Yohannes nominated for Obama administration anti-poverty post – by Mark Harden (Denver Business Journal)

September 22nd, 2009 Print Print Email Email

Longtime Denver banker Daniel Yohannes has been nominated by President Barack Obama to serve as CEO of the Millennium Challenge Corp., a federal agency that works with poor nations, the White House announced. (more…)

Longtime Denver banker Daniel Yohannes has been nominated by President Barack Obama to serve as CEO of the Millennium Challenge Corp., a federal agency that works with poor nations, the White House announced.

The MCC works with developing countries to promote economic growth and reduce poverty. If confirmed by the U.S. Senate, Yohannes will succeed John Danilovich, who resigned as the agency’s CEO; Darius Mans has been acting CEO.

Yohannes is president and CEO of M&R Investments, a private investment firm that focuses on the clean-energy sector.

He was an executive of Colorado National Bank and its successor, U.S. Bank, from 1992 to 2003, including a stint as CEO of U.S. Bank’s Colorado division. Previously he was an executive for Security Pacific Bank, now part of Bank of America.

Yohannes, a native of Ethiopia, was a key organizer of local efforts to host the 1997 “Summit of the Eight” conference of world leaders in Denver.

He served as co-leader of Colorado Gov. Bill Ritter’s transition team in the months before Ritter took office in 2007 and has since been a member of the governor’s Jobs Cabinet.

Yohannes has been active on nonprofit boards, including those of the Denver Art Museum, Project C.U.R.E. and National Jewish Health.

Ritter congratulated Yohannes in a statement Tuesday.

“Daniel came to America as a teenager with $150 to his name and a desire to make a difference. “Over the years, he has become one of Colorado’s most successful business leaders. He has also become a close friend, and I know his skills, expertise and dedication will serve him well in his new fight against global poverty. I encourage the Senate to confirm the nomination as quickly as possible.”

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