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United States

ePlus inc (PLUS.OQ)

PLUS.OQ on NASDAQ Stock Exchange Global Select Market

72.57USD
14 Dec 2018
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Summary

Name Age Since Current Position

Phillip Norton

74 2018 Executive Chairman

Mark Marron

57 2018 President, Chief Executive Officer, Director

Elaine Marion

50 2008 Chief Financial Officer

Darren Raiguel

48 2018 Chief Operating Officer

Douglas King

2018 Chief Information Officer

Mark Kelly

2017 Chief Strategy Officer

C. Thomas Faulders

68 2010 Lead Independent Director

Bruce Bowen

66 2014 Director

John Callies

64 2010 Independent Director

Lawrence Herman

74 2001 Independent Director

Eric Hovde

54 2006 Independent Director

Ira Hunt

62 2014 Independent Director

Maureen Morrison

63 2018 Independent Director

Terrence O'Donnell

74 1996 Independent Director

Biographies

Name Description

Phillip Norton

Mr. Phillip G. Norton, Jr., is Executive Chairman of the Company, effective July 31, 2018. Mr. Norton joined the Company in March 1993 as Chairman of the Board and CEO, and became its Executive Chairman in 2016, to focus on corporate strategy, acquisitions, and transactions within the financing segment as well as customer engagement. Mr. Norton will retire as an employee of ePlus effective July 31, 2018, and will remain on the board as Executive Chairman. Prior to joining ePlus, Mr. Norton was the founder, Chairman of the Board of Directors, President, and Chief Executive Officer of Systems Leasing Corporation, an equipment leasing and equipment Brokerage Company that he founded in 1978, and sold to PacifiCorp, Inc., a large Northwest utility, in 1986. From 1986 to 1990, Mr. Norton served as President and CEO of PacifiCorp Capital, Inc., the leasing entity of PacifiCorp, Inc., which had over $800 million of leased assets. From 1990 until 1993, Mr. Norton coached high school basketball and invested in real estate. From 1975-1978, he was Vice President of Federal Leasing Corporation, a provider of financing and logistics to federal, state, and local governments and from 1970-1975, he worked in various sales and management roles for Memorex Corporation, a manufacturer of storage and communication equipment. Mr. Norton is a 1966 graduate of the U.S. Naval Academy, with a Bachelor of Science in engineering, and served in the U.S. Navy from 1966-1970 as a Lieutenant in the Supply Corps. Mr. Norton brings leadership, vision, and extensive business, operating, and financing experience to the Board.

Mark Marron

Mr. Mark P. Marron is President, Chief Executive Officer, Director of the Company. Mr. Marron first joined our subsidiary ePlus Technology, inc. in 2005 as Senior Vice President of Sales. On April 22, 2010, he was appointed as Chief Operating Officer of ePlus inc. and President of ePlus Technology, inc. Prior to joining us, from 2001 – 2005 Mr. Marron served as Senior Vice President of Worldwide Sales of NetIQ. Prior to joining NetIQ, Mr. Marron served as Senior Vice President and General Manager of Worldwide Channel Sales for Computer Associates International Inc. Mr. Marron has a Bachelor of Science degree in Computer Science from Montclair State University.

Elaine Marion

Ms. Elaine D. Marion is Chief Financial Officer of the Company. Ms. Marion joined us in 1998 and became our Chief Financial Officer on September 1, 2008. From 2004 to 2008, Ms. Marion served as our Vice President of Accounting. Prior to that, she was the Controller of ePlus Technology, inc., a subsidiary of ePlus, from 1998 to 2004. Prior to joining ePlus, Ms. Marion was General Manager of Bristow Development Corporation. She serves on the Executive Advisory Board of the College of Business at the University of Mary Washington, and is a member of the George Mason University School of Business Dean’s Advisory Council. Ms. Marion is a graduate of George Mason University, where she earned a Bachelor of Science degree with a concentration in Accounting.

Darren Raiguel

Mr. Darren S. Raiguel is Chief Operating Officer of the company. He was previously Executive Vice President of Technology Sales of ePlus Technology, inc., a position he began in 2014 after a 17-year tenure with ePlus, where he played an instrumental role in the growth, maturity, and development of the Company's public sector and commercial business. Prior to becoming Executive Vice President, he was Senior Vice President, responsible for the municipal, commercial and enterprise business in Pennsylvania/New Jersey and the entire Northeast region. He holds a Bachelor of Business Administration from Temple University in Philadelphia, Pennsylvania, with dual majors in Marketing and Finance. There are no family relationships between Mr. Raiguel and any director or executive officer of the Company.

