Ford Foundation’s President to Depart in September
Submitted by Steve on March 6, 2013
From Caroline Preston at The Chronicle of Philanthropy:
Luis Ubiñas, a former McKinsey & Company executive whose 2007 appointment to lead the Ford Foundation came as a surprise to many in philanthropy, announced yesterday that he will step down from the post in September. During his tenure, Mr. Ubiñas refocused the 77-year-old foundation’s grant-making programs and oversaw sharp staff cuts amid the recession.
Mr. Ubiñas has not said what he will do next.
In a statement posted on Ford’s Web site, he expressed appreciation for the chance to lead the foundation and said he “had learned so much.”
“One of the hardest things for a leader is to know when to step down,” he wrote. “I believe it is when he has given as much as he can to the institution he leads. After a period of profound transformation, both in our society and at the Ford Foundation, that moment has come for me.”