Executive Board + Back to List

Steve Miller
Chairman

Robert S. (Steve) Miller joined as Chairman of MidOcean Partners in 2009. Mr. Miller, who is widely recognized for his broad operational experience, served as Chairman of insurance conglomerate AIG form 2010 to 2015. He recently served as Chief Executive Officer at Hawker Beechcraft, Inc. (2012-2013) and as Chairman and CEO of auto parts giant Delphi Corporation (2005-2009). He has also held top leadership posts at many companies including Federal Mogul, Bethlehem Steel, Waste Management, and Morrison Knudson. Mr. Miller began his career in 1968 at Ford Motor Company and after more than a decade there joined Chrysler Corporation where he worked for 13 years, eventually serving as Vice Chairman. While at Chrysler, corporate staffs, financial services, international automotive operations, and non-automotive operations all reported to him. Mr. Miller led the financial negotiations with 400 bank lenders and the Federal government, which resulted in the Loan Guarantee Act bailout package in 1980 that saved Chrysler.

Following his time at Chrysler, Mr. Miller then joined the James D. Wolfensohn, Inc. a New York investment bank, as a senior partner form 1992-1993. During this time Mr. Miller also served as an advisor to Olympia & York, a privately held real estate firm, as it restructured over $20 billion of debts.

Email: rsmiller@midoceanpartners.com

Michael Baughan

Michael B. Baughan is Managing Partner of Osprey Capital, where he provides M&A and strategic advisory services in the aerospace and industrial manufacturing and services sectors.

Prior to the formation of the ATL Fund, Mr. Baughan was a MidOcean Executive Board member from 2011 to 2014.

He served as Chairman of Noranco Inc., a Tier I/II supplier of precision machined aerospace components and assemblies owned by MidOcean.

In addition, Mr. Baughan serves on several non-profit boards, including Novant Health, a $3.5 billion integrated healthcare system, where he is Chairman.

From 2005 through 2010, Mr. Baughan served as President and Chief Operating Officer of B/E Aerospace, a publicly traded global supplier of aircraft cabin interior products and aerospace consumables. Prior to that, he served as SVP/GM of the company's Commercial Aircraft Segment and Group VP/GM for Seating Products from 1994 to 2010. During his years at B/E Aerospace, Mr. Baughan helped transform the company from a small domestic manufacturer to a highly profitable global industry leader with annual revenues in excess of $2.5 billion and an enterprise value of over $5 billion.

Earlier in his career, he served as President of AET Systems and in various roles at The Boston Company (American Express) and Dow Chemical.

Mr. Baughan earned a BA in Economics from the University of Virginia and an MBA from Harvard Business School.  He is an instrument rated pilot, and lives in Winston-Salem, NC with his wife and three sons.

Neil Austrian

Neil Austrian most recently served as the interim Chairman and CEO of Office Depot Inc., a position from which he stepped down in 2005 when a permanent CEO was recruited. Mr. Austrian also spent nine years as an executive at the National Football League until he retired in 1999. While at the NFL, he worked closely with Commissioner Paul Tagliabue and oversaw all the operating departments and business entities of the League. In addition, he had primary responsibility for the strategy and negotiation of the 1994 and 1998 television agreements with the networks. Previously, Mr. Austrian spent four years as a founding partner of Dryden & Company, a private investment banking partnership specializing in leveraged buyouts from 1970-1974. He joined a client, Doyle Dane Bernbach (DDB), a communications company, beginning as CFO and then becoming CEO. In 1984, another client, Warner Communications Inc., asked Mr. Austrian to head a new joint venture it had established with Viacom Inc. in the cable television business, Showtime/The Movie Channel. He served as Chairman and Chief Executive until 1987 when he left to join Dillon Read as managing director, co-heading their leveraged buyout practice. Representative Boards that Mr. Austrian has served on include Office Depot, DIRECTV Inc., Alex. Brown Inc. and the Bankers Trust Company. Mr. Austrian has served on the DB Capital Partners Advisory Board since 1999.

