Press Release: Brandee McHale Named President of the Citi Foundation and Director of Corporate Citizenship for Citi

Monday, January 26, 2015

Today, Citi announced that Brandee McHale has been appointed President of the Citi Foundation and Director of Corporate Citizenship for Citi, effective February 1st. Ms. McHale will succeed Pamela Flaherty, who is retiring at the end of January after 46 years with Citi. Ed Skyler will remain Chairman of the Citi Foundation.

Ms. McHale will oversee the Foundation’s work to promote economic progress and improve the lives of people in low-income communities around the world. In 2014 alone, the Citi Foundation enabled 1.1 million people in 85 countries to work toward specific economic empowerment goals. Through investments in efforts that catalyze job opportunities for youth and reimagine approaches to building economically vibrant cities, the Foundation’s “More than Philanthropy” approach leverages the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation.

“Brandee has been instrumental in shaping Citi’s citizenship efforts, including leading the launch of the Citi Foundation’s innovative Pathways to Progress initiative, which over three years aims to help 100,000 low-income young people gain the skills that lead to long-term employment,” saidCiti CEO Michael Corbat. “Brandee will build on Pam’s strong legacy and continue the work of the Citi Foundation to promote economic progress and innovation in the communities that we serve.”

Ms. McHale first joined Citi in 1991, serving for over two decades in a variety of business management and philanthropy related leadership roles, including Director of Operations for Citi Community Capital, as a senior relationship manager in Citi’s then Community Relations and Community Reinvestment Act units and, most recently, as Chief Operating Officer of the Citi Foundation. From 2004-2007, Ms. McHale worked at the Ford Foundation, where she developed a portfolio of investments that supported the efforts of low-income households to achieve financial success and established a business case for financial inclusion. Ms. McHale serves on the board of the Corporation for Enterprise Development (CFED), Local Initiatives Support Corporation (LISC) and Living Cities.

Source: Market Watch (link opens in a new window)

corporate social responsibility, philanthropy, poverty alleviation