September 17, 2009 – Executive search firm Spencer Stuart has recruited Michael Schlein as president and chief executive officer of ACCION. Mr. Schlein previously served as president of international franchise management at Citigroup. "It's been a privilege to serve on the search committee, and we extend our deep thanks to the recruitment firm for their exhaustive work," said Catherine Quense, acting ACCION president and CEO, who will remain on the organization's senior management team once Mr. Schlein begins. "Spencer Stuart ran a global search and reached over 150 candidates, from which Michael was selected among extremely strong finalists." ACCION is a private, nonprofit organization with the mission of giving people the financial tools they need – microenterprise loans, business training and other financial services – to work their way out of poverty. Founded in 1956 and privately owned, Spencer Stuart is an executive search consulting firm with 51 offices in 27 countries.