The United States welcomes the appointment of Bart Peterson, Senior Vice President for Corporate Affairs and Communications for Eli Lilly and Company, to the Asia-Pacific Economic Cooperation Business Advisory Council (ABAC). Asia-Pacific Economic Cooperation (APEC) is the premier forum for facilitating economic growth, trade, and investment in the Asia-Pacific region. Under APEC, the United States and 20 other economies in a key region of the world come together to facilitate economic integration and tackle a wide range of issues critical for regional prosperity and economic security.
Mr. Peterson joins current U.S. ABAC members Deborah Henretta, Group President for Global Beauty Care at Procter & Gamble, and Richard Lavin, Group President of Caterpillar Inc.
Private sector participation is critical to the APEC process. These American business executives will join their ABAC counterparts from other APEC economies to advise APEC officials on issues affecting the continued growth of the region’s economy. ABAC, created in 1995, consists of up to three business representatives from each APEC economy. ABAC meets throughout the year to discuss policy recommendations, undertake activities to promote trade and investment, and report annually to APEC Leaders. Mr. Peterson replaces Peter Scher of JPMorgan Chase.
Mr. Peterson is a former two-term Mayor of Indianapolis, where he led the business expansions of FedEx, Rolls Royce, and WellPoint, and the development of major infrastructure projects, such as Lucas Oil Stadium, the Conrad Indianapolis, and the Simon Property Group’s world headquarters. Mr. Peterson is a founding member and board chair of The Mind Trust, a non-profit organization promoting entrepreneurship in education. He is also a board member of the Regenstrief Foundation, Christian Theological Seminary, and the University of Indianapolis, as well as a member of the Board of Advisors for Ball State University’s Bowen Center for Public Affairs.