People: Stewart Enterprises Inc (STEI.O)
STEI.O on Nasdaq
9.01USD
22 May 2013
9.01USD
22 May 2013
Price Change (% chg)
$-0.17 (-1.85%)
$-0.17 (-1.85%)
Prev Close
$9.18
$9.18
Open
$9.17
$9.17
Day's High
$9.28
$9.28
Day's Low
$8.94
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Volume
235,356
235,356
Avg. Vol
419,459
419,459
52-wk High
$9.54
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52-wk Low
$5.87
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Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Frank Stewart |
77 | 2007 | Independent Chairman of the Board |
Thomas Kitchen |
65 | 2011 | President, Chief Executive Officer, Director |
Lewis Derbes |
41 | 2011 | Chief Financial Officer, Senior Vice President, Treasurer |
Kenneth Myers |
55 | 2011 | Executive Vice President - Operations and Sales |
Lawrence Hawkins |
64 | 2000 | Executive Vice President; President - Investors Trust, Inc. |
Angela Lacour |
40 | 2011 | Chief Accounting Officer, Senior Vice President - Finance |
Martin de Laureal |
61 | 2007 | Senior Vice President - Corporate Development and Investor Relations |
Lisa Winningkoff |
45 | 2011 | Senior Vice President, Corporate Secretary, Senior Administrative Officer |
Christine Hunsaker |
46 | 2009 | Senior Vice President - Cremation |
Larry Merington |
58 | 2012 | Senior Vice President - Strategic Market Development |
Michael Miller |
42 | 2011 | Senior Vice President - Western Division |
G. Kenneth Stephens |
51 | 2011 | Senior Vice President - Eastern Division |
Kent Alphonso |
56 | 2012 | Chief Information Officer, Vice President |
Kelly Millberger |
52 | 2012 | Vice President - Sales Effectiveness |
Philip Sprick |
56 | 2011 | Vice President - Marketing |
John Elstrott |
64 | 2012 | Lead Independent Director |
Alden McDonald |
69 | 2001 | Independent Director |
Ronald Patron |
68 | 2006 | Independent Director |
Ashton Ryan |
65 | 2004 | Independent Director |
John Saer |
55 | 2011 | Independent Director |
Biographies
| Name | Description |
|---|---|
Frank Stewart |
Mr. Frank B. Stewart, Jr., is Independent Chairman of the Board of Stewart Enterprises Inc. Mr. Stewart joined the business in 1959 and became President and Chief Executive Officer in 1966. The business was consolidated as Stewart Enterprises, Inc. in 1970, and, effective with that reorganization, Mr. Stewart became a member of Company’s board. Mr. Stewart was appointed the board’s Chairman in 1984, overseeing initial public offering in 1991 and an expansion that has resulted in current position as the provider of funeral and cemetery products and services in the death care industry in the United States today. In 2003, after more than 44 years in the business, Mr. Stewart retired from all management positions with the Company, and became Chairman Emeritus. However, Mr. Stewart was appointed Chairman of board again in April 2007, a position he continues to hold today. Mr. Stewart has been in the death care industry throughout his career. He served as President and a director of the Southern Cemetery Association, former President of the Louisiana Cemetery Association, and is a member of the International Cemetery, Cremation and Funeral Association (“ICCFA”). In 2010, the ICCFA honored Mr. Stewart with its Lifetime Achievement Award. Mr. Stewart is also the Chairman of the Board and sole owner of Stewart Capital, LLC, one of the private investment holding companies in the Gulf South. In addition to his business activities, Mr. Stewart has a commitment to community service demonstrated by his support of numerous charitable and civic organizations such as the Boy Scouts of America, the National World War II Museum, and the Business Council of New Orleans. He has served on many non-profit boards, including currently the Better Business Bureau, Crimestoppers, World Trade Center, and Navy League, and formerly served for many years on the Tulane University Board of Administrators and the Ochsner Medical Foundation Board, as well as the Boards of the Rotary Club of New Orleans and the Salvation Army. |
Thomas Kitchen |
