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Answers to Common Mature ESOP Quandaries: Repurchase Obligations, Governance, and Valuation Transparency
(Concurrent Sessions 9)
E2 Thursday, April 11 :: 9:30–10:45
This session will explore some tools available to help trustees, boards, executives and ESOP committees, analyze
the next phase of their corporate life cycle, including case studies and discussion around repurchase obligation
studies, valuation transparency and corporate governance.
Joel H. Davis
Principal Financial Group
Joel is vice president-ESOP consulting at Principal and has more than 21 years of experience working with ESOPs and the companies that sponsor them. His technical areas of expertise involve ESOP feasibility consulting, repurchase liability and sustainability analysis, plan design, and administration. He is a member of the National Center for Employee Ownership, the ESOP Association (TEA), the Ohio Employee Ownership Center, and the Minnesota Chapter of TEA.
Gary D. Greenwald
GreatBanc Trust Company
Gary is a senior vice president and fiduciary analyst for GreatBanc Trust Company, the largest institutional provider of independent fiduciary services for ESOPs in the U.S. Prior to joining GreatBanc, Gary was a business litigator with more than 24 years' experience managing high-profile ESOP litigation nationwide. As a member of GreatBanc's compliance team, Gary assists fiduciary teams conducting due diligence and managing transactions and valuation updates, ensures compliance with ERISA's fiduciary requirements, assists GreatBanc's general counsel with litigation and regulatory investigations, and serves on the GreatBanc fiduciary committee.
Matthew J. Hricko
Stout Risius Ross, Inc.
Matthew is a director in the valuation advisory group at Stout Risius Ross, where he leverages his 10 years of financial advisory experience to focus primarily on projects involving interests held by employee stock ownership plans (ESOPs), including consulting and analyses related to formation, sell-side transaction advisory, determination of transaction fairness, and annual valuations. Prior to joining Stout, Matthew held positions in the strategic planning group at ArcelorMittal and in the treasury group at The Lubrizol Corporation.