The Victory Fund has learned President-elect Barack Obama will tap Fred Hochberg to chair the Export-Import Bank of the United States, which serves as the country’s official export credit agency, helping to finance the export of U.S. goods and services to international markets. Hochberg will be the bank’s first-ever openly gay chair.
The LGBT community’s Presidential Appointments Project has been working with the Obama-Biden Transition Team to identify qualified openly LGBT Americans who are willing to serve their country as presidential appointees. Hochberg, who was appointed to head the Small Business Administration by President Bill Clinton, has been mentioned for several high-level positions in the Obama administration.
“This is very good news. Fred Hochberg’s talent and business acumen will serve U.S. companies well. But he will also set an important example as an openly gay person in a top leadership position in the business community,” said Chuck Wolfe, president and CEO of the Victory Fund.
Barack Obama will appoint thousands of executive branch employees throughout his term. To date, nearly 1,500 individuals have applied through the community’s Presidential Appointments Project.