Calvert Group CEO Barbara Krumsiek Elected Chair of Meyer Foundation Board

March 15, 2010

The Eugene and Agnes E. Meyer Foundation, a private foundation in Washington, D.C., announced it has elected Barbara J. Krumsiek as chair of its board.

Ms. Krumsiek is chair, CEO and president of Calvert Group, Ltd., a leading investment management and mutual fund firm headquartered in Bethesda, Maryland. Calvert manages more than $14 billion in assets in more than 50 portfolios, including award-winning fixed income portfolios and a full family of sustainable and responsible equity mutual funds.

Before becoming Calvert’s CEO in 1997, she was managing director at Alliance Capital Management LP in New York, where she was responsible for mutual fund and variance insurance product lines worth more than $17 billion in assets.

Ms. Krumsiek is a recognized leader within the local business community. She was recently named one of the “Influential Marylanders for 2010” by The Daily Record. In 2009, she was inducted into the Washington Business Hall of Fame and was ranked among the “100 Most Powerful Women in Washington” by Washingtonian Magazine.

In addition to the Meyer Foundation, Ms. Krumsiek serves on the boards of Pepco Holdings, Inc., the Economic Club of Washington, D.C., and the Federal City Council. She also serves on the Women’s Advisory Board of the Girl Scout Council of the Nation’s Capital, an organization for which she has a personal affinity.

A native New Yorker, Ms. Krumsiek received a bachelor’s degree in mathematics from Douglass College, Rutgers University and a master’s degree in mathematics from the Courant Institute of Mathematical Sciences, New York University. She is a member of the Hall of Distinguished Alumni at Rutgers and holds an honorary doctorate from Georgetown University. She resides in Bethesda, Maryland with her husband, Bart Leonard, and their two daughters.

“Barbara will continue the Meyer tradition of superb board leadership,” said Julie L. Rogers, president and CEO of the Meyer Foundation. “We’ve already seen her strong leadership at work as chair of our investment committee. She is one of those rare individuals whose days are spent in the corporate world while being fully engaged as a dedicated volunteer in the nonprofit community.

Established in 1944 by Eugene Meyer, an owner and publisher of The Washington Post, and his wife Agnes E. Meyer, the Meyer Foundation is one of the Washington area’s oldest and most experienced private grantmaking foundations. The Meyer Foundation works to develop Greater Washington as a community by supporting capable, community-based nonprofit organizations that foster the well-being of all people in the region. The Foundation is especially concerned about low-income people and creating healthy neighborhoods, and seeks to promote the region’s diversity.