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Posted at 03:17 PM ET, 12/04/2012

Kauffman Foundation elects new president and CEO

The Kauffman Foundation announced the election of Thomas A. McDonnell as its new president and chief executive. The Kansas City, Mo.-based foundation funds and conducts research on the education and policies driving entre­pre­neur­ship.

Carl Schramm, current chief executive officer of the Kauffman Foundation, a nonprofit promoting entrepreneurship, talks about steps the U.S. government could take to create jobs. Schramm talks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
McDonnell, who recently stepped down as chief executive of DST Systems, Inc., a publicly-traded software development firm also based in Kansas City, will assume his new position on Jan. 1, 2013. He will succeed Carl Schramm, who served as president and chief executive between 2002 and 2011.

Janice Kreamer will replace McDonnell as chairman of the board. She has been a trustee since 2006 and was formerly the chief executive of the Greater Kansas City Community Foundation.

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