OPIC Swears in Two New Board Members
Wednesday, February 20, 2013
OPIC President and CEO Elizabeth Littlefield, center, with new OPIC Board members James M. Demers and Naomi A. Walker.
WASHINGTON, D.C. – Elizabeth Littlefield, President and CEO of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has sworn in two members from the private sector to OPIC’s Board of Directors.
Both were nominated to the OPIC Board by President Obama and confirmed by the United States Senate. The new members are:
James M. Demers, President of Demers & Blaisdell, Inc., a government affairs firm in New Hampshire, and founder of The Demers Group. He is a member of the State of New Hampshire International Trade Advisory Committee and a former member of the New Hampshire House of Representatives.
Naomi A. Walker, an Assistant to the President at the American Federation of State, County and Municipal Employees (AFSCME). Prior to joining AFSCME in 2012, she was Director of State Government Relations and the Deputy Director of the Government Affairs Department for the AFL- CIO. Earlier she served as Associate Deputy Secretary of Labor in the Obama Administration.
“We are thrilled to welcome James Demers and Naomi Walker, two terrific representatives of the U.S. private sector, to OPIC’s Board,” said Ms. Littlefield. “Together they offer OPIC a depth of experience in labor and government relations, two fields critical to our work. I have every confidence that they will be important assets to OPIC.”
OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy. Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets catalyzing revenues, jobs and growth opportunities both at home and abroad. OPIC achieves its mission by providing investors with financing, guarantees, political risk insurance, and support for private equity investment funds.
Established as an agency of the U.S. Government in 1971, OPIC operates on a self-sustaining basis at no net cost to American taxpayers. OPIC services are available for new and expanding business enterprises in more than 150 countries worldwide. To date, OPIC has supported more than $200 billion of investment in over 4,000 projects, generated an estimated $75 billion in U.S. exports and supported more than 277,000 American jobs.