Presidential Documents

Federal Register / Vol. 90, No. 7 / Monday, January 13, 2025 / Presidential Documents 2603 

Memorandum of January 3, 2025 

Designation of Officials of the United States International Development Finance Corporation To Act as Chief Executive 

Officer 

Memorandum for the Chief Executive Officer of the United States International Development Finance Corporation 

By the authority vested in me as President by the Constitution and the 

laws of the United States of America, including the Federal Vacancies Reform 

Act of 1998, as amended, 5 U.S.C. 3345 et seq. (the ‘‘Act’’), it is hereby 

ordered that: 

Section 1. Order of Succession. Subject to the provisions of section 2 of 

this memorandum, and to the limitations set forth in the Act, the following 

officials of the United States International Development Finance Corporation 

(DFC), in the order listed, shall act as and perform the functions and duties 

of the office of the Chief Executive Officer of DFC during any period in 

which the Chief Executive Officer has died, resigned, or otherwise become 

unable to perform the functions and duties of the office of Chief Executive 

Officer: 

(a) Deputy Chief Executive Officer; 

(b) Head of Investment; 

(c) Chief Operating Officer; 

(d) Chief of Staff; 

(e) Vice President and General Counsel; 

(f) Senior Vice President for Investment; 

(g) Senior Vice President for Management; 

(h) Deputy General Counsel for Policy, Monitoring, and Corporate Affairs; 

and 

(i) Chief Financial Officer and Vice President, Finance. 

Sec. 2. Exceptions. (a) No individual who is serving in an office listed 

in section 1 of this memorandum in an acting capacity shall, by virtue 

of so serving, act as Chief Executive Officer pursuant to this memorandum. 

(b) No individual who is serving in an office listed in section 1 of this 

memorandum shall act as Chief Executive Officer unless that individual 

is otherwise eligible to so serve under the Act. 

(c) Notwithstanding the provisions of this memorandum, the President 

retains discretion, to the extent permitted by law, to depart from this memorandum in designating an acting Chief Executive Officer. 

Sec. 3. Revocation. The Presidential Memorandum of January 8, 2021 (Providing an Order of Succession Within the United States International Development Finance Corporation), is hereby revoked. 

Sec. 4. General Provisions. (a) Nothing in this memorandum shall be construed to impair or otherwise affect: 

(i) the authority granted by law to an executive department or agency, 

or the head thereof; or 

(ii) the functions of the Director of the Office of Management and Budget 

relating to budgetary, administrative, or legislative proposals. 


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2604 Federal Register / Vol. 90, No. 7 / Monday, January 13, 2025 / Presidential Documents 

(b) This memorandum shall be implemented consistent with applicable 

law and subject to the availability of appropriations. 

(c) This memorandum is not intended to, and does not, create any right 

or benefit, substantive or procedural, enforceable at law or in equity by 

any party against the United States, its departments, agencies, or entities, 

its officers, employees, or agents, or any other person. 

(d) You are authorized and directed to publish this memorandum in 

the Federal Register. 

THE WHITE HOUSE, 

Washington, January 3, 2025 

[FR Doc. 2025–00676 

Filed 1–10–25; 8:45 am] 

Billing code 3210–02–P 


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