Derek Kan Explained

Derek Kan
Office:Governor of the United States Postal Service
Term Start:May 20, 2022
Appointer:Joe Biden
Predecessor:John McLeod Barger
Office1:Deputy Director of the Office of Management and Budget
President1:Donald Trump
Term Start1:July 30, 2020
Term End1:December 2020
Predecessor1:Russell Vought
Successor1:Shalanda Young
Office2:Under Secretary of Transportation for Policy
President2:Donald Trump
Term Start2:December 4, 2017
Term End2:July 2019
Predecessor2:Blair Anderson
Successor2:Carlos Monje
Office3:Member of the Amtrak Board of Directors
President3:Barack Obama
Donald Trump
Term Start3:December 15, 2015
Term End3: May 2019
Predecessor3:Nancy A. Naples
Successor3:Joel Szabat
Birth Name:Derek Tai-Ching Kan
Birth Date:15 August 1978[1]
Party:Republican
Education:University of Southern California (BA)
London School of Economics (MSc)
Stanford University (MBA)

Derek Tai-Ching Kan (; born August 15, 1978) is an American businessman and government official who has served as a governor of the United States Postal Service since 2022. He served as deputy director of the Office of Management and Budget in 2020. Kan served as the under secretary of transportation for policy from 2017 to 2019. He was confirmed by the Senate four times.

In the private sector, he has worked for various tech startups, Bain & Co., Elliott Management, Lyft, Oaktree Capital Management, and Toll Brothers.

He is an alumnus of the University of Southern California, the London School of Economics, and Stanford University.

Career

Kan became a Presidential Management Fellow at the Office of Management and Budget in 2004.[2] [3] [4]

From 2006 to 2010, Kan was as a policy adviser to Senate Majority Leader Mitch McConnell.[5]

Kan served as chief economist for the Senate Republican Policy Committee.[6] [7] He served during the 2007-2008 financial crisis and the implementation of Dodd-Frank.[8]

He worked as a management consultant at Bain & Company from 2012 to 2014.

Kan worked as director of strategy at Genapsys, a biotech startup in Silicon Valley from 2014 to 2015. It was later acquired by Sequencing Health.

He was as an advisor at Elliott Management Corporation.

In 2015, President Barack Obama nominated Kan for the board of Amtrak; his appointment was unanimously confirmed by the Senate.[9]

Prior to assuming his Transportation Department position, Kan was the general manager of the Southern California region for Lyft. Kan worked at Lyft from 2015 to 2017.

In April 2017, Kan was nominated by President Donald Trump to become under secretary of transportation for policy in the United States Department of Transportation.[10] He was confirmed by the Senate on November 13, 2017.[11] His work at the Department of Transportation focused heavily on self-driving cars.[12] In July 2019, Kan resigned from his position in the Department of Transportation to take on the position of executive associate director at the Office of Management and Budget.[13]

In 2019, the Trump administration briefly considered Kan for a Federal Reserve board seat.[14]

In 2020, Kan was appointed to the White House Coronavirus Task Force.[15]

In November 2021, President Biden announced he would appoint Kan to the Board of Governors of the United States Postal Service.[16] On May 12, 2022, his nomination was confirmed in the United States Senate by voice vote.[17]

As of 2021, Kan worked as an outside advisor to Oaktree Capital Group with a focus on infrastructure and emerging technology.[18]

In December of 2021, Kan was appointed to the board of Toll Brothers.[19]

As of 2022, Kan served on the board of Deliverr, a startup focused on e-commerce fulfillment services.[20] His work continued after the firm was acquired by Shopify where, as of 2023, he was a vice president.[21]

Education

Kan holds an MBA from Stanford University, where he was an Arjay Miller Scholar. He studied economic history at the London School of Economics where he earned a MSc. Kan earned a BS in business administration from the University of Southern California.[22] [23]

Notes and References

  1. Web site: May 8, 2017 . (Not applicable) . May 14, 2022 . Senate Committee on Commerce, Science, and Transportation . Washington, D.C..
  2. News: Zanona. Melanie. Trump taps Lyft manager for No. 3 spot at Transportation Department . May 18, 2017 . The Hill . April 7, 2017.
  3. News: Brugger . Kelsey . Budget office deputy Derek Kan departs . 11 November 2024 . Politico . 16 December 2020.
  4. Web site: President Donald J. Trump Announces Intent to Nominate and Appoint Individuals to Key Administration Posts . The White House . United States Government . 11 November 2024.
  5. News: Staff . Lyft’s GM Derek Kan may soon assist the U.S President in defining transportation policy reforms . 11 November 2024 . The Tech Portal . 7 April 2017.
  6. News: Dickey. Megan Rose. Trump plans to nominate Lyft's Derek Kan to transportation department . May 18, 2017 . TechCrunch. April 6, 2017.
  7. News: President Donald J. Trump Announces Intent to Nominate Derek Kan to the Department of Transportation. May 18, 2017. National Archives. whitehouse.gov. April 6, 2017.
  8. News: Brown . Courtenay . Report: White House considering Derek Kan for open Fed slot . 11 November 2024 . Axios . 17 May 2019.
  9. News: Primack . Dan . Amtrak's Newest Board Member Works at Lyft. May 18, 2017 . Fortune. January 21, 2016.
  10. News: della Cava. Marco. Trump nominates Lyft exec to join Transportation Department. May 18, 2017 . USA Today. April 6, 2017.
  11. Web site: Derek Kan | US Department of Transportation . June 17, 2018 . https://web.archive.org/web/20180617165047/https://www.transportation.gov/mission/derek-kan . June 17, 2018 . dead .
  12. News: Feldman . Brian . Employee From Lyft, the ‘Woke’ Alternative to Uber, Joins Trump Administration . 11 November 2024 . New York Magazine . 7 April 2017.
  13. Web site: Under Secretary Leaves DOT for OMB. www.enotrans.org. February 2, 2024 .
  14. News: White House Considering Derek Kan for Federal Reserve Board Seat. Bloomberg.com. May 17, 2019.
  15. News: Nelson . Emma . The Wolf looks back on the chaotic, powerful year . 11 November 2024 . The Wolf . 16 December 2020.
  16. News: Biden replaces Ron Bloom, USPS board chair and key DeJoy ally, on postal board.
  17. Web site: May 12, 2022 . PN1425 - Nomination of Derek Kan for United States Postal Service, 117th Congress (2021-2022) . May 14, 2022 . www.congress.gov.
  18. News: Witkowsky . Chris . To be able to copy & paste content to share with others please contact us at subscriptions@pei.group to upgrade your subscription to the appropriate licence . 11 November 2024 . Buyouts . 4 January 2021.
  19. Web site: Board of Directors . Toll Brothers . 11 November 2024.
  20. Web site: Derek T. Kan . Directors & Boards . 11 November 2024.
  21. News: Pasricha . Akash . Pro Weekly: Companies Turn to New Leaders As Growth Slows . 11 November 2024 . The Information . 20 October 2023.
  22. News: Mohsin . Saleha . Who Is Derek Kan? White House Is Considering Him for Fed Reserve Board . 11 November 2024 . Fortune . 17 May 2019.
  23. Web site: Postal Leadership . United State Postal Service . 11 November 2024.