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Keith J. Krach

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Keith J. Krach (born April 1, 1957) is an American businessman and former diplomat. He is the former chairman and CEO of DocuSign . Krach co-founded Ariba , and was chairman and CEO, and is recognized for his work in B2B Commerce and Digital Transaction Management. Krach was chairman of the board of Angie’s List . Krach was the youngest-ever Vice President of General Motors . He was Chairman of the board of Trustees for Purdue University .

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89-658: On June 20, 2019, he was confirmed by the Senate to become Under Secretary of State for Economic Growth, Energy, and the Environment in the Trump administration . He was succeeded by acting senior official Marcia Bernicat in 2021. Krach was born in Lakewood, Ohio , to Elda and John Krach and was raised in the small town of Rocky River, Ohio . Krach says that his first and most important mentors were his parents. Krach's father

178-714: A warm-summer Mediterranean climate , like much of California. Los Gatos rarely gets a hard frost . Los Gatos gets the slight winter chill that is needed to grow grapes and have vineyards . Types of bananas that ripen within three months grow well during the summer. The record high temperature was 114 °F (46 °C) on June 14, 1961, and the record low temperature was 16 °F (−9 °C) on December 22, 1990. There are an average of 27 days annually with highs of 90 °F (32 °C) or higher and an average of 5 days annually with lows of 32 °F (0 °C) or lower. Rainfall averages 21.2 inches (54 cm) annually and falls on an average of 59 days annually. The wettest year

267-677: A 1-for-1 match for DocuSign's employees for nonprofit entities such as the Special Olympics , Team Rubicon , Techbridge Girls, Free The Children , and New Story. Krach serves as Advisory Board Chairman for New Story, which, among other causes, provided disaster relief initiative for Haiti after Hurricane Matthew in 2016. Krach gave a $ 1 million gift to City Year for the organization's San Jose and Silicon Valley branch to reach about 1,000 students at 12 elementary and middle schools through after-school programs focused on teaching science, technology, engineering, and math. The grant also funds

356-591: A 20-mile (32 km) loop through the Santa Cruz Mountains. From downtown, El Sereno mountain stands to the southwest; El Sombroso stands to the southeast. The El Sereno Open Space Preserve and the Sierra Azul Open Space Preserve open the top and upper flanks of each of these mountains to hiking and cycling. Though the official total area of the town is 11.2 square miles, approximately 100 square miles (260 km ) of

445-468: A 97% CEO rating on Glassdoor. DocuSign filed for its IPO in April 2018. As of that date, Krach was the largest individual shareholder unaffiliated with a venture firm. In an interview with Inside Philanthropy , Krach signaled his intention to focus more on philanthropy upon stepping down as DocuSign chairman. From 2006 to 2009, Krach served on the board of directors of XOJet , and from 2007 to 2011, on

534-522: A diverse group of technology and community leaders selected by New York City's Mayor, Bill de Blasio . Krach is the founder of the Global Mentor Network. The organization connects young people with industry leaders through a video-based platform piloted in 2018 with retired four-star General Stanley McChrystal , former NASA Administrator Dan Goldin, City Year Founder Michael Brown, and former Deutsche Bank COO Kim Hammonds. In 1998, Krach

623-469: A female householder with no husband present, and 39.1% were non-families. 29.7% of all households were made up of individuals, and 10.0% had someone living alone who was 65 years of age or older. The average household size was 2.33 and the average family size was 2.93. In the town the population was spread out, with 21.2% under the age of 18, 4.3% from 18 to 24, 31.5% from 25 to 44, 27.7% from 45 to 64, and 15.3% who were 65 years of age or older. The median age

712-459: A full recovery. Rail transport played a large role in Los Gatos's historical development, but the city, as of 2020, has no regular passenger train service of any sort. The South Pacific Coast Railroad , a popular narrow-gauge line from Alameda (and San Francisco via ferry) to Santa Cruz in the late 19th century, stopped in Los Gatos. Southern Pacific took over this line in 1887. Los Gatos

801-404: A generally unacceptable range for residential living. Vasona Park , a county park, and neighboring Oak Meadow Park, which belongs to the town, are located in what is roughly the geographic middle of the town, bordered on the south by Blossom Hill Road, on the east by Highway 17, on the west by University Avenue, and reaching at the north end not quite all the way to Lark Avenue. Located in the parks

890-467: A household was $ 198,117, with family households having a median income of $ 240,688 and non-family households $ 113,207. The per capita income was $ 120,561. Out of the 32,700 people with a determined poverty status, 3.9% were below the poverty line . Further, 2.0% of minors and 6.4% of seniors were below the poverty line. In the survey, residents self-identified with various ethnic ancestries. People of German descent made up 11.1% of

