People: First Marblehead Corp (FMD)

FMD on New York Consolidated

5.36USD
25 Jul 2014
Price Change (% chg)

$-0.08 (-1.47%)
Prev Close
$5.44
Open
$5.41
Day's High
$5.45
Day's Low
$5.33
Volume
1,885
Avg. Vol
74,205
52-wk High
$19.20
52-wk Low
$4.00

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Summary

Name Age Since Current Position

Daniel Meyers

50 2013 Chairman of the Board, Chief Executive Officer

Seth Gelber

34 2013 President, Chief Operating Officer, Managing Director

Richard Neely

64 2014 Interim Chief Financial Officer

William Baumer

52 2008 Chief Risk Officer, Managing Director

Suzanne Murray

39 2012 General Counsel, Managing Director, Secretary

Barry Heneghan

39 2011 Managing Director - Business Development and Product Strategy

Dort Cameron

68 2012 Lead Independent Director

Nancy Bekavac

66 2010 Independent Director

Peter Drotch

72 2003 Independent Director

Thomas Eddy

54 2010 Independent Director

William Hansen

54 2003 Independent Director

Biographies

Name Description

Daniel Meyers

Mr. Daniel Maxwell Meyers is Chairman of the Board, Chief Executive Officer of First Marblehead Corporation. He served as President of the Company. He is a co-founder of First Marblehead. He has served as FMD’s Chief Executive Officer and as a Director since September 2008, and as Chairman of the Board of Directors since May 2010. From September 2008 to August 2013, he served as FMD’s President. Mr. Meyers also served as FMD’s Chief Executive Officer and Chairman of the Board of Directors from FMD’s incorporation in 1994 to September 2005 and as President from November 2004 to September 2005. Since October 2006, Mr. Meyers has served as the sole member, Chairman and Chief Executive Officer of Sextant Holdings, LLC, a private investment firm. From 1980 to 1991, Mr. Meyers was involved in arbitrage and derivatives trading at EF Hutton, Prudential Bache Securities, LF Rothschild Unterberg Towbin and Commodities Corporation, each of which were financial services firms. He began working on ABS financings in 1986. He currently serves as the Chair Emeritus of the Board of the Curry School of Education Foundation, as well as a consulting member of the finance committee of the Board of Visitors at the University of Virginia. Additionally, he is the Chairman of the Board of Steward Medical Group, a unit of Steward Healthcare System, a system of 11 hospitals headquartered in Boston, Massachusetts. He also serves on the Board of the Forum for the Future of Higher Education and is a member of the Education Funding Committee of the Consumer Bankers Association. Mr. Meyers received an A.B. in Economics from Brandeis University and completed the Owner President Management Program at the Harvard Graduate School of Business Administration.

Seth Gelber

Mr. Seth Gelber is President, Chief Operating Officer, Managing Director of First Marblehead Corporation. Mr. Gelber is a first-time nominee to serve as a director. Mr. Gelber has served as our president since August 2013, our chief operating officer since August 2012 and as a managing director since September 2008. He served as our chief administrative officer from March 2010 to August 2012 and as our senior vice president, corporate development from August 2008 to September 2008. From 2001 to 2006, Mr. Gelber held various positions at First Marblehead in the capital markets and product strategy groups. Since October 2006, Mr. Gelber has served as president of Sextant Holdings, LLC, a private investment firm, the sole member of which is Mr. Meyers. From 1998 to 2001, Mr. Gelber served as a Legislative Assistant to Congressman Jack Quinn (N.Y.), primarily focused on education, telecommunication and banking legislation. Mr. Gelber received a B.A. from The George Washington University.

Richard Neely

Mr. Richard Neely is no longer Interim Chief Financial Officer of the company, effective August 4, 2014. Mr. Neely has served as Managing Director, Finance of the Corporation since November 2008 and as Treasurer of the Corporation since April 2011. From June 2008 to March 2011, he served as the Controller of the Corporation, from June 2008 to October 2008, he served as Senior Vice President, Finance of the Corporation and from July 2005 to May 2008, he served as Senior Vice President, Financial Analysis of the Corporation and prior to that served as Senior Vice President, Finance and Administration. From July 2001 to July 2005, Mr. Neely served as a Senior Vice President and Chief Financial Officer for FMER. From 1997 to June 2001, Mr. Neely served as the Senior Vice President and Chief Financial Officer for The Education Resources, Inc. Prior to that, Mr. Neely served as the Chief Financial Officer for Curry College and served 13 years as Chief Financial Officer for a student loan servicer. Mr. Neely received a B.S.B.A. from Babson College and a M.B.A., with honors, from Boston University.

