FOR IMMEDIATE RELEASE March 24, 2003
Andrew Yarrow (202) 565-3200
Philip Merrill, chairman and president of the Export-Import Bank of the United States (Ex-Im Bank), announced today the appointment of James H. Lambright as executive vice president. In this role, Lambright will oversee many of Ex-Im Bank's program, policy, operational, and management matters.
Jim Lambright is an excellent man with first-rate conceptual and administrative abilities, Merrill said. Jim has the indispensable quality of sound judgment, and he clearly has the capacity for handling major responsibility. I'm pleased to have his help in furthering the Bank's mission of creating and maintaining U.S. jobs through financing exports.
Lambright has been at Ex-Im Bank since July of 2001. He has served the Bank in a number of roles, most recently as senior advisor to Ex-Im Bank's board of directors. Lambright has also headed both the Credit and Risk Management group and the Public Affairs group in an acting capacity.
Lambright came to Ex-Im Bank from Credit Suisse First Boston Corp. in Los Angeles, Calif., where he was vice president, private equity. A native of St. Louis, Mo., Lambright graduated with honors from Harvard Law School and received a bachelor of arts in linguistics from Stanford University.
Ex-Im Bank is an independent U.S. government agency that assists in financing the export of U.S. goods and services to markets around the world, through export credit insurance, loan guarantees, and direct loans. In fiscal year 2002, Ex-Im Bank authorized financing to support nearly $13 billion in U.S. exports worldwide.