Stock Information
+ 0.14
4:00 PM ET on Dec 9, 2016
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Jeffrey S. Stein
Co-Founder and Managing Partner of Power Capital Partners LLC
Chairman since 2015, Director since 2013
Chairman of Ambac Assurance since 2016, Director since 2013

Jeffrey Stein

Mr. Stein has been Chairman of the Board since January 1, 2015 and has served as a Director since May 1, 2013. Mr. Stein is Founder and Managing Partner of Stein Advisors LLC, a financial advisory firm that provides consulting services, primarily through corporate board representation, to institutional investors focused on distressed debt and special situations equity investments. Mr. Stein is Co-Founder and Managing Partner of Power Capital Advisors LLC, a financial advisory and merchant banking firm focused on energy, power and commodity-related project development and restructuring investments. Mr. Stein is an investment professional with over 22 years of experience in the high yield, distressed debt and special situations equity asset classes who has substantial experience investing in the financial services industry. Previously Mr. Stein was Co-Founder and Principal of Durham Asset Management LLC, a global event-driven distressed debt and special situations equity asset management firm. From January 2003 through December 2009 Mr. Stein served as the Co-Director of Research at Durham responsible for the identification, evaluation and management of investments for the various Durham portfolios. From July 1997 to December 2002 Mr. Stein was a Director at The Delaware Bay Company, Inc., a boutique research and investment banking firm focused on the distressed debt and special situations equity asset classes. From September 1991 to August 1995, Mr. Stein was an Associate at Shearson Lehman Brothers in the Capital Preservation & Restructuring Group. Mr. Stein currently serves as a director on the Boards of Dynegy Inc. (NYSE: DYN), Granite Ridge Holdings, LLC and MLR Petroleum LLC. Mr. Stein previously served as a director on the Boards of US Power Generating Company and KGen Power Corporation. Mr. Stein received a B.A. in Economics from Brandeis University and an M.B.A. with Honors in Finance and Accounting from New York University.

Alexander D. Greene
Former Managing Partner and Head of U.S. Private Equity at Brookfield Asset Management
Director since 2015
Director of Ambac Assurance since 2015

Alexander Greene

Alexander D. Greene has been a Director since April 2, 2015. Mr. Greene has over 30 years of corporate finance and private equity experience. From December 2005 to March 2014, he was a Managing Partner and head of U.S. Private Equity at Brookfield Asset Management, a global asset manager with over $175 billion of assets under management. At Brookfield, he led a team that invested in companies where operational improvement and strategic guidance were primary drivers of value creation. Prior to joining Brookfield, Mr. Greene was a Managing Director and co-head of Carlyle Strategic Partners, a private equity fund investing in financially distressed industrial companies; and at Wasserstein Perella & Co., and Whitman Heffernan Rhein & Co., served as an investment banker to large and mid-cap companies, boards of directors and other constituencies, focusing on leveraged finance, merger and acquisition and recapitalization transactions. Mr. Greene is a director of Overseas Shipholding Group, Inc. and USA Truck, Inc. and formerly served as a director of Longview Fibre Paper and Packaging, CWC Energy Services Corp. and Civeo Corporation. He is a member of the Armonk New York Fire Department and serves on the Budget and Finance Advisory Committee for the Town of North Castle, New York. He holds a Bachelor of Business Administration in Finance from the George Washington University.

Ian D. Haft
Partner at Cornwall Capital Management LP
Director since 2016
Director of Ambac Assurance since 2016

Ian Haft
Mr. Haft has been a director since March 28, 2016. He is a founding partner and Vice President and Secretary of Cornwall Capital Management LP (“Cornwall”), an investment manager. Mr. Haft joined Cornwall in 2009 and also previously held the positions of Chief Financial Officer (until November 2011) and Chief Operating Officer and Chief Compliance Officer (until the end of 2015). Mr. Haft is also a member of Cornwall GP, LLC, the general partner of Cornwall Master LP. Prior to joining Cornwall, Mr. Haft was a Principal at GenNx360 Capital Partners, a private equity fund, from 2008 to 2009. From 2002 to 2008, Mr. Haft was a Senior Associate and then Vice President (from 2004) at ACI Capital Co., LLC, where he focused on middle market leveraged buyouts and growth equity investments on behalf of two private equity funds. Mr. Haft began his career at The Boston Consulting Group in 1993 and was also employed by Merrill Lynch & Co. and The Blackstone Group prior to joining ACI Capital in 2002. Mr. Haft currently serves as Chairman of the Board of Hone Fitness Inc. (since March 2014). Mr. Haft is also currently a director of Touchstone Gold Holding S.A. (since May 2015) and the Special Litigation Manager of Smart Skins LLC (since November 2014). Mr. Haft previously served as a director of American Pacific Corporation (NASDAQ: APFC) from March 2013 until February 2014. Mr. Haft graduated magna cum laude with a BA in economics and mathematics from Dartmouth College in 1993 and his received his JD and MBA from Columbia University in 2000. Mr. Haft has extensive experience working with companies of all sizes and identifying, understanding and utilizing areas of value creation.