Mr. Thomas M. Kitchen is President, Chief Executive Officer, Director of Stewart Enterprises, Inc. On January 24, 2011, Mr. Kitchen was appointed to the position of President and Chief Executive Officer effective April 7, 2011. Mr. Kitchen previously served as Senior Executive Vice President since March 31, 2007 and as Chief Financial Officer since December 2, 2004. He has also served as a director since February 18, 2004. From June 30, 2006 through March 31, 2007, Mr. Kitchen served as acting Chief Executive Officer. From July 2003 until he became the company's Chief Financial Officer, he served as an investment management consultant with Equitas Capital Advisors, LLC. From 1987 to 1999, he was Chief Financial Officer of Avondale Industries, Inc., a publicly-traded company engaged in the design, construction, system integration and repair of complex ships for commercial and government customers. He served as President of Avondale from 1999 to 2002, after Avondale’s acquisition by Litton Industries, which was subsequently acquired by Northrop Grumman Corporation. |
Lewis Derbes |
Mr. Lewis J. Derbes, Jr., is Chief Financial Officer, Senior Vice President, Treasurer of Stewart Enterprises, Inc. On January 24, 2011, Mr. Derbes was appointed Senior Vice President and Chief Financial Officer effective April 7, 2011 and continued his position as Treasurer. Previously Mr. Derbes held the position of Senior Vice President of Finance, Secretary and Treasurer since July 2008. He served as Vice President, Secretary and Treasurer of the Company from May 2005 through July 2008. Prior to joining the Company, Mr. Derbes served as Chief Financial Officer of Conrad Industries, a publicly-traded company engaged in the construction and repair of government and commercial marine vessels, from 2002 through 2004 and as Operations Manager of Kirschman’s LLC, a furniture retailer, from late 2004 until joining the Company. |
Kenneth Myers |
Mr. Kenneth G. Myers, Jr., serves as Executive Vice President - Operations and Sales of Stewart Enterprises, Inc. On August 10, 2011, Mr. Myers was appointed to the position of Executive Vice President of Operations and Sales. Prior to that time, he served as Senior Vice President of Operations since June 2008. He served as Senior Vice President of Finance of the Company from February 2006 through June 2008. He has also served as a consultant to the Company from February 2005 to February 2006. From July 2004 through February 2006, he provided consulting services specializing in Sarbanes-Oxley compliance. From 2001 to 2004, he was the Chief Executive Officer, President and Director of Conrad Industries, a publicly-traded company engaged in the construction and repair of government and commercial marine vessels. From 1992 to 2001, he served as Vice President of Avondale Industries, Inc., a publicly-traded company engaged in the design, construction, system integration and repair of complex ships for commercial and government customers, which was subsequently acquired by Northrop Grumman Corporation. |
Lawrence Hawkins |
Mr. Lawrence B. Hawkins is Executive Vice President of Stewart Enterprises Inc., President - Investors Trust, Inc., subsidiary of Stewart Enterprises Inc. He is also the President of Investors Trust, Inc., the Stewart subsidiary since 1979 that manages all Stewart trust accounts. He also serves on Stewart’s Senior Executive Committee. Prior to joining Investors Trust in 1989, he handled Stewart’s trust accounts as the head of personal trust investments for a Texas bank. He was the senior vice president of M Trust of Dallas, vice president and manager of investments for Valley National Bank in Tucson, Ariz., and assistant vice president and portfolio manager for Mellon Bank. He earned a Master’s degree in Business Administration from Cornell University in Ithaca, N.Y. and a Bachelor’s degree in Economics from Trinity College in Hartford, Conn. |
Angela Lacour |
Ms. Angela M. Lacour is Chief Accounting Officer, Senior Vice President - Finance of Stewart Enterprises, Inc. On July 7, 2011, Ms. Lacour was appointed Senior Vice President of Finance while continuing to serve as the Company’s Chief Accounting Officer. Prior to that time, she served as Vice President, Corporate Controller and Chief Accounting Officer since July 2006. She joined the Company in February 1997 and has served in a variety of financial and accounting positions including Director of Financial Reporting and Assistant Corporate Controller. Prior to joining the Company, Ms. Lacour was an auditor with KPMG LLP for four years. |
Martin de Laureal |
Mr. Martin R. de Laureal is Senior Vice President - Corporate Development and Investor Relations of Stewart Enterprises Inc. On November 1, 2007, Mr. de Laurèal was appointed Senior Vice President of Corporate Development and Investor Relations. He joined the Company in 1977 and has held numerous management positions. Mr. de Laurèal has also served as President of Acme Mausoleum Corporation since January 2007. From December 1995 to December 2003, he was Vice President of Investor Relations, and from December 2003 to November 2007, he was Senior Vice President of Investor and Corporate Relations. |
