Former Chairman, Bank of America, Illinois
Boards:
Lawson Productions, Inc.
Industry:
Corporate Directorships
Member since:
1988
Membership Type:
Life
Chairman, Bank of America, Illinois, Retired
PROFESSIONAL EXPERIENCE
1998 – 2001: Chairman, Bank of America, Illinois and Chairman, Bank of America, Illinois Advisory Board (formerly Continental Bank). Senior Business Executive in Chicago for Bank of America. Responsibilities included coordination of all lines of business ($2 billion+ revenues), internal and external communications, employee activities and coordination, civic leadership, significant merger related activities. Also responsible for annual multimillion foundation grants, member of Civic Committee of The Commercial Club and responsible for public relations.
1997: Midwest Regional Executive-Bank of America Private Bank (500 employees, $300 million revenues, 25,000+ client relationships, $33 Billion Assets under Management). Steered business through merger of NationsBank/Bank of America to new model and platform while growing revenues 10%+.
1997: Executive for Private Bank in Midwest, East, & Southwest U.S. in Global Private Bank. In prior eight years, grew revenues annually at 10% +, cut expenses, and fashioned Private Banking from multi-million-dollar loss to significant profitability. Installed two new back-office systems and introduced new products.
1996: Chief Administrative Officer of Bank of America, Illinois and Private Bank Manager, Midwest & East (including all phases of business and Marketing, Product Development, Operations, Communications and Compliance).
1991: Manager, Private Banking and Personnel Trust Departments, Continental Bank 1990 – 1991: Manager, Western States Department – all corporate relationships west of Mississippi River
including regional offices in Dallas and Los Angeles
1988 – 1990: Chief of Staff, Global Trading and Distribution – responsible for all non-revenue activity and support (systems and operations coordination, human resources, management accounting, trading support, training) for Continental Bank’s worldwide offices and trading
1973 – 1988: Began as a trainee, rose to Senior Vice President through a variety of corporate banking assignments. Experience in training, audit, policy review and formulation. Supervisor of Special Industries Group: Securities and Commodities Division, Transportation Division, and Equipment Leasing Division
GOVERNANCE EXPERIENCE
Goldman Sachs Trust/Goldman Sachs Variable Insurance Trust (Goldman Sachs advised mutual funds)
Trustee 2001 – 2006
Lawson Products, Inc. (Public-NASDAQ traded- supplier of repair and OEM parts)
Director 2003 – Present
Chicago Stock Exchange (formerly Midwest Stock Exchange-Second largest US Equity Exchange) Board of Governors 2001 – 2004
Bank of America, Illinois
Illinois businesses of $30 billion+ revenues company
Chairman of Advisory Board 1998 – 2001 (January)
The Chicago Network
Invitation only organization of 500+ professional women of significant achievement
Chair 1997 – 1998
Vice Chair (Chair-Elect) 1996 – 97
The Commercial Club of Chicago
Executive Committee 2000 – 2002 Member 1999
Civic Committee 1999 – 2000
University of Illinois
Member, President’s Advisory Council, 2000
Chair, College of Commerce Business Advisory Council 1996 – 1997
President of College of Commerce Alumni Association 1980
Kellogg Graduate School of Management
Advisory Board 1999 – 2007
Museum of Science and Industry
Board of Trustees 1999 – 2002
Lincoln Park Zoological Society
Responsible for funding and programs of United States’ oldest urban zoo Secretary
Board of Directors 2000 – 2001
Executive Committee 1998 – 1999, 2002
Board of Governors 1993 – 2008
Economic Club of Chicago
Vice Chairman, Programs 2000 – 2001
Executive Committee 1999 – 2001
Board of Directors 1997 – 2002 Chair, Programs 1999 – 2000
SPECIAL AREAS OF EXPERIENCE
Investment Management: Responsible for investment management business of $33 Billion Corporate mergers: operating, integrating, staff leadership
Finance: C.P.A., 20+ years Corporate Banking and Finance experience Securities & Commodities: management of largest Wall Street and Commodity Exchange relationships. Chief of Staff of Continental Bank’s trading activities.
Specialized Industries: Transportation, Leasing, Retail
International: Chief of Staff to Vice Chair of International & Trading businesses. Visited all international locations. Direct responsibility for Tokyo branch.
High Net Worth/Consumer: Ran Private Bank/Trust businesses and exited consumer businesses.
CONTINUING EDUCATION
Kellogg School of Management 18th Annual Corporate Governance Conference,2009
AWARDS/HONORS
YWCA: Outstanding Achievement Award for Business 1998
University of Illinois Commerce Alumni Association: Commerce Appreciation Award 1997 Crain’s Chicago Business: “100 Most Influential Women in Chicago” 1996
American Lung Association 1994
Chicago Tribune: “88 People to Watch in 1988”
OTHER AFFILIATIONS
Director Lincoln Park Zoo (1992 – 2008)
Women Corporate Directors
National Association of Corporate Directors
The Chicago Club
Women’s Athletic Club
Northwestern University Associates
American Institute of Certified Public Accountants (through 2001)
Director American Red Cross of Chicago (1982 – 1992)
EDUCATIONAL BACKGROUND
University of Illinois, Urbana, Illinois (Past President Commerce Alumni), BS Education, 1971 MBA Finance/Accounting, 1973 Certified Public Accountant, State of Illinois, 1975
PERSONAL
Enjoy baseball, music, French studies