Douglas King

Mr. Douglas King is Chief Information Officer of the Company. Prior to joining ePlus, Mr. King served as CIO and SVP of Administration at Landauer, Inc., a former NYSE listed company before being acquired by Fortive Corporation. He has extensive leadership experience and expertise in IT strategy, informatics, product development, infrastructure services, technology assessment, and program implementation. His previous positions include other CIO roles and various technology-related positions at private and public companies. Mr. King holds Master's degrees in Business Administration and Engineering Management and Bachelor's degrees in Economics and Mathematics, all from Northwestern University.

Mark Kelly

Mr. Mark Kelly serves as Chief Strategy Officer of the Company. In this newly-created position, Mr. Kelly is responsible for developing and guiding the company's go-to market and execution strategies for its integrated offerings in the cloud, security, and digital infrastructure—with a focus on improving the customer experience and driving transformative business outcomes. He will also align key partner initiatives with company strategy and oversee corporate marketing and messaging to gain mindshare with customers and partners. Mr. Kelly brings 20+ years of strategic leadership experience and senior management responsibility in the industry, having successfully driven sales growth and innovation in highly-competitive markets. Mr. Kelly has been responsible for creating, communicating, and implementing corporate strategies including developing and refining solutions, and building out sales and services go-to market plans. He was also led sales, marketing, and strategic partnerships and alliances.

C. Thomas Faulders

Mr. C. Thomas Faulders, III, is Lead Independent Director of the Company. Mr. Faulders was the President and Chief Executive Officer of the University of Virginia Alumni Association from 2006 until his retirement in 2017. Prior to that, Mr. Faulders served as the Chairman and Chief Executive Officer of LCC International, Inc. from 1999 to 2005, and as Chairman of Telesciences, Inc., an information services company, from 1998 to 1999. From 1995 to 1998, Mr. Faulders was Executive Vice President, Treasurer, and Chief Financial Officer of BDM International, Inc., a prominent systems integration company. Mr. Faulders also served as the Vice President and Chief Financial Officer of COMSAT Corporation, an international satellite communication company, from 1992 to 1995. Prior to this, Mr. Faulders served in a variety of executive roles at MCI, including Treasurer and Senior Vice President of Marketing. He has served on numerous boards in the past and has held roles as chairs of compensation, audit, and governance committees. He is a 1971 graduate of the University of Virginia, and in 1981, he received a Masters of Business Administration from the Wharton School of the University of Pennsylvania. The Board believes Mr. Faulders’ extensive executive and financial experience in the telecommunications and high tech sectors, along with his experience as Chief Financial Officer of a public company, enables him to provide considerable financial expertise, business management, and operational knowledge, insight, and guidance to the Board. He qualifies as an audit committee financial expert within the meaning of SEC regulations.

Bruce Bowen

Mr. Bruce M. Bowen is an Director of the Company. Mr. Bowen founded our company in 1990 and served as our President until September 1996. Beginning in September 1996, Mr. Bowen has served as our Executive Vice President and from September 1996 to June 1997 also served as our Chief Financial Officer. In March 2014, Mr. Bowen stepped down as Executive Vice President, however, he continues to serve as an employee, focusing on business development and special projects. Mr. Bowen has served on the Board since our founding. Prior to founding the Company he served as Senior Vice President of PacifiCorp Capital, Inc. In the past, he has served as Chairman of the Association for Government Leasing and Finance as well as various committees of the Equipment Leasing and Finance Association, which gave him a broad understanding of issues affecting our industry. During his leasing career, Mr. Bowen has participated in equipment lease financing in excess of $3 billion, involving many major vendors as well as government contractors. Mr. Bowen is a 1973 graduate of the University of Maryland with a Bachelor of Science in Finance and in 1978 received a Masters of Business Administration in Finance from the University of Maryland. Throughout his leasing career, he has been responsible for finance and funding, and sales and operations activities, providing the Board with a vast array of knowledge in a multitude of industry-specific areas.

