Vittana's Chakrabarti Steps Aside, Names Lovell as Interim CEO

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Seattle-based student micro-lending non-profit organization Vittana announces that founder Kushal Chakrabarti has stepped down as CEO and taken on the co-chair role, as Rebecca Lovell accepts an interim post as CEO.

Kushal has been a pioneer for ending poverty through student micro-loans, and his passion and dedication have enabled Vittana to help more than 8,000 students in more than a dozen countries break the cycle of poverty.

Vittana, the global non-profit organization dedicated to graduating a generation beyond poverty through the power of education, has made some key changes to its executive team as it looks ahead to its fifth anniversary.

The Seattle-based organization has brought on Rebecca Lovell as interim chief executive officer to help lead a new wave of growth and innovation. Vittana founder Kushal Chakrabarti has stepped down as CEO but will remain involved with Vittana as co-chairman of its board of directors.

“I am so excited for what Rebecca brings to Vittana,” Chakrabarti said. “She has been one of our most tireless champions and as we continue to scale, she represents the kind of leadership that Vittana needs to make the biggest dent on global youth poverty.”

Lovell is a highly respected non-profit and for-profit executive in Seattle, having served as executive director of the Northwest Entrepreneur Network and most recently as chief business officer of GeekWire.

Chakrabarti will remain active as a global champion for Vittana, said co-chair Kim Rachmeler.

“Kushal has been a pioneer for ending poverty through student micro-loans, and his passion and dedication have enabled Vittana to help more than 8,000 students in more than a dozen countries break the cycle of poverty,” Rachmeler said. “We're grateful for his leadership and energized for the next chapter." Both Lovell and Chakrabarti will be deeply involved in the nationwide search for a long-term CEO.

About Vittana: Vittana and its impact on global poverty have been highlighted in media such as The Economist, The Wall Street Journal and The New York Times, and has been backed by philanthropic leaders and organizations such as Vinod Khosla, Rich Barton and Google, among others. Learn more about the organization at http://www.vittana.org

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Rebecca Lovell

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