Graham Clempson

Mr. Clempson is the former European Managing Partner of MidOcean. From 1999 to February 2003, Mr. Clempson was European Managing Partner of DB Capital Partners and CEO of MGPE. Previously Mr. Clempson was Co-Head of European Investment Banking at Deutsche Bank, with particular responsibility for the Bank’s Financial Sponsor Coverage, Leveraged Finance and High Yield departments. Prior to that, Mr. Clempson worked at Bankers Trust where he began his career in 1983. Representative boards that Mr. Clempson has served on include Bezier, Europackaging, Laurel Pubs, Piaggio and United Biscuits. He is also a trustee of Pilotlight charity and a lecturer and advisor on entrepreneurship and private equity at Said Business School, Oxford University. Mr. Clempson has an MA in Law from Oxford University.

Don DeFosset

Don DeFosset served as Chairman, President & CEO of publicly traded (WLT) Walterlndustries from November, 2000 until his retirement in November, 2005. Prior to his time at WLT, he was Chief Operating Officer of Dura Automotive Systems, Inc. Prior to that, Mr. DeFosset held various executive positions including Corporate Executive Vice President and Truck Group President of Chicago-based Navistar International Corporation President of AlliedSignal, Inc.’s Safety Restraint Systems division and Executive Vice President, Operations of Mack Trucks, Inc. Mr. DeFosset currently serves on the Board of Directors of Terex Corporation as Chairman of the Audit Committee, Regions Financial Corporation, Enpro Industries and National Retail Properties. He also served as Non-Executive Chairman and Board Member of the James Hardie NV Board of Directors from January, 2007 until August, 2008. Mr. DeFosset is a graduate of Purdue University, where he earned a bachelor’s degree in industrial engineering. He received his MBA from Harvard Business School.

Keith Frankel

Keith Frankel has been President, Chief Executive Officer and a Director of Vitaquest International since its formation. Mr. Frankel founded Celmark International, Inc., in 1990 and was its President from that time until the merger of Celmark with VitaQuest. As President of Celmark, he had principal day-to-day responsibility for its sales and marketing as well as its general operation. Before founding Celmark, Mr. Frankel held various sales, marketing, and management positions for predecessor companies.

Steven Gilbert

Mr. Gilbert serves as Vice Chairman of MidOcean’s Executive Board and in addition, he has served as Chairman of Sun Group (USA) and Gilbert Global Equity Partners, LP a $1 billion private equity fund. Mr. Gilbert has been an active investor and advisor with over 40 years experience in private equity investing, investment banking and law. From 1992 to 1997, Mr. Gilbert was the founder and Managing General Partner of Soros Capital, L.P., the venture capital and leveraged transaction entity of the Quantum Funds Group, and a principal advisor to Quantum Industrial Holdings, Ltd. From 1988 to 1992, Mr. Gilbert was the Managing Director of Commonwealth Capital Partners, L.P., a private equity investment firm. From 1984 to 1988, Mr. Gilbert was the Managing General Partner of Chemical Venture Partners (now J.P. Morgan Partners), which he founded. Mr. Gilbert was admitted to the Massachusetts bar in 1970, and received his JD from Harvard Law School, his MBA from Harvard Business School and his BS from the University of Pennsylvania.

Philip Heasley

Phil Heasley is currently President and CEO of ACI Worldwide Inc. (ACIW). Before joining the company, he was Chairman and CEO of Paypower LLC. From 2000 to 2003, he was Chairman and CEO of First USA Bank, the credit card subsidiary of Bank One Corporation. Prior to joining First USA, Mr. Heasley spent 13 years in executive positions at US Bancorp, including six years as Vice Chairman and the last two years as President and Chief Operating Officer. Before joining US Bancorp, Mr. Heasley spent 13 years at Citicorp. Mr. Heasley is a member of the board of directors of ACIW, Fidelity National Financial, lnc., Ohio Casualty Corporation, Kintera Inc. and Public Radio International. He served as Chairman of the Board of Visa USA from 1996 until November 2003 and was a member of the board of Visa International during the same period. In addition, he has previously served on the boards of Fair Isaac Corporation, The Schwan Food Company, Inc., AIG SunAmerica, Cray Inc. and Minnesota Seed Capital.

