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AUC mourns the tragic death of Dr. Stephen Everhart

Statement of The American University in Cairo

The entire AUC community mourns the tragic and untimely death of Dr. Stephen Everhart.  A dedicated member of our community and a model representative of our University, Steve worked with skill, humor and unflagging devotion to utilize the resources of AUC to nurture entrepreneurs and business leaders across the Middle East, and particularly, of course, in Egypt.   His infectious enthusiasm, his curiosity, passion and wisdom made him a skilled alliance-builder and formidable advocate for business as an engine of growth and prosperity in the developing world.

This loss is felt throughout the University.  Steve’s warmth and intelligence, his affection for his students and colleagues, and the contributions he had already begun to make to a better Egypt will all be deeply missed.

Steve joined the faculty of The American University in Cairo in September 2008 and was named Associate Dean of the School of Business in June 2009. Previously, he served as Managing Director of the Overseas Private Investment Corporation (OPIC) in Washington DC, part of the team managing a $14 billion portfolio invested exclusively in emerging markets.   Prior to joining OPIC as the Director of Risk Management, he held a number of senior positions within the World Bank and the IFC, advising on energy policy, taxation, and financial risk in Azerbaijan, Brazil, Bulgaria, Kazakhstan, Lithuania, México, Russia, and Venezuela.  He also taught at the World Bank Institute. The financial vulnerability models he developed for the central banks in México and Lithuania are still in use today.

He began his career in 1979 on Wall Street, working on the floor of the New York Stock Exchange and subsequently held analyst/portfolio manager positions with EF Hutton, Merrill Lynch, and Pru-Bache Securities.

He earned a B.S. and M.S. in Finance from the Moore School of Business, and an M.A. and Ph.D. in Economics from the Andrew Young School of Policy Studies at Georgia State University.

Impressive as his professional accomplishments were, Steve was beloved as a teacher and colleague as much for his ready smile, his quick offers of help and his selfless advocacy for deserving proposals and collaborative projects. He made friends easily and kept them forever.      

He leaves his wife, Stephanie, and three children, Lindsay, a student at AUC, Hannah and Cooper.

The University will hold a memorial remembrance for Steve in the fall.