The IBank is governed and its corporate power exercised by a board of directors consisting of the following persons or their designees:
Dee Dee Myers
Director of the Governor’s Office of Business and Economic Development (GO-Biz)
Dee Dee Myers was named Senior Advisor to the Governor and Director, Office of Business and Economic Development (GO-Biz), in December of 2020. Prior to joining the Newsom Administration, Myers served as Executive Vice President of Worldwide Corporate Communications and Public Affairs for Warner Bros and Managing Director of the Glover Park Group. She also served as White House Press Secretary during President Bill Clinton’s first term and was the first woman to hold the position.
Myers is author of The New York Times best-selling book “Why Women Should Rule the World” and was a consultant on the Emmy Award-winning drama series “The West Wing.” She serves on the boards of the Smithsonian’s National Museum of American History and Wynn Resorts. A graduate of Santa Clara University in California, she lives in Los Angeles with her husband, Todd S. Purdum, and their children.
Fiona Ma was elected California State Treasurer in November 2018. She previously served as Chair and Vice Chair of the California State Board of Equalization from 2015 to 2019, representing more than nine million taxpayers. There, she led historic reforms to increase efficiency and transparency at the agency. As a state legislator, she was the first and only Asian-American woman ever elected California Assembly Speaker pro Tempore, the second-highest ranking office in the Assembly. During her time as a legislator, she passed landmark legislation to ban toxic chemicals in children’s toys, protect small business-owners and expand opportunities for homeowners.
She previously served as a San Francisco Supervisor.
Fiona Ma is California’s 34th State Treasurer. She was elected November 6, 2018 with more votes (7,825,587) than any other candidate for Treasurer in the state’s history. She is the first woman of color and the first woman Certified Public Accountant to be elected to the position. Fiona is a licensed Certified Public Accountant in California since 1992 and holds a Bachelors Degree in Accounting from the Rochester Institute of Technology (NY), a Masters Degree in Taxation from Golden Gate University (SF) and an MBA from Pepperdine University.
Director of the Department of Finance
Joe Stephenshaw was appointed as Director of the California Department of Finance by Governor Newsom in July 2022. In this role, he serves as the Governor’s Chief Fiscal Policy Advisor. Prior to his appointment, Stephenshaw served in Governor Newsom’s Office as a senior counselor on infrastructure and fiscal affairs.
Stephenshaw was staff director for the Senate Budget and Fiscal Review Committee from 2017 to 2022. He held multiple positions in the California Legislature from 2008 to 2017, including serving as a policy consultant in the Office of the Senate President pro Tempore, a special advisor to the Speaker of the Assembly, and as a budget consultant for both the Assembly Budget Committee and the Senate Budget and Fiscal Review Committee. Stephenshaw was a budget analyst for the California Department of Finance from 2005 to 2008.
Stephenshaw is a graduate of Menlo College with a bachelor’s degree in Business Administration. He also earned a Master of Business Administration degree from California State University, Sacramento.
Secretary of the California State Transportation Agency
Toks Omishakin was appointed the Secretary of the California State Transportation Agency (CalSTA) by Governor Gavin Newsom and sworn in February 2022. He previously served as Director of the California Department of Transportation (Caltrans) since 2019, where he managed a $15 billion budget and nearly 22,000 employees who oversee 50,000 lane miles of highway and maintain approximately 20,000 bridges. Omishakin’s transportation vision for California features a safe, equitable, sustainable, and multimodal transportation system that builds on strong local partnerships.
Having been immersed in the transportation industry for almost two decades, Secretary Omishakin came to CalSTA and Caltrans following eight years with the Tennessee Department of Transportation.
Omishakin is completing a Ph.D. in Engineering Management from the University of Tennessee, Knoxville; has a master’s degree in Urban and Regional Planning from Jackson State University, and holds a bachelor’s degree in Engineering Technology from Mississippi Valley State University.
Retired State Legislator, Governor’s Appointee
Marc Steinorth is a local entrepreneur, small businessman, and retired state legislator. Twenty-one years ago, Marc founded Atlas Buying Group, Inc. which provides professional services to local businesses and corporations nationwide, helping them grow and create jobs.
Marc Steinorth was elected to the California State Legislature in 2014, and reelected in 2016, to represent the 40th Assembly District, which includes the communities of Rancho Cucamonga, San Bernardino, Highland, Loma Linda, and Redlands. Marc was successful in helping bring jobs and resources to the Inland Empire, including $300 million in infrastructure funding.
Prior to his service in the Legislature, Marc served as a City Council Member for the City of Rancho Cucamonga. During that time, Marc worked to faithfully carry out prudent financial decisions that reflect good stewardship of public monies by the City, on behalf of Rancho Cucamonga residents. These guiding leadership and management principles, Marc has developed, are drawn from his extensive experience as a successful entrepreneur and businessman. Marc Steinorth holds a BA from the University of California, Riverside in Political Science. He lives in Rancho Cucamonga with his two children, Madison and Mason.