Teresa Ressel
Teresa Mullett Ressel is an American businesswoman. Her career covers finance, defence, electronics, and healthcare complementing her government service.
Background
Ressel was born in 1962.1)
Education
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.
Career
General Dynamics (1987-1990)
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.
Hewlett-Packard (1990-1994)
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)
Kaiser Permanente (1994-2000)
Ressel worked at Kaiser Permanente in Vice President and Senior Vice President roles from 1994-2000.4)
United States Treasury (2001-2004)
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.
UBS Investment Bank (2004-2012)
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.
The Olayan Group (2012-2016)
From 2012 until early 2016, Ressel served on the management team of Olayan Americas based in New York.6)
ON Semiconductor (2012-2020)
Ressel joined the board of ON Semiconductor in 2012.7)
Atlantic Power (2014-2017)
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)
- Deloitte and Touche Consulting
- General Rick Hillier, former Chief of the Defence Staff of the Canadian Forces
- RBC (Royal Bank of Canada)
Invesco Funds (2017-present)
Ressel became a trustee for Invesco Funds in 2017, and is scheduled to serve her term until 2023.11)
Elucida Oncology (2017-present)
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)
Gavi, the Vaccine Alliance (2018-present)
Ressel is a member of the board of directors for Gavi, the Vaccine Alliance.13)
Other Affiliations
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)
The Clearing House
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)
Council on Foreign Relations
Ressel is a member of the Council on Foreign Relations.16)
Herndon Directors Institute
Ressel is an Independent Corporate Governance Consultant for the Herndon Directors Institute.17)
Institute for International Banking
Ressell is a trustee at the Institute for International Banking.18)
Middle East Investment Initiative
Ressel is on the board of directors for the Middle East Investment Initiative.19)
University of Connecticut Medical Center
Ressel is on the board of directors for the University of Connecticut Medical Center (UConn Health).20)