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Mayor Rahm Emanuel today announced a dramatic expansion of the World Business Chicago board, which will now feature nearly 50 of the leading businesspeople in Chicago.
“The new board leadership and structure of World Business Chicago will strengthen its ability to attract new businesses and create jobs here,” said Mayor Emanuel. “The new structure will directly link World Business Chicago to the Mayor’s office, fostering close collaboration to advance Chicago as a global economic leader.”
Mayor Emanuel is chair of World Business Chicago’s board. Michael Sacks, CEO of Grosvenor Capital Management, L.P., will be the new Vice-Chairman of the World Business Chicago board.
“I am honored to be joining the board of World Business Chicago as Vice-Chairman,” Sacks said. “I look forward to working with the Mayor’s Office and the city’s private sector business community to bring jobs to Chicago and increase the economic vitality of the city.”
Under its new leadership, World Business Chicago will be focused on job creation and conducting economic development activities around the world on behalf of the city of Chicago. Each board member has been asked to work with the Vice-Chairman and staff of World Business Chicago to provide assistance with respect to opportunities to bring business to Chicago, to sell and promote Chicago and Chicago business around the world, and to provide ideas for economic development that enhance the city.
Sacks will represent World Business Chicago in the Mayor’s Office as the newest member of the Mayor’s Economic Council. On the Council, he will provide input on economic development strategies, job growth activities, and new business opportunities for the city, as part of an ongoing effort to align the city’s strategies with the current business climate.
The board members include CEOs and other top executives from around the city of Chicago.
“I thank Michael D. O’Halleran for his more than a decade of service as co-chair of World Business Chicago, and I am grateful he and 15 existing board members will continue to serve on the board,” Mayor Emanuel said.
The majority represent private sector companies, as public-private partnerships are a crucial focus of World Business Chicago. The new board is effective immediately.
The board of World Business Chicago is:
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