K12 adds former administrator of Small Business Administration to board

Published April 14, 2017 by Veronica Garabelli

Herndon-based online education company K12 Inc. has named Aida M. Alvarez to its board of directors.
 

Alvarez served as the administrator of the U.S. Small Business Administration under former President Bill Clinton. She was the first Latina woman to hold a U.S. cabinet-level post.

K12 Inc. is a provider of curriculum and online school programs for students in pre-K through high school. It serves over 2,000 schools in the U.S. and more than 100 countries.

“Today’s student body is more diverse than ever with regard to backgrounds, learning needs, and educational challenges,” Alvarez said in a statement. “I am honored to join a Board that not only protects shareholder interests, but is passionate about meeting the diverse needs of all students.”

She also was the founding director of the Office of Federal Housing Enterprise Oversight where she was charged with financial oversight of the secondary housing market, Fannie Mae and Freddie Mac. Alvarez also has worked for the New York City Health and Hospitals Corp., Bear Stearns & Co. Inc. and the First Boston Corp.

Alvarez currently is an independent director of HP Inc. and serves on the boards of Oportun Inc., Zoosk Inc., the Smithsonian American Art Museum and San Francisco Symphony. She also chairs the Latino Community Foundation in California.

Alvarez received a bachelor's degree from Harvard College.