WASHINGTON, D.C, February 15, 2008 - David M. Walker, Comptroller General of the United States and head of the U.S. Government Accountability Office (GAO) today announced his intention to resign his position effective March 12, 2008 in order to accept the position of President and Chief Executive Officer of the newly established Peter G. Peterson Foundation.
Walker has been Comptroller General of the United States since November 1998. During his tenure, the GAO has undergone a major transformation during which the agency's role has expanded while its visibility, viability and performance have improved significantly. In addition to leading this effort, Walker has worked to modernize the accountability profession both domestically and internationally. He has also been an outspoken advocate of the need for federal policymakers to address the fiscal and other key sustainability challenges and government transformation needs facing the United States.
The Peterson Foundation will be dedicated to engaging in various actions designed to educate and activate Americans, especially younger Americans, the business community and the media, while also seeking and supporting sensible policy solutions to a range of sustainability and transformation challenges. Peterson has committed to contribute at least $1 billion to the Foundation and related efforts over the next several years.
Walker noted that his decision was motivated by his desire to maximize his ability to make a real and lasting difference to address the fiscal, entitlement, health care, energy, education and other major sustainability challenges facing the United States.