Churchill Capital Corp is a newly incorporated special purpose acquisition company formed as a Delaware corporation for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While we may pursue an initial business combination in any sector, we intend to focus our efforts on businesses in the broader technology services and software industry and, more specifically, the predictive analytics and data market, where we believe our management team and co-founders’ expertise will provide us with a competitive advantage. We are sponsored by Churchill Sponsor LLC, which is primarily owned by entities controlled by our co-founders, Michael Klein and Jerre Stead.
Our co-founder, Jerre Stead, has a long history of leadership and value creation at public and private companies, including during his tenure at IHS Markit Ltd. (“IHS Markit”) (Nasdaq: INFO), a world leader in critical information, analytics and solutions, and its predecessor company, IHS Inc. Under Mr. Stead’s leadership, IHS provided its shareholders with a 21% compound annual return from the time of its initial public offering in 2005 until Mr. Stead’s retirement from the company in 2017. Prior to leading IHS, Mr. Stead held a number of senior positions at companies, including Chairman and CEO of Honeywell-Phillips Medical Electronics, Chairman and CEO of Square D Company, Chairman and CEO of AT&T Global Information Solutions, Chairman and CEO of Legent Corporation and Chairman and CEO of Ingram Micro.
Our co-founder, Michael Klein, is also the founder and managing partner of M. Klein and Company, a global strategic advisory firm. Mr. Klein and his team advise Fortune 500 companies, boards of directors, senior executives, governments and institutional investors on a variety of matters. Mr. Klein’s background in strategic advisory work was built during his 30-year career, including more than two decades at Citigroup Inc. (“Citi”) and its predecessors, during which he initiated and executed multiple multi-billion dollar transactions.
We will seek to capitalize on the collective experience and complimentary expertise of our co-founders. Mr. Stead and Mr. Klein have formed a close business collaboration over the past 15 years. Mr. Stead and Mr. Klein served on the board of IHS together from 2003 to 2013. While Mr. Klein was on the IHS board, he was actively involved in significant transactions including the company’s initial public offering and each of its acquisitions. After stepping down from his role as a board member of IHS, Mr. Klein became an outside advisor to Mr. Stead and IHS and was actively involved in IHS’s major transactions, including the 2013 acquisition of R.L. Polk & Co. and the 2016 merger of IHS Inc. with IHS Markit. We believe the longstanding professional relationship between Mr. Stead and Mr. Klein will provide an advantage in terms of seamless coordination in managing the business of the company.
Jerre Stead has been our Chief Executive Officer and a member of our Board since August 2018. Mr. Stead currently serves as Executive Chairman of DTN LLC and served as Co-Chief Executive Officer from December 2017 to July 2018, which provides services in relation to the delivery of weather, agricultural, energy and commodity market information. Mr. Stead served as Chairman and Chief Executive Officer of IHS Markit Ltd. (Nasdaq: INFO), a world leader in critical information, analytics and solutions, from its formation in July 2016 through December 2017 and as Executive Chairman of its predecessor company, IHS, Inc., from December 2000 through December 2017 and as both Chairman and Chief Executive Officer from June 2015 through December 2017 and from September 2006 through June 2013. Additionally, Mr. Stead previously served as Chairman and CEO of Ingram Micro from August 1996 to June 2000 and Chairman and CEO of Legent Corporation from January 1995 to August 1995. Mr. Stead has served on over 30 corporate boards during his career and in 2017 received the B. Kenneth West Lifetime Achievement Award from the National Association of Corporate Directors. Mr. Stead is a graduate of the University of Iowa in Iowa City, Iowa, where he earned a bachelor’s degree in business administration, and of the Harvard University Advanced Management Program in Switzerland. Mr. Stead was selected to serve on the board of directors due to his significant experience leading and growing companies in the technology services and software sector.
Michael Klein has been our Chairman since August 2018. Mr. Klein currently serves as a Director for Credit Suisse Group AG and Credit Suisse AG. Mr. Klein is the founder and managing partner of M. Klein and Company, which he founded in 2012. M. Klein and Company is a global strategic advisory firm that provides its clients a variety of advice tailored to their objectives. Mr. Klein is a strategic advisor to global companies, boards of directors, senior executives, governments and institutional investors. Mr. Klein’s background in strategic advisory work was built during his 30-year career, including more than two decades at Citi and its predecessors, during which he initiated and executed strategic advisory transactions. He began his career as an investment banker in the M&A Advisory Group at Salomon Smith Barney and subsequently became Chairman and Co-Chief Executive Officer of Citi Markets and Banking, with responsibilities for global corporate and investment banking and Global Transaction Services across Citi. Mr. Klein is a graduate of the Wharton School of the University of Pennsylvania, where he earned his Bachelors of Science in Economics with concentrations in finance and accounting. Mr. Klein was selected to serve on the board of directors due to his significant investment banking and advisory experience, including for companies in the technology services and software sector.
