ACCION International Names New Board Members and Officers; Nancy Sherwood Truitt Elected Chair.SOMERVILLE, Mass.--(BUSINESS WIRE)--July 23, 1998--ACCION International recently named new officers of its Board of Directors, and added two new board members. Nancy Sherwood Truitt, 57, senior advisor In some countries, a Senior Advisor is an appointed position by the Head of State to advise on the highest levels of national and government policy. Sometimes a junior position to this is called a National Policy Advisor. to the Tinker Foundation, Inc. and director of strategic training and communication for the International Center for Economic Growth, was elected chair. John W. Scott, 63, consultant to Corn Products International and former corporate vice president of CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. International, was elected vice chair. Ms. Truitt and Mr. Scott succeed Daniel R. Martin, 61, and Terence C. Canavan, 64, who served as co-chairs for the past nine years. A U.S. non-profit based in Somerville, ACCION ACCION Americans for Community Co-operation in Other Nations is dedicated to reducing poverty throughout the Americas by providing small loans and business training to "microentrepreneurs," poor and low-income people who struggle to better their lives by opening their own tiny businesses. Ms. Truitt has conducted training courses in strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and communications throughout the world. She has extensive experience working on policy issues with multinational business and research institutes in the developing world, particularly in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . In addition, she has written and edited several books and articles on international development. Ms. Truitt has been a member of the ACCION Board since 1992 and was formerly president of the board of ACCION New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Mr. Scott's experience includes 23 years working in Latin America with CPC International. He currently also serves on the board of the Dwight-Englewood School The Dwight–Englewood School (DES) is an independent coeducational college preparatory day school, located in Englewood, New Jersey, with an approximate enrollment of 1,000 students in prekindergarten through 12th grade. , of which he was president from 1993-1995. Mr. Scott has been a member of the ACCION Board since 1985. Two business leaders, Henrique de Campos Meirelles, 52, president and COO of BankBoston, and Rebeca de Vives, 49, president and COO of Revillon, were elected to the ACCION International Board. Mr. Meirelles joined BankBoston in 1974 as managing director of BankBoston Leasing. He subsequently held several positions with branches in Brazil, working as head of the commercial bank, regional manager, deputy country manager and president. He assumed his current position in 1996. Ms. de Vives first joined Revillon as a regional manager and worked as vice president of marketing, senior vice president of operations and executive vice president, before assuming her current position in 1995. A pioneer in microlending mi·cro·lend·ing n. See microcredit. , ACCION made its first small loan in Recife, Brazil in 1973. In 1997, operating in 13 Latin American countries and six U.S. cities, the ACCION Network disbursed $506 million in loans averaging $813; at year-end the ACCION Network had 342,000 active clients.
CONTACT: ACCION International
Robin Ratcliffe, 617/492-4930 x1235
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