BUCKHANNON – A Buckhannon native and West Virginia Wesleyan graduate has been named to serve as president of the Export-Import (Ex-Im) Bank of the United States.
Kimberly A. Reed was confirmed by a vote of 79 to 17, making her the first woman and the first West Virginian to lead the Ex-Im Bank.
“I am incredibly grateful to President Trump for this opportunity to execute his agenda by growing jobs and helping U.S. businesses prosper. I am committed to ensuring that American workers can compete on a fair playing field in international trade. It is a tremendous honor to be appointed by President Trump and confirmed by the U.S. Senate to lead this distinguished mission,” said Chairman Reed.
She added, “I believe that freedom, in the form of free-market principles, is the best way to foster economic opportunity for all Americans. As we work together to reopen EXIM, I am dedicated to implementing positive reforms in advance of congressional reauthorization. This will allow us to achieve great results for U.S. workers, exporters, and the American taxpayer.”
Chairman Reed will participate in a ceremonial swearing-in at a date to be determined.
U.S. Senator Shelley Moore Capito issued the following statement after voting to confirm Reed to the post earlier this week.
“Through her devotion to rural America and our country’s small businesses, Kim has proven that she is an excellent choice to lead the Ex-Im Bank. She has a strong reputation with public- and private-sector leaders and among domestic and international stakeholders—especially when it comes to agriculture and economic development. I have no doubt that her experience will enable her to bring important ideas, skills, and perspectives to the bank; and I am confident she will be the kind of leader we need to enact much-needed reforms at Ex-Im.”
Reed most recently served as president of the International Food Information Council (IFIC) Foundation where she collaborated with the U.S. Departments of Agriculture and State to increase acceptance of U.S. exports in emerging market countries. At the U.S. Department of the Treasury, Reed headed the Community Development Financial Institutions Fund, where she oversaw the award of $4 billion in tax credits, loans, and grants to financial institutions and economic development groups investing in distressed communities across the nation. Reed also served as senior advisor to U.S. Treasury Secretaries John Snow and Henry Paulson. As counsel to three committees in the U.S. House of Representatives—the Ways and Means, Government Reform and Oversight, and Education and the Workforce Committees—she focused on oversight and reform of federal agencies. She was also vice president for Financial Markets Policy Relations at Lehman Brothers in New York.
The Export-Import Bank of the United States is the official export credit agency of the United States. It is an independent, self-sustaining agency of the Executive Branch with a mission of supporting American jobs by facilitating the export of U.S. goods and services.
Reed is recognized as one of the “100 Women Leaders in STEM” (Science, Technology, Engineering, and Math) and serves on several boards. She is the first woman chair of the Republican National Lawyers Association.
Reed earned her J.D. from West Virginia University College of Law in 1996, and B.S. in biology from West Virginia Wesleyan College.
The White House Press Office announced that President Donald J. Trump had nominated Kimberly Reed to serve as First Vice President of the Export-Import Bank of the United States on Sept. 15, 2017.