Boston, MA, 1 October 2024 — FCLTGlobal, a non-profit organization whose mission is to focus capital on the long term to support a sustainable and prosperous economy, announced today that Jeff Tate, Chief Financial Officer of Dow, Janet Truncale, EY Global Chair and CEO, Allyson Tucker, Chief Executive Officer of the Washington State Investment Board, and C.S. Venkatakrishnan, Group Chief Executive of Barclays, will join its board of directors effective 1 October 2024.
FCLTGlobal was founded in 2016 to develop actionable research and tools used to drive long-term value creation for savers and communities. Its members, comprised of the world’s leading companies and investment organizations, contribute to research initiatives and programs that promote long-term strategies for companies and investors worldwide.
“We are thrilled to welcome Jeff, Janet, Allyson, and Venkat to FCLTGlobal’s board of directors. Their deep expertise will help us continue to drive meaningful change in the global capital ecosystem,” said Sarah Keohane Williamson, FCLTGlobal’s Chief Executive Officer. “We look forward to their impactful contributions in shaping our organization’s future initiatives.”
In his role as Chief Financial Officer for Dow, Jeff is a member of the company’s executive committee that sets strategic direction, defines priorities, establishes corporate policy, and manages governance. Before rejoining Dow in late 2023, Jeff served as Chief Financial Officer and Executive Vice President of Leggett & Platt, a $5 billion diversified global manufacturer. Prior to his tenure at Leggett & Platt, Jeff served in various finance leadership roles at Dow, spanning a more than 25-year career with the company. He is also a member of the Board of Directors of Huntington Bancshares Inc.
“FCLTGlobal is an esteemed organization that has demonstrated a commitment to aligning strategy with long-term objectives. I am honored to join the board and believe that together we can advance our shared vision, set new standards of excellence, and contribute to a sustainable and more prosperous future for the business community,” said Tate.
Janet Truncale is the EY Global Chair and CEO, leading one of the world’s largest professional services organizations with nearly 400,000 people across 150 countries, and US $50b in revenues. Prior to her election, Janet served as EY Vice Chair and Regional Managing Partner of the EY Americas Financial Services Organization (FSO), where she led diverse teams of over 14,000 professionals in total across 90 offices. In her 30 years at EY, Janet has provided assurance and consulting services to leading Fortune 500 companies and worked with boards, audit committees and senior management to resolve complex business issues.
“I am proud to continue EY’s contribution to FCLTGlobal’s mission by serving on its board of directors. I look forward to finding ways to catalyze the important work the organization is doing to promote long-term value creation in the investment ecosystem and to build a prosperous and sustainable economy for all communities,” said Truncale.
Allyson Tucker is Chief Executive Officer of the Washington State Investment Board, which manages more than $205 billion for state retirement plans, insurance funds, and other public trust assets. Allyson joined the WSIB in 2009 and has 25 years of investment management experience. Prior to assuming her role as CEO in 2022, Allyson served as the agency’s Chief Investment Officer. She also served as head of the WSIB’s Risk Management and Asset Allocation team (from 2012-2019). Before joining the WSIB, Allyson worked for Cascade Investments and Ragen Mackenzie. She also serves on the Board of the Pacific Pension & Investment Institute.
“The WSIB has been involved with FCLTGlobal since its founding in 2016. I am honored to join this Board,” said Tucker. “I look forward to collaborating with FCLT’s dedicated team to drive meaningful positive change in the business community and for the beneficiaries we serve.”
C.S. Venkatakrishnan has been Group Chief Executive of Barclays since November 2021. Prior to his appointment as Group CEO, he served as Head of Global Markets and Co-President of Barclays Bank PLC. He has also served as Chief Risk Officer at Barclays. Before joining Barclays, he worked at JPMorgan Chase from 1994, where he held senior roles in Asset Management, Investment Banking, and Risk.
“It is a privilege to become a member of FCLTGlobal’s board. I am looking forward to collaborating with the FCLT team and to contributing to its vital mission of promoting long-term value and sustainable growth,” said Venkatakrishnan.
“On behalf of the Board of Directors of FCLTGlobal, we are delighted to welcome Jeff, Janet, Allyson, and Venkat. I am confident that their unique insights and expertise will enhance our governance and contribute to the continued success of our mission,” said John Graham, chair of FCLTGlobal’s board of directors and President and Chief Executive Officer of CPP Investments.