William Baumer

Mr. William P. Baumer is Chief Risk Officer, Managing Director of First Marblehead Corp. He has served as FMD’s Chief Risk Officer since September 2007, as a Managing Director since September 2008 and as the Chief Executive Officer of Union Federal Savings Bank since July 2010. Mr. Baumer served as FMD’s Senior Vice President, Compliance from July 2004 to September 2007. From 2003 to June 2004, Mr. Baumer served as the Compliance Manager for the nationwide mortgage operations at Bank of America, N.A. From 2000 to 2003, Mr. Baumer was the Compliance Director-Core Banking for Fleet Boston Financial Corporation, a bank that was acquired by Bank of America, and was responsible for regulatory compliance programs in Fleet’s consumer, commercial and administrative staff units. He joined Fleet in 1984 and held various leadership positions in the Compliance, Audit, Credit and Retail Banking business units. Mr. Baumer received a B.S. from Franklin Pierce College and has earned Certified Regulatory Compliance Manager, Certified Internal Auditor and Certified Anti-Money Laundering Specialist certifications.

Suzanne Murray

Ms. Suzanne Murray is General Counsel, Managing Director, Secretary of First Marblehead Corp., since May 2012. Ms. Murray served as FMD’s Acting General Counsel from May 2012 to August 2012 and as FMD’s Senior Counsel, Corporate Law from March 2010 to April 2012. From October 2007 to February 2010, Ms. Murray was a Partner at Goodwin Procter LLP, a law firm, and from October 2000 to September 2007, Ms. Murray was an associate at Goodwin Procter. While at Goodwin Procter, Ms. Murray practiced general corporate and securities law, with an emphasis on mergers and acquisitions, SEC compliance and corporate governance matters. Ms. Murray received a B.A. from Boston College and a J.D. from Boston College Law School.

Barry Heneghan

Mr. Barry Heneghan is Managing Director - Business Development and Product Strategy of First Marblehead Corporation., since January 2011. From August 2008 to December 2010, he served as a consultant to FMD. Since February 2006, Mr. Heneghan has served as the Chief Executive Officer and President of Think Financial, a student loan marketing company that ceased active operations in August 2008. From 1996 to January 2006, Mr. Heneghan held various positions at FMD in the Business Development, Corporate Development and Product Strategy groups. From 1993 to 1996, Mr. Heneghan served as a Legislative Assistant to Congressman Jack Quinn (N.Y.). Mr. Heneghan received a B.A. from The George Washington University and an M.A. from Pennsylvania State University and attended the London School of Economics.

Dort Cameron

Mr. Dort A. Cameron III is Lead Independent Director of First Marblehead Corporation. Mr. Cameron is a private investor who has served as the managing member of Airlie Enterprises LLC, a money management firm, since 1995. From 1993 to 2000, Mr. Cameron served as chairman of Entex Information Services, Inc., a provider of distributed computing infrastructure services and hardware. In 2003, Mr. Cameron founded The Airlie Opportunity Capital Management, L.L.C., a registered investment company, which manages hedge funds that invest in stressed and distressed high yield debt markets. Mr. Cameron currently serves as a trustee emeritus of Middlebury College. Mr. Cameron received an A.B. from Middlebury College and an M.B.A. from Boston University.

Nancy Bekavac

Ms. Nancy Y. Bekavac is Independent Director of First Marblehead Inc., since May 2010. Ms. Bekavac currently serves as president emerita of Scripps College. Since July 2007, Ms. Bekavac has served as a consultant in higher education, working with boards of trustees on issues including governance, accreditation and strategic planning. From 1990 until her retirement in June 2007, Ms. Bekavac served as president of Scripps College. From 1988 to 1990, Ms. Bekavac was counselor to the president of Dartmouth College. From 1985 to 1988, she worked at the Thomas J. Watson Foundation, a charitable foundation that provides fellowship programs to college graduates, serving as the executive director and then as a consultant. From 1980 to 1985, she was a partner at the law firm of Munger, Tolles & Olson, after serving as an associate at the firm and clerking with the United States Court of Appeals for the District of Columbia. Ms. Bekavac is a member of The Council on Foreign Relations and serves on the board of directors, audit committee and benefactions committee of The Seaver Institute, a charitable institute that provides grants in the fields of scientific and medical research, education, public affairs and cultural arts. Ms. Bekavac is also a member of the board of directors of Electro Rent Corporation, a public company that provides electronic equipment rentals, sales and leasing, where she serves as the chair of the nominating and corporate governance committee and as a member of the compensation committee. Ms. Bekavac received a B.A. from Swarthmore College and a J.D. from Yale Law School.

