PRESS RELEASE: Secretary Ross Announces Members of the Investment Advisory Council

ITA Public Affairs
FOR IMMEDIATE RELEASE Contact: Office of Public Affairs
August 12, 2019 202-482-3809


Council Advises the Secretary on Issues Affecting Business Investment and Economic Development

Washington - Secretary Ross today announced the names of 25 international business and economic leaders who will advise the Secretary of Commerce on how government policies and programs affect the United States’ ability to attract and facilitate business investment.

“President Trump’s pro-growth policies have helped the United States retain and expand its leadership in the global business environment,” Secretary Ross said. “The Investment Advisory Council will help us further develop, adapt, and expand policies to help U.S. and international firms recognize there is no better place to do business, grow, succeed, and create jobs.”

The Investment Advisory Council (IAC) was first chartered in 2016, and has made recommendations on issues including infrastructure investment priorities, improving U.S. workforce development initiatives, and creating/improving digital tools to support economic development. Many of these recommendations are being acted on by various arms of the Department of Commerce.

Three members of the IAC are reappointments from the initial class of members announced in 2016. The full membership list includes representatives of state and regional economic development teams, global businesses, and research institutions. The full member list is below:

  1. Mark Beariault, General Counsel, Kudelski Group
  2. Chris Camacho, President and CEO, Greater Phoenix Economic Council
  3. Richard Chin, Group EVP and Head of Global Development, SK Group
  4. Lisa Davis, Chairwoman and CEO, Siemens Corp USA
  5. Frank DiBello, President and CEO, Space Florida
  6. Thomas Dustman, International Sales Director, Sunnen Products Co.
  7. Jeff Finkle, President and CEO, International Economic Development Council
  8. Michael Graff, Chairman and CEO, American Air Liquide Holdings, Inc.
  9. Dan Hart, President and CEO, Virgin Orbit
  10. Kusum Kavia, President, Combustion Associates, Inc.
  11. Robert (Bob) LeFort, President, Infineon Technologies America Corp.
  12. Barry Matherly, President and CEO, Detroit Regional Partnership
  13. Nancy McLernon, President and CEO, Organization for International Investment
  14. Harry Moser, Founder and President, Reshoring Initiative
  15. Patrick Mulloy, Trade Lawyer, Office of Pat Mulloy
  16. Brendan O’Grady, Executive VP and Head of NA Commercial, Teva Pharma.
  17. Tom Osborne, Executive Director – Infrastructure, IFM
  18. Don Pierson, Secretary of Commerce, Louisiana Economic Development
  19. Steven Presley, Chairman and CEO, Nestle USA
  20. Signe Pringle, Assistant Secretary, Maryland Department of Commerce
  21. James Schellinger, Secretary of Commerce, Indiana Economic Development Corp.
  22. Jennifer Springer, Director, Int’ Trade & Foreign Investment, OK Dept. of Commerce
  23. David Steel, Executive VP, Corporate Affairs, Samsung Electronics America
  24. Jane Thomas, President, Teijin Group in America
  25. Jennifer Verdon, Int’l Business Manager, ID Department of Commerce

The United States is home to more foreign direct investment (FDI) than any other country in the world, with a total stock of FDI valued at more than $4 trillion, according to the latest data. FDI supports nearly 14 million American jobs, and was responsible for $370 billion in U.S. goods exports in 2016.

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