|Preceded by Hershel W. Gober|
Succeeded by Leo Mackay, Jr.
|Name Edward Powell,|
Edward Angus "Ned" Powell Jr. (born April 1, 1948) is a former president of the United Service Organizations (USO), a volunteer organization that provides morale and recreational services to members of the United States military worldwide. A native of Richmond, Virginia, he was nominated by President Bill Clinton to serve as the Assistant Secretary for Financial Management, and was then promoted to Acting Deputy Secretary for the Department of Veterans Affairs, or VA. While at the VA, Powell was charged with managing 220,000 employees with an annual budget of $48 billion. Under his leadership, the VA received its first-ever clean audit opinion. As a result, he received the VA's Exceptional Service Award and was named Distinguished Federal Executive (for 2000) by the Association of Government Accountants.
Powell's career began as a Navy Yeoman serving with the Defense Intelligence Agency. He bought his first company at the age of 31. His broad executive experience includes the ownership and management of several successful business ventures, and he is a former adjunct professor of Business Ethics and Policy at the University of Richmond School of Business. He passed the Series 7, Securities Broker's Exam, and has held a Virginia real estate broker's license. He has been active in the Young President's Organization since the age of 32, and is now active in the World President's Organization.
Powell received his BA in Economics from Washington and Lee University, and later went on to obtain his MBA from the University of North Carolina at Chapel Hill in 1978, using his GI Bill benefits.