David L. Herzog
Former Chief Financial Officer of AIG
Director since 2016
Director of Ambac Assurance since 2016

David Herzog
Mr. Herzog has been a director since March 28, 2016. He has been the Chief Financial Officer and Executive Vice President of AIG since October 2008 and is expected to retire from that position in April 2016. Mr. Herzog served as Senior Vice President and Comptroller of AIG from June 2005 to October 2008, Chief Financial Officer for worldwide life insurance operations from April 2004 to June 2005 and Vice President, Life Insurance from 2003 to 2004. In addition, Mr. Herzog has served in other senior officer positions for AIG and its subsidiaries, including as the Chief Financial Officer and Chief Operating Officer of American General Life following its acquisition by AIG. Previously, Mr. Herzog served in various executive positions at GenAmerica Corporation and Family Guardian Life, a Citicorp Company, and at a large accounting firm that is now part of PricewaterhouseCoopers LLP. Mr. Herzog received a bachelor's degree in accounting from the University of Missouri-Columbia and a master of business administration in finance and economics from the University of Chicago. In addition, Mr. Herzog holds the designations of Certified Public Accountant and Fellow, Life Management Institute.

C. James Prieur
Former Chief Executive Officer of CNO Financial Group, Inc.
Director since 2016
Director of Ambac Assurance since 2016

C. James Prieur

C. James Prieur has been a Director since January 2016. Mr. Prieur is a former Chief Executive Officer of CNO Financial Group, Inc. and has over 30 years of finance, investment management, risk management, and international business experience. Mr. Prieur served as Chief Executive Officer and director of CNO Financial Group, Inc. from 2006 until his retirement in 2011. CNO Financial Group is a life insurance holding company focused on the senior middle income market in the U.S. Prior to joining CNO Financial Group, Mr. Prieur had been with Sun Life Financial since 1979. He began his career at Sun Life Financial in Investments, and in 1997 he was named Senior Vice President and General Manager for U.S. operations, and became corporate President and Chief Operating Officer in 1999, a position Mr. Prieur occupied until he left Sun Life Financial to join CNO Financial Group. Mr. Prieur is a Chartered Financial Analyst, and holds a BA from the Royal Military College and a MBA from the Richard Ivey School of Business of Western University. He is a director of Manulife Financial Corporation, and serves on the Risk and Management Resources and Compensation Committees of Manulife.

Nader Tavakoli
President and Chief Executive Officer of Ambac Financial Group, Inc. and Ambac Assurance Corp.
Director since 2013
Director of Ambac Assurance 2013

Nader Tavakoli

Mr. Tavakoli has been President and Chief Executive Officer of Ambac since January 4, 2016 and served as interim President and Chief Executive Officer from January 1, 2015 to December 31, 2015. He has been a Director of the Company since May 1, 2013 and served as the Co-Chairman of our Board of Directors from May 1, 2013 until December 31, 2014. Mr. Tavakoli has over 30 years of experience in managing and analyzing complex capital structures and run off operations. Additionally, Mr. Tavakoli has substantial experience in asset management, capital markets, financial restructurings, complex legal proceedings, corporate governance and state and municipal finance. In addition to his responsibilities at Ambac, Mr. Tavakoli serves as a Director and Litigation Trustee of the MF Global Holdings bankruptcy estate where, among other things, he is investigating and pursuing claims against that company’s former management and others. Mr. Tavakoli also serves as a Director of Magnachip Semiconductor, a Korea-based company which he helped shepherd successfully through a US bankruptcy proceeding. In 2013, Mr. Tavakoli led a buyout of Aman Resorts, the luxury hotel chain, and subsequently served as the company's Chairman. Mr. Tavakoli began his professional career as an attorney with the law firm of Milbank, Tweed, Hadley and McCloy, where he represented clients in banking, litigation and corporate restructuring matters. Until its sale to AT&T in 2013, Mr. Tavakoli was a director of Nextwave Wireless Inc., a provider of broadband spectrum. Mr. Tavakoli is a Governance Leadership Fellow of the National Association of Corporate Directors. Mr. Tavakoli is a former Chair of the Montclair State University Foundation Board. Mr. Tavakoli holds a B.A. in History from Montclair State University, where he was selected Valedictorian, and a Juris Doctor from the Rutgers Law School, where he was an editor of the Rutgers Law Review.

