Teresa Ressel

Teresa Mullett Ressel is an American businesswoman. Her career covers finance, defence, electronics, and healthcare complementing her government service.

Ressel was born in 1962.¹⁾

Ressel completed cyber security training at Carnegie Mellon University; she holds an MBA from Rensselaer Polytechnic Institute and two engineering degrees (BS and MS) from the University of Delaware.

Starting in 1987, Ressel completed “nuclear power school” as a civilian and then worked on the construction and testing of nuclear submarines for the United States Navy under General Dynamics.

From 1990 to 1994, Ressel was employed with Hewlett Packard as a Corporate Program Manager, first within the Corporate Manufacturing Group, Palo Alto, California, and subsequently Hewlett Packard Asia Pacific Ltd.^{2) 3)}

Ressel worked at Kaiser Permanente in Vice President and Senior Vice President roles from 1994-2000.⁴⁾

From 2001 to 2004, Ressel served at the United States Department of the Treasury.

Confirmed by the United States Senate as Assistant Secretary for Management and Chief Financial Officer, her duties included financial management, strategy around revenue collection for the Internal Revenue Service and United States Customs and Border Protection, leading the government’s audit across the Department, reporting and cash flow duties, and an array of regulatory oversight matters for financial markets and financial institutions.

She participated in the creation of the United States Department of Homeland Security.

Ressel worked in international banking and finance as CEO of UBS Securities (US division of UBS Investment Bank).⁵⁾

Prior to her CEO tenure, she led UBS’s Americas region as Chief Operating Officer across the United States of America, Canada, and Latin America. These leadership roles included market and operational risk, compliance and technology oversight.

From 2012 until early 2016, Ressel served on the management team of Olayan Americas based in New York.⁶⁾

Ressel joined the board of ON Semiconductor in 2012.⁷⁾

Atlantic Power appointed Ressel to their board of directors in November 2014.^{8) 9)} She was appointed upon the recommendation of the Clinton Group, who, “together with its affiliates and funds,” own a portion of the company.

The Clinton Group provides services to:¹⁰⁾

• Air Canada
• Bank of Montreal
• Bell Canada
• Canada Border Services Agency
• Canadian International Development Agency
• Canada Post
• Canada Revenue Agency
• Canadian National Railway (CN)
• Deloitte and Touche Consulting
• Department of Finance Canada
• Department of National Defence
• Dupont
• Employment and Social Development Canada
• Enbridge Energy
• Environment and Climate Change Canada
• General Rick Hillier, former Chief of the Defence Staff of the Canadian Forces
• Government of Canada
• Government of Ontario
• Health Canada
• IBM
• Illinois Central Rail
• Immigration, Refugees and Citizenship Canada (IRCC)
• Iron Mountain
• Kansas City Southern
• Library and Archives Canada
• Manulife
• Midland F1 Racing
• Ministry of Government Services of Ontario
• Ministry of the Attorney General of Ontario
• Natural Resources Canada
• Petro Canada
• Public Service Commission of Canada
• Public Works and Government Services Canada
• RBC (Royal Bank of Canada)
• Receiver General for Canada
• SNC Lavalin
• Statistics Canada
• Treasury Board of Canada

Ressel became a trustee for Invesco Funds in 2017, and is scheduled to serve her term until 2023.¹¹⁾

Since 2017, Ressel has served as a director of Elucida Oncology, a nanotechnology and medical particles biotechnology company focused on the development of therapeutics for cancer treatment.¹²⁾

Ressel is a member of the board of directors for Gavi, the Vaccine Alliance.¹³⁾

Her interests on LinkedIn include the AbbVie, Aspen Institute, Biogen, BlackRock, Blackstone, Boehringer Ingelheim, Boston Consulting Group, Carlyle Group, Charles Koch Foundation, Citadel Securities, Cybersecurity and Infrastructure Security Agency, Deloitte, Ernst & Young, Federal Emergency Management Agency (FEMA), Federal Reserve System, Goldman Sachs, In-Q-Tel, Kock Industries, McKinsey & Company, Morgan Stanley, National Security Agency (NSA), Nature Conservancy, PricewaterhouseCoopers, Roche, Thomson Reuters, Maria Bartiromo, Richard Branson, Bill Gates, Melinda Gates, Stephen Schwarzman, and Justin Trudeau.¹⁴⁾

Ressel formerly served as a member of the board of the Clearing House, the leading private-sector payment infrastructure for clearing and settling U.S. Dollar payments.¹⁵⁾

Ressel is a member of the Council on Foreign Relations.¹⁶⁾

Ressel is an Independent Corporate Governance Consultant for the Herndon Directors Institute.¹⁷⁾

Ressell is a trustee at the Institute for International Banking.¹⁸⁾

Ressel is on the board of directors for the Middle East Investment Initiative.¹⁹⁾

Ressel is on the board of directors for the University of Connecticut Medical Center (UConn Health).²⁰⁾