979-686: A living stipend, summer jobs with the automaker, and a full-time position with the company in Detroit following graduation. After graduating from Purdue in 1979, Krach received a fellowship which also included half salary from General Motors to study for an M.B.A. from Harvard University Business School . Upon completion of his master's degree in 1981, he joined GM full time. Krach began his career at General Motors where he worked at GM's Cadillac Division and Technical Center in Detroit, Michigan and GM's New York Treasurer's Office under Rick Wagoner . He

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1068-447: A male householder with no partner present, and 21.5% had a female householder with no partner present. The median household size was 2.54 and the median family size was 3.05. The age distribution was 22.9% under 18, 5.3% from 18 to 24, 20.8% from 25 to 44, 31.0% from 45 to 64, and 20.1% who were 65 or older. The median age was 45.6 years. For every 100 females, there were 98.8 males. The median income for

1157-674: A plan to build a $ 12 billion 5 nanometer semiconductor fab in the United States. TSMC represented the largest onshoring in US history. On September 17, 2020, Krach was the first Under Secretary to visit Taiwan since the United States stopped recognizing the government in Taipei (replacing it instead in favor of the government in Beijing). Krach attended the funeral of former Taiwanese President Lee Teng-hui , and met with President Tsai , and led

1246-458: A population of 29,413. The population density was 2,635.7 inhabitants per square mile (1,017.6/km ). The racial makeup of Los Gatos was 24,060 (81.8%) White , 269 (0.9%) African American , 86 (0.3%) Native American , 3,203 (10.9%) Asian , 52 (0.2%) Pacific Islander , 462 (1.6%) from other races , and 1,281 (4.4%) from two or more races. Hispanic or Latino of any race were 2,120 persons (7.2%). The Census reported that 29,063 people (98.8% of

1335-400: A senior State Department official, Keith Krach, wrote a letter warning universities to divest from Chinese firms ahead of possible delistings." On January 14, 2021, Krach cautioned financial institutions by holding a press conference and issuing a U.S. Department of State fact sheet titled "Communist Chinese Military Companies Listed Under E.O. 13959 Have More Than 1,100 Subsidiaries" expanding

1424-745: A team of school-based AmeriCorps members, including opportunities for professional development. Krach co-founded the Children's Autistic Network and served on the board of governors for Opportunity International . In August 2018, Krach made an endowment-level gift to the Sigma Chi Foundation that will establish the Krach Transformational Leaders Workshop. This will replace the Balfour Leadership Training Workshop as

1513-578: A web of subsidiaries, index funds, financial products and lack of proper disclosure, the average American investor is forced to support Chinese companies in their pension funds, 401Ks, brokerage accounts, charitable and university endowments. On January 7, 2021, The New York Stock Exchange announced the delisting of three major Chinese telecommunications firms. China Telecom Corp. shares dropped 9.4% and China Mobile Ltd. fell 7.2%, closing at their lowest prices since 2008 and 2006 respectively. China Unicom’s stock slid 11%. Bloomberg noted, "As far back as August,

1602-636: Is an incorporated town in Santa Clara County, California , United States. The population is 33,529 according to the 2020 census . It is located in the San Francisco Bay Area just southwest of San Jose in the foothills of the Santa Cruz Mountains . Los Gatos is part of Silicon Valley , with several high technology companies maintaining a presence there. Netflix , the streaming service and content creator,

1691-509: Is bisected by State Route 17 , which runs through the town from south to north. State Route 85 roughly marks the northern boundary of the town, although a few pockets of homes to its North are included. Highway 9 (Los Gatos-Saratoga Road) from the coast terminates at Highway 17. Downtown Los Gatos, the area on and around Santa Cruz Avenue and Main Street, is located in the southwest quadrant of town. A left exit on northbound Highway 17 becomes

1780-453: Is headquartered in Los Gatos and has developed a large presence in the area. Los Gatos is Spanish for "The Cats". The name derives from the 1839 Alta California land grant that encompassed the area, which was called La Rinconada de Los Gatos ("The Corner of the Cats"), where the cats refers to the cougars (mountain lions) and bobcats that are indigenous to the foothills in which

1869-569: Is in the 15th Senate District , represented by Democrat Dave Cortese , and in the 28th Assembly District , represented by Democrat Gail Pellerin . In the United States House of Representatives , Los Gatos is in California's 16th congressional district , represented by Democrat Anna Eshoo . Los Gatos was in the 18th district until January 3, 2023, when the new district boundaries commenced . The seal of

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1958-682: Is now located in Monte Sereno ); Justin Goodsell, a renowned quantum mechanics spectroscopy scientist, was born in this town, and a prominent Beat hero Neal Cassady lived there in the 1950s. Along with much of the Santa Clara Valley , Los Gatos became a suburban community for San Jose beginning in the 1950s, and the town was mostly built out by the 1980s. Downtown Los Gatos has retained and restored many of its Victorian -era homes and commercial buildings. Notable buildings include

