Pioneer Institute is delighted to welcome Roger Servison and Peter Smyth to our Board of Directors. Their respective backgrounds in finance and communications, and enthusiastic support of Pioneer’s mission will help our organization make an even greater impact. “Pioneer Institute continues to be an important voice with a lasting influence on Massachusetts public policy discourse,” said Board Chair Stephen Fantone. “The addition of new board members Roger Servison and Peter Smyth will strengthen Pioneer’s work to advance solutions that improve the quality of life for citizens in Massachusetts.” Read the full biographies for the new members of Pioneer Institute’s Board of Directors below:
Roger T. Servison was president of Corporate and Strategic New Business Development, a unit of Fidelity Investments. Mr. Servison joined Fidelity in 1976 as vice president of marketing. Over the next few years, he established Fidelity’s direct marketing strategy and operations, through which Fidelity became one of the largest direct marketers of mutual funds in the United States. In 1980, Mr. Servison was named senior vice president of Fidelity Brokerage Services, subsequently directing all of Fidelity’s retail and institutional marketing activity. In 1987, Mr. Servison took over as senior vice president of Fidelity’s New Business Development Group, which became Fidelity Capital in 1989. In this position, he was responsible for overseeing Fidelity’s diversification into the life insurance, consumer banking and asset allocation businesses. Mr. Servison briefly left Fidelity to serve as president and chief executive officer of Monarch Capital. In 1991, he returned to Fidelity as president of Fidelity Investments Retail Marketing Company and Fidelity Brokerage Services, Inc. and was appointed to the Fidelity Investments Operating Committee. In 1995, he assumed responsibility as president or Strategic New Business Development, and was responsible for internal consulting, new product and market development, and coordination of overall corporate strategies and policies. He assumed responsibility for Strategic Advisers, Inc., in May 2005 and for Corporate Business Development in April 2007.
Roger is a board member of the Japan Society of Boston, Boston World Partnerships, The Trustees of Reservations and Tenacity. He is Life Trustee of the Boston Symphony Orchestra and an Honorary Trustee of the Museum of Fine Arts. He is on the Advisory Boards of Net Capital and Strategic Insight. Roger earned his undergraduate degree at the University of Iowa and his MBA at Harvard University. He and his wife Kristin, a former Pioneer board member, reside in Brookline.
Peter H. Smyth is recognized as a visionary and thought leader in the radio broadcasting industry. He most recently served as the Chairman and Chief Executive Officer of Greater Media, Inc., one of the nation’s leading broadcasting companies. In this role, Smyth oversaw the operational efforts of 21 AM and FM radio stations in Boston, Charlotte, Detroit, Philadelphia and New Jersey; a group of weekly newspapers in central New Jersey; and several telecommunications towers throughout the United States. Over the past three decades, Smyth served in a variety of capacities within Greater Media, including General Manager of WMJX-FM in Boston, Vice President of the Radio Group, and Chief Operating Officer of Greater Media, Inc. He began his career in broadcasting in 1977 as an account executive with WROR-FM in Boston and was quickly promoted to General Sales Manager, a position he held for the next five years. In 1983, RKO General, the parent company of WOR, recruited him to serve as general sales manager of its New York stations, where he directed the company’s sales operations until his departure in 1986 to work at Greater Media. Smyth helped to revolutionize the broadcasting industry by advocating for and adopting new technologies such as HD Radio and internet streaming, and by developing and incorporating innovative content to improve media communications and meet the emerging demands of the industry and its advertisers. He was named a “Giant of American Broadcasting” by the Library of American Broadcasting in 2014. Radio Ink Magazine, a leading broadcast industry publication, in 2005 and 2011, selected Smyth as “America’s Best Broadcaster.” In addition, he has been recognized as one of Radio Ink’s “40 Most Powerful People in Radio,” ranking among the top ten. In 2007, the publication named him “Radio Executive of the Year. He was inducted into the Massachusetts Broadcasters Hall of Fame in 2017.
An active philanthropist, Smyth currently serves on the Board of Directors of New England Baptist Hospital and the One Hundred Club of Massachusetts, an organization dedicated to enhancing the welfare and safety of the families of public safety officers and firefighters. He is a past member of the Board of Trustees of Emerson College and the United Way of Massachusetts. Additionally, he is a member of the Advisory Board for US Trust, Bank of America Private Wealth Management. In 2007, he received the “Humanitarian of the Year” Award from the Hundred Club of Massachusetts and the Golden Mike Award from the Broadcasters Foundation of America for exemplary service in the radio Industry. Peter is now emeritus Trustee at the New England Baptist Hospital. Smyth graduated from the College of the Holy Cross in Worcester and was awarded an Honorary Doctor of Commerce degree from Suffolk University in Boston in 2011.
