With the support of Starboard Value, SVAC has assembled an exceptional leadership team with a track record of public and private market business transformations across multiple sectors.
Together, SVAC executives, Industry Advisors and Independent Directors have strong expertise in strategy, talent development, mentorship, driving growth, improving profitability, deep technology experience, and a track record of business transformations.
Chair, SVAC | CEO, Starboard
Jeffrey Smith is Chair of SVAC and a Managing Member, Chief Executive Officer and Chief Investment Officer of Starboard Value LP. Prior to founding Starboard Value LP, Mr. Smith was a Partner Managing Director of Ramius LLC, a subsidiary of the Cowen Group, Inc., and the Chief Investment Officer for the funds that comprised the Value and Opportunity investment platform. Mr. Smith was also a member of Cowen’s Operating Committee and Cowen’s Investment Committee. Prior to joining Ramius in January 1998, he served as Vice President of Strategic Development and a member of the Board of Directors of The Fresh Juice Company, Inc. Mr. Smith began his career in the Mergers and Acquisitions department at Société Générale. Mr. Smith is currently the Chair of the Board of Papa John’s International, Inc. Mr. Smith was formerly Chair of the Board of Advance Auto Parts, Inc., Darden Restaurants, Inc. and Phoenix Technologies Ltd. and formerly on the Boards of Perrigo Company plc., Yahoo! Inc., Quantum Corporation, Office Depot, Inc., Regis Corporation, Surmodics, Inc., Zoran Corporation, Actel Corporation, Kensey Nash Corp., S1 Corp and the Fresh Juice Company. Mr. Smith graduated from The Wharton School of Business at The University of Pennsylvania, where he received a B.S. in Economics.
CEO & Director, SVAC | Managing Director, Starboard
Martin D. McNulty, Jr. is Chief Executive Officer and a member of SVAC’s board of directors. Throughout his career, he has focused on driving operational improvements and business transformations across industries. Since June 2020, Mr. McNulty has served as a Managing Director of Starboard. From September 2013 to May 2020, Mr. McNulty was a Managing Director and member of the investment committee of Starr Investment Holdings, LLC, the direct private equity investment arm for C.V. Starr and Co., responsible for sourcing, execution and portfolio management of investment opportunities in the business services and healthcare sectors with a focus on supporting market leading companies with superb leadership teams grow their businesses. From June 2008 to August 2013, Mr. McNulty was a Vice President at Metalmark Capital, a value-oriented middle market private equity fund focused on making investments in the healthcare, industrial and energy sectors. From 2004 to 2007, Mr. McNulty was a Senior Associate at Sun Capital Partners, a value-oriented middle market private equity fund focused on making investments in businesses where its operational expertise could drive meaningful value in underperforming and turnaround situations. Mr. McNulty began his career in 2000 in the Deals practice at PricewaterhouseCoopers. Mr. McNulty has served as a director or board observer of several private companies. Mr. McNulty received a BBA in Business Administration from the University of Iowa.
SVAC’s Industry Advisors are key members of our leadership team. Like a turn-key C-Suite, each is personally invested, actively involved and assisting in the sourcing, evaluation, due diligence, deal execution, and post-closing strategic guidance of potential business combination partners.
Their skills and experience allow SVAC to pursue potential business combination targets in several industry sectors where we have expertise, increasing our likelihood of finding and completing a suitable business combination.
FORMER PRINCIPAL, VCP
Erin Russell is a senior private equity professional with a focus on healthcare investments. Ms. Russell has extensive experience in both public and private markets, ranging from investment evaluation to oversight of business transformations as a board member. During her time at Vestar Capital Partners, LP, Ms. Russell executed a portfolio roll-up strategy for several companies, created numerous creative capital structures (including non-traditional financing arrangements), and significantly improved the financial performance of acquired companies through operational and strategic improvements.
former CEo, pinnacle entertainment
Anthony M. Sanfilippo is a business executive with over 35 years of hospitality, entertainment and gaming industry experience. His extensive business successes include leading an operational transformation, navigating the sale of a publicly listed company, implementing long term strategies, and managing multiple acquisitions and business integrations. From 2010 to 2018, Mr. Sanfilippo served as Chief Executive Officer of Pinnacle Entertainment, Inc., which was sold to Penn National Gaming in October 2018. Prior to that, Mr. Sanfilippo served as President and Chief Executive Officer of Multimedia Games Inc.
Non-Executive Chairman and former CEO, Dunkin’ Brands | Former CEO, Papa John’s
Nigel Travis is a businessman and corporate executive. He has served as board member, chair, and Chief Executive Officer at some of America’s most iconic businesses. Mr. Travis’ extensive experience includes domestic and international leadership positions at both public and private companies, with a particular focus on the retail and restaurant industries. He remains actively involved in providing strategic and operational guidance through his multiple current appointments to the boards of publicly listed and private companies and has a distinguished career in creating shareholder value. Since 2009, Mr. Travis has served as Chairman of the Board of Dunkin’ Brands Group, Inc., and was also the company’s Chief Executive Officer until 2018, during which time he led Dunkin’ in its initial public offering. Previously, Mr. Travis was President and Chief Executive Officer of Papa John’s International, Inc. from 2005 to 2008.
Former CEO, Integrated Device Technology
Gregory Waters is a senior technology executive with extensive public and private company leadership experience having led three companies through successful transformations. Mr. Waters is also actively involved in new business formation with both for-profit and charitable corporations. Mr. Waters served as as Chief Executive Officer of Integrated Device Technology, Inc. from 2014 to 2019, when it was sold to Renesas Electronics Corporation.
SVAC’s Independent Directors are leading executives with significant governance, operating and investment experience. Their active involvement with our executives and Industry Advisors is an important aspect of driving a successful transaction that can result in a combination that reflects the best-in-class governance and leadership we seek to achieve.
Former Chair, North America, LVMH
For more than 25 years, Pauline J. Brown has acquired, built and led global luxury brands, with extensive experience in buyouts, and has public company board experience.
Former EVP, vornado realty trust
Michelle Felman’s extensive business experience includes experience as the head of acquisitions at one of the country’s largest real estate investment trusts and serving on various public and private boards and governance, compensation, audit and investment oversight committees on a global basis.
Robert L. Greene
CEO, National association of investment companies
Robert L. Greene is an experienced private equity professional with significant expertise in assisting companies with developing and executing growth strategies. He has served in various leadership roles and is an experienced director.
Former CFO, ADVO
Lowell W. Robinson is an experienced executive with over thirty years of senior global strategic, financial, M&A, operational, turnaround and governance experience at both Fortune 100 consumer and fashion/retail corporations and diversified financial services companies and high growth public companies in marketing services/media, technology and digital. Mr. Robinson also has extensive experience serving on the boards of public and private companies.