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New Position Created to Implement the Organization’s Transformation Plan

Geneva – The Global Fund to Fight AIDS, Tuberculosis and Malaria announced today that it will appoint Gabriel Jaramillo as General Manager, a newly created position intended to oversee a process of transformation as it accelerates the fight against the three pandemics by focusing on its management of risk and grants. 

Mr. Jaramillo, a former Chairman and Chief Executive Officer of Sovereign Bank,  has more than 35 years of experience in executive positions in the financial sector, where he won broad recognition as a highly skilled leader and administrator with impeccable integrity. 

Since he retired a year ago, he has served as a Special Advisor to the Office of the Special Envoy for Malaria of the Secretary General of the United Nations, and was a Member of the High-Level, Independent Panel that looked at the Global Fund’s fiduciary controls and oversight mechanisms. 

The Panel, co-chaired by Former U.S. Health and Human Services Secretary Michael Leavitt and former Botswana President Festus Mogae, recommended changes to risk-management, governance and oversight to ensure the institution manages donor resources as efficiently and safely as possible.

The Global Fund’s Board in November approved a Consolidated Transformation Plan to address the findings of the Panel, along with a new, ambitious, four-year strategy and decided to appoint a General Manager to oversee this transformation.  The General Manager will report to the Board, and will assume full executive responsibilities for the Global Fund.

“My priorities at the Global Fund are to achieve maximum efficiency, accountability and concrete results that save lives,” Mr Jaramillo said. “In essence, we will start with a reorganization that emphasizes simplicity, discipline and rigor, with grant-management as the core activity of the institution.”

“I am honored to have been asked to take up this challenge,” Mr. Jaramillo said. 

“We are pleased that Gabriel has agreed to serve in this role,” said the Global Fund’s Board Chair, Mr. Simon Bland.  “He is an outstanding choice, and exactly what we need at this time:  an excellent manager and a proven financial leader who can direct change and improve performance in a large institution during a time of transition.”

Mr. Jaramillo is a native of Colombia, and a Brazilian citizen.  He studied at California State University, where he earned a Bachelor’s degree in marketing and a Master’s degree in Business Administration.  Over the next three decades, he excelled as a manager at successive institutions, including Marine Midland Bank, Citibank, Banco Santander and Sovereign Bank, where he became Chairman and CEO in 2009.  He retired from that position in January 2011, and remained as Chairman until June 2011.

Mr. Jaramillo will take up a 12-month appointment on 1 February.

The Global Fund will invest around $10 billion in the funding period of 2011-2013, up from $8 billion between 2008 and 2010. 

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The Global Fund is a unique, public-private partnership and international financing institution dedicated to attracting and disbursing additional resources to prevent and treat HIV and AIDS, TB and malaria. This partnership between governments, civil society, the private sector and affected communities represents an innovative approach to international health financing. The Global Fund’s model is based on the concepts of country ownership and performance-based funding, which means that people in countries implement their own programs based on their priorities and the Global Fund provides financing on the condition that verifiable results are achieved. 

Since its creation in 2002, the Global Fund has become the main financier of programs to fight AIDS, TB and malaria, with approved funding of US$ 22.6 billion for more than 1,000 programs in 150 countries (as of 1 December 2011). To date, programs supported by the Global Fund are providing AIDS treatment for 3.3 million people, anti-tuberculosis treatment for 8.6 million people and 230 million insecticide-treated nets for the prevention of malaria. The Global Fund works in close collaboration with other bilateral and multilateral organizations to supplement existing efforts in dealing with the three diseases. 

For more information, please contact:
JON LIDEN
Director of Communications
Mobile: +41 79 244 6006
E-mail: jon.liden@theglobalfund.org
                                                                                    
ANDREW HURST
Media Relations Manager
Mobile: +41 79 561 6807
E-mail: andrew.hurst@theglobalfund.org