<%@ Language=VBScript%> Armenia Fund USA




News - New Chairman at Armenia Fund USA

February 15, 2003

With a successful 2002 year-end fundraising campaign, Armenia Fund USA starts 2003 with a new leadership and an ambitious agenda.

On January 1st 2003 Mr. Kevork Toroyan began his term as the new Chairman of the Armenia Fund USA. Mr. Toroyan has been the Chairman-Elect since May 2002, and previously served as Vice-Chairman of the Armenia Fund USA for 5 years.

Mr. Toroyan replaces Mr. Hagop Kouyoumdjian, who will remain on the Board of the Armenia Fund USA as Honorary Chairman. Both men have been working closely together with Armenia Fund USA projects since 1997. Mr. Kouyoumdjian had been the Chairman of the Board at the Armenia Fund USA Since 1995.

Mr. Toroyan has extensive experience in the field of construction on a global scale and has played a key role in supervising Armenia Fund projects, traveling frequently to Armenia and Karabagh to oversee infrastructure and education initiatives. He successfully developed and implemented sophisticated transparent bidding policies, quality control supervision guidelines, and a financial procurement process. As a result, Armenia Fund USA projects are based upon transparency and financial accountability to ensure that every dollar is directed to those in need and deployed with a maximum level of efficiency.

Mr. Toroyan is currently the President of Delma Properties, a real estate investment firm based in New York City, and a Board Member of Consolidated Contractors Company (CCC), a well-established multinational construction firm with yearly revenues in excess of $1.5 billion. His involvement as a key Senior Executive of CCC, spanning over 40 years, brings much-needed experience in supervising large-scale projects in both Armenia and Karabagh.

Mr. Toroyan currently chairs the Committee of the Eastern Diocesan Legate, and is a Fellow Trustee of the Armenian Assembly of America. He was a member of the Executive Committee of Builders for Peace, established at Vice President Al Gore’s initiative to support the Israeli Palestinian peace initiative at Oslo.

Mr. Toroyan is a graduate of the American University of Beirut with a degree in architectural engineering. He is married to Pamela and lives in New Canaan, CT.

Armenia Fund USA is dedicated to investing in the future of Armenia, a nation in economic and social transition brimming with potential for a prosperous future. The key to unlocking growth and progress is achieved by addressing pervasive needs on a ground level through long-range solutions that go beyond emergency assistance. Armenia Fund USA seeks to build self-sustaining solutions that affect the greatest number of people by supporting infrastructure projects, healthcare and education needs and social and economic endeavors essential to national integrity and stability.

Founded in 1992, Armenia Fund USA is a non-partisan, not-for-profit organization that strives to ensure that every dollar donated to this ambitious enterprise is tracked carefully and accounted for at every point along the way. We believe that a better world is achieved one person, one generation, one nation at a time. With your help we can raise hopes and forge unbreakable foundations for a thriving national future.

We invite you to learn more and to take part in a long-standing effort to build, revitalize and grow the Republic of Armenia. For more information on Armenia Fund USA call the fund at (212) 689-5307 and speak with one of our staff members.