New Strategic Plan and Plans for a New CEO of Opportunity Fund

Posted on Jan 19, 2017 by Eric Weaver



Dear Opportunity Fund Friends and Supporters,
Opportunity Fund’s Interim and Incoming Board Chair, Greg Avis, and I are writing with tremendous excitement to share news of our new Strategic Plan with you and to let you know about exciting and important changes we’ll be making to our executive leadership team, including a long-planned change in my own role.

I started Opportunity Fund based on the idea that a little seed money and some good advice can drive permanent and lasting change. Over the past 24 years, we’ve helped tens of thousands of people make basic yet transformative improvements in their economic well-being. Over the next four years, guided by a new Strategic Plan that we will release next week, we will see our investments quadruple: Opportunity Fund plans to invest $500 million to drive economic mobility for 20,000 underserved entrepreneurs, students, and working families by 2020. As we scale our reach, Opportunity Fund will launch new technology platforms and begin to offer loans to underserved business owners nationwide.
As we move into this next phase of our growth, Opportunity Fund will hire a new Chief Executive Officer to lead the organization in delivering the money and advice that will transform 20,000 lives. It has been my dream to get us here for quite a while. And, as many of you know, after 24 years I have wanted to take on a less demanding role than the CEO position.

As we launch the search, and after it is complete, I will remain very active as a member of Opportunity Fund’s leadership.

The Board of Directors has hired Russell Reynolds Associates to help us in the search for a leader who shares our vision to build a more equitable financial system. Board Members Greg Avis, Jim Koshland, and Joni Cropper, along with Leadership Councilmember Debra Engel, will comprise the Search Committee. As the search commences, we will keep Opportunity Fund’s community updated, and we welcome your referrals of any exceptional candidates.

My work is not done here. Simply (happily), my responsibilities are changing. I am too much in love with our mission, our clients, and all of you who make up Opportunity Fund’s community to close this chapter of my life yet. Thank you for your continued support of Opportunity Fund and for investing in the dreams of hard-working people who are building a better future for themselves and their families.

Eric Weaver, Founder and CEO
Greg Avis, Interim and Incoming Board Chair

P.S. We will be reviewing our 2016 impact, sharing our new Strategic Plan, and discussing these leadership changes at Impact Meetings that will take place in person in February, and I invite you to join us there to learn more and discuss this with me further:

Comments (0)

Add a Comment

Allowed tags: <b><i><br>Add a new comment:


Blog Archives