Kurt Summers, Jr.

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Kurt Summers

Chicago Treasurer (2014-)

Most of Kurt Summers, Jr.'s childhood was in Bronzeville, but he also lived for periods in Florida and Nashville. Finally, he ended up back in Chicago where he graduated from Whitney Young High School after skipping a grade. His academic excellence continued, where he attended Washington University in St. Louis where he gradated with honors and spoke at commencement, then earned an M.B.A. at Harvard, launching him into a finance career. But politics was always close by, as he was tutored by his grandfather, Sam Patch, a close advisor to the late Mayor Harold Washington.

His work impressed Aon's Patrick Ryan, who selected him to be chief of staff of Chicago's 2016 Olympic bid committee at 28 years old. Following the failed Olympic bid, Summers became Cook County Board President Toni Preckwinkle's Chief of Staff, helping to lead her charge to trim down and restructure county government. Summers' has said he first met Preckwinkle as a teenaged bag boy in the Hyde Park grocery she used to frequent.

Summers left Preckwinkle's office in 2012 to work for politically-connected GCM Grosvenor, which is led by Rahm Emanuel ally, Michael Sacks.

Summers' finance background and government leadership positions made him an ideal replacement for City Treasurer Stephanie Neely when she retired in 2014 to return to municipal bond work. As Treasurer Summers has been relatively apolitical, focusing on financial stewardship of the city's pensions and billions of dollars of investments.

Summers is rumored as "Preckwinkle's candidate" should Mayor Emanuel choose not to run for reelection in 2019. He lives in Hyde Park

Education

  • Washington University in St. Louis, B.A.
  • Harvard University, M.B.A.

Important Political Events

  • 2008, Appointed Chief of Staff for Chicago 2016, Olympic bid committee
  • 2010, Appointed Chief of Staff for Cook County President Toni Preckwinkle
  • 2014, Appointed Chicago City Treasurer, replacing Stephanie Neely
  • 2015, Elected Chicago City Treasurer unopposed

Sources

https://en.wikipedia.org/wiki/Kurt_Summers,_Jr.
http://articles.chicagotribune.com/2012-10-25/business/ct-biz-1025-confidential-summers-20121026_1_kurt-summers-jr-toni-preckwinkle-hedge
http://www.chicagotribune.com/news/ct-new-chicago-treasurer-kurt-summers-met-1212-20141212-story.html
http://hpherald.com/2014/12/24/hyde-parker-takes-on-new-role-as-chicago-treasurer-prepares-for-re-election/