Focusing Capital on the Long Term (FCLT), a non-profit initiative that aims to encourage businesses and investors to adopt a long-term approach, has appointed its first chief executive officer.
Focusing Capital on the Long Term, founded, among others, by Tata Sons Ltd and McKinsey and Co., said that it had appointed Sarah Keohane Williamson, 52, as chief executive officer.
Williamson comes to Focusing Capital on the Long Term after over 21 years at Wellington Management Co. Llp, where she was most recently a partner and director of alternative investments.
She will lead Focusing Capital on the Long Term’s transformation into “a not-for-profit global organization dedicated to developing practical tools and approaches that encourage long-term behaviours in business and investment decision-making,” the organization said in a statement.
FCLT has been founded by the Canada Pension Plan Investment Board (CPPIB), BlackRock Inc., Dow Chemical Co., McKinsey and Tata Sons.
“FCLT’s goal is to become a hub for ideas and a resource for those who want to implement longer-term behaviours among investment and business professionals,” Williamson said in the statement.
“I look forward to working with all members on the future vision and strategy of FCLT.”