Angela Chao, Deputy Chairman
Angela A. Chao is Deputy Chairman of Foremost Group, an international shipping company in New York. Board of Dean’s Advisors, Lincoln Center China Advisory Council, The Metropolitan Opera, Carnegie-Tsinghua Center for Global Policy Board of Advisors, Museum of Modern Art PS1, the American Bureau of Shipping Council, The Chairman’s Council of the Metropolitan Museum of Art, Massachusetts Maritime Academy’s International Maritime Business Department Advisory Board, the Shanghai Mulan Education Foundation and Foremost Foundation. She is also a member of the Council on Foreign Relations, serves on the Young Leaders Forum of the National Committee on US-China Relations and is the Honorary Chairperson of the Chiao-Tung University Alumni Association in America. She previously served on the Boards of the China State Shipbuilding Corporation, the New York City Economic Development Corporation, China Council for the Promotion of International Trade and Executive Committee of the Baltic International Maritime Council (BIMCO).
Ms. Chao is a popular speaker around the world, having addressed the BIMCO 39 Day – Centenary General Meeting, after which she was unanimously voted to be BIMCO 39’s Counsellor, and the World Shipping (China) Summit. In 2005, she was selected as “Eminent Young Overseas Chinese” by the Overseas Chinese Affairs Office of the State Council. Also in 2005, The Journal of Commerce featured her in their special edition on Women in International Trade. In 2011, she was invited as a Founding Member of the Wall Street Journal’s Task Force on Women in the Economy.
From 2001-2008, Ms. Chao was Vice President and then Senior Vice President of Foremost Group. Previously as Assistant Vice President, she implemented the Company’s Safety Management System to comply with the International Safety Management (ISM) Code, a new regulation mandated by the International Maritime Organization (IMO). She has since also implemented the fleet’s Vessel Security Plans in compliance with the IMO’s International Ship and Port Facility Security (ISPS) Code. Prior to joining Foremost Group, Ms. Chao worked as an investment banker in the Mergers & Acquisitions Department of Smith Barney, Morgan Stanley.
She received her M.B.A. from Harvard Business School (HBS) and an undergraduate degree in economics from Harvard College where she graduated magna cum laude in three years. While at HBS, she wrote a Finance case entitled, “Ocean Carriers” which is being used in the First Year Required Curriculum at HBS and other top business schools and was published in Case Problems in Finance, a compilation of the essential HBS finance cases. Her undergraduate honors thesis entitled, “Empirical Tests of Status Consumption” was published in the Journal of Economic Psychology and presented to the American Economic Association. In addition, her work has been cited in Dr. Juliet B. Schor’s The Overspent American and Dr. John Clark’s Restructuring Corporate America. Fluent in Mandarin Chinese, emblematic of the next generation of the Chao family’s philanthropic tradition, Ms. Chao has recently established a generous scholarship program in her parents’ name at Harvard University with special focus on Asian American students.