SYS-CON MEDIA Authors: Pat Romanski, Jnan Dash, Elizabeth White, Yeshim Deniz, Nikita Ivanov

News Feed Item

Steven M. Hilton To Step Down As President And CEO Of The Conrad N. Hilton Foundation

Hilton will transition by the end of 2015 after 30 years, remain as Chairman of the Board.

LOS ANGELES, March 25, 2014 /PRNewswire-USNewswire/ -- On Tuesday, March 25, 2014, Steven M. Hilton, announced his retirement as President and CEO of the Conrad N. Hilton Foundation at the end of 2015. After 30 years at the Foundation and nearing his 65th birthday, Hilton stated that a new executive will be appointed to lead the Foundation in its next stage of evolution. Hilton is also the grandson of the founder, Conrad N. Hilton.

Steven M. Hilton To Step Down As President And CEO Of The Conrad N. Hilton Foundation

"When I joined the Hilton Foundation in 1983, I couldn't imagine the path that lay ahead," said Steven Hilton. "At that time, a handful of staff guided about $6 million in grants annually. Fast forward to today, and we have grown to a staff of over 50 and have awarded over a billion dollars in grants to improve the lives of disadvantaged and vulnerable people around the world."

Hilton was named President in 1998, CEO in 2005, and Chairman of the Board of Directors in 2012. In 2013, the Foundation awarded $92 million in grants and moved to a permanent campus in Agoura Hills, occupying a facility that earned LEED Platinum status.

"Steve Hilton is that rare leader whose foundation lies in his religious beliefs and his genuine humility, yet who can make tough business decisions," stated William G. Ouchi, Sanford & Betty Sigoloff Professor of Management at UCLA's Anderson School of Management and member of the Hilton Foundation's Board of Directors. "He has guided the Foundation into new program strategies and grown our impact while consistently growing our endowment at the same time. He has the additional task of serving as the representative of a famous family, which he does with style and friendliness. His influence on the Conrad N. Hilton Foundation will be felt for the next fifty years and more."

The Hilton Foundation will continue to conduct strategic initiatives in six priority areas: providing safe water, ending chronic homelessness, preventing substance abuse, helping children affected by HIV and AIDS, supporting transition-age youth in foster care, and extending Conrad Hilton's support for the work of Catholic Sisters. It will also continue awarding the $1.5 million Conrad N. Hilton Humanitarian Prize to a nonprofit organization doing extraordinary work to reduce human suffering.

"It is truly a blessing to see how the collective efforts of our team have improved the lives of disadvantaged and vulnerable people around the world," said Steven Hilton. "The Hilton family philanthropy legacy will continue to grow, as will the Foundation, with my father's pledge." Barron Hilton has committed to leave his personal fortune to the Foundation when he passes. His contribution will surpass the amount that his father, Conrad N. Hilton, initially left to the Foundation. As a result, this organization will likely become one of the dozen largest philanthropies in the United States—and will have greater resources to support domestic and international programs. 

The next Hilton Foundation President and CEO will lead a staff of more than 50. The search process is being led by a committee comprised of Foundation board members, and through the work of a well-regarded executive recruiting firm, Spencer Stuart.

For a full biography for Steven M. Hilton, visit:http://www.hiltonfoundation.org/steven-hilton

For a headshot, visit:http://www.mediafire.com/view/a5sj7lwvmi71e2r/Conrad%20N.%20Hilton-84.jpg

About the Conrad N. Hilton Foundation:
The Conrad N. Hilton Foundation was created in 1944 by international business pioneer Conrad N. Hilton, who founded Hilton Hotels and left his fortune to help the world's disadvantaged and vulnerable people. From its inception, the Foundation has awarded more than $1 billion in grants, distributing $92 million in the U.S. and around the world in 2013. The Foundation's current assets are approximately $2.4 billion. For more information, please visit www.hiltonfoundation.org.

Contact:
Dan Cohen, O:510.465.8294, C: 510.282.7621
Marc Moorghen, O: 818.851.3721, C: 213.608.2557

Photo - http://photos.prnewswire.com/prnh/20140325/DC90411 
Logo - http://photos.prnewswire.com/prnh/20131024/DC04255LOGO-b

Conrad N. Hilton Foundation.

SOURCE Conrad N. Hilton Foundation

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
There's Big Data, then there's really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big D...
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the ...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Ar...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective ...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using ...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
"SAP had made a big transition into the cloud as we believe it has significant value for our customers, drives innovation and is easy to consume. When you look at the SAP portfolio, SAP HANA is the underlying platform and it powers all of our platforms and all of our analytics," explained Thorsten Leiduck, VP ISVs & Digital Commerce at SAP, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
What do a firewall and a fortress have in common? They are no longer strong enough to protect the valuables housed inside. Like the walls of an old fortress, the cracks in the firewall are allowing the bad guys to slip in - unannounced and unnoticed. By the time these thieves get in, the damage is already done and the network is already compromised. Intellectual property is easily slipped out the back door leaving no trace of forced entry. If we want to reign in on these cybercriminals, it's hig...