2047-567: Is the popular William "Billy" Jones Wildcat Railroad. In Vasona Park is the trail to Prune Ridge. Los Gatos Creek begins in the Santa Cruz Mountains south of the town and runs through the town parallel to Highway 17 all the way through neighboring Campbell and San Jose to the Guadalupe River , which flows into San Francisco Bay. A walking, jogging, and biking trail called the Los Gatos Creek Trail runs alongside much of

2136-633: The Forbes Mill annex, dating to 1880 and formerly housing a history museum; Los Gatos High School, which dates from the 1920s; and the Old Town Shopping Center, formerly the University Avenue School (the school was established in 1882; the current buildings date to 1923). The Lyndon Hotel was another location of significance in the town from its establishment in the 1890s until it was razed in 1963.The building

2225-819: The $ 1.4 billion acquisition of Tradex software maker for building online communities of buyers and sellers. In 2009, Krach became the chairman and in 2011 the CEO of DocuSign , a technology company which provides electronic signature and digital transaction management services. As CEO, Krach led the creation of the digital transaction management category and the building of the DocuSign Global Trust Network which comprises more than 320,000 companies and 400 million users in 188 countries. In January 2017, Krach named his successor as CEO of DocuSign, with his tenure as chairman ending in January 2019. He received

2314-510: The 1979 International Balfour Award, which is given to the outstanding graduating senior fraternity wide. Krach has been honored with Sigma Chi's Significant Sig Award, and the Order of Constantine Award. Indiana governor Mitch Daniels appointed Krach to the Purdue board of trustees in 2007 and he served as board chairman from 2009 to 2013. In 2012, he recruited Daniels to be the 12th president of

2403-1080: The 5G Trifecta; the onshoring of TSMC’s semiconductors, the tightening of export controls on Huawei; and the global roll out of the 5G Clean Path. Krach secured commitments to the Clean Network from other EU countries, such as Estonia, Albania, Austria, Germany, Luxembourg, Belgium, Spain, Portugal, Bulgaria, Kosovo, North Macedonia, and Cyprus. By the end of October 2020, the Clean Network grew to 49 country members, representing two thirds of global GDP, and over 100 Clean Telcos. This includes 26 of 27 EU nations, 27 of 30 NATO members, and 11 of 12 Three Seas countries. In December 2020 and January 2021 Krach onboarded countries including Palau, Ukraine and Georgia. The alliance also includes other countries such as Japan, Israel, Australia, Singapore, Taiwan, Canada, Vietnam, India, and companies like Oracle, HP, Reliance Jio, NEC, Fujitsu, Cisco, Siemens, Softbank, and VMware. Following Krach's Clean Network agreements, Huawei's 5G telecom deals outside of China decreased from 91 to 12, with

2492-705: The Alumni Achievement award from the National College Senior Honor Society. In 2014, Business Insider recognized him as one of the 50 most powerful people in enterprise tech, and the following year, the San Francisco Business Times recognized him as the most admired CEO. Krach was also awarded a Dell Founder 50 award in 2015. In 2018, Krach received the Life & News 2018 Transformational Leader of

2581-826: The Bay Area. In 2017, the school district attracted attention for a dress code that targeted specific groups disproportionately. The Los Gatos Public Library is operated by the Town of Los Gatos and is not part of the Santa Clara County Library system. The library is located at 100 Villa Ave, Los Gatos, CA in the town Civic Center. Any California resident with proper identification and verification of their mailing address may have borrowing privileges. The New Museum (NUMU), formerly called Museums of Los Gatos, offers exhibitions and programs on Los Gatos and San Francisco Bay Area art and history. Los Gatos offers

2670-441: The CEO. In 1988 Krach became a member of the founding team of Rasna Corporation, a mechanical engineering design software company that was sold to PTC for $ 500 million in 1995. In 1996, Krach was the first entrepreneur in residence at Benchmark Capital , and in 2008, he became a Benchmark CEO in residence. From 1996 to 2003, Krach served as co-founder, chairman, and CEO of business-to-business e-commerce company Ariba , creating

2759-714: The Defense Department list of CCMCs with the Commerce Department Entity List, and the Military End User list. On January 18, 2021, Krach sent a letter to the leaders of all civil society organizations stressing the importance of clean portfolios with clean funds and urging them to partner only with organizations that are not financing what he described as the CCP’s "egregious" behavior. Krach stated that by combining their actions across

