SAN FRANCISCO, CA, February 1, 2021–Kenneth M. Novack has been elected Chairman of the Board of Directors of BRIDGE Housing, a leading nonprofit developer, owner and manager of affordable housing. Mr. Novack first joined the BRIDGE board in 2014 and has chaired the organization’s Projects, Audit and Governance committees.
Mr. Novack is Chief Executive Officer and Chairman of MMGL Hold Co LLC (formerly Schnitzer Investment Corp.) and related entities including Founding Partner, Schnitzer West. He served as Chairman of Schnitzer Steel Industries, Inc. (NASDQ:SCHN) from 2004-2009 and was Chairman and CEO of Lasco Shipping Co. from 1992-2003. Mr. Novack also was a partner in the law firm of Ball, Janik & Novack (now BallJanik LLP).
His present and past board affiliations include California College of the Arts, Eisenhower Health, California Pacific Medical Center and Oregon Health & Sciences University. He is a Life Trustee of Claremont McKenna College and Lewis & Clark College. Mr. Novack earned a B.A. from Claremont McKenna College and a J.D. from the University of Southern California.
“We’re delighted to welcome Ken as our Chairman,” said Cynthia A. Parker, BRIDGE President and CEO. “He brings to the table valuable expertise across disciplines and geographies that align well with BRIDGE’s mission, including a deep commitment to social justice issues that will support our diversity, equity and inclusion strategies. We look forward to his leadership as we continue to advance our five-year strategic plan.”
“It’s an honor to be named Chairman of BRIDGE,” said Mr. Novack. “I’m grateful for the leadership provided by the previous Chairs—Alan Stein, Rick Holliday and Ron Nahas—and I’m inspired to work with the Board and management as BRIDGE takes on new challenges and opportunities ahead.”