The business and affairs of the Company are directed, managed and controlled by our Board of Managers, which currently consists of the following seven people:
Daniel C. Van Epp, Non-Executive Chairman of Board of Managers - Mr. Van Epp has served as Non-Executive Chairman of Holdings’ Board of Managers since January 2012 and, from September to December 2011, was our interim Chief Executive Officer. Mr. Van Epp also is Executive Vice President, Capital Markets and Acquisitions and Chief Investment Officer of Newland Real Estate Group, LLC, a diversified real estate management and development company specializing in MPCs. In those roles, he provides strategic and operational consultation to the Chairman of Newland, while also leading the company’s efforts in capital markets and acquisitions. Mr. Van Epp previously served as Chief Operating Officer of Newland and President of its Mountain Region beginning in 2005. Mr. Van Epp has more than three decades of experience in real estate entity management and leadership, most recently as owner of The Van Epp Companies, a Nevada company which provides consulting services in the real estate development arena. From 1995 until 2004, he was Senior Vice President of The Rouse Company and President of its affiliate, The Howard Hughes Corporation, where he was responsible for the planning, development and production of residential, retail and office projects totaling millions of square feet. While at the Hughes Corporation, he led the development of its flagship community, Summerlin, in Las Vegas. Mr. Van Epp holds a bachelor’s degree in building construction from Virginia Tech.
Gregory D. Ethridge, Member of Board of Managers - Mr. Ethridge is a Partner at MatlinPatterson Global Advisers LLC and joined the firm in January 2009. MatlinPatterson Global Advisers LLC is the investment manager of MatlinPatterson Global Opportunities Partners III L.P., one of our principal equity holders. Prior to joining MatlinPatterson Global Advisers LLC, Mr. Ethridge was a Principal in the Restructuring Group at Broadpoint Capital Inc. (subsequently renamed Gleacher & Company, Inc.), an investment banking firm. He started his career in crisis management at Conway, Del Genio, Gries & Co. in New York advising companies in Chapter 11. In 2001, he joined the Recapitalizaton and Restructuring Group at Jefferies & Company, Inc., where he executed corporate restructurings and leveraged finance transactions until 2005 when he joined Parallel Investment Partners LP (formerly part of Saunders, Karp and Megrue) as a principal investor executing recapitalizations, buyouts and growth capital investments in middle market companies. In 2006, he was one of two founding members of the New York corporate finance restructuring practice for Imperial Capital LLC. Mr. Ethridge graduated from the University of Texas at Austin where he received a bachelor’s degree in business administration and a master’s degree in accounting.
Soo Y. Kim, Member of Board of Managers - Since April 2009, Ms. Kim has been a senior member of the investment team of Anchorage Capital Group, L.L.C., where she is responsible for the real estate, building products and municipal bond investment sectors. Anchorage Capital Group, L.L.C. is the investment manager of Anchorage Capital Master Offshore, Ltd., one of our principal equity holders. Prior to joining Anchorage Capital Group, L.L.C. in 2009, Ms. Kim worked at Goldman Sachs, most recently as a Vice President in the Americas Special Situations Group where she was one of six industry heads responsible for the Group’s $3 billion public investment portfolio. Ms. Kim joined Goldman Sachs in 2001 into its Principal Investment Area and was a member of the investment team in the Distressed Debt Principal Investing Group where she invested in capital structure of large bankrupt or distressed companies in a broad range of industries. Ms. Kim received a bachelor’s degree in chemical engineering and management science from the Massachusetts Institute of Technology and a master’s degree in business administration from the Wharton School at the University of Pennsylvania.
Mark Palmer, Member of Board of Managers - Mr. Palmer is a partner and investment professional of MatlinPatterson Global Advisers. Prior to joining MatlinPatterson in January 2009, Mr. Palmer was a Partner at the law firm of Bracewell & Giuliani LLP, where he served as the Chair of the firm’s Private Investment Funds Practice and as the Head of the Corporate Practice in New York (2006-2009). Prior to Bracewell & Giuliani, Mr. Palmer was the Head of the New York Corporate Practice of the international law firm Linklaters (2004-2006) as well as a Partner with the law firm of Stroock & Stroock & Lavan LLP (2002-2004). While an attorney, Mr. Palmer represented MatlinPatterson on many of its most significant transactions since inception. Mr. Palmer began his career as an Associate with the law firm of Sullivan & Cromwell LLP (1994-1998). Mr. Palmer holds a JD from Columbia University (1994) and a BA from the University of South Florida (1990).
Jon F. Weber, Member of Board of Managers - Mr. Weber has served as the Managing Director of the Portfolio Group at Anchorage Capital Group, L.L.C. since April 2010. Anchorage Capital Group, L.L.C. is the investment manager of Anchorage Capital Master Offshore, Ltd., one of our principal equity holders. From 2007 until 2011, he headed the Portfolio Operations Group within the Special Situations Group at Goldman Sachs, which was responsible for the operational oversight and value enhancement of portfolio companies in the Americas and Europe, the Middle East and Africa. Prior to joining Goldman Sachs, from 2003 to 2007, Mr. Weber was the senior finance and operations executive for Carl Icahn, where he was responsible for operational oversight of companies in which Mr. Icahn had a significant interest. In that capacity, Mr. Weber served as President of Icahn Enterprises, L.P., Chief Executive Officer of Philip Services Corporation and Viskase Companies, and as a board member of American Railcar Industries, National Energy Group, WestPoint International and XO Communications. Mr. Weber earned a bachelor’s degree and a master’s degree in business administration from Babson College and a juris doctor degree from Harvard Law School.
Thomas K. Sittema, Member of Board of Managers - Mr. Sittema is chief executive officer of CNL Financial Group, a leading private investment firm that provides global real estate and alternative investments. Sittema joined CNL in 2009 and assumed the CEO position in January of 2011. He leads a team that advises four real estate funds and a business development company. Since its inception in 1973, CNL Financial and its affiliates have formed or acquired companies with more than $26 billion in assets. Prior to joining CNL Financial, Mr. Sittema was managing director of real estate, gaming and lodging investment banking for Bank of America Merrill Lynch serving in numerous capacities, including sector head of REITS and lodging. Mr. Sittema led more than $20 billion in M&A transactions, $5 billion in equity offerings and more than $35 billion in debt transactions. Mr. Sittema’s career has also included real estate financing and management of the Dallas real estate office for Bank of America and its predecessors. In 2007, he was named one of the "Seven Investment Bankers Every Director Should Know" by Corporate Board Member Magazine. Mr. Sittema earned a bachelor’s degree in business administration at Dordt College and MBA in finance from Indiana University.
Todd W. Mansfield, Member of Board of Managers and President, Chief Executive Officer of Crescent Communities