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Eric Doppstadt Designated to Succeed Linda Strumpf as Chief Investment Officer of the Ford Foundation in 2009
NEW YORK, 26 September 2008 — The Ford Foundation Board of Trustees announced today that Eric W. Doppstadt has been designated to succeed Linda B. Strumpf when she retires as the foundation's vice president and chief investment officer in 2009. Mr. Doppstadt has worked on the Ford Foundation's investment team for nearly 20 years, currently serving as director of Private Equity Investments.
Ms. Strumpf announced in May that she would retire in 2009 after 28 years of service to the foundation, consistent with the plan she outlined to the foundation some three years ago. She will continue to serve as vice president and chief investment officer until next summer.
The board of trustees, which generally elects foundation officers once a year at the annual meeting in January, will formally elect Mr. Doppstadt in January 2009.
Mr. Doppstadt currently manages the foundation's $1.7 billion private equity portfolio. He also serves on the investment advisory boards of numerous private equity and venture capital funds.
He previously served as a manager and senior manager within the foundation's private equity unit. He joined the Ford Foundation in 1989 as resident counsel to the investment team.
Mr. Doppstadt received his undergraduate degree in social science from the University of Chicago, studied international economics at the Walsh School of Foreign Service at Georgetown University, and received a law degree from NYU School of Law. He also holds the Chartered Financial Analyst designation from the CFA Institute.
The Ford Foundation is an independent, nonprofit grant-making organization. For more than half a century it has worked with courageous people on the frontlines of social change worldwide, guided by its mission to strengthen democratic values, reduce poverty and injustice, promote international cooperation, and advance human achievement. With headquarters in New York, the foundation has offices in Latin America, Africa, the Middle East, and Asia.