Braverman Out As CEO At Clinton Foundation

January 9, 2015       Mark Hrywna      

Bill, Hillary & Chelsea Clinton Foundation Chief Executive Officer Eric Braverman is out after just 18 months with the organization.

Maura Pally was appointed senior vice president, women and youth programs, and will serve as acting CEO as the board of directors searches for a permanent chief executive. She will resume her duties as senior vice president once a permanent CEO is selected, according to the organization.

Pally previously was executive director for the Office of Hillary Rodham Clinton at the Clinton Foundation, guiding strategic director, program development and engagement efforts focused on women and girls, employment, and young children. She joined the foundation from Bloomberg Philanthropies where she provided “strategic direction for programmatic activities and oversight of operational management.”

The website Politico described Braverman as “struggling in recent months, according to multiple sources with knowledge of the foundation’s internal workings – but a change in leadership was expected prior to a potential (Hillary) Clinton presidential campaign.”

The New York Times reported that Secretary Clinton said Pally does not necessarily want to work on the 2016 presidential campaign, should she run, but will remain a key adviser.

Via a statement, Braverman thanked the President Clinton, Secretary Clinton and their daughter, Chelsea, for the opportunity to serve the foundation, as well as staff and partners of the organization. “I’m incredibly grateful for the opportunity to have worked at the Clinton Foundation and have been inspired by the tireless work of our staff around the world to impact and improve the lives of millions of people,” he said.

The Clintons cited Braverman’s leadership for helping to improve the “governance structure, increase coordination across the foundation and build better internal processes,” while also putting the use of data “front and center” to better measure the impact of the foundation’s work.

Pally is a former manager of politics and public policy at Oxygen Media, managing on-air and online efforts to engage women in the political process and served as special assistant in the Office of White House Counsel under President Clinton. She holds a B.A. from Brown University and a J.D. from the University of Southern California.

A graduate of Yale University and Yale Law School, Braverman was appointed in July 2013, succeeding Bruce Lindsey, who served as CEO since 2004 and has remained as chairman of the board. The New York Times last year described Chelesa as having “ostensibly taken over the foundation,” playing a key role in hiring Braverman, who was a colleague at McKinsey & Co.

The foundation reported total revenue of $295 million on its 2013 consolidated statement of activities, ranking No. 53 in The NonProfit Times’ NPT 100, an annual survey of the nation’s largest nonprofits.