WASHINGTON, DC (April 12, 2010) — To achieve lasting social impact, the intellectual capital a foundation invests can be as important as financial capital. That is why The Hitachi Foundation named its first Directors Emeriti: Sherry Salway Black, Charles Bowsher, and Joseph Kasputys.
"During their Board service and beyond, Sherry, Chuck, and Joe helped us build an intellectual framework and program strategy that is advancing the field of corporate citizenship," said Bruce MacLaury, Chairman of the Foundation. "Thanks in large measure to their efforts, The Hitachi Foundation is adding substance and depth to the idea that enlightened business practices can advance social as well as environmental sustainability. As the Foundation enters its second quarter century, it is appropriate to honor these three, and ensure that we continue to benefit from their experience and insights."
The Board of Directors of The Hitachi Foundation confers the honor of Director Emeritus to retired members of the Board who have demonstrated extraordinary commitment to the Foundation during and after their board tenure.
Joseph E. Kasputys is a founding Board member of The Hitachi Foundation, serving on the Board from 1985 to 2005. He served as Chairman from 1998 to 2005. Dr. Kasputys continues to advise the Foundation on investments, board succession, and strategic planning. He served as a member of the Yoshiyama Young Entrepreneurs Program Advisory Committee. Dr. Kasputys founded Global Insight, Inc. in March 2001 to join together the world's premier economic information and consulting firms, consisting of Data Resources (DRI) and WEFA (formerly Wharton Economic Forecasting Associates). Over the ensuing years, he acquired and integrated eight additional companies providing economic and business information. He served as Chairman, President and CEO until the sale of Global Insight to IHS, Inc. on October 10, 2008. Dr. Kasputys now serves as Chairman of IHS Global Insight. Dr. Kasputys was Chairman, President, and CEO of Primark Corporation from 1987 to 2000. He has served as Assistant Secretary of Commerce, Assistant Administrator of the U.S. Maritime Administration, and as the Deputy Director of the White House task force to deal with the OPEC oil embargo of 1973.
Sherry Salway Black was a member of The Hitachi Foundation Board from 1993 to 2006, serving as Chair of the Foundation's Strategic Planning Committee in 2003, Co-Chair of the Yoshiyama Award Selection Committee, and a member of the Audit and Finance Committee. After leaving the Board, she has continued as a member of the Audit and Finance Committee and chaired the Yoshiyama Young Entrepreneurs Program Advisory Committee. Currently the director of the Partnership for Tribal Governance initiative of the National Congress of American Indians, Ms. Black served for 19 years as the Senior Vice President of, and on the boards of directors for, the First Nations Development Institute and the First Nations Oweesta Corporation. Ms. Black serves on the board of directors of the Johnson Scholarship Foundation, First Peoples Fund, and the National Indian Child Welfare Association. She also serves on the advisory committee for the National Congress of American Indians' Policy Research Center, the Board of Governors for the Honoring Excellence in the Governance of Tribal Nations program at Harvard University, and the advisory committee for the Kellogg Foundation Food and Fitness Initiative. In addition to her board position with The Hitachi Foundation, her past board experiences include service on the boards of the Council on Foundations, the Trillium Asset Management Corporation, American Indian Business Leaders, Native Americans in Philanthropy, and Women and Philanthropy.
From 1997 to 2003, Charles Bowsher served as Chair of the Foundation's Audit and Finance Committee, and continued as a member of the committee after his term on the Board ended. He continues to serve as an advisor on all strategic issues related to investments and board succession. On September 30, 1996, Mr. Bowsher completed a 15-year term of office as the Comptroller General of the United States and head of the General Accounting Office (GAO). His appointment as Comptroller General by President Reagan in 1981 capped a background in both government and corporate endeavors. He was associated with Arthur Andersen & Company for 25 years, except for the years 1967 to 1971, when he served as Assistant Secretary of the Navy for Financial Management. His work in that role earned him Distinguished Public Service Awards from both the Department of the Navy and the Department of Defense. He has sat on the Board of Directors for myriad organizations, including American Express Bank, DeVry Inc., SI International, and the Washington Mutual Investors Fund. Mr. Bowsher is a trustee of the Center for Naval Analyses, the United States Navy Memorial Foundation, the Logistics Management Institute, the Concord Coalition, and the Washington Hospital Center. He serves on the advisory boards at several universities.