Members Added in October 2018:
Pioneer Institute is thrilled to introduce five new members of our Board of Directors. At our annual meeting last week, the Institute welcomed leaders with backgrounds in law, finance, real estate, and manufacturing, who are enthusiastic supporters of Pioneer’s mission to improve the quality of life in Massachusetts through civil discourse and practical policy solutions.
Stephen Fantone, Chairman of Pioneer’s Board, noted, “Given the deep experience of these new board members, I am confident that their leadership, together with our current board members, will continue to energize and propel the great work we do for citizens of the Commonwealth and the broader community.”
Read the full biographies for all of the new members of Pioneer Institute’s Board of Directors below.
Brackett Denniston is senior counsel at Goodwin, Procter in Boston. He also serves as the Chair of the Institute for Law Reform of the U.S. Chamber of Commerce and as a member of the executive committee and board of the Chamber and a distinguished Fellow of the Chamber. Mr. Denniston also is the Chair of the Board of Trustees of Kenyon College, a member of the Dean’s Advisory Board of Harvard Law School and a on the boards of Equal Justice Works, a leader in providing legal services to the under- represented, and of the Coalition for Integrity, an organization devoted to anti-corruption efforts.
Mr. Denniston was, until his retirement in 2016, the Senior Vice President and General Counsel of the General Electric Company. In that position, he was responsible for leading a global organization of 5,000 that embraced legal, government affairs, compliance and environment, health and safety. During his tenure, GE was named the best legal department by Corporate Counsel magazine, and Mr. Denniston was named among the most influential General Counsels by the National Law Journal. He received numerous awards for his leadership, including on pro bono, anti-corruption and legal issues.
Mr. Denniston initially joined GE as head of litigation, where he headed litigation, investigations and compliance for the company.
Before joining GE, he was the Chief Legal Counsel to Governor William F. Weld from 1993 to 1996. He earlier served as the Chief of Major Frauds of the United States Attorney’s Office in Boston. He was a member of the Attorney General’s Advisory Committee on White Collar Crime and was awarded the Department of Justice’s Director’s Award for Superior Performance for his role in leading the successful prosecution of over 100 cases.
Mr. Denniston began his at Goodwin, Procter, where he was a member of the Executive Committee of the firm and served on a number of other firm committees. He specialized in complex litigation and investigations. After his graduation, he served as a law clerk to Judge Herbert Choy of the Unites States Court of Appeals for the Ninth Circuit.
Mr. Denniston is a summa cum laude graduate of Kenyon College and a magna cum laude graduate of Harvard Law School, where he was also an editor of the Harvard Law Review. He lives in Duxbury and is married to Kathleen Denniston. They are the parents of three children.
Mary Myers Kauppila
Mary Myers Kauppila is the President of Delaware Ladera Management Company, a family office that manages an integrated investment portfolio, inclusive of agriculture, venture capital, public and private equity, and real estate. She is the President of the Ladera Foundation, a private family foundation.
Mary served as director (1991-2009) for American Funds managed by the Capital Research & Management Company. She is Vice Chair of the Board of Overseers of the Hoover Institution at Stanford University; is trustee emeritus of Harvey Mudd College; is former trustee of Buckingham, Brown & Nichols School; and is former member of the National Board of Directors of the Network for Teaching Entrepreneurship.
Mary received her BA in economics from Harvard University. Mary and her husband, Keith, reside in Boston, Massachusetts and have one son.
Mr. Portnoy is President and Chief Executive Officer of The RMR Group Inc. (Nasdaq: RMR). RMR is a holding company and substantially all its business is conducted by its majority-owned subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that was founded in 1986 to invest in real estate and manage real estate related businesses. RMR’s business primarily consists of providing management services to six publicly owned real estate investment trusts, or REITs, and three real estate related operating companies. As of June 30, 2018, The RMR Group LLC had approximately $30.0 billion of total assets under management, including more than 1,700 properties, and employed almost 600 real estate professionals in more than 35 offices throughout the United States; the companies managed by The RMR Group LLC collectively had over 52,000 employees. Mr. Portnoy is President and Chief Executive Officer of The RMR Group LLC, and serves as Chair of both its Executive Operating Committee and Capital Allocations Committee.
