Peter R. Orszag
Peter R. Orszag, PhD, was elected to the Robert Wood Johnson Foundation Board of Trustees in July 2012.
Orszag, an economist by training, serves as vice chairman of investment banking and managing director at Lazard. Previously, he served as vice chairman of corporate and investment banking and chairman of the Financial Strategy and Solutions Group at Citigroup, Inc. He is also a nonresident senior fellow in the Brookings Institution’s Economic Studies Program and a contributing columnist at Bloomberg View. Orszag served as the director of the Office of Management and Budget under President Barack Obama from January 2009 until July 2010. Prior to joining the Obama Administration, he spent two years serving as director of the Congressional Budget Office. Under his leadership, the agency significantly expanded its focus on areas such as health care and climate change.
Earlier in his career, Orszag was the Joseph A. Pechman Senior Fellow and deputy director of economic studies at Brookings, where he also served as director of The Hamilton Project, director of the Retirement Security Project, and co-director of the Tax Policy Center. During the Clinton Administration, he was a special assistant to the president for economic policy and before that a staff economist and then senior adviser and senior economist at the President's Council of Economic Advisers. Orszag has also founded and subsequently sold an economics consulting firm, and served as a distinguished visiting fellow at the Council on Foreign Relations and a contributing columnist at the New York Times.
Orszag serves on the board of directors of the Peterson Institute for International Economics, the Mt. Sinai Medical Center in New York, New Visions for Public Schools, and the Russell Sage Foundation. He is also a member of the National Academy of Medicine, the Trilateral Commission, the Hamilton Project Advisory Council, and the Marshall Scholarship Alumni Advisory Board. He has coauthored or coedited a number of books, including Moneyball for Government (2014), Protecting the Homeland (2006), Aging Gracefully: Ideas to Improve Retirement Security in America (2006), Saving Social Security: A Balanced Approach (2004), and American Economic Policy in the 1990s (2002).
Orszag graduated summa cum laude in economics from Princeton University and obtained a PhD in economics from the London School of Economics, which he attended as a Marshall Scholar.