RAND Corporation Board of Trustees Elects New Members

For Release

October 28, 2011

Three leaders with broad backgrounds in public service and business have been elected to the RAND Corporation Board of Trustees, RAND President and CEO James A. Thomson announced today. The new members are transportation and highway administrator Mary E. Peters, investor David K. Richards and health care leader Leonard D. Schaeffer.

The new members will join the nonprofit research institution's Board of Trustees at its November 2011 meeting.

"These new trustees are each leaders in their field, and we expect that their guidance will help ensure that RAND continues to provide objective analysis to policy and decisionmakers in all corners of the world," Thomson said.

Mary E. Peters is the principal of Mary Peters Consulting Group, LLC, an organization dedicated to finding new and better ways to finance and build American infrastructure. She served as U.S. Secretary of Transportation from 2006 to 2009, and before that was administrator of the Federal Highway Administration. In addition, she has held leadership posts with an engineering firm and served as director of the Arizona Department of Transportation.

David K. Richards is a private investor based in Santa Monica. In prior years, he was a professional investment manager of mutual funds, pension funds and endowments with PRIMECAP Management and the American Funds of The Capital Group. At RAND, he also serves on the RAND Health Board of Advisors and the advisory board of the RAND Center for Middle East Public Policy.

Leonard D. Schaeffer is a senior advisor at TPG Capital and is the Judge Robert Maclay Widney Chair and Professor at the University of Southern California. He was the founding chairman and chief executive officer of WellPoint, the largest health insurance company in the United States, from 1992 through 2004. His public service includes serving as administrator of the U.S. Health Care Financing Administration (now the Centers for Medicare and Medicaid Services).

On Nov.1, 2011, Michael D. Rich will succeed Thomson as RAND's president and CEO. "These distinguished individuals bring enormous wisdom and experience to their roles as volunteer leaders with RAND," Rich said. "I look forward to working with them and the entire Board of Trustees to build upon RAND's exceptional legacy, and extend the impact of our research and analysis."

About the RAND Corporation

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