Your Mark On The World

CEO Who Led Red Cross From Brink Of Disaster Reflects On Leadership Lessons Learned - #1199

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Synopsis

Gail McGovern, 67, became the eighth CEO in five years at the American Red Cross in 2008, as the country entered its most severe economic downturn in seven decades. Today, she remains at the head of what is once again a fiscally healthy nonprofit. Looking back, she reflects on what she learned. The $3 billion annual revenue organization responds to 60,000 disasters every year, ranging from single house fires affecting one family to natural disasters that impact hundreds of thousands. At the time she took the helm, the large nonprofit had drawn down its available credit lines and was nearing the brink of its own disaster. McGovern successfully steered the organization through the crisis and credits the leaders of the organization for their resilience during the challenging period. She had been through challenges before; in fact, she often sought them out early in her career. Along with 1900 men, she was one of just 50 women admitted to Johns Hopkins University the first year that women were allowed. She jo