Prior to becoming Ambassador, Mr. Foley spent over twenty-five years in business, having worked at McKinsey & Company and Citigroup before founding the NTC Group, a private equity investment firm, in 1985.

From August, 2003 through March, 2004, Mr. Foley served in Iraq as the Director of Private-Sector Development for the Coalition Provisional Authority. Mr. Foley had responsibility for overseeing Iraq's state-owned enterprises, developing foreign trade and investment, and advising Iraqi Ministries on developing a private-sector economy. Mr. Foley received the Department of Defense Distinguished Public Service Award in June, 2004 for his service in Iraq.

Mr. Foley has served as a Trustee of The Kennedy Center for the Performing Arts in Washington, the Kent School in Kent, Connecticut, and of a charitable trust he formed for supporting educational opportunities for children. Mr. Foley served on visiting committees of Harvard University, the Development Board of Phillips Andover Academy, and two Connecticut State Commissions involving education and children. Mr. Foley holds a B.A. in Economics from Harvard and an M.B.A. from Harvard Business School.