Leadership changing at FHI 360
A successor has been named to the top leadership role at Durham-based FHI 360, a global public health-focused nonprofit that brought in more than $696 million in revenues in the fiscal year that ended in 2012.
Albert J. Siemens, who has been CEO since 1998, is planning to retire in May. He first started working at the organization, previously known as Family Health International, in 1983 as director of clinical trials, spearheading its multinational contraception clinical research, according to a news release. He’s credited with expanding its scope of work.
“We are deeply grateful to Dr. Siemens for his immeasurable contributions to the organization over the last 30 years,” Edward W. Whitehorne, the chairman of the executive committee for the nonprofit’s board, said in a statement.
FHI 360’s largest revenue generator is HIV/AIDS programs, according to its annual report and tax statements. Its work in the area has included initiatives to help improve treatment and care in countries and communities and to prevent transmission of the virus from mothers to their children.
Also, it’s involved in the development of low-cost contraceptives for women; the prevention of stunting and malnourishment of children in Bangladesh, Vietnam and Ethiopia; the promotion of environmental protection and small business development in Nicaragua; and improvement of computer literacy of women in Iraq, according to the release.
Siemens will be succeeded by Patrick Fine, who is now the nonprofit’s chief operating officer. Fine has more than 30 years of experience working in international development for organizations including the Peace Corps, the City of Boston, and the U.S. Agency for International Development, the release states.
Most of the nonprofit’s revenues come from U.S. government sources, with U.S. AID contributing to 68.7 percent of its revenues in the fiscal year that ended Sept. 30, 2012, according to its annual report
The nonprofit brought in $696.9 million in total revenues in that year, and saw $703 million in expenses. That resulted in a net loss of more than $6 million.
In the fiscal year before that, FHI 360 brought in more than $474 million in total revenues, and saw a profit of more than $2.3 million. That’s according to tax documents provided by Guidestar for the fiscal year ending Sept. 30, 2011.
Currently based in Headquarters Park at 2224 E. N.C. 54 in Durham, FHI 360 is planning to move its headquarters downtown.
The move is slated for December to Diamond View III, an office and retail building under construction near the Durham Bulls Athletic Park.
The building will be the third built to overlook the ballpark. They’re owned by the private, Raleigh-based company Capitol Broadcasting Co., which also owns the Durham Bulls baseball team, the downtown American Tobacco campus, WRAL-TV and other media outlets.