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2848-716: The Environment The Under Secretary for Economic Growth, Energy, and the Environment is an undersecretary position within the United States Department of State . The Under Secretary for Economic Growth, Energy, and the Environment serves as senior economic advisor at the State Department and advises the Secretary of State on international economic policy and is often referred to as the senior economic diplomat of

2937-637: The Environment , United States Alternate Governor of the European Bank for Reconstruction and Development , and United States Alternate Governor of the International Bank for Reconstruction and Development . He served as the country's top economic diplomat for the State Department. Krach was confirmed by unanimous voice vote in the Senate. In the spring and summer of 2020, Krach and his State Department team supported efforts to repatriate more than 60,000 Americans who were stranded overseas by

3026-746: The Moody Gulch drillers, R.C. McPherson, found oil in a well along San Jose Road (now Los Gatos Boulevard) in the Santa Clara Valley flatlands, about 1.9 miles (3 km) northeast of the Los Gatos Post Office. Although commercial production was never established, small amounts of oil were produced for use as fuel, lubricant, and road tar by local residents. Los Gatos is located at 37°14′10″N 121°57′42″W  /  37.23611°N 121.96167°W  / 37.23611; -121.96167 (37.236044, −121.961768). Los Gatos

3115-524: The Privacy Shield ombudsperson. An Act of Congress first authorized an Under Secretary of State for Economic Affairs on August 1, 1946, for a 2-year period as the third-ranking officer in the department. The position was not renewed, however, and between 1947 and 1958 the ranking officer in the department handling foreign economic matters was either a Deputy Under Secretary or an Assistant Secretary of State. On June 30, 1958, Congress re-established

3204-507: The Santa Cruz Mountains in the vicinity of Moody Gulch, about 4 miles (6.5 km) south of the Los Gatos Post Office. An intense search for oil ensued, resulting in the drilling of many wells and establishment of the Moody Gulch oil field. The Moody Gulch oil field, however, never met expectations, and it was abandoned sometime around 1938 after producing a total of about 98,000 barrels (15,600 m ) of oil and 44 million cu ft (1.2 million m ) of gas. In 1891, one of

3293-535: The State Department also established the first step of the TIFA trade agreement in January 2021. The US simultaneously announced a $ 7 billion arms deal with Taiwan, including sea mines, drones and air-to-surface missiles. Der Spiegel reported that "the timing was hardly chosen by chance." On January 20, 2021, China imposed sanctions against Krach, outgoing US Secretary of State Mike Pompeo , former secretary of health and human services Alex Azar , outgoing US ambassador to

3382-655: The United Nations Kelly Craft , and 24 other former Trump officials. Biden's National Security Council called the sanctions "unproductive and cynical." Undersecretary of State Krach was responsible for the development and implementation of the Clean Network Alliance of Democracies which is designed to be a US government-led global effort  to address what the State Department describes as "the long-term threat to data privacy, security, human rights and principled collaboration posed to

3471-635: The United States. The Under Secretary also leads the work of the department on trade, agriculture, aviation, and bilateral trade relations with America's economic partners. The position is called the “E” within the government. Responsibilities include international trade and investment policy; international finance, development, and debt policy; economic sanctions and combating terrorist financing; international energy security policy; international telecommunications and transportation policies; support for U.S. businesses, and economic policy analysis, public diplomacy and private sector outreach. The E also serves as

3560-864: The Wall Street Journal noting that "The Clean Network has become an undisputed success." Politico deemed the Clean Network strategy unlikely to change in the Biden administration. Krach led the State Department's efforts to protect American investors from unknowingly financing what he described as the People's Republic of China's military, security, intelligence apparatus and, human rights abuses. He did so by urging U.S. businesses and investment vehicles to disclose Chinese assets and divest Chinese stocks participating in human rights violations. He stated that most Americans have no idea that their own money funds these Chinese companies. He further asserted that through

3649-486: The Wall Street Journal, Newsweek, The Hill, Washington Examiner, Jamaica Observer, The Daily Telegraph (UK), OGlobo (Brazil), and other publications. Krach has lectured on business strategy, technology and building high performance teams at Harvard, Stanford, Berkeley, and IMD business school in Switzerland. On June 20, 2019, Krach was confirmed by the Senate as Under Secretary of State for Economic Growth, Energy, and

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3738-726: The Winchester Transit Center, the 49 via Los Gatos Boulevard and the 48 via Winchester. For railroad transportation the nearby city of Santa Clara has the closest train station served by Caltrain , and nearby in the city of Campbell provides access to VTA light rail via the Winchester , Downtown Campbell , and Hamilton stations. For air travel, the closest international airports are San Jose International Airport (SJC), San Francisco International Airport (SFO), and Oakland International Airport (OAK). All these airports are used for air travel by people across

