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New OPIC President outlines a vision for the Agency

Ray W Washburne, OPIC, Overseas Private Investment Corporation, foreign policy, women initiative, confirmed by US Senate


“I’m here and I’m ready to work,” OPIC President and CEO Ray Washburne told OPIC staff Tuesday during a meeting where he outlined his vision for the Agency.

Washburne, a longtime Texas-based investor who was confirmed by the U.S. Senate earlier this month as the eleventh President and CEO of OPIC, said he was encouraged by the speed with which the Agency’s new leadership has been put in place. In addition to Washburne and David Bohigian, who was also confirmed earlier this month as OPIC Executive Vice President, OPIC’s new executive team includes Edward Burrier, Vice President, Office of External Affairs; and William Doffermyre, Vice President and General Counsel.

“We’re ready to run,” said Washburne, who is planning to travel around the U.S. to engage with OPIC’s businesses and investor partners, Congress and other stakeholders. In addition to highlighting the positive impact of OPIC’s work supporting development through private investment, Washburne said he plans to take a hands-on approach with OPIC’s pipeline of projects and its innovative financial tools.

During a brief address to OPIC’s team, Washburne spoke of his family, his extensive experience in business and his travels to Africa. He described how he put himself through college selling carpet door to door, and went on to head a series of successful businesses, most recently serving as President and CEO of the Dallas real estate company Charter Holdings. He’s also served on the loan committees of several banks, infrastructure, construction and manufacturing businesses, and he recently funded the construction of a new K-12 school in Zambia’s capital, Lusaka.

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