Committee for Economic Development Announces New President & CEO

       Committee for Economic Development Announces New President & CEO

PR Newswire

WASHINGTON, Oct. 24, 2012

WASHINGTON, Oct. 24, 2012 /PRNewswire-USNewswire/ --The Committee for
Economic Development (CED), a non-profit, non-partisan business-led public
policy organization, is pleased to announce the selection of Steve Odland as
the new President & CEO of CED. He succeeds Charles Kolb who stepped down as
CED President in July.

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Mr. Odland has an extensive business background, serving as Chairman & CEO of
Office Depot, Inc. from 2005-2010; Chairman, President & CEO of AutoZone, Inc.
from 2001 until 2005; and President & CEO of Tops Markets, Inc. from 1998 to
2000. Most recently, Mr. Odland also served as an Adjunct Professor in the
graduate schools of business at Florida Atlantic University and Lynn
University.

"I am very pleased that Steve Odland has agreed to join CED as President and
CEO," notes Roger W. Ferguson, Jr., CED Co-Chair and President and Chief
Executive Officer of TIAA-CREF. "His experience as a CEO and deep interest in
public policy make Steve a natural leader for CED, an organization that seeks
to bring the best of business thinking to solving the nation's challenges."

"Steve Odland brings to CED an extensive background in business, leading major
companies through highly challenging economic environments," notes Don
Peterson, CED Co-Chair and Former Chairman and CEO of Avaya, Inc. "Steve long
has been an advocate for policies that promote and advance the business
community and economic growth."

Mr. Odland also possesses a strong policy background. From 2004 to 2006, he
was Chairman of the Business Roundtable's Corporate Governance Task Force.
Previously, Odland was a U.S. Presidential appointee as a Commissioner on the
National Surface Transportation Policy and Revenue Study Commission;a member
of theCommittee on Capital Markets Regulation; a U.S. Presidential
Appointeeon the Council on Service and Civic Participation; and a member of
the Advisory Council of the Institute for Corporate Ethics.

"I am honored to join the Committee for Economic Development, an organization
celebrating its 70^th year of addressing national priorities that promote
sustained economic growth and development to benefit all Americans," said
Odland. "I look forward to working with the CED Board, Trustees, staff and
partner organizations to move CED toward a century of championing sound policy
and advocacy around education, fiscal reform, corporate governance, investment
in the American workforce, and more."

Mr. Odland holds a bachelor's degree in business administration from the
University of Notre Dame and a master's degree in management from the Kellogg
Graduate School of Management at Northwestern University.

About CED
CED is a non-profit, non-partisan business-led public policy organization. CED
conducts research on major economic and social issues and actively informs and
engages the business community in an effort to achieve policy reform for the
good of the nation. Membership is made up of some 200 senior corporate
executives and university leaders who lead CED's research and outreach
efforts.

MEDIA CONTACT:
Sarabeth Stone
202.469.7831
Sarabeth.stone@ced.org

SOURCE Committee for Economic Development

Website: http://www.ced.org