Mr. Portnoy also serves on the Board of RMR and the Boards of all the companies managed by RMR, including: Hospitality Properties Trust (Nasdaq: HPT), Senior Housing Properties Trust (SNH), Select Income REIT (SIR), Government Properties Income Trust (GOV), Industrial Logistics Properties Trust (ILPT), Tremont Mortgage Trust (TRMT), Five Star Senior Living Inc. (FVE), TravelCenters of America (TA), RMR Real Estate Income Fund (NYSE American: RIF), Sonesta International Hotels Corporation (Private) and RMR Advisors LLC as well as Tremont Realty Advisors, both SEC registered investment advisors.
Prior to joining RMR in 2003, Mr. Portnoy held various positions in the finance industry and public sector, including working as a banker at Donaldson, Lufkin & Jenrette and ABN AMRO, working in private equity at the International Finance Corporation (a member of The World Bank Group) and DLJ Merchant Banking Partners, as well as serving as Chief Executive Officer of a telecommunications company. Mr. Portnoy currently serves as the Honorary Consul General of the Republic of Bulgaria to the Commonwealth of Massachusetts, and he is formerly a member of the Board of Trustees of Occidental College and the Board of Governors of the National Association of Real Estate Investment Trusts (NAREIT).
Mr. Portnoy graduated with a Bachelor’s degree in Public Policy from Occidental College in 1993. He and his wife Elika live in Boston with their two children.
Eileen Shapiro is a management consultant with long experience at McKinsey & Company and the Hillcrest Group. She has worked for large companies in many industries around the world and now works as an advisor with early-stage enterprises in New England. Eileen has served on a number of boards, and is currently a member of the President’s Council at the Franklin W. Olin College of Engineering; the Overseers for the Museum of Science, Mount Auburn Hospital, and the Landmarks Orchestra; the Discovery Council for Harvard Medical School; and the Board of Trustees for the Catholic Schools Foundation.
She is a co-inventor on several issued US and foreign patents, and is the author of several business books including How Corporate Truths Become Competitive Traps, and Fad Surfing in the Boardroom.
Eileen holds a BA from Brown University, and an MBA from Harvard Business School. She lives in Cambridge with her husband, Reuben Eaves.
Peter O. Wilde, Sr.
Peter O. Wilde, Sr. has been an Independent Director of Brookline Bancorp, Inc. since 1993. Mr. Wilde was previously President of manufacturing company Tuftane Extrusion Technologies, Inc., from 1998 until his retirement in 2009.
In 1997, Mr. Wilde was a Managing Director of Beckwith Bemis Incorporated, a coatings and finishing company. From 1991 to 1997, Mr. Wilde served as Vice President of Finance and Administration at Ran Demo, Inc., a materials technology company.
Mr. Wilde is Chairman of the Brookline Bancorp’s Risk Committee and serves on the Credit and Executive Committees. Mr. Wilde’s experience as a manager and owner of several businesses provides the Board of Directors with considerable knowledge concerning the risks associated with lending to commercial companies and small businesses. Mr. Wilde lives in Chestnut Hill with his wife Sally.
Members Added in October 2017:
Steven P. Akin
Steve Akin retired in December 2008 as president of Fidelity Personal Investments (FPI), the retail division of Fidelity Investments, the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans and a leading online brokerage firm.
Mr. Akin joined Fidelity in 1992 as president of Fidelity Retail Investor Services (FRIS), where he oversaw the representative and automated telephone services for the retail business. From 1995 through 1996, he served as president of Fidelity Retail Customer Development, which had responsibility for the retail distribution channels such as telephone operations, automated services and investor centers.
In 1997, Mr. Akin was named president of Fidelity Investments Systems Company. In this position, Mr. Akin served as the chief information officer responsible for computer operations, global communications networks, and enterprise-wide applications support and development. He also served as chair of the Global Technology Board to provide enterprise-wide coordination of the Fidelity technology community. Mr. Akin was named president of Fidelity Capital, the emerging business development arm of Fidelity Investments in 1999. He served as president and CEO of COLT, the publicly traded London-based Pan-European telecommunications company, from 2002 until returning to the U.S. in 2004.
He served as executive vice president of Corporate Services overseeing the Legal, Corporate Affairs, Government and Public Affairs, Corporate Business Development and Regional Administration functions of the company until 2005. Prior to assuming his Retail role in July 2006, Mr. Akin was executive vice president for Fidelity Brokerage Company and head of FPI Distribution, responsible for directing the sales and customer service activities of FPI, including Fidelity’s national Investor Center network, retail call centers, and online activities.
Prior to joining Fidelity, Mr. Akin was president of Sprint Long Distance Consumer Services Group. He also served as senior vice president of National Customer Operations for Sprint. In 1987, Mr. Akin was chief operations officer at United Telephone Company Midwest Group in Overland Park, Kansas. Previously, he served as chief operations officer for United Telephone of Indiana.
