August 7, 2017: Ray Washburne was confirmed as the President of the U.S. Overseas Private Investment Corporation (OPIC) by the U.S. Senate on Thursday, August 3, 2017. Washburne was nominated on June 5, 2017. Washburne, 57, of Texas, is a co-founder of the M Crowd Restaurant Group, owning forty-six restaurants, which includes the Mi Cocina and Taco Diner restaurant chains. In addition to restaurants, he also has other real-estate developments in several states, and he is the chief executive officer of Charter Holdings. In 2009, Washburne and his wife Heather, along with Stephen Summers and his spouse Elisa Summers, who is Heather's sister, in 2009 bought the Highland Park Village, an upscale shopping center in Dallas, for $170 million.