Angela Chao, the influential leader of her family’s shipping enterprise established by her father, tragically passed away at the age of 50 in a car accident. Foremost Group, a company based in New York that specializes in bulk carriers, disclosed the heartbreaking news of her demise, stating that she served as its chief executive and chair.
For six years, Angela Chao had steered the company, assuming leadership from its founder, James Chao, in 2018. The company paid tribute to her, describing Angela as a remarkable executive and a prominent figure in the shipping industry. Additionally, they highlighted her roles as a devoted daughter, sister, aunt, wife, and mother.
Following Angela Chao’s death, let’s delve into the story of her husband and further explore her academic journey and professional accomplishments.
Angela Chao, who leads Foremost Group, was married to Jim Breyer, a well-known American investor. Breyer, born in July 1961 in New Haven, Connecticut, is highly respected in the world of investing, especially in technology.
He founded Breyer Capital and has been running it for over 40 years. During his career, he invested in more than 40 companies that became successful either by going public or merging with other companies. One of his notable investments was in Facebook in 2005, which helped the social media company grow in its early days.
Aside from investing, Breyer serves on the boards of several companies, including Etsy, Legendary Entertainment, Circle Financial, and 21st Century Fox, where he oversees compensation matters as Chairman of the Compensation Committee. He’s also a part-owner of the Boston Celtics basketball team.
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Despite not having biological children of her own, Angela is a devoted stepmother to nine children, three of whom are from her marriage to Jim Breyer.
Angela Chao’s academic journey began with outstanding achievements as she graduated magna cum laude with a bachelor’s degree in economics from Harvard University. She continued her education at the Harvard Business School, earning an MBA.
Her involvement with Harvard didn’t end with her studies. Angela became a valued member of the Harvard Business School’s Board of Dean’s Advisors, earning a position as a board member. She also played a pivotal role in establishing the Ruth Mulam Chu Chao and James Si-Cheng Chao Family Fellow Fellowship at the institution.
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Beyond Harvard, Angela is actively engaged in various communities, including the Young Leaders Forum of the National Committee on U.S.-China Relations, the American Bureau of Shipping Council, the Massachusetts Maritime Academy’s International Maritime Business Department Advisory Board, and the Chairman’s Council of the Metropolitan Museum of Art.
Taking the helm as Chair and CEO of Foremost Group in February 2018, Angela carried forward the legacy of her father, Dr. James S. C. Chao, emphasizing integrity, efficiency, and superior customer service. She also advocated for environmentally sustainable practices within the company.
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