LPL Financial Holdings Inc.

Committee Composition

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

Mr. Boyce has been a partner at TPG Capital since 1997. He founded and leads TPG Capital's Operating Group, which drives performance improvement across all TPG Capital companies. In his first role with TPG Capital, 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 serves on that board today. Prior to joining TPG Capital, Mr. Boyce was employed by PepsiCo. Inc. from 1992 to 1997, including as senior vice president of operations for Pepsi-Cola North America. He has previously served on the boards of directors of several other TPG Capital companies, including Del Monte Foods, ON Semiconductor and Gate Gourmet. Mr. Boyce received a B.S.E. from Princeton University in 1976 and received his M.B.A from the Stanford Graduate School of Business in 1980. 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
Class II Director
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.

Anne M. Mulcahy Member of Audit Committee Member of Nominating and Governance Committee  
Class I Director
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
Class III Director
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  
Class III Director
Elected 2005

Mr. Schifter has been a partner at TPG Capital since 1994. Prior to joining TPG Capital, 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., Republic Airways, Bristol Group, Ariel Reinsurance Company Ltd., EverBank Financial Corp., and Youth, I.N.C. (Improving Non-profits for Children) and on the board of overseers of the University of Pennsylvania Law School. Mr. Schifter received a B.A. from George Washington University in 1975 and graduated 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