Focusing Capital on the Long Term (FCLT) today appointed Sarah Keohane Williamson as its first CEO.
FCLT's founders include BlackRock, Canada Pension Plan Investment Board (CPPIB), The Dow Chemical Company, McKinsey & Company and Tata Sons.
"Williamson will lead FCLT's transformation from an initiative formed in 2013 by CPPIB and McKinsey & Company to a not-for-profit global organization dedicated to developing practical tools and approaches that encourage long-term behaviors in business and investment decision-making," a release said.
In addition to the Founders, FCLT will involve a number of other member organizations committed to achieving long-term tangible actions that benefit businesses, markets and society more broadly.
"I am honored to join FCLT as its first CEO and to continue driving its strong momentum as the initiative grows into an independent entity. FCLT's goal is to become a hub for ideas and a resource for those who want to implement longer-term behaviors among investment and business professionals," said Williamson.
Williamson, 52, joins FCLT after over 21 years at Wellington Management Company LLP, where she was most recently a Partner and Director of Alternative Investments.
FCLT is a not-for-profit organisation that aims to develop educational resources and practical solutions that encourage longer-term behaviors in the investment and business worlds to drive long-term value creation and economic growth.