Lisa Winningkoff |
Ms. Lisa T. Winningkoff is Senior Vice President, Corporate Secretary, Senior Administrative Officer of Stewart Enterprises, Inc. On July 7, 2011, Ms. Winningkoff was appointed Senior Vice President and Corporate Secretary while continuing to serve as the Company’s Senior Administrative Officer. Prior to that time, she served as Vice President and Senior Administrative Officer since December 2005. From December 2004 to December 2005, she served as the Company’s Compensation and Benefits Director. From July 2002 through December 2004, she served as the Director of Compliance. She joined the Company in June 1991 and held several financial and accounting positions, including Assistant Treasurer and Director of Financial Reporting. |
Christine Hunsaker |
Ms. Christine Hunsaker is Senior Vice President - Cremation of Stewart Enterprises, Inc. On December 1, 2009, Ms. Hunsaker was appointed Senior Vice President of Cremation. From March 2009 through November 2009, she was a consultant to the Company in evaluating its cremation business and helping to identify targets for growth. From 2004 to the present, she owns and operates Paws, Whiskers & Wags, Your Pet Crematory, a pet cremation company in Atlanta helping over 3,000 clients annually. She worked for Service Corporation International twice in the past in various senior management positions addressing cremation revenue and growth. During her last assignment at SCI from 2002 to 2004, she was President of Cremation Services/Cremation Operations, North America, and led the expansion of National Cremation Society, SCI’s cremation brand. Prior to her employment at SCI, Ms. Hunsaker worked for the Batesville Casket Company and was part of the team that launched Options, Batesville’s cremation company. |
Larry Merington |
Mr. Larry L. Merington is Senior Vice President - Strategic Market Development of Stewart Enterprises, Inc. On August 11, 2012, Mr. Merington was appointed Senior Vice President of Strategic Market Development. From August 2010 through August 2012, Mr. Merington served as Vice President of Strategic Market Development. From March 2009 through August 2010, he was Senior Vice President of Marketing. Prior to that time, he served as Senior Vice President of Sales and Marketing since September 2007. From 2005 to 2007, he was the Chief Operating Officer of Ace Bayou, a furniture and pet products corporation in Kenner, Louisiana. From 2003 to 2005, Mr. Merington was the Vice President of Business Development at New York Environmental Services, a medical waste company. After the terrorist attack on the United States on September 11, 2001, he was called to active duty for one year as a commander in the United States Air Force in Afghanistan. From 1996 through 2001, he served various senior management roles at Browning-Ferris Industries before becoming President of its Gas Services Division. |
Michael Miller |
Mr. Michael H. Miller serves as Senior Vice President - Western Division of Stewart Enterprises, Inc. On August 10, 2011, Mr. Miller was appointed Senior Vice President – Western Division. He previously served as the Regional Vice President for the Company’s Western Region. He joined the Company in 1988 and became a member of the management team at Laurel Land Funeral Home in Dallas. In 2000, Mr. Miller was named Director of Operations for Southern California, and was named Regional Vice President of Southern California in 2005 when the Catholic Mortuaries were added to his area of responsibility. |
G. Kenneth Stephens |
Mr. G. Kenneth Stephens, Jr., serves as Senior Vice President - Eastern Division of Stewart Enterprises, Inc. On August 10, 2011, Mr. Stephens was appointed Senior Vice President – Eastern Division. Prior to that time, he served as Senior Vice President of Sales since March 2009. He served as Executive Vice President and President of the company's former Western Division from July 2005 through March 2009. From January 2000 to July 2005, he served as Senior Vice President and President of the company's former Eastern Division. |
Kent Alphonso |
Mr. Kent J. Alphonso serves as the Chief Information Officer, Vice President of Stewart Enterprises Inc. Mr. Alphonso joined the Company in 1985 and has served in a number of key roles, including Information Systems Manager and Director of Information Systems. Prior to becoming Vice President and Chief Information Officer, Mr. Alphonso held the position of Vice President of Information Systems since 1992. |