John Callies

Mr. John E. Callies is Independent Director of the Company. Mr. Callies is a Senior Advisor to McKinsey and Company, and also serves on the Advisory Board of the Leeds School of Business at the University of Colorado. Previously, he was employed by IBM in various capacities for 34 years. Mr. Callies served as general manager of IBM Global Financing from 2004 until his retirement in June 2010. With operations in 55 countries supporting 125,000 clients, Mr. Callies led the world’s largest information technology financing and asset management organization, and was responsible for business direction and management of a portfolio of nearly $35 billion in total assets. As vice president, marketing, On Demand Business for IBM, Mr. Callies had company-wide responsibility for all marketing efforts in support of On Demand Business, along with leading the marketing management discipline for IBM. In 2003, Mr. Callies was appointed vice president, marketing and strategy, of IBM Systems Group. Prior to that, beginning in 1996 when he was named general manager, small and medium business, IBM Asia Pacific Corporation, based in Tokyo, Japan, Mr. Callies had filled roles in marketing and marketing management. In 1991 he was named general manager of IBM Credit Corporation’s end-user financing division, now called IBM Global Financing. Mr. Callies is a former Chair of the Board of Governors of Fairfield Preparatory School in Fairfield, Connecticut, and former member of the advisory board of Lehigh University. Mr. Callies holds a Bachelor of Science in Economics from Lehigh University. The Board believes that Mr. Callies’ knowledge of our business, including the leasing sector, along with his sales, operational, strategic, international, and board experience add value to the Board.

Lawrence Herman

Mr. Lawrence S. Herman is Independent Director of the Company. Until his retirement in July 2007, Mr. Herman was one of KPMG’s and BearingPoint’s most senior Managing Directors with responsibility for managing the strategy and emerging markets in the company’s state and local government practice. During his 40 year career with BearingPoint and KPMG, Mr. Herman specialized in developing, evaluating, and implementing financial and management systems and strategies for state and local governments around the nation, as well as mid-market companies and organizations. In many assignments during his career with KPMG and BearingPoint, Mr. Herman was responsible for directing teams which evaluated, designed and implemented systems of internal controls covering procurement, accounting and human resources systems. He has directed accounting systems integration projects for the private and public sectors, and several statewide performance and budget reviews for California, North Carolina, South Carolina, Louisiana, Oklahoma, and others, resulting in strategic fiscal and technology plans. He is considered to be one of the nation’s foremost state budget, financial accounting and fiscal planning experts. In recent years Mr. Herman has been active in leadership positions with not-for-profit organizations, as well as strategic and financial consulting with an unrelated family owned business in the apparel industry. Mr. Herman received his Bachelor of Science degree in Mathematics and Economics from Tufts University in 1965 and his Masters of Business Administration in 1967 from Harvard Business School. The Board believes that Mr. Herman’s strategic expertise in private sector and public sector government systems, and with technology issues, provides value to the Board in market segments core to the Company’s business.

Eric Hovde

Mr. Eric D. Hovde is Independent Director of the Company. Mr. Hovde is an active entrepreneur who has started and manages numerous business enterprises. Mr. Hovde is the Chairman and CEO of H Bancorp LLC, a private bank holding company. He has served as a director on numerous bank boards throughout his career and is currently serving on the boards of two of H Bancorp’s largest holdings – Sunwest Bank, where he is also the CEO, and Old Line Bancshares. Additionally, he serves as the CEO and co-owner of Hovde Properties, LLC, a real estate development and management company, located in Madison, Wisconsin. Mr. Hovde also founded and previously managed both Hovde Financial, an investment banking firm, and Hovde Capital Advisors, an asset management company. Together with his brother, Steve, Mr. Hovde created and continue to fund the Hovde Foundation. The foundation supports numerous charitable activities but has two central missions. The first mission is building and funding Hovde Homes which operate around the globe to care for children who have been rescued from slavery, or are suffering from abuse or abandonment. The second mission is funding clinical research to find a cure for Multiple Sclerosis. Mr. Hovde earned degrees in Economics and International Relations at the University of Wisconsin. The Board believes that Mr. Hovde’s expertise in the financial services industry, investment management areas, and business operations, and his experience on publicly-held and private boards, brings valuable insight to the Board.