Sheryl von Blucher has been our Chief Operations Officer and a member of our Board since August 2018. She has over 30 years of experience in a variety of roles in the global integrated energy, technology services and software, and public and non-profit sectors. She has led strategic and portfolio planning, operations, and corporate finance and development for both domestic and international organizations. Ms. von Blucher served as Co-Chief Executive Officer of DTN LLC from January 2017 to July 2018. Prior to this, she joined IHS in 2000 as Senior Vice President of Planning and Corporate Development, and then served as an Advisor to the Chairman & CEO of the company from 2007 through December 2017. Since 2008 Ms. von Blucher has worked in private-equity portfolio management and as a partner and managing director for the JMJS Group, a private equity partnership. Ms. Von Blucher currently serves on the Board of Directors of Washington Prime Group, Inc; DTN LLC; Capital Canyon Club and Golf Development LLC; and on the Board of Trustees for the not-for-profits Guideposts; IWF, a museum and designated U.S. National Historic Site; and UAHT, United Against Human Trafficking. Ms. Von Blucher holds a bachelor’s degree from Rice University and a master’s degree from Harvard University. Ms. von Blucher was selected to serve on the board of directors due to her significant experience as a senior executive in the technology services and software sector.
Peter M. Phelan has been our Chief Financial Officer since August 2018. Mr. Phelan is a managing director at M. Klein and Company, a global strategic advisory firm, which he joined in 2013. During that time, he has worked on a variety of transactions including notable mergers of public companies, activist defense assignments and both buy side and sell side M&A engagements. From 1991 to 2012, Mr. Phelan was at Citigroup Global Markets and its predecessor companies, Smith Barney and Salomon Smith Barney, where he held a variety of roles in the investment banking department including co-head of the financial sponsor coverage group in the U.S. Mr. Phelan’s work in investment banking at Citi spanned across most relevant product areas with a particular focus on working with the portfolio companies of private equity firms. Mr. Phelan holds a bachelor’s degree from Tulane University and a master’s degree in business administration from Columbia Business School.
Balakrishnan S. Iyer is a Director Nominee. Mr. Iyer currently serves as a Board member of IHS Markit Ltd. and previously IHS Inc. since December 2003. Mr. Iyer also serves on the Board of Directors of Skyworks Solutions Inc. since 2002 and Power Integrations, Inc. since 2004. From October 1998 to June 2003, Mr. Iyer served as Senior Vice President and Chief Financial Officer of Conexant Systems, Inc. Prior to that, at VLSI Technology Inc., Mr. Iyer was Senior Vice President and Chief Financial Officer from 1997 to 1998 and was Vice President, Corporate Controller from 1993 to 1997. Mr. Iyer served on the Board of Directors of Conexant Systems from February 2002 to April 2011, Life Technologies (and its predecessor Invitrogen) from July 2001 until it was acquired in February 2014 and QLogic Corporation from 2003 to August 2016. Mr. Iyer holds a B.Tech in Mechanical Engineering from the Indian Institute of Technology, Madras, an MS in Industrial Engineering from the University of California, Berkeley and an MBA in Finance from the Wharton School of the University of Pennsylvania. Mr. Iyer was selected to serve on the board of directors due to his significant financial and corporate governance experience in the technology services and software sector.
Karen G. Mills is a Director Nominee. Ms. Mills has been a Senior Fellow at the Harvard Business School and the Harvard Kennedy School since January 2014, focusing on economic policy, U.S. competitiveness, entrepreneurship and innovation. Ms. Mills was a member of President Barack Obama’s Cabinet, serving as the Administrator of the U.S. Small Business Administration from April 2009 to August 2013. Ms. Mills has been President of MMP Group since October 1993, which invests in financial services, consumer products and technology-enabled solutions businesses. Ms. Mills is Vice Chair of the immigration services company Envoy Global since September 2014. She also serves as Chair of the Advisory Committee for the Private Capital Research Institute since March 2017. Ms. Mills has been a member of the Council on Foreign Relations and the Harvard Corporation since July 2014. Ms. Mills holds an AB in economics from Harvard University and an MBA from Harvard Business School. Ms. Mills was selected to serve on the board of directors due to her significant experience in government, academia and investment.
Sir Martin Broughton is a Director Nominee. Sir Martin served as Deputy Chairman of International Consolidated Airlines Group from January 2010 to July 2016 as well as Chairman of British Airways from July 2004 to December 2013. He joined Sports Investment Partners in October 2010, and currently serves as Chairman of Sports Investment Partners. He served as Chairman of British American Tobacco Company from 1997 to June 2004 after having served in various roles at the company since 1971. Sir Martin was Chairman of Liverpool Football Club in 2010 and also served as President of the Confederation of British Industry from 2008 to 2010. He chaired the British Horseracing board from 2004 to 2007. Sir Martin was selected to serve on the board due to his significant business, investment and leadership experience.
Malcolm Stephen McDermid is a Director Nominee. Mr. McDermid is a Managing Director with Emerson Collective where he leads Emerson Collective’s venture capital investing efforts. He was previously a Partner with Andreessen Horowitz, a venture capital firm based in Menlo Park, CA. Prior to Andreessen Horowitz, Mr. McDermid was a Director with Thomas Weisel Partners, a technology focused investment bank in San Francisco. He began his career at Citi as a financial analyst. Mr. McDermid graduated from Tufts University with degrees in Quantitative Economics and Computer Science. He also earned a Masters in Law and Diplomacy from the Fletcher School of Law and Diplomacy at Tufts University. Mr. McDermid was selected to serve on the board of directors due to his significant business and investment experience.