Republican National Convention Blog: Confirmation of Steve Preston HUD Biography

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Thursday, June 05, 2008

Confirmation of Steve Preston HUD Biography

Vice President Dick Cheney swears in Steven Preston as the Administrator of the Small Business Administration during a ceremony at the Offices of the Small Business Administration in Washington, D.C., Wednesday, July 26, 2006. Preston’s wife, Molly, holds the Bible. White House photo by Kimberlee Hewitt

President Bush Pleased by Confirmation of Steve Preston as Secretary of the Department of Housing and Urban Development

I am pleased that the Senate unanimously confirmed Steve Preston to serve as Secretary of the Department of Housing and Urban Development.

Steve is a strong leader whose understanding of our financial markets and strong management skills make him highly qualified to serve in this important position. He will aggressively work to ensure that the Department remains focused on its mission of making housing more affordable and helping Americans keep their homes. Steve is also a consensus builder who will build on our efforts to work with Congress on responsible legislation addressing our Nation's housing policies.

For Immediate Release Office of the Press Secretary June 5, 2008

BIOGRAPHICAL: Preston graduated with Highest Distinction from Northwestern University with a political science degree, and received an MBA from the University of Chicago’s Graduate School of Business. He also studied at the Ludwig-Maximilians-Universität in Munich, Germany.

Preston and his wife, Molly have five children and currently reside in Virginia.

Prior to his HUD appointment Steve Preston was sworn in as the 22nd Administrator of the U.S. Small Business Administration on July 11, 2006. Appointed by President George W. Bush and confirmed unanimously by the Senate, Preston oversaw an agency that advocates on behalf of the nation’s small businesses, helps advance the economy and assists in rebuilding efforts following a disaster.

With almost 25 years of experience in financial and operational leadership positions, Preston is passionate about serving the small business community. Prior to his post at SBA, he was Executive Vice President of The ServiceMaster Company, where he also served as chief financial officer during a period of expansion, restructuring and significant change in the regulatory environment. During the first half of Preston’s private sector career, he was a senior vice president and treasurer of First Data Corporation, and an investment banker at Lehman Brothers.

He currently serves as Chairman of the Board of Visitors for the Weinberg College of Arts and Sciences at Northwestern University, and has served on numerous boards of philanthropic and other organizations. FULL BIOGRAPHY

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