This panel will discuss the similarities and differences between PE and public companies in corporate governance, board composition and incentives, short-term vs. longer-term perspectives, relationships with management, and company culture.
Chelsea A. Grayson is an experienced CEO, corporate board member and advisor to public and private companies. She is currently the CEO and a board member for True Religion. Chelsea previously served on the board of directors for Delta Dental of California as a member of the Nominating & Corporate Governance Committee, and previously Chaired the Audit Committee for the True Religion board. She also serves as an advisory board member for Marca Global, a leading online reputation management company.
Previously, she was the CEO and a board member of American Apparel (NYSE MKT: APP). Before that, Ms. Grayson was the General Counsel, Chief Administrative Officer and Executive Vice President of American Apparel. Prior to joining American Apparel, she was a partner in the M&A and corporate governance practice groups of Jones Day and Loeb & Loeb.
Mr. Mitchell has forty years of experience advising investors, federal regulatory agencies, senior management and corporate boards of directors on financial reporting, risk management, valuation, governance, regulation, capital markets and mergers and acquisitions. He is a seasoned and recognized corporate boardroom leader and strategic advisor.
Mr. Mitchell is a director of Western Asset Mortgage Capital Corporation (NYSE:WMC), a mortgage REIT; Reis, Inc. (NASDAQ: REIS), a real estate information company; Parsons Corporation, a global engineering, construction, and professional services firm; Grandpoint Capital, a multi-billion dollar private equity-sponsored bank holding company; and Stearns Holdings LLC, a Blackstone-owned independent national mortgage company. Mr. Mitchell also serves as the vice chairman of the board of directors of Marshall & Stevens, a national valuation and financial advisory firm. He is formerly a director of two multi-billion dollar bank holding companies, a multi-billion dollar registered investment company, and an advisory board member of a multi-billion dollar fund of funds hedge fund.
Mr. Mitchell is a retired Deloitte senior partner and served as the National or Regional Managing Partner for various practices including audit, enterprise risk services, and financial services during his 26-year career. He was a founding member of the board of directors of Deloitte Consulting USA. In addition, Mr. Mitchell served as an Accounting Fellow to the Federal Home Loan Board in Washington, D.C.
Mr. Mitchell served as an adjunct professor of accounting at the University of Redlands. In addition, Mr. Mitchell is Chairman Emeritus of the National Association of Corporate Directors (NACD), Southern California and a NACD Board Leadership Fellow. In 2011 and 2012 Mr. Mitchell was named "one of the 100 most influential people in corporate governance" by Directorship magazine. In 2017 Mr. Mitchell joined the national board of directors for NACD. Mr. Mitchell is a summa cum laude graduate of the University of Alabama.
Rafael Pastor has an extensive and diversified track record in both running successful businesses and advising business leaders. His career has spanned the media/entertainment, education, and business/financial services sectors. He now serves on a variety of Boards and as an Advisor.
From 2004 to 2013, Rafael was Chairman of the Board and CEO of Vistage International, the world’s largest for-profit CEO membership company (which he co-owned with Larry Ellison, Michael Milken and Thomson Reuters). Previously, based in New York, Rafael held these positions at global media companies: CEO of Hoyts Cinemas Corporation; President of USA Networks International; Executive Vice President, International, of News Corporation and Fox Television International (reporting to Rupert Murdoch); and President of CBS/Fox Video International. Subsequently, he was co-Founder and co-Chairman of the Sonenshine Pastor (now Sonenshine Partners) investment-banking firm in New York City.
Currently, Rafael serves as an Advisor to a major international private equity firm. He also serves on the Boards of KinderCare Education, Rosetta Books, and Assurance App, as well as on the Advisory Boards of Julius, Thuzio, and MD Revolution. He is an investor in some of these companies.
Rafael is also engaged with not-for-profit organizations as: Chairman of the International Advisory Board of UC San Diego's School of Global Policy and Strategy; Vice Chairman of the Board of La Jolla Music Society; and Member of the Advisory Council of the Rady School of Management at UC San Diego, the Board of the National Association of Corporate Directors (Pacific Southwest Chapter), and the Strategic Roundtable of the San Diego Regional Economic Development Corporation.
Rafael started his career as an attorney, first at the Wall Street law firm of Hawkins, Delafield and Wood and then as Associate General Counsel at CBS Inc. He earned a BA from Columbia University and a JD from NYU School of Law. He was born in Israel to Hungarian parents, and speaks several languages. He and his wife, Marina, reside in Rancho Santa Fe, California.