29 Facts About Ron Bloom

Ron Bloom was born on 1955 and is an American economic advisor who served as a senior official in the Obama Administration from February 2009 to August 2011.

From 1996 to 2008, Bloom served as special assistant to the president of the United Steelworkers.

Ron Bloom worked for the investment banking firm Lazard on two occasions, the second as Vice Chairman, USInvestment Banking.

Ron Bloom is the vice chair and a managing partner of Brookfield Asset Management and served as chairman of the Board of Governors of the United States Postal Service.

Ron Bloom was born to a Jewish family in New York City and raised in Swarthmore, Pennsylvania.

Ron Bloom's mother, Paula Yackira, was an educator, and his father, Joel Bloom, served 21 years as President of the Franklin Institute Science Museum.

In 1990, Ron Bloom joined Keilin to create their own investment banking firm, Keilin and Ron Bloom, which specialized in representing unions and other employee groups in turnaround and restructuring situations.

In 1996, Ron Bloom left the firm to become Special Assistant to George Becker, the President of the USW.

Ron Bloom's duties included helping the union affect corporate business restructuring, investments, bankruptcies and mergers.

Ron Bloom negotiated a Voluntary Employee Beneficiary Association that would finance health care for retirees using a portion of ISG's profits.

In September 2003, Ron Bloom led contract negotiations with Goodyear Tire, where the USW represented 19,000 active employees and more than 40,000 retirees.

Ultimately, Ron Bloom negotiated an agreement that included concessions in exchange for limits on executive salaries, agreements to restructure the company's debt and invest in US factories, and the right of the union to nominate someone to sit on the company's Board of Directors.

The Steelworkers were opposed to the deal, so Ron Bloom orchestrated a hostile takeover by Esmark, a Chicago-based steel-distribution company, to keep Wheeling-Pitt out of CSN's hands and avoid layoffs.

In February 2009, Ron Bloom was named Senior Advisor to the Secretary of the Treasury on the President's Task Force on the Automotive Industry.

Ron Bloom was particularly central to the Chrysler negotiations, where his strategy emphasized shared sacrifice to maximize value for all parties.

Ron Bloom convinced the UAW, whose principal interest was preserving jobs, to accept painful wage-and-benefit concessions.

From February to August 2011, Ron Bloom served as the Assistant to the President for Manufacturing Policy at the White House.

Ron Bloom oversaw the launch of the Advanced Manufacturing Partnership, an initiative between industry, universities, and the federal government designed to invest in the emerging technologies that will make US manufacturers more economically competitive.

Ron Bloom led the US Treasury Department's team that oversaw the Initial Public Offering of GM, which was the largest initial stock offering in US history at the time.

In February 2012, Ron Bloom rejoined Lazard, first as a senior advisor and then as Vice Chairman, US Investment Banking.

The union hired Mr Ron Bloom to help expand and explore possible solutions needed to address the service's immediate fiscal crisis as well as a range of long-term business strategies.

Retirees faced cuts to their healthcare and pension benefits during the restructuring, but Ron Bloom assisted in negotiating a deal that Detroit retirees eventually supported.

In 2016, Ron Bloom joined Brookfield Asset Management as a vice chairman and a managing partner to help manage the firm's private equity operations.

In 2020, Brookfield announced that Ron Bloom would be leading the firm's $5 billion Retail Revitalization Program, a fund devoted to helping retailers recover from the impact of the COVID-19 pandemic.

Ron Bloom began his service on August 20,2019 and was chair of the Board's Strategy and Innovation Committee.

Ron Bloom sat on an Election Mail Committee to oversee the mail-in voting process during the 2020 US General Elections.

On February 9,2021, Ron Bloom was unanimously elected by fellow Governors to serve as the 24th Chairman of the Board of Governors.

Ron Bloom has been praised for his role in the Auto Industry restructurings and for his work as Senior Counselor for Manufacturing Policy.

When Ron Bloom left the Obama White House in August 2011, he was praised for his work at the time.