FHI, a global public health and economic development organization based in Durham, has changed its name to FHI 360.
The new name, made public Wednesday, coincides with the organization's completion of its previously announced acquisition of Washington-based AED, which operates education, health and economic development projects around the world. As a result of the acquisition, FHI 360 has nearly doubled in size to 4,400 employees worldwide.
"By combining the expertise of FHI and AED, two organizations that share similar missions and a long history of partnering with others to succeed, we will be able to reach farther, do more and servemany - even more effectively," CEO Albert J. Siemens said in a prepared statement.
The new name, made public Wednesday, coincides with the organization's completion of its previously announced acquisition of Washington-based AED, which operates education, health and economic development projects around the world. As a result of the acquisition, FHI 360 has nearly doubled in size to 4,400 employees worldwide.
"By combining the expertise of FHI and AED, two organizations that share similar missions and a long history of partnering with others to succeed, we will be able to reach farther, do more and servemany - even more effectively," CEO Albert J. Siemens said in a prepared statement.
FHI remains headquartered in Durham.
The sale of AED was triggered by the U.S. Agency for International Development's decision in December to suspend the nonprofit agency from receiving new government awards. That suspension came after an investigation found evidence of "serious corporate misconduct" stemming from programs in Afghanistan and Pakistan.
FHI is running more than 100 programs previously run by AED in every state and more than 50 countries. Those programs are once again eligible for federal funding.
The sale of AED was triggered by the U.S. Agency for International Development's decision in December to suspend the nonprofit agency from receiving new government awards. That suspension came after an investigation found evidence of "serious corporate misconduct" stemming from programs in Afghanistan and Pakistan.
FHI is running more than 100 programs previously run by AED in every state and more than 50 countries. Those programs are once again eligible for federal funding.
As reported in: http://www.newsobserver.com/2011/07/07/1326371/fhi-expands-and-changes-name.html#ixzz1RcNyY1P3