Jodi Kahn

Jodi Kahn is the Executive Vice President of iVillage, the essential digital brand for women, which serves as the digital anchor of NBC Universal Women & Lifestyle Entertainment Networks Group. Under her leadership, iVillage began a site wide redesign in September 2009 culminating in September 2010 with a year-long relaunch of all eight verticals including Entertainment, Pregnancy & Parenting, Food, Beauty & Style, Health, Home & Garden just to name a few. As the only digital women‘s brand nestled within one of the largest media and entertainment companies, Kahn is responsible for the strategic business operations of the company, while also overseeing iVillage UK, Astrology.com and GardenWeb. Kahn reports to Lauren Zalaznick, President, NBC Universal Women and Lifestyle Entertainment Networks. Since her ascension in Fall 2008, Kahn has been instrumental in the overall success of the brand that now serves over 30 million unique visitors, according to comScore, which has also experienced tremendous growth across many facets of business including trafic, advertising sales and editorial. Kahn is a true digital business strategist with a strong foundation building online consumer products. Prior to iViilage, Kahn was President, Global Digital Media for Readers Digest Association, Inc. There she is credited with building digital businesses across the company, overseeing content, product development and monetization for Readers Digest Associations family of 14 online brands, including allrecipes.com and rachaelraymag.com. Kahn developed multiplatform strategies, oversaw key site launches, led global digital expansion and oversaw the creation of an extensive digital content repository to grow audiences, revenue and profits. Before joining RDA, Kahn led Time for Kids, the in-school magazine from Time Inc. that reaches 4.4 million students weekly. There she developed new business sources, which contributed lo double-digit profit growth and subscriber increases and reshaped the ad sponsorship model, resulting in record growth for the brand. Previous to her tenure at Time for Kids, Kahn held a VP role at Time Inc. Interactive, where she led the integration of Time Inc. web properties and AOL. In addition, Kahn has held Marketing positions at Time and Sonv/Columbia House, handling both strategy and execution. She began her career as a media planner at Wunderman Worldwide, part of Young & Rubicam. Kahn resides in New York City with her husband and two children.

William T. Kerr

Bill Kerr is Chairman of the Meredith Corporation, a publishing company with 24 subscription titles and over 150 special interest publications and owns and operates 14 television stations which reach about 10% of the nation’s households. Mr. Kerr has also previously served as Chairman and Chief Executive Officer of Meredith from 1998 to 2006 and as President and Chief Executive Officer from 1997 to 1998. Before joining Meredith in 1991, Mr. Kerr was Vice President of the New York Times Company and President of its magazine group, a position he held since 1984. Representative boards that Mr. Kerr has served on include Principal Financial Group, Penton Business Media and the Whirlpool Corporation. He has also served as the Chairman of the International Federation of the Periodical Press and serves on the board of the Business Committee for the Arts.

Dennis Malamatinas

Dennis is the Chairman of Saxo Bank. He also serves on the following Boards:SSP Group Ltd (global leader in Food and Beverage concessions), Celio Group Ltd(French fashion retailer) and Classic Fine Foods Ltd (importer and distributor of fine foods in Asia).

 

Previously, Dennis has served as the global CEO of Burger King Corp., global CEO of Smirnoff vodka, Chairman & CEO of Pepsi-Cola Italy, Chairman & CEO of Priceline Europe, President of Diageo Plc Asia-Pacific and had held various positions in Brand/General Management with Procter&Gamble where he started his career in 1979 after an MBA at the Graduate School of Business at the University of Chicago.

 

Dennis has previously served on the following Boards:Diageo Plc, Reuters Plc, Metro International Ltd (Chairman), Sbarro Inc (Chairman).

 

He was one of the five founding members of President Clinton's Welfare to Work Partnership.

 

Dennis was born in Tanzania, E. Africa, is a Swiss citizen and lives in London with his Dutch wife.

Dave Moran

Mr. Moran is a CPG industry veteran with more than 30 years of experience.  He was the former President & Chief Executive Officer of Heinz North America, a division of H.J. Heinz Company. In this role, Dave led the division's core business functions of marketing, sales, finance, research and development, human resources, operations and supply chain.  Over the course of two assignments spanning 11 years, he ran 85% of Heinz’s world-wide businesses, including Heinz Europe.   He joined Heinz in 1998, after a 15 year career at The Clorox Company.  Mr. Moran started his career at Procter & Gamble in 1980.  He has had extensive board experience across public and private companies including his current companies, Acosta Sales & Marketing Company and South Beach Diet. Dave is a graduate of the University of Louisville, the University of Pennsylvania Wharton School of Business Executive Education Program and the Harvard Business School Advanced Management Program.

