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United Way's CEO taking job at Vanguard

Alba Martinez, president and chief executive of United Way of Southeastern Pennsylvania, announced yesterday that she will be leaving her post in May to head Vanguard's Education Markets Group.

Alba Martinez, president and chief executive of United Way of Southeastern Pennsylvania, announced yesterday that she will be leaving her post in May to head Vanguard's Education Markets Group.

"After 23 years in the nonprofit and government sector, where I've enjoyed every second, I've become increasingly attracted to the business sector," Martinez said.

Vanguard, one of the world's largest investment-management companies, is delighted that Martinez is making the move.

"Alba Martinez is one of the region's most respected leaders, and has been a tireless advocate for the community at large and, equally important, for individuals and families in need," Vanguard Chairman and CEO Jack Brennan stated in a news release yesterday.

Martinez has held her high office at United Way for more than three years, during which time she headed numerous successful business ventures. Jill Michal, United Way's executive vice president of operations and chief financial officer will serve as interim CEO.

At Vanguard, Martinez will head the Education Markets Group, which focuses on college- saving plans. *