The Tony Elumelu Foundation appoints Whitlock new chief executive

The board of trustees of The Tony Elumelu Foundation has announced the appointment of Reid E. Whitlock, a professor, as chief executive of the foundation, commencing February 15, 2015. Whitlock’s appointment follows Wiebe Boer, the inaugural chief executive of the foundation, becoming director of strategy at Heirs Holdings, Elumelu’s pan-African proprietary investment company. Founded in 2010 by serial entrepreneur and philanthropist, Tony O. Elumelu, the foundation is Africa’s leading advocate for entrepreneurship, responsible for programmes designed to ensure that entrepreneurs and entrepreneurship become the primary driver of Africa’s economic growth and social transformation. Whitlock brings thirty years of experience as a business school rector, diplomat, entrepreneur, strategy consultant and advisor to leaders in Africa, Asia and the Middle

East on economic development. He received his Ph.D. and law degree from the Fletcher School of Law and Diplomacy at Tufts University. He also holds a Masters of Business Administration from Harvard Business School and is a cum laude graduate of Princeton University. Commenting on Whit- lock’s appointment, founding patron of the foundation, Michael Porter, a professor, said, “Tony’s commitment to African entrepreneurship is unshakeable and I salute his appointment of Professor Whitlock as the CEO of his foundation. Professor Whitlock has unique experience in driving competitiveness and entrepreneurship growth in Africa, including in Rwanda that has achieved remarkable progress. I look forward to continuing to support Tony, as he furthers Africa’s revival through the great work of the Tony Elumelu Foundation.”

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President Paul Kagame of Rwanda stated, “I am de- lighted to hear of Reid Whit- lock’s appointment as the CEO of Tony’s Foundation. Reid’s work was instrumental in improving Rwanda’s public sector service delivery, competitiveness, and business education. As CEO of The Tony Elumelu Foundation, he now has a unique platform to ensure this work continues across Africa.” Tony Elumelu, founder and chairman of the board of trustees, said, “As Dr. Boer becomes director of strategy for Heirs Holdings, I want to thank him for the leadership he has provided, helping transform The Tony Elumelu Foundation from just an idea into a preeminent global philanthropic institution. I welcome Professor Whit- lock, who brings consider- able global experience in the private, public, and academic sectors, which will significantly assist in realising the mission of The Tony Elumelu Foundation, in empowering Africa’s next generation of entrepreneurs and driving the continent’s economic and social transformation.”

Speaking on his appointment, Whitlock stated, “I am honoured by the opportunity the board of trustees has given me. I am excited to join such a dynamic institution, with a truly pan- African focus and an ambitious agenda. I look forward to leveraging my extensive experience and networks to further help the foundation achieve its important goals.” Whitlock will focus on supervising the foundation’s four key projects and programmes: The $100 million pan-African Tony Elumelu Entrepreneur- ship programme – Africa’s largest direct intervention in support of entrepreneurship; the Africapitalism Institute, the foundation’s policy and research arm, which provides a rigorous programme of research and advocacy, in support of the foundation’s goals; the Elumelu Nigeria Empowerment Fund, directly assisting, through private sec- tor strategies, conflict affected and disadvantaged communities across Nigeria; and the Tony & Awele Elumelu Prize, which champions academic excellence on the African continent.