OPIC Swears In New Board Member
July 10, 2019
WASHINGTON – David Bohigian, Acting President and CEO of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has sworn in a new member to serve on OPIC’s Board of Directors, Christopher P. Vincze.
“We are pleased to welcome Mr. Vincze to OPIC’s Board of Directors at such an important time for the agency,” said OPIC Acting President and CEO David Bohigian. “Mr. Vincze’s background spans insurance, engineering, construction management, and environmental solutions, which will bring a diverse and skilled viewpoint to the Board.”
Irving W. Bailey II was also sworn in today. The new members were nominated to the OPIC Board by President Donald J. Trump and confirmed by the United States Senate on June 13, 2019.
OPIC is preparing to transform into a new, modernized agency called the U.S. International Development Finance Corporation (DFC) in October. Equipped with a more than doubled investment cap of $60 billion and new tools like equity authority, the DFC will have more resources to invest in the least developed countries around the world.
Read more about the new Board member:
Christopher P. Vincze
Mr. Vincze has served as Chairman and Chief Executive Officer of TRC Companies, Inc., since January 2006. Prior to that, Mr. Vincze was the company’s Chief Operating Officer since May 2005. Mr. Vincze is responsible for oversight of the strategic direction of the Company and leads the firm’s Executive Management Team to execute the Company’s vision in the continuous effort to deliver value to its customers, and employees. Over the past 14 years, Mr. Vincze and the firm’s Executive Management Team have restructured and repositioned TRC as a leading provider of engineering, consulting, and construction management services to the Power, Environmental, Oil & Gas, and Infrastructure markets.
Prior to joining TRC, Mr. Vincze served as Managing Director at Marsh, Inc., the $5.5 billion risk and insurance services units of Marsh & McLennan Companies (NYSE:MMC). While at Marsh, he led the firm’s Corporate Environmental Practice and worked closely with other Marsh National Practices, including Construction, Transportation, and Real Estate. In addition, Mr. Vincze participated in many MMC Capital and Corporate integration and growth programs. Before joining Marsh, he was President and COO at ATC Group Services, Inc., a $155 million, 1,700 employee engineering and environmental consulting company based in Woburn, Massachusetts. Additionally, Mr. Vincze has served on a number of Boards and participated in policy activities related to infrastructure, energy and environmental issues.
The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. Established in 1971, OPIC provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advances U.S. foreign policy and national security priorities. OPIC helps American businesses gain footholds in new markets, catalyzes new revenues and contributes to jobs and growth opportunities both at home and abroad. OPIC fulfills its mission by providing businesses with financing, political risk insurance, advocacy and by partnering with private equity fund managers.
OPIC services are available to new and expanding businesses planning to invest in more than 160 countries worldwide. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States.