LPL Financial Holdings Inc.

Committee Composition

  Audit Nominating and Governance Compensation
Richard W. Boyce     Member of Compensation Committee
Elected 2009

Mr. Boyce retired in 2013 from the partnership at TPG, one of the largest global investment partnerships, owning 107 companies with over $140 billion in revenue. He founded and led TPG's operating group, which drives performance improvement across all TPG companies. In his first role with TPG, he served as chief executive officer of J. Crew Group, Inc., from 1997 to 1999, and as a board member from 1997 to 2006. He became chairman of Burger King Corporation in 2002 and served on that board through 2010. Prior to joining TPG, Mr. Boyce was employed by PepsiCo, Inc. from 1992 to 1997, most recently as senior vice president of operations for Pepsi-Cola North America and was previously a partner at Bain & Company. He has previously served on the board of directors of several other TPG companies, including Del Monte Foods, ON Semiconductor, Gate Gourmet, and Direct General Corporation. He currently serves on the Wake Forest University School of Business Board of Visitors and the board of directors of Torrent Technologies, and is a member of the Board of Overseers of the Hoover Institution at Stanford. Mr. Boyce received a B.S.E. from Princeton University and received his M.B.A. from the Stanford Graduate School of Business. Mr. Boyce's pertinent experience, qualifications, attributes, and skills include his:

  • high level of financial, operating and management experience, gained through his roles as chief executive officer of J. Crew Group, Inc. and as chairman of the board of directors of Burger King Corporation;
  • high level of financial literacy gained through his investment experience as a partner at TPG Capital and
  • knowledge and experience gained through service on the board of other public companies.

John J. Brennan Committee Chair for Audit Committee Member of Nominating and Governance Committee Member of Compensation Committee
Elected 2010

Mr. Brennan is chairman emeritus and senior advisor of The Vanguard Group, Inc. Mr. Brennan joined Vanguard in July 1982. He was elected president in 1989, served as chief executive officer from 1996 to 2008 and chairman of the board from 1998 to 2009. Mr. Brennan is chairman of the Financial Accounting Foundation; a governor of FINRA; a director of the United Way of Southeastern Pennsylvania and a trustee of the University of Notre Dame and King Abdullah University of Science and Technology. He graduated from Dartmouth College and received his M.B.A. from the Harvard Business School. He has received honorary degrees from Curry College and Drexel University. Mr. Brennan's pertinent experience, qualifications, attributes and skills include his:

  • high level of financial literacy and operating and management experience, gained through his roles as chief executive officer and as chairman of the board of directors of The Vanguard Group, Inc. and through his service with the Financial Accounting Foundation and
  • expertise in the financial industry, underscored by his current role as a member of the board of governors of FINRA.

Paulett Eberhart Member of Audit Committee    
Elected 2014

Ms. Eberhart most recently served as president and chief executive officer of CDI Corp. (CDI), a provider of engineering and information technology outsourcing and professional staffing services, from 2011 to 2014, and currently serves as an advisor to CDI. From January 2009 until January 2011, Ms. Eberhart was chairman and chief executive officer of HMS Ventures, a privately held business involved with technology services and the acquisition and management of real estate. Prior to that she served as president and chief executive officer of Invensys Process Systems, Inc. (Invensys), a process automation company, from January 2007 to January 2009. Earlier roles include serving as president of Americas of Electronic Data Systems Corporation (EDS), an information technology and business process outsourcing company, from 2003 until March 2004, and senior vice president of EDS and president of Solutions Consulting from 2002 to 2003. Ms. Eberhart was also a member of the executive operations team and investment committee of EDS, where she was employed from 1978 to 2004. Ms. Eberhart currently serves as a director of Anadarko Petroleum Corporation and Cameron International Corporation. She is a Certified Public Accountant and received her B.S. from Bowling Green State University.

 Ms. Eberhart’s pertinent experience, qualifications, attributes and skills include her:

  • wealth of accounting and financial experience, as well as managerial experience, through her numerous years of service as an executive officer for EDS, Invensys and CDI. She also held various other operating and financial positions during her 26 years at EDS.
  • strong knowledge of the intersection of technology, data and finance industries.
  • knowledge and experience gained through her service on the boards of other public companies.

