Adewale Adeyemo has been announced as the first president of the Obama Foundation which is a nonprofit organization set up by former US president, Barack Obama.

Adeyemo’s appointment was announced via a statement on the organization’s website.

The statement added that Adeyemo, who is fondly called “Wally” will work closely with current Foundation leadership, including Board Chairman Martin Nesbitt and CEO David Simas.

Specifically, Adeyemo will manage the Foundation’s day-to-day operations, helping to implement the organization’s overall strategic goals and vision.

Nesbit was quoted as saying, “Wally is the ideal person to help lead the Foundation team as we continue to grow the impact of our global civic engagement programs and advance the Obama Presidential Center.

“Given his executive experience in both the public and private sectors and previous service with President Obama, Wally is well-positioned to help us continue to translate our sky-high ambitions into operational reality through daily leadership of our talented staff.”

In 2015, Adeyemo was appointed as President Obama’s senior international economics adviser, responsible for coordinating the policymaking process related to international finance, trade and investment, energy, and environmental issues.

He has also held several senior management positions at the US Department of the Treasury, including Senior Adviser and Deputy Chief of Staff.