Born in 1945, Mr. Akin received a Bachelor of Arts degree in economics from Ohio Wesleyan University in 1969. He is a graduate of the Managing the Enterprise Program at Columbia University Business School. He also took courses at Harvard, Wharton, Babson, East Texas State, and Wright State.
Additionally, Mr. Akin has served as the president of the Mansfield Symphony and president of the Kansas City Lyric Opera. He recently completed his full term of eight years as the chair of the Kents Hill School board in Augusta, Maine and is a former chair for ten years of the Boston Lyric Opera. He is on the Board of Directors and on the audit committee of Fidelity Investments Trust Company and on Board of Trustees and on the investment committee of The Harold Alfond Foundation, the largest private foundation in Maine. He is the Chairman of the Board of the Alfond Scholarship Foundation, which provides $500 to every newborn baby in Maine in a 529 Plan. The projection is that by the end of 2018, 80,000 babies will be signed up with $92 million invested for them. He is also on the board of the Gulfshore Playhouse in Naples, Florida, a professional actors’ equity theatre.
He has been happily married to his wife Jane since 1973. He has two wonderful daughters, Sus, who is married to Dan Torres, and Kyla, who is married to Dr. Rich De Asla, an orthopedic surgeon at NCH in Naples and three grandchildren.
Brian C. Broderick has been a partner at Hemenway & Barnes LLC since 1996, where he serves individuals and their families as legal counsellor and private fiduciary. He serves on the firm’s Management Committee, oversees its Trust Department, and is a Managing Director of the firm’s wholly owned affiliate, Hemenway Trust Company, LLC, a New Hampshire non-depository trust company.
He and his wife Cathy live in Sherborn, where he pretends to be a farmer and lumberjack. Their six children tolerate these innocent conceits and are a great help around the place when they come by.
Charitable and civic interests and activities are a fundamental part of his life. He serves on the Board of Trustees of Wellesley College and is presently the Chair of the Board’s Compensation Committee.
He is a Director and the Clerk of the North Bennett Street School. He is a Proprietor of the Boston Athenaeum.
In the past he has served on annual funds at various schools (Xaverian Brothers, Newton County Day School of the Sacred Heart, Cathedral High School), and was the chairman of the Holliston Zoning Board and its Zoning By-Law Study Committee. While a student at Boston College he worked as an aide in the Massachusetts House of Representatives.
He was educated at Boston College (summa cum laude, Phi Beta Kappa) and at the Cornel Law School (JD).
Gary Campbell is Chief Executive Officer of Gilbert Campbell Real Estate, a company that owns and manages 2,000 units of rental housing in New Hampshire and Massachusetts. He is responsible for management operations, which include marketing, finance, and maintenance. He is also involved in developing and acquiring new rental communities for the company. He is a builder-member of the National Association of Home Builders, current President of the Home Builders and Remodelers Association of Massachusetts, past President of the Apartment Association of New Hampshire, as well as a member of ULI Boston, IREM, and the Northeast Realtors.
He holds an MBA from Harvard Business School, a CPM designation through IREM, and has a Real Estate Broker’s License as well as a General Contractor’s License. He was recently named 2nd Vice-Chair of the Multifamily Council Board of Trustees of NAHB and serves on the Responsible Property Investment Council of the ULI (national body).
He is currently serving as Chair of the Board of Circle Health and Lowell General Hospital, Chair of the Governance Committee of Wellforce Health Care, as well as Co-chair of the Lowell Plan, and was past Chair of the Board of Pike School in Andover.
He previously spent 16 years working in television news, with NBC News in New York and London, and as Chief of the CNN Paris Bureau. He also had his own television production company based in London.
He is married with three grown children.
Pamela Layton is the President and Executive Chairman of Bioarray Genetics (www.bioarray.us), a molecular diagnostics company focused on changing the way patients with cancer are evaluated and treated. The company’s first predictive test, BA100, eliminates the “one size fits all” approach to chemotherapy for breast cancer patients, identifying those that will and will not achieve complete response to the standard of care treatment.
Prior to joining Bioarray, Mrs. Layton was the founder and CEO of Parcell Laboratories and was responsible for taking one of the first pure stem cell products from bench to bedside for use in spinal fusion surgeries. She holds multiple U.S. and European patents for the ELA cell and its therapeutic applications. Prior to founding Parcell Laboratories, she was the founding partner and President of the TriGuard Group LLC, a security information platform company based in Boston. The Company partnered with a subsidiary of ADT to bring a new alarm notification platform to the market. Mrs. Layton holds the patent for the TriGuard Information Management Network. Prior to founding TriGuard Group, she spent seven years providing creative financing structures to domestic and international companies in her capacity at Bankers Trust, Chemical Bank and The Boston Company Real Estate Counsel.
