A Nonprofit Leader Goes the Other Way
There was something of a man-bites-dog story in the Philadelphia Inquirer, my hometown paper, this morning:
Attorney and prominent social services advocate Alba Martinez said yesterday that she is resigning as president and chief executive of the United Way of Southeastern Pennsylvania to take a position overseeing college savings accounts at the mutual-fund giant Vanguard Group.
Martinez, 45, will replace John Heywood as director of Vanguard’s Education Markets Group, which runs the company’s “529″ college savings plans, said Vanguard spokeswoman Linda Wolohan. She will report to Heywood, who is being promoted.
Career movement typically goes in the opposite direction, with for-profit execs seeking more meaningful work and, occasionally, saner hours in the nonprofit sector. Ms. Martinez, though, plans to apply her mission-oriented focus to her new job, telling the Inquirer that her own difficulties paying for law school years ago led to her desire to take the Vanguard post. And Vanguard CEO John Brennan said that Ms. Martinez’s “experience with community-based programs, along with her energy and enthusiasm, make her a natural fit for our Education Markets Group, which seeks to ease the burden of college savings for America’s families.”
Now that, friends, is synergy. Kudos to Ms. Martinez for wanting to stretch her skills and expand her experience, and to Vanguard for recognizing that her impressive skill set could be applied nicely to one of its lines of business. | 501(c)
Tags: Alba Martinez, John Brennan, United Way of Southeastern Pennsylvania, Vanguard GroupRelated Stories
POSTED IN: Education, For-profit
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