Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Gates Foundation Hires UC San Francisco Chancellor as CEO

Don't Miss Out —
Follow us on:

Dec. 17 (Bloomberg) -- The Bill & Melinda Gates Foundation hired Susan Desmond-Hellmann, currently the chancellor of the University of California at San Francisco, as chief executive officer.

Desmond-Hellmann, an oncologist by training who has led the university since 2009, starts on May 1 and replaces Jeff Raikes, who announced his retirement in September after five years at the Gates Foundation. Prior to becoming the first female chancellor of the university, Desmond-Hellmann was president of product development at drugmaker Genentech Inc., the South San Francisco, California-based unit of Roche Holding AG.

“Sue’s background in public health policy, research and development and higher education make her an exceptional fit for this role,” said Bill Gates, chairman and cofounder of Microsoft Corp., who started the foundation with his wife in 1997. “She impressed us as an innovator and an outstanding leader and manager.”

The Gates Foundation, which is based in Seattle and had an endowment of $40.2 billion as of Sept. 30, has funded research and programs for some of the world’s biggest public health problems, including nutrition, infection and hunger. It also funds education and information technology projects in the U.S.

To contact the reporter on this story: Michael McDonald in Boston at mmcdonald10@bloomberg.net

To contact the editor responsible for this story: Lisa Wolfson at lwolfson@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.