A New Vision for Growing Business in Chicago



Chicago Mayor Rahm Emanuel has announced his vision for World Business Chicago’s future. He has appointed a robust new board of directors that will play an active role in recruiting businesses to relocate to—and expand in—Chicago. This new board will embolden our ongoing efforts to attract businesses to Chicago, not only from across the nation, but from all over the world.


July 14th, 2011

Mayor Rahm Emanuel today announced a dramatic expansion of the World Business Chicago board, which will now feature nearly 50 of the leading businesspeople in Chicago.

“The new board leadership and structure of World Business Chicago will strengthen its ability to attract new businesses and create jobs here,” said Mayor Emanuel. “The new structure will directly link World Business Chicago to the Mayor’s office, fostering close collaboration to advance Chicago as a global economic leader.”

Mayor Emanuel is chair of World Business Chicago’s board. Michael Sacks, CEO of Grosvenor Capital Management, L.P., will be the new Vice-Chairman of the World Business Chicago board.

“I am honored to be joining the board of World Business Chicago as Vice-Chairman,” Sacks said. “I look forward to working with the Mayor’s Office and the city’s private sector business community to bring jobs to Chicago and increase the economic vitality of the city.”

Under its new leadership, World Business Chicago will be focused on job creation and conducting economic development activities around the world on behalf of the city of Chicago. Each board member has been asked to work with the Vice-Chairman and staff of World Business Chicago to provide assistance with respect to opportunities to bring business to Chicago, to sell and promote Chicago and Chicago business around the world, and to provide ideas for economic development that enhance the city.

Sacks will represent World Business Chicago in the Mayor’s Office as the newest member of the Mayor’s Economic Council. On the Council, he will provide input on economic development strategies, job growth activities, and new business opportunities for the city, as part of an ongoing effort to align the city’s strategies with the current business climate.

The board members include CEOs and other top executives from around the city of Chicago. 

“I thank Michael D. O’Halleran for his more than a decade of service as co-chair of World Business Chicago, and I am grateful he and 15 existing board members will  continue to serve on the board,” Mayor Emanuel said.

The majority represent private sector companies, as public-private partnerships are a crucial focus of World Business Chicago. The new board is effective immediately.


The board of World Business Chicago is:

Mayor Rahm Emanuel, City of Chicago (Chair)

Michael Sacks, CEO, Grosvenor Capital Management L.P. (Vice-Chair)

Anthony K. Anderson, Vice Chair and Midwest Managing Partner, Ernst & Young LLP Jeff Aronin, Chairman and CEO, Paragon Pharmaceuticals, Inc.

James Bell, Executive Vice President, The Boeing Company Norman Bobins, Chairman, The Private Bank Marshall Bouton, President, Chicago Council on Global Affairs

Bill Brodsky, Chairman and CEO, Chicago Board Options Exchange

Greg Brown, Chairman and CEO, Motorola Solutions

Debra Cafaro, Chairman and CEO, Ventas, Inc.

James S. Crown, President, Henry Crown and Company

Deborah DeHaas, Vice Chairman and Midwest Regional Managing Partner, Deloitte & Touche LLP

Craig J. Duchossois, CEO, The Duchossois Group

Terrence Duffy, Chairman, CME Group

Donald Edwards, Managing Principal, Flexpoint Ford LLC

George Farr, Senior Executive Vice President, Veolia Environment & Veolia Environmental Services, North America

Michael W. Ferro, Jr., Chairman and CEO, Merrick Ventures, LLC

James T. Glerum, Chairman, Civic Consulting Alliance

Antonio Gracias, Founder, CEO and Chief Investment Officer, Valor Equity Partners

Daniel M. Hamburger, President and CEO, DeVry, Inc.

Mellody Hobson, President, Ariel Investments

Mark S. Hoplamazian, President and CEO, Hyatt Hotels Corporation

Steve Koch, Vice Chairman, Credit Suisse

Paul A. Laudicina, Managing Officer and Chairman of the Board, A.T. Kearney

Eric Lefkofsky, Co-founder and Executive Chairman, Groupon

Sam Mencoff, Co-CEO, Madison Dearborn Partners

Michael H. Moskow, Former President, Federal Reserve Bank of Chicago T

homas F. Motamed, Chairman and CEO, CNA

William A. Osborn, Chairman of the Board of Trustees, Northwestern University

Michael D. O’Halleran , Executive Chairman, Aon Benfield Corporation

Hank Paulson, Former Secretary, United States Department of the Treasury J.B. Pritzker, Co-founder and Managing Partner, The Pritzker Group

Bruce V. Rauner, Principal, GTCR LLC

Jim Reynolds, Co-founder, Chairman, and CEO, Loop Capital

Desiree Rogers, CEO, Johnson Publishing Company, Inc.

John W. Rowe, Chairman CEO, Exelon Corporation

Pat Ryan, Jr., Co-founder and CEO, Incisent Technologies

Muneer A. Satter, Managing Director, Goldman Sachs Group Inc.

 James Skogsbergh, President and CEO, Advocate Health Care

Jeffery Smisek, President and CEO, United Continental Holdings, Inc.

David B. Speer, Chairman and CEO, Illinois Tool Works

David P. Storch, Chairman and CEO,  AAR Corporation

Glenn Tilton, Chairman of the Midwest, JPMorgan Chase

Charles A. Tribbett III, Managing Director, Russell Reynolds Associates

Byron Trott, Founder and Managing Partner, BDT Capital Partners LLC

Glen E. Tullman, CEO, Allscripts

Gregory D. Wasson, President and CEO, Walgreen Co.

Thomas J. Wilson, Chairman, President, and CEO, Allstate Corporation