FOR IMMEDIATE RELEASE May 10, 2019
Linda Formella (202-565-3204)
Washington, D.C. – Spencer Bachus III and Judith DelZoppo Pryor have been sworn in as members of the board of directors of the Export-Import Bank of the United States (EXIM).
Pryor was sworn in today at EXIM headquarters in Washington, D.C. EXIM President and Chairman Kimberly A. Reed was sworn in yesterday at EXIM. Bachus also was sworn in yesterday in Alabama. All three EXIM board members were confirmed by the U.S. Senate on May 8, 2019, each by an overwhelming bipartisan majority of votes. The three confirmed appointments restore the quorum on EXIM’s board of directors, returning the bank to full functionality, which includes the capacity to authorize financing for transactions of more than $10 million.
Spencer Bachus III of Alabama was sworn in as a board member, with a term expiring in January 20, 2023. Mr. Bachus was a member of the U.S. House of Representatives from 1993 to 2015. He served as both chairman and ranking member of the House Financial Services Committee from 2008 to 2014, during the global financial crisis and its aftermath. Most recently, he was a partner of Bachus and Broom LLC.
Judith DelZoppo Pryor of Ohio was sworn in as a board member, with a term expiring in January 2021. Ms. Pryor has served as vice president, Office of External Affairs, at the Overseas Private Investment Corporation (OPIC), a self-sustaining U.S. government agency that helps American businesses invest in emerging markets. Prior to OPIC, she had a 20-year career working in international business.
Senate action is pending with respect to two additional nominees of President Donald J. Trump for positions on EXIM’s board:
Paul Shmotolokha of Washington State has been nominated to serve as first vice president for the remainder of a four-year term expiring in January 2021. Mr. Shmotolokha presently serves as a senior vice president leading the international division of Alpha Technologies Inc., a global provider of power solutions for the broadband and renewable-energy industries.
Claudia Slacik of New York has been nominated as a board member, with a term expiring in January 2023. Ms. Slacik previously served at EXIM Bank as the chief banking officer and senior vice president from September 2013 to May 2016.
ABOUT EXIM BANK:
EXIM 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.
For more information about EXIM, please visit www.exim.gov.