10/22/15 Inside the Blue Ribbon Commission Report on Long-Term Value Creation
Directors explored the Board's Role in Driving Long-Term Value Creation and Considering Strategies to Balance Short- and Long-Term Performance. In today’s dynamic corporate environment, it can be challenging for the executive team to keep the organization’s long-term strategy in focus while delivering successful near-term results. The soon to be released BRC will consider the tools available to boards which enable management to take a longer view on achieving the company’s goals. Local memberss gathered and took a look inside the report with one of the commission’s Co-Chairs and our distinguished panel.
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Master Bios 102215
Location and Time
Junior League of Houston
1811 Briar Oaks Lane
Houston, TX, USA 77057
7:00 am Registration / Networking / Breakfast Buffet Opens
7:30 am Breakfast / Roundtable Introductions and Topic Discussion
7:50 am Program Presentation Begins
8:30 am Audience Q&A
9:00 am Adjourn Presentation
9:15 am Final Networking
L. Melvin CooperChief Financial Officer, Forbes Energy Services Ltd (FES)
Director, Flotek Industries (FTK) and Par Petroleum Corporation (PARR), NACD Texas TriCities Chapter
Mr. Cooper currently serves as the Senior Vice President and Chief Financial Officer of Forbes Energy Services Ltd. In 2008 he was part of the management team who took the company public. Prior to Forbes he served in operating and financial management capacities with companies involved in energy, scrap metal recycling, telecommunications, and supply chain management.
Mr. Cooper serves on the Board of Directors of Flotek Industries, Inc., a New York Stock Exchange company, where he also serves on the Audit, Compensation, and the Corporate Governance and Nominating Committees.
In August 2012 he joined the Board of Par Petroleum Corporation, another New York Stock Exchange company, where he serves as a member of the Audit, Compensation, and Nominating Committees.
Mr. Cooper serves on the Board of Directors of the National Association of Corporate Directors Texas TriCities Chapter. He holds the NACD Board Leadership Fellow designation and is a CPA.
Sam SusserPresident, Susser Holdings II, L.P.
President, Susser Holdings II, L.P. Advisory Board, McCombs School of Business, University of Texas Co-Chair, Kay Bailey Hutchinson Center for the Study of Energy, Law and Business; Trustee and Chairman, Driscoll Foundation; Appointed Member, Governor’s University Research Initiative Advisory Board
Sam L. Susser is the President of Susser Holdings II, L.P. From 1988 to 2014, Mr. Susser led the growth of Susser Holdings Corporation from a five store operation to a $6.7 billion enterprise that was a member of the Fortune 500 and employed 12,000. The business was sold to ETP on August 29, 2014, and Mr. Susser continued to serve as Chairman of the Board until May 2015. Prior to founding the Southguard Corporation (predecessor to Susser Holdings) in 1988, Mr. Susser spent 1985-1987 with Salomon Brothers Inc in New York City and in Dallas in the corporate finance division and in the mergers and acquisitions group. He received his BBA in Finance from the University of Texas at Austin.
Mr. Susser is currently a member of the Advisory Board of the McCombs School of Business at the University of Texas, Co-Chair of the Kay Bailey Hutchison Center for the Study for Energy, Law and Business, a member of the Advisory Board of the Schusterman Center for Judaic Studies at the University of Texas, a member of the Advisory Board of the UT Marine Science Institute at Port Aransas, a member of the Advisory Council for the College of Business Texas A&M University – Corpus Christi, a Trustee and Chairman of the Driscoll Foundation, which owns the Driscoll Children's Hospital System in South Texas, a Trustee of The Texas State Aquarium, a former Director and past President of The USS Lexington Museum, and a former Director and Vice Chairman of The Corpus Christi Regional Economic Development Corporation. In 2009, Mr. Susser was admitted to the Texas Business Hall of Fame and was named Border Texan of the Year in 2013. In June 2012, he served on the University of Texas Committee on Business Productivity. He is also a member of the Development Board for UT Austin and WPO. In 2015, he was appointed to the Governor’s University Research Initiative Advisory Board. He and his wife Catherine have one daughter and two sons.
William McCrackenPresident, Executive Consulting Group, LLC
Director – MDU Resources Group, The National Association of Corporate Directors, PENCIL, Lutheran Social Ministries, Millstein Center for Global Markets and Corporate Ownership at Columbia.
From January 2010 to January 2013, Bill McCracken was chief executive officer at CA Technologies, one of the world's largest information technology management software companies. He is now an executive advisor to the company. Bill joined CA Technologies Board of Directors in 2005, and held the roles of both non-executive and executive chairman from 2007 – 2010.
Prior to joining CA Technologies, Bill held numerous executive positions at IBM during his 36-year tenure. He served as a member of the Chairman's Worldwide Management Council and general manager of IBM's printing division. Prior to those roles, he was president of IBM's EMEA and Asia PC Company, and a general manager of marketing, sales and distribution for IBM PC Company.
Bill is currently a member of the Board of Directors of MDU Resources Group, is the president of Executive Consulting Group, LLC, and was a director of IKON Office Solutions.
In 2009, Bill was named by the National Association of Corporate Directors (NACD) Directorship as one of the top 100 most influential people in the boardroom, and in 2010 was also named to the NACD board. He is the current co-Chair of the NACD 2015 Blue Ribbon Commission Report (BRC) on Long-Term Value Creation. He was a commissioner of the NACD 2009 BRC on Risk Governance and in 2012 was co-chair of the BRC on Board Diversity, he was also a member of the 2013 BRC. Bill was the New York Vice-Chair of CEOs Against Cancer, and a member of the Business Roundtable. He is a member of the Economic Club of New York.
Bill is the chairman of the board of Lutheran Social Ministries of New Jersey, and serves on the board of PENCIL, a nonprofit organization that partners businesses with public schools in New York City. He is the New York chairman of the Chairmen's Forum, and is a member and vice-chairman of the board of the Millstein Center for Global Markets and Corporate Ownership at Columbia.