Mrs. Layton is a Certified Tissue Bank Specialist as designated by the American Association of Tissue Banks (AATB). In addition to her dedicated work at Bioarray, she mentors companies through the MIT Mentor Smart program and the TIP Technology Program/University of Connecticut, she is a member of SBANE, a judge for the SBANE Innovation Awards, a member of Launchpad and Sky Ventures, Treasurer of the Board of Motherbrook Community Arts Center, and a is member of Womenade Boston.
M. Holt Massey
Raised in Richmond, Virginia, he earned a BA in Physics and an MS in Computer Science from the University of Virginia. In Boston, he designed software for NASA’s Space Shuttle. Later as a real estate developer, he specialized in historic rehabilitation. One project he did is a Beaux-arts office building on the National Register of Historic Places; this is where the Mass GOP currently rents offices. Other projects include medical research labs, senior housing, and cell towers. His civic interests embrace architecture, art, and politics. Married to Sandra Ourusoff Massey, he shares her home in New York, but they live primarily on Beacon Hill in Boston. Summers are spent on an antique wooden boat in Newport. He has three children. David is a naval architect in Annapolis, Maryland. George is head of investor relations for an energy firm in Peking. Josephine recently graduated from Yale and works in the travel industry.
Professional & Community Affiliations:
Urban Land Institute; Building Owners & Managers Assoc.; Downtown North Association (Director); Center for Blood Research at Harvard Medical School (former Director); Center for Business and Government at Harvard’s Kennedy School of Government (former Director); Institute for Classical Art & Architecture; Rural Land Foundation (Lincoln, MA); Boston University Academy (Trustee); American Friends of the National Trust for Scotland (Trustee); Pioneer Institute (Boston); American Enterprise Institute (DC); Trinity Church (Boston); Somerset Club (Boston); Lansdowne Club (London); New York Yacht Club; Boston Athenaeum; Redwood Library (Newport); Peabody Essex Museum; The Pilgrims of the United States; Beacon Hill Civic Association; Friends of the Public Garden; U. S. Naval War College Foundation (Newport); Mission Hill Main Streets (Roxbury); The Order of St. John; Historic Richmond Foundation, VA (former Trustee); Urban League of Richmond, VA (former Treasurer).
Mark Rickabaugh, CFA, is currently the principal of Rickabaugh Management LLC, in Boca Grande, FL, a family office, and investment advisor, to various investors and non-profit institutions. His efforts are based on more than 45 years investment management experience as a portfolio manager and chief investment officer and a general love of the analysis of financial markets and individual securities.
His previous experience includes serving as Chief Investment Officer and Portfolio at Anchor Capital Advisors, LLP, where he developed value investment strategies designed to outperform markets over individual cycles and the long term.
Mr. Rickabaugh was the Executive Vice President and portfolio manager at Fort Hill Investors in Boston. At Smith Barney, Harris, Upham, in NY, he was the Vice President and Portfolio Manager, a member of the firm’s investment Policy Committee, and he managed the Smith Barney Equity Fund. At IBM Corporation in Philadelphia, he was a Systems Analyst and marketing representative to financial and consulting industries. With the US Navy, USS Robert K Huntington (DD-781) he was a Deck Officer and Damage Control Assistant.
He earned his MBA at the Wharton School at the University of Pennsylvania, and his Bachelor of Science in Electrical Engineering at Purdue University. He was one of the founders of the Purdue Society for Individual Insight, the third college society in the US more dedicated to conservative principles. The Society’s first speakers were Milton Friedman and Ayn Rand. Mark’s lifelong passions are investing and politics, realized through sponsoring sound execution of public policies.
Mark is an avid sailboat racer in Peconic Bay and a bad golfer everywhere. He always enjoys the surroundings and people involved. He loves shooting adventures, particularly in the UK. He partakes in all other types of exercise including: biking, swimming and walking. He has been traveling more since official retirement (2.5 years ago) with many locations still on the list that will allow his family a greater knowledge and experience of the world. Reading fiction and non-fiction are hugely important to Mark; he always has several books going at once. He is married to Lynne Lundgren Rickabaugh, and they have two sons, Mark and Samuel (Ben) Rickabaugh.
View Pioneer Institute’s full Board of Directors here.