Nick Nicholas

Nick Nicholas joined Time Inc. in 1984 and held a number of executive positions during his thirty year career with the company. Mr. Nicholas was named President of Time Inc. in 1986 and served as Co-Chief Executive Officer of Time Warner Inc. until February 1992. Mr. Nicholas has served as a member of the board of Turner Broadcasting System, Inc., Bankers Trust Company and priceline.com and as a member of the President’s Advisory Committee for Trade Policy and Negotiations and the President’s Commission on Environmental Quality. Mr. Nicholas currently serves as a director for Boston Scientific Corporation, Xerox Corporation and Time Warner Cable Inc. Mr. Nicholas is Chairman of the Board of Trustees of Environmental Defense and a member of the Council on Foreign Relations. He also served on the DB Capital Partners Advisory Board beginning in 1999.

Governor George Pataki

Governor George E. Pataki joined the law firm Chadbourne and Parke, LLP in 2007 as Counsel, focusing on their environmental energy and corporate practice areas. The Governor is also the founder and Chairman of Pataki-Cahill Group, a consulting firm concentrating on climate change, energy, and the environment. He previously served three terms as the 53rd governor of New York State, from 1995 through 2006. Widely known for his protection of over one million acres of open space, Governor Pataki balanced his pro-business philosophy with award-winning policies in the renewable energy and environmental fields. He led the establishment of the first mandatory cap and trade carbon initiative (Regional Greenhouse Gas Initiative - RGGI) which now includes ten Northeastern and Mid-Atlantic States. The Governor implemented the first integrated strategy for creating clean, renewable transportation networks utilizing alternative fuels, including tax and other incentives for both consumers and manufacturers, grants for alternative retail fuel distribution systems, and the exemption of renewable fuels from all State and local taxes. He instituted the nation’s first green buildings tax credit incentive program which led to the building of the first high-rise green office building in the United States, the first high-rise green residential building in the United States, and a host of other green projects currently under development. Most notably, Governor Pataki ensured that the redeveloped World Trade Center site will be a global example of green building design. In addition, Governor Pataki worked to create public private partnerships for clean energy generation in New York State resulting in one of the largest industrial solar power arrays in the U.S. and one of the largest wind-power arrays in the Eastern U.S. He is currently co-chairman of the Council on Foreign Relations Independent Task Force on Climate Change.

Christian Purslow

Christian Purslow retired from day-to-day duties as a Managing Director at MidOcean Partners, where he was a Founding Partner, to join MidOcean’s Executive Board. While at MidOcean, Mr. Purslow focused on investing and managing portfolio companies in Europe and he also served as a Director of Morgan Grenfell Private Equity. Mr. Purslow was a Managing Director of DB Capital Partners, MidOcean’s predecessor. Previous to his private equity career, Mr. Purslow was Head of Media, Cable and Entertainment Investment Banking for Schroder Salomon Smith Barney in Europe and prior to that Head of UK Mergers and Acquisitions for Credit Suisse First Boston. He had previously served the Boards of Directors of two UK-listed public companies- latterly as Head of New Business Development for Reuters Holdings PLC and before that as Executive Assistant to the Chairman of The Burton Group PLC. He trained as an analyst with LEK Consulting. Mr Purslow earned his MBA with high distinction from Harvard Business School where he was a Baker Scholar and he has an MA in Modern Languages from Cambridge University.

