Set forth below are the names of each director, the year in which they first became a director, their ages as of August 31, 2009, their positions and offices with us, their principal occupations and business experience during the five years ended June 30, 2009, and the names of other public companies for which they serve as a director. Stephen E. Anbinder, Vice Chairman of the Board of Directors Age: 71 Stephen E. Anbinder is a co-founder of First Marblehead and has served as Vice Chairman of the Board of Directors since May 2002. Mr. Anbinder served as a consultant to us from June 2006 to December 2007, following his retirement as an employee. Mr. Anbinder previously served as our President from December 1995 to May 2002, Group Head, Capital Markets from 1992 to March 2003, and Treasurer, from May 2002 to June 2003. From 1980 to 1981 and from 1962 to 1969, Mr. Anbinder held positions with Scudder Stevens & Clark, an investment counseling firm, serving most recently as a Vice President and member of its investment policy committee. From 1970 to 1979, Mr. Anbinder served as a Managing Director of Dillon Read & Company, a securities brokerage firm, where he headed the fixed income capital markets group and was a member of the board of directors. Mr. Anbinder received a B.A. from Cornell University and an M.B.A. from the Harvard Graduate School of Business Administration. Back to topNancy Y. Bekavac, Director Age: 58 Nancy Y. Bekavac has served as a director since May 2010. Ms. Bekavac is President Emerita of Scripps College. From 2007 to 2010, Ms. Bekavac 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 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 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 a member of the Board of Directors of Electro Rent Corporation, an electronic equipment rental, sale and lease company, where she serves as the Chair of the Governance Committee. Ms. Bekavac received a J.D. from Yale Law School and a B.A. from Swarthmore College. William R. Berkley, Lead Director Age: 63 William R. Berkley has served as a director since December 1995, and as our Lead Director since January 2004. Mr. Berkley served as interim Chairman of the Board of Directors from September 2005 until October 2005. Mr. Berkley has served as Chairman of the Board of Directors and Chief Executive Officer of W.R. Berkley Corporation, a publicly held property casualty insurance company, since its formation in 1967. Mr. Berkley also serves as President and Chief Operating Officer of W.R. Berkley Corporation, positions he has held since 2000. Mr. Berkley also serves as Chairman of the Board or director of a number of private companies. These include Associated Community Bancorp, Inc., a bank holding company which owns all of the issued and outstanding capital stock of Connecticut Community Bank, N.A., a federally chartered commercial bank; Interlaken Capital, Inc., a private investment firm; and the American Insurance Association. Mr. Berkley is Vice Chairman of the Board of Trustees of New York University; Chairman of the Board of Overseers of The Leonard N. Stern School of Business of New York University; a Director of Georgetown University; and Chairman of the Board of Directors of Achievement First, a non-profit charter school management organization. Mr. Berkley received a B.S. from New York University and an M.B.A. from the Harvard Graduate School of Business Administration. Dort A. Cameron III, Director Age: 64 Dort A. Cameron III has served as a director since December 1995. Mr. Cameron is a private investor who has served as the Managing Member of the Airlie Group, a money management firm, since 1994. 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.P., 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 and as Chairman of the Board of Directors of Eastern Montana Minerals, Inc. Mr. Cameron received an A.B. from Middlebury College. Henry Cornell, Director Age: 53 Henry Cornell has served as a director since January 2008. Mr. Cornell is a Managing Director of Goldman, Sachs & Co. He is the Chief Operating Officer of its Merchant Banking Division, which includes all of the firm's corporate, real estate and infrastructure investment activities, and a member of the global Merchant Banking Investment Committees. Mr. Cornell joined Goldman Sachs in 1984. Prior to joining Goldman Sachs, Mr. Cornell practiced law with Davis, Polk & Wardwell from 1981 to 1984 in New York and London. Mr. Cornell serves on the Board of Directors of Cobalt International Energy, Kinder Morgan, Inc., USI Holdings Corporation and McJunkin Red Man Corporation. Mr. Cornell is Chairman of The Citizens Committee