Alongside these three additions, Carmine Di Sibio, former EY Global Chairman and CEO, has come to the end of his board term. He will continue to work closely with FCLTGlobal as a Strategic Advisor.
“In today’s ever-changing investment landscape, adopting a long-term mindset and understanding the pressures across the investment value chain are more important than ever,” said Di Sibio. “I am grateful for the opportunity to continue to support FCLTGlobal’s mission, and I look forward to our ongoing collaboration.”
“I want to express my sincere thanks to Carmine for his efforts during his tenure on our board. His insights have been invaluable,” added Williamson.
FCLTGlobal’s full Board of Directors and Strategic Advisors can be found below:
| Board of Directors |
|---|
| Christopher J. Ailman, former Chief Investment Officer, CalSTRS |
| Raphael Arndt, CEO, Future Fund |
| John Graham (Chair), President and Chief Executive Officer, CPP Investments |
| Peter Harrison, Group Chief Executive, Schroders |
| Bernard Looney, former CEO, bp |
| Geraldine Matchett, former Co-CEO, CFO & Member of the Managing Board, Royal DSM |
| David Neal, Chief Executive, IFM Investors |
| Dilhan Pillay Sandrasegara (Vice Chair), Executive Director and CEO, Temasek Holdings |
| João H. Schmidt, CEO, Votorantim |
| Hein Schumacher, CEO, Unilever |
| Carine Smith Ihenacho, Chief Governance and Compliance Officer, Norges Bank Investment Management |
| Bob Sternfels, Global Managing Partner, McKinsey & Company |
| Jeff Tate, Chief Financial Officer, Dow |
| Janet Truncale, EY Global Chair and CEO |
| Allyson Tucker, Chief Executive Officer, Washington State Investment Board |
| C.S. Venkatakrishnan, Group Chief Executive, Barclays |
| Mark Wiedman, Head of Global Client Business, BlackRock |
| Sarah K. Williamson, CEO, FCLTGlobal (ex-officio) |
| Ronald Wuijster, CEO, APG Management |
| Lei Zhang, Founder and CEO, Hillhouse Capital Group |
| Strategic Advisors |
|---|
| Dominic Barton, Global Managing Partner Emeritus, McKinsey & Company |
| Else Bos, Non-Executive Director, IFM Investors; Non-Executive Director, Ortec Finance; and former Chair of Prudential Supervision, De Nederlandsche Bank |
| Natarajan Chandrasekaran, Chairman, Tata Sons |
| Carmine Di Sibio, former EY Global Chairman and CEO |
| Larry Fink, Chairman and CEO, BlackRock |
| Lady Lynn Forester de Rothschild, CEO, E.L. Rothschild, LLC |
| Adena Friedman, Chair and CEO, Nasdaq, Inc. |
| Alan Jope, former CEO, Unilever |
| Conor Kehoe, Senior Advisor and former Senior Partner, McKinsey & Company |
| Chow Kiat Lim, CEO, GIC |
| Kewsong Lee, CEO, BellTower Partners LLC and former CEO, Carlyle |
| Martin Lipton, Founding Partner, Wachtell, Lipton, Rosen & Katz |
| Andrew N. Liveris, Former Chairman and CEO, Dow Chemical and Chairman, Lucid Motors |
| Mark Machin, Co-Founder and Managing Partner, Intrepid Growth Partners; Co-Founder and Vice Chair, Opto Investments; and former President and CEO, Canada Pension Plan Investment Board |
| Nitin Nohria, Partner and Executive Chairman, Thrive Capital and former Dean, Harvard Business School |
| Paul Polman, Business leader, campaigner, and co-author of “Net Positive” |
| Kevin Sneader, Co-President of Asia Pacific Ex-Japan, Goldman Sachs |
| Howard Ungerleider, Former President and CFO, Dow |
| Mark Weinberger, Board Member, MetLife; Board Member, Johnson & Johnson; Board Member, Aramco |
| Theresa J. Whitmarsh, Former Chief Executive Officer, Washington State Investment Board |
| Mark Wiseman, Co-founder Emeritus |
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2 October 2023 - Boston, MA, 20 September 2023 – FCLTGlobal, the non-profit organization whose mission is to focus capital on the long term to support a sustainable and prosperous economy, announces that the California State Teachers' Retirement System (CalSTRS) has joined its network of member organizations. CalSTRS, the second-largest public pension fund in the United States and the largest educator-only pension fund in the world, brings with it a wealth of experience and a shared commitment to fostering sustainable, long-term value creation.