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Paul V. Applegarth

Paul Vollmer Applegarth is an American business executive, financial consultant, banker, and lawyer. He was the first chief executive officer of the Millennium Challenge Corporation, President George W. Bush's flagship project to provide development aid to poor countries.

Early life
Applegarth was born in Wilkinsburg, Pennsylvania. He is the son of Alice (née Vollmer) and William "Bill" Francis Applegarth, an engineer, college professor, and manufacturer of air conditioners. The family moved to Atlanta, Georgia in 1947 where Applegarth was raised. He attended the Christ the King School, before going to the Marist School where he was manager of the football team and graduated in 1964. Applegarth attended Yale University, receiving a B.A. cum laude in economics, with a minor in corporate finance and development, in 1968. While there, he was a member of the fraternity of St. Anthony Hall. From 1968 to 1970, he served as a lieutenant, then captain, in the United States Army during the Vietnam War. He describes his role in Vietnam as "part Peace Corps and part Special Forces." In addition to combat, he built schools and trained village chiefs. Applegarth received an M.B.A. from Harvard Business School and a J.D. from Harvard Law School in 1974. He received First Year Honors and was a Baker Scholar from Harvard Business School. == Career ==
Career
Applegarth began his career with World Bank in 1974, remaining there until 1983. Applegarth said the job “represents a culmination of an awful lot I’ve done in my life. The job and the whole mission seemed to be made for me.” In June 2005, he announced that he would be stepping down from his CEO position after just eleven months. He was a Senior Transatlantic Fellow at the German Marshall Fund from 2005 to 2006. In 2009, Applegarth joined Finnacle Financial Advisors, an international investment bank group. == Awards and honors ==
Awards and honors
• Alumnus of Year, Marist School, 2000 • White House Fellows, 1981–1982 • Baker Scholar, Harvard Business School, 1974 == Personal life ==
Personal life
His family lived in Greenwich, Connecticut. He speaks Chinese, French, Spanish, Tagalog, and Vietnamese. == References ==
External sources
Paul Applegate C–SPAN interview
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