3827-652: The Year award and in 2019 Harvard Business School's 2019 Business Leader of the Year award. He also received an honorary doctorate from Ohio Northern University in 2015 in Business Administration. In October 2018, City Year San Jose/Silicon Valley honored Keith and Metta Krach with the City Year Citizen Leadership Award for their service to the Bay Area community and to the organization. The Krach family has given back to

3916-468: The article and published a letter to the editor from Krach titled "Public Service Is Worth More Than a Billion." In his letter, Krach pointed out that "I divested my entire stake in DocuSign and my other holdings as a condition of joining the federal government, meaning I profited in no way." He claimed the misstatement jeopardized the mission and credibility of his worldwide team as they were responded to

4005-599: The board of Ooma . From 2005 to 2011, Krach served as CEO of 3Points, an investment holding company based in Los Gatos, California . Additionally, Krach served as board chairman of Angie's List from 2011 to 2014. The company went public in 2011. Krach has taken on recent initiatives to accelerate “digital transformations” on a national and global front. In 2017, he was named to the NYCx Technology Leadership Advisory Council,

4094-521: The city was 71.7% White, 17.2% Asian, 2.6% some other race, 1.2% Black or African American, and 0.1% Native American or Alaskan Native, with 7.3% from two or more races. Hispanics or Latinos of any race were 8.2% of the population. Of the 12,855 households, 33.7% had children under the age of 18 living with them, 34.9% had seniors 65 years or older living with them, 61.1% were married couples living together, 4.8% were couples cohabitating, 12.6% had

4183-416: The city's 2021 Annual Comprehensive Financial Report, the top employers in the city are: As of the 2022 American Community Survey estimates, there were 33,093 people and 12,855 households. The population density was 2,864.2 inhabitants per square mile (1,105.9/km ). There were 13,765 housing units at an average density of 1,191.4 units per square mile (460.0 units/km ). The racial makeup of

4272-435: The city, the extension was cut short to Winchester due to the high cost of the extension, minimal expected ridership gains, and the difficulty of sharing rail right-of-way to Vasona Junction with Union Pacific freight trains. Between 1891 and 1929, about 20 oil wells were drilled in and around Los Gatos, starting a minor oil-drilling boom. About 1861, small amounts of oil were discovered in streams, springs, and water wells in

4361-448: The coronavirus pandemic, and also worked to accelerate supply chains for PPE and other vital supplies to safeguard the lives of healthcare workers, patients, and American families. In March 2020, an article was published by Bloomberg, stating that Krach had made a billion dollars as a result of a runup in DocuSign's stock price, stating that Krach "benefited from a pandemic that's left millions of Americans unemployed." Bloomberg retracted

4450-612: The creek from Lexington Dam through Vasona Park and Campbell to Meridian Avenue in San Jose . In Los Gatos, the trail passes the 1854 Forbes Mill . According to the United States Census Bureau , the town has a total area of 11.2 square miles (29 km ). 11.1 square miles (29 km ) of it is land and 0.1 square miles (0.26 km ) of it, comprising 0.71%, is water. Los Gatos is surrounded by several mountain bike trails. Cyclists can leave from downtown on

4539-589: The development of an economic collaboration agreement which he named the Lee Economic Prosperity Partnership ("EPP") after Taiwan’s "Father of Democracy," former President Lee Teng-hui. A five-year agreement was signed on November 20, 2020. The State Department stated that "future EPP Dialoges will strengthen the U.S.-Taiwan economic relationship." Krach also initiated and presided over a U.S.-Taiwan Science and Technology Cooperation Agreement, signed on December 15, 2020. Krach's team and

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4628-404: The free world from authoritarian malign actors." Krach coined the term "The Clean Network" to describe what he described in his Senate confirmation hearing as an alliance of democracies and companies that operate by a set of trust principles. On May 15, 2020, The Clean Network commenced with three simultaneous announcements of three related initiatives to put Huawei on the defensive and dubbed

4717-816: The largest leadership training event in the Greek-letter fraternal world. Through the Krach Family Foundation, he funded the Keith Krach leadership scholarship at Purdue University . It has been awarded to five students each year since 2009. In 2014, Purdue dedicated the Krach Leadership Center to him. Krach is a frequent contributing writer for Entrepreneur, and the World Economic Forum on various topics. He has written about global economic security issues in

4806-476: The list to 44 parent-level CCMCs, and 1,108 subsidiaries cross referenced to MSCI ’s and FTSE ’s major indexes that are prohibited for US investment and require divestment. Krach stressed that ample notice have been given to compliance officers and risk managers about disclosing the material risk associated to their constituents. Krach recommended to the next administration that it harmonize the various agency lists for continuity of policy with regard to aligning

