Commerce Secretary Carlos Gutierrez identified Carl Schramm, president and CEO of the Ewing Marion Kauffman Foundation, as the chairman of a new advisory committee of business and academic leaders that will seek ways to measure the effects of innovation on the economy. The Measuring Innovation in the 21st Century Economy Advisory Committee is comprised of 10 CEOs and five academics, including Microsoft CEO Steve Ballmer, IBM CEO Samuel Palmisano, 3M CEO George Buckley and Wal-Mart Vice Chairman John Menzer.Â

Schramm will assume chairmanship of the Advisory Committee at its first meeting on February 22 at 2 pm at the Wyndham Washington Hotel, 1400 M Street, N.W., Washington, D.C. The meeting will be open to the public and registration is available online at www.innovationmetrics.gov.