Foremost Group CEO Angela Chao died after car went into Texas pond

Angela Chao, CEO of Foremost Group and the sister-in-law of Senate Minority Chief Mitch McConnell, died after her automobile went right into a pond on a non-public ranch about 40 miles west of Austin, Texas, authorities stated Friday.

Chao’s household on Wednesday introduced she died in a automobile accident on Sunday, however didn’t disclose particulars of the incident at the moment.

On Friday, the Blanco County Sheriff’s Workplace stated in an announcement that on Saturday, it “responded to a doable water rescue on a non-public ranch positioned in Blanco County, TX.”

“On arrival Blanco County deputies together with Blanco County EMS and Hearth recovered the physique of Angela Chao from a pond on the ranch,” the assertion stated.

“EMS tried emergency measures on Ms. Chao however she succumbed from being beneath the water,” the assertion stated. “Our preliminary investigation has decided this to be an unlucky accident. The investigation is ongoing at the moment,” the assertion additionally stated.

The identify of the ranch, which is positioned in Johnson Metropolis, was not disclosed by the sheriff’s workplace.

Chao, a double Harvard graduate who grew to become CEO of the dry bulk transport firm Foremost in 2018, was married to Jim Breyer, a enterprise capitalist from Austin who is a component proprietor of the Nationwide Basketball Affiliation’s Boston Celtics.

Chao beforehand served on the board of the Financial institution of China and as a director of the China State Shipbuilding Company.

She is the sister of Elaine Chao, who’s married to McConnell, R-Ky. Chao served as Secretary of Transportation in former President Donald Trump’s administration and as Secretary of Labor within the administration of former President George W. Bush.

Blanco County EMS Chief Ben Oakley informed CNBC in a previous interview that emergency personnel have been known as simply after midnight Sunday to reply to a “water rescue” at a non-public property in Johnson Metropolis.

Oakley didn’t use the identify of the sufferer of that rescue, citing privateness legal guidelines.

An ambulance arrived at 12:12 a.m. on the scene, the place a automobile containing one individual was “fully submerged” in a pond, estimated to be between 12 toes and 15 toes deep, Oakley stated.

The lady within the automobile was “extricated from the automobile,” and rescue staff tried to resuscitate her “for 43 minutes” with out success, the chief stated.

Oakley stated there was no indication of how the automobile ended up within the pond.

He declined to determine who known as rescue staff or who owned the property, saying that was data he couldn’t launch.

Chao’s father, James Chao, on Wednesday stated her household was “heartbroken” over her dying. The household didn’t give any details about her reason behind dying, aside from saying it was the results of a automobile accident.

James Chao based Foremost Group in 1964.

Angela Chao had held board positions on the American Bureau of Delivery Council, Harvard Enterprise College’s Board of Dean’s Advisors and the Metropolitan Opera in New York.

Chao beforehand was married to funding banker Bruce Wasserstein, who died in 2009, the identical yr they wed.

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