Washington, D.C.—Kimberly A. Reed, a 1996 WVU Law graduate, is the new president and chairman of the board of directors of the Export-Import Bank of the United States (EXIM).
The swearing-in ceremony took place at EXIM headquarters in Washington, D.C. Reed was sworn in by Joyce Stone, EXIM assistant corporate secretary and Ambassador Jeffrey D. Gerrish, EXIM’s former president and chairman (acting).
Reed was confirmed to EXIM’s top post by the U.S. Senate on May 8, 2019, by a bipartisan vote of vote of 79 to 17.
“I am incredibly grateful to President Trump for this opportunity to execute his agenda by growing jobs and helping U.S. businesses prosper. I am committed to ensuring that American workers can compete on a fair playing field in international trade. It is a tremendous honor to be appointed by President Trump and confirmed by the U.S. Senate to lead this distinguished mission,” said Reed.
She added, “I believe that freedom, in the form of free-market principles, is the best way to foster economic opportunity for all Americans. As we work together to reopen EXIM, I am dedicated to implementing positive reforms in advance of congressional reauthorization. This will allow us to achieve great results for U.S. workers, exporters, and the American taxpayer.”
Reed's appointment, in addition to two board members, returns EXIM to full governing functionality, which includes the capacity to authorize financing for transactions of more than $10 million.
Reed is a senior executive with a 23-year career that crosses a variety of sectors, leading efforts focused on job creation, trade, economic development, and government reform. She most recently served as president of the International Food Information Council (IFIC) Foundation where she collaborated with the U.S. Departments of Agriculture and State to increase the acceptance of U.S. exports in emerging market countries.
At the U.S. Department of Treasury, Reed headed the Community Development Financial Institutions Fund and also served as senior advisor to Treasury Secretaries John Snow and Henry Paulson. Reed focused on oversight and reform of federal agencies as counsel to three committees in the U.S. House of Representatives: Ways and Means, Government Reform and Oversight, and Education and Workforce Committees.
Originally from Buckhannon, West Virginia, Reed holds a J.D. from West Virginia University College of Law and a B.S. from West Virginia Wesleyan College.
EXIM Bank is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to overseas purchasers of U.S. goods and services. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, 90 percent of the total number of the bank’s authorizations has directly supported small businesses.
Since 2000, EXIM has sent $14.8 billion to the U.S. Treasury after paying for all of its administrative and program expenses.
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EXIM Bank Media contact: Linda Formella, 202.565.3204
Source: https://www.exim.gov/news/kimberly-reed-west-virginia-sworn-exim-president-and-chairman