Fredric G. Reynolds

Fredric G. Reynolds is the recently retired Executive Vice President and Chief Financial Officer of CBS Corporation In this post, he was responsible for all financial operations of the company. Reynolds had previously been President, Viacom Television Stations Group, overseeing the Company’s growing portfolio of local television properties. Prior, he had been executive vice president and chief financial officer, Viacom Inc., responsible for all Viacom‘s financial functions, including treasury, accounting, internal audit, insurance and risk management, tax, mergers and acquisitions, information systems and financial planning and business analysis. He had served as executive vice president and chief financial officer, CBS Corporation, since December 1997. He was elected executive vice president and chief financial officer, Westinghouse Electric Corporation, in February 1994 and assumed the additional post of chief financial officer, CBS Inc., in April 1996. Reynolds joined Westinghouse from PepsiCo Inc., where he spent 13 years (1981-94) in various financial positions, including senior vice president and chief financial officer for PepsiCo Foods International, PepsiCo’s Frito-Lay unit. He was also chief financial officer at several other PepsiCo units, including Kentucky Fried Chicken, PepsiCola International and Pizza Hut. Reynolds is a member of the Board of Kraft Foods, Inc. and serves on the Audit Committee and the Finance Committee. Reynolds is also a member of the Board of Directors of AOL Inc. where he serves as the Chairman of the Audit and Finance Committee. He is also a Trustees Emeritus of the Board of the University of Miami. Reynolds, a certified public accountant, is a 1972 graduate of the University of Miami, with a B.B.A. in finance. Ha is a native of Miami, and he and his wife live in New York and Santa Barbara. They have four children and four grandchildren.

Robert Rowley

Rob Rowley served as Executive Deputy Chairman of Cable and Wireless plc from January 2003 until early 2007. He is a non-executive Director of Prudential plc, where he is Chairman of the Audit Committee. Mr. Rowley is also a non-executive Director of Liberty International plc. He was previously on the Board of Reuters Group plc from 1990 to 2001, serving as Finance Director of Reuters Group from 1990 until 2000, then as Chief Executive of Reuterspace. He joined Reuters in 1979 as Financial Controller of its Business Group Division and was later a Director of Instinet and other Reuters Group companies. Mr. Rowley also previously served on the board of Taylor Nelson Sofres.

Mayo Shattuck

Mayo Shattuck is currently the Chairman, President and Chief Executive Officer of Constellation Energy Group. Prior to joining Constellation Energy, he worked at Deutsche Bank, where he served as Chairman of the Board of Deutsche Banc Alex. Brown as both Global Head of Investment Banking and Global Head of Private Banking. From 1997 to 1998, Mr. Shattuck served as Vice Chairman of Bankers Trust Corporation, which merged with Deutsche Bank in June 1999. From 1991 until 1997, Mr. Shattuck was President and Chief Operating Officer and a Director of Alex Brown Inc., which merged with Bankers Trust in September 1997. Representative boards that Mr. Shattuck has served on include Gap Inc. and Capital One Financial Corporation. He is a member of the board of Edison Electric Institute and chairs its Finance Committee. He is also on the Nuclear Energy Institute Board of Directors and on the Institute of Nuclear Power Operations Board of Directors. He serves as a member of the Board of Trustees of Johns Hopkins Medicine and a member of the Advisory Council of Stanford’s Graduate School of Business. He is Chairman of the Board of Visitors of the University of Maryland, Baltimore County and a Board Member of The Walters Art Museum.

George Stamas

George Stamas is a Senior Partner of Kirkland & Ellis LLP, dividing his time between the New York and Washington, DC offices. Prior to joining Kirkland, Mr. Stamas served as Vice Chairman of Deutsche Banc Alex Brown, Inc. He is also a Venture Partner of New Enterprise Associates, a founding director of FTL Consulting Inc. (NYSE), an international consulting firm, and a director of Gridpoint Technologies, a standard settings “smart grid” software solutions provider and Medicity, a leading medical records system integrator. Mr. Stamas is a director and investor in the Baltimore Orioles, Washington Capitals and Washington Wizards, and he was a co-founder of Washington/Baltimore Olympics 2012. Mr. Stamas has served on the Executive Board and its predecessor since 2000.

Thomas Theobald

Tom Theobald joined Continental Bank Corp. when it was controlled by the FDIC. He spearheaded a turnaround and returned Continental to full public ownership in 1991. He remained as Chairman and CEO until 1994 when it was sold to BankAmerica Corporation. Previously Mr. Theobald worked at Citicorp/Citibank for over 25 years in various capacities in the domestic and international sectors, including serving as Vice Chairman from 1982 to 1987. Representative boards that Mr. Theobald has served on include Columbia Mutual Funds, Anixter International, Jones Lang LaSalle Incorporated, Ventas Inc, and the Armbac Financial Group, Inc. He also is a director of the MacArthur Foundation.