative approach to poverty alleviation pioneered by Professor Yunus in a small village in Bangladesh has inspired a global microcredit movement reaching out to millions of poor women from rural South Africa to inner city Chicago. His autobiography, "Banker to the Poor: Microlending and the Battle Against World Poverty," has been translated in French, Italian, Spanish, English, Japanese, Portuguese, Dutch, Gujarati, Chinese, German, Turkish and Arabic.

Alex Counts, President and CEO

Alex Counts founded Grameen Foundation and became its President and CEO in 1997, after having worked in microfinance and poverty reduction for 10 years. A Cornell University graduate, Counts’ commitment to poverty eradication deepened as a Fulbright scholar in Bangladesh, where he witnessed innovative poverty solutions being developed by Grameen Bank. He trained under Professor Muhammad Yunus, the founder and managing director of Grameen Bank, and co-recipient of the 2006 Nobel Peace Prize. Since its modest beginnings, sparked by a $6,000 seed grant provided by Prof. Yunus (who was a founding board member and continues as director emeritus), Grameen Foundation has grown to a leading international humanitarian organization with an annual budget of approximately $25 million.

Counts has propelled Grameen Foundation’s philosophy through his writings, including Small Loans, Big Dreams: How Nobel Prize Winner Muhammad Yunus and Microfinance Are Changing the World. Counts has also been published in The Washington Post, the International Herald Tribune, the Stanford Social Innovation Review, The Miami Herald, The Christian Science Monitor and elsewhere. In 2007 he received the Distinguished Alumni Award from Horace Mann School.

Counts chairs the Fonkoze USA board of directors and is the immediate past chair of Project Enterprise’s board. He sits on the Advisory Council of the Center for Financial Inclusion, the Advisory Board of the ThinkGlobal Arts Foundation, and he co-chairs the Microenterprise Coalition. He serves on the Board of Directors of two social businesses: Grameen-Jameel Microfinance Ltd. and YouChange PuRong Information Advisory Co. Ltd., which promote microfinance and related efforts in the Arab World and China respectively.

Before leading Grameen Foundation, Counts served as the legislative director of RESULTS and as a regional project manager for CARE-Bangladesh. He speaks fluent Bengali and lives in Washington, DC, with his wife, Emily, and their cat, Seymour.

Si White, Treasurer

Si was CFO for the Grameen Foundation before joining the board in April 2009 bringing over 25 years of management and financial experience to the organization.  He has spent his career in a variety of global financial leadership roles with Ernst & Young, PepsiCo, Nestle and Cisco Systems.  In addition to his passion for Microfinance he has worked for many years using his Spanish language and finance skills to help low income families with their taxes and financial planning.  He also works with environmental issues as a board member of Save the Bay in San Francisco.  Si, a CPA, and a native Californian graduated from California State University, Northridge. He and his wife, Cathy Pendo, have three children.

Peter Cowhey

Peter Cowhey is the UC San Diego Dean and Qualcomm Professor of Communications and Technology Policy at the School of International Relations and Pacific Studies. In 2009 he was on leave from the university to join the Office of the U.S. Trade Representative as Senior Counselor for policy planning. His responsibilities included working with Ambassador Kirk on the strategic agenda for trade policy while supervising the work of USTR offices for the Americas, Europe and the Middle East, Market Access and Competitiveness, Intellectual Property, and Services and Investment. 

Cowhey is the former Director of the University of California system's Institute on Global Conflict and Cooperation and head of policy studies for the California Institute on Telecommunications and Information Technology. Cowhey's research has especially focused on the political economy of international trade, investment and regulatory policies. He served as the Senior Counselor to the Chairman and Chief of the International Bureau of the Federal Communications Commission from 1994 to 1997. During this time the Commission completely revamped its global competition policies and worked intensively with USTR on forging a WTO agreement on basic telecommunications services.

Cowhey's newest book is Transforming Global Information and Communications Markets: The Political Economy of Change (MIT Press, 2009). Cowhey serves on the boards of the Grameen Foundation, the Institute of the Americas, and the California Council on Science and Technology. He is a member of the Council on Foreign Relations and the Pacific Council on International Affairs. Cowhey holds a bachelor's degree in foreign service from Georgetown University, and a master's and Ph.D. in political science from the University of California, Berkeley.



 

Beverly Armstrong

Ms. Armstrong serves as the Chief Financial Officer of International Relief & Development (IRD), having joined IRD in 2009. Founded in 1998, IRD has more than 40 international offices and an annual operating budget of $680 million, primarily funded by government grants. Her primary responsibilities include managing IRD’s financial and audit programming.

Before her service at IRD, Ms. Armstrong worked for more than 30 years in executive positions with many non-profit institutions, including Pathfinder International, University of Chicago, University of Illinois, Pacific/Asian American Mental Health Research Center, Metropolitan Planning Council, American Cultural Center of Baghdad, and American Bar Association. In addition, Ms. Armstrong spent several years as Chief Financial Officer for the Metropolitan Planning Council, Friends of the Parks, Corporation for Open Lands, Open Lands Project, Upper Illinois Valley Association and Wetlands Research Institute.

Ms. Armstrong earned a Master’s degree in Accountancy from DePaul University and a Bachelor’s degree in Political Science from the University of Chicago. She is also a Certified Public Accountant. Ms. Armstrong has a strong affinity for microfinance and the Grameen family of companies. While serving as CFO of Pathfinder International, the organization received a grant from GrameenPhone to expand health programming in rural areas. She lives in Arlington, VA, with her husband James (a Mesopotamian archaeologist) and their two daughters.

Bahram Vakil

Bahram Vakil has played a pivotal role in the history of Grameen Capital India (GCI) and Grameen Foundation in the sometimes tortuous regulatory environment of India. He and his staff at the prestigious law firm AZB Partners, in Mumbai, have contributed many hours of pro-bono legal assistance to help form GCI and Grameen Foundation India, in addition to providing the use of AZB’s offices and conference rooms for many meetings.

His depth and breadth of knowledge and relationships spanning the microfinance, regulatory and banking sectors have been huge contributing factors to the success of GCI, and in selecting board members for both GCI and GFI. Bahram has law degrees from Bombay University and Columbia University, is a member of the New York State Bar Association, and worked for two major law firms in the United States prior to returning to India in 1985, where he became a partner in one of the largest law firms in India before becoming a founding partner in 2004 of AZB & Partners.

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