For Immediate Release: January 23, 2001
Contact: Julie Shaw, 202-939-2211


Strobe Talbott Returns to and
Donald V. Fites Joins the
Carnegie Endowment?s Board of Trustees

Jessica T. Mathews, president of the Carnegie Endowment for International Peace, announced today that former Deputy Secretary of State Strobe Talbott has returned to the Endowment?s board of trustees and that Donald V. Fites has joined as a new member.

"A highly accomplished diplomat and journalist, Strobe Talbott is a remarkable asset to the Endowment?s board. He will be a great resource to our Russian and Eurasian Program, which is already the leading research and policy program examining the former Soviet Union. We are honored that he is returning to the board," Mathews said. "As former head of Caterpillar, Donald Fites helped steer the company to its leading global position. With enormous international experience and broad leadership in the private sector, he will bring corporate insight to the Endowment?s work."

Strobe Talbott served as Deputy Secretary of State from February 1994 until January 2001. In that post, he was instrumental in shaping U.S. foreign policy, most notably toward Russia. He was a leading government official in non-proliferation and security talks in South Asia, dispatched to conduct high-level talks with India and Pakistan after the two countries? nuclear tests in May 1998. Before deputy secretary, he served for a year as Ambassador-at-Large and Special Adviser to the Secretary of State on the New Independent States.

A longtime journalist, Talbott worked at Time magazine for 21 years before he entered government. His last position was the magazine?s editor-at-large and foreign affairs columnist. Talbott is the author of six books on diplomacy and U.S.-Soviet relations, including Master of the Game: Paul Nitze and the Nuclear Peace and The Russians and Reagan. He also translated and edited two volumes of Nikita Khrushchev?s memoirs.

Starting in July 2001, Talbott will join Yale University as director of the new Yale Center for the Study of Globalization and professor in the field of international relations. He previously served on the Endowment?s board of trustees from 1986 to 1993.

Donald V. Fites is former chairman and chief executive officer of Caterpillar, having served in those posts from June 1990 until his retirement in February 1999. As chairman, he implemented several strategic initiatives that have strengthened Caterpillar?s global industry leadership and led the construction equipment company to record revenue and profits.

Fites became a corporate vice president in 1981, executive vice president in 1985, a director in 1986, and president and chief operating officer in June 1989. His more than 42 years with Caterpillar include 16 years in overseas management positions, including area manager of Southern Africa; area manager of Central Europe; marketing director of Caterpillar Mitsubishi Ltd. in Tokyo; and president of Caterpillar Brasil S.A. in Sao Paulo, Brazil.

Fites currently serves on the board of directors of various corporations, including Exxon Mobil Corporation, Georgia-Pacific Corporation, Oshkosh Truck Corporation, Wolverine World Wide, and AT&T. He is past-chairman of the Business Roundtable, the U.S.-Japan Business Council, the National Foreign Trade Council, and a former member of the President?s Advisory Committee for Trade Policy and Negotiations, serving under Presidents Reagan, Bush, and Clinton.

With the addition of Talbott and Fites, the Carnegie Endowment now has twenty-four trustees, headed by William H. Donaldson, chairman of the board. They join a distinguished group of foreign policy leaders: Bill Bradley, Robert Carswell, Jerome A. Cohen, Gregory B. Craig, Richard A. Debs, Susan Eisenhower, Leslie H. Gelb, William W. George, Richard Giordano, Jamie Gorelick, Stephen D. Harlan, Donald Kennedy, Robert Legvold, Wilbert J. LeMelle, Stephen R. Lewis Jr., Jessica T. Mathews, Zanny Minton Beddoes, Olara A. Otunnu, Geneva Overholser, William J. Perry, and W. Taylor Reveley III.

About the Carnegie Endowment for International Peace
Founded in 1910, the Carnegie Endowment for International Peace is a private, nonprofit organization dedicated to advancing cooperation among nations and promoting active international engagement by the United States. The Carnegie Endowment?s research projects are grouped in two areas, the Global Policy Program and the Russian and Eurasian Program. The Endowment publishes Foreign Policy magazine and operates the Carnegie Moscow Center to address compelling issues confronting post-communist societies. Visit for more information on programs, staff, and publications.