Additional Board Members of Ambac Assurance Corp.

Diane B. Glossman CFA
Former Head of US Bank and Brokerage Research at UBS Equity Research
Director since 2010

Ms. Glossman was a managing director and head of United States bank and brokerage research at UBS Equity Research until her retirement in 2003. She  was a six-time member of Institutional Investor's All-America Research Team and a member of the top ranked Global Bank Research team, along with winning the 2003 Wall Street Journal survey in the broker/dealer category, and was ranked for several years in the Reuters large cap and mid cap bank surveys by both fund managers and companies. Prior to joining UBS, Ms. Glossman was co-head of Global Bank Research and Head of Internet Financial Services Research at Lehman Brothers. Before that Ms. Glossman was co-head of U.S. Bank Stock Research at Salomon. Earlier in Ms. Glossman's career, she held positions at Mitchell Hutchins Institutional Investors, Manufacturers Hanover Investment Corporation, First Pennsylvania Bank and the General Accident Group. From October 2003 through September 2005, Ms. Glossman was an advisor to Citigroup's Global Consumer Group on strategy and a member of the GCG Planning Group. During the 10-month period ending September 2005, she was the acting head of the International Retail Bank.  Ms. Glossman also currently serves on the board of directors WMI Holdings Corp. and is a member of its Corporate Strategy and Development Committee.  She also currently serves on the board of the Bucks County SPCA.

Thomas P. Gybel
Former Managing Director of Global Corporate Finance for Deutsche Bank Securities Inc.
Director since 2010

Mr. Gybel was a Managing Director of White Mountains Capital Inc. (New York) from 2007 to 2010 focusing on new business creation and distressed investment opportunities. From 2004 to 2007, Mr. Gybel was a Managing Director of Global Corporate Finance for Deutsche Bank Securities Inc. (New York), advising insurers and other financial institutions on mergers and acquisitions as well as structured transactions. From 2002 to 2004, he co-led the turnaround of Danish Re Group (London), a Lloyd’s based reinsurer, serving as Managing Director and Board Member of the Lloyd’s syndicate. Mr. Gybel served with Lehman Brothers Inc. (New York) in various investment banking positions from 1997 to 2002. From 1995 to 1997, he led business development for General Electric’s subsidiary Employers Reinsurance Corporation (Kansas City).  Prior to that Mr. Gybel was at McKinsey & Company, where he advised financial services companies in Europe and the United States. He currently serves as a Member of the Board of PNMAC Mortgage Opportunity Fund, LLC where he chairs the Audit Committee. Mr. Gybel acts as an adviser to a variety of financial institutions.

Gary H. Stern
Former President and CEO of Federal Reserve Bank of Minneapolis
Director since 2010

Mr. Stern was president and chief executive officer of the Federal Reserve Bank of Minneapolis from March 1985 to September 2009.  Mr. Stern, a native of Wisconsin, joined the Federal Reserve Bank of Minneapolis in January 1982 as senior vice president and director of research. Before joining the Minneapolis Fed, Stern was a partner in a New York-based economic consulting firm. Stern's prior experience includes seven years at the Federal Reserve Bank of New York. Mr. Stern serves on the board of directors of FINRA, Dolan Media Company, The Depository Trust and Clearing Corporation, and the Council for Economic Education. Stern is co-author of Too Big to Fail: The Hazards of Bank Bailouts, published by The Brookings Institution (2004). He formerly served as chair of the board of the Northwest Area Foundation, The Minneapolis Club, and Blue Cross Blue Shield of Minnesota. Mr. Stern was also a board member of the Minneapolis College of Art and Design, Hamline University, and ETS.