Peter Drotch

Mr. Peter S. Drotch is Independent Director of First Marblehead Corporation., since October 2003. From 1975 to 2000, Mr. Drotch was a partner at PricewaterhouseCoopers LLP, an accounting firm, from which he retired in 2000. Mr. Drotch joined PricewaterhouseCoopers LLP in 1964. Mr. Drotch held a number of positions at PricewaterhouseCoopers LLP, most recently leading the firm’s services to the investment management industry in the Americas and serving as a member of the global leadership team for this industry services group, which provides services to investment advisors, banks, insurance companies, broker dealers, industrial corporations and governmental units with respect to their investment management operations. Mr. Drotch is a director of ING Mutual Funds and serves as a member of the audit committee, contracts committee and the investment review committee for certain of the mutual funds. He is also a director, chair of the audit committee and a member of the finance committee and the governance committee of Tufts Health Plan. Mr. Drotch currently serves as a director and member of the audit and finance committees of the University of Connecticut Foundation. From November 2004 to June 2013, Mr. Drotch served as a trustee, chair of the financial affairs committee and a member of the executive, audit and compliance and compensation committees of the University of Connecticut. Mr. Drotch received a B.S. from the University of Connecticut.

Thomas Eddy

Mr. Thomas Philips Eddy is Independent Director of First Marblehead Corp. Mr. Eddy has served as a managing director of Jarvinian Venture Fund, an early stage venture firm, since 2007, and has been a principal at Ludlow Partners LLC, a strategic and financial advisory services firm, since 2001. From 2000 to 2001, Mr. Eddy served as chief operating officer and senior principal for Atlas Venture, an early-stage venture capital firm. From 1993 to 2000, Mr. Eddy served as managing director and head of the Boston office and of New England investment banking activities for Robertson Stephens & Company, an investment banking firm which was acquired by BankBoston. From 1988 to 1993, Mr. Eddy served as a vice president in the Technology Investment Banking Group at Morgan Stanley & Co. Incorporated, an investment banking firm. From 1981 to 1986, Mr. Eddy worked as a credit representative and then as an analyst for United States Steel Corporation, an integrated steel producer. Mr. Eddy is a director and a member of the audit committee and finance committee of Steward Medical Group, a unit of Steward Health Care System, a system of 11 hospitals headquartered in Boston, Massachusetts. Mr. Eddy received a B.S. from the University of Virginia, an M.B.A. from the Harvard Graduate School of Business Administration and a J.D. from Duquesne University School of Law.

William Hansen

Mr. William D. Hansen is Independent Director of The First Marblehead Corporation. He served as chairman of our advisory council from July 2003 to April 2007. Mr. Hansen has served as the president and chief executive officer of USA Funds®, a nonprofit organization that helps families finance rising college costs, since July 2013. From July 2011 to July 2013, he served as chairman and chief executive officer of the Madison Education Group LLC, an education-related consulting firm, and from July 2012 to July 2013, he served as the president and a member of the board of directors of Policy Impact Communications, Inc., a government affairs and public relations firm. From July 2009 to December 2010, Mr. Hansen served as president of Scantron Corporation, a provider of assessment and survey solutions, and from September 2010 to July 2011, he served as chairman of Scantron Corporation. From August 2005 to July 2009, Mr. Hansen served as senior managing director of Chartwell Education Group, LLC, an education-related consulting firm. Mr. Hansen also served as the chief executive officer of Chartwell Education Group, LLC from February 2009 to June 2009. From July 2003 to August 2005, Mr. Hansen served as the senior vice president and managing director of Affiliated Computer Services’ Education Services Business, which provides business process and information technology services to commercial and government clients. Mr. Hansen currently serves as a director and member of the audit and governance committees of Student Loan Finance Corporation, an education loan finance company, and as a director of Performant Financial Corporation, a publicly held technology workflow management solutions provider, where he serves as the chair of the compensation committee and as a member of the audit committee. Additionally, he serves on the boards of directors of Everspring, The American Academy, Argosy University and South University, each of which is a private company. Mr. Hansen received a B.S. from George Mason University.

Basic Compensation

Name Fiscal Year Total

Daniel Meyers

3,139,840

Seth Gelber

810,279

Richard Neely

--

William Baumer

445,172

Suzanne Murray

--

Barry Heneghan

700,605

Dort Cameron

--

Nancy Bekavac

--

Peter Drotch

--

Thomas Eddy

--

William Hansen

--
As Of 29 Jun 2013

Options Compensation

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