Anne M. Mulcahy   Member of Nominating and Governance Committee Member of Compensation Committee
Elected 2013

Ms. Mulcahy is the former chairman and CEO of Xerox Corporation. She served as CEO from 2001 to 2009 and chairman of the board of directors from 2002 to 2010. Prior to serving as CEO, Ms. Mulcahy was president and chief operating officer of the company. During a career at Xerox that began in 1976, Ms. Mulcahy also served as president of Xerox's General Markets Operations, which created and sold products for reseller, dealer, and retail channels; vice president for Human Resources with responsibility for compensation, benefits, human resource strategy, labor relations, management development, and employee training; and vice president and staff officer for Customer Operations, covering South America and Central America, Europe, Asia, Africa, and China. In addition to serving as a board director and member of the Audit Committee for LPL Financial, Ms. Mulcahy serves on the boards of Johnson & Johnson, Target Corporation, and The Washington Post Company and is chair of the board of trustees for Save the Children. She received her B.A. in English and Journalism from Marymount College. Ms. Mulcahy’s pertinent experience, qualifications, attributes, and skills include her:

  • high level of operating and management experience gained through her executive management positions and role as chairman and CEO of Xerox Corporation
  • knowledge and experience gained through service on the board of other public companies

James S. Riepe Member of Audit Committee Member of Nominating and Governance Committee Committee Chair for Compensation Committee
Elected 2008

Mr. Riepe is a senior advisor and retired vice chairman of the board of directors of T. Rowe Price Group, Inc. ("TRP"), where he worked for nearly 25 years. Previously, he served on TRP's management committee; oversaw TRP's mutual fund activities, and served as chairman of the T. Rowe Price Mutual Funds. He served as chairman of the board of governors of the Investment Company Institute and was a member of the board of governors of the National Association of Securities Dealers (now FINRA) and chaired its Investment Companies Committee. Mr. Riepe is a member of the board of directors of The NASDAQ OMX Group, Genworth Financial Inc., UTI Asset Management Company of India, and the Baltimore Equitable Society. He also served as chairman of the board of trustees of the University of Pennsylvania from which he earned a B.S. and an M.B.A. Mr. Riepe's pertinent experience, qualifications, attributes and skills include his:

  • high level of financial literacy and operating and management experience, gained through his executive management positions and role as chairman of the board of directors of T. Rowe Price Group, Inc.;
  • expertise in the financial industry, underscored by his 35 years of experience in investment management and his prior roles as a member of the board of governors of FINRA and as chairman of the board of governors of the Investment Company Institute and
  • knowledge and experience gained through service on the board of other public companies.

Richard P. Schifter   Committee Chair for Nominating and Governance Committee  
Elected 2005

Mr. Schifter is a TPG senior advisor. He was a partner at TPG from 1994 through 2013. Prior to joining TPG, Mr. Schifter was a partner at the law firm of Arnold & Porter in Washington, D.C., where he specialized in bankruptcy law and corporate restructuring. He joined Arnold & Porter in 1979 and was a partner from 1986 through 1994. Mr. Schifter currently serves on the boards of directors of American Beacon Advisors, Inc., Direct General Corporation, EverBank Financial Corp., ProSight Specialty Insurance Holdings, Inc., and American Airlines Group and on the board of overseers of the University of Pennsylvania Law School. Mr. Schifter is also a member of the board of directors of Youth, I.N.C. (Improving Non-Profits for Children). Mr. Schifter received a B.A. with distinction from George Washington University and a J.D. cum laude from the University of Pennsylvania Law School in 1978. Mr. Schifter's pertinent experience, qualifications, attributes, and skills include his:

  • high level of financial literacy gained through his investment experience as a partner at TPG Capital;
  • experience on other company boards and board committees and
  • nearly 15 years of experience as a corporate attorney with an internationally-recognized law firm.

Committee Chair = Chair Committee Member = Member