News | News Releases | 2001

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J. Joseph Grandmaison, of Rye, New Hampshire was confirmed by the U.S. Senate on December 20, 2001 and sworn in today as a member of the board of directors of the Export-Import Bank of the United States (Ex-Im Bank). Grandmaison was nominated for the position by President George W. Bush on November 29, 2001, for a term expiring January 20, 2005. 

Grandmaison brings to Ex-Im Bank extensive experience in both the public and private sector.  Recently he served as managing director-International Development at Don Breazeale and Associates, Inc., (DBA), a California based consulting firm specializing in ports, rail, roads and freight operations.

Grandmaison served as Director of the U.S. Trade and Development Agency (TDA) from 1993 to 2001.  As director of TDA, an independent federal government agency that helps U.S. companies pursue overseas business opportunities, Grandmaison was responsible for all aspects of its operations, including strategic planning, investment decisions, policy determination, business and product development and marketing. During his tenure, he oversaw the investment of  $425 million dollars in more than 1,300 overseas projects.

Grandmaison's government experience also includes a Presidential appointment as federal co-chairman of the New England Regional commission from 1977 to 1980 and was the Democratic nominee for Governor of New Hampshire in 1990. 

Grandmaison graduated from the School of Business Administration of Burdett College, Boston, MA, in 1963 and the Senior Management in Government Program of Harvard University's John F. Kennedy School of Government in 1980.

Ex-Im Bank is an independent federal agency that assists in financing the export of U.S. goods and services to developing markets around the world, through export credit insurance, loan guarantees and direct loans.  In fiscal year 2001, Ex-Im Bank helped to finance approximately $12.5 billion of U.S. exports worldwide.