BRAC Founder and Chairperson, Fazle Hasan Abed has been selected by the Claremont McKenna College and The Kravis Leadership Institute in the United States to receive the second annual Henry R. Kravis Prize in Leadership. The prize, which carries a $250,000 award designated to the recipient’s organization, honors extraordinary leadership in the non-profit sector. Mr. Abed was selected for his innovative work with BRAC in health, education and micro-finance.

The Prize is administered by Claremont McKenna College, The Kravis Leadership Institute and Marie-Josee and Henry R. Kravis. Members of the Selection Committee for the prize include Amartya Sen, Nobel Laureate in economics and James D. Wolfensohn, former President of The World Bank.

“Today’s outstanding leaders in the not-for-profit arena also possess many of the same skills required of the most effective entrepreneurs in the for-profit business world. The Kravis Prize was established to celebrate their vision, boldness, and determination,” Mr. Kravis said. “Fazle Abed is such a leader.”

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