The White House has re-nominated Fred P. Hochberg to president of U.S. Export-Import Bank for a term expiring Jan. 20, 2017.
Under Hochberg’s leadership in fiscal year 2012, Ex-Im Bank for the fourth-straight year set export finance records in a number of key areas. Overall financing for the first time exceeded $35.8 billion in authorizations, which supported more than 255,000 American jobs. The bank worked with more than 3,400 U.S. companies, 85 percent of which were small businesses.
“We look forward to Chairman Hochberg’s continued leadership and expect strong growth in U.S. exports and increased competitiveness of U.S. companies under his guidance. We believe that the chairman’s second term as president of the bank will be even more successful than his first and we look forward to what the future holds for the bank and U.S. exports,” said John Hardy, president of the Coalition for Employment through Exports, in a statement.
President Obama nominated Hochberg to Ex-Im Bank president on April 20, 2009. The Senate confirmed his nomination on May 14 that same year for a term ending Jan. 20, 2013.
From 2004 to 2008, Hochberg was dean of Milano, The New School for Management and Urban Policy in New York, and from 1998 to 2001, he served as deputy, then acting administrator of the Small Business Administration (SBA). Prior to his service at SBA, Hochberg was the long-time president and chief operating officer of the Lillian Vernon Corp.
Hochberg is a past board member of the Port Authority of New York and New Jersey, the Citizens Budget Commission, and FINCA International Micro Finance. He was also an appointed representative to the New York State Financial Control Board.