host hotels & resorts inc (HST:New York)

Executive Profile*

Background*

Ms. Sheila C. Bair, J.D. served as the Dean's Professor of Financial Regulatory Policy at the Isenberg School of Management at the University of Massachusetts-Amherst from 2002 to 2006. Ms. Bair served as an Assistant the Secretary for Financial Institutions at the U.S. Department of the Treasury from 2001 to 2002. She has over 20 years experience working in the nation's capital in senior positions in government and financial services. She spent five years as a Senior ... Vice President of Government Relations for the New York Stock Exchange from 1995 to 2000. From 1991 to 1995, Ms. Bair served as a Commissioner on the Commodity Futures Trading Commission, was appointed by President George Bush in 1991 then re-appointed by President Bill Clinton in 1994. In 1990, she was a candidate for Congress in the Kansas 5th District. In 1981, Ms. Bair joined the staff of Senator Robert Dole (R KS). She served as a Counsel to Kansas Republican Senate Majority Leader Bob Dole from 1981 to 1988. She began her career in the General Counsel's office of the former US Department of Health, Education and Welfare. During her tenure at Treasury, Ms. Bair was responsible for a wide range of policies affecting financial institutions related to safety and soundness, consumer protection, and national security. In the aftermath of the September 11 attacks, Secretary Paul O'Neill cited her for her tireless work on the enactment of terrorism insurance legislation and for her integral involvement in Treasury's development of the USA Patriot Act regulations. The Wall Street Journal, among other publications, recognized her as playing “a lead role for the Bush Administration in negotiations over terrorism insurance, bank deposit insurance reform, and numerous other financial issues“ and as “knowledgeable and dedicated in her approach to legislative issues.“ While at Treasury, Ms. Bair also served as Secretary O'Neill's representative on the Board of the Pension Benefit Guarantee Corporation and was a key staff player in the development of the Administration's post-Enron proposals for strengthening retirement security protections. Her large, diverse portfolio also included the Chairmanship of the Financial and Banking Information Infrastructure Committee of the President's Critical Infrastructure Protection Board, which had lead responsibility of strengthening the financial services infrastructure post- 9/11. Due to family obligations, Ms. Bair resigned her position with Treasury in the summer of 2002. She serves as an Associate professor at the University's Center for Public Policy and Administration. At the University, Ms. Bair’s research has focused on financial services regulatory structure, particularly with regard to insurance and government-sponsored enterprises (GSEs). She served as the Chairman of Federal Deposit Insurance Corporation from June 26, 2006 to July 8, 2011. Ms. Bair has been a Director at Host Hotels & Resorts, Inc., since October 31, 2012. She served as a Director of Federal Deposit Insurance Corporation until July 8, 2011. Ms. Bair continues her work on financial policy issues as a senior advisor to the Pew Charitable Trusts and as chair of the Systemic Risk Council, a public interest group which monitors progress on the implementation of financial reforms. She is also actively involved in efforts to improve access to financial services among low and moderate income Americans. Ms. Bair is heading a major research project to examine the consumer ramifications of an optional federal charter for life insurers, and has published papers on the Federal Home Loan Bank System and efforts to improve Latino immigrant access to the US banking system. A passionate advocate of financial education, she also writes articles for children about financial matters, published 'How Banks Work“ in the June, 2003 edition of Highlights for Children. Ms. Bair is also an accomplished author and has written several books on financial issues, including educational writings on money and finance for children. Ms. Bair received a J.D. from the University of Kansas School Of Law and a Bachelor's Degree from the University of Kansas.

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