Kelly Millberger |
Ms. Kelly K. Millberger serves as the Vice President - Sales Effectiveness of Stewart Enterprises Inc. On May 5, 2012, Ms. Millberger was appointed to the position of Vice President of Sales Effectiveness. She joined the Company in 1999 and has served in a number of key sales and marketing roles, including Senior Sales Executive, Regional Marketing Director, Area Sales Executive and Personnel Development Manager. Prior to joining the Company, Ms. Milberger served as Vice President and Marketing Director with Victoria Bank & Trust from 1984 to 1991, and as National Market Regional Sales Consultant with The Forethought Group, an insurance subsidiary of Hillenbrand Industries, from 1993 until joining the Company. |
Philip Sprick |
Mr. Philip G. Sprick serves as the Vice President - Marketing of Stewart Enterprises Inc. On March 12, 2011, Mr. Sprick was appointed to the position of Vice President of Marketing. Mr. Sprick joined the Company in 1999 and has served in a number of key roles, including Vice President of Human Resources, Senior Administrative Officer, Director of Employee Development and Performance Catalyst Coach. Prior to joining the Company, Mr. Sprick served as an accountant with Price Waterhouse and Company from 1978 to 1980, as a Special Agent of the Federal Bureau of Investigation from 1980 to 1985 and as Senior Vice President and Human Resources Manager with First Commerce Corporation, a Louisiana-based bank holding company, from 1985 to 1998. He served as Regional Human Resources Manager with Banc One Corporation, a multi-bank holding Company, from 1998 (when Banc One acquired First Commerce) until joining the Company. |
John Elstrott |
Dr. John B. Elstrott, Jr., Ph.D., serves as Lead Independent Director of Stewart Enterprises Inc. He is a Clinical Professor of Entrepreneurship and the founding director of the Levy-Rosenblum Institute for Entrepreneurship at Tulane University’s Freeman School of Business, which was started in 1991. Dr. Elstrott teaches graduate-level courses in entrepreneurship and, through his work at the Levy-Rosenblum Institute, helps to coordinate joint academic, government, and business initiatives designed to stimulate private enterprise. He has also invested personally in many entrepreneurial ventures. Prior to joining the Tulane University faculty, Dr. Elstrott was Chief Financial Officer of Celestial Seasonings, Inc. Since 1995, Dr. Elstrott has served as a director of Whole Foods Market, Inc. (“Whole Foods”), a Fortune 300 company and the world’s leader in natural and organic foods with more than 300 stores in North America and the United Kingdom. He currently serves as the Chairman of the Board of Whole Foods, having served as its Lead Director from 2001 to 2009. Dr. Elstrott is also a member of Whole Foods’ audit committee. With a Ph.D. in Economics and more than 40 years of experience as an entrepreneur and investor, Dr. Elstrott is a consultant to various privately-held businesses as well as for-profit and not-for-profit corporations. Dr. Elstrott is also a Founder and Director of the Tulane Business Center. |
Alden McDonald |
Mr. Alden J. McDonald is Independent Director of Stewart Enterprises Inc. He is President, Chief Executive Officer, director, and a founder of Liberty Bank and Trust Co. (“Liberty Bank”), a privately-held bank that is one of the five African-American-owned financial institutions in the United States. Since its founding in 1972, Liberty Bank has grown from one New Orleans office to 19 branch offices and loan production offices in six metropolitan areas and six states. Mr. McDonald has a long record of distinguished service on numerous community non-profit and for-profit boards. He serves as a board member of Ochsner Baptist Medical Center and University Medical Center Management Corporation and on the advisory board of Entergy New Orleans. He is a member of the grants committee of the Baptist Community Ministries, one of the private foundations in Louisiana. He has served as a Commissioner of the Port of New Orleans and as Chairman of the New Orleans Chamber of Commerce. |
Ronald Patron |
