Sunday, May 11, 2008
The May 9, 2008, issue of the Chronicle of Philanthropy announces that the nonprofit, Nature Conservancy, has hired a former investment manager as its new chief executive. In 2003, the Nature Conservancy was the subject of a series of investigative articles by the Washington Post that resulted in a Senate investigation into its business practices. Here is an excerpt from the article:
The Nature Conservancy today named an investment manager with a deep background in environmental issues to be its new chief executive.
Mark R. Tercek, 51, managing director at the investment firm Goldman Sachs and head of the firm’s Center for Environmental Markets, will replace Steven J. McCormick, who left the charity in October.
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The Nature Conservancy is also working to regain its momentum following a a 2003 investigation by The Washington Post into its business practices that sparked a Senate investigation and prompted the organization to restructure its board.
Given the Nature Conservancy’s size and complexity, some observers had speculated the organization would hire its new leader from within.
For the entire article, see "Nature Conservancy Hires Investment Banker as Its New Chief Executive," in the May 9, 2008, issue of the Chronicle of Philanthropy.