4895-483: The logging industry in the Santa Cruz Mountains until the end of the 19th century. Despite being nearby to logging communities, Los Gatos itself only served as a stopping point for those heading into the mountains. With the creation of the Los Gatos Turnpike road, the town was placed in a strategic position on the journey between San Jose and Santa Cruz, and it became an attractive location to live in. Soon,

4984-491: The mid-1850s with the building of a flour-milling operation, Forbes Mill , by James Alexander Forbes along Los Gatos Creek, then called Jones's Creek. The mill's two-story stone storage annex still stands. The settlement that was established in the 1860s was originally named for the mill, but the name was changed to Los Gatos after the Spanish land grant. The town was incorporated in 1887 and remained an important town for

5073-456: The myriad issues spawned by the pandemic and had the potential to undermine the work of thousands of civil servants and foreign service officers by undercutting their ability to operate with the trust necessary to accomplish the mission. During the pandemic, Krach led State Department's efforts to accelerate efforts to reduce supply chain dependency away from China and move production onshore for critical technologies. On May 14, 2020 TSMC announced

5162-646: The organization through grants, product contributions, and event participation to support shared interest in education, mentorship, and leadership, and this recognition was the first time the organization has honored a couple with the award. In 2019, Krach was awarded a lifetime achievement award by the Silicon Valley Leadership Group , a non-profit advocacy group that represents more than 390 Silicon Valley firms. In 2005, Sigma Chi Fraternity named Krach its 64th international president. He served through 2007. The fraternity also awarded him

5251-519: The population of the town, followed by English at 10.7%, Irish at 8.0%, Italian at 7.0%, French at 3.0%, American at 2.5%, Ukrainian at 2.3%, Swedish at 2.1%, Russian at 2.1%, Scottish at 2.0%, Polish at 1.6%, Portuguese at 1.4%, Greek at 1.4%, Arab at 1.3%, Norwegian at 1.2%, Dutch at 1.0%, Hungarian at 0.9%, Danish at 0.8%, Welsh at 0.7%, Sub-Saharan African at 0.6%, Scotch-Irish at 0.6%, and Czech at 0.6%. The 2010 United States Census reported that Los Gatos had

5340-547: The population were below the poverty line , including 4.4% of those under age 18 and 5.6% of those age 65 or over. The town is governed by five elected council members with the position of mayor rotating between council members each year. Half the council is elected to a four-year term every two years. There are no term limits for the Town Council. In the California State Legislature , Los Gatos

5429-644: The population) lived in households, 92 (0.3%) lived in non-institutionalized group quarters, and 258 (0.9%) were institutionalized. There were 12,355 households, out of which 3,775 (30.6%) had children under the age of 18 living in them, 6,417 (51.9%) were opposite-sex married couples living together, 949 (7.7%) had a female householder with no husband present, 435 (3.5%) had a male householder with no wife present. There were 551 (4.5%) unmarried opposite-sex partnerships , and 84 (0.7%) same-sex married couples or partnerships . 3,695 households (29.9%) were made up of individuals, and 1,464 (11.8%) had someone living alone who

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5518-407: The population) lived in owner-occupied housing units and 9,162 people (31.1%) lived in rental housing units. As of the census of 2000, there were 28,592 people, 11,988 households, and 7,300 families residing in the town. The population density was 1,030.8/km (2,670/sq mi). There were 12,367 housing units at an average density of 445.8 units/km (1,155 units/sq mi). The ethnic makeup of

5607-632: The position of Under Secretary for Economic Affairs in the Mutual Security Act . The following year, the Department of State Organization Act of July 30, 1959, authorized the President to appoint either an Under Secretary for Political Affairs or an Under Secretary for Economic Affairs. Between 1959 and 1972, during periods when there was no Under Secretary of State for Economic Affairs, the ranking officer for foreign economic affairs

5696-488: The principal adviser to the Secretary and Deputy Secretary (previously Under Secretary) on matters relating to foreign economic and commercial policy. Specified duties, responsibilities, and assignments have varied over time. Each incumbent is commissioned with a functional designation as part of his title. On May 12, 1994, the title was changed to Under Secretary of State for Economic, Business, and Agricultural Affairs. It

5785-545: The public, business, and education sectors and uniting under the global Clean Network Alliance of Democracies, it creates a "network effect" that he said "has the power to be an exponential force for good secure the free world against rising authoritarianism." Krach lives in San Francisco, California . He has five children. In 2015, Krach successfully caught a thief who had taken his iPhone from his hands. Under Secretary of State for Economic Growth, Energy, and

5874-516: The south end of South Santa Cruz Avenue, leading into downtown. The area around Los Gatos Boulevard, east of Highway 17, is much more typically suburban than downtown, with medium-sized shopping centers clustered at major intersections of the multilane boulevard. Although the town has generally a quiet setting, its principal noise generators are State Route 17 and Los Gatos Boulevard. Sound levels within one hundred and fifty feet of Los Gatos Boulevard exceed 60 db CNEL (Community Noise Equivalent Level),

