News Release

Brookings Elects New Trustees

November 10, 2000

The Board of Trustees of the Brookings Institution has elected three new members. Ann Fudge of Kraft Foods, Michael Jordan of Luminant Worldwide Corporation and eOriginal, Inc., and Leonard Schaeffer of WellPoint Health Networks, Inc., were approved by the board at its October 30 meeting.

“It is a privilege to welcome these three talented individuals to the board,” said James A. Johnson, the chairman of the board. “I look forward to working with them.”

“These new members of the board bring a valuable range of expertise in private industry and government to our organization,” said Brookings President Michael H. Armacost.

Ann M. Fudge is group vice president of Kraft Foods and president of the Beverages, Desserts & Post Divisions. She is also a member of Kraft’s management committee. Fudge joined General Foods in 1986 following nine years at General Mills, where she was the marketing director.

Fudge serves on several boards of directors, including Honeywell International, General Electric, and the Federal Reserve Bank of New York. She is on the Board of Governors of Boys and Girls Clubs of America as well as a member of The Committee of 200, The Council on Foreign Relations and the Executive Leadership Council.

She has been profiled in Black Enterprise and The New York Times, and named by Fortune magazine as one of the 50 most powerful women in American business.

Fudge graduated from Simmons College and earned her M.B.A. from Harvard University’s Graduate School of Business.

Michael H. Jordan, chairman of Luminant Worldwide Corporation, a leading provider of Internet and electronic commerce professional services, is also chairman and CEO of eOriginal Inc., an electronic commerce company.

In addition to his executive duties, Jordan chairs the Subcommittee on Export Administration of the President’s Export Council, is a member and former chairman of the U.S.-Japan Business Council, and chairs The College Fund/UNCF and the Policy Board of the Americans for the Arts.

Jordan serves on the boards of Aetna, Inc., Dell Computer Corporation,, and Young & Rubicam Inc. He is also co-vice chairman of the board of Clariti Telecommunications International, Ltd. and serves on the boards of several smaller, privately held companies.

In 1998, Jordan retired as chairman and chief executive officer of CBS Corporation (formerly Westinghouse Electric Corporation). Before that he was a partner with Clayton, Dubilier and Rice, a New York-based private investment firm, and spent 18 years with PepsiCo, where his last position was Chief Executive Officer of PepsiCo International.

Jordan graduated from Yale University in 1957 and received his M.S. in chemical engineering from Princeton in 1958.

Leonard D. Schaeffer is chairman and CEO of WellPoint Health Networks Inc., one of the nation’s largest publicly traded health care companies.

Under Schaeffer’s leadership, WellPoint was named America’s “Most Admired Health Care Company” by Fortune magazine and was named to Forbes magazine’s Platinum List of America’s best large companies. In addition, Worth magazine rated Schaeffer one of the fifty best CEOs in the United States and Modern Healthcare magazine selected him as of managed care’s ten deepest thinkers.

Before joining WellPoint, Schaeffer was president of Group Health, Inc., one of the largest health maintenance organizations in the Midwest. He was also an executive at the Student Loan Marketing Association and at Citibank.

In addition to his extensive experience in the private sector, Schaeffer has been a high-ranking government official on both the state and federal levels. He is the former administrator of the U. S. Department of Health and Human Services’ Health Care Financing Administration, which oversees Medicare and Medicaid. He was also director of the Bureau of the Budget for the State of Illinois and deputy director for management at the Illinois Department of Mental Health and Developmental Disabilities.

Schaeffer, who graduated from Princeton University, also serves on the boards of numerous business, philanthropical and professional associations.

The Brookings Institution is an 85-year-old non-partisan, independent organization which conducts research and publishes analyses of important public policy issues. The Board of Trustees is responsible for the overall supervision of the Institution, and approves proposed research projects.

About Brookings

The Brookings Institution is a nonprofit organization based in Washington, D.C. Our mission is to conduct in-depth, nonpartisan research to improve policy and governance at local, national, and global levels.