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Chemonics' Bassan to Launch Own Firm in 2011

After 18 years with Chemonics, Senior Vice President Betsy Bassan has announced she will be leaving the firm at the end of 2010 to launch her own woman-owned small business, the Panagora Group.

Bassan, who has led the company’s International Health Group since its launch 10 years ago, said her firm will focus on providing novel and integrated solutions in health and development. As Chemonics’ newest small business partner, Bassan’s Panagora Group will provide technical assistance to ongoing programs and partner with the firm on upcoming business development opportunities.

Chemonics and Panagora will also present this new partnership for recognition through USAID’s Mentor-Protégé Program. The Mentor-Protégé Program is open to any USAID prime contractor (large or small) that demonstrates a commitment and capability to assist in the development of a small business protégé. Chemonics is a long-time supporter of its small business partners and recently hosted 31 small firms at its 12th annual Small Business Fair.

“We will miss the leadership and energy Betsy brings to our executive team, but this is an outstanding opportunity for Betsy to bring her dynamism and innovative ideas directly to bear on development projects around the world,” said President and CEO Richard Dreiman. “We look forward to a successful collaboration with Betsy as she takes on this new challenge.”

In making her announcement to Chemonics employees, Bassan said she’s excited by the opportunities that exist in health and development to develop public-private partnerships and multisectoral approaches that build sustainable country capacity.

“I look forward to continuing to collaborate closely with my Chemonics’ colleagues in the start-up of Panagora and with the many other health and development partners I have enjoyed working with over the years,” Bassan said. “And I am eager to keep making a difference through innovative and exciting development solutions.”

An internal recruit for a new senior vice president of Chemonics’ International Health Group is currently underway. An announcement about the group’s new leadership will be made after the new year.


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