FCLT transforms into not-for-profit global organization
Sarah Keohane Williamson has accepted the role of inaugural Chief Executive Officer
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. I look forward to working with all members on the future vision and strategy of FCLT
Focusing Capital on the Long Term (“FCLT”) announced on July 26 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.
Entity dedicated to promoting long-termism
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.
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."
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.
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.