Schmidt Family Foundation October 2011. It also supports the $1.5 million Wendy Schmidt Ocean Health X Prize for work on ocean acidification. In March 2013, the Foundation and the Ellen MacArthur Foundation launched the Schmidt-MacArthur Fellowship, a global fellowship program for developing the skills and innovative mindset needed for the circular economy. Schmidt Family Foundation The Schmidt Family Foundation is a private foundation created in 2006 by Eric Schmidt, the Executive Chairman of Google, and his wife Wendy Schmidt, to address issues pertaining to sustainability and the responsible use of natural resources. The foundation was established in 2006 by Eric and Wendy Schmidt,
Guido Schmidt-Chiari received his PhD in law from the University of Vienna. In 1957 Guido Schmidt-Chiari worked for the Belgian-American Banking Corporation in New York City. In 1958 he began work at Creditanstalt in Vienna, in 1971 he was appointed to the Executive Board and further promoted to CEO in 1988. After the Fall of the Iron Curtain Schmidt-Chiari initiated the expansion of Creditanstalt into Central European countries. Following the acquisition of Creditanstalt by Bank Austria Schmidt-Chiari resigned in 1997. Under the direction of Guido Schmidt-Chiari, the Creditanstalt Group grew manifold and saw net profit after tax grow from 1.2 billion ATS