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January 12, 2015

Clinton Foundation CEO Departs, Hillary Aide Promoted

The Bill, Hillary, & Chelsea Clinton Foundation announced Friday that Eric Braverman is stepping down after 18 months as chief executive officer, Politico and The New York Times report. Mr. Braverman said it was "the right time for a new leader" at the philanthropy founded by former President Bill Clinton.

Maura Pally, a longtime aide to former Secretary of State Hillary Clinton, was named temporary CEO pending a search for a permanent replacement. She was also appointed the foundation's senior vice president for women and youth programs. Ms. Pally joined the organization with Ms. Clinton in 2013 after serving with her in the State Department.

Mr. Braverman, a former colleague of Chelsea Clinton at consulting firm McKinsey & Company, was hired in mid-2013 during a period of supposed internal tension and financial problems at the foundation. "Eric’s leadership helped us improve our governance structure, increase coordination across the foundation and build better internal processes," the Clinton family said in a statement.