5963-475: The surrounding Los Gatos Mountains (within the Santa Cruz Mountains range) has a Los Gatos address and uses the 95033 ZIP code (primarily) for U.S. Postal Service mail delivery (among other purposes). The principal cemetery is the Los Gatos Memorial Park , dating from 1889. Los Gatos experiences nearly the same temperatures as San Jose, just slightly warmer and with more rain. Los Gatos has

6052-518: The town became a thriving agricultural town with apricots , grapes and prunes being grown in the area. By the 1920s, the Los Gatos area had a local reputation as an arts colony, attracting painters, musicians, writers, actors and their bohemian associates as residents over the years. The violinist Yehudi Menuhin lived there as a boy; the actresses Joan Fontaine and Olivia de Havilland (sisters) were graduates of Los Gatos High School ; John Steinbeck wrote The Grapes of Wrath there (the location

6141-448: The town contains an image of the pair of cat sculptures by sculptor Robert Paine that he made for the estate of Charles Erskine Scott Wood and Sara Bard Field . The town of Los Gatos is served by the VTA , (Valley Transportation Authority) which also serves the majority of the county of Santa Clara , including San Jose. The two Los Gatos Community Buses run from Santa Cruz and Main to

6230-482: The town is located. The pronunciation is often anglicized to / l ɔː s ˈ ɡ æ t ə s / lawss- GAT -əs , although one also hears pronunciations truer to the original Spanish, / l oʊ s ˈ ɡ ɑː t oʊ s / lohss- GAH -tohss . The first inhabitants of the area that is now Los Gatos were the Ohlone Native Americans. At the time the first settlers arrived in the area, it

6319-406: The town was 86.68% Caucasian , 0.79% African American , 0.30% Native American , 7.60% Asian , 0.07% Pacific Islander , 1.28% from other races , and 3.27% from two or more races. Hispanic or Latino of any race were 5.21% of the population. There were 11,988 households, out of which 27.3% had children under the age of 18 living with them, 50.9% were married couples living together, 7.2% had

6408-450: The town was booming. In 1852 only one adobe home existed in the area; by 1868 Los Gatos held the Mill, a blacksmith shop, a stage depot, a lumber yard, a temporary schoolhouse, a hotel, a post office, and several houses. The town began to rapidly gain prominence after the town of Lexington lost its importance with the fall of the timber industry in the area. In the early 20th century,

6497-570: The university. Krach currently serves on the Engineering Leadership Council (ELC). Krach is the chairman of the DocuSign IMPACT Foundation, DocuSign's philanthropic entity. He established the $ 30 Million DocuSign IMPACT Foundation with a mission to transform recipient entities by using DocuSign technology to streamline operations and make them more efficient. This nonprofit foundation provides

6586-592: The vastness of space, through the Office of Space Affairs, to the depths of the oceans with the goal of advancing U.S. strategic interests through policy aimed at ensuring that economic growth and a healthy planet go hand in hand. The office of Under Secretary of State for Economic Affairs was renamed the Under Secretary of State for Economic and Agricultural Affairs on August 16, 1985. The office of Under Secretary of State for Economic and Agricultural Affairs

6675-427: The world’s largest business network transacting $ 3.75 trillion in commerce annually. In 1999, Krach took Ariba public via an initial public offering (IPO) on Nasdaq , with an initial valuation of $ 6 billion, which grew to $ 40 billion by 2000, making it one of the first internet software companies to go public. In 2000, Krach led the $ 400 million acquisition of online business auction company Trading Dynamics Inc., and

6764-700: Was 1909 with 51.77 inches and the driest year was 2007 with 9.47 inches (241 mm). The most rainfall in one month was 26.56 inches in December 1955 and the most rainfall in 24 hours was 8.48 inches on December 23, 1955. Although snow sometimes falls in the nearby Santa Cruz Mountains, it is very rare in Los Gatos. The most snow on record was 2.0 inches in February 1976. Los Gatos averages 330 sunny days per year. The following companies are headquartered in Los Gatos: According to

6853-414: Was 41 years. For every 100 females, there were 90.4 males. For every 100 females age 18 and over, there were 87.2 males. According to a 2007 estimate, the median income for a household in the town was $ 126,568, and the median income for a family was $ 152,940. Males had a median income of $ 89,420 versus $ 57,596 for females. The per capita income for the town was $ 56,094. About 3.1% of families and 4.3% of

