Renna Joins EXIM from a Top International Trade Position at the U.S. Department of Commerce
FOR IMMEDIATE RELEASE August 15, 2019
Kristin Rudman (202) 565-3201
Washington, D.C.– Kimberly A. Reed, president and chairman of the Export-Import Bank of the United States (EXIM), announced today that Stephen “Steve” M. Renna will become chief banking officer at EXIM.
Renna will oversee the execution of the trade financing solutions EXIM offers to empower exporters of U.S. goods and services and promote U.S. jobs. He will manage the Office of Board Authorized Finance, which provides medium- and long-term financing solutions to support U.S. exporters, and help direct the critically important Office of Small Business, which will continue to have a dual report to the chairman of EXIM. Renna also will lead a newly developed outreach initiative to broaden the number of American businesses utilizing EXIM financing opportunities to succeed in global export markets. As a top Trump administration official involved in international trade, Renna will work with the EXIM Board and senior leadership to best position EXIM to execute its mission of financing export opportunities for U.S. companies – both large and small.
For the past two years, Renna served as executive director of the Advocacy Center in the Department of Commerce. As the nation’s top advocate for American industries overseas, Renna led the U.S. government’s effort to support American companies in their bid to win public procurement contracts from foreign governments. During his tenure, the Advocacy Center helped U.S. companies secure nearly 200 foreign government contracts worth more than $140 billion in U.S. exports.
Prior to his position at Commerce, Renna was an executive in various commercial real estate trade associations. He is a specialist in tax law, finance and international business.
“We are delighted to bring Stephen Renna on board as the chief banking officer of EXIM,” said EXIM President and Chairman Kimberly A. Reed. “Steve brings to EXIM a valuable breadth of transactional, policy, management, and government experience. He will play a key leadership role in our effort to reform and reauthorize the bank so that we can successfully support and grow American exports and the good jobs they provide for millions of Americans.”
U.S. Secretary of Commerce Wilbur Ross, who also serves as an ex officio EXIM board member, said, “We will miss Steve and the expertise, perseverance in driving exports on behalf of American companies and management savvy he demonstrated at Commerce. But we look forward to working closely with him at EXIM to promote great American products and services throughout the world.”
“I am deeply honored for this opportunity to join EXIM and serve the U.S. companies and workers who benefit from the essential financing solutions EXIM provides,” added incoming EXIM Chief Banking Officer Stephen M. Renna.
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 agency’s authorizations has directly supported small businesses
For more information about EXIM, please visit www.exim.gov.