Mayor Bill de Blasio has appointed Michael Schlein as chairman of the board of directors of the New York City Economic Development Corporation.
Mr. Schlein, a veteran of the financial services industry, currently serves as president and chief executive of Accion, a nonprofit microfinance firm. Previously, Mr. Schlein worked as president of International Franchise Management at Citigroup. Prior to Citigroup, Mr. Schlein gained public service experience as chief of staff of the U.S. Securities and Exchange Commission and served in economic development roles under Mayors Ed Koch and David Dinkins. He is a graduate of the Massachusetts Institute of Technology.
“New York City is powered by one of the strongest economic engines in the world—and our administration is committed to building an economic development agenda that helps lift up every resident. Michael knows first-hand how to develop economic initiatives that serve New Yorkers in every community and neighborhood—and I’m proud to bring him on as chair of NYCEDC,” Mr. de Blasio said in a statement announcing the appointment.
In his role as chair, Mr. Schlein will oversee the NYCEDC’s 27-member board of directors. He will replace Victor Ganzi, who has served on the NYCEDC’s board for 20 years and has been chairmain since 2009. Mr. Ganzi is the chairman of the board of directors of the PGA Tour.