Ford Foundation chooses a new president

The Ford Foundation announced today that Luis A. Ubinas, a director of McKinsey & Company, will be its new president.

Ubinas will succeed Susan V. Berresford, who is retiring after 12 years as president and 38 years with the organization.

The selection underscores a recent trend, where foundation leadership is increasingly coming from the business and political spheres rather than the ranks of nonprofit professionals.

At McKinsey, Ubinas focused on the impact of new technologies on traditional media. At the Ford Foundation, he’ll head the world’s second largest philanthropic organization, with more than $12 billion in assets.

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