Mr. Ronald H. Patron is Independent Director of Stewart Enterprises Inc. He is a private investor who retired from the Company’s management in 2001 after more than 18 years of service. Mr. Patron first joined the Company in 1983, and was appointed President of the Corporate Division and Chief Financial Officer in 1987. Mr. Patron was elected to the Company’s board in 1991. In 1998, Mr. Patron retired from his board seat and position as President of the Corporate Division, but continued to serve the Company as a consultant and Chief Administrative Officer until his full retirement in 2001. Prior to his employment with Company, Mr. Patron served as Chief Financial Officer and, later, Chief Executive Officer of Enertech, Inc., a publicly-traded company specializing in oil-related services. Mr. Patron was integrally involved in the initial public offering of each of Enertech and Company. Mr. Patron is involved in numerous charitable and civic endeavors, including the Cystic Fibrosis Foundation. |
Ashton Ryan |
Mr. Ashton J. Ryan, Jr., CPA, is Independent Director of Stewart Enterprises Inc., since 2004. He is the President, Chief Executive Officer and Chairman of the Board of First NBC Bank, a community bank he founded in 2006 in the aftermath of Hurricane Katrina to assist in the rebuilding of New Orleans. Mr. Ryan served as President and Chief Executive Officer of First Bank and Trust from October 1998 to July 2005. From July 1998 until October 1998, he served as Vice Chairman of Bank One, Louisiana and Chairman of its New Orleans market. Prior to its acquisition by Bank One in 1998, he served as President and Chief Executive Officer of First National Bank of Commerce, positions he held since 1991. Mr. Ryan spent the first 20 years of his career with Arthur Andersen and Company, specializing in auditing and consulting for financial institutions. Mr. Ryan is active in community programs and serves on the boards of many non-profit and private entities, including Junior Achievement, the Urban League, and Catholic Charities of New Orleans. Mr. Ryan is a Certified Public Accountant and regularly teaches as an Adjunct Professor at Tulane University’s business school. |
John Saer |
Mr. John K. Saer, Jr., serves as Independent Director of Stewart Enterprises Inc., since 2011. He is a Managing Director of GI Partners. Mr. Saer joined GI Partners in November 2010 in conjunction with its appointment as manager and co-investor of CalEast Global Logistics LLC (“CalEast”). Through his relationship with GI Partners, Mr. Saer serves as Executive Chairman of CenterPoint Properties Trust, the holding within the CalEast platform. Prior to joining GI Partners, Mr. Saer was a partner at Kohlberg Kravis Roberts & Co (“KKR”), a private equity firm with over $50 billion in assets under ownership and management. He joined KKR in 2001 after having spent eight years in senior financial and operational management positions with a KKR portfolio company, KSL Recreation, where he held positions as Vice President of Business Development and Acquisitions and Chief Financial Officer. While at KKR, Mr. Saer served as head of both the industrial and the real estate investing industry groups, and also as a member of the Portfolio Management Committee. Mr. Saer served on the boards of a number of KKR portfolio companies, including Biomet, Aveos, Borden Chemical, KSL Recreation, and KSL Holdings, and served as a member of the audit committees of Biomet, Borden Chemical, and KSL Recreation. Upon his retirement from full-time employment with KKR, Mr. Saer served as a senior advisor to KKR from October 2009 to June 2010. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Frank Stewart |
467,048 |
Thomas Kitchen |
2,974,550 |
Lewis Derbes |
1,640,460 |
Kenneth Myers |
2,220,090 |
Lawrence Hawkins |
1,268,090 |
Angela Lacour |
-- |
Martin de Laureal |
-- |
Lisa Winningkoff |
-- |
Christine Hunsaker |
-- |
Larry Merington |
-- |
Michael Miller |
-- |
G. Kenneth Stephens |
1,324,380 |
Kent Alphonso |
-- |
Kelly Millberger |
-- |
Philip Sprick |
-- |
John Elstrott |
-- |
Alden McDonald |
-- |
Ronald Patron |
-- |
Ashton Ryan |
-- |
John Saer |
-- |
As Of 30 Oct 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Frank Stewart |
45,000 | 1,371,820 |
Thomas Kitchen |
0 | 0 |
Lewis Derbes |
0 | 0 |
Kenneth Myers |
0 | 0 |
Lawrence Hawkins |
126,667 | 306,463 |
Angela Lacour |
0 | 0 |
Martin de Laureal |
0 | 0 |
Lisa Winningkoff |
0 | 0 |
Christine Hunsaker |
0 | 0 |
Larry Merington |
0 | 0 |
Michael Miller |
0 | 0 |
G. Kenneth Stephens |
126,667 | 308,563 |
Kent Alphonso |
0 | 0 |
Kelly Millberger |
0 | 0 |
Philip Sprick |
0 | 0 |
John Elstrott |
0 | 0 |
Alden McDonald |
0 | 0 |
Ronald Patron |
0 | 0 |
Ashton Ryan |
0 | 0 |
John Saer |
0 | 0 |

