Welcome!

News Feed Item

Nobel Laureate Muhammad Yunus Names Andrea Jung to Lead Grameen America as President, CEO and Board Director

NEW YORK, April 4, 2014 /PRNewswire-USNewswire/ -- Andrea Jung has been named President, CEO and a director of Grameen America, the fastest-growing microfinance organization in the United States. Ms. Jung, the former Chairman and CEO of Avon Products, Inc. and longtime champion of women's issues, joins in April 2014. Founded by 2006 Nobel Peace Prize recipient Muhammad Yunus, Grameen America is dedicated to helping women who live in poverty build small businesses to create better lives for their families. Grameen America has provided more individuals and small businesses with microloans than any other organization in the United States. In a record achievement over the last five years, Grameen America's pioneer branch in Queens, NY reached sustainability, with interest income from loans covering operating expenses. This is the first microfinance organization in the United States to reach sustainability.

Andrea Jung joins Grameen America as President, CEO and Board Director

Professor Yunus, founder and Chairman, announced: "We are thrilled to have Andrea Jung join Grameen America as President and CEO. Andrea is uniquely qualified to accelerate our mission given her broad global experience and deep involvement over the past two decades in women's empowerment. At a time when conventional employment is increasingly out of reach for low-income women, Andrea is the ideal leader to support our rapid expansion of microfinance as a vehicle for social change."

Ms. Jung, the longest serving female chief executive in the Fortune 500, is respected as a trailblazer for women's empowerment. During her tenure, she was responsible for developing and expanding economic earnings opportunities to over six million women in over one hundred countries. Ms. Jung has been lauded globally for her dedication to empowering women through her pursuit of public-private partnerships to end violence against women and to stem the breast cancer epidemic. Under her leadership, the Avon Foundation for Women raised and awarded nearly $1 billion to support health and empowerment causes, becoming the largest women-focused corporate philanthropy around the world. Ms. Jung's efforts were recognized by the Clinton Global Initiative, which in 2010 honored her with the Clinton Global Citizen Award for her visionary leadership in solving pressing global challenges.

Andrea Jung stated: "I am excited to join Grameen America, a proven model for a scalable and powerful approach to solving the pressing issue of economic inequality in the United States. I have been deeply inspired by Professor Yunus' work fighting poverty and promoting social business, and am extremely honored to lead the organization as we utilize sustainable microfinance to break down economic barriers for women and their families. I look forward to bringing my experience and longstanding passion for improving the lives of women to help realize the profound impact of this vision."

About Andrea Jung

Andrea Jung is the former Chairman and Chief Executive Officer of Avon Products, Inc., where she served as CEO from 1999 through April 2012, and as Chairman from 2001 through December 2012. Ms. Jung was also the first female to serve as Chairman of the Cosmetic, Toiletry & Fragrance Association, and Chairman of the World Federation of Direct Selling Association.

Throughout her professional career, Ms. Jung ranked consistently among the top leaders on lists including Fortune magazine's "Most Powerful Women in Business," Forbes magazine's "Most Powerful Women in the World" and Financial Times' "Top Women in the World."

Ms. Jung is a graduate of Princeton University. She is a member of the Board of Directors of the General Electric Company, Apple, Inc. and Daimler AG.

About Grameen America

Founded by Nobel Peace Prize recipient Muhammad Yunus, Grameen America is a 501(c)(3) nonprofit microfinance organization dedicated to helping women who live in poverty build small businesses to create better lives for their families. The organization offers microloans, training and support to transform communities and fight poverty in the United States. Since opening in 2008, Grameen America has disbursed over $140 million in microloans to more than 23,000 women. Started in Jackson Heights, Queens, Grameen America has expanded within New York City and to Indianapolis, IN, Omaha, NE, the Bay Area, CA, Charlotte, NC, Los Angeles, CA, Boston, MA, Union City, NJ, San Jose, CA, Austin, TX and San Juan, Puerto Rico.  For more information please visit www.grameenamerica.org.

Twitter: @GrameenAmerica

Facebook: www.facebook.com/GrameenAmerica

Grameen America Logo

Photo - http://photos.prnewswire.com/prnh/20140404/DC98915
Logo - http://photos.prnewswire.com/prnh/20130515/DC14237LOGO

Media Contact
Becky Asch, Communications Manager
Email: [email protected] 
Phone: (212) 735-4031

SOURCE Grameen America

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...