REDF Expands Board of Directors

FOR IMMEDIATE RELEASE

REDF Expands Board of Directors with Addition of Silicon Valley Executive George Montgomery 

SAN FRANCISCO (August 18, 2014 —George Montgomery, chief financial officer at Coherus BioSciences, is the latest addition to REDF’s board of directors. Since 1997, when George R. Roberts of KKR founded the organization, REDF has helped create employment opportunities for individuals facing the greatest barriers to work, including people who were formerly in prison or homeless, young people who dropped out of school, and those who live with mental health disabilities. Mr. Montgomery brings expertise in financial management and raising capital to the organization.

“The concept of social enterprises and supporting the growth of businesses with a double bottom line is extremely important for the employment landscape not only in California, but also nationwide,” said Mr. Montgomery. “REDF serves important and often overlooked populations and I look forward to contributing to the future successes of this leading organization.”

Coherus BioSciences is a private firm in Redwood City, Calif. that specializes in biotechnology. Prior to Coherus, Mr. Montgomery worked in investment banking for more than 25 years, focusing largely on healthcare companies.  Previously he served as managing director at JPMorgan H&Q and Cowen & Company, and also worked at CSFB.  Since moving to the Bay area in 1993, he has focused on raising capital and strategic advisory work for entrepreneurial biotech and medtech companies.  Mr. Montgomery earned a bachelor’s degree in political science at Yale and an MBA in finance at Wharton business school.

“As REDF continues to lead the way in pioneering sustainable employment opportunities for those who are too often shut out of the workforce, the addition of someone with George’s expertise is vital to our future growth,” said Carla Javits, REDF President & CEO.

As a member of REDF’s board of directors, Mr. Montgomery joins fellow business leaders such as Dan Rose, vice president, partnerships at Facebook, and Adam Smith, director, global content and platforms at YouTube and director, product management, Google.

About REDF

REDF creates jobs and employment opportunities for people facing the greatest barriers to work – like young people who’ve dropped out of school, people who’ve been homeless or in prison, and people with mental health disabilities. Founded in 1997 by George R. Roberts (KKR), REDF provides funding and business expertise to mission-driven organizations in California to launch and grow social enterprises, which are businesses with a “double bottom line” that make money in order to employ people;. REDF has helped thousands of people in California get jobs and find hope.  Now REDF is taking best practices learned from 17 years of experience to grow their impact nationally and put hundreds of thousands of people to work. For more information, follow REDF on Twitter at @REDF_CA or visit http://redf.org/.