6942-419: Was 45.0 years. For every 100 females, there were 92.0 males. For every 100 females age 18 and over, there were 88.0 males. There were 13,050 housing units at an average density of 1,169.4 units per square mile (451.5 units/km ), of which 7,778 (63.0%) were owner-occupied, and 4,577 (37.0%) were occupied by renters. The homeowner vacancy rate was 1.0%; the rental vacancy rate was 4.5%. 19,901 people (67.7% of

7031-417: Was 65 years of age or older. The average household size was 2.35. There were 7,801 families (63.1% of all households); the average family size was 2.96. The population was spread out, with 6,567 people (22.3%) under the age of 18, 1,442 people (4.9%) aged 18 to 24, 6,722 people (22.9%) aged 25 to 44, 9,417 people (32.0%) aged 45 to 64, and 5,265 people (17.9%) who were 65 years of age or older. The median age

7120-521: Was again either a Deputy Under Secretary or an Assistant Secretary of State. On July 13, 1972, Congress established separate and permanent positions at the Under Secretary of State level for Economic Affairs and for Political Affairs, in the Foreign Relations Authorization Act. On August 16, 1985, Congress changed the title to include Agricultural Affairs. The Under Secretary for Economic and Agricultural Affairs serves as

7209-521: Was also a streetcar-type rail line called the Peninsular Railway with service to Saratoga and San Jose that started about 1905 and ended about 1933. San Francisco commuter trains continued into downtown until 1959, and Vasona Junction until 1964. The site of the old railroad station is now occupied by Town Plaza and the post office. While VTA had originally planned to extend their Green Line to Vasona Junction and bring back passenger rail to

7298-570: Was also near the Southern Pacific resort town of Holy City , along the rail line in the Santa Cruz Mountains. The last Southern Pacific passenger train to Santa Cruz left Los Gatos on February 26, 1940. In town, the rail line used to run along the shore of Vasona Reservoir to the present-day location of the Post Office, following the path of what is now a continuous string of parking lots between Santa Cruz Ave. and University Ave. There

7387-618: Was changed again in 2011 to Under Secretary for Economic Growth, Energy, and the Environment after the reorganization of the EEB bureau to EB, and the spin off of two new bureaus under the Under Secretary. As of 2019, the E is also charged with advancing the State Department's economic development agenda; elevating and intensifying the department's efforts related to energy security, clean energy, and environmental sustainability ; and fostering innovation through robust science, entrepreneurship, and technology policies. The E covers issues that reach from

7476-527: Was estimated that approximately 5,000 indigenous people were living in the Valley , and noted that the relationship between the settlers and natives was very good. The first settlers to enter the Valley proper were two soldiers that had strayed from their missionary group on November 2, 1769. By 1777, there were between 1,500 and 2,000 Native Americans living in the mission compound. The town's founding dates to

7565-413: Was located on the site of a previous hotel. One that had changed hands numerous times over the previous years. But primarily under the ownership of one of the most esteemed Los Gatos business owners at the time. John Weldon Lyndon. A number of brick buildings in downtown Los Gatos were destroyed or seriously damaged in the 1989 Loma Prieta earthquake , though the district was quickly rebuilt and has made

7654-416: Was named GM's youngest-ever vice president, at 26, in 1984. He was one of the founders of GMF Robotics, a joint venture between GM and Fanuc Robotics , which became the largest provider of industrial robots in the world. Krach left GM and took a job at startup software company Qronos. He joined Qronos as its number 2 executive in 1987 but left after nine months over what he called a conflict over values with

7743-662: Was named a top 10 entrepreneur of the year by Red Herring Magazine . In 2000, he received the Technology Pioneer award at the World Economic Forum, in Davos, Switzerland . That same year, he was recognized as one of the top 10 tech execs by Forbes. In 2000 and again in 2015, Krach was named National Entrepreneur of the Year by Ernst & Young . Krach earned the Distinguished Engineer Alumni award from Purdue University in 2006, and in 2012 received

7832-495: Was renamed the Under Secretary of State for Economic, Business, and Agricultural Affairs on May 12, 1994. The office of Under Secretary of State for Economic, Business, and Agricultural Affairs was renamed the Under Secretary of State for Economic Growth, Energy, and the Environment on December 8, 2011. Los Gatos, California Los Gatos ( US : / l oʊ s ˈ ɡ ɑː t oʊ s , l ɔː s -/ ; Spanish: [los ˈɣatos] ; Spanish for 'The Cats')

7921-479: Was “the best leader I’ve ever known in my life. He certainly modeled one heck of a work ethic,” said Krach in a 2017 interview. At the age of 12, Krach worked as a welder in his father's machine shop, an experience which inspired him to pursue a B.S. in industrial engineering from Purdue University. During his sophomore year (1977), Krach received one of two General Motors scholarships awarded to Purdue engineering students. The scholarship paid for tuition, books,

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