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Penny Pritzker will join Microsoft's board later this month. 0

Penny Pritzker ramps up her interest in tech

November 1st, 2017

Penny Pritzker, the Chicago businesswoman and former U.S. Commerce Secretary, is ramping up her interest in tech.

She has been named as a likely new board member at Microsoft as her company has increased its investment in technology.

Pritzker is expected to be officially appointed at Microsoft’s shareholder meeting Nov. 29. The appointment comes as the software giant is expanding its board to 14 members.

The Chicago businesswoman has an impressive pedigree that dovetails well with the work at Microsoft.

Pritzker is an heir to the Hyatt Hotel dynasty. But she’s forged her own career path, having founded PSP Capital. She’s chairman of that Chicago-based investment company. Pritzker’s brother is fellow billionaire J.B. Pritzker–he’s also a gubernatorial candidate.

Along with her understanding of trade issues, Penny Pritzker is well-versed on issues of importance to Microsoft.

PSP Growth, which is part of her company, is focusing on investing in tech.

And Pritzker is behind a Washington, D.C. nonprofit that focuses on cyber risk-management best practices.

The Cyber Readiness Institute was launched to help the private sector “better address cybersecurity risk management across value chains, with a particular emphasis on support for small and medium-sized enterprises,” according to a recent announcement about the group.

 

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