MENLO PARK, Calif. – Laurance R. (Laurie) Hoagland Jr., vice president and co-chief investment officer of The William and Flora Hewlett Foundation, will conclude his service on June 30, 2013, the Foundation announced today. Ana Marshall, currently the Foundation’s co-chief investment officer, will become vice president and chief investment officer.

Hoagland has led the Hewlett Foundation’s investment team since 2001. Among his first tasks upon joining the organization was to diversify the Foundation’s investment portfolio by divesting its endowment of billions of dollars of HP stock that came to it upon the death of William R. Hewlett.

Before joining the Foundation, Hoagland served for nine years as president and CEO of the Stanford Management Company, Stanford University’s investment and real estate organization, where he established a reputation as one of the leading endowment investment managers in the country. Before that, Hoagland had a long career in the private investment sector.

He serves on the board of directors for a number of organizations, including the Berkeley Endowment Management Company, and on investment advisory committees for the Howard Hughes Medical Institute, Kamehameha Schools, and the David and Lucile Packard Foundation, among others. After stepping down from the Hewlett Foundation, he plans to continue to volunteer his investment insights to nonprofit organizations. A native of the Midwest, Hoagland was called the “other sage of Omaha” (alongside legendary Omaha-based investor Warren Buffett) in the 2008 book Foundation and Endowment Investing: Philosophies and Strategies of Top Investors and Institutions.

“Laurie has been a truly exceptional colleague, and his contribution not only to this foundation but to his field cannot be overstated,” said Hewlett Foundation Board Chairman Walter B. Hewlett. “Thanks to Laurie and his team, the Hewlett Foundation has weathered these volatile economic times extremely well. At the same time, we are thrilled that Ana Marshall will succeed Laurie. She is a superb investment manager, more than capable of carrying on and even improving the success we have had under Laurie.”

Ana Marshall will assume the titles of vice president and chief investment officer on July 1. She will be responsible for asset allocation, strategic investment policy recommendations, and selection of external managers for the $7.5 billion endowment portfolio. She will retain primary responsibility for the selection and oversight of external managers in global equities, having led the investment team’s efforts in distress/credit, fixed income, derivative strategies, and absolute return since joining the Foundation in 2004. She will also continue to lead the team’s portfolio construction, risk management, and liquidity modeling efforts.

“Ana is an excellent choice to carry on Laurie’s great work at the Hewlett Foundation,” said John Powers, president and chief executive officer of the Stanford Management Company. “Her understanding of institutional investing is outstanding. With Ana’s leadership, the Foundation’s endowment will be in superb hands.”

Marshall, CFA, brings twenty-six years of investment experience to the Hewlett Foundation. From 1993 to 2003, she served as a senior portfolio manager of global and emerging market equity portfolios at RCM Capital Management. Before this, Marshall worked as an analyst/portfolio manager of emerging market debt and equity portfolios at Bank of America. She began her career in 1986 as a research analyst of high-yielding assets, including corporate debt, distressed debt, and emerging market sovereign bonds.

Marshall graduated magna cum laude in economics from the University of San Diego. She earned her Chartered Financial Analyst designation in 1989. She was born and raised in Mexico City and is fluent in Spanish and French. She serves on the Skoll Foundation and the Skoll Fund investment committees.

About The William and Flora Hewlett Foundation
The William and Flora Hewlett Foundation has been making grants since 1967 to help solve social and environmental problems at home and around the world. The Foundation concentrates its resources on activities in education, the environment, global development and population, performing arts, and philanthropy, and makes grants to support disadvantaged communities in the San Francisco Bay Area. A full list of all the Hewlett Foundation’s grants can be found here.
 
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Eric Brown
Hewlett Foundation
Communications Director
communications@hewlett.org