New APEC Business Advisory Council Member Named
The United States welcomes the appointment of Peggy Johnson, Executive Vice President of Qualcomm and President of Global Market Development, to the United States Asia-Pacific Economic Cooperation Business Advisory Council (ABAC). Ms. Johnson joins current U.S. ABAC members Bart Peterson, Senior Vice President for Corporate Affairs and Communications for Eli Lilly and Company, and Edward Rapp, Group President of Caterpillar Inc.
These American business executives will join their ABAC counterparts from other Asia-Pacific Economic Cooperation forum (APEC) economies to advise APEC officials on issues affecting the continued growth of the region’s economy. ABAC, created in 1995, consists of up to three business representatives from each APEC economy. ABAC meets throughout the year to discuss policy recommendations, undertake activities to promote trade and investment, and report annually to APEC Leaders.
Over the past 24 years, Ms. Johnson has held positions in nearly every facet of the company. She oversees Qualcomm Labs, an incubator focused on launching new businesses and products, as well as exploring new market segments for Qualcomm. Ms. Johnson also serves as a member of Qualcomm’s executive committee. Her current international responsibilities include oversight for regions where many APEC economies reside.
APEC is the premier organization for facilitating economic growth, cooperation, trade, and investment in the Asia-Pacific region. Under the APEC structure, the United States and 20 other of the world’s leading economies come together to strengthen and deepen regional economic integration, address barriers to trade and investment, and tackle a wide range of issues critical to ensuring regional prosperity and economic security.