Steve Preston

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Preston (right) is sworn in as Administrator of the SBA, July 26, 2006.
Preston (right) is sworn in as Administrator of the SBA, July 26, 2006.

Steven C. Preston (born ca. 1961) is the 22nd Administrator of the U.S. Small Business Administration. President George W. Bush nominated him to the post.[1] He was confirmed by the U.S. Senate by unanimous consent on June 29, 2006, and was sworn in on July 10, 2006.[2] Prior to leading the SBA, he was an American businessman, serving as Executive Vice President of ServiceMaster, Inc.

Preston grew up in Janesville, Wisconsin and he attended Parker High School, where he was class valedictorian and president of the student congress. He earned a B.A. in political science at Northwestern University and a master's degree from the University of Chicago Graduate School of Business.

He became a senior vice president of First Data Corporation and worked as an investment banker at Lehman Brothers. In 1997 he moved to ServiceMaster as Chief Financial Officer.

He has lived in New York City and Hong Kong as well as international business assignments in Italy and Western Europe.

Preston's nomination has been cause for concern for some in Washington. This is due to the fact that he has never started a business, nor worked for any small or mid-sized companies, since getting his MBA.".[3]


[edit] References

  1. ^ "Bush taps Parker grad for top post", Janesville Gazette, 2006-05-15.
  2. ^ Frawley, Anne Marie. "Steven C. Preston Sworn In As Administrator of SBA", SBA News Release, U.S. Small Business Administration, 2006-07-11, pp. 1. Retrieved on October 23, 2006.
  3. ^ Hofman, Mike. "Can This Man Turn Around the SBA?", Inc. Magazine, 2006-06, pp. 1. Retrieved on July 12, 2006.

[edit] External links

Preceded by
Hector Barreto
Administrator, U.S. Small Business Administration
2006 – present
Incumbent