of New York City, Treasurer and Trustee of the Whitney Museum of American Art, a Trustee of Grinnell College (and Chairman of the Investment Committee), a member of The Council on Foreign Relations, Trustee Emeritus of the Asia Society, a Trustee and Chairman of the Investment Committee of the Japan Society and a member of Sotheby's International Advisory Board. Mr. Cornell received a B.A. from Grinnell College and a J.D. from New York Law School. George G. Daly, Director Age: 68 George G. Daly has served as a director since September 2002. Mr. Daly has served as Dean and Professor at the Robert Emmett McDonough School of Business at Georgetown University since November 2005. From 1998 to October 2005, Mr. Daly was the Albert Fingerhut Professor of Business Administration at the Leonard N. Stern School of Business of New York University. From 1993 to August 2002, he was the Dean of the Stern School. From 1983 to 1993, Mr. Daly served as Dean and Professor at the College of Business Administration at the University of Iowa. He has also served in senior posts in the federal government and as a consultant to the National Football League. Mr. Daly serves as a director of W.R. Berkley Corporation and Stamats Communications, Inc., a higher education marketing and consulting firm. Mr. Daly received an A.B. from Miami University of Ohio and an M.A. and Ph.D. from Northwestern University. Peter S. Drotch, Director Age: 67 Peter S. Drotch has served as a director 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 PriceWaterhouse in 1964. Mr. Drotch held a number of positions at PricewaterhouseCoopers, 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 and member of the Audit Committee, Contracts Committee and Investment Review Committee for Domestic Equities of ING Mutual Funds. He is a director, Chair of the Audit Committee and a member of the Finance and Governance Committees of Tufts Health Plan. His volunteer activities include service as a Trustee, Chair of the Financial Affairs Committee and a member of the Audit Committee of the University of Connecticut. Mr. Drotch received a B.S. in accounting from the University of Connecticut. Thomas P. Eddy, Director Age: 58 Thomas P. Eddy has served as a director since May 2010. Mr. Eddy has served as a Managing Director and co-founder of Jarvinian Venture Fund, an early-stage venture firm, since 2007, and has also 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 received an M.B.A. from the Harvard Graduate School of Business. William D. Hansen, Director William D. Hansen has served as a director since July 2003 and served as chairman of our Advisory Council from July 2003 to April 2007. Mr. Hansen has served since July 2009 as President of Scantron Corporation, a firm providing assessment and survey solutions. 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. From May 2001 to July 2003, Mr. Hansen served as the Deputy Secretary of the U.S. Department of Education, functioning as its Chief Operating Officer. From 1993 to 2001, Mr. Hansen was the President of the Education Finance Council, a trade association representing state-based student loan finance organizations. From 1981 to 1993, he held numerous senior executive positions, including Assistant Secretary for Management and Budget and Chief Financial Officer, at the U.S. Department of Education. He has served on numerous state and national boards and commissions on reforming elementary and secondary schools and increasing access to higher education, including the National Commission on the Cost of Higher Education. Mr. Hansen currently serves as a director of Student Loan Finance Corporation, CollegeNet and the College Access Foundation, and Chairman of the Board of Directors of Madison Education Group, LLC. Mr. Hansen received a B.S. from George Mason University. Daniel Meyers, Chairman of the Board of Directors Age: 46 Daniel Meyers is a co-founder of First Marblehead and has served as our Chief Executive Officer and President and as a director since September 1, 2008. Mr. Meyers served as our Chief Executive Officer and Chairman of the Board of Directors from our incorporation in 1994 until September 2005. 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. At the University of Virginia, he currently serves as the Chair of the Board of the Curry School of Education Foundation and sits on the Finance Committee of the Board of Visitors. He also serves on the Board of the Forum for the Future of Higher Education. Mr. Meyers received an A.B. from Brandeis University and completed the Owner President Management Program at the Harvard Graduate School of Business Administration. |