Ira Hunt

Mr. Ira A. Hunt, III, is Independent Director of the Company. Beginning in June 2016, Mr. Hunt is Managing Director and Cyber Lead for Accenture Federal Services in Arlington, Virginia. Previously he was Chief Architect for Bridgewater Associates, a hedge fund located in Westport, Connecticut, and President and Chief Executive Officer of Hunt Technology, LLC, a private consulting practice focused on strategic IT planning, cyber and data-centric security, big data analytics, and cloud computing. In October 2013, after a 28 year career, Mr. Hunt retired from the Central Intelligence Agency (the “CIA”) as its Chief Technology Officer. Prior to that, Mr. Hunt served as Director, Application Services, which was one of the largest business units in the CIA. Mr. Hunt began his CIA career in 1985 as an analyst in the CIA’s Directorate of Intelligence, and subsequently served in positions of increasing responsibility across the organization to include: the Directorate of Intelligence, DCI’s Non-Proliferation Center, Crime Narcotics Center, Open Source Program Office, and Chief Information Officer. Mr. Hunt began his career in 1979 working as an aerospace engineer for Rockwell International and General Research Corporation. Mr. Hunt currently serves on the Board of Directors for Mission Link, a non-profit organization. He holds a Bachelor of Engineering and Masters of Engineering in Civil/Structural Engineering from Vanderbilt University in Nashville, Tennessee. The Board believes that Mr. Hunt’s extensive knowledge of the technology industry, including strategic IT planning, cyber and data-centric security, big data analytics, cloud computing, and IT architecture and environment, bring industry expertise to our Board.

Maureen Morrison

Ms. Maureen F. Morrison is Independent Director of the Company. Ms. Morrison joined the ePlus Board of Directors in June 2018. She is a highly accomplished senior executive leader who retired in 2015 from a career as an audit partner at PricewaterhouseCoopers, LLP, where she worked with prominent, private equity backed entities and multibillion dollar global technology corporations. She has diversified experience in software, IT-enabled solutions and consulting, hardware, and manufacturing. The Board believes that, as a highly-respected financial and accounting professional, Ms. Morrison brings extensive experience in corporate boardrooms, advising audit committees of midcap public companies, private equity-backed entities, and Fortune 500 companies to the Board. She currently serves as an independent director and audit committee chair of the board of directors for Safeguard Scientifics, Inc., and is a board member representing the education committee (and formerly the finance committee) for not-for-profit The Alliance Theater in Atlanta, Georgia. She holds a Bachelor of Arts in Business Administration with a concentration in Accounting from Rutgers University.

Terrence O'Donnell

Mr. Terrence O'Donnell is Independent Director of the Company. Mr. O’Donnell is Senior Counsel with the law firm of Williams & Connelly LLP in Washington D.C. From March 2000 until his retirement on January 31, 2012, Mr. O’Donnell served as Executive Vice President, General Counsel, and Chief Compliance Officer of Textron, Inc., a global multi-industry company with operations in more than 25 nations, including a significant finance segment with extensive leasing operations. Mr. O’Donnell additionally served as Textron Inc.’s Corporate Secretary from 2009 until he retired. From 1993 to 2009, Mr. O’Donnell served on the Board of Directors and the Compensation, Nominating and Audit Committees of IGI Laboratories, Inc., an NYSE-Amex Equities company. From 1989 to 1992, Mr. O’Donnell served as General Counsel to the U.S. Department of Defense. Mr. O’Donnell is a 1966 graduate of the U.S. Air Force Academy and received a Juris Doctor from Georgetown University Law Center in 1971. The Board believes that Mr. O’Donnell’s legal, financial, compliance, international, and multi-industry experience, along with his service on a variety of boards, bring legal, compliance, government, business, and governance experience to the Board.

Basic Compensation

Name Fiscal Year Total

Phillip Norton

1,430,600

Mark Marron

2,953,470

Elaine Marion

1,728,060

Darren Raiguel

--

Douglas King

--

Mark Kelly

--

C. Thomas Faulders

149,933

Bruce Bowen

200,000

John Callies

149,933

Lawrence Herman

149,933

Eric Hovde

149,933

Ira Hunt

149,933

Maureen Morrison

--

Terrence O'Donnell

149,933
As Of  30 Mar 2018