Year Up said Wednesday that it has hired Garrett Moran as president. The appointment becomes effective October 28, 2013. In this newly created role, Moran will report to company founder and CEO Gerald Chertavian. Prior to joining Year Up, Moran worked in Blackstone’s private equity group where he most recently served as senior advisor. Headquartered in Boston, Year Up is a provider of personal and professional development services to urban young adults.
Boston, MA (PRWEB) October 02, 2013
Year Up announced today the appointment of Garrett Moran in the newly created position of President, effective October 28th. As President, Moran will report to Year Up’s Founder and CEO, Gerald Chertavian and will be directly accountable for all elements of Year Up’s organization.
Chertavian will continue to serve as CEO, his role since founding the organization in 2000. He will focus on stewarding the organization’s culture and values, long-term strategic planning, new strategic ventures, board management, and external relations.
Moran comes to Year Up having most recently served as Senior Advisor to Blackstone’s Private Equity Group, where he was Chief Operating Officer from 2005 to 2011. Prior to Blackstone, Moran had a distinguished career leading financial services institutions as President of MMC Capital and Co-Head of the Banking Group at Donaldson, Lufkin & Jenrette (DLJ). Moran joined DLJ in 1982, and during his nearly twenty-year tenure he also headed the firm’s High-Yield Bond Department and served as Chief Operating Officer of its Taxable Fixed-Income Division.
“Garrett has the leadership skills and experience to oversee Year Up’s operations and implement our long-term strategy as we continue to scale dramatically,” said Chertavian. “I’m thrilled to be partnering with him in closing the Opportunity Divide for the millions of young adults currently not employed or in school.”
“Year Up is one of the most effective workforce development programs in the United States, and I’m excited about making sure it’s positioned to help even more young adults reach their potential through professional careers and higher education,” said Moran. “I look forward to working with Gerald and all of the Year Up staff, students and alumni as we scale our organization in the next several years.”
Lauded by Presidents Barack Obama and Bill Clinton for its track record of success, Year Up is a national nonprofit organization that provides urban young adults with an intensive, yearlong training program and career-focused education in growing professional industries. Eighty-four percent of Year Up’s alumni are employed and/or attending college full-time within four months of completing the program, on a path to economic self-sufficiency.
Moran served on Year Up’s National Board of Directors from 2012 to 2013 and has championed Blackstone’s corporate partner and volunteer relationship with Year Up. Moran also served on several other non-profit Boards including the Posse Foundation, Connecticut Council for Education Reform, Blackstone Foundation, and Middlebury College. Moran received a B.A. from Middlebury College and an M.B.A. from the Wharton School of the University of Pennsylvania.
About Year Up Inc.
Year Up’s mission is to close the Opportunity Divide by providing urban young adults with the skills, experience, and support that will empower them to reach their potential through professional careers and higher education. Year Up achieves this mission through a high support, high expectation model that combines marketable job skills, stipends, internships and college credits. Its holistic approach focuses on students’ professional and personal development to place these young adults on a viable path to economic self-sufficiency. Year Up currently serves more than 1,900 students a year at sites in Atlanta, Baltimore, Boston, Chicago, Miami, New York City, Philadelphia, Providence, San Francisco Bay Area, the National Capital Region, and Puget Sound (Seattle). To learn more, visit http://www.yearup.org or http://www.youtube.com/yearupinc.