Charles E. F. Millard is the son and namesake of the chairman and chief executive of Coca-Cola, Charles E.F. Millard, Sr. who passed away in 2003. The younger Millard received his B.A. Honors Degree from Holy Cross College in 1979, and his J.D. from Columbia Law School, where he was ranked a Harlan Fiske Stone Scholar every year.
After law school, Millard worked as an associate attorney with Davis Polk & Wardwell for five years. He was a Managing Director and Group Head of Lehman Brothers. From 1995 to 1999, Millard was a senior Cabinet official in the administration of New York Mayor Rudy Giuliani, where he was president of the New York City Economic Development Corporation and chairman of the New York City Industrial Development Agency. He left for position of Managing Director with Prudential Securities. Millard was twice elected to the New York City Council.
Prior to joining the PBGC, Millard was Managing Director at national real estate investment and management firm, Broadway Partners, where he was appointed president of BP Direct Securities in 2004. President George W. Bush appointed and the Senate nominated Millard to be Director of the Pension Benefit Guaranty Program in 2007. He was the first individual to hold the title of Director of PBGC. He left office when Bush left the presidentccy and since been accused of mismanging the PBGC fund.