Washington DC – The Board of Directors of the National Foreign Trade Council announced today that Michael H. Jordan was unanimously elected to the position of Chairman of the NFTC, effective immediately. Jordan is a General Partner of Global Asset Capital, LLC, a venture capital firm, a partner of Beta Capital Group, LLC of Dallas, Texas, a trustee of the Brookings Institution, and former Chairman and CEO of CBS Corp., formerly Westinghouse Electric Corp.
“We are very happy to welcome Michael H. Jordan as the new Chairman,” said NFTC President William Reinsch. “He is a solid and proven leader who has been the guiding force in a number of successes in the private sector. His enthusiasm and expertise will serve the NFTC well.”
Jordan retired as Chairman and Chief Executive Officer of CBS Corporation (formerly Westinghouse Electric Corporation) on December 31, 1998 after having led one of the most comprehensive transformations of a major U.S. corporation. Before joining Westinghouse, Mr. Jordan was a partner with Clayton, Dubilier and Rice, a private investment firm based in New York City. Prior to that he spent 18 years with PepsiCo in a variety of positions, including President and Chief Financial Officer. From 1964 to 1974, Jordan was a consultant and principal with McKinsey & Company. Before entering the private sector, he served a four-year tour of duty with the U.S. Navy. A graduate of Yale University in 1957, Jordan received his MS in chemical engineering from Princeton University in 1959.
“With the economy in its current state, it’s crucial that we support and promote international trade and engagement – making NFTC’s work ever more important in helping to promote economic growth and vitality,” said Jordan. “These are issues worth fighting for, and I look forward to the challenge.”
Mr. Jordan succeeds Richard J. Swift, Chairman & CEO of Foster Wheeler Corporation who served as NFTC Chairman for three years and was honored at the NFTC’s Annual Dinner on October 10 in New York City.
Contact: Eric Thomas