Barreto Out - Steven C. Preston to be New SBA Head...

No comments on the dearth of posts.... here's a scoop:

Hector Barreto is leaving his post at the SBA. The President will nominate Steven Preston to be the new SBA Administrator.

Here's his official bio:

Steven Preston is Executive Vice President of The ServiceMaster Company.

Steve leads the Strategic Services team, including IT, Six Sigma, Strategic Sourcing, Strategy and Acquisitions. He served previously as the Chief Financial Officer of ServiceMaster, the Senior Vice President and Treasurer of First Data Corporation, and as an investment banker at Lehman Brothers.

Steve serves as Vice Chairman of the Board of Visitors for the Northwestern University Weinberg College of Arts and Sciences and as the co-chair for the Wilson Society, the leadership giving effort for the college. He also serves on the board of the Hinsdale Hospital Foundation, and on the advisory boards for Tri-Artisan Partners, a boutique merchant bank, and for Concentric Equity Partners, a buyout fund focused on the services industry. He has served on a number of boards of philanthropic organizations that support various children and inner city causes.

Steve has been recognized in CFO magazine in "The Next Wave - Finance Executives Who Will Make a Difference in the Next Decade".

He received his bachelor's degree in political science with highest distinction from Northwestern University, and received his MBA from the University Of Chicago Graduate School Of Business. He also studied at the Ludwig Maximillian Universität in Munich, Germany.

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Best of luck to you, Hector. And I look forward to working with you, Mr. Administrator-designate.

- Andrew Langer