After-School All-Stars Elects New Board Chairman

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Paul Wachter of Main Street Advisors to lead board; Organization salutes legacy of outgoing Chairman Henry Cisneros

The bar has been set quite high by the great leadership of Arnold Schwarzenegger and Henry Cisneros. I am committed to helping to lead the organization to an even higher lever of programming that serves our communities and so many deserving kids.

After-School All-Stars (ASAS) announced today that Paul Wachter, founder and CEO of Main Street Advisors, has been elected Chairman of the board of directors, succeeding Former Secretary of Housing and Urban Development Henry Cisneros. ASAS is a leading national provider of high quality, comprehensive, school-based after-school programs in 13 U.S. cities.

Henry Cisneros was presented with a Certificate of Recognition from ASAS founder and honorary chairman California Governor Arnold Schwarzenegger at the organization's July 18 board meeting, recognizing his outstanding leadership and service, and praising the significant growth achieved by ASAS during Cisneros' tenure. "Henry's hard work and inspiring dedication over the past three years will resound for generations," said Governor Schwarzenegger. "After-School All-Stars has thrived under his leadership and he leaves behind a legacy of action and devotion."

Since 2005, ASAS has grown from serving 34,000, to nearly 72,000 at risk youth in 400 schools and in 13 cities across the United States -- 83 percent of whom qualify for Free or Reduced Lunch Programs.

"Hundreds of thousands of children have had life-changing experiences thanks to the leadership of Henry Cisneros," said Ben Paul, president and CEO of After-School All-Stars. "We are deeply grateful for Henry's past leadership and feel very fortunate to have Paul Wachter continue his longstanding commitment to our cause as our new board chair."

Paul Wachter takes over at a critical juncture as ASAS just completed an in-depth strategic planning process with The Bridgespan Group. Over the next three years, the organization will focus on four key strategic priorities: improving service quality by increasing programming consistency and implementing measurement across the network, creating value-added services for the 13 chapters, building the national brand and additional capacity, and pursuing opportunistic growth in new cities.

"After having been inspired by the children participating in the After-School All-Stars for over 10 years, I am proud to become the new Chairman," said Paul Wachter. "The bar has been set quite high by the great leadership of Arnold Schwarzenegger and Henry Cisneros. I am committed to helping to lead the organization to an even higher lever of programming that serves our communities and so many deserving kids."

Paul Wachter is the founder and Chief Executive Officer of Main Street Advisors, a firm providing financial and asset management advisory services to a select group of high net worth individuals and companies. Prior to forming Main Street Advisors in 1997, Wachter was Managing Director and Head of Schroder & Co. Incorporated's Lodging and Gaming Group and also a managing director at Kidder Peabody where he founded and was responsible for Kidder's Hotel, Resorts and Leisure Group.

Wachter has held a number of trustee and advisory positions, including an appointment by Governor Schwarzenegger in 2004 to the Board of Regents for the University of California where he chaired the 2006 Investment Committee. He currently serves on the board of governors of the Southern California Special Olympics, where he was previously vice chairman of the Board of Directors. Wachter received his B.A. from the Wharton School at the University of Pennsylvania and his law degree from Columbia University.

About After-School All-Stars
Founded by Governor Arnold Schwarzenegger in 1992, After-School All-Stars is the leading national provider of high quality, comprehensive, school-based after-school programs that include academics, enrichment, and health & fitness. The organization's mission is to keep children safe and help them achieve in school and in life. Nearly 72,000 at-risk youth benefit from these programs in 13 U.S. cities: Atlanta, Chicago, Columbus, Dallas, Houston, Las Vegas, Los Angeles, New York, Orlando, San Antonio, San Diego, San Jose and